Do you know the most common business model that beginning investors start out with?
If you guessed wholesaling ugly houses, you’d be right. If you’re still a newbie in this business, you can probably relate.
These properties are not difficult to locate, you need very little money and/or experience and there are several strategies that can be used to do deals with these types of properties…
You can rehab yourself, buy-&-hold as a rental, or (as I mention later) – simply flip to another buyer.
Jamel Gibbs here, and in this lesson, we’re going to take a closer look at why so many beginning investors begin their business by wholesaling ugly houses.
The Basics
First of all, let’s consider the basics of these properties...
They are usually older homes; the owner has most likely owned the house for a number of years. And there’s probably a good deal of equity there, and the house may need a lot of work to bring it up to…
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.