Every real estate investor should know the rental market for their area. Don’t think flippers and wholesalers need to know? Only landlords? Think again.
There are a ton of flippers out there who became reluctant landlords when the last real estate crash occurred. Flippers should always have a plan B in case their property doesn’t sell.
Why Wholesalers? Let me ask you this - Who is your market? Are all your buyers rehabbers? If so, how’s about you reread the previous paragraph…
Chances are you may have a bunch of potential buyers on your list that like the ‘buy and hold’ philosophy. They want a deal that they can rehab and rent out. The landlord buyers will be calculating what their cash flow will be with the rental market. Are you doing that calculation for them to make sure the deal is attractive to them?
Whether you have a specific area mapped out around your house, or you’re doing virtual wholesaling…
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.