Month: November 2008

Kathy Kennebrook personally works with rehabbers who will simply give her the addresses of vacant ugly properties, let her find the owner and make the deal, and then Kathy wholesales the properties to the rehabber who gave her the lead. This way, they get to do what they do best which is rehabbing and retailing, and Kathy Kennebrook does what she does best which is locating motivated sellers and making deals. Both Kathy and the investor get what they want and make money in the process. This is a great way to do deals once you have a trusting relationship with the person you wholesale properties to.

This is just another way for you to automate your business. You now have leads for potential deals coming in, and once you have them under contract, you also know exactly who is going to buy them from you. The rehabber you are selling properties to has a steady stream of properties coming in to rehab and retail so it becomes a win-win situation for both of you. Kathy Kennebrook is all about automating her business to make the best profits by doing the least amount of work.

One of the ways for you to find lots of motivated sellers who have ugly properties to sell is to simply drive around and look for vacant, ugly houses. These are the ones with high grass, no mail box, broken windows, empty driveways, and trash everywhere. Overall, they generally look extremely unkempt. Take a moment to speak to the neighbors to find out if they know where the seller went. If they know, they usually will be glad to tell you, especially if they think there is a possibility you will buy the property, fix it up, and help to improve the neighborhood.

From proven experience, the harder the seller is to find, the better deal you’re going to make as a real estate investor. Usually there is no competition for these properties, whatsoever. You’ll deal with sellers who have problems they simply don’t know how to solve until they are contacted by you. A lot of the time, these are properties that are part of an estate, a divorce situation, or maybe a landlord who is tired of having his property trashed. So he just gives up altogether.

Kathy Kennebrook also buys a lot of ugly vacant houses from out of state owners who inherited properties they simply do not want. In fact, in Kathy Kennebrook’s Marketing Magic system, she has an entire direct mail campaign that is directed to the owners of these types of properties. Kathy also has eighteen different ways that she uses to find the owners of vacant houses.

Another reason you’ll find vacant, ugly properties is because they are in foreclosure, behind on taxes or have code enforcement issues. These situations are all opportunities for you to buy properties way below their value. These sellers simply walk away from a situation because they just can’t figure out how to solve the problem. This gives you, the real estate investor an ideal opportunity to create a win-win solution for both you and the sellers.

For even more information on finding buyers for your wholesale deals, read the continuation of this article next week. In the meantime, visit Kathy Kennebrook’s website at Marketingmagiclady.com for even more information and tools to wholesale properties quickly.

Wholesaling properties is one of the best ways Kathy Kennebrook knows to make a fortune quickly and easily in the real estate business without using a single dollar of your own money, no matter what your market is doing. If you need to make money rapidly to pay bills today, or you are just getting started in the real estate investing business, then wholesaling is the quickest and safest way to do it. Kathy Kennebrook believes that wholesaling is one of the easiest exit strategies to learn in the real estate business. Folks all over the country from all walks of life are making thousands of dollars just from this one technique.

What Kathy Kennebrook means by wholesaling is to put a property under contract significantly under its’ appraised value and then assign the contract to another real estate investor for a profit. They then close on the property instead of you. You get paid whatever amount you decide on ahead of time for assigning the contract to them. There are a lot of great reasons to wholesale a property and a lot of great reasons to buy a property from someone wholesaling it.

When you as a real estate investor buy a property from a seller which you intend to wholesale to another investor, it usually needs a lot of work, time and attention. If you still have a job or you don’t have contractors to do work for you, wholesaling deals is an ideal opportunity for you to still buy ugly properties and make a lot of money in the real estate business. If you wholesale a property to an investor and you leave them enough room to also make a profit, this is an ideal way for a rehabber to buy properties. They don’t have to do any marketing to get the property but they still get a great deal. Kathy Kennebrook knows lots of investors who do nothing but wholesale deals to other investors and make an excellent living doing the business only part time. She uses this technique herself when she acquires properties that need more rehab than she is willing to do.

It is pretty easy to protect yourself and your investment when wholesaling a property by taking a couple of simple steps. Step one is to put the property under contract with the seller, making sure the contract is assignable. At that point, you create a contract between you and the person you are assigning the contract to outlining such things as how much the assignment fee is and when your buyer is going to close on the property. This protects your interest in the property and prevents another investor from simply “stealing the deal” from you. There are lots of real estate investors in your area who will want to work with you on these deals. Kathy Kennebrook also has her wholesale buyer close at the title company she uses so she can make sure the closing happens the way it should.

For more information on wholesaling properties in your area, read part two of this article next week. In the meantime, visit Kathy Kennebrook’s website at marketingmagiclady.com. for more information on the tools you need to wholesale properties effectively.