West DFW REI Group

 

Wholesaling real estate has a reputation for being the “easy” way to get started in investing — and in many ways, that’s true. You don’t need a ton of cash. You don’t need a license. And if you play your cards right, you can make a good profit without ever owning the property.

But here’s the thing no one tells you when you're getting started: wholesaling can go sideways fast.

Maybe your buyer backs out last minute. Maybe the seller gets cold feet. Maybe a title issue pops up that throws everything off course. The truth is, if you’re wholesaling long enough, a deal falling apart isn’t a matter of if, it’s when.

That’s why understanding the dos and don’ts of wholesaling — and knowing what to do when a deal takes a wrong turn — is so important.

Let’s walk through it.

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The Right Way to Wholesale: What You Should Be Doing

Wholesaling works best when you’re prepared. It’s not about being flashy or cutting corners. It’s about knowing how to create win-win situations and avoid landmines along the way.

✅ Get That Inspection Clause In There

Every wholesale contract should have a solid inspection contingency. This gives you the right to walk away if something unexpected comes up — like major repairs, title problems, or issues with the seller. Think of it as your safety net.

✅ Know Your Numbers

Guessing isn’t a strategy. Know your COMPS. Understand ... Read More…

Buying a house from a wholesaler is a great method to locate deals at deeply discounted prices! This post discusses the pros and cons of dealing with a wholesaler.

Only investors hire experienced wholesalers to identify the perfect properties when buying houses in Dallas and Fort Worth. Wholesalers, on the other hand, can assist any investor in finding a home at a significant discount. Working with a local property wholesaler should never be underestimated, whether you are a real estate investor or simply a shrewd buyer seeking a great deal on a home.

Pros of Buying Houses From A Wholesaler In Dallas Fort Worth/North Texas

Great Prices
When you engage with a wholesaler to buy a house in Dallas, Fort Worth, you'll be able to find and purchase a home for a fraction of the retail price. Before they are available to the general public, a wholesaler knows how to locate the best off-market assets.

Simple Transactions
Working with a wholesaler streamlines the process. They'll be familiar with the process, ensuring that you and the documentation are ready for the closing. When you buy a house from a wholesaler, everything is taken care of for you, so you don't have to worry about difficult transactions or hidden fees. The professional wholesaler will take care of everything and answer all of your inquiries.

Multiple Properties Available
Wholesalers in Dallas and Fort Worth usually have several properties available at any given time. Because most wholesalers frequently work w ... Read More…

 

A wholesale agreement for properties in Dallas-Fort Worth will be important to you as an investor, so make sure you grasp and understand everything about it. Learn more about the process and what to expect in our most recent post!

When two real estate investors/ wholesalers come together to find a distressed property at a low price, a real estate wholesaler agreement or a wholesale real estate contract will be required. The wholesaler enters into a contract with the seller to purchase the property, and then transfers or assigns ownership of the contract to the buyer. In essence, the wholesaler acts as a go-between between the seller and the new buyer, bringing together two people who might not otherwise have come into contact.

Contract Basics

There are many types of investor contracts available in today's investing world.  Some people use a real estate attorney to draft and evaluate for you to ensure that all terms and clauses are legally sound and make sense for all parties involved in the transaction. Many investors use their State-created contracts.  In Texas, we use the TREC 1 to 4 family contract.  Even though numerous templates are available online, you should always have your attorney review your final draft. The contract will normally include the specifics of the property as well as the terms and conditions of payment. Everyone's roles will be clearly defined to ensure that there are no misunderstandings. The TREC contracts are uploaded ... Read More…

 Evaluating A Real Estate Investment Deal

We talk with many people looking to buy real estate investment properties in Dallas Fort Worth and the surrounding areas. Some of them know what they're doing when evaluating a real estate investment deal, and some are still in the learning process.

But, since our entire business is finding great deals at deep discounts... and often passing those deals onto real estate investors like you... I thought it would be a great idea to share with you some resources to evaluate a real estate investment deal.  This works in any market... Dallas Fort Worth and surrounding areas, Texas, and any other states across the country.

When you boil it down... evaluating a real estate deal is a pretty simple process.  If you're looking to buy real estate as an investment, wholesale properties, hold them for rent... whatever, one of the most important parts is "buying it right" (i.e., not overpaying).

So let's dive in.

What Goes Into Evaluating A Real Estate Investment Deal - (for single-family houses)

There are just a few main elements when you're evaluating a deal.

• Cost of repairs needed to get it back up to good condition. The after-repair value (ARV) of the property (what it's worth and can sell for today once it's fixed up). If you're going to buy and hold for a rental... you need to know what you can rent it out for and what your "debt service" (mortgage payment) will be.  Knowing t ... Read More…

Benefits of Joining Your Local REIA

REIA is an abbreviation for Real Estate Investing Association / Group.  REIA groups or clubs as some are called, are an invaluable tool to meet people from all walks of life who have an interest in real estate investing and to learn all about the REI business.  Members of REIA groups are like-minded groups of men and women “where deals and funding meet.”  Companies have been formed, and deals have been made directly from the relationships developed and information shared at REIA group events.  I refer to them as your real estate investor “watering hole.”  Members attend the “Watering Hole” to learn and find deals and funding. 

Learn more about the benefits of joining your local REIA group through the Infographic below:

Education - Here's a small list of topics you may see at your local REIA:

+ Getting Started

+ Foreclosures

+ Short Sales

+ Nothing Down Purchases

+ Flipping Properties

+ How to Estimate the After Repaired Value

+ Refurbishing & Rehabbing

+ Lease/Options

+ Finding Bargain Properties

+ Writing Offers

+ Building profitable partnerships

+ Marketing to Find Motivated Sellers

+ Marketing to Sell Your Houses

+ Buying Discounted Notes & Mortgages

+ Mobile Homes & Mobile Home Parks

+ 1031 Exchanges & Other Tax Issues

+ Property Management

+ Using Self-Directed IRAs

+ Lawsuit or Asset Protection & Legal Issues

+ How to Fi ... Read More…