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Updated almost 14 years ago on . Most recent reply

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How do you buy properties at wholesales prices ?

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Posted

How do you buy properties at wholesale prices ? Is it mostly from networking ? realtors ? Are you friendly with a banker ?

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  • Real Estate Investor
  • Landing, NJ
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  • Real Estate Investor
  • Landing, NJ
Replied

I myself am a newbie - but having done alot of homework this summer, I have learned this. The only way to enable wholesale buying is to search out Motivated Sellers.
On your first inspection of a property, your most important task, beside inspection, is to determine how motivated the seller is, what he owes on the mortgage/liens, and what his equity is. This is the only way to be able to buy wholesale. It's not about the property, it's about the seller.
My two cents.

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