Wholesaling provides an opportunity for people to build income with little capital or no credit. It requires ambition and some specialized knowledge. The more ambition you have, the more money you will make. If you need to earn some extra cash to get started investing in real estate, wholesaling is a great way to do so. Even if you’re not sure of values, repair costs, potential rents, etc. you can still wholesale as many properties as you can find as long as it’s a deal. You can get an education and get paid for finding properties.
What is wholesaling?
Simply … it’s finding a bargain property and passing it on to another investor/buyer. That buyer will either purchase the property to resell it or hold it for potential rental income. Your profit as a wholesaler is the difference you’ve negotiated with the homeowner and the equity spread you’ve created with your buyer. The buyer should get the majority of the profit! This is important because there has to be room in the deal for your buyer to do repairs, and most importantly you want repeat customers. This spread could be $2,000 … $5,000 or more. Not too bad considering you didn’t invest any of your own money.
How do I find buyers?
You need to start by building your buyers list. Your buyers list is composed of individuals who are interested in purchasing your great deals, and have the cash to do so. Posting bandit signs advertising that your company buys houses, running ad in a newspaper, direct mail, flyers, postcards and posting to websites like Craigslist can increase your buyers list immediately. Be sure to include your name, number, fax, email and website on the information. Even if you sell the property, keep running your advertisements.
What if no one buys the house I have under contract?
If your buyers do not like the house, or if you can’t find a buyer for the home, always have an escape clause to terminate the contract. Having an exit strategy is very important to becoming a successful wholesaler. Need to sell your home? We can close in as little as a 9 days. We service Maryland, DC, and Virginia. Please feel free to contact us at 1-888-210-6134, info@asginvestments.com or visit us at www.asginvestments.com
Thursday, September 11, 2008
Tuesday, August 19, 2008
Even more proof that we're Maryland's #1 Real Estate Investment Company
A follow-up visit with a satisfied customer who expresses his appreciation with our class act exceptional service.
We're dedicated to making a win-win situation.
Antoine & Shonda
ASG Investments, LLC
Visit us at http://www.asginvestments.com/
1-888-210-6134
We're dedicated to making a win-win situation.
Antoine & Shonda
ASG Investments, LLC
Visit us at http://www.asginvestments.com/
1-888-210-6134
Friday, August 1, 2008
MD's #1 Real Estate Investment Company
A few of our satisfied customers express their appreciation for our class act exceptional service.
We are Antoine & Shonda (ASG), we are associated with a group of private investors and we buy a number of homes each month throughtout the MD/DC/VA metropolitan area ... and in every price range, but the best part is, we use private funds that require no long, drawn out bank approvals ...
We can usually close in 9 days ... we are as serious about buying your house as you are about selling it.
We're dedicated to making a win-win situation.
Antoine & Shonda
ASG Investments, LLC
Visit us at http://www.asginvestments.com
1-888-210-6134
We are Antoine & Shonda (ASG), we are associated with a group of private investors and we buy a number of homes each month throughtout the MD/DC/VA metropolitan area ... and in every price range, but the best part is, we use private funds that require no long, drawn out bank approvals ...
We can usually close in 9 days ... we are as serious about buying your house as you are about selling it.
We're dedicated to making a win-win situation.
Antoine & Shonda
ASG Investments, LLC
Visit us at http://www.asginvestments.com
1-888-210-6134
Will the housing market BOOM or BUST in 2008?
Wow, 2008 is here. It’s hard to believe 8 months have passed since the market first showed signs of unraveling…and we’re still asking when it’s all going to end. These two looming questions from 2007 are sticking with us like a bad hangover:
What’s going to happen with the housing/credit markets, and how will it affect the economy this year?
On the 2008 economic outlook …
Of course, everyone has an opinion about this (including us), but the general consensus seems to be that it’s not going to be a banner year for the US economy. Until the housing market is “un-slumped” and credit market “un-crunched,” our economy is going to be stumbling a bit.
On what the feds are doing to try and stabilize the credit markets…will it help?
“The national loan modification and rate freeze will not stabilize the market in any significant way, as the real issue is the availability of money to create new loans. Right now, that’s at a minimum nationwide. If lenders’ mortgage loans are “non-performing” (meaning, in default or close to being in default) they tie up capital that would otherwise be used to fund new mortgages.” On the overall market…should buyers make their move in 2008?
“It’s become a buyer’s market and sellers are anxious to negotiate. The New Year presents opportunities that have not been seen for years. Lenders that are not affected by the current mortgage slowdown will work with qualified borrowers to get them financed and complete their home purchase. If you’re thinking about purchasing a home, this is a good year to do it, because the market is predicted to begin moving again at the end of the year and into the next, but for now, buyers are in the driver’s seat.”
If you have any questions or would like to speak with us directly please feel free to contact us at 1-888-210-6134!
What’s going to happen with the housing/credit markets, and how will it affect the economy this year?
On the 2008 economic outlook …
Of course, everyone has an opinion about this (including us), but the general consensus seems to be that it’s not going to be a banner year for the US economy. Until the housing market is “un-slumped” and credit market “un-crunched,” our economy is going to be stumbling a bit.
On what the feds are doing to try and stabilize the credit markets…will it help?
“The national loan modification and rate freeze will not stabilize the market in any significant way, as the real issue is the availability of money to create new loans. Right now, that’s at a minimum nationwide. If lenders’ mortgage loans are “non-performing” (meaning, in default or close to being in default) they tie up capital that would otherwise be used to fund new mortgages.” On the overall market…should buyers make their move in 2008?
“It’s become a buyer’s market and sellers are anxious to negotiate. The New Year presents opportunities that have not been seen for years. Lenders that are not affected by the current mortgage slowdown will work with qualified borrowers to get them financed and complete their home purchase. If you’re thinking about purchasing a home, this is a good year to do it, because the market is predicted to begin moving again at the end of the year and into the next, but for now, buyers are in the driver’s seat.”
If you have any questions or would like to speak with us directly please feel free to contact us at 1-888-210-6134!
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