Wholesaling is the quickest and easiest way to make a sale in Real Estate. It is less hassles, with almost no money needed to close on a contract. If you want to make money without putting out money, Wholesaling is the way to go!
Here is what to do. Start prospecting for wholesale buyers and sellers. Don't wait until you have found a property to wholesale before you start locating a buyer. Talk to people. Talk to your friends, business associates, your competitors. Do networking and meet new people. If they are not buying or selling, they can lead you to people who are, and they will know who to go to when they will be buying or selling in the future. It is always good to build relationships with people you might do business with later.
Join your local Real Estate Investment Club (REI). You will meet other investors in the business and you can get some information you might need about the market. Your REI club is truly one of your better resources that you should take advantage of.
Put up "We buy houses" signs in some key areas. Put up as many as you can. It is a sure way to get people to call you and be careful not to break the law. In other words the calls you might be getting are ones that you do not want.
Run ads in your local paper. It is one great way to find investors.
Once you find a good deal, secure the property with a Contract to Purchase or Option to purchase. You may file a Memorandum or Affidavit which states that you have a Contract to Purchase or Option to Purchase, with a legal description of the property to make known to the public your interest of the property, so as to avoid the seller selling the property to someone else while under contract.
You have several options that you can do:
* If you already have a buyer:
> Have the Buyer close on the contract > Close with the Seller first, and then close with the Buyer > Do the reverse and close with the Buyer first, then close with the seller > Do the direct deeding approach, where the seller deeds the property over to the buyer directly
* If your buyer is not ready to close on your contract, you can close the purchase and hold on to the property until such time the resale can be done, providing, of course, that you have the financial resources to do so. This option requires the ability to close.
To ensure the success of your transactions done in the most expedient way, have a Closing Attorney or Escrow Agent who can execute the transactions with the least amount of problems.
Wholesaling is a great profitable business, one that is definitely worth looking into.
Happy Wholesaling!
Here is what to do. Start prospecting for wholesale buyers and sellers. Don't wait until you have found a property to wholesale before you start locating a buyer. Talk to people. Talk to your friends, business associates, your competitors. Do networking and meet new people. If they are not buying or selling, they can lead you to people who are, and they will know who to go to when they will be buying or selling in the future. It is always good to build relationships with people you might do business with later.
Join your local Real Estate Investment Club (REI). You will meet other investors in the business and you can get some information you might need about the market. Your REI club is truly one of your better resources that you should take advantage of.
Put up "We buy houses" signs in some key areas. Put up as many as you can. It is a sure way to get people to call you and be careful not to break the law. In other words the calls you might be getting are ones that you do not want.
Run ads in your local paper. It is one great way to find investors.
Once you find a good deal, secure the property with a Contract to Purchase or Option to purchase. You may file a Memorandum or Affidavit which states that you have a Contract to Purchase or Option to Purchase, with a legal description of the property to make known to the public your interest of the property, so as to avoid the seller selling the property to someone else while under contract.
You have several options that you can do:
* If you already have a buyer:
> Have the Buyer close on the contract > Close with the Seller first, and then close with the Buyer > Do the reverse and close with the Buyer first, then close with the seller > Do the direct deeding approach, where the seller deeds the property over to the buyer directly
* If your buyer is not ready to close on your contract, you can close the purchase and hold on to the property until such time the resale can be done, providing, of course, that you have the financial resources to do so. This option requires the ability to close.
To ensure the success of your transactions done in the most expedient way, have a Closing Attorney or Escrow Agent who can execute the transactions with the least amount of problems.
Wholesaling is a great profitable business, one that is definitely worth looking into.
Happy Wholesaling!
About the Author:
Real Estate Investing Is a great way to push for the future!! Magnificent Real Estate Investing Tips Inside!! There is ALWAYS TONS of Money to be made in Real Estate Investing
sell property fast
No comments:
Post a Comment