Let’s face it. It’s hard work rehabbing a house. You work for months either sweating yourself or worrying about contractors. You see more and more of your funds going into the house and more and more of your potential profit disappearing.
Then it comes time to sell your house. You have it all fixed up and staged beautifully. All that potential buyers have to do is walk in, qualify for a mortgage and show you the money. All that work is rewarded with a big fat check.
Or is it?
Real estate agents tell you it’s not easy to sell a house without them. So you use one.
But, all they do is:
- Put a sign in the yard
- List your house on the MLS
- Show the property a couple of times
Because your house looks so good, they sell it quick. Then for just a short amount of work, they can pocket a huge percentage of your profit.
Wait – who did all the work here?
…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.