Jun 5, 2006, 11:39,
Wholesaling hoses is a novel way of increasing the cash flow from you real estate investing business. The returns from wholesaling deals are faster and better and help you to maintain a positive cash flow.
Mar 3, 2006, 09:20,
This summer, I put a "junker" property under contract for $7,000. It had an "after repaired"
value of $45,000 and needed about $12,000 in work. This seemed like a classic wholesale deal,
but I was unable to find a buyer at $10,000 before my inspection period ran out. I chickened out
and exercised a contingency to get out of the contract. I'm very sure of my numbers and I'm sure
this would have been a great deal for someone at $10,000. That lost profit has been haunting me
for months. What can I do next time?
Nov 23, 2005, 14:17,
Unusual properties can be very profitable for the REO investor. From time to time, the Small Business Administration (SBA) will have a foreclosure. Such properties were originally used as security for loans to start businesses. Should the business fail, the SBA will have an REO (foreclosed home) on its hands. The properties may be located in better than average areas, so pursue this source and stay on the mailing list.
Nov 23, 2005, 14:12,
REO have advantages and disadvantages for the foreclosure buyers. The big advantage in buying REO from the bank is that the lender has the ability to restructure the loan with favorable terms, lower interest rates, and long payment schedules. It is also possible to negotiate low down payments of approximately 5 to 10 percent, and bargain for a waiver of points and fees. There is a good possibility that the lender will even offer a discounted purchase price. But none of these advantages is guaranteed. The disadvantage is that if no member of the public bids at the Trustee’s / Sheriff’s Sale, the lender may have lent too much on the property or the property might be losing value for some other reason.
Nov 18, 2005, 22:01,
Real estate wholesale property is not a guaranteed “get rich quick” plan, but there’s no doubt there’s money to be made from real estate wholesale deals. The key is to learn to evaluate the property to be sure it represents a good deal for you. One of the most important steps in this process is to get to know the agent or agents who are feeding you real estate wholesale property deals. Here’s why.
Nov 12, 2005, 13:57,
Wholesale real estate deals sound like an awesome opportunity, but how do you find those deals?
Oct 21, 2005, 17:31,
Wholesale real estate is a way to turn around some quick cash on a regular basis without a huge investment. But you don’t have to find the cheapest properties to make a profit in wholesale real estate.
Sep 6, 2005, 17:52,
One of the most effective ways to find a wholesale property is to look for foreclosures. When property owners fail to make the monthly payments on their mortgages, their loans become delinquent. Each lending institution has different guidelines for handling delinquencies.
Jun 15, 2005, 23:41,
Wholesaling is an absolutely fantastic way to earn money quickly as you begin to grow your Real Estate business. However, what you don't always get is the "realistic" side of wholesaling, especially when you are beginning.
May 19, 2005, 10:50,
How do you find a house for ten or twenty thousand dollars?
In three steps:
May 14, 2005, 20:35,
Let me ask this one question that should be basic to every real estate investor: What is the key to being successful in real estate investing every month and every year? The answer lies in one simple but very powerful word:
May 13, 2005, 09:50,
A great fear that people who are venturing into the Wholesaling business have is whether or not they are going to be able to sell the homes that they put under contract. “Find the Deals and the Money will Come” is a popular phrase amongst investors. But when you have never done a wholesale deal, it is a very difficult phrase to grasp and to put faith into. Consequently some Wholesalers refuse to get started until they have the buyers and the money lined up. Then they want to know how to put together a wholesale buyers list without anything to sell.
May 11, 2005, 11:55,
Once in a blue moon you’ll get the same type of problem, or rather should I say “OPPORTUNITY” to wholesale a property but seemingly you run into a brick wall. Ok, here’s the scenario:
May 11, 2005, 11:52,
Probably the one question I get asked the most on wholesaling is, “can that work in my area?”. Let me try to hold my emotions here and to sum this up in one word “YES”!!!! Wholesaling great deals knows no city, county or state boundaries and deals are where you find them.
May 9, 2005, 10:51,
Having written a course on wholesaling, I get a ton of e-mails from people who ask me questions about making offers and what they might be doing wrong. Many of the e-mails that I receive read something like this:
May 4, 2005, 12:45,
I have been asked numerous times about how I get buyers into a home that I’m wholesaling. Well, I’ve decided to finally put some tips into an article and show you the numerous methods that have worked for me.