Investing in real estate is one of the greatest ways to spend your hard-earned savings. Although some people might tell you that you have just doomed yourself by doing such a move, many experts would probably applaud and praise you for your decision. It is because according to them, now is the perfect time to try real estate investing.
Because of the recent housing bubble and the ongoing economic recession, prices of real estate have gone down significantly. Although such a scenario paints an ugly picture of the country’s current financial status, it provides real estate investors with the opportunity to obtain great and nice-looking investment properties at very affordable prices. So if you want to get your hands on such lovely but inexpensive houses, then you should invest in real estate now.
There are three common ways to invest in real estate. The first method is by flipping houses. Flipping is the act of buying and quickly selling properties for profit. Real estate investors usually purchase undervalued houses before selling them at a slightly marked up price. Contrary to what some people, believe, this type of real estate investing is not against the law. Flipping is considered illegal only when it involves mortgage fraud or when an investor colludes with appraisers to inflate a property’s market value.
As the name implies, rehabbing homes if the process of buying and fixing up a distressed house before selling it at a higher price. While most rehabbers hire contractors to help them renovate a property, there are some who carry out the repair job on their own.
Such a move, however, is considered risky by some investors because you can’t entirely be sure that the buyer will be satisfied with the amount of effort you put on the property’s repairs.
The third method is to wholesale houses. Wholesaling in the real estate business is basically the process of placing a property under contract and then selling the said contract to a third party.
According to many wholesalers, this type of real estate investing is risk-free. Because you’re not really buying a property, you don’t need to have cash on hand or obtain loans. Thus, you don’t have to worry about losing money in this business.
To become a successful real estate investor, meanwhile, you have to possess the right knowledge that could help boost your investing business. Therefore, you should visit www.RehabList.com where you can learn valuable real estate investing tips and meet like-minded people.
Showing posts with label real estate investor. Show all posts
Showing posts with label real estate investor. Show all posts
Tuesday, November 10, 2009
How to Wholesale House
If you are considering a change of career, you might want to consider becoming a real estate investor. Investing in real estate is one of the surest ways to earn big profits and recent data showed that unlike in other key industries, there is still big money to be made in the housing business despite the ongoing economic downturn.
One of the fastest ways to rack up big profits in the real estate industry is by wholesaling houses. This type of real estate investing involves the process of placing a property under contract and then assigning the said contract to another buyer. A wholesaler basically serves as a middleman between a home seller and a buyer because he is the one who facilitates the transfer of the property from one person to the other.
The first task of a wholesaler is to find houses that he will put under contract. A good source of such properties is a motivated home seller. According to real estate experts, motivated home sellers are those people who are in need of quick cash and are willing to sell their properties at very low prices. It is because they are in a hurry to get rid of their properties because of a number of reasons that may include divorce, relocation to a new city or county, or financial problems.
Once the negotiations with a motivated home seller are complete, the next phase of wholesaling houses is finding end buyers. Because of recent technology, searching for end buyers is relatively easy nowadays. A wholesaler can easily find the person who will buy the contract by posting an ad on the Internet or running an advertisement on the local newspaper.
Joining a real estate investing club can help, too. By interacting with numerous people of the same profession, a wholesaler can get recommendations or leads to investors who might be looking for investment properties that they could flip or rehab.
One of the most important things that a wholesaler should remember before closing a deal is that he should always check if the buyer is really capable of closing the transaction. Because it is his name that’s on the line, a wholesaler has to make sure that the motivated home seller will get what he or she is hoping for. Therefore, he should verify the buyer’s source of income or conduct a simple credit check.
If you’re looking for a lucrative way to earn money, then you should try wholesaling. An investor usually earns between $5,000 and $20,000 at the end of every wholesaling deal. In addition, he doesn’t have to spend thousands of money just to start in this business because he is not technically buying investment properties. Thus, being a wholesaler is a great way to earn big bucks because it can give you a lot of great opportunities without exposing you to big financial risks.
Meanwhile, if you want to learn more wholesaling secrets and tips, visit www.RehabList.com.
One of the fastest ways to rack up big profits in the real estate industry is by wholesaling houses. This type of real estate investing involves the process of placing a property under contract and then assigning the said contract to another buyer. A wholesaler basically serves as a middleman between a home seller and a buyer because he is the one who facilitates the transfer of the property from one person to the other.
The first task of a wholesaler is to find houses that he will put under contract. A good source of such properties is a motivated home seller. According to real estate experts, motivated home sellers are those people who are in need of quick cash and are willing to sell their properties at very low prices. It is because they are in a hurry to get rid of their properties because of a number of reasons that may include divorce, relocation to a new city or county, or financial problems.
Once the negotiations with a motivated home seller are complete, the next phase of wholesaling houses is finding end buyers. Because of recent technology, searching for end buyers is relatively easy nowadays. A wholesaler can easily find the person who will buy the contract by posting an ad on the Internet or running an advertisement on the local newspaper.
Joining a real estate investing club can help, too. By interacting with numerous people of the same profession, a wholesaler can get recommendations or leads to investors who might be looking for investment properties that they could flip or rehab.
One of the most important things that a wholesaler should remember before closing a deal is that he should always check if the buyer is really capable of closing the transaction. Because it is his name that’s on the line, a wholesaler has to make sure that the motivated home seller will get what he or she is hoping for. Therefore, he should verify the buyer’s source of income or conduct a simple credit check.
If you’re looking for a lucrative way to earn money, then you should try wholesaling. An investor usually earns between $5,000 and $20,000 at the end of every wholesaling deal. In addition, he doesn’t have to spend thousands of money just to start in this business because he is not technically buying investment properties. Thus, being a wholesaler is a great way to earn big bucks because it can give you a lot of great opportunities without exposing you to big financial risks.
Meanwhile, if you want to learn more wholesaling secrets and tips, visit www.RehabList.com.
Monday, November 9, 2009
You and Real Estate Investing
Investing in real estate is one of the greatest ways to spend your hard-earned savings. Although some people might tell you that you have just doomed yourself by doing such a move, many experts would probably applaud and praise you for your decision. It is because according to them, now is the perfect time to try real estate investing. Because of the recent housing bubble and the ongoing economic recession, prices of real estate have gone down significantly.
Although such a scenario paints an ugly picture of the country’s current financial status, it provides real estate investors with the opportunity to obtain great and nice-looking investment properties at very affordable prices. So if you want to get your hands on such lovely but inexpensive houses, then you should invest in real estate now. There are three common ways to invest in real estate.
The first method is by flipping houses. Flipping is the act of buying and quickly selling properties for profit. Real estate investors usually purchase undervalued houses before selling them at a slightly marked up price.
Contrary to what some people, believe, this type of real estate investing is not against the law.
Flipping is considered illegal only when it involves mortgage fraud or when an investor colludes with appraisers to inflate a property’s market value. As the name implies, rehabbing homes if the process of buying and fixing up a distressed house before selling it at a higher price.
While most rehabbers hire contractors to help them renovate a property, there are some who carry out the repair job on their own. Such a move, however, is considered risky by some investors because you can’t entirely be sure that the buyer will be satisfied with the amount of effort you put on the property’s repairs. The third method is to wholesale houses.
Wholesaling in the real estate business is basically the process of placing a property under contract and then selling the said contract to a third party.
According to many wholesalers, this type of real estate investing is risk-free. Because you’re not really buying a property, you don’t need to have cash on hand or obtain loans. Thus, you don’t have to worry about losing money in this business.
To become a successful real estate investor, meanwhile, you have to possess the right knowledge that could help boost your investing business.
Therefore, you should visit www.RehabList.com where you can learn valuable real estate investing tips and meet like-minded people.
Although such a scenario paints an ugly picture of the country’s current financial status, it provides real estate investors with the opportunity to obtain great and nice-looking investment properties at very affordable prices. So if you want to get your hands on such lovely but inexpensive houses, then you should invest in real estate now. There are three common ways to invest in real estate.
The first method is by flipping houses. Flipping is the act of buying and quickly selling properties for profit. Real estate investors usually purchase undervalued houses before selling them at a slightly marked up price.
Contrary to what some people, believe, this type of real estate investing is not against the law.
Flipping is considered illegal only when it involves mortgage fraud or when an investor colludes with appraisers to inflate a property’s market value. As the name implies, rehabbing homes if the process of buying and fixing up a distressed house before selling it at a higher price.
While most rehabbers hire contractors to help them renovate a property, there are some who carry out the repair job on their own. Such a move, however, is considered risky by some investors because you can’t entirely be sure that the buyer will be satisfied with the amount of effort you put on the property’s repairs. The third method is to wholesale houses.
Wholesaling in the real estate business is basically the process of placing a property under contract and then selling the said contract to a third party.
According to many wholesalers, this type of real estate investing is risk-free. Because you’re not really buying a property, you don’t need to have cash on hand or obtain loans. Thus, you don’t have to worry about losing money in this business.
To become a successful real estate investor, meanwhile, you have to possess the right knowledge that could help boost your investing business.
Therefore, you should visit www.RehabList.com where you can learn valuable real estate investing tips and meet like-minded people.
Wednesday, October 28, 2009
Wholesaling Houses: Earn Fast Cash In Real Estate
Many are drawn to real estate investing since you can earn huge profits in your own time. Aside from the amount of income one can get from this business, there are also many methods which you can do. One method is wholesaling which is the process of placing a contract on a property and then assigning the contract to a buyer.
Some real estate investors opt to do wholesaling instead of flipping houses because it doesn’t need that much work and money. Since you’re not actually buying the house, wholesaling doesn’t require a huge capital or a loan. In wholesaling, profit is much faster and easier provided that you know the right moves. If a wholesaler has a huge inventory of houses, earning profit is quicker than flipping. In wholesaling, maintenance of the property is not needed and the transaction is much faster.
Wholesaling houses for a living can be pretty risky if you do not know how to deal with it the right way. Just like any other business venture, wholesaling needs some methods to be done perfectly. To be able to master the right ways, one needs to know the basic principles of wholesaling. Read on to discover the fundamentals of wholesaling houses.
Aside from getting the best house in town, you should look for the best own in town with an owner willing to sell his property. This type of owner is called a “motivated seller.” It means that he or she is eager to sell the property as soon as possible for a low price. Though they won’t just give it away for any price, you can bet on it that they wouldn’t put a handsome amount on it since they know that it won’t be sold with a price like that. So who are these people? They are those who are moving to another city or state, divorcees, and in grave need of cash.
In wholesaling, time is important. You should be able to sell the house immediately. To do this, you will need a buyer’s list. This list will determine what kind of houses sell faster to whom. By having a buyer’s list, you can identify if the property you have will sell or not. You will have clearer idea of what kind of house you should work on. Also, it can save you all the time and effort in finding buyers.
The crucial part of wholesaling is pricing. Thorough research and experience in real estate investing is needed in this part. If you do not have enough experience, it won’t hurt to ask investors you know to help you out. Research on the pricing trend of the kind of property you are selling and its location. You can always look up the things you should know on the internet.
These are only some of the basics of wholesaling and there more things you ought to know. Check out www.Rehablist.com to get more information and tips on how to go about your wholesaling business. The site is complete with articles and videos to help you out on your real estate investing business.
Some real estate investors opt to do wholesaling instead of flipping houses because it doesn’t need that much work and money. Since you’re not actually buying the house, wholesaling doesn’t require a huge capital or a loan. In wholesaling, profit is much faster and easier provided that you know the right moves. If a wholesaler has a huge inventory of houses, earning profit is quicker than flipping. In wholesaling, maintenance of the property is not needed and the transaction is much faster.
Wholesaling houses for a living can be pretty risky if you do not know how to deal with it the right way. Just like any other business venture, wholesaling needs some methods to be done perfectly. To be able to master the right ways, one needs to know the basic principles of wholesaling. Read on to discover the fundamentals of wholesaling houses.
Aside from getting the best house in town, you should look for the best own in town with an owner willing to sell his property. This type of owner is called a “motivated seller.” It means that he or she is eager to sell the property as soon as possible for a low price. Though they won’t just give it away for any price, you can bet on it that they wouldn’t put a handsome amount on it since they know that it won’t be sold with a price like that. So who are these people? They are those who are moving to another city or state, divorcees, and in grave need of cash.
In wholesaling, time is important. You should be able to sell the house immediately. To do this, you will need a buyer’s list. This list will determine what kind of houses sell faster to whom. By having a buyer’s list, you can identify if the property you have will sell or not. You will have clearer idea of what kind of house you should work on. Also, it can save you all the time and effort in finding buyers.
The crucial part of wholesaling is pricing. Thorough research and experience in real estate investing is needed in this part. If you do not have enough experience, it won’t hurt to ask investors you know to help you out. Research on the pricing trend of the kind of property you are selling and its location. You can always look up the things you should know on the internet.
These are only some of the basics of wholesaling and there more things you ought to know. Check out www.Rehablist.com to get more information and tips on how to go about your wholesaling business. The site is complete with articles and videos to help you out on your real estate investing business.
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