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The Rich Somers Report
If I Was Starting Over From Zero Knowing What I Know Today | E20
Feb 9, 2023
Exploring real estate wholesaling, off-market deals, and contract assignments. Starting a co-hosting short-term rental company for cash flow and wealth building. Real estate investing strategies from scratch, networking tips, and wealth-building power of sweat equity.
10:00
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Quick takeaways
- Wholesaling business involves sourcing off-market deals for profit without property ownership or renovations.
- Co-hosting short-term rentals provides cash flow by managing properties for a commission without upfront capital.
Deep dives
Starting a Wholesaling Business
Starting a wholesaling business involves finding off-market deals and assigning them to investors for a premium without the need for renovations or property management. This method can generate significant income by sourcing deals and connecting with potential buyers, offering a lucrative ROI on time and minimal capital requirements. Successful wholesaling businesses rely on the ability to locate attractive investment opportunities and negotiate favorable deals to earn profits.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode