San Antonio Wholesale DEALS
For some the real estate market in San Antonio is down right ugly! If you own a home that is 2-5 years old from Blanco Rd. to Bulverde Rd. North of 1604 and are trying to sell it, then you know things are not going well! But for everyone’s misfortune, someone else is making money! That seems to be the case in today’s market. While some people wonder if they will eventually lose their homes to foreclosure, some are buying exception deals with the plans to resell immediately, or hold until things settle down and then sell for big profit.
So the question is, “How do you find great deals on houses?” Well, you have to ask yourself if the house you wish to purchase for a great deal is for your own use, or to own strictly as an investment. If you want to live there, you have to realize you may have to take the bad with the good! Great deals aren’t on EVERY street corner! You have to search them out, and they may not be in your kids’ school district, or close to your church. Can you look past that so you can focus on why you buy a great deal – TO MAKE MONEY?
If you can then looking for a deal may be the way to go. So who do you find deals, or how do you find houses at wholesale prices? There are a couple ways:
1) You set out in search of them on your own. Some call this Driving for Dollars. You drive up and down streets looking for houses that have the potential to be deals. Typically you are looking for the ugly dog on the street of pretty houses. The one the neighbors would love to see cleaned up. Once you find them you contact the owner to see if they would consider selling. It can work, but it is work!
2) You could work with area wholesalers. New term to you? Well a wholesaler is just what is sounds like. They sell houses at wholesale prices. Most often they put a house under contract and then assign the contract to the end user for a few (or many) thousand dollars over their original contract price. Basically they do the leg work for you! Remember, not everyone is honest and respectable! You will still have to research the deal to make sure it works. All they have done is put the house under contract by weeding through the dozens that wouldn’t sell. Although not all are honest, some are, and are great assets to you if you plan to do this often. Make sure they are compensated and happy so they will bring you more deals!
3) You could work with a Realtor. I have worked both as an investor and a Realtor and I can tell you that not all Realtors understand investors. I have bought houses at prices that most Realtors wouldn’t believe was possible because most of them work solely in the retail market. You want to work in the WHOLESALE market – big difference!
In almost all cases you will have to look at a lot of houses to find one that works. Don’t get discouraged! You have to be willing to be there when most have given up! Stay focused, work with good people, and you will find some great wholesale deals!
If you are looking for wholesale deals in San Antonio, or if you have a deal you want to wholesale, please call me!
Chris Cowley
210-389-6006
