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Updated over 16 years ago,
Making a lot more than wholesaler w/ not much more work
So I am trying to use this post as a comparison of a quick turn retail sales strategy vs. wholesaling and the $ earned per hour of effort, as well as the $ necessary to do each.
Does anyone have a good system for quick turning properties that don't need a lot of work to retail buyers? I'm assuming that the property is bought using terms not cash. I'm guessing the biggest components of the process would be the marketing of the home. So I'm thinking that marketing would consist of:
Sending an email to your buyers list of people looking for a new home
Listing the home on a couple of fsbo sites
Listing on craigslist and backpage.com
Listing on your website
Signs near the property
So, what other things other than realtors do you use to market homes to sell to retail buyers very quickly?
In this market, if you are doing this method are you staging the home? Yourself or paying a company?
How long is it taking you to sell with all of your heavy marketing?
How much total capital do you need to sell by this method including marketing and holding costs of the property? How much is your average profit from a quickturn retail sale of a property?
Would it just be better to rent to own the property from the beginning with only a 1 yr contract and highly screen the buyer to make sure they could already qualify for a loan?