subject: Shaking A Hand With Wholesaling Houses [print this page] We Americans just love shaking hands with people we are introduced with. While this is not practiced in other cultures, a handshake is a sign of peace, welcoming, and getting to know for Uncle Sam. And if theres one thing you should shake hands with today, thats wholesaling houses.
You must get to know this form of real estate investing today, while it is booming. You read that right, booming. This business is literally thriving today, more than ever, even in an economic slump. While the economy in general is slowly picking up the pieces shattered by the recession, wholesalers are making a fortune flipping houses.
Technically, you flip contracts and not properties in this business. Wholesaling houses is basically placing a property under contract to buy it and then assigning that contract to another buyer. That buyer will close the deal while you, the wholesaler and the one who found the property for sale, will walk away with your assignment fee.
You do not have to buy houses in this business so you will not need a huge capital; all you need is just enough money to convince the owner to place the property under contract, some good negotiation skills, and proper knowledge.
Convincing home owners is not hard. After all, they have nothing to lose if they place the property under contract. If you buy it within the time you specified in the agreement, say seven days, then it is good news for the owners. If you dont buy it within a week, then they get all of the money you paid them. By the way, some owners, especially those who are very motivated to dispose of the property, will agree to place their property under contract for $10. Believe it or not. Say youre a generous one and you gave them $100. They will get $100 if you dont buy it.
If you bought it on time, that will be a win-win-win situation for you, the seller, and the buyer. You helped the seller find the buyer; the buyer find a property; and yourself, by serving as a bridge to the two parties and earning a nice profit in the process. Thats how simple wholesaling houses works.
You may be wondering how much an assignment fee will cost. In todays market, earning pay checks of $5,000 to $10,000 is very common. Will $10,000 in a week help you with your bills? It surely will. Learn more about wholesaling houses at REiwired.com today and be ready to shake hands with the new life youve always dreamed of.
by: Daniel Mc Grey
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