subject: Why Flipping Houses Is The Best Form Of Real Estate Investing [print this page] Flipping houses is the best form of investing in real estate. While some would disagree to the statement, many investors believe that flipping houses is arguably the most rewarding form of real estate investing. Wholesaling properties is so popular among veteran and successful investors that many of them would even argue that new investors should start their property investment buying careers by flipping houses.
Listed below are the some of the reasons why wholesaling houses is popular among investors:
Instant profits. Unlike other forms of real estate investing, flipping houses can yield immediate profits for investors. In general, investors can receive their assignment fee checks within six weeks, depending on the transaction. This timeline includes every aspect of the deal, from the time you placed the property under contract until you receive your check. Sometimes, you can receive your check within a week but these cases are the exception rather than the norm.
No capital needed. One of the main reasons why flipping homes is ideal for new investors is that you dont need capital to enter the business. Most of the time, investors use other peoples money to fund their deals. If you find a buyer before you have to close on the deal, then you can use the buyers money to finance the transaction. If you need to close on the house yourself, then you can use the sellers existing debt, hard money, or private money to fund the transaction.
Credit history not essential. Another reason why flipping properties is very popular is that you dont need to have a good credit history to wholesale houses. Even if you have a bad credit score, you can still be successful in the business as you can use the credit scores of potential buyers as leverage to close the deal. Admittedly, having a bad credit history will cost you some deals but this should not stop you from making offers.
Less time needed. The beauty of flipping houses is that you dont need lots of time to seal a transaction. In fact, you need to allot only ten hours per week for your wholesaling business. This makes flipping homes ideal for people who have day jobs or those who run other businesses. This also makes wholesaling as the only form of real estate investing wherein you can conduct several deals at the same time, even on a part-time basis.
Flipping houses is indeed the best form of real estate investing. Learn how you can bring your wholesaling business to a whole new level by visiting www.REIwired.com today.
by: Daniel Mc Grey
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