It doesn't matter where they are located just so long as they are good deals. Investors always ask me what a good deal is to me and my thought is if you have to ask if it's a good deal then it isn't one.
I can come up with cash by Friday for the right deals.
Thanks!
Stephanie Bell
2007-08-23 09:33:23 · 4 answers · asked by DallasDinna341 3 in Business & Finance ➔ Renting & Real Estate
Be carefull with Real Estate Wholesales Some People advertise "to be" whole salers for Real Estate but out of my experience you will find way better "deals" if you work with a local Realtor who knows the area well.
Working with quiet a few investors they show me once in a while those "whole sale" Real Estate offers. In most cases i am able to find a "better deal" in the same area with a comparable home.
2007-08-23 11:29:23 · answer #1 · answered by Monika Wilson 4 · 1⤊ 0⤋
Wholesale is BS! I am a Realtor and broker I have been in investment property for over 20 years. Wholesale is a marketing ploy. These crooks selling property with 30% built in equity are full of crap!
I once had a friend who thought he got a great deal at a wholesale car dealership. Same thing..... BS!
There are deals out there, the foreclosure market is booming! But you will have to hold the property and wait for the market to come back.
I see their victim clients all the time, they bought based on some bogus appraisal and big promises. They are usually told that the property will rent for far more than the monthly payment. BS! If it were going to rent for that amount it would be rented now!
Get more than one opinion of value! If you want to rent it, get a local property manager to assess your rent potential. Most agents are paid on a percentage basis, don't think they are working for you. The more you pay, the more they make!
Wholesale is what the "we buy any house" guys are paying. Then they paint it and sell it higher. What they are doing is finding desperate people who are in financial trouble and bailing them out at a loss.
2007-08-23 13:07:01 · answer #2 · answered by oldfatcowboy 3 · 1⤊ 0⤋
I would suggest waiting on buying any property, the market right now is not the greatest, you may want to wait until it gets better and be careful you seem so anxious to spend money, you can trust everyone on Yahoo Answers cause there are theifs out there..you should be cautious.. anyway i found a great site with some useful home buying information that i think will help good luck and be careful! :)
http://www.hughkice.com/
http://www.hughkice.com/PageManager/Default.aspx/PageID=2041205
2007-08-23 17:56:52 · answer #3 · answered by Pure Genius 3 · 0⤊ 0⤋
Wholesale Properties ?
Real Estate isn't jewelry ( wholesale , retail )
Never heard of "wholesale" properties in 50 years .
Try your ? again . . .
And you can get the $.5M minimum for investment properties and you're asking on yahoo Q&A ?
Something is wrong with this picture . . .
2007-08-23 09:43:56 · answer #4 · answered by kate 7 · 0⤊ 1⤋