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| Wholesale Real Estate Investing |
Consider these parameters for a real estate deal:
Property Value: $250,000 Purchase Price: $160,000 Repairs:
$2,500
If you analyze the numbers, you see that the equity available in
this deal is $87,500 (Property Value minus Purchase Price minus
Repairs).
So here's a hypothetical question for you: Assuming that the
information above is accurate, and the property is located in an
area that you view as acceptable and/or favorable, then:
If I offered to give you this deal in exchange for $10,000 in
cash, would you do it?
Remember - this is hypothetical. The real question here is this:
Would you exchange $10,000 in cash for $87,500 in equity?
For most savvy investors, the answer is: Absolutely YES!
This is called "Wholesale Real Estate Investing" - the process
of buying a lot of equity at a very significant discount |
from
another real estate investor who has already done the hard work
of finding a deal and getting it under contract.
Just think about that - consider how easy real estate investing
would be for you if you had a network of real estate investors
in your area (and maybe even all over the country) who, several
times each month, offered you the opportunity to purchase
significant amounts of equity for a severe discount...
...It would be quite easy to become wealthy, fairly quickly,
wouldn't it?
The answer again, is: Absolutely Yes, it will.
It is through smart "wholesale real estate investing" that you
can increase your net worth by $20,000 to $100,000 on every real
estate deal that you do.
...Now the burning question becomes, "Where exactly do I find
these wholesale real estate investing deals?"
I know of at least 3 solid sources... |
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You've got to admit - it will be a pretty wonderful thing when
you know how to find great real estates deals in which you can
trade a small amount of cash for a large amount of equity
without even having to find the deals yourself...
...And that's exactly what "wholesale real estate investing" is
all about.
So let's get right to it. Here are 3 places to find wholesale
real estate deals:
1.) Visit the local real estate investing club in your area.
Almost all of these clubs have networking opportunities to work
with other investors who wholesale deals regularly, and this is
an easy way to find great opportunities.
2.) Watch for ads in the newspaper, television, and in other
media that advertise slogans like, "We Buy Houses", or "Sell
Your House in 9 Days" or anything similar to that. Most of the
time, these people are real estate investors, and |
they are happy
to wholesale deals to people like you.
3.) Watch your email-box. Why? Because if and when you choose
enrollment in various free e-courses online, such as that via
tm-RealEstateInvesting.com, you'll be provided with automatic
notification about great local and national deals as they become
available. But be forewarned - you've got to act quickly
whenever these deals are announced, because obviously the
response is always significant.
Happy Hunting!
About the author:
Log on to http://www.cmiwholesale.com with Executive, Sintilia
Miecevole and enjoy a host of information on wholesale from
books, electronics, fabrics, jewelry and clothing to toys,
gifts, apparel, shoes, computers and more. Go to
http://www.cmiwholesale.com and enjoy your wholesale shopping
adventure!
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