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Real estate wholesaling
Hello,
I`m in need of some advice and tips, I have my own business and it`s bringing in income but not enough, i thought about getting into real estate wholesaling to help pay some bills can anyone give me some advice and tips on getting started ? i just want to do this part-time ? your advice would be greatly appreciated.
Warmest regards,
LaShalle
I`m in need of some advice and tips, I have my own business and it`s bringing in income but not enough, i thought about getting into real estate wholesaling to help pay some bills can anyone give me some advice and tips on getting started ? i just want to do this part-time ? your advice would be greatly appreciated.
Warmest regards,
LaShalle
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Comments
onlineeater2007-2-18 15:42:54
The profit for wholesaler(me) should be between $5,000 and $15,000 on each house, it can be higher than $15,000 or it can be lower than $5,000 depending on the property.
Turn around can be anywhere from 7 to 45 days the better you are at locating properties and putting together offers, the greater your profit will be. while giving the buyer an excellent profit as well.
if all else fails i will go to score.org and look for a counselor that knows alot about real estate and see if this is accurate info, sometimes you can`t belive everything that you here.
onlineeater2007-2-18 16:30:36
Excellent question!! Usually wholesalers sell to people that don`t want to find the discounted deals. There are quite a few people that enjoy fixing up houses and selling them or renting them but hate the idea of speaking with a distressed homeowner or negotiating with them.
Lashalle you can visit our website www.getrealrei.com</A> for a couple of articles and our weekly podcast on real estate investing. We did a show last April (I believe it was ) about wholesaling and we discuss it on a regular basis.
Let me know if we can help.
Thanks.
Considering how many people are putting on seminars and writing books
about it that seems to be where the real money is to be made.
My advice to Lashalle is to pick one business that has the potential to produce the income you desire and put all your time, energy and financial resources toward making that a success.
It`s more than twice as hard to do two things as to do one.
I really appreaciate the information, i will just stick it out with my business now it`s bringing in income even though not enough, but i will work with it. i will strive to find way`s to expand my business that i have now, and bring more income in. however people were telling me about this real estate wholesaling like it was really just so easy to do, where i wouldn`t have to spend so much time on it. but i thank you all for the insight i didn`t want to start without any advice. but i do plan to check out your web-site.