Flipping before closing
Wholesaling is when you wholesale a fixer upper property to a rehabber. You use the wholesale formula to purchase property no more than 30-60% of its value. You will learn how to buy deep discounted Canadian real estate properties at LIVE training. Wholesale deal will require you to find a cash buyer to assign. The wholesale properties that need major repairs are great for builders and renovators.
Secret of making money in Real Estate
When you wholesale a property subject-to due diligence for 30 banking days it is called a pretty house. Subject-to subject gives professional real estate investors the chance specialize in purchasing properties. Investors cash will never be used as well as your credit. Your back end profit should be at least 40% when you purchase a property. Real estate is competitive and a numbers game.
Here is what you do for quick closing and all cash wholesale deal. Let’s pretend that you get a Canadian panic seller and they will sell their property at 40-60% discount due to circumstances. All cash required in a short period of time. This real estate deal is good match for Canadian hard money lenders as well as joint venture partners. This property will be the security for Canadian hard money lender for fast closing. Finders fees can be paid once this real estate deal is assigned before closing.
Before assigning this wholesale deal, due diligence is must. Appraisal by Accredited Appraiser Canadian Institute (AACI) is required.
To flip a deal, you must have compare market analysis and three estimates from the renovators.
Strict screening process will let qualified Canadian real estate investors take over your assignment deals your house.
New Canadian investors will find wholesaling very difficult.
Once you have a seller enters in the contract, make sure due diligence and assignment clause are in place.
Then begin promoting to fellow Canadian real estate investors at http://www.preigcanada.com/forums/. Start marketing How to Buy your deal far below current market value. You can assign this deal before closing to qualified Canadian real estate investor and get paid assignment fee.
Please learn how to do this by attending Canadian real estate strategy apprenticeship (CREISA) so you are not wasting precious leads.
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