How to Find Wholesale Real Estate Deals Quickly

A number of investors believe that the fastest way to make money in real estate is to buy and sell foreclosures.

All you will have to do is pay a foreclosure service fees every month so as to give you a list of foreclosures in the area. Of course, from here on, you’d have to find a foreclosure deal yourself and make some money in the process.

But it doesn’t work. There are a number of reasons why it doesn’t work and which is why it isn’t worth your time.

Instead, wholesale deals tend to be an easier proposition. One way to do this is by looking at the classifieds both online and offline.

For starters, you can place ads in the newspaper mentioning that you buy houses for cash along with your contact number. This seems like the best approach as house owners will want you to consider their homes for sale. In other words, one must, in order to be successful, find distressed sellers.

All you have to do is write down the address and look for figures, in terms of comparable sales. After this, you can give them a general figure when it comes to how much you’d like to offer for the house.

Now, there are two things that can happen: either the homeowner would show interest or ask you to come and see their place. If you’re able to make a deal, then you can decide to either keep the house or assign the contract to another buyer for a certain fee.

The other approach involves looking for distressed sellers in the classified with keywords such as owner will carry, owner financing, must sell, any offer considered, make offer, handyman special, investor special and needs work and so on and so forth.