How to Get Fast Cash

This series of articles will help you determine what to offer on any kind of wholesale (and other investment) properties. The key to success as a real estate investor is to have a proper offering system in place. Knowing what to offer on a property is necessary in order to even stay in business for long. Our web-based offering software makes this process easy and quick.

But let’s get into it. There are four parts of a wholesale deal:

*Determine the right price to pay

*Learn the secrets to successful negotiating on wholesale deals

*Discover what the wholesaler is really thinking

*Make informed decisions to buy the right deal

When referring to buying wholesale properties from an investor, it is often commented: “Buyer Beware!” The feeling is that many of the wholesalers in the field are unscrupulous, and will take advantage of unwary buyers. The truth is that most wholesalers are very ethical and provide a valuable service. The trick is to be able to evaluate each deal to make sure it is profitable for YOU.

Don’t allow the fear that a wholesaler may be unethical deter you from buying wholesale deals. Think about it, when you are dealing directly with a motivated home owner, do you know if he is ethical? Of course not. So to protect yourself, you must know how to fully evaluate a prospective lead, then purchase the deal that makes sense. So how do you evaluate a deal?

First of all, you have to look at a wholesaler just like any other home seller in the field. No better, no worse. You don’t try to buy a house from a homeowner, and ask the homeowner to tell you whether it’s a good deal or not. You expect them to advertise the

best points, and you’ll determine, based on your own criteria, if it makes sense or not. You should approach wholesale buying the same way.

When you receive a wholesaler’s ad for a property, your first job is to determine whether to pursue it further or not. In other words, quickly weed out those that do not meet your investment criteria. For the purposes of this task, it is OK to assume that all of the data provided is 100% accurate. If you are not interested in the deal at this point, there is no need to validate any of the data.

On the other hand, if the property does meet your criteria, then verify all the information, apply your own formulas, and create the offer that makes financial sense. I know that this should go without saying, but always visit the property before making your offer. Believe it or not, many investors buy sight unseen, then later discover the property wasn’t what they expected.

If you follow these steps you will no longer be at the mercy of the wholesaler or any other seller. You’ll be able to evaluate the deal for yourself, picking and choosing the ones that make the most sense.

In our upcoming articles on this topic we will cover the following:

*Determine the right price to pay

*Learn the secrets to successful negotiating on wholesale deals

*Discover what the wholesaler is really thinking

*Make informed decisions to buy the right deal

To Your Success,

Tom & Svein

What2Offerdotcom