Why Choose Real Estate Wholesaling Over Buy-fix-sell And Owning Rentals?
his is a very simple question for any "hardcore" real estate wholesaler to answer!
There are a lot of reasons why, but here are the best reasons to choose real estate wholesaling over ALL OTHER types of R.E investing styles:1.) Super Low Risk! Really it's really NO RISK at all! Wholesaling has none of the A-Typical risks that most every other style of real estate investing confronts the investor with such as: * Shelling out Holding Costs on vacant property * Getting burned by crooked contractors * Tenants that do not pay * Tenants that destroy your property * Not finding a buyer after rehab and having the property "eat me alive"
2.) You need No "real" Money to Wholesale real estate, EVER! * You can wholesale if you have can afford $ 1.00! 3.) Your Credit Rating is NOT a factor! * Since we are never apply for financing we never have our credit pulled * You can wholesale with BAD CREDIT, it does not matter and NEVER enters into the wholesaling equation!
Let's look at Buying fixing and selling, or some of you might call this "Flipping Houses" just like they do it on the popular TV show Flip This House! This is a very risky type of investing for new/inexperienced real estate investors to pursue!
So many thing can go wrong when you try to buy-fix-sell houses. Major things can happen in the following areas:
* Pay to much for the property because you do not know the market
* Under estimate the repairs that need done to the property and then get in over your head with contracting costs
* Or get burned by a shoddy rehab contractor
* Your not able to sell at a profit and either break even or worse lose you rear end on the deal and have to either bring your own money to the closing table just to sell it at a loss or lose the property to foreclosure and destroy your credit rating!
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* Lowering your debt to income ratio on each deal your doing Learn to Wholesale Now let's look at Buying and Renting real estate ! Some investors like this "long-term-wealth" strategy. But this style also has HUGE draw backs such as:
* Constant worrying about rent collection in order to pay your mortgage on the property * Dealing with occasional BAD TENANTS that end up destroying your property costing you thousands of needless dollars to repair again and again!
* Dealing with costly annual maintenance issues (roof leaks, furnaces that need repaired or replaced, landscaping issues, Bad water heaters, etc.
Wholesaling Real Estate has NONE of the issues that Buying-fixing-selling real estate or that owning a rental portfolio represents! Although these other styles of real estate can make you wealthy. It does not come with a great deal of RISK, CONTINUOUS HEADACHES AND STRESS!
This why I have chosen real estate Wholesaling as my favorite real estate investment vehicle! Now you know why!
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by: Eddie Case