Are you wondering how you can grow and scale your business?
Well, if you’re like many investors, perhaps you began investing through wholesaling. That’s definitely a great way to get your feet wet in this industry. (More on that in a minute.)
But to really make bank and grow your business, rehabs are the way to go. And to do rehabs, you need funding, of course. So, in today’s lesson, I’m covering 3 ways to get funding to grow and scale your business.
Hi Moguls, Jamel Gibbs back with you again, and I’m first going to touch on wholesaling before we dive into the 3 funding sources.
Wholesaling works like this…
Wholesaling
So, you buy a property below market value. You get it under contract, and then sell the contract. This is called an “assignment of contract.” You turn around and sell that contract for a profit.
Let’s say the property is worth $100k. You’ve contracted it for $40k, and you now sell the contract for $50k. You’ve just earned a $10k wholesale…
Jamel Gibbs
is also a mentor for other real estate investors helping them to achieve their goals. He is the owner of Mill Street Properties LLC and he invests in real estate all over the United States. Jamel's skills and drive were the winning combination to develop his efforts into a repeatable system. This system is now making him as well as many others tons of money.