Thursday, 18 September 2008

Local investor makes money but would not know how to find deals

By Jesse Davis

sell property fast

In my area one will find quite a few investors who make a bunch of money, but if you ask them what their secret is to finding their deals they will tell you that they don't know how.

What investors will tell you is they are not looking themselves, they let the local wholesaler find good deals. There are several investors around who buy from me, a wholesaler, over and over again. Sometimes I feel like I am missing out when I hear about how much money they are making on the homes that I sell them; but that is just the way it is.

These lucky investors decided that I didn't feel comfortable selling properties to home owners, and they figured out that I had no desire to make a huge profit on a deal. I just wanted to make a few thousand and do that a bunch of times each month.

Most of the investors knew that in order for me to make a living, I had to move properties fast. Unlike them, my full time job is buying and selling houses. They already have other jobs, so they did not have the time to find the deals that I brought to them.

To sum up, if you want to make a lot of money in real estate yet you don't have the time to look for the deals, buy from the guy who is selling 5-10 properties a month and runs a volume-based business. If you don't, you will soon find out the most you will save is a few thousand bucks, but the time it will take you will not be worth it.

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