How To Know When It’s Time To Go All In On Property Wholesaling
Is it time you went all in on real estate wholesaling?
How do you know when it is the right time to shift your focus from other real estate strategies to wholesaling real estate? Or to go all in on it in place of your other niches, or use it as your lead to get into real estate investing?
There are many ways to invest in real estate. This is one of the greatest and most profitable times to do it. Just make sure you are getting the most out of it; maximizing your upside potential, and stripping away potential risks.
When You Are Making Most Of Your Money Reselling Or In Equity
Perhaps you are already using a variety of methods of investing in real estate. When was the last time you really sat down to evaluate and compare where you are making most of your money and the best ROI?
If you are making a lot more in equity and reselling, than in rents, then it may be time to switch your focus to just wholesaling.
Perhaps you’ve owned rentals over the past couple of years, but have barely been making a couple hundred dollars per unit. Maybe you are net negative after costs, repairs, reinvesting in improvements and the personal time you’ve put in. If you can make more wholesaling the same types of properties in 3 days, than you can make in 3 years of rents, it’s probably time to change it up.
Construction Costs Are Eating Up Your Margins
Hyper-inflation has been adding 30% or more to the cost of construction materials. More hikes are coming in taxes and labor costs, if you can find good help.
This has already led many homeowners to indefinitely put off home improvement projects, and others to cancel plans to build new homes.
You may make more profit just by immediately wholesaling that property as-is, than trying to rehab or improve it. Not to mention you’ll get paid a lot faster, and be able to roll up and compound those returns more times over the year.
Uncertainty In Rents & Future Property Values
If you aren’t certain that your income from rents will be consistent, or you just aren’t 100% sure where values on flips and buy and hold properties will be in a few months or the next 24 months, then it may be better to sell now and make the gain rather than gambling on the future.
You Can Finance Your Deals & Eliminate Risk
Real estate wholesalers can take advantage of transactional funding to finance 100% of their purchases and even closing costs. It’s fast, easy funding, that means you can virtually take all of the risk out of investing.
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