www.REIClub.com ? Wholesaling Real Estate Is One Of The Safer Ways To Start Investing In Real Estate. Here?s Why Beginner Investors Should Wholesale Real Estate? To Learn More On Wholesaling Real Estate www.WholesaleInterviews.com Hi, this isFrank Chen with REIClub.com, the only site you need as a real estate investor. Today I?ve got quick video on why Wholesaling / Flipping Real Estate is good for beginner investors Qualifications: Wholesaling Property ?Ease of Entry? Not a lot of? ? Time ? Experience ? Money or credit ? Resources ? Looking to make Quick Cash with low risk Investment: Typical Wholesaling Properties Work Day ? Time ? Typically 1-3 Hours a day ? Looking through ads/posting ads ? Calling realtors ? Drive-through neighborhoods ? Attending REIA meetings/networking ? Building a Buyers list ? Market Analysis ? pulling comps ? Creating a Plan ? - Money ? Earnest money ? as little as ? 00 ? get it back rather quickly Financial/Experience Gain from wholesaling houses: ? Typically 00 ? 000 / transaction (5-10 total hours of work per transaction) ? Build relations ? realtors, investors, title companies, ? Learn the market ? Assessing profit margins based on Repair costs ? Familiarize yourself with purchase and sales agreements ? Start building financial strength ? Move on to other areas of real estate ? rehabs, short sales, reo?s Wholesaling Property Risks: ? Money in Deal ? If using private mortgage lender, none of your own money is in the ?
Video Rating: 4 / 5
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