Buying Wholesale Real Estate – What You Need to Know

You are interested in buying real estate and looking at wholesale properties but are not sure if this is the best approach. Are there any risks to consider when choosing wholesale real estate properties? Like most things, there are cons along with the pros of taking the wholesale route.

Wholesale Real Estate Risks

If your goal is to find wholesale properties, purchase them, and then sell them for a profit, this is a viable business. While it may seem like an easy process — finding an appropriate property, getting a contract established for the property by providing earnest money, and then finding an investor to purchase at a price that provides a profit — it can also be time-consuming and come with risks. 

Potential Risks

• Attempting to make the wholesale purchase on your own without the benefit of professional help leaves you open to numerous pitfalls.
• You will spend a lot of time searching MLS listings to find what you think/hope are good wholesale investments. 
• You will be competing with other wholesale investors.
• You may pay too much for a property.
• If you take the “on my own” route and do not close on the property, the seller could consider this an issue with the contract, which leads to more problems. 
• Contracts with the seller that you purchase do not allow it to be assigned to a third party (potential buyer), leaving you open to the seller axing the deal and keeping your initial investment money.
• Finding a buyer for the property may take more time than you are able to provide. 
• There is also the possibility that if finding a buyer takes too long, the seller will choose not to extend the timeframe agreed to in the contract.
• Without help from a professional realtor, you may purchase properties that will result in a loss versus profit.
• A lack of understanding of the laws relating to real estate can also result in potential problems.

To avoid the risks associated with buying wholesale property on your own, utilize the services of our company, Invest With Ben.

What We Do to Help You Avoid the Risks

At Invest With Ben, we do not spend endless hours searching through the MLS listings. Instead, as a real estate company with a focus on wholesale properties, we spend our time and resources marketing directly to sellers who are actively interested in selling their property.

At our professional wholesale real estate company, we are all about time and money. By marketing and purchasing directly from sellers, we can provide quick closings that are stress-free for the property owners. Once the property is closed, we then sell the properties off-market at market prices below market value to investors.

When using our real estate services, investors have access to our inventory of properties that run between 20 percent and 70 percent below market value.

There is no guesswork with our properties. We provide all the information necessary, such as repairs, estimated cost of repairs, and pictures of the property, so an informed decision is possible. 

Getting Started With Our Services

We make it easy to get started finding wholesale investment properties. Gain access to our inventory and receive notifications via our whitelist email process of available properties with a subscription to our website. 

We have several additional steps for clients once they have subscribed and are interested in investing. The properties we sell are “As Is,” which means you, the buyer, are responsible for ensuring property information is current and updated.

We also have pre-qualification requirements regarding purchases, which are for cash only.Once a client has been approved and ready to buy, we have three remaining steps:

• Download our purchase contract.
• Email our sales team with your offer.
• Deposit the appropriate amount of earnest money.
• Once the transaction is completed, closing on the property is scheduled.

Contact Us

Give us a call, email our sales team, or fill out our convenient online form and leave us a message if you would like more information about our company, our properties, and our process for buying or selling. Our professional and highly experienced sales team is available to help buyers and sellers achieve their goals by providing a positive experience every step of the way.