Nine Steps to Quick Cash: The Anatomy of a Wholesale Flip
by Stephen Cook
$53,849 is what I made on one house in July 2005 for 3 hours worth of my time. It’s a real estate investment property that I found through an advertisement, called the seller, signed the contract and sold within 20 minutes of taking possession. I did absolutely nothing to this home, and only visited it twice (when I bought it and when I sold it).
If you've never heard of the term Wholesaling, let me explain. It's when you buy a home well below market value, and when you quickly resell it, still below market value. The advantages of this over other types of real estate investing are that it generates quick cash, requires little to none of your own money, has little to no risk and does not...
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