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Real Estate Investing 101 : Tips For Newbies



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By : Mark Lee    29 or more times read
Submitted 2011-05-05 08:35:53
So, What's In a Wholesaling?

As a real estate wholesaler your job is to simply finding a particular piece of property or real estate. What you need to do then is to pass it on to a prospective buyer or an investor. Now this buyer may buy the property for himself or may decide to resell it for a higher price or may rent it out. In this business you can easily make up to $5000 to $10000 from each and every house you sell, your commission depending upon the type of deals you manage to strike.

So, What Makes You to Get in?

There are a number of reasons why a beginner like you in the estate investment business should choose to start with wholesaling or flipping houses as it is popularly called.

The first is low investment. You need not own the property you are bargaining for. All you need to find a property that will fetch a good bargain value. You do not have to take over the ownership of the said property. You only need to take it under contract and sell it to the best buyer.

The second reason for getting into property business is quick and fast cash. A real estate wholesaling deal can be easily finalized in 7 to 45 days. So no longer do you have to wait for payments. It is a very good way to have cash in your pockets should be in need of some.

Thirdly, you can benefit from the real estate wholesaling business if you are someone who is good at finding houses. It is not possible for you to buy all the property you come across. If you are into real estate wholesaling the real estates you come across, even if you can't buy them at the moment, you can take it under contract and bargain for it. This way you can even profit from your skills on locating good properties.

And lastly flexibility - the flexibility offered property wholesaling business is unparalleled. You have the power to choose. You can do what you want with the piece of land that you come across. If you are in need of immediate cash you can choose to bargain for it and sell it to a buyer without actually owning or buying the property. Or if you feel so you can purchase the property for yourself and then either sell it yourself or rent it out.

Author Resource:

For more information about how to invest in real estate and how to make money in real estate , visit http://collectrealassets.com

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