Wednesday, December 17, 2008

Saint Louis real estate a great place to live and invest

People always ask me, “Can you wholesale the St. Louis real estate deals that you find?” and the answer is always the same, yes. Wholesaling property has been known by many guru’s to be a really quick cash scheme that seems to be very easy on paper and in theory. Truth of the matter is, in order to wholesale real estate, you need three essential things, cheap real estate, a buyer, and cash.

Let’s start with cheap real estate. Can you find cheap real estate when looking at Saint Louis real estate? Absolutely! We are currently finding deals that are about 40 cents on the dollar and we wholesale them for 50 cents on the dollar. If you are a wholesale real estate investor, you know as well as I do that volume is what counts, so making 5-8k on each deal may not sound like a lot, but it will all add up if you get three or four of these deals a month.

Ok, so our second thing we needed is a buyer. Well, when things are on sale, people start to shop. There are a variety of ways that we can find buyers for our deals. We currently use places like craigslist, yahoo real estate groups, and facebook to find buyers for all of our deals. We are so sure that the St. Louis real estate is a golden opportunity, that if we don’t find a buyer for our deals, we simply keep them ourselves. We know that now is the time to buy and hold, and when we want to sell all of these, the price will be right, and the buyers will be plentiful. For most of our Saint Louis real estate deals, we are finding investment buyers. These buyers want their deals to be turn key, at 65 cents on the dollar, so they can enjoy the equity in five years.

Lastly, we needed the cash. Well, as a wholesaler, you don’t need any money in the deal, but you do want to find hard money lenders for your buyers. Your hard money lenders will assist your buyers with the purchase, rehab and any other fees for your property. We have two excellent hard money lenders for all of our Saint Louis real estate deals. Traditional buyers don’t use hard money of course, but in the investment world, get used to that term, your hard money will become your “Free Money.”

To wrap it all up, there are plentiful deals in Saint Louis real estate and we have all the tools to make your transaction pain free and easy. Trust that Reliable Solutions, our investment company, will take care of you every step of the way, and make sure that we make your investment in Saint Louis real estate a very profitable one.
David Beyzek - author and investor, loves St. Louis real estate and has the power team to make it work for anyone interested.

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