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Wholesale Real Estate: Enjoying The Benefits Of Estate Bargaining

Author : Jessie Stone

When you talk about wholesale real estate the one word that best describes it is bargain. Wholesale real estate is an act of purchasing properties below its normal market value . The idea is to search for a cheap piece of property, and then look for some customers to purchase the estate at higher price. Of course, it could still work the other way around where you try to find a cheap piece of estate property, and then purchase it at a lower price to save more on money. However, the challenging part is in locating a wholesale estate property as they're not really that easy to find.

Most wholesale estate owners and companies usually engage in this selling business through various brokers. Brokers function as middlemen or sales agent with wholesalers serving as their source. You need to be direct if you want buy estate properties for cheaper cost. So where to find?

- You can start from Bank REOs provided and listed by estate property agents.
- You can also look out for short sale or pre-closure properties provided by estate property agents.
- From direct estate property owners which are the landlords, homeowners, rehabbers, etc.
- Or from volume purchases made by different institutions or Banks

Buying wholesale real estate is highly recommended these days for many reasons. The benefits you can enjoy are also numerous which mostly covers the practicality of cost saving. Here are some few of them:

1.) It serves as the best investment
This works best when you purchase an estate property through mortgage loan. The best part of buying a property is during your monthly remittances you normally remit to the mortgage company. Although you're making payments every month along with the property taxes obligation and few other cost, the interest of your property taxes and the mortgage remittances are both tax deductible. Bottom line, the government is actually subsidizing your monthly payments.

What's even greater is your paying it monthly to own the property. You'll eventually own the property overtime.

2.) Tax Savings
Because the government is subsidizing part of your estate payments, its effect is you get to enjoy better income tax savings and lower income tax payments for your annual gross report, you'll also enjoy:

- A much stable monthly housing allowance
Unlike paying rents that usually go up each year, getting a real estate spares you from monthly obligations for your house. Same benefit can also be enjoyed by people who are under a mortgage loan as their monthly rent-to-own payments stay fixed for the whole duration of their obligation.

- Provides a Forced Savings
Having your estate property also offers the benefit of forced savings. The whole estate property automatically becomes a saving account even with out your consent. You can accumulate this savings in two different ways.

One, part of your payment goes directly towards the principal of the house which accelerates over time. And two, the value of your property appreciates year after year.

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I got my start in this business almost 8 years ago at the young age of 20. I found a couple experts that needed an internet guy and I offered my services to them. I had the one thing they didnt at the time: The available time to to use the internet to explode their real estate business. More:

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Tags:   Real Estate, Wholesale Real Estate

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Submitted : 2010-10-01    Word Count : 453    Times Viewed: 516