MODULE 01
Wholesaling Fundamentals
EST. TIME: 45 MIN
The Core Concept
Wholesaling is the art of finding a discounted property, putting it under contract, and then assigning that contract to an end buyer for a fee. You are not buying the house; you are selling the rights to buy the house.
1
Find Deal
Under Market Value
2
Contract It
Secure Rights
3
Assign It
Collect Fee
MA EDITION
Massachusetts Regulations
License Requirement Warning
In Massachusetts, you must have a valid intention to buy. Do not market the "property" if you don't own it. Market the "contract" or your "equitable interest."
Key Vocabulary
ARV
After Repair Value
Value after renovations.
MAO
Max Allowable Offer
Highest price we can pay.
EMD
Earnest Money Deposit
"Good faith" money ($500-$1k).
Probate
Legal Process
Selling assets after death.
Success Checklist
Understand the Lifecycle
Learn MA Laws
Memorize Vocabulary