The #1 Real Estate Investing Technique Used to Make Quick Profits
Wholesaling is considered to be a complete business on its own in the real estate industry.
You can produce quick profits even before obtaining the title for the property.
Normally, you would pick your check up at closing but it is also just as easy to make thousands of dollars in a week when you find a good deal.
Finding excellent deals is the key to being successful in the wholesale business along with effective marketing to other real estate investors.
It has been determined from experience that the first buyer to respond to your marketing ad normally accepts less profit fast allowing larger revenue for an investor that provides time and money to buy, repair and sell the house.
Most can make a good profit from buying the property then selling it right away but can be limited to once or twice a month.
Wholesaling deals do not require the use of credit or money but it does depend on the effort you put into it.
As long as you find deals there is always someone wanting to buy them.
Finding a good deal and a buyer is not a difficult task.
Typically a good deal or a bargain is at least $5000 - $6000.
The process of wholesaling normally takes approximately 20 days from the very beginning till the end.
Here are two tips to help you with your wholesale deals.
Do not pay too much.
Be mindful that you are selling to bargain hunters and they need profit room otherwise the investor is not interested.
It means that they should not net more than 20 percent of the sales price after all the expenses.
The strategy should be selling the home for cash only.
You must make sure that your buyer can get you the cash payment and is not relying on bank finance because they may not qualify.
If the buyer cannot close in less than 15 days you should look for another buyer.
You can use an assignment of contract and your closing agent can collect your fee for you.
As previously stated in this article; wholesaling is not difficult and you don't need to be a real estate agent to get involved.
It completely depends on you and how much wealth you want to generate.
There are people closing 10 or more deals a month, self employed and able to provide for their families.
It is an option in this market that will allow you to make thousands of dollars in just few days.
You can produce quick profits even before obtaining the title for the property.
Normally, you would pick your check up at closing but it is also just as easy to make thousands of dollars in a week when you find a good deal.
Finding excellent deals is the key to being successful in the wholesale business along with effective marketing to other real estate investors.
It has been determined from experience that the first buyer to respond to your marketing ad normally accepts less profit fast allowing larger revenue for an investor that provides time and money to buy, repair and sell the house.
Most can make a good profit from buying the property then selling it right away but can be limited to once or twice a month.
Wholesaling deals do not require the use of credit or money but it does depend on the effort you put into it.
As long as you find deals there is always someone wanting to buy them.
Finding a good deal and a buyer is not a difficult task.
Typically a good deal or a bargain is at least $5000 - $6000.
The process of wholesaling normally takes approximately 20 days from the very beginning till the end.
Here are two tips to help you with your wholesale deals.
Do not pay too much.
Be mindful that you are selling to bargain hunters and they need profit room otherwise the investor is not interested.
It means that they should not net more than 20 percent of the sales price after all the expenses.
The strategy should be selling the home for cash only.
You must make sure that your buyer can get you the cash payment and is not relying on bank finance because they may not qualify.
If the buyer cannot close in less than 15 days you should look for another buyer.
You can use an assignment of contract and your closing agent can collect your fee for you.
As previously stated in this article; wholesaling is not difficult and you don't need to be a real estate agent to get involved.
It completely depends on you and how much wealth you want to generate.
There are people closing 10 or more deals a month, self employed and able to provide for their families.
It is an option in this market that will allow you to make thousands of dollars in just few days.
