If you intend to flip houses, you will be doing more than making huge money fast
. You will be solving sellers problems. The success of a flipping houses career depends of good you are with problem solving. Simply put, the more problems you solve, the more trips you will be making to the bank to cash checks.
Thats because wholesaling houses is anchored on sellers motivation to dispose of their properties. That means that when you flip houses, you mustnt only look for cheap houses; you must also look for properties that are owned by sellers that are really motivated to let go of their house. You are in a stronger position to make a very low offer when you are dealing with a motivated seller. How do you tell if the seller is motivated?
The seller must be in some sort of problem or pain, and selling the house is the solution or the cure. For example, an old landlord who has been having headaches from his tenants is motivated to sell the rental property. He has had enough of dealing with tenants and will do everything to cure this headache even if that means selling the property for pennies on the dollar to you. This is how profitable flipping houses really works.
Another example of a motivated seller who is also willing to settle for lower a lower offer is a recent divorcee. When you suddenly become single, the house you used to occupy with your spouse or family suddenly becomes to huge and costly to maintain. It also is a reminder of the pain of divorce. That means you have to wake up every day with the house reminding you of your pain. The cure? Accept a lower amount for the property just to sell it immediately.
Those who flip houses are problem solvers in this way. They cannot buy a house at a retail price. However, they can close really fast sparing the owner from months or even years of agony. Flipping houses is not about cornering homeowners. After all, they have a choice of either selling low now or selling high much later.
Investors who are wholesaling houses are merely giving them a possible solution.
A lot of investors who flip houses take pride not only in being able to sell houses fast but also in being able to solve sellers problems. This is a bonus in a business that actually pays a lot considering the amount of time and effort an investor has to pour in it.
Learn more about wholesaling houses and how you can start in this business today. Visit RehabList.com right now.