Wholesaling generally refers to the process of buying a property for below market price, and then selling it to another investor, usually without fixing up the property – it’s a procedure also sometimes described as “flipping properties.” Buying and selling wholesale properties in Boca Raton can be difficult and challenging as sellers are instinctively inclined to sell their property for more if they realize you are a wholesale investor.
Whereas the deal itself can sometimes be difficult, finding properties to resell at a profit is relatively easy – if you know where to look. Many people who sell properties at wholesale prices are what might be called “motivated sellers” – those who are desperately trying to sell for a compelling reason. These reasons can include foreclosure, relocation or personal or health issues.
There are several methods of finding suitable wholesale properties in Boca Raton. Some of the best wholesale deals can be obtained from a property, which often has failed to pay taxes – a procedure known in the industry as “land banking”.
Concentrate on looking for foreclosures. Apart from lists provided by banks and other lenders, you can also locate foreclosures by reading the notices issued by the city or county and posted in the legal sections of business journals and local newspapers. Some wholesale properties in Boca Raton, FL are available to purchase if it has been “red-tagged”, meaning that the house is unfit for human habitation because of a safety or health issue.
Networking is important when it comes to locating and buying wholesale properties. If local realtors are aware that you are interested in potential wholesale deals, you will find it a lot easier to find wholesale properties in Boca Raton, FL. A good network of useful contacts is invaluable and one of the best things you can have in real estate. Make sure you always follow up with your contacts – rather than waiting for them to call you back.
Many people who are trying to locate wholesale properties in Boca Raton, FL make the understandable mistake of concentrating on the cheapest properties in the area. In fact, a profit can be made from wholesaling more expensive homes as there are usually homeowners who are desperate to sell their more expensive home, too. Wholesaling has been around for a while, but in recent years it has become more widespread and acceptable – and contrary to what some people believe, it is perfectly legal. And with the right knowledge, foresight and connections it can be a profitable venture.
If you have found wholesale properties to sell, you can come to us and we will help you flip the house. We will buy those properties so you can get your cash without worries and waiting. Unlike other real estate investors, we make sure that we provide you with top dollar for the properties you are selling. As a deal, if you do not like the offer, you can walk away easily. Give us a call today to find out if we are the right company for you.