Wholesaling ugly houses is a common business model that most real estate investors implement when first getting started in the real estate investing business. On the flip side to that, wholesaling pretty houses is a model that is left aside, mainly because most investors don’t understand how to take advantage of this type of business model.
In this video, I’m going to discuss the differences between wholesaling ugly houses and wholesaling pretty houses. I’ll also provide you with a link in order to getting a fool proof protection agreement for any type of real estate deal you do.
Watch the video below in order to find out if wholesaling ugly houses or wholesaling pretty houses is right for you:
- Wholesaling Ugly Houses- Ugly house investing is when an investor is primarily looking for houses that need work. These are older homes with a lot of equity, and can be bought at deep discounts usually with cash. This is a common way to get started in the real estate investing business, simply because there are large profit margins in these types of deals. Think about it, you can literally buy houses for pennies on the dollar. That is why it makes sense to implement this type of model.
- Wholesaling Pretty Houses- Pretty house investing is when an investor focuses his or her attention on houses that can be acquired using some type of creative investment strategy. Like the ugly house business model, these homes can come with boatloads of equity as well. In addition to that, they can also be acquired if they have little to no equity. These deals are usually purchased with very little money out of pocket (if any), and you can do these types of deals on homes that don’t need a lot of work as well. Whether the home is a newer home, or an older home, this strategy will allow you to take advantage of the best of both worlds.
In my opinion, investors need to be focusing on multiple ways of investing in order to really maximize their profit potential in the real estate investing business. Basically, never put all of your eggs into one basket. When you diversify, you’re setting up different ways to achieve your end result. Remember, multiple ways are always better than one.
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