Wholesale real estate investing may sound pretty straightforward, but it’s not—that’s why there is still quite a large market for it. So what is real estate wholesaling?
Wholesaling is one of the ways to get your foot in the door of real estate that requires minimal capital but maximum knowledge. As a wholesaler, you will scout for property that is in need of some TLC and approach the current home owners with the prospect of selling.
Should they be interested, instead of renovating or flipping the property yourself, you’ll mediate the sale from the current owner to the buyer, who would then renovate the property as their own investment to sell from there on.
That sounds similar to a real estate sales agent, doesn’t it? The main difference, however, is that the properties you scout have not yet been advertised or listed publicly, which is known as “off-market” in the real estate industry.
As simple as that sounds, there are other factors that need to be taken into consideration. We have compiled a list of the best books on wholesale real estate that will not only familiarize you with the concept, but help you pave your way to success as a wholesaler, too.
Wholesale Real Estate: The Best Books to Success
The Real Estate Wholesaling Bible: The Fastest, Easiest Way to Get Started in Real Estate Investing by Than Merrill
By suggesting the same approach as day trading to wholesaling, Merrill finds a way to simplify the art of wholesale real estate in such a way that it caters to experienced professionals as well as beginners with no background in the industry.
Merrill is a firm believer in the fact that success is not just about making a profit, but also having the time to enjoy your passion and the life that goes with it, and it’s because of that ideal that this book is the first recommendation of our best books list. If you want a book that incorporates the real estate digital nomad ethos, this is the book to start with.
If You Can’t Wholesale After This: I’ve Got Nothing for You by Todd M. Fleming
Not only is he the #1 Real Estate best-selling author, but Fleming’s goal in life is to eliminate the economical struggles of others by providing financial training and education on how to build prosperity into their lifestyles.
As the first of its series, this book is compiled into a step-by-step guide that will allow you to successfully close your first deal without the use of any personal financing and provide you the opportunity to break free from the “survival of the fittest” way of life. If you have no capital or are just young in the game without cash, you want to learn about using OPM (other people’s money) with this book.
Wholesaling Real Estate: A Beginner’s Guide by Brent D. Driscoll
It may not look like your typical how-to book with only 74 pages of content, but that’s because Driscoll provides a concise, direct guide on wholesale real estate by replacing potential figures and probabilities with hard facts and proven methods. From client sourcing system creations to making offers and getting paid, everything a beginner needs when it comes to wholesaling real estate can be found inside this book. If you want a book that is quick and easy because you are itching to start, you can hit the ground running with this little banger.
The Beginner’s Guide to Wholesaling Real Estate: A Step-By-Step System for Wholesale Real Estate Investing by Jeff Leighton
Being a real estate investor and broker himself, Leighton provides you with a successful step-by-step guide to wholesale real estate with a focus on flipping houses. Not only have these methods proven successful, but they are delivered with clear, direct instructions that get straight to the point. If you are new to real estate investing and somewhat overwhelmed with all the information available out there, this book is the one you need. If you don’t have much of a real estate or economics background, we suggest reading this book since it explains things in a ELI5 (explain like I’m 5 years old) manner.
Everything Wholesaling: The Ultimate Guide to Wholesaling Real Estate by Carol D. Stinson
Written as an informational guide with the added advantage of needing absolutely no finance or risk, Stinson provides proven methods in real estate wholesaling that ensures successful return on your investments. You’ll learn how to find estate properties ahead of everybody else so that you can boost your profit and stay ahead of your competition in your market. Using both standard as well as creative strategies based on recent market trends, this book will guide you in everything you need to know to successfully close deals on all your real estate sales. If you aren’t the smoothest talker on the phone or in person, this book will help you discover other create ways to generate leads.
The Art of Wholesaling Properties: How to Buy and Sell Real Estate Without Cash or Credit by Aram Shah and Alex Virelles
What better way to learn the art of wholesaling than from the real life experiences of the nation’s two largest real estate wholesalers and flippers? Using their proven methods of success for more than a thousand homes, this book serves as an A-to-Z guide to flipping paper in the real estate market that gives investors the insights they need to use it to their advantage, quickly and efficiently. If you want to be the best, you have got to learn from the best. This is how the best do it and they share the strategies within this read.
How to Become a Wholesale Millionaire by Mark E. Lane
Not only will you be shown how to find real estate agents, attorneys, title companies, and investors, but you will also learn how to build a market in any city straight from your computer. From script examples of what to say and to whom, and to automated wholesales, Lane details his proven, systematic methods that will leave you with time to spare for other activities. This is another book that shares the real estate digital nomad ethos that provides time freedom for your other passions in life.
The Wholesaling Blueprint: Real Estate Investing with No Money out of Your Pocket by Luke Weber
Winning the silver medal for readers’ favorite, Weber has written this book as a literal blueprint textbook that also includes contract templates for you to use. From fine-tuning the art of finding the right properties, to finding a buyer and collecting your profit, Weber uses his near 20 years of experience in the industry to provide you with all the information that will help you start, manage, and generate a profit of all your wholesale real estate investments. If you are a data-driven type, this book will help you gain an edge against your competitors.
The Book on Investing in Real Estate With No (and Low) Money Down: Creative Strategies for Investing in Real Estate Using Other People’s Money by Brandon Turner
With more than 700 rental properties, as well as a few restorations to his name, Turner brings you a book with several strategies on how to leverage your initial investment for amazing returns. One of the unique aspects of this book is that it not only highlights the positives of creative investing, but informs you of potential downsides, as well as creating awareness and goals for your real estate investments. Since Turner has published more books on other forms of real estate investing too, you can be sure that everything you read in this one will be on the mark. If you are the “risk it for the biscuit” types, you may want to read this banger. As always, be careful with “Ladies, Liquor, and Leverage” as Warren Buffet famously said.
The Best Wholesaling Book Ever by Carlos Reyes, Sal Shakir, and Alex Saenz (with Carson Jones)
Everything you need to know about wholesaling can be found between the pages of this book, not to mention some marketing techniques and scripts that actually work. Whether you are completely new to real estate wholesale or a professional looking to up your game, the authors have provided business-building strategies and wholesale tips that will make all your real estate investments a huge success. If you are looking to brush up on wholesaling or want a solid overview of the game, this is the book to do it.
In Summary
Wholesale real estate can be tricky, and with all the information out there it’s hard to tell whose processes are the ones that work.
Fortunately, this list of books will give you access to all the information you will ever need for success.
Whether you are looking for some quick tips to add to your existing business, step-by-step detailed guides to start one, or anywhere in between, any of these books will set you on the path to experience the feeling of being a successful real estate wholesaler.
I remember when I first set my mind to become a successful real estate entrepreneur, reading books were the fastest way to consume information. Now it’s even easier with my Audible and Kindle because I can listen when I’m on the road or load dozens of books on a single device. I know you will become successful too as you have taken the time to get this far, cheers to your journey!
Before you go, check out my other list sharing the 10 Best Books for New Real Estate Agents