Flipping homes is fast becoming popular among real estate investors today. For years, investors have been claiming that flipping real estate, also known as wholesaling, is the best, fastest, and easiest way to make money in real estate. In fact, most newbie investors are encouraged to start with wholesaling first before they try other forms of real estate investing.
With the increasing number of investors focusing on flipping homes, it seems that wholesaling is indeed the quickest way to earn profits when real estate investing, especially with the abundance of undervalued properties in the market today.
So if you’re one of the thousands of Americans who are trying their luck in real estate investing, these quick tips should help you get started.
The Seller is More Important than the Property
When flipping real estate, always remember that the home seller is more important than the buyer. This may sound absurd to some but to veteran investors, this is very true. When wholesaling houses, the most important thing is finding a motivated seller. Once you find a motivated seller, everything else will be easy. Just think about it, what good is a great property if the home owner is not willing to sell?
So always remember, when wholesaling houses: don’t look for a property, look for a motivated seller.
Always have an Investor Buyer’s List
The second most important thing to consider when flipping homes is having a buyer’s list, especially an investor buyer’s list. This list contains investors who will become the end-buyers of properties that you flip. While you only purchase the assignment contract, end-buyers actually buy the properties. These investors are usually rehabbers, landlords, or even other wholesalers.
Having a buyer’s list will allow you to sell the assignment contract fast, which is the main concept of flipping in the first place: buying and selling properties (or assignment contracts in this case) in a short period of time.
Create a Website
If you’re reading this article, then you are using the Internet. And if you search a little more, you’d notice that a lot of real estate investors today have their own websites. That’s because the World Wide Web is a powerful tool that you can use for your real estate investing business. You need to create your own website for two purposes; first, to build your buyer’s list, and second, to market your properties.
A little more research would convince you that flipping homes is in fact the easiest and fastest way to make money in real estate. Find out how you can get started in this highly lucrative business by visiting www.RehabList.com today.