Amanda O’Brien asked:


u trying to start your own eBay business but finding it more difficult than you expected?

If you are then you will probably be interested in finding eBay Wholesale Products. It can be very difficult to find the products that you want to sell at prices cheap enough where you can make a profit. Lots of wholesalers take advantage of eBay sellers by charging inflated prices. This makes it very difficult to actually make a profit on these items.

Searching on the Internet

The Internet is an extremely valuable source of eBay wholesale products and you cannot ignore it. There are some great places on the Internet where you can buy products in bulk. You can even shop on eBay itself for wholesale deals. If you want the best cost savings then you should consider dealing with suppliers in China.

Importing from China isn’t actually that difficult and as long as you spend some time learning what to do you shouldn’t have any problem with this. You need to teach yourself how to import products and then you should be able to do this easily.

The most difficult part will be to find out what you need to do to import products into the UK. If this is your first time importing then you might want to hire the services of a professional import broker.

Finding Suppliers

When finding suppliers in China this is very easy and a great source of eBay wholesale products. There are plenty of sites that can be used to track down suppliers you like.

Of course it can take a couple of months to get your products made and shipped to you. This means that you will have to plan well in advance to make this possible.

When importing from China it is essential that you are very careful. While it is possible to have some good experiences and make large profits there is also a risk that you will be conned. It’s a good idea to make sure the manufacturer knows exactly what you want. You should also request samples to ensure that everything is right and up to scratch.

If you look hard enough then you should be able to find some reliable and honest Chinese suppliers who will be able to provide you with the quality products your business needs to survive.

If you want to make large profits from eBay then it’s important you are able to source quality eBay wholesale products. You don’t actually need to import unless you want to and have enough money to do so. You can actually use wholesalers based in the UK. However eBay is very competitive and this can make it a challenge to make a profit. Importing and sourcing eBay wholesale products from China might be a solution to this problem.

Importing does require a significant investment and is slightly risky. It does however make it possible to earn some of the biggest profits possible because you can get the products as cheaply as possible.

Eddie Case asked:


You’re all excited and fired up about getting started in real estate investing! You have chosen to specialize in real estate wholesaling, CONGRATULATIONS! You have chosen the absolute BEST real estate investing vehicle available to new investors!

 

Why is it the best? Its best for a lot of reasons but the 3 best reasons to wholesale real estate are:

 

1.) There is Zero Risk involved with this type of investing. 2.) You need none of your own money to get started as a wholesaler 3.) Your credit rating is NOT a factor, it NEVER even comes into play!

 

And if that’s not enough to get you totally excited about real estate wholesaling then the potential of earning a realistic high 6 and 7 figure income should push you right over top!

 

Now for some sobering news. Although real estate wholesaling can make you fabulously wealthy as an investor, it’s “no free lunch”. What I mean is, there is a good deal to learn about real estate wholesaling first. You must first do your homework and prepare yourself for the wholesaling road ahead.

 

You must first familiarize yourself with the “business model” of wholesaling real estate. There are a few key areas that surrounds a typical real estate wholesale deal that you MUST understand thoroughly and then implement successfully to make this wholesaling machine work properly and profitably.

 

At the very least you should understand the following wholesale deal related procedures:

 

- Learning your market – Finding Investors so you can wholesale your properties – How to “talk to your investors” intelligently – How to find Great deals on wholesale priced property – How to make purchase offers on property – How to structure the wholesale deal between the buyers and the sellers – How to write a wholesale deal sales contract – How to use private money and Hard money to your advantage – How to calculate Repair cost to distressed property – How to use assignment contracts – How to build a “killer” investor buyers list – How and where to market your wholesaling business for the world to see!

 

These are just a few of the many different facets that make up a completed real estate wholesale deal! There really are few things that you must thoroughly understand and then be implementing to make this business work right fro m the gate.

 

I get really upset, no that’s not strong enough, I get fuming pissed-off when I see all of the pretend experts and fake gurus out there pumping false information to unassuming victims who buy-in to these crooks lies!

 

I remember when I first got into the wholesale business, I spent a lot of money chasing a few of these individuals to the ends of the earth only to find out that I had been scammed! Only to wake up one day and realize that my money had been stolen from me, and that I was right back where I had originally started. With no real direction on which way to go as a real estate investor want-to-be, and not knowing who to trust to get me where I wanted to go.

 

It wasn’t until I met the one person who was true a practicing real estate wholesaler that the “light-bulb” finally came on for me. It took me finding an “honest to god” real wholesaler to show me the ropes to make real sense of this business we call wholesaling. And then within a very short time I was wholesaling my **** off banking BIG money, and having the time of my life in the process! All it took was some Real direction from someone who was an expert and from someone who truly cared about my success as much as I did!

 

Real estate wholesaling is no different than any other business that you get into. You must understand how it really works first! Or, its never going to make you any money. I have started and operated 13 different companies over the last 25 years and I am speaking from pure experience when I’m telling you this! I learned the hard way, but you do not have too!

 

You can learn a lot from avoiding the same mistakes that other before you have made. You can save so much time and money learning from other peoples mistakes. By listening to what other successful investors have to tell you about their learning experiences, you can avoid 90% or more of the typical mistakes that most “Newbies will make. And you will make mistakes!

 

Wholesaling real estate is an awesome vehicle to FAST CASH! A successful wholesaler can make $ 250,000.00 to $ 1,000,000.00 %2B per year! A “Luke warm” wholesaler can easily make $ 75,000.00 to $ 100,000.00 a year. The money is there if you know how to wholesale correctly. But its a business, not a hobby. And to do it right you need to know how to setup the business correctly, and then run the business correctly, or it ain’t going to work, meaning, you ain’t going to make much money! Sorry, but that’s a fact jack!

 

I specialize in helping new and some seasoned investors break into the real estate wholesaling business “hardcore and full time”, and do it the right way the first time.

 

Visit: www.FAQMentor.com for 20 FREE Real estate wholesaling FAQ’S!

 

Steve Oneskms asked:


Whether you already have a business or you want to start a business of your own, you can benefit by purchasing products or supplies that are needed through wholesalers. Buying wholesale is a great idea, and wholesalers have much to offer businesses today. However, it is important that you understand what a wholesaler actually is, the benefits if buying wholesale, and how you can start your own business with wholesale products. First of all, you may be wondering what a wholesaler is. Basically they are a company that acts as a person in between the manufacturer and yourself. Wholesalers have huge amounts of stock and this allows them to charge you prices that are low for the products that you need. However, you will want to purchase fairly large quantities if you want to get the best competitive prices. Going with wholesale products from wholesalers is a great way to get a deal, especially if you are not already dealing directly with a manufacturer.

Benefits of Buying Wholesale

If you decide to go looking for the best wholesale deals, you’ll no doubt find that there are many great benefits to buying wholesale. Here are just a few of the great benefits you’ll enjoy when you decide to make your purchases from wholesalers today.

- Benefit #1 – Get a Better Price – One of the main benefits that you’ll enjoy when purchasing products wholesale is that you will be able to save quite a bit of money. Most of the time you’ll get a much better price when purchasing from wholesalers. The more goods that you purchase, the better the price will be for you. However, even if you are a smaller business just getting started, you can still save by purchasing your products through wholesalers.

- Benefit #2 – Purchase in Larger Quantities – Buying wholesale allows you to purchase larger quantities of items as well, and when you purchase more items, you’ll find that you get a much better deal on them. However, some companies may have a minimum amount that you have to purchase in order to get the best deal. Purchasing large quantities of products can be beneficial to you and to the wholesaler as well. So, if you want to find the best wholesale deals, purchasing large quantities will help you find them.

- Benefit #3 – Ask for Better Discounts – Although you’re already saving when you buy products and supplies wholesale, you may be able to save even more money. How? Well, you can actually ask for a better discount. If you become a good customers with a wholesaler and you purchase quite a few goods from them, just by asking they may be willing to give you an ever better deal, so it is worth a try.

- Benefit #4 – Great for Starting Your Own Business – Another great benefit of buying wholesale is that it is a great way to help you start your own business. It can make start up costs much lower for you, which can be a huge help when you’re trying to get your business off the ground. You may even want to start up a business that centers around selling the wholesale products that you purchase for profit.

It is definitely easy to see that there are many wonderful benefits to using wholesalers and finding the best wholesale deals. You can save money, get large quantities of products, and even start your own business. So, whether you own a business already or you want to start one of your own, going with wholesale products is an excellent idea that you will want to use.

Starting a Business Using Wholesale Products

Speaking of businesses, if you are considering starting up a business to try and earn some extra income to have better financial security, you may want to consider getting involved in wholesale products. Finding great wholesale deals can help you easily start up a business of your own and be successful at it.

If you want to go into business on your own, one great way to get started is to research wholesale stock and purchase it for low prices, then selling it through a variety of different outlets for profit. It is easy to buy up great products at wholesale prices and then sell them to others for profit, on sites such as eBay. The better the deals are on the stock that you buy the more profit that you’ll be able to make, so finding the best wholesale deals is important.

Even if you’ve never had your own business before, starting up a business using wholesale products is easy for anyone. Simply find great deals on wholesale products and sell them to make a profit and you’ll be on your way to having the extra income that you’ve been wanting. If you do plan on getting into this type of business, probably one of the best sites that will help you is eBay. You’ll be able to find great wholesale deals on the site and you can also sell your products their too.

So, if you’re looking for a rewarding home business you can run yourself that will be rewarding and lucrative, it’s time to consider selling wholesale products. If you find the best wholesale deals, you’ll be able to make a nice profit. This is a business opportunity that has high profit margins, flexibility, and it is low risk. If you’re tired of constantly stretching your money to make ends meet, then this is a great idea for you to try.

Rajneesh Dubey asked:


Yoga is the ancient Hindu philosophy of upliftment of physical as well as mental health. It may have its roots thousands of years back but its relevance at present times has not diminished. Rather it is becoming hugely popular around the globe for its natural power of healing and free-of-side-effects quality. Yoga exercises seem to connect the inner being of the practitioner to the Supreme soul also. Presently, there are millions of yoga around the world.

There are certain items and accessories which are very useful in the practice of yoga. Some of them are yoga mats, yoga bags, yoga books, yoga clothing, yoga CDs and DVDs etc. These accessories are distinctly important in their own way. You can find different varieties of these products on the basis of color, stuff, price range, availability etc. The growing demand of these products compelled the businessmen to take this new market seriously. Within very short time wholesale dealing of the yoga products has become a reality.

Some traditional religious products like incense sticks, spiritual strings, meditation products, aromatic oil, statues, religious jewelry etc. are also high in demand. In a religion Hinduism, the process of offering worship involves so many rituals as well as items (poojan saamagri). And it is not possible to produce these items at every place of the globe where Hindus are dwelling. Thus, a lot of business activity takes place from shipping the articles from the country of origin to delivering them to the destination country. Manufacturers and suppliers have now started dealing in these items with a cautious approach.

By using different yoga and other religious products, most of the people have benefited and so have the manufacturers, suppliers and traders. Upcoming time shall witness only rise in the popularity of yoga and other religious products.

For any kind of informational as well as commercial lead on wholesale yoga products, please visit Wholesale Yoga Store

Eddie Case asked:


A typical Real Estate wholesaler who is wholesaling single family homes can expect to make (on Average) $5,000.00 to $7,500.00+ per deal!

Lets take a moment and talk about what the wholesaler actually does to make this 5K to 7.5K on each wholesale deal.

1.)The wholesaler tracked down another great wholesale priced property by applying the techniques he has learned about real estate wholesaling:

* He has a marketing advertising program going

* He\’s got a real estate website up and running

* He\’s networking with other local and national real estate investors

* etc.!

2.) The wholesaler has found a buyer who wants to purchase this excellent priced investment property from him (the Investor/Buyer is also called the \”end user\” of the wholesale deal.

* He\’s built a list of hungry Motivated Buyers who are literally standing in line to buy his available inventory of wholesale priced deals

* He\’s also staying in constant Contact with his Investor/Buyers list and updating them on his available inventory through emails, post cards, websites, Blogs, faxes and phone calls.

So what has the wholesaler really done here? He\’s done 2 things:

1.) He\’s built a buyers list of motivated buyers who are constantly looking to purchase new properties from him.

2.) He\’s built his property locating system, which continually brings him a fresh supply of wholesale priced properties. Property that is typically going to be priced at 40 to 60% of the Fair Market Value (FMV).

Once these 2 systems are built and solidly in place, the wholesaler\’s business is completely automated to find properties and sell properties.

Once these 2 systems are in place, the time that is involved in structuring a wholesale deal is only a few hours at best! Now the wholesaler can comfortably do 2-5 deals a month and make $10,000 to $ 25,000.00 per month, or more, and have more than enough time to live life on his own terms.

So again, a typical wholesale deal profit margin is between $ 5,000.00 and $ 7,500.00. As you can see, the money is fantastic and the terms for running your own wholesale business could not be any better!

More Free FAQ videos here? www.faqmentor.com

NC Real Estate asked:


Welcome to Buy NC Real Estate Deals.com, your place on the net for deeply discounted investment properties in North Carolina.

Our specialty is finding great real estate investment deals so you don’t have too. We buy and sell real estate, which includes houses, lots, multifamily units, and commercial buildings in any condition or location in North Carolina.

We buy many properties at reduced market value, so after repairs and renovations, it can be listed at a retail price that is within the comparables of the neighborhood. By having renovated over 100 homes, we have the skill set to negotiate better than a lot of investors. Buying, selling, and renvoting is our full time business. We are an established company, get referrals, and are always marketing, which means we get more properties than we can handle. Instead of letting them sit there until we can get to them, it is best for us to wholesale the deal, so someone else can make money on the property.

We buy and sell in many locations and we have a large buyer list, but there are times, we do not have the manpower to handle all of the properties we receive, nor do our buyers. By networking and having many relationships with other investors, we can all benefit based on what each one of us has going on at the time. We will pass deals on to you, thus saving you time, money, and marketing costs.

Most of our investors say they can NEVER find the kind of deals we offer on their own.

If you want great properties, with equity or cash flow, fill out our form and tell us what would be the ideal property for you. Most of our properties do not get posted because we move them so quickly.

Our properties move so fast that they rarely even make it to this website before they are sold to one of our investors. To be notified quickly of our next available wholesale property please complete our VIP Buyers List!

Join Our VIP Buyers List Now! There’s no cost or obligation and you’ll be the first to know about our investment properties as soon as they become available.

Buying, Selling, Wholesaling, Flipping Real Estate in North Carolina Since 2003.

Brian Ducharme asked:


A wholesale is a very useful strategy in real estate investing. It may be the single fastest way to earn a profit in this business. Although it is a simple concept, it requires diligence if you want to make a lucrative living flipping houses, or for the sake of wholesale terminology, “flipping contracts.” A wholesale can be described as the selling of a contract for a fee. As an investor, there is nothing more important than fast cash. Here is how I perform an average wholesale deal. When I find a property in disrepair for a bargain price I am presented with a couple options. It is evident that the house is a good deal and once the repairs are completed the house will increase in value. The two options I am presented with are to either purchase the house myself and renovate it or to wholesale it. In most cases, I prefer to wholesale it and here are a few reasons why. Many rehab projects can take months to complete between the acquisition, renovation, and selling stages. Not to mention you will have to come up with thousands of dollars to complete the project. The average investor who is just getting started in real estate is not capable of executing this task.

On the other hand, a wholesale can be completed very quickly. It takes me approximately one month to perform a wholesale. Once I have found a good property that meets the criteria of a wholesale, I start contacting other investors I am networked with. I explain that I have found them a great rehab project and I am willing to assign them my contract to purchase the house for a fee. I typically call the same few investors every time so they understand my stipulations and are aware of the fees I charge. I usually charge an assignment fee within the range of five to ten thousand dollars.

 In order to successfully wholesale a property, a few things have to happen. First you have to find a property for a bargain price. Secondly you have to find someone (typically another investor) to purchase the property. You have to fill out a document known as an “assignment of contract” in order to be able to be paid from this transaction. There are many generic versions of this document available on the internet. I also provide a copy of the exact document I use in my manual that is available on my website. Lastly, the investor has to successfully purchase the property in order for you to receive a paycheck for structuring this deal. Your payment comes directly from the investor you wholesaled the house to. The investor is now paying ten thousand dollars more for the house if you charged a ten thousand dollar fee. When this deal is complete you have successfully been paid a large sum of money without putting forward any risk. You acted as a third party negotiator to the deal.

As you can see, there are many reasons why I love wholesaling properties. It is risk-free and it can be very lucrative. If I find several good deals at once, I am incapable of renovating every property at the same time. By using the technique of wholesaling I can continue to profit from every deal I encounter.

Karen Roberts asked:


5 Figure Assignment Fees may be hard for some people to believe in today’s Real Estate Market. Believe it or not, they are still out there for the active, persistent and methodical real estate investors, even the first-timers!

Wholesaling

Wholesaling is the art of finding and assigning properties.  It can be so appealing to new investors because there is very little cash required to support these types of deals and credit is not an issue. A new investor requires only a small amount of cash to cover earnest money deposits, advertising, etc.things like this.

Discover your mission, vision, or purpose in life.

Spend some time envisioning the type of lifestyle that fits your family and personality traits. Then begin to realistically set your goals based upon the vision.

Remember the basics about goals – they should be SMART GOALS.

S-pecific

M-easurable

A-ttainable

R- ealistic

T-imely

Aim for what really matters to you.  Discover your mission/vision/purpose.  and teach yourself how to set and persist to achieve your goals. To manage time effectively track your tasks consistently, so that  you don’t waste time on non income producing activities. Visualize and focus on your goals daily to ensure that your actions reflect that which pertains to your goals.

What tools do you need?

The basic tools that you will need as a new wholesale investor are these:

Cell phone -  (preferably a PDA) with unlimited minutes, you’ll need them!  This will help you to organize your tasks, records, phone numbers and synchronize with your computer. Computer - researching data comps and for marketing your wholesale deals Printer -  print out contracts, contracts and any documents Camera - this is an absolute must have for creating your e-flyers to mail our to your database to sell your deal Contracts / Agreements Fax Machine Filing Cabinet – you’ll need this too.

As your business evolves, you’ll reach a point where you will find other tools and gadgets that increase your productivity and your profits.

How to find deals:

There are many places to you can locate deals and here is a list a few of them:

Vacant Houses Title Companies Home Inspectors REIA Clubs FSBO’s Bankruptcy Attorneys Homeowners Associations Burned out Landlords Bail Bondsmen Code Enforcers Hard Money Lenders Meter Readers Waste Management Divorce Attorneys Probate/Trustees Tax Offices Garage Sales Estate Sales

** Every time you go for a ride, take a different route to get to know your neighborhood, the properties, comps, vacants and utility workers.

Once you’ve made contact with a truly motivated seller- you’ll make them an offer on that property based on the comps, repairs and your desired profit.

Quick Calculation of the Maximum Acceptable Offer: (MAO)

MAO = (ARV x .65) – RC – CC – AF

ARV  = After Repair Value

RC = Repair Cost

CC = Carrying Costs

AF = Assignment Fee

Assigning The Contract

The most important thing to do here….in the money step is to be very clear that you’ve contracted to purchase the property as “your name….and/or assigns”:  By placing and/or assigns after your name, you’ve ensured your ability to assign the deal to an end buyer.  Although a contract is usually assignable unless otherwise stated, I would **** for you to fall down on the money step by leaving it to happenstance.   Once you have an executed purchase agreement with the motivated seller that contacted you and you’ve negotiated a hot, smoking deal with your and/or assigns on that top line…you are ready to find your buyer.

Note: In my contracts, “and / or assigns” is a part of the agreement along with the following clause.

Buyer shall receive a key within 48 hours and be granted access to the property to allow partners and contractors to evaluate it as needed. If the seller is still living in the house, I request access on pre-arranged days and times.  When they won’t be there and this allows me to get my investors in to see the property.

How to help your buyers see the value in your deal

I try to make it as easy as possible for my buyers to access, evaluate and purchase my wholesale deal by doing the following.  By having my contractor to come out and submit an estimate on the needed repairs (on his professional letterhead) can save my buyer/investor a great deal of time and guesswork and I also ask my real estate agent for some accurate comps on the subject property. Even though I encourage every buyer/investor to pull their own comps, perform their own due diligence, I’ve found that by doing these things, they are steps that aid in the process of assigning the deal.

So at this point, you’re so close to that meeting with your bank teller right? …hang on!

At this stage, you have the property under contract,  you’ve got your estimate(s) for the repairs, comparables, photos, and you’ve got access to the property and your blank assignment of contact in your hot little hands. You’ve done a lot and you’re close.

How to Find a Buyer for your Deal

During this point, time is certainly of the essence and you’ve got to get your e-flyer made and sent out to your database, your craigslist ads, your for-sale-by-owner posts, directional arrows and a hard copy to bring to your local real estate investor club.

In my experience, they are many, many “wanna-be” investors that read book after book, attend seminars and invest within the confines of their minds. My advice to my students is to weed out the tire kickers from the decision makers, early on before they have a deal. Create a performing database. It doesn’t have to include many, many names…. just the ones that know a hot, smoking deal when they see one and that will perform when the times comes to do so.

What day is it? Now it’s payday!

Your end buyer / investor will be exchanging a signed assignment of contract with you for a fee. They are paying for the right to step into your place and fulfill the obligations that you and the seller have set forth.

Collect a deposit from your buyer as you hand over the purchase agreement and obtain a signed assignment of contract .  This will help you to separate the decisive, action taking investors from those that have a case of paralysis of analysis. If your buyer is serious about moving forward, they will have the wherewithal to hand over a deposit in good faith thereof.

Since it’s your deal, you would be using your title company who is most knowledgeable and skilled in the art of wholesaling properties and the manner in which you operate your business. You will provide your title agent with instructions about the remaining funds that will be released to you upon settlement. If your title company is not able to release those funds to you at that time, it’ll be necessary to execute an addendum with your buyer.

An addendum attesting to the fact that you will be both be at the closing and the buyer ( your assignor) must pay you in the lobby immediately following the closing, along with a Notarized Memorandum of Agreement would help to protect your interest.

Assignment fees can be very lucrative in certain markets. On my very first wholesale deal- the assignment fee was $7,000 and I had never done it before….so not bad right? My third wholesale deal allowed for a $40,000 fee because it was a hot, smoking deal. The buyer, a contractor was thrilled to get that property so that he could rehab it and make his profit.

Hot, Smoking deals are out there….if you’re not paying attention, you’ll bump right in to one of them!

So, with that- see your vision, steady yourself, prepare with vigor and head in that direction with renewed energy, confidence and persistence…and remember to enjoy the journey.

Karen Roberts

Archie Lopez asked:


What is the difference between starting a wholesale clothing business from a retail clothing business? Many have said that a wholesale clothing business is much easier because of its laid-back feel in it and let others do their tasks. But some have also said that a retail business is much easier to handle because the only thing you have to worry about is how to sell your stock.

One very obvious difference between both is the role in which they play in the distribution process. Retailers commonly deal with the end part of the distribution chain, the one responsible for selling the product to the end consumer whereas a wholesale clothing business deals with the middle part of the distribution, the one that oversees the transition or the distribution of products from supplier to retailer.

Another apparent difference is the capital used. Clothing retailers doesn’t require much capital on stock, but more on the location of where they’ll do their business, rent or construction of the place. Wholesaler’s capital depends mainly on how they do their business. Wholesalers, particularly with wholesale clothing business, can start their business without putting too much capital on their location.

Some wholesalers have come to use their own houses as their base of operations and using their basement as their storage area. But for bigger wholesalers, their concern would also be on their location. Choosing the right location for wholesalers can save them a lot of money mainly because of the transportation they’ll use when getting their stock from the supplier and delivering it to their retailers.

Another major difference between both establishments is their profits. Because wholesalers deal with other business establishments such as retailers, exporters, and other wholesalers, their point of sale is by offering their products in bundles, offering lower wholesale prices. Retailers deals only with the end consumers.

Though some of it are true, and others are pretty much out of there, a business is still an establishment that should be handled carefully and maintained skillfully. But the question is, why clothing? Why start a wholesale clothing business or a retail clothing business? This is because clothing is one product that can’t fade in time, but keeps on growing. Offering new trends evolving through time. So a business of wholesale retail or a retail business wouldn’t be so bad. Unless you’re not experienced enough.

Eddie Case asked:

Together, my partner and I have wholesaled a combined 450 Deals over the last 7 years. And the majority of these deals were funded either one of two different ways and they are:

1.) CASH ONLY DEALS. Where the Investor/Buyer brought all CASH to the closing to purchase the property. My FAVORITE type of buyer (cash is king:))!

2.) HARD MONEY (Private funding). Hard Money is \”private money\” meaning, there are no traditional institutional banking guidelines associated with the money. The money comes from private individuals who lend their own money directly to the wholesale buyer. The money is termed \”HARD MONEY\” because the point (4-10 points per deal) are high, and the interest rates are High (12- 20 %) and the term averages of ONLY 12 months! Now that\’s some HARD DANG money!

Hard money has some pretty \”harsh\” terms, but also has it\’s benefits! Here are a few of the GREAT benefits of using hard money as a real estate investor:

* Your deal is usually a true \”NO MONY DOWN\” deal! You can\’t beat that! Hard money lenders can lend you your:

a.) purchase price

b.) repairs costs

c.) all of your closing costs

And roll it all into one mortgage. Also, Hard Money Lenders do not require you to put the typical 10% to 20% down on the property you are purchasing (conventional banks do!)

* Hard money lenders will usually lend on any property regardless of its current condition, whereas most conventional lenders (Banks) will not!

* Hard Money Lender do not report to the Credit agencies! So your debt to income ratio is NEVER effected regardless of how many hard money loans you currently have open! This means you can do multiple deals at once using different hard money.

* A lot of hard money lenders will even give you 3-6 months after closing on the property before you need to make your 1st mortgage payment to them. This gives you time to repair the property and rent it or sell it before your 1st payment ever comes due! This really lowers traditional \”holding costs\” tremendously!

So as you can see, Hard Money has been specifically designed to accommodate the special needs of the real estate investor. Even though the money has \”hard\” terms, it works so well for real estate investors. Typically, most investors who borrow hard money only stay in the loan for an average of just 6 months, before either refinancing-out, or reselling the property in question.

We as the Real Estate Wholesaler, NEVER own anything long term. The longest we EVER own is a few hours during a \”double closing\” more on \”double closings\” some other time). And if we are \”assigning contracts\” we NEVER own at all.

So, we never have to \”Qualify for financing\”. When a deal is structured with a Hard Money Lender, and a \”double closing is going to get the deal done, the same Hard Money loan being used for the deal, will close both sides of the transaction (between You and the Original Seller AND You and your Investor/Buyer). So, only your Investor/Buyer needs to qualify with the Hard Money Lender for the deal! This is because your Investor/Buyer is the \”end user\” of the money and is the one guaranteeing the loan, NOT YOU! Case Dismissed!

More Free FAQ Video about wholesaling houses here? www.FAQMentor.com