Wholesaling Real Estate For Huge Profits: Luxury Home Sales And Creative Investing
October 22nd, 2009
Sellers who haven’t completely paid off the Wholesale Real Estate property are often willing to sell it for little more than they still owe. They need income, and will likely finance it to you themselves for a reasonable monthly payment. When you offer it to the buyer, you can offer it for maybe only $300,000 over what you paid and make a significant profit. Finance it yourself with a 10% down payment and you’re looking at a huge monthly check! The buyer thinks they’re getting a great deal – you can’t qualify for a mortgage with 10% down anymore. You can make your payments to the original owner and end up with several thousand dollars per month in profit.
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