Is real estate still a good investment option in this market?
Can you still make money wholesaling properties?
Are investors still buying properties?
The answer to all these questions is absolutely YES! In fact this is one of the best markets we’ve seen in a long time for making money in real estate. There are more motivated sellers than ever. Properties that were too high priced before to cash flow now make great rentals. And the savvy investors realize that we are approaching the bottom of the price fall, which means now is hte time to start acquiring properties and take advantage of the appreciation which will soon start.
Wholesaling is a great strategy to follow whether you are brand new looking to create a profitable business, or you’re a rehabber looking to find more great properties; or you’re trying to build your rental portfolio.
A Wholesaling business can easily provide multiple high dollar profit deals a month which in turn can fund a rather substantial marketing budget (in addition to the money you put in your pocket). As your marketing grows, so will the number of great deals you contract. As a rehabber you can pick and choose the best ones for you in the area of your choice. You will never again have a down period where you don’t have a property to work on. As a landlord you’ll find many properties you can pick up in rent ready condition that will provide not just a positive cash flow, but also signifiant built-in equity.
I have always used my wholesaling business as a means to keep both my rehab and my rental portfolios full; not to mention how nice it is to have siginicant cash coming into the business every month.
One of our clients wanted to focus on creating a huge rental portfolio. I advised him to set up a marketing campaign to drive leads; select the deals he liked (especially those that you can by subject to the mortgage) and to wholesale the rest to create additional cash flow.
In his first year he acquired over $2 million dollars of real estate in his rental portfolio comprised of houses under $175,000 – all with positive cash flow. He also earned $70,000 in wholesale profits at the same time!
If you’re not wolesaling properties – you’re missing the boat – a huge cash boat!
Expect abundance,
Lou Castillo
