Looking for ways to make real estate wholesaling even easier and more profitable? Check these ideas out…
Wholesaling can be one of the easiest and most profitable ways to engage in real estate. Yet, with a few creative strategies investors could find it even easier to get started, and to make more profit on each deal.
Co-Wholesaling
This is a way to partner up with others, expand your reach efficiently, and streamline your workload. You can either co-wholesale to find more inventory to promote to your buyers, or do it to tap into existing buyer databases and move your inventory faster and easier.
Reverse Wholesaling
Instead of going out to find the inventory, and then panicking about finding buyers for it in a very short period of time, why not find the buyers first, take orders and then go fill them. It slashes risk and stress, and makes sure all your deals are pre-sold before you sign a contract or take on funding for them.
Taking Equity
Multifamily investor and syndicator Sterling White says that he got his start wholesaling. On his first deal he chose to take equity instead of an assignment fee. That way he got to participate in the ongoing cash flow and equity appreciation. You might be able to do both - take a fee now, and equity for later too.
Prehabbing
A favorite strategy of the Fortune Builders team who were among the first house flipping TV stars, prehabbing means clearing out all the junk and creating a clean slate for your end buyers. Some properties look a lot worse and more work than they are because of all the dirt and stuff. Clearing a house out might only take a day for a good crew. It can make a huge difference in the appeal and value others put on the property and how fast it sells.
If you have only been wholesaling via assignments or using your own cash or hard money, then double closing with transactional funding is a great play to try too. With 100% financing you can do more deals, reduce the risk buyers and sellers will try to cut you out, and build in bigger profits.
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