span class="cap">I It’s easy to learn. Once you’ve
look at real estate like a got your investor list (which we
triangle. On one side of will discuss) it won’t be hard
the triangle we have rehabs, on for you to move these deals in a
the next side we have rentals and short amount of time, normally
on the last side we have within 10 to 15 days.
wholesaling. I think wholesaling
This is much easier than the
is the bottom side of the buy-rehab-sell business. If I’m
triangle, the foundation. That rehabbing a property, which most
foundation is what keeps of you people already know about,
everything strong. Wholesaling is I’ve got to start by hiring a
the foundation of all real estate contractor. I’ve got to get him
investing in my world. It was the to do all the repairs to the
easiest way for me to make quick property. Once the repairs are
cash. It didn’t take me long to done I’ve got to find a buyer,
start making $10,000.00 to which may take a long time. It
$15,000.00 a month every single may literally take two to three
month doing wholesaling, and I months for me to find a qualified
was investing less than 20 hours buyer who wants to buy the
a week. For many years now I property. Once I find the buyer,
never worked a weekend and I have I’ve got to get their loan
been able to be home with my kids approved, then I’ve got to get
and my family doing what’s the loan taken care of, get the
important. appraisal and all the other
Wholesaling, in my opinion, is a things that come with a regular
great business because you don’t retail buyer, and so it may take
need a lot of capital and you me anywhere between three months
don’t need a lot of credit. It to eight months to close a deal
doesn’t take a lot of training that I’m rehabbing.
and it’s not really hard to do.
Now in wholesaling, all I’m
basically doing is getting 10px;" valign="top"
control of the property. I’m align="center">
taking the same property that I’d
buy and rehab and getting it
under contract. I’m then taking type="text/javascript">
About the Author:
Joe White is a aurthor and real estate investor from Winston Salem N.C. who speakes across the country at seminars and is very active in real estate investing in his site is http://www.joewhiteonline.com
