Resell to qualified investors for a quick profit


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Real estate investment is an interesting game. You are betting that a piece of property you invest in is going to make you money either through rent or through resale. If you are looking to make money on your investment fast, your best option would be to resell the property to a qualified investor.

Things to consider

The less amount of time you hold on to a property, the better. However, a short turn around on a piece of property means a lot of work and paperwork in a little amount of time, and anything can go wrong. Finances may not work out. Buyers or investors may back out at the last minute. Hired contractors may not finish the job. These factors are out of your control, but they have to be considered when you are looking at investing in resalable property

It’s all About the Money

In addition, the biggest defining piece of the investment puzzle is the acquiring of the property. In order to make a profit, you have to purchase the property for asking price minus the amount it will take to fix up the property. If you do not try to get the repair amount knocked off of the asking price, the chances are you will lose money when you go to sell the property to investors. If you aren’t going to fix it and are selling it as is to investors, you need to make sure that your commission or handling amount is also taken off of the price. This is so you can have a paycheck when the property sells.

Try to remember these when looking at property resale:

When you are looking at properties, determine if the amount of the home is going to be too much for you to be able to make a profit.

If the home doesn’t appeal to you, it’s not going to appeal to your investors.

Renovations or fixes should be done in the most time efficient and money efficient way possible, including DIY stuff and contractor stuff.

There is a lot of money to be made in real estate investment, but you have to be smart about  the properties you choose and how you handle it. For more information on real estate investment, contact us at Homevestors.com. We also have information on real estate franchises for those individuals that want to expand their real estate business.

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