There are many would be investors inspired to get into flipping homes who have sadly purchased out of date and useless real estate education programs offering the promise of wholesaling real estate with no money down, only to hit a brick wall when they find out the strategies they have learned about don’t work or are unrealistic. So does no money down wholesaling real estate still work today?
Absolutely. It is done everyday all over the country from San Diego to Connecticut. Of course it can be easier if you do have some start up capital or at least some reserves but this doesn’t have to total thousands of dollars. You may not have to put a penny in down payment or pay for closing but having a few hundred dollars to cover things like appraisals, deposits and inspections is smart.
However, those who are knowledgeable about wholesaling real estate will let you know that you don’t ever even have to purchase a property to make money from real estate. Assigning or flipping contracts can be an extremely profitable and easy form of wholesaling real estate. Some even do very well simply acting as ‘bird-dogs’ and referring deals to other investors who have the cash to buy them, fix them up and market them. Don’t let the title put you off, some ‘bird-dogs’ have been known to make millions of dollars a year.
Those who really want to be more involved in the wholesaling real estate game and actually take down and turn around properties can still often do this with no money down. Perhaps you know some reasonably wealthy individuals who need to make better returns on their savings or investments? Otherwise you may find transactional lenders the perfect solution for wholesaling real estate with 100% financing which doesn’t require any credit checks or income verifications.
So yes, wholesaling real estate with no money down is definitely done all the time, though once you get rolling and have more money to work with it can often become much easier and you will have access to a broader choice of deals.
