How to Buy Properties from a
Realty Wholesaler in Alabama
With the number of new wholesalers on the market, finding the right one to sell to can be tricky. At Henry Buy Houses, we will help you find the right realty wholesaler in Alabama. The wholesalers we work with are all highly ethical and provide a valuable service to our clients. They are an indispensable part of our real estate business and make it so we do not have to go out and hunt real estate as much as we used to.
A good wholesaler is one who will:
Disclose to their seller that they are seeking to wholesale the property.
Have cash ready so that they can close quickly.
Disclose to the seller what they are doing.
Do Your Due Diligence on Realty
Quickly weed out those properties that do not meet your investment criteria or that of your investment group. If you are not interested in the deal at this point, there is no need to verify any of the information. However, if the property meets your criteria, it would be worthwhile to verify the information. You can then use your own investment formulas to create an offer that makes financial sense for your investing business.
How Much Should a Wholesaler Make on Properties?
You need to find the right buying price that works for you. You have to consider the marketing effort that goes into attracting motivated sellers and the time requirement to sift through all the deals, inspect all of the houses, and negotiate the right offer just to find the few that provide significant profit for both parties.
If you require a lender to receive financing, you may have to work with the wholesaler to structure the deal to pass some lending requirements. There are creative ways to avoid seasoning issues and assignment fees on the HUD1, and you will need the support of the wholesaler and seller to get it done. And while cash is king in this business, many wholesalers will still work with you if you have financing in place for your real estate deal.
Contact Henry Buy Houses in Alabama
**PLEASE PUT THE ADDRESS THAT YOU ARE INTERESTED IN SELLING IN THE ADDRESS SECTION OF THE CONTACT FORM.