Wholesaling real estate can be your ticket to profits, especially if you already have a real estate investing business. Wholesaling properties involves finding people who want to sell their property quickly – at a discount – and contracting to sell it to an investor who doesn’t have the time to go bargain hunting. Here are just a few of the ways wholesaling real estate can help your real estate investing business:
• You can use your current connections. If you’re already in the real estate investing business, you can use many of your current contacts to get into wholesaling real estate. Especially useful are busy investors who are looking to pick up properties quickly. They’ll essentially pay you for doing the legwork on finding cheap properties for them.
• It can help you build a network. When you don’t already have the connections you need, you can seek them out and boost your network. You’ll need to have a good working relationship with an escrow company to turn your deals around quickly.
• You can make millions – literally. Wholesaling real estate can boost your business quickly, leading you to immense profits. Because you’re simply contracting the right to sell the house, you don’t need to drop any of your own money into the deal. You can turn around and put these checks into your own real estate investments, or spend the money on yourself – how about a tropical paradise vacation?
• You can build on your experience. If you’re already in the real estate investing business, then you have a leg up on raw beginners. You can use this experience when explaining your services to potential sellers. It helps you sound more professional and trustworthy, since you’re already involved in the real estate investing business. Wholesaling real estate also helps you learn more about contracts and how to move properties quickly.
If you’ve already got a real estate investing business, you should consider wholesaling real estate to make big bucks and enhance your investments. By contracting the rights to sell a property, you’ll make cash hand over fist, without putting any of your own money at risk. Matching up buyers and sellers can be incredibly easy once you’ve mastered the trade, and can even help out your real estate investing business.
