What’s up? Today we’re gonna be going over how to make money in real estate without a license. Stay tuned I
think you need a real estate license to make money as a real estate investor. Think again, you do not need a real estate license to be a real estate investor at all. There’s so many ways you can make money in real estate without having to be a real estate agent, get a license be regulated, and have everybody tell you what to do. You don’t need you don’t need that. Okay. Now does it help? Sure. Why not? I mean, it gives you more education. But I don’t have a real estate license. I don’t plan on getting one and I still invest in real estate and don’t need one. So let’s actually dive into the reasons why you don’t need a real estate license and what you can do to make money without one in real estate as an investor. By the end of this video, you’re gonna know why getting a real estate license is not the only way to get started in real estate investing, discover a lot of the extra strategies you can take that can help you make money without a license, and also learn how to capitalize off of these strategies to make as much money as possible on each deal you come across. Alright, everybody’s time to debunk the misconception that you need a license look, I started wholesaling about five years ago. And let me just rephrase that I started investing real estate five years ago, and I do not have a license till this day, you do not need a real estate license to be a fixin flipper, to fix up a house to find a deal to wholesale it to assign it to someone to lend out hard money, there’s a lot of different ways to make money in real estate that you do not need a license for a license is if you want to list someone’s house, put it on the market walk people through, it’s just it’s a process that you know, it works. And a lot of people do it. But it’s not something I was interested in, I wanted to just be working with sellers and negotiating and then selling it to investors and are invested in myself.
That’s what I wanted. I wanted it on the properties. That’s why I did it. And I don’t need a license to do it. You don’t need a license at the moment. There are some states that are regulating saying hey, you need a license to be a wholesale properties. Look, you can get around that you can either double close on the property, you can just have your your buyer that you’re working with just sign the paperwork and then pay you through an invoice or through a check as a marketing fee. It doesn’t matter. But look, you don’t need a license. You’re not listing it on the multiple listing service. You’re not trying to walk a bunch of people through it. You just are connecting when you wholesale. But yeah, that will debunk that myth, you do not need a license. And if there is some states that are trying to like hone down, say, yeah, you need a license, there’s always gonna be different ways to go through it. You’re gonna be able to buy it in LLC and then sell your LLC. But bla bla bla okay, but no, you don’t need a license. I hope I debunk that. So you wanted to discover all the different ways that you can get into a deal and actually make money on a deal without having a real estate license. There’s so many there’s wholesaling, wholesaling, creative financing bird, there’s a ton he hard money lending if you lend out money, private money, look, you don’t need a license to do any of those. And we’re going to be going over actually the video that I’ve made that goes into it more in depth that I’m going to be introducing you guys later in this video. But I just wanted to say one thing before we dive into that I want to let you know that I have a free masterclass where I teach my strategy of how to get your first or next deal. Little note with little to no marketing spend, I’m telling you, it’s totally worth it. I just did a challenge, a 30 day challenge where I went to a brand new market with no money and I’ve got a deal for $0 in marketing spin. I was able to do it through Facebook, okay, I found it on Facebook. I know there’s crazy. The internet is amazing. You can get deals without having to spend tons of money on marketing and I don’t suggest you spend a ton of money yet. Wait till you’re you have a business that’s thriving. But look, there’s tons of deals out there, just come to my masterclass, go to investor thrive.com We’re gonna dive in and show you my strategy and how you can get started. But I wanted to let you know that before we get on to the next topic.
So we’re gonna dive into all the different extra strategies and ways you can make money and make a lot of it without having a real estate license. And I have a video that I’ve recorded that I think explains it way better than me having to do it again. So we’re gonna dive into this watch you tell me what you think. And it’s going to explain to you creative financing, wholesaling, wholesaling all the different ways that you make money. I’m excited for you to learn, and let’s dive right in. Okay, so you guys probably obviously already know what the first strategy is. It’s wholesaling. So what is wholesaling? It’s basically getting a property at a discount under contract and assigning your contract to an end buyer and making an assignment fee. That’s one strategy and it’s not a bad strategy. But, you know, the way the market is right now, it’s kind of difficult to find a property that is that distressed that needs that much work where you’re able to get it at a price that makes sense. Not impossible. I mean, we do every day, but that’s just one strategy. So one exit strategy, as we all know is wholesaling. Okay, so if you’re not using this strategy, then you’re you’re leaving money on the table and it’s it’s called creative financing. or lease options subject to installment sales. I mean, there’s a lot of different terms contracts for deeds. They’re all you know, they’re all kind of legal depending on how you set up the contract. But basically what this is, is you take over the financing that someone has or the seller, the owner owns it outright, and they finance you. In this way, you’re able to pay more for the deal than you are at a wholesale price. So let me give you an example of a deal we did in Dallas. So the owner owed about 160,000, on the property, the house was worth about 180. So there’s like a $20,000 spread, not not a wholesale deal wasn’t gonna work. So I told the seller, I was like, hey, you know, what do you owe? And he said, 160, he said, Look, that’s kind of pretty much worth what it’s worth, right? Now. I can take over your payments for you, you know, by the house that way, and give you a little bit up front. So he said, Look, if you just take over my payments, I’m totally fine with that. I just need $2,000. So I said, everybody, I’m in fourth house, I can’t remember. But he said, Yeah, take over my payments, just give me a loan front.
So basically, what I did is I got it under contract, assume the mortgage. And I, you know, basically assigned my my contract to someone else. And I said, Hey, I need $9,000 down. So I was able to give him the to keep seven for myself. And that’s how I got it done. Now, that was a dud deal wouldn’t have been a wholesale deal, but because it was a creative financing deal. And I was able to take over his payments, someone was willing to take over that deal. So if you’re not using creative financing, lease options, taking over payments, you’re losing out on deals that are there, but they’re not wholesale deals. So make sure you’re doing that. Alright, guys, another strategy that we use all the time is an option to purchase agreement. And if you don’t know what that is, there’s a company out there that is basically doing an option to purchase agreements called Sunday, you can check them out, they’re basically going to sellers and saying, Hey, look, I’m not your buyer, I’m just going to find an end buyer. So they’re basically just telling people, they’re going to wholesale it. And I think they get a little bit of a commission. But what we’ve been doing to people is we’ll get a house in the middle of nowhere. And we don’t really know what the deal is worth or what what price we needed it at. So I tell the seller just straight up with like, hey, we don’t really buy in that area. But I have a bunch of investors I can run this by Is it okay, if I run your property by his investors, and if I, you know, bring you someone, you know, we can do the deal together. And the sellers are usually like, oh, yeah, let’s do it. That’s, that’s completely fine. Bring me a buyer. And we’ll do it. So then what I do is I have them sign an option to purchase agreement. I have a template if you want to use it in the link below. And basically what they do is they sign saying, Hey, if you find me a buyer at $80,000, I will sign a real estate purchase agreement. So then if I find someone for 90, I come to them to have found someone at they’re going to pay my fee, and they sign for 80. And then I will assign it to that end buyer for 90. So what is an option to purchase agreement, it’s literally telling them that you’re going to wholesale their property, you know, wholesaling,
you just say hey, I’m gonna buy it because you’re confident you have you can buy it, or you have a buyer option to purchase agreements, just saying, hey, look, I’ll bring someone to you. Are you cool with that, and it works all the time for us when just transparent with people and just tell them how you’re going to do it. It works and you know, areas where we don’t have buyers, and or we’re not confident about what we can get the property like what we need it for, we just say, Hey, I’m gonna bring some people, they’re cool with it. And I’m doing one in Hawaii right now, the house is worth 850 to 900,000. And this is a higher price point. So I told them, hey, I have a network of investors. Let me run this by them and see what they’d be willing to pay. And I’ll bring you their offers. And the guy’s like, Yeah, sounds great. So option to purchase agreement is huge. And it’s great because you’re just being transparent about things. Okay, guys, so this is a huge strategy that’s coming out right now. It’s kind of the new hot thing. It’s the retail buyer program. Novations. I mean, whatever you want to call it, it’s just different contracts you use. But basically what you’re doing is you’re going to the seller of a house that doesn’t need that much work. And you’re saying, hey, look, we have a program that you can, we can work with you we can work together where you know, we’ll list your house, we’ll fix up any repairs if you don’t have the money, and we’ll get you more money than a wholesale deal. And basically, you’re just partnering from what I understand you’re partnering with the seller to try and help them sell their house on the MLS with I guess their permission and you know that you can get more money for them that way. Now, you have to find the right situation you have to find a seller who trust you and is willing to work with you and you have to be willing to put a little bit of money into the property if you know end buyer you know that has a conventional FHA VA loan if the appraisal comes in they need you to do a couple things for to qualify for the loan. So it takes a little bit more work but you’re obviously to be able to make more money because you’re sending it to or you’re selling it to a retail buyer. So that is another option that we’re using seen at work before just have to see the right situation. Word.
Alright guys in to finish up this video, um, everybody knows about these last strategy, so I’m not gonna waste a lot of time on him listing the house, if you don’t have relationships with agents in the area, if you’re not an agent, you can’t list it, make some connections with some agents that can give you a kickback. If you sent him a referral, if you got someone that is dead set on listing their property, say, hey, yeah, we work with some agents, let me have one on call you you get they get the listing, they’ll give you a little kickback. If you’re able to do that, if you haven’t licensed it’s all you know, you’d have to get that set up. You know, also the end is fix and flip super easy. If you got a good deal and you feel like you should fix it up. You don’t want to put in a new kitchen or whatever, go for it, you’re gonna make more money if you have the means and the time to do that you got to every deal is you know, situational, you got to look at it. And lastly, and this is what we love doing is wholesaling. You take a house, you bring it down your carpet, you paint it, sometimes you even just sweep it, you just vacuum it, you clean it and you sell it, let me tell you about a deal, we had to end we bought it for about 344 We closed on it, we vacuumed cleaned, it took out the junk, and it costs us like 2000 bucks, and then we listed it on the MLS and do any work to it. And we’re about to have an offer. We’re about to accept an offer for 450. So didn’t really do any work to it. After fees and commissions everything we’re probably gonna make about 75,000 and then flip it. So, to wrap up the video guys, these are all the strategies that you use that you need to be implementing to, you know, make more money and be more successful in this business. You need a wholesale need to do installment sale or creative financing, lease options option to purchase retail buyer program Novations whatever you want to call it, just partner with the seller and sell their house on the MLS listed fix and flip or wholesale. So that’s a lot. I think that’s about eight different options. exes have different exit strategies. But anyway guys, you have to have all those options in your pocket. You can’t be a one trick pony pony, or you’re going to be leaving money on the table and not getting deals. I hope you enjoyed that video. It’s definitely going to help you out a ton if you start taking action. These videos that you’re watching are great, but really none of it matters unless you’re gonna apply and take action. So come to my masterclass, learn how to get started and apps it’s absolutely free to come to my masterclass just go to investor thrive.com And we’ll teach you what we got and it’s going to help you get started so hey, I’ll see on the next one everybody and if again if you enjoy this subscribe so we can see on the next video.
