Viewing entries tagged property types Subscribe to feed

4 Types Of Properties You Could Be Wholesaling Now

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 28 January 2021
BestTransactionFunding

 

Looking for more deal flow?


It’s competitive out there. Some investors may want to expand the property types they are flipping and wholesaling to maintain their volume and incomes and to grow while the market is ripe.


If you aren’t already, consider these types of properties…


Rental Condos

The president has now extended the national eviction moratorium until the beginning of April 2021. NY has already stretched that out until May. Even without any further extensions it could be years before many landlords can expect to evict occupants.


That doesn’t mean that there aren’t legal ways to get them to move, or start getting income coming back in. It just may be beyond what most landlords want to deal with.


You can flip these units to other investors willing to put in the extra work. Or help vacate them and resell them to retail buyers or convert them into short term vacation rentals.


Suburban Single Family Homes

There has been a rush to the suburbs and rural areas over the past year. It makes long term sense for many buyers. Though there will be plenty who realize it just isn’t for them. They will find it too quiet and boring or too wild. As they move back to the city, especially as lockdowns fade, expect to be able to flip these deals that motivated sellers are eager to get rid of.


Vacant Land

There are many reasons land is in demand now. Some want to acquire neighboring properties to retain their privacy and expand their space. Others want to build new homes or have their own getaways where they can park RVs. Some are looking at the long term and are happy sitting on land indefinitely. Meanwhile many realize they have extra land they never use and which is costing them money to hold every month, and could use the cash.


Commercial Real Estate

While many are finding a hard time envisioning a future in which office or retail makes sense at all, some big developers are bullishly pushing ahead with building big projects and hoping tenants come back. In other cases redevelopers are converting these buildings to warehouses, distribution centers, or more residential units. It is another space in which there are lots of motivated sellers, and the potential for big gains on the flip side.

Rate this blog entry
0 votes

4 Emerging Property Types Ripe For Wholesaling

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 31 January 2019
BestTransactionFunding

 

There’s no question that the real estate market is changing. They say there are always opportunities. So, where are they now?

These four property types are becoming ripe for real estate wholesalers, and could offer the profit margins and volume investors need to keep up their cash flow in the year ahead.

1. New Construction Condos

There has been a speculative building spree brewing in some hot cities for several years. It’s now apparent that is catching up with some builders who have mountains of inventory they’ve been unable to offload. Even despite offering upgrades or paying association dues for years. In many cases their lenders simply won’t allow them to reduce public asking prices. However, they may be bought off market in bulk at deep discounts. Developers want to cash out of projects and focus on their next move. If you can score deep enough discounts, you can have beautiful product, and still move them at a bargain price that is attractive to end buyers.

2. Multifamily Apartments

Many single family home investors have been trying to step up to apartments. Yet, many are still struggling with their funnels and finding the deals. By building relationships, and with better marketing wholesalers can serve up these deals on a platter. In some cases, whole buildings designed as condos could be ripe for reverse conversions for those seeking buy and hold deals for cash flow.

3. Rural Homes

There are disadvantages of going too rural. Smaller buyer pools is a good example. Yet, with prices so high in urban centers, and little house for the money, expect more buyers and landlords to be hunting for properties on the outer suburbs. There is less competition for now, and the cheap prices could produce big spreads.

4. Ultra Luxury Homes

A new home sales price record was just set for over $230M. Other listings could push that record to $500M and even $1B before long. Even though there may be some concerns over a new recession, the ultra wealthy are normally unfazed. They can lose a billion and still be doing very well. In fact, softness in other markets can drive them to invest more in brick and mortar assets.

What will you wholesale this year?

Rate this blog entry
1 vote