Stick to Your Guns to make Quick Profits by Wholesaling

One of the simplest ways to make money in real estate is to wholesale properties. Wholesaling is a method of investing in real estate wherein a person buys and sells houses to make quick cash. If you can go out and find discounted properties with motivated sellers, you can make money wholesaling. Take action out in the field and get the experience all the books and cd’s can not teach you

Don’t simply go out there and make offers on properties at random. You need to have a strategy going into the deal to make money on the exit when you flip it. Make smart decisions when going after deals, stick to your formulas, and criteria and don’t force the numbers. You have to find deals you can sell to your buyer at a discount.

Make sure that all your deals will have what your end buyers want. You can do this by finding out the characteristics and the types of properties that most people are buying in your market first before making your offers. By arming yourself with this information, it will be easier for you to wholesale the deals you have under contract to specific buyers based on their needs.

The location of an investment property is also very important because it is one of the factors considered by every buyer when they determine the amount of their offer.

Consider that your objective is to find deals not properties. You do not have to close on them to make money wholesaling. Go out there and find the deal and control it. Take advantage of opportunities that others don’t see. Find a niche and focus 100% on that and nothing else. Put the blinders on and don’t let yourself be distracted or pulled in other directions.

I want to leave you with a quote from truly the most successful man in business today Warren Buffet. ” When everyone is fearful, you need to be greedy; when everyone is greedy, you need to be fearful.”

Take a look at this market, people are fearful; they are not doing anything. If you choose to go against the grain, you too will start to see what Warren Buffet sees while most people are paralyzed by anxiety.

 

That’s your tip of the month!

 

 

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