removal, etc.)
• security
On security, it’s important to remember that empty houses being renovated can attract criminals. This means that your home must be locked when no one’s there. If you have to fire someone who has a key, you need to change the locks, just in case. You should also consider getting a security system. Also, even if you skipped the loans and paid cash, that money is still tied up until you get the property sold. So, while you’re not technically losing money on this property, you’re theoretically missing out on another great property until that cash is free again. Obviously, the longer you have your property, the more all these costs add up. One way to speed up the process is to ensure your contractor can start work immediately after closing. This way, you don’t waste time waiting for permits to go through and construction to start.
BENEFITS OF WHOLESALING
As with any investment venture, wholesaling can be profitable, but it’s certainly not without its risks. Let’s first look at the positive aspects. Wholesaling is a good option for anyone who wants to start real estate investing.
There are a few reasons for this.
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