Best option for beginners in real estate.
As many beginning investors have little credit and their cash stash, if used would barely get them through until next payday! With that in mind you would want to take on something which is simple and can produce the most profits with little to no investment. The smartest most logical path you could take to get started investing in real estate would be wholesaling.
Wholesaling? What's that?
As A wholesaler you position is easy! Find a particular type of property that buyers/investors are looking for. Simple right? Why yes, yes it is........ Once located you just pass the new found deal onto your buyer/investor. Basically all you are doing is acting as the middle man or a bird dog (plus a few steps) type. With this type of investing you can make upwards of 10k from each and every deal you do, depending on the type of deal you uncover. With nothing more than time invested in these deals how can you go wrong!!!!
Why this method?
The wholesaling way has numerous reasons why you should start with it.
1) Low to no investment.
a. No need to own the property you are dealing on.
b. Just locate a undervalued property.
c. No need to take ownership of the property, just get it under contract and pass the deal on to the best buyer/investor, with what is called an assignment fee (up to K) added on to the negotiated price.
2) Fast and almost immediate cash.
a. Most all wholesale deals close in 45 days or less.
b. No need to wait for rents or long drawn out closings.
c. Quick was to get started and get cash in your pocket immediately.
3) Once you're good at finding deals.
a. Benefit from quick closing and cashing out.
b. Keep in mind not every deal you find will you be able to put under contract and sell.
c. Even if you can't buy it personally you can put it under contract and negotiate it with a buyer.
d. Do as many deals as possible to become a pro!!!
a. Wholesaling gives you options unlike any other investment vehicle out there,
b. You find it, negotiate with seller. Then decide what direction you will go with it, keep it, and or sell it, whatever you want. Where else do you have options like that?
VIOLA!!!!!!!!!!- Quick cash or long term cash flow.....you decide.
This is what makes wholesaling Grrrrrrrrrreat!!!!
Nicholas "Yogi" Muller/ king-and-assoc.com