How to Wholesale Real Estate - Appleton WI

If you are just looking to get started in real estate investing, wholesaling houses might be your best option! You can do this with very little to no money down & make huge profits! So, how do you get started?

The first step in wholesaling real estate is to become educated. You don't want to be known as the investor who says you are going to close & then at the last second you have to back out because you realize the property is not a good deal. If you say you're going to buy a house & have a contractual obligation, you better go through with the purchase.

Now, how do you become educated? The biggest resource nowadays is either online via Youtube, or actually attend or sign up for other Real Estate Investors courses on how to get into the business. Most of the time the courses are $500-$5000 but they will teach you everything you need to know to get into the business. Personally, I went the course route & believe it was the best investment I could have made.

After you learn the basics then you need to start marketing for homeowners & cash buyers. The homeowners to actually make a deal happen & the cash buyers you will be assigning your contract to once you have a deal. If you don't have at least 150+ cash buyers, I would recommend using the tool called propstream.com 

This is a great resource to build your cash buyer database at a rapid pace. Once you get the deal under contract you will need to schedule a time with the owner to bring your investor partners through aka your cash buyers. Make sure you disclose to the seller what you are doing so they are fully aware of what is taking place. The last thing you need is a lawsuit because you didn't disclose the right information.

If you want to be mentored 1 on 1 & the cost of mentorship is the splitting of your first 3 deals please reach out to us at 920-215-4201

Thanks for reading!

Best Place to Buy a Duplex in Appleton WI

Hey you guys, Carter here with CB Home Solutions... Are you considering buying a duplex in the Appleton WI area? Do you want to live Downtown or on the out skirts of the city? In this article I will go over the need to know information so you can find your next house! 

What Style Duplex Fits Your Needs?

Are you looking to stay on the cheaper or more expensive side of things. One thing I know forsure is that an upper/lower duplex will be significantly cheaper then a side by side. Upper/lower duplexes are more common in the downtown area as they are an older style duplex & very rarely built nowadays. 

In most situations, the side-by-side duplexes are more expensive and they’re more popular. This is because you won't have neighbors running above you & hearing footsteps at all hours of the day. People will pay a premium for quality housing.

College Campus or Normal Neighborhood?

Then, one thing I would say to watch out for, things that you need to be aware of prior to buying a duplex, and finding one in the best place in Appleton. Do you want to be close to campus? So, there’s Lawrence University in Appleton, which is a private university. The average rents are college campuses are higher just based on the fact that there could be more damage from the tenant base. Most college rentals are re-leased every year causing high turnover expenses.

With most college rentals I would recommend have 2x the security deposit and having parents co-sign on the lease. Most parents want their children living in nice quality housing so they don't have a problem doing this. 

What Style Duplex is More Expensive?

Like I had mentioned previously, the side-by-side duplexes are more expensive than an upper lower. People will always pay a premium for a higher quality house & that is present in the side by side duplexes. I personally own a more expensive side by side. 

Do You Want to Drive Past the Duplex Everyday?

Are you the type of person that needs to have a pulse on what's going on everyday. Well, if you are then I would recommend buying as close as possible to your current residence. 

What is the Better Investment Vehicle?

It depends if you're looking for immediate cash flow or long term appreciation. Most upper lower duplexes cash flow very well, but the long term appreciation is much less. It is totally up to you to decide, & the best part.... you can have both! 

You can call me on my cell or text me, (920) 252-2864, if you have questions on where to buy a duplex in the Appleton WI area.