It’s quite simple, really: Why wholesaling is so HOT right now.
True to our name, we are into every real estate niche imaginable–and some you’ve likely never imagined. But right now FLIPPING houses WHOLESALE is the rage. Why? The answer is rather simple: we’re in a full-blown buyer’s market. To sell houses in most parts of the country means you have to stand out from the crowd and PRICE is about the only thing that helps you stand out these days.
In the good ole’ days (read: seller’s market) there was plenty of room for error. If you bought it too high, or if you put too much into rehab, just wait awhile and the appreciating market would catch up with your mistakes. Well, there is just a lot more downside risk for the real estate investor in a flat or declining market which most of us are experiencing right now.
Hence, the change of strategy from BUY & RENT or BUY & LEASE/OPTION to the national rage of BUY & FLIP… WHOLESALE. Many investors, as a matter of fact, are doing every thing they can NOT to buy. By optioning properties and then assigning them for a fee, there is little opportunity to make a downside mistake and not be able to sell your property for what you have into it. But this usually means selling to someone at a discount who has the cash to make things happen quickly–another investor.
There is one other target buyer out there who we consider THE SWEET SPOT and that is the homeowner looking for a good, but not great, deal. These buyers are not quite as price conscience as the investor buyer. Thus the term WHOLE-TAILING is born which is selling at some discount to a homeowner who is the traditional retail buyer. Wholetailing is the way to go but you’ll need some tools to get there.
Do you want to get into the SWEET SPOT of real estate sales? Hold on because we’ll be addressing this in one of our segments: Selling For Close-To-Retail in a Wholesale Market
Wave goodbye to traditional financing.
Some investors are looking to option every deal and then sell with an assignment fee. But there are times this just doesn’t make sense. In those times you’re going to need money and sometimes, lots of it. Where are you going to get the capital to keep your buying and selling business going?
Well, apparently not from traditional lenders. From 2000 to 2006 1 out of every 400 deals involved seller financing. Today 1 out of every 50 deals involves seller financing. To put it another way, there is now 8 times less traditional financing available then there was just a few years ago!
To borrow money in today’s lending climate, you need:
1) To cultivate people who have capital to lend you–whether it’s from private lenders who are “hard money” sources or relatives and friends who are “medium money” and “soft money” sources.
2) To have a strategy to find these “lender partners” over the long haul.
To learn more about securing PRIVATE FINANCING check out our website: www.PrivateLenderWanted.com
What our namesake means to us… and hopefully, one day, to you.
| OUR MISSION finds its vitality from our namesake of being GOOD S-T-E-W-A-R-D-S. |
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| S ervice We want our byline to provide our focus: Serving People in Their Housing Needs |
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| T ruthfulness We understand that no goal is worth dishonesty to obtain it. Integrity is our very first priority. |
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| E xcellence We are professionals who know that being good at what we do takes a lot of ongoing training. |
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| W orking Together We rely on the strength and synergy of teamwork and look to form high quality partnerships. |
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| A bundance Mentality We don’t hoard what we know by operating with a scarcity mind set. We have no secrets. |
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| R eal… Estate Investors We don’t hide who we are, but arrogance and boasting do not befit a steward. Humility does. |
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| D iligence We are systems driven. In everything we do we seek to work smart and not just hard. |
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| S uccess In the course of our work we want to make money, and lots of it. To do so we know that the second “S,” Success, comes after first “S,” Service, and that every word between them provides a critical link to any real achievement we attain. |
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| THE GOOD | ||
| We begin with SERVICE… |
S |
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| …as we work for SUCCESS. | ||
Starting Point: Don’t be a real estate investor, build an investment BUSINESS!
Many real estate investors, maybe most, miss the forest for the trees by going from one deal to the next to the next. They see themselves as deal-makers and end up simply creating their own full-time job of being a real estate investor. They become TRAPPED inside their business rather than being FREED by creating a well-run business.
Our desire for you is the freedom that comes from focusing on the ultimate prize—building a profitable business. This will mean that you work as hard ON your business, to build its systems of operations, as you work IN your business, carrying out the necessary day-to-day details. Our mission involves the BIG PICTURE of helping you not just become a successful real estate investor but to build a successful real estate investment business. Here’s where we’re coming from.
MISSION: Serve real estate investors as they build their own successful businesses.
MEANS: Provide a strong brand name–Stewardship Properties.
Provide a powerful, marketing web presence–to seller, buyers and others.
Provide abundant resources for training and action–through an investor network.
MEASURE: Investors excel in their service of others that brings enormous success to themselves.
Our plan is to proliferate Stewardship Properties‘ money-making model all over the country beginning March 1, 2010 and we’d like you to be involved. Until the launch date we’ll build our connection with you by regularly sending you training materials to take your business to the next level and earn big checks now. So, give us your name and email on the right. We’ll start by sending you the overview to our series, The Riche$ are in The Niche$ as well as a follow-up video.
It will be Big. No, it will be GINOROMOUS!
PUTTING IT OUT THERE: It’s Thanksgiving, 2008 and a long time between now and March 1, 2010. As a matter of fact it’s still three months until March 1, 2009. But make no doubt about it, March 1, 2010 is coming. And when it does we’re going live with… well more about this later.
In the mean time RealEstateRiches.com is committed to becoming A FORCE TO BE RECKONED WITH in the real estate investment world. You know… like a earthquake, a volcano, a hurricane–something that doesn’t leave the landscape in the same way it found it.
Sure there may be some things that get destroyed along the way–like old fashion, been-there-done-that, unproductive real estate investment strategies. But overall the plan is to rearrange the landscape in such a way that real estate investors, and those who want to be, start employing the most shockingly useful, money-producing, and time saving real estate investment strategies known to man, or to woman, for that matter. And we want YOU to be there with us along for the ride.
So, stay tune. This may get bumpy but it should also put a lot more O’s behind those numbers in your bank account! I suppose Overstock.com has trademarked, “It’s all about the O’s.” We’re just planning to actually make it happen for… ALL OF US.
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