Nowadays, there are real estate companies who engage in wholesaling houses. Wholesaling houses simply means placing houses under contract and then assigning the contract to another buyer. It is a relatively new concept, but it has been making waves since it yields really great ROIs or return of investments without have to succumb or to subject anybody to making big risks. This is because per se, the investor is not really going to buy the property and also, he does not need to really invest a hug amount of money and to make decisions that are tough that are designed to make or break his or her career.
Among the major concerns of a property wholesaler is to be able to find motivated sellers who are willing to place their properties under a contract. These motivated home sellers are usually people who are in dire need of cash and who are also very much willing to sell their properties below the asking price in the market. They are the ones who usually do not really ask for a lot of money. They just want to get the money as quickly as possible to be able to use for other expenses among their priority lists.
Monday, December 28, 2009
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