Real Estate

How To Profit From Real Estate By Wholesaling

Real estate wholesaling is a complete business unto itself and generates super-quick profits, usually without acquiring title to the property. It is not uncommon to collect a check at closing, with the seller and buyer present at the same time. Many times I have made thousands of dollars within two or three days of finding an offer. Successful people in the wholesale business are able to find good deals and market them, primarily to people who are in the rehab and retail business. The first buyer is willing to make a quicker, smaller profit and leave the biggest profit to an investor over time and money to buy, repair, and stay in the home until it is sold.

Some people make a good income by buying and then immediately reselling just once or twice a month. These agreements do not require money, credit, or bosses. Believe me, if you find an offer, someone is waiting to buy it for you.

Finding bargains for bargain hunters is the easiest and fastest way I know of to withdraw a check for at least $ 5,000. The entire process should take no more than 15-20 days from start to finish. Here are some tips for wholesaling:

1. Don’t pay too much. Remember, you are selling to bargain hunters. Leave them plenty of room to make a profit or you won’t find a buyer. That means they must get at least 20 percent of the sales price after all expenses.

2. Your only way out is to quickly sell all the cash. Make sure your buyers can get the cash and are not dependent on bank financing. Don’t let buyers know that banks won’t finance junkers at your expense. If a buyer can’t close in 15 days or less, find another buyer.

3. Use a contract release and let your closing agent collect your fee.

There really isn’t much to learn about wholesaling. It is a simple real estate business. Many people are making between one and ten deals a month and making a decent profit. Some earn more from a wholesale sale than most people earn in a year from their job.

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