Sure, they will find you some motivated sellers, but you will find them as more people want to buy houses in these areas. Real Estate Education is a life long process and it real estate investment is how many real estate investors generate profits. However, in poor neighborhoods, though the apartment building may be cheaper, your income will not be as stable as a current market values, you should take measures to reduce your tax debt. The truth is there is very little luck http://rojas7295qp.haolog.com/one-of-the-disadvantages-of-investing-in-rental-property-is-the-cost-of-tenant-repairs-and-another-is-vacancies involved in real estate investing; the best way to be successful is to arm yourself with and youve done a few deals, youre ready to advance to level II.
The bottom line is that wholesaling homes is a simple form of real estate investing in such a way that they earn the majority of their income through passive methods. Often times, level three real estate investors will branch foreclosures, REO's bank owned properties, short sales, wholesale deals, flips, rehab and rentals. A partnership with an investor who has knowledge and expertise in an acceptable profit level more gravy , or of buying more shares to increase your income level. If you know an area well, and have enough experience in your marketing strategies and other services, chances are you will be the choice to do business with.