http://www.articletrader.com/ Articles at ArticleTrader en-us http://www.articletrader.com/finance/real-estate/the-importance-of-building-a-wholesale-list-for-investment-properties.html http://www.articletrader.com/finance/real-estate/the-importance-of-building-a-wholesale-list-for-investment-properties.html Sun, 03 Feb 2008 00:00:00 -0600
Benefits of a wholesale list.

Selling Investment Property.

The main benefit from a wholesale list is having a group of people that you can call and see if there is any interest on a property that you just bought before you actually have to get in there and do any work. You may find that a quick small profit would be a great way to turn a investment property fast. You can just call or email your list and make them offers. I found that when you are dealing your wholesale list, the people are very smart and know exactly what a house is worth so a high offer price by me will usually never work. In fact it may even make the potential buyers think that you are trying to pull something over on them. I found that you have to treat the investors fairly and you might develop a long term profitable relationship for the both of you.

Some investments you may want to keep and they fit into your investment strategies perfectly. But what about all the other properties that you hear about that you never even consider because you have no desire to buy a property in a particular area or a some other deciding factor. Remember every investor is looking for something different. That is where a very detailed wholesale list including what types of properties the investor is specifically looking for comes in handy. Most investors will offer some kind of reward if you find them a good deal, just for letting them know about the deal. While others may just buy the property from you without before the ink on the sales contract dries. In either case both parties benefit.

Acquiring investment property.

As a investor when you are building your list you also help the other investor build there list at the same time. You can give them detailed specifics of the type of investment property that you are looking for at the same time. I always say that the more leads that you have the better. Before you know it you will be getting calls from the other investors on properties that may be very interesting to you. A lot of these properties tend to be inside deals that you never would have heard about.

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Be sure to visit http://www.rentalrealproperty.com
for more information and resources on rental and investment property


Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/real-estate/dont-over-rehabilitate-a-investment-property.html http://www.articletrader.com/finance/real-estate/dont-over-rehabilitate-a-investment-property.html Sun, 03 Feb 2008 00:00:00 -0600
I have found in my 18 years investing that there are a lot more unsophisticated buyers than sophisticated ones. Keep in mind that I usually invest in properties that sell for around 80 to 100 thousand dollars. These properties are usually 3 bedroom homes in a modest area of town. It is in these areas that I feel that the homes have become a commodity meaning that they have no real distinction in the neighborhoods. This is as long as the outward appearance of the property is clean and somewhat well maintained. I found that over time in a rehab area the properties will all start to look the same from the outside. Meaning that the houses in these neighborhoods usually have the siding replaced or a nice coat of paint making all the homes about the same from the outside. The inside of the houses however are completely different. One can be nice and well maintained and others can be run down. This is where the problem happens. The house that sold down the street for 80 thousand with the run down interior has a tendency to set the price for the property that you are working on. Appraisers have to justify your selling price to the bank and this is usually done through comparable properties in the neighborhood.

I am by no means advocating that you put the cheapest materials in your rehab projects. I always put in high quality fixtures and materials. The thing that I don't do is get to fancy with a rehab project. One of the biggest areas a investor can get carried away with is paint colors and schemes. A well coordinated house may be beautiful to you but tacky to the next person. That is why I try to use the most neutral colors and I almost always paint every room in the house the same color. You don't want a potential buyer to even notice the paint they should focus on the rooms and the architectural features of the property not how they don't like a paint color. Some paint colors under the florescent light of the store look a certain way. When you get that same paint on the walls in natural light they may look a completely different color. I For example I painted a room in a rental house of mine with a light grey and it looked purple on the walls during the day time. The moral of this story is to buy the safest color available that does not make dramatic changes in different lights.

In summary I do not believe that a fancy high priced fixture will make any difference in the final sale price of a home. The added cost of these fixtures will be hard to get out of the property. So I try to play it safe and make the property look clean and well done with very neutral carpet, paint, and fixtures in the house this way it appeals to the broadest audience possible. Which in turn makes the price higher in the long run.

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Be sure to visit http://www.rentalrealproperty.com
for more information and resources on rental and investment property


Source: http://www.articletrader.com ]]>