Sat, Mar 20, 2010
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| Answer | ·What is Real Estate Wholesaling?Wholesaling is the intent to flip or do a quick resale of the property to make a profit. You can do this by purchasing a house, condos, or apartments in need of repair and wholesale to another investor.
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| ·Why is wholesaling good for beginners?Wholesaling is the probably the best way to start in to real estate investing. The reason is simple. You learn how to run as an investor while your walking as a wholesaler. You will learn how to find better deals as a wholesaler and you will have the knowledge and experience without having to tie up large amounts of cash. [ Back to Top ]
| ·How does one flip a property?There are a couple of ways.
1. You can purchase the house outright and sell the house outright.
2. Put the property when you purchase it into a Land Trust, then reassign the beneficiaries.
3. MOST SIMPLE - Assign your contract to your buyer. All you collect is the assignment fee. [ Back to Top ]
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