Wholesaling Real Estate Investments
Wholesaling houses is a great way to make profits from your real estate investments. It involves little to no risk and you don’t have to secure a huge investment capital just to get started in this business. And most of all, you can make money from the properties that you don’t know.
You might be wondering how is it possible to make money in real estate without spending anything. Here’s a brief explanation on the process of wholesaling properties. Wholesaling is a method of investing in real estate wherein an investor’s main task is to place a property under contract and then find a buyer for the said contract. Because he is not really buying the house that he wholesales, he doesn’t have to gather funds or obtain financing just to complete a deal. And since he’s not investing money in any property, he doesn’t have to fear losing any in case something goes wrong with a deal.
A wholesaler generates income from this method of real estate investing through the assignment fee he collects from the buyer of the contract. An assignment fee usually costs between $5,000 and $15,000 per transaction. Sometimes, the figure can go as high as $20,000 or as low as $3,000. But if you have placed multiple real estate investments under contract and were able to find buyers for all of them, you can earn a minimum of $10,000 a month.
Meanwhile, if you want to earn huge profits when wholesaling houses, you have to make use of various marketing strategies to find buyers and sellers of properties. Listed below are some marketing methods that you can utilize to boost you real estate investing business:
If done correctly, wholesaling houses can help you gain financial freedom. However, you have to use the right marketing methods to make this work for you. For a more comprehensive report on this method of investing in real estate, go to www.REIWired.com.
You might be wondering how is it possible to make money in real estate without spending anything. Here’s a brief explanation on the process of wholesaling properties. Wholesaling is a method of investing in real estate wherein an investor’s main task is to place a property under contract and then find a buyer for the said contract. Because he is not really buying the house that he wholesales, he doesn’t have to gather funds or obtain financing just to complete a deal. And since he’s not investing money in any property, he doesn’t have to fear losing any in case something goes wrong with a deal.
A wholesaler generates income from this method of real estate investing through the assignment fee he collects from the buyer of the contract. An assignment fee usually costs between $5,000 and $15,000 per transaction. Sometimes, the figure can go as high as $20,000 or as low as $3,000. But if you have placed multiple real estate investments under contract and were able to find buyers for all of them, you can earn a minimum of $10,000 a month.
Meanwhile, if you want to earn huge profits when wholesaling houses, you have to make use of various marketing strategies to find buyers and sellers of properties. Listed below are some marketing methods that you can utilize to boost you real estate investing business:
- Running advertisements on the newspapers. Publishing ads on the local paper is a great way to reach your target market because most people consider the newspapers as one of their primary sources of information.
- Posting on online classified ads. Nowadays, there are many websites that offer free advertising services for those who want to inform their target market of what their business is all about. You should take advantage of the power of the Internet for it is a great marketing tool that can do wonders to your business.
- Attend meetings of the local REIA (real estate investing association). Always staying visible is a great way to promote yourself and your business.
If done correctly, wholesaling houses can help you gain financial freedom. However, you have to use the right marketing methods to make this work for you. For a more comprehensive report on this method of investing in real estate, go to www.REIWired.com.
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