Real Estate Wholesaler is a profession that many people misunderstand, and for good reason. There are lots of people trying to cash in on the real estate wholesaling business but they are often fresh out of a real estate seminar or have purchased the DVD. Many people claiming to be Real Estate Wholesalers do not have very much experience and are apt to make rookie mistakes. Don’t jeopardize your portfolio and investments; make sure to do some research before selecting a wholesaler to work with, you will be surprised by the benefits of working with a professional real estate wholesaler!
An unexpected benefit of working with a real estate wholesaler in Long Island is that the wholesaler will have analyzed the property in advance! This is an amazing benefit to you because they have already crunched the numbers. They will know the market rental rates, sales comps, closing costs for purchase and resale, rehab costs, taxes, utility costs, homeowners association fees and regulations, and insurance costs. This is an extremely important part of real estate investment; if you miss an annual fee or calculate the numbers incorrectly, then a property may not fit into your portfolio and start eating up extra funds.
Do you know of an investment-friendly bank? Another unexpected benefit of working with a real estate wholesaler in Long Island is that they will have a large base of referrals for any aspect of your investment. They have built relationships over the years with investment-friendly banks or private lending groups, title companies, insurance companies, property management companies, and other real estate professionals. They may even have affiliate companies that can provide these services at a discounted rate. This all saves you time and money!
An unexpected benefit of working with a real estate wholesaler in Long Island is that they have a history of moving a large volume of property and are in the know of when properties are available for purchase, usually before they hit the open market. They are able to bid and purchase the property at a price an average investor might not be able to. This allows the professional Real Estate Wholesaler to assign the property to you at a lower price than a less experienced wholesaler might be able to. Hello, savings!
Time and Money
Speaking of saving time and money… another unexpected benefit of working with a real estate wholesaler in Long Island is the time and money will save! This is an extremely valuable aspect of real estate investing that is overlooked. How long are you spending trying to find available properties and researching all of the property attributes? Are you contacting the local municipality for more information about the house? Doing research at night on your home computer about these properties when you could be spending this time with your family and friends?
The Bottom Line
How much money do you want to make? An unexpected benefit of working with a real estate wholesaler in Long Island is that they make money when you make money. They work in volume to provide you with the real estate inventory that are best fits for investment portfolios and will provide you the best bottom line in the market. Professional Real Estate Wholesalers will assign properties for much less than the weekender wholesaler who may only be working on one or two properties a month.
You will be surprised how smooth and simple the experienced Real Estate Wholesaler in Long Island will make your future real estate investment transactions. We would love to help you explore your options.