Local investor makes money without knowing how to find deals
There are several investors in my area making much money. But if you asked them what their secret is, how they find their houses, you will be surprised when they say that they don’t really know how.
What they will tell you is they are not looking themselves, they let the local wholesaler find good deals. There are a lot of investors in my area who buy from me, a wholesaler, over and over again. Sometimes I feel like I am missing out when I hear about how much money they are making on the deals that I sell them; but that is just the way it is.
These successful investors figured out that it wasn’t my cup of tea to sell properties to home owners. So they decided that I had no desire to make a huge profit on a deal. I just wanted to make a few thousand on it and do that a bunch of times every month.
Most of these investors knew that I had to move properties fast so I could make a living. Unlike them, buying and selling houses is my full time job. They already have jobs, so they would not find the time to look for the deals that I brought to them.
To sum up, if you want to make a lot of money in real estate yet you don’t have the time to look for the deals, buy from the guy who is selling 5-10 properties a month and runs a volume-based business. If you don’t, you will soon find out the most you will save is a few thousand bucks, but the time it will take you will not be worth it.
Filed under: Internet Business