My Fleep:
Real Estate
Real Estate
Wholesaling Investment Property
The simple scale of our Real Estate investing operation out
grew our ability to effectively manage renovating and
marketing all of the properties we were working with. In
short, we were generating far more deals than we could
handle without significantly re-structuring the business.
At one point, there were over 80 properties purchased and
waiting for repairs. Holding costs were out of control.
Rather than hiring large numbers of new staff and workmen,
and thereby working with far smaller margins on each
property we worked with, we turned to utilizing what we had
in a different way.
Our effectiveness in finding great deals produced more than
we wanted to work with. Since then, we have adopted
"wholesaling" property to other investors. Also, we no
longer concentrate on rental property as we once had for
similar reasons, too many properties to manage without a
substantial restructuring of our business. Therefore, when
we now resell to other investors, we aren't in competition
with them. We have actually become a resource and a
partner, in some ways, for many real estate investors.
When we use the term "wholesaling", we are referring to
reselling properties that we have either purchased or are
controlling as-is, at a markup that still allows investors
to purchase the property at 50% to 70% of the market value.
This has allowed us to overcome the problems of managing
renovations on a large scale without substantially changing
what we do best. This is a valuable lesson to learn from as
it can benefit you in your search for property and
investments. It is likely if you are involved in real
estate investing to any level, you will run across
properties, which are good deals, but for various reasons
may not be what you are looking for. Whether it is the
location, type of property, etc., that makes it undesirable
for you; there is someone else out there who is looking for
it.
Finding that person may be a lot easier than you think, you
may already know them through an investor group you belong
to. Placing an ad in the paper or working with Realtors are
also viable ways to sell these properties. If it's a good
deal, it will sell. One thing is certain in the business of
real estate investments, the "hardest" part is finding a
deal. The rest of it falls into place fairly easily once
you have.
How does Wholesaler find real estate investor association
or groups in their area? Its easy do a Google search on any
of following: Real Estate Investing Clubs, Real Estate
Investment Association, REIAs, REIA, Real Estate Investing
Classes, Real Estate Investing Groups, Landlord Club, Real
Estate Mentoring Programs, Foreclosure Boot Camp, Real
Estate Training Classes, Real Estate Seminars, Real Estate
Schools, Real Estate Courses, Real Estate Investing
Network, Real Estate Conventions, Real Estate Boot Camps,
and Real Estate Forums. One tip on this and any investment
you do is, don't let greed drive your business. It's the
biggest pitfall to real estate investors. Holding out for
the most, highest dollar usually results in disaster. Make
money and move on.
An old saying in real estate: "One deal can‘t make you, but
it can break you". Take a win - win approach to your
business, it does work the best and ultimately is the only
way it works.
----------------------------------------------------
Ralph Marcus Maupin, Jr. (Mark Maupin), Speaker, Professor,
Co-founder National Real Estate Network LLC (REIA), Get
Free Real Estate Forms, Terms, Articles and Real Estate
Club Locations at: http://MegaEveningEvent.com
The simple scale of our Real Estate investing operation out
grew our ability to effectively manage renovating and
marketing all of the properties we were working with. In
short, we were generating far more deals than we could
handle without significantly re-structuring the business.
At one point, there were over 80 properties purchased and
waiting for repairs. Holding costs were out of control.
Rather than hiring large numbers of new staff and workmen,
and thereby working with far smaller margins on each
property we worked with, we turned to utilizing what we had
in a different way.
Our effectiveness in finding great deals produced more than
we wanted to work with. Since then, we have adopted
"wholesaling" property to other investors. Also, we no
longer concentrate on rental property as we once had for
similar reasons, too many properties to manage without a
substantial restructuring of our business. Therefore, when
we now resell to other investors, we aren't in competition
with them. We have actually become a resource and a
partner, in some ways, for many real estate investors.
When we use the term "wholesaling", we are referring to
reselling properties that we have either purchased or are
controlling as-is, at a markup that still allows investors
to purchase the property at 50% to 70% of the market value.
This has allowed us to overcome the problems of managing
renovations on a large scale without substantially changing
what we do best. This is a valuable lesson to learn from as
it can benefit you in your search for property and
investments. It is likely if you are involved in real
estate investing to any level, you will run across
properties, which are good deals, but for various reasons
may not be what you are looking for. Whether it is the
location, type of property, etc., that makes it undesirable
for you; there is someone else out there who is looking for
it.
Finding that person may be a lot easier than you think, you
may already know them through an investor group you belong
to. Placing an ad in the paper or working with Realtors are
also viable ways to sell these properties. If it's a good
deal, it will sell. One thing is certain in the business of
real estate investments, the "hardest" part is finding a
deal. The rest of it falls into place fairly easily once
you have.
How does Wholesaler find real estate investor association
or groups in their area? Its easy do a Google search on any
of following: Real Estate Investing Clubs, Real Estate
Investment Association, REIAs, REIA, Real Estate Investing
Classes, Real Estate Investing Groups, Landlord Club, Real
Estate Mentoring Programs, Foreclosure Boot Camp, Real
Estate Training Classes, Real Estate Seminars, Real Estate
Schools, Real Estate Courses, Real Estate Investing
Network, Real Estate Conventions, Real Estate Boot Camps,
and Real Estate Forums. One tip on this and any investment
you do is, don't let greed drive your business. It's the
biggest pitfall to real estate investors. Holding out for
the most, highest dollar usually results in disaster. Make
money and move on.
An old saying in real estate: "One deal can‘t make you, but
it can break you". Take a win - win approach to your
business, it does work the best and ultimately is the only
way it works.
----------------------------------------------------
Ralph Marcus Maupin, Jr. (Mark Maupin), Speaker, Professor,
Co-founder National Real Estate Network LLC (REIA), Get
Free Real Estate Forms, Terms, Articles and Real Estate
Club Locations at: http://MegaEveningEvent.com