The Best Wholesale Real Estate Books to Read in 2024

Welcome, fellow real estate enthusiast! Are you ready to dive headfirst into the world of wholesale real estate? If you’re nodding your head, you’re in the right place.

Whether you’re just starting out or you’re a seasoned investor, consider this Awesomely blog post your golden ticket to understanding the ins and outs of wholesale real estate by reading today’s best wholesale real estate books.

After all, wouldn’t it be great to learn from today’s top wholesalers?

So you can discover their mistakes, and ensure you don’t make the same ones?

Let’s take a look at today’s best wholesale real estate books.

The Best Wholesale Real Estate Books of 2024

It’s time to boost your wholesale real estate game, and I’ve got just the thing for you — a handpicked list of must-read books.

These reads are packed with all the wisdom you need to get started:

1. “The Beginner’s Guide To Wholesaling Real Estate: : A Step-By-Step System For Wholesale Real Estate Investing” by Jeff Leighton

Ready to get started in real estate investing?

Wholesaling is the fastest path to becoming a real estate investor.

This action-packed guide to flipping houses takes the guesswork out of wholesaling and gives you a step-by-step plan to start successfully doing deals and making money.

Check out this wholesaling real estate book on Amazon.

2. “If You Can’t Wholesale After This… I’ve Got Nothing for You” by Todd Fleming

This book is about the author’s personal journey from a mere $11 in his bank account to real estate success.

There’s a gold mine of information here for anyone looking to break free from the rat race and forge a new path in real estate, regardless of your financial background.

Take a look at this wholesaling real estate book on Amazon.

3. “The Secret to Wholesaling Real Estate Virtually!” by King Khang (nope, not King Kong😂)

It’s a story of resilience and triumph, from living in a shed to building a 6-figure monthly business. This book is your go-to for mastering virtual wholesaling, from finding motivated sellers to honing your negotiation skills.

You can find this wholesaling real estate book on Amazon.

4. “The Real Estate Wholesaling Bible” by Than Merrill

This read is all about minimizing risks and maximizing profits, even in tough markets. It’s a must for anyone looking to understand the mechanics of wholesaling and develop a successful, system-dependent business.

And yep, this wholesale real estate book’s also on Amazon.

So…

Whether you’re just starting out or looking to up your game, these books are sure to be your faithful companions on your real estate journey.

Now then, let’s get to some of these helpful details about wholesaling. Full speed ahead!

What Is Wholesale Real Estate?

So, what exactly is the deal with wholesale real estate? Wholesale real estate is all about contracts NOT buying physical properties.

So, imagine you come across a property that’s not in the best shape…

It’s the kind that needs some work, maybe a lot of it. But here’s where you shine as a wholesaler. You don’t have to buy this property. Instead, you make a deal with the seller to get the house under contract… and find a buyer for it within a specific time frame.

In short, wholesale real estate is about identifying opportunities, striking deals, and acting as the bridge between a property in need of love and/or a motivated seller and an investor.

Super important detail: When you, as a wholesaler, are ready to unload a property, you market the contract NOT the actual house. The latter is illegal brokering. Steer clear!

Overall, wholesale real estate is an exciting and accessible way to engage with the real estate market — and it could lead to some seriously rewarding outcomes!

How Does Wholesale Real Estate Work?

Alrighty, let’s jump into how wholesale real estate actually works. We touched on it above, but let’s get a bit more in-depth so you can see how it all comes together.

Here’s the simple breakdown:

Contract Time: First, you, the wholesaler, find a property or search for what a cash buyer has told you he/she is interested in. But this isn’t just any property — it’s often one that’s seen better days or has a seller who’s motivated by something. That something could be a divorce and the spouses decided neither gets the property or job loss and the owner can’t afford it anymore. There are loads of reasons why a seller becomes motivated, which is crucial to wholesale real estate deals. Now, when you get a property under contract with the seller, that’s basically saying, “Hey, I might have someone, an end-buyer, who wants to buy your house.”

Find a Buyer or Motivated Seller: Next up, you’re on the hunt for an investor-buyer who’s interested in the property. Or, they already told you the types of deals they’re interested in, and you go out and find deals that fit those criteria. (Those criteria are often things like location, rent amounts, # of bed/baths, school district, etc.) This is where your networking skills come into play.

Assign and Earn: Once you’ve found an investor or the right property for a specific investor, you assign them your rights in the contract. Here’s the cool part: You assign the contract over to them at a higher price than your contract with the seller. The difference b/n the two? That’s your profit. Pretty sweet, huh? For example, you’re agreement contract with the seller is for $100k. But you and your investor agreed to $115k. So you scoop up a handsome $15k profit. Rinse and repeat!

Now remember, as a wholesaler, you’re the middleperson. Your job is to bring together the motivated seller and the investor-buyer.

The best part?

You don’t have to worry about renovations or the costs that come with flipping houses. Your tool of the trade is your ability to spot opportunities in motivated sellers and connect people.

How to Get Started in Wholesale Real Estate

So, how do you start playing this real estate matchmaker game?

Here’s a quick overview to get the ball rolling:

Get the Right Paperwork

First things first, get your contracts and paperwork sorted. And no, we’re not talking about those generic forms from the office supply store. It’s worth investing in good contracts prepared by a real estate attorney in your state. Trust me, it’s a smart move.

Finding Motivated Sellers

Now, the hunt begins. Here are a few ways of the many to find motivated sellers: You can buy specific online lists (perhaps absentee owners or probate), dig into the MLS for properties that are over 90 days on the market and owned free and clear, or drive neighborhoods looking for properties that seem run-down, not well kept, or hit by tough times. Once you land on a potential property, use property tax records to find and contact the actual owner.

Remember, tact is key here. You’re not just looking for houses; you’re reaching out to people, so be kind and respectful.

Shop for What Buyers Want

Now, as I mentioned above, instead of searching for motivated sellers, many wholesalers create their buyers list first. They ask those buyers what types of deals they want, then the wholesaler goes in search of that specific type of property. Again, often based on location, size, rental profit potential, etc.

Finding Buyers

This part can be fun! Attend local real estate networking events or even chat with friends and family. Hop on real estate investing Facebook pages in the market you’re interested in. Anyone wanting to fix up properties to sell or rent could be your potential buyer.

Learn the Ropes

If you’re new to this, consider working with a mentor. They can show you the ropes, especially when it comes to the delicate art of talking to sellers and finding buyers. Keep in mind that every wholesaler has their own style and approach — one that’s been tailored to their local market conditions.

So don’t be afraid to carve out your own path in the wholesale real estate world. It’s all about finding what works for you and running with it.

The Bottom Line: The Best Wholesale Real Estate Books of 2024

The books highlighted here today arm you with a stellar reading list. Along with the Awesomely site and training programs, they’re your secret weapon to conquering the wholesale real estate universe.

So, grab a book and start turning those pages. You’re about to forge a path of success on your journey to becoming a wholesale real estate pro!