Real Estate Investing Strategies: How to Wholesale Properties

Saturday, June 28, 2008

How to Wholesale Properties

Wholesaling can be a great way to get some extra cash and get into investing in real estate. Wholesaling real estate investing can be a difficult thing. In fact, dealing with wholesale properties can be something that you need to learn about first. A wholesale property is one that is sold wholesale. Wholesaling can be done even if you are not sure how much you are going to have to pay to repair the property, or how much you will get from the home or for rent. As long as it is a good deal, you can wholesale as many properties as you want, without worrying about it. Wholesale real estate is a great deal because you can buy properties cheaply, and also sell them for more money. However, in order to be involved in wholesaling real estate, you need to know a few things, and have a little bit of help.

The best way to get started is to team up with someone who already has closing deals, and who has a list of buyers.They can help you find wholesale houses. If you are looking for wholesale homes, someone who knows what they are doing can make the best influence for you. This can be the best way for you to make sure that you are getting the best deal. You will want to be sure that you can get a great education when it comes to properties, because this will let you have the best control over what you will be doing with them in the future. The person that you team up with can help you in many ways. They can make sure that you know what the sales terms are, and how to negotiate for good ones.

Wholesale real estate investing is something that requires skill. You must look at the purchase price in order to be sure that the wholesale real estate meets your criteria. In all, wholesaling properties can be quite trying, but if you find the right wholesale property to match what you are looking for, you'll be able to buy it cheaply and sell it for more money. Wholesaling real estate is about being in the right place at the right time, and taking advantage of the deals that you do find. Wholesale houses often come to you very quickly, so be ready to buy wholesale homes with no delay. Remember, if you are going to be in the business of selling and buying homes, make sure that it is your priority. Get yourself some business cards, flyers, and everything else that business owners need, so that everyone knows you are serious about it.

Be sure that you are making offers that aren't too high. Don't put down the seller or the property, however. Figure out some tactful ways to make your offer without offending them. Remember, you can always go up on your offer, but you can't come down again.

It is important to also know a little bit about finding buyers. You want to start building your own buyers list as soon as you can. This should be a list of people who are good buyers. You can either use this list on your own, or continue to work well teamed up with your partner. You have to use your own judgment as to when it is a good time to leave your partner.

The best way to be serious about wholesaling is to form a corporation to use for it. This will help so that the IRS doesn't se you as a dealer with your name. Having a corporation will make sure that you have the benefits that you need when you start to hold properties and your own.

Julian Lee is a active Real Estate Investor and Internet Marketer in South Florida. To learn more about real estate wholesale investing visit

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Jon Christopher said...

I like wholesaling in this market. It provides the opportunity for minimal exposure and big profits. What could be better?
Jonathan Christopher of Short Sale Way

Abid Shahzad said...

Cool suggestion to work as wholesale. To advertise the business multiple methods can be used like
Post Cards
and as well as Social networking sites like face book.
There are many chances for world emerging property markets like Brazil property, which can be best for those who want to work as wholesale.