During the high times of real estate, channels like HGTV and Bravo fostered our faith in a market of seemingly limitless escalation. An entire subgenre of television arrived — a spate of series promoting the idea that anyone with access to a line of credit could reap a fortune buying a house and selling it at a 100 percent profit. So how are those shows doing these days?
Existing-home sales climbed 9.4 percent in September to their highest level in more than two years, fueled by demand for cheap properties and an $8,000 tax credit for first-time buyers, according to industry data released Friday.
For many investors, the very first question to ask before they buy is, “do I stay local or go national?” Of course new investors will always want to focus locally while the more experience investors look at both local and national markets. It really depends on your comfort level, your experience, and personal resources.
Throughout a bull and bear market, there is always one real estate investment strategy that has always worked for me, wholesaling. It is certainly not without its share of challenges but done effectively, it can provide you with a very nice return without the risks and responsibility of taking title. So how does wholesaling compare with other investment strategies? We discuss the pros and cons.
Are you interested in earning $3,000 to $10,000 per month or more buying and selling real estate without the risk of ownership or obtaining a realtor’s license? There’s a low risk approach to doing so without laying out large sums of cash. It’s called wholesaling.
In my 8 years of real estate investing, I have sold bulk REOs, flipped houses via wholesaling, completed several short sales flip deals, and flipped numerous pre-construction properties. I also have rehabbed over 40 single family houses here in South Florida. So, although I am not doing much rehabbing at the moment, I thought I would share with you my basic top ten rehab tips.