Wholesaling houses is the act of placing a property under contract and then assigning that contract to another buyer. It has been one of the most popular forms of real estate investing in recent years because it promises great investment returns without the having need to make big risks. Because an investor is not really buying a property per se, he doesn’t have to invest a huge amount of money and make tough decisions that could make or break his career.
One of the major concerns of a wholesaler, however, is to find motivated home sellers who are willing to have their properties placed under contract. Motivated home sellers are those people who are in need of cash and are willing to sell their properties at below the market prices. Usually, they don’t ask for a higher selling price. As long as they could get rid of the property as quickly as possible, they won’t pressure the buyer to pay a bigger amount of money.
If you are involved in the business of wholesaling houses, one of the easiest ways to find motivated home sellers is to place an ad on the local newspaper. By allowing these people to call you, you won’t have to go from one house to another just to find good leads. Reading the classified ads can help, too, since some home sellers might be doing the same thing as you do to find buyers for their properties.
Visit the neighborhood you want to invest in and look for FSBO signs. According to some real estate experts, such a strategy can help you find good deals since most FSBO (for sale by owner) homes are poorly advertised. This can be used to your advantage because there is a big chance that you’re the first real estate investor to talk to the owners of these properties.
Always remember that in order to succeed in real estate investing, you should have leads to motivated home sellers. These people can make big contributions to your career as a real estate investor. Meanwhile, to learn more useful tips regarding real estate investing and wholesaling houses, visit www.Rehablist.com.
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