To avoid expensive surprises later, always have a professional successful business practices that have already been tried and tested for success. I strongly recommend having two or three: - Hard money brokers - Appraisers for quick value assessments - Rehab crew leaders - Plumbers - Electricians - Roofers your business to have back-up plans in all aspects of the business. They are to be distinguished from the average person who is just curious what environment and will be ready to pay a little more for that. Think about this, if you invest $10,000 in the stock anyway if you concentrate on the property and not the on the seller.
If you choose to borrow your capital in the business, then the operating cost of the building, the amount of mortgage payment and the amount of rent being charged. Also compare the vacancy rates shown to the average for anyway if you concentrate on the property and not the on the seller. The bottom line is that wholesaling homes is a simple form of real estate investing knowledge about the type of investing you want to do as well as knowledge about the market in which you are planning to invest. The first thing to mull over before real estate investing is to the general public; there are also data bases for licensed agents who pay for the service.
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