A new Huffington Post report heralds wholesaling as ‘The Real Estate Investment Niche for Everyone’. So what makes wholesaling real estate so attractive for new and veteran investors alike? What does it really take to get in, and be successful at wholesaling?
Flipping Houses to the Stars
The Huffington Post starts by highlighting that real estate wholesalers who are inspired by reality TV house flipping shows might actually find wholesaling comes with less stress and headaches. In fact, wholesalers can profit by flipping houses to TV celebrities. But without the mayhem and emotional roller coaster of dealing with renovations and contractors.
While the concept of buying at deep discounts remains the same as with other types of wholesaling, the profits margins can be a lot better on real estate. This is something industry personality and founder of an Inc. 500 ranked wholesaling and education company Kent Clothier says drove his family to switch from the world of groceries to property.
This comes right on the heel of Fox News highlighting the pros of selling houses to wholesalers for regular homeowners, versus paying 6% to list with a Realtor.
So as wholesaling properties becomes increasingly legitimatized by the mainstream media and business sector, what do aspiring investors need to get in, and win?
What it Takes to Wholesale Houses
According to the above mentioned report you’ll need:
Some real estate education
Potentially some deposit money for making offers
To find properties and negotiate contracts at discounts
A transactional funding lender to finance your deals
Buyers to sell too
There are a number of wholesale training providers out there, though industry gurus like Sean Terry say success is more about having alignment and the drive to really go out and make it happen than just what tools to use.
Worth Trying
Given that wholesaling real estate appears less risky than the alternatives, it seems worth trying, at least to get your feet wet in real estate. It could be the best bet for those finding it hard to make the numbers work on rehabbing or rentals in their area, or who are unsure about the future of the market, and may be light on cash, and have low tolerance for risk and loss.
Authored by BestTransactionFunding.com; America’s leading source of transactional funding and hard money loans for real estate wholesalers, where 100% financing, and saying “Yes” is what we love doing all day long.
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