They also will sell
properties at wholesale prices to other renovators to make a quick profit.
It is when you buy and sell
properties at wholesale prices, often sight unseen, from long - distances using computers, tablets, smart phones, online references along with local help when you can get it.
Imagine getting into multi-family investment
properties at wholesale prices... You get a quality property with great cash flow!
Here's the exception to that idea: If a seller is so motivated that they want to sell
their property at a wholesale price, even after you inform them of the retail FMV of the property, an ethical investor / agent could buy the property and satisfy their client's desire for a quick sale and would list the property as a presold listing and give the broker their share of the deal.
Not exact matches
That
property could then be sold
at a
wholesale price by the investor / agent.
You've probably hear that
wholesaling houses is all about «finding bargain
properties and passing them along to bargain hunters
at a great
price».
By relying on the knowledge of the experts, you can simply be the investor by purchasing
properties prepared for you,
at wholesale pricing.
Love what you do to make money
at your JOB hang out with doers and not talkers, have a good team of money contacts and REI services people (e.g. agents that own rental
properties) learn private money and OPM (read trustetc.com), walk through 200 open houses and track sold
prices, know market rents by talking to
property managers find a good RE CPA that knows rentals
at your REIA find a good RE Eviction Attorney
at your REIA Know how to construct a
Wholesale offer, a CFD offer, a LO offer, a Wrap - AITD offer (not all are available in every state) Know your landlord tenant law Learn how to go give a speech (www.toastmasters.com) Learn how to write a blog Learn how to door knock and offer a Letter of Intent Learn how to prospect, present, sell and close (Tom Hopkins, Zig Ziggler) Get referrals and send Thank you cards Read «Swim with the Sharks» by Harvey McKay
I've been lucky to find a local investor who had an inventory of
properties built up that he has been
wholesaling to me
at a much more decent
price than a lot of the other large
wholesale companies out here.