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The Other Benefits That Make Wholesaling Real Estate Irresistible

by blogger1
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on Thursday, 15 April 2021
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Wholesaling is a preferred real estate strategy for a variety of very obvious reasons. Yet, there also some very important benefits both new investors and veterans of other strategies will find make this play irresistible.


You are probably familiar with wholesaling being the low risk, no hammer needed, fast way to get paid in real estate, and enjoy large lump sum gains. Then there are the tax benefits and supersized returns.


However, the benefits don’t stop there. In fact, for wise entrepreneurs and experienced investors the following reasons may be even more vital and urgent drivers to choose wholesaling.


Scale

Wholesaling is not only an easy strategy to scale up, but also down. This can be incredibly important during rotating cycles. Done right, you don’t have to worry about laying people off, defaulting on office or storefront space, or carrying too much overhead.


You can also scale up and down on-demand, whenever you like. Do more when you want to boost your income, and scale down when you just feel like taking it easy.


Vacation Time

Landlords never get the luxury of vacations. Rehabbers certainly can’t afford to take time off in the middle of a project. They aren’t even getting nights and weekends off. As a wholesaler you can choose to hit pause any time you want. You can pause your offers, and take a long weekend staycation. Or pause for two weeks and go to Hawaii with the family. All without really putting much of a dent in your income.


No People, No Property Management

You can certainly hire a small army of remote staff to really scale your wholesaling business. Though you can also make some pretty good money doing it by yourself. You don’t have to be recruiting and managing a lot of people. You don’t have to deal with all of the headaches of property management or have to step in when they let you down.


Never Be Worried About The Market

Almost everybody is concerned about the market and where it is headed next. It is stressful, and 90% of the time leads to bad decisions. Wholesalers don’t have to worry about that. They are always in and out and paid before anything changes on them. When things are ugly out there, the deals get even better and more plentiful. When the market is on fire and accelerating fast it is easy.


Easy 100% Financing

Sure, there may be ways to get really creative with the paperwork and deal structuring and blending funding options to finance buy and hold rentals and fix and flips with no money down. Though it will always take a lot more work and energy, and is never guaranteed to close. In contrast wholesalers can finance 100% of their purchases with the easiest financing available. Even with no appraisals or credit checks.

 

So, are you wholesaling yet?

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Real Estate Wholesaling: The Number One Most Important Factor For Success

by blogger1
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on Thursday, 11 March 2021
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There is one factor that is by far more important to your success in real estate wholesaling than anything else. Do you know what it is? Do you have it?


It’s true that marketing is incredibly important. Being able to find deals is essential. Knowing your market data and values can make or break you. Yet, there is something far more important and pivotal for your success in real estate wholesaling.


This is truly knowing your customer.


Specifically, knowing your end buyer for your house deals.


Why It Matters

You can’t market well, pick deals to buy well, run the math accurately, systemize or have a predictable deal flow and income unless you know your end buyer customers in depth. You just can’t.


Failing here will cause you to bleed out your budget on all fronts. It will take you far longer than it should to sell properties. You’ll burn contracts and relationships on the buy side. Your reputation will get crushed.


Not to mention the fact that it only takes being stuck with a property or two to sap all of the profits you may be making on other deals. It is extremely risky.


Then, even if you do get lucky a couple of times, failing to really know your customer means that you cannot scale your business and income.


What Does Knowing Your Customer Mean?

So, what does it mean to really know your end buyer customers?


It means knowing as much about them as possible. Intimately and granularly.


You should know your demographic data. At the most basic you should know how many potential target customers you have each month and year. You need to know what their likes and dislikes are, where they hangout online, their preferred ways to communicate, and more.


You need to have absolute clarity on what their real pain points are. What their goals are. Plus, what their ability is to leap this gap with you.


For example, are they buying from you because they desperately need somewhere affordable to live? Or because they need deal flow for their rehabbing and flipping or rental property business? How much can they really afford monthly and as a down payment? What are the fears and limitations holding them back? Is it finding someone to trust, unknown repair issues and costs, or finances?


Ace this, and everything else will fall into place.

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5 Reasons To Try Wholesaling Before You Give Up On Real Estate

by blogger1
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on Thursday, 15 October 2020
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If you are frustrated with or fearful of other types of real estate investment, here are five important reasons that you should try wholesaling before you quit.


Real estate is still the best tool for getting and staying ahead financially. Yet, between recent events and the common nuisances of other forms of real estate, it’s understandable that many are tired or worried about their strategies. Wholesaling could be the cure you’ve been looking for.


Here’s why…


No Tenants Or Guests

Renters and Airbnb guests can really test your patience with the human race. They drive many good landlords with great intentions of helping and making a difference out of the business. With wholesaling you are in and out, and don’t have to deal with them. You can choose properties with no tenants and let someone else deal with leasing if they choose to.


No Repairs Or Contractors

Rehabbing and renovating properties can be an inspiring dream. Completing projects can bring a lot of satisfaction. Yet, every experienced flipper knows that these projects notoriously cost more than expected and take longer than planned. As well as how incredibly challenging it is to find those mythical good contractors. Wholesalers don’t have to deal with any of that. No repairs. No improvements. No juggling construction and maintenance crews.


No Credit Or Acquisition Capital

If you fear putting your personal credit on the line or don’t have good credit and cash to buy properties, then wholesaling offers access to 100% financing, without using your personal credit. Keep your credit free and healthy for other emergencies and optimize your personal finances. Keep your cash in reserve for plugging income gaps and when you face unexpected expenses, like medical bills.


No Captive Equity

Real estate’s ability to appreciate rapidly can be one of its great appeals and benefits. Of course, it can also depreciate just as fast in other phases of the market. It may ultimately bounce back and rise higher again. Though who wants to see their down payment or sweat equity evaporated? With wholesaling you are in and out before the market can change on you. All of your capital can then be used on marketing and scaling, rather than sitting stagnant.


No Financing Hurdles

Wholesalers use transactional funding which doesn’t rely on the usual underwriting hurdles, income verification, personal credit or even appraisal reviews. It’s super fast.

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Introducing HomeNotes - Record notes and home photos on your Android, iPhone or iPad

by press
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on Friday, 06 May 2016
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The perfect home buyer app that lets you record notes and pictures as you tour a property. Review and share your reports with others from your Android, iOS device or computer.


- FEATURES -

Use standard room names or add your own custom names

Pictures can be loaded as you tour the property or loaded later

Share your reports with friends, family, or clients

Pre-filled valuation spreadsheets (mortgage calculator, ROI)

Agent version allows agents to view their clients’ activity

Quick 4-star rating

Access all your property reports from iPhone, iPad or computer



HomeNotes is free for the first 3 properties.

Pro Version with unlimited properties is a $1.99 / month subscription, and $4.99 / month subscription for realtor/agent version which allows you to invite clients and see their saves.


Subscribe now to HomeNotes and get $1 off the first month with code "BEST"!



 

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