Wholesaling Homes As A Highly Lucrative Investment

There is no denying that real estate is a good business investment

. But not everyone know that wholesaling homes can be highly lucrative and requires little, if not, no investment at all. This kind of trade is also known as "flipping property".

To fully understand what you are getting into, you have to first know the nature of the business. Search for a property that is sold at a lower price. You have to look and know how to grab the opportunity before others do. So it is important that there is a real estate investor willing to buy the property from you when you have found what you are looking for.

The first objective is to look for an owner who wants to sell a home at a discounted price he is called motivated seller. There are various reasons why these people are motivated to sell - it could be due to divorce cases, sickness or death or some just need to relocate so they are usually in need to sell their property fast and can give it at a big discount.

Next step is for YOU to put yourself as the motivated purchaser or buyer not as a newlywed who is looking for a dream house, but another real estate investor. you will have to anticipate a competitive price as a buyer but you also have to know that renovations are needed if you want the house sold at a a higher price.

If you are the person that is between the seller and the buyer and are wholesaling homes for profit - you are called the "matchmaker". You don't need money to make this work. As the matchmaker, you simply have to collect revenue from the buyer the one you assisted to find that great investment opportunity at the end of the closing sale.

Your customer in the business of wholesaling homes is two-fold: the seller and the buyer. This sets you in a distinctive position, but bear in mind that real profit comes from the buyer so he is your true customer.

Your everyday objective as a house flipper is to build relationships that will help you find properties with highly motivated sellers. You must have a constant look out with your employers, if there are, for these opportunities everyday. Always be in contact with the seller and make them understand the goal of helping them sell the property as soon as possible. After doing this, this is where you come in as a matchmaker by getting your seller and buyer to meet and hope both parties can strike a good deal. On one fine day, you are sure to witness a real estate sell out where you can collect a nice profit.

Bear in mind to always create the idea of having a win-win situation in negotiating a deal. In order to make a distinctive profit, you should always put yourself in the sellers position. Wholesaling homes requires you to be a remarkable negotiator. Sometimes it may mean you have to come up with your price but never all the way or use higher authority to make them feel you took the risk for them. However you want to do it, a win-win atmosphere is a sure way to have a flourishing path in your negotiating career.

by: Claud Pearce

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