How to Find wholesale properties, Often investors want ways, other than standing at the court house steps and/or purchasing REOs, to flip homes for a larger profit. Finding a local wholesaler to work with is a great way to solve this problem. Wholesalers deal with a variety of different types of properties from fixers, to turnkey properties, to distressed homes, distressed situations, vacant properties, handyman specials, etc. etc. A lot of times you can find specifically what you are looking for less money working with a local wholesaler than bidding at the court house steps or purchasing REOs from banks. Most wholesalers have exactly what you are looking for, and if they do not, it does not take them long to get the right property in their inventory, usually within days. Most wholesalers are also very personable people and would be an invaluable asset to your real estate investing team.
Showing posts with label Wholesale Properties. Show all posts
Showing posts with label Wholesale Properties. Show all posts
Tuesday, June 4, 2013
Wholesale Properties #2
How to Find Wholesale Properties As "Bird Dog" or Investor, as a real estate investor or as a 'bird dog" what kind of property should you look for? Obviously you need to look for that wholesale deal, but what really makes up a wholesale deal? What kind of wholesale property do you need to look for?
The anatomy of a wholesale deal is made up of the following; distressed property, or distressed seller, or both. In any case owning the property is a big problem for the seller so he/she will discount it to get it sold quickly.
Wholesale Properties
Buying and Selling Wholesale Properties, wholesaling property is an interesting field to get into, and there are many aspects to learn. What is wholesaling property? It involves buying properties at prices where the real estate will sell quickly, and the property is fixed and flipped (or just flipped to have someone else fix it). In this market, this is the fastest way to sell a house. The property typically gets sold to a contractor or somebody who can fix the property up and then sell it at a profit in the retail market. A wholesaler can target particular areas, or buy over the internet in different states through programs like HUD (Department of Housing and Urban Development).
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