Buy Properties Wholesale/Cheap in South Florida
There is money in a catch and release tactic of real estate investing. It’s called wholesaling. And it’s the safest way to invest without risking your credit and draining your bank account. Wholesaling is buying real estate under market value and immediately selling it with a profit tacked on to the price you paid. The homes that lend themselves to wholesale tend to be pre-foreclosures, foreclosed properties or fixer-uppers — of which Florida has an amble inventory. As a wholesaler, you will usually sell the homes before you own them and move onto the next investment. This steady stream of transactions produces bite-sized profits — but ones that add up quickly with every sale you make.
It’s an investment strategy that has several variations, including the following:
• The market is full of properties that are nearing foreclosure. The owner is often willing to sell the home at a steep discount to avoid the mar on their credit a foreclosure would leave. You can negotiate a deal that is well below market value, and then sell it to another investor or retailer at a price that is still below the value, but earns you a cozy profit.
• Buying fixer-uppers — or handyman specials — affords the investor a great discount on the price of a home. You make the repairs and then sell it with the cost of the improvements plus a profit.
• You can buy homes from distressed homeowners who can’t keep up with their mortgage, then rent to the property owner with the option of them buying it back at a profit.
The market is rife with opportunities for wholesale transitions if you know the tricks. Damelecia has a roster of homes available to the wholesaler, so you don’t have to do the footwork. We will help you develop a network of investors, connect you to possible investments and coach you through the process.
Sign up below to get started.
June 1st, 2009 at 10:26 pm
Hi, good post. I have been wondering about this issue,so thanks for posting. I’ll definitely be coming back to your site.
July 3rd, 2009 at 5:13 am
Wholesale Magnetic…
We link our site to this blog – for the impotent information that it gives….
July 6th, 2009 at 4:08 pm
Hello. I think the article is really interesting. I am even interested in reading more. How soon will you update your blog?
October 20th, 2009 at 12:24 pm
I love the great posts in this blog and I have added it to my bookmark, thank you!
November 12th, 2009 at 9:33 pm
http://www.damelecia.com is very informative. The article is very professionally written. I enjoy reading http://www.damelecia.com every day.