From the course: Seven Streams of Real Estate Income
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Deciding between wholesaling and prehabbing
From the course: Seven Streams of Real Estate Income
Deciding between wholesaling and prehabbing
- [Instructor] Now, always be prepared to close on the property or keep the property to rehab if you cannot find a buyer. This comes into play when you're thinking about wholesaling. So your intent is always to be purchasing the property, but if you can't because you're over capacity, then think about wholesaling it. But any property you put under contract, you should put it under contract with the intent that you're going to take it all the way through. So that also helps you make sure that you're evaluating the property correctly and that you're preparing it for someone else who can invest in it and make money investing in it, so the deal makes sense. So wholesaling and pre-habbing are options that you can use periodically, but they should not be your sole business strategy. There's an extensive training resource available called the Wholesaling Home Study Manual, and it's very helpful for how to wholesale and how to do…
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