How to wholesale real estate can best be demonstrated with a video. While visiting my Dad on Father’s Day weekend, I stumbled across a terrific real estate wholesale deal. We were actually driving through some random neighborhoods of Nashville to simply get my daughter to fall asleep and take her afternoon nap. We had no intention of looking for a wholesale deal. That’s one of the beautiful things about real estate. Deals are everywhere!
To wholesale real estate, you need to find opportunities that most everyone else overlooks. In the video, you discovered that a neighborhood eyesore could be a dynamite wholesale real estate deal. Builders were tearing down old, dilapidated houses and rebuilding very nice homes. This is one of the most profitable wholesale niches. The key is to locate neighborhoods where the lots are about as valuable as the older houses. This usually occurs in areas where $1M+ homes can be built.
Wholesaling real estate creates fast cash. You can make quick money by flipping or assigning your interest in a deal to another buyer. The most likely buyer of wholesale real estate is an investor, or in the case of the above video, a builder. You can make even faster profits if the buyer is paying all cash. Waiting around for an investor buyer to get a loan can be frustrating.
One of the best ways to find wholesales is to drive around. When you know what you are looking for, you can spot opportunities that most other people overlook. In the video, you saw that I found a vacant, dilapidated house just a few homes away from new built homes. The only way to have learned about this deal was to have driven past it.
There are diamonds in your own backyard and real estate wholesale deals all around you. Watch that video again. That is how to wholesale real estate.