Wholesale Flipping – One of the Most Lucrative Real Estate Businesses

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If you are starting a career in the real estate, the most ideal way to earn money without investing much is to do wholesale flipping or flipping wholesale real estate.

When flipping houses, you do not have to gather funds to purchase the property because the funds will come from the investor/buyer who is willing to purchase the wholesale property you are offering. The most money you need is for binder deposits & you won't be getting any new loans so you don't need credit. Also, because the only money you will be putting up is for binder deposits, you have very little at risk.

You won't be owning the property for more than a few minutes at the closing table and you'll be selling the properties in "as-is" condition which means you won't be dealing with contractors or dealing with tenants. Nor will you have to deal with getting buyers qualified for financing at banks because most of the investors you will be dealing with will either be paying cash or getting the funds from their partners or hard money lenders.

You also don't need good negotiating skills when wholesaling or retailing houses because you will almost always be offering cash. Therefore, the only thing that really needs to be discussed is the price and much of the time you'll be dealing through real estate agents which means you won't be talking to the seller anyway. Even then, you will know what you are able to pay, so you still won't have to haggle about prices. You will simply put your offer in writing and let the seller decide. Either the seller is willing to take your price or they aren't.
So, the benefits of flipping wholesale are that it ...

• requires very little money,
• you get instant profits that can be very large,
• you do little or no repairs, and
• you are dealing mostly with investors who pay cash so you don't have to deal with qualifying homebuyers.

It is no wonder that flipping is the number one choice for getting started among beginners. 

Muhammad Siddique is Real Estate Investor for  years mostly in commercial real estate specially shopping centers, hotels, motels and recommends TRCBVideos.com to convert aticles into Videos automgaically.

 

You should follow me on twitter here or  go http://twitter.com/siddiquem

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