top of page

How To Wholesale Real Estate

When it comes to buying and selling homes, there are many factors to consider, including financing, market conditions, and legalities.

Picture of a White House and the words how to wholesale real estate
Wholesale Real Estate Business Opportunity

Wholesaling real estate offers a unique opportunity to sell a property before buying it, which can be especially useful in todays market. In this blog post, we will cover the basics of wholesaling real estate, including how to sell a house before buying it, whether a down payment is needed, what are mortgage lender options, and if you need an experienced real estate agent. By the end of this post, you should have a good understanding of how to wholesale real estate, own a new house and maximize your profits. We will discuss the entire home buying process.

What Is Wholesaling? (Selling House Before Buying)

Wholesaling real estate involves finding a property that can be sold below market value and then reselling it for a profit. The main difference between wholesaling and regular home buying is that in wholesaling, you sell the property before buying it. Wholesaling can be a lucrative business in a strong seller's market. However, it's important to be aware of the legal requirements in your state or country as wholesaling can be illegal in some areas. Additionally, marketing and networking skills are necessary to find the right buyers and sellers.

Do I Need A Down Payment?

One of the advantages of wholesaling is that it doesn't require a down payment, as you are not buying the property yourself. However, you will need to have actual cash or access to a short term loan to put down a deposit or pay for closing costs. It's also important to consider your debt-to-income ratio when taking out loans for wholesaling. Taking on too much debt can lead to financial stress, especially if you are already paying a mortgage on your current home and don't want to pay two mortgage payments. In a buyer's market, it's also essential to be pre-approved for a loan to show sellers that you are a serious buyer.

What Is A Bridge Loan?

A bridge loan is a short term loan that is used to bridge the gap between two mortgages. In the context of wholesaling, it can be used to finance the purchase of a new house before selling your current home. This can be especially useful if you need to move quickly and don't have time to wait for your home sale to close. Bridge loans are typically offered by mortgage lenders and can be secured by your current home's equity or a home equity line of credit, this would essentially mean you would have two mortgages until your house sells. While these types loans can be helpful in the short term, they come with higher interest rates and closing costs than regular mortgages.

Picture of the process of buyer and selling real estate
Wholesale Buyer Process

Do I Need Legal Advice for A Real Estate Transaction?

Whether or not you need a real estate agent when wholesaling depends on your experience and expertise in the field. If you are new to wholesaling, it can be beneficial to work with a local agent who can guide you through the selling process and help you find prospective buyers. A good agent can also assist you in negotiating sales prices and closing dates. However, if you have experience in wholesaling and a strong network of buyers, you may be able to sell the property without an agent. In this case, you can save on commission fees and have more control over the selling process.

Wholesale Real Estate Franchises

If you're interested in wholesaling real estate but don't know where to start, a Joehomebuyer franchise might be the perfect opportunity for you. Joehomebuyer is a leading real estate wholesaling company that has been helping investors buy and sell properties since 2010. By becoming a Joehomebuyer franchisee, you can gain access to a wealth of knowledge and resources to help you succeed in the competitive housing market.

As a Joehomebuyer franchisee, you'll receive comprehensive training and support from experienced real estate professionals. You'll learn the entire process, how to find the best properties, negotiate deals, and market your properties to potential buyers. With access to the latest market analysis and financing options, you'll be able to make informed decisions and maximize your profits.

One of the biggest advantages of becoming aJoehomebuyer franchisee is the ability to leverage the brand's reputation and network of buyers and sellers. Joehomebuyer has a strong reputation for quality service and expertise in the wholesaling industry. By joining the Joehomebuyer team, you'll have access to a network of buyers and sellers who are looking for properties just like yours. With a proven track record of success and a commitment to excellence, Joehomebuyer can help you achieve your financial goals in the real estate industry.


Wholesaling real estate can be a lucrative business if done correctly. By understanding the basics of selling a house before buying it, whether a down payment is needed, mortgage payments, types of home equity loan and if you need a local real estate agent, you can make informed decisions and maximize your profits. It's important to carefully consider market conditions, do I have home buyers lined up, current mortgage rates, and financing options before entering into a wholesale deal. In a perfect world, you could buy your next house without worrying about selling your old house (buy before you sell). However, in reality, buying and selling homes can be a complicated process and take and extended period of time.

It's important to carefully consider all your options when it comes to selling your current house, whether that involves temporary housing or a short term rental. It's also important to be aware of the actual cash value of your home's equity, outstanding balance and the potential sales price of your old home before taking out a second mortgage or making any other major financial decisions.

In a strong seller's market, it's important to have a good agent on your side who can assist you in navigating the competitive housing market and finding prospective buyers. However, in a perfect world, you could sell your current home and buy your dream house on the same day without any stress or extended periods of house hunting. While this may not always be possible, with careful planning, financing, and market analysis, you can successfully wholesale your home before selling you own home and make your dream home a reality.

Whether you're a seasoned real estate investor or new to the game, it's important to carefully consider all the factors involved in wholesaling real estate, from the selling process to financing options. With a good agent, loan in place, and careful planning, you can sell your current home, purchase a new one, and maximize your profits without taking on too much financial stress. In a competitive market, it's essential to be flexible and open to all options, whether that involves temporary housing or working with a family member to sell your current home. By being well-informed and prepared, you can make your dream of buying and selling homes a reality.


You have pending requests

bottom of page