Reasons To Pursue Wholesaling Before You Renounce Real Estate
If you are frustrated with or fearful of other types of real estate investment, here are five important reasons that you should try wholesaling before you quit.
Real estate is still the best tool for getting and staying ahead financially. In the light of recent events and the common nuisances of other forms of real estate, it is understandable that many are tired or worried about their strategies. Wholesaling could be the cure you have been looking for.
Here is why…
First, No Tenants or Guests
In the first place, renters and Airbnb guests can really test your patience with humanity. They drive many good landlords with great intentions of helping and making a difference out of the business. Uniquely with wholesaling you are in and out, and do not have to deal with them. Coupled with the fact you can choose properties with no tenants and let someone else deal with leasing if they choose to.
Second, No Repairs or Contractors
Rehabbing and renovating properties can be an inspiring dream. Alco, completing projects can bring a lot of satisfaction. Moreover, every experienced flipper knows that these projects notoriously cost more than expected and take longer than planned. Not to mention how extremely challenging it is to find those mythical good contractors. Comparatively, wholesalers do not have to deal with any of that. First, no repairs. Second, no improvements. Finally, no juggling construction and maintenance crews.
Third, No Credit or Acquisition Capital
If you fear putting your personal credit on the line or do not have good credit and cash to buy properties, then wholesaling offers access up to 100% business funding, without using your personal credit. Additionally, keep your credit free and healthy for other emergencies and optimize your personal finances. Keep your cash in reserve for plugging income gaps and when you face unexpected expenses, like medical bills.
Forth, No Captive Equity
Real estate’s ability to appreciate rapidly can be one of its great appeals and benefits. Of course, it can also depreciate just as fast in other phases of the market. It may ultimately bounce back and rise higher again. Though who wants to see their down payment or sweat equity evaporated? With wholesaling you are in and out before the market can change on you. Also, all your capital can then be used on marketing and scaling, rather than sitting stagnant.
Fifth, No Funding Hurdles
Wholesalers use business funding which does not rely on the usual underwriting hurdles, income verification, personal credit or even appraisal reviews. It is super-fast.
Schedule a Business Funding Assessment call to speak with me.
Parnell Jackson
PD&C Financial Services, LLC
O. 815.349.6038
C. 815.573.8321
F. 815.468.9613
Email. parnell@pdcfinancial.com
Website. www.pdcfinancial.com
