Wholesale Propeties (Quick Flip) Education
What is it?
In a wholesale, someone buys or puts under contract a property with the sole desire to sell the property, or the interest of the property, without doing any improvements or updates.
Pros:
- Very limited amount of cash needed to get started
- Very limited exposure
- Ability to make quick cash fast
- No tenant issues or concerns
- No contractor issues
- Great entry into real estate
- No credit needed
- Provides fewer tax benefits than other investment types
- Generally smaller amounts of cash made on each transaction
- No long-term wealth building residual ability
Marketing Advice:
- Look at online bulletins and newspapers for distressed sellers.
- Bandit signs in high investor activity areas.
- Post-it Notes, direct mail, postcards in high investor activity areas as well.
- Internet e.g. Pay-per-click, etc.
