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Hello,
I`m in need of some advice and tips, I have my own business and it`s bringing in income but not enough, i thought about getting into real estate wholesaling to help pay some bills can anyone give me some advice and tips on getting started ? i just want to do this part-time ? your advice would be greatly appreciated.
Warmest regards,
LaShalle
real estate wholesaling is finding bargain property and passing it on to a bargin hunter. That bargin hunter will be an investor who buys and sells property, this investor will either purchase the property to resell or purchase it to hold it for rental income.
The profit for wholesaler(me) should be between $5,000 and $15,000 on each house, it can be higher than $15,000 or it can be lower than $5,000 depending on the property.
Turn around can be anywhere from 7 to 45 days the better you are at locating properties and putting together offers, the greater your profit will be. while giving the buyer an excellent profit as well.
how is it that wholesaler (you) are able to find the bargain property better than the bargin hunter?
This is why i`m trying to get advice and tips on this because i have been getting alot of different information from so many different people so this was how it was explained to me "apparently there are investors who put ads in the newspaper that advertise " we buy and sell houses" so my understanding is that you contact them with the property that you found and you get them intrested buy giving them a bargin off of the property. i` m new to this, that`s why i came here to see if anyone knows anything about this and to see if the information that i`m recieving is accurate.
if all else fails i will go to score.org and look for a counselor that knows alot about real estate and see if this is accurate info, sometimes you can`t belive everything that you here.
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