Have you been wondering whether you should focus your real estate investing business on wholesaling or rehabbing?
Well Moguls, Jamel Gibbs here, to help answer that burning question.
So, wholesale deals involve contracting with the seller and then reassigning the contract to another investor at a slightly higher price. When you wholesale, you typically don’t own the property at any point.
Rehabbing involves purchasing the property and making improvements to increase the property’s value before reselling.
As an investor, mentor and coach, I’ve seen both types of deals, and I know the pros and cons of each. And beginning real estate investors often ask me if they should wholesale real estate first or rehab first.
The real answer is: It simply depends.
Let me explain…
I started off rehabbing. Later, I incorporated wholesaling into my business. But I was in a pretty unique situation. I had access to capital…
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.