Thursday, 15 October 2015

Buying a First Home

Buying a home is a great achievement and one that should not be taken for granted.

If you are buying a home, it means that you feel financially ready to do so. You must remember however that the home prices can vary greatly depending on factors such as their size, the amenities and facilities available, their location and their age. The newer the homes the more costly they tend to be for instance.

The condition of the home is very important before buying. The fact is that many people have ended up buying properties not worth the money they spend. Have a home inspection done before buying. Knowing the condition of the home gives you confidence in the property you are buying.

Location Convenience
Most buyers make the mistake of considering current needs when buying a home. go here for details

Monday, 5 October 2015

Virtual Wholesaling

One example of that is to negotiate deals, on real estate, that are marketable.

In the markets we do business in, we hear people complain that they can't find good deals. They complain that they want to virtual wholesaling deals to generate some income, but no one is accepting their offers. Wholesaling real estate in its simplest form is just getting houses under contract that you can sell for a quick profit. The last time I wholesaled a house I made $15,000. Right now I am working with a client that will make over $125,000 on a wholesale deal. He and I have been part of a deal where the wholesaler made $250,000. What is more common is $3,000 to $5,000 per deal.

Most often, that is the case; but not all wholesale deals need to be big discount properties. I and some people I know would be very interested in buying some deals with great terms. In fact, I could pay full retail price if the terms made me money. If you account for vacancy and maintenance, your net income might be 80% of gross without a management company (this is on a single family home). For the wholesaler, they have no risk or money into the deal and just made $6,000.