Though experts in the wholesale real estate business affirmed that house flipping and renting out properties could provide viable returns over the long haul, the promise of realizing hefty and hasty profits in wholesaling cannot be ignored at the same time.
They added that investing too much on assets that are not easy to dispose could serve as an investment drag for your money that could find better use elsewhere, where it can deliver back tons of cash on mere short waits.
For any real estate practitioner, the thought of being flushed with numerous property assets but short on cash could spell an almost certain financial disaster.
That is the usual case with the conventional real estate business, which entailed risky propositions as against with wholesale of properties that only call for adroit conduct of business and of course, much of hard work.
Much of the dirty works though transpired at the preparation stage, where you identify properties that need serious refurbishing while at the same time scouting for buyers who would be willing to part with their money for such houses.
In most cases, you’ll run into house flippers in disposing off the house that you never even paid a single dime in acquiring. You simply facilitate the transaction between the owner and the buyer and voila, you get to run to the bank with your fat wholesale fee.
And wholesalers need not look too far in scouring for distressed properties, which are mostly aplenty in every given local area. Once you zeroed-in one particular unit, you only need to connect with a prospective buyer and then close the deal, then move on to the next transaction.
Simply put, the whole episode of conducting the wholesale business is almost fast and easy, and of course, richly profitable.