Tag: DC Fawcett Virtual Wholesaling

DC Fawcett Virtual Wholesaling – How to rehab a house? Step by step approach by DC Fawcett

If you are about to start house rehabbing as your real estate investment method then you have to learn the procedures clearly. DC Fawcett one of the renowned real estate expert offers the step by step approach of rehabbing a house in an easy way.DC Fawcett Virtual Wholesaling

According to DC Fawcett reviews, before proceeding with the rehab process, the initial research on the property is necessary. Make sure you buy the rehab property in a desirable location first. Be it a house or any other real estate property, location is an important factor which determines the success rate of resale process. Once the location is fixed, the next step is to evaluate the property thoroughly. You can hire an inspector to check the house and verify whether it is structurally good enough to start rehabbing.

A house which is structurally sound in condition can be easily rehabbed as you need to only change the old things into a new one. But if the structure is bad, you have no other go but to destroy the building and start everything from scratch. This is not easy to do and its equivalent to buying a new home.

Step 1

Do a thorough inspection on the property! What does it need? A simple make over is enough or it needs a massive renovation? You can know these details only if you walk through the property and check everything. DC Fawcett complaints on some sellers who are smart enough to hide the flaws which you cannot easily identify. At such instances, you need to hire an experienced inspector who can tell you the defects clearly and also estimate the value of repairs and renovation needed. This inspection will cover electrical, plumbing, painting, roofing and other works too.

Step 2

Once the inspection is over, now it is time to create a plan and budget required for the rehabbing process. As per the DC Fawcett reviews, the more extensive the job is, the more money it cost you.  Based on your financial situation, you can opt to hire a contractor or individual workers. If some renovation works like painting and fix ups can be done by you, then you can hire workers for electrical, plumbing and other jobs. If the repairs and renovations are extensive and cannot be done on your own, then the contractor can ease the job.

Step 3

Start working as soon as possible once the budget is ready! Do not wait to start the rehab process so that you can put up your house for sale in the market quickly. Make sure that you fix the deadline for the job and work on it. Tell the contractor to work fast on the rehab process as the work may get stagnated for long time if they are not acting fast.

Step 4

Keep track of all the expenses of rehab process, the ultimate goal of house rehabbing is to earn profit, that is, you must get the higher selling price. The selling price should exceed the acquisition and rehab cost. Do not encourage the contractor to do unwanted decorations as it may charge you more. DC Fawcett complaints that sellers are not aware of the appreciation value of the property often. You contact some appraiser who can help you with that. You can decide to spend on rehab process accordingly.

Conclusion:

DC Fawcett, a real estate professional has started virtual real estate investing club so that investors can get an idea about it. Entrepreneurs who are interested in real estate can make use of these blogs which will also help you out to stay scam free. The aspiring entrepreneurs can make use of DC Fawcett virtual wholesaling methods as it involves no risk and cash.

DC Fawcett Reviews on real estate methods which earns you more profit

House flipping

Flipping houses, you can opt for this method of real estate investment once you have gained some experience in the field. From finding a right and cheap property to reselling it for more profit, there are many process involved in house flipping. If you are buying and selling the house after renovating it then it needs a huge capital. Flipping house requires hard work, time and patience since you cannot be sure of selling the house soon.DC Fawcett Reviews

Pros

According to DC Fawcett reviews, if done right, house flipping can turn out to be a great profitable business. You can make a big money in house flipping real estate investment method when compared to other methods.

Cons

House flipping process needs a huge investment since you have to buy the property. The flipping process requires hard work and money. Sometimes, the market might get declined suddenly which causes your house to sit for long period of time

Rental Properties

Many investors buy rental properties to get monthly income. Rental property is not a onetime investment! It gives you cash flow throughout the life time. Buying different rental properties like offices, houses and shops etc. and renting them to right tenants is what needed to get the income. Doing thorough research before purchasing rental properties is important because you cannot rent the property which is in isolated place. DC Fawcett reviews states that gathering information on people needs and buying the property accordingly will get you more prospective tenants.

Pros

Cash flow income! Other real estate investments cannot give you this! Rental properties can return you huge money with minimum capital.

Cons

DC Fawcett complaints that the cash flow income is said to be the major advantage of rental properties but, to get that money you have to spend a lot on maintenance. If you are not going to maintain the property then you won’t get the right tenants.

Real estate wholesaling

Wholesaling the real estate properties is nothing but assigning the contract to the buyer once the property is bought. You will not own any property while doing this business, but you can earn money just by assigning the contract. To do this business, you need to have many contacts in real estate industry. You can find the wholesale properties online and other multiple listing sites.

Pros

With very minimal or no investment you can start doing wholesaling business. If you are a new investor who wants to start doing real estate business then wholesaling is the better option.

Cons

According to DC Fawcett complaints, unlike normal real estate investments, wholesaling cannot be done just by referring to any websites. To become a wholesaler, you have to aware of the market situation and attend many real estate industry association meetings. This will help you to get information about the wholesale properties.

Conclusion

These are some general real estate terms as reviewed by DC Fawcett which will be very useful for real estate investors.You need to keep in mind that recession gas not taken place due to the event which no one has expected.

DC Fawcett Reviews On How To Make Money With Foreclosed Homes

How to sell houses fast in real estate market?

The basic strategy to make money with foreclosed homes is to sell it in retail. The condition of the house is an important thing which fastens the sale process. DC Fawcett reviews insists the investors on keeping the house in clean and good condition to sell it faster to the buyers. The same condition applies even if you want to sell it in the multiple listing websites. You can even sell the house to the end user for new loan.

How to make money with foreclosure homes?

You can help the people who undergo foreclosure procedure by paying their down payments and get some profit from the first mortgage. By holding the property’s second mortgage you can get the rest of the profit margin easily.

Wholesaling the property to rehabber

If the home is in too bad condition and needs extensive rehabbing process, then it is better to sell it through wholesaling. If you are not confident with the rehabbing procedures or have not done it before then sell it to someone who can rehab it quickly and sell it for profit. The house rehabbing is the process which requires sincere commitment and not DC Fawcett complaints that not all sellers can do it. You need to hire an expert for each and every work and complete the process quickly.

The planning and budgeting is the most important criteria when it comes to rehabbing the house. The more extensive the job is, the more cost it requires. Hence whole sale the property to rehabber for low profit while starting the foreclosure investments.

According to DC Fawcett reviews, the property needs to be priced at 70% of after repair value excluding the repair costs.

Wholesale the property to landlord

Wholesaling the property to landlord for renting purposes is also the wise option. If the property is in good condition and can be rented then you can sell it to landlord for higher profit. Landlords might easily accept those offers since they get cash flow income from rental properties on a monthly basis. Unlike other properties, rental ones yields comparatively higher profits. In this you can price the property at 80-85% of after repair values excluding the repair costs.

Other exit strategies

Some other exit strategies by DC Fawcett are,

  • The short sale properties can be bought and after doing a quick fix up they can be sold for retail price
  • Buying the short sale properties and wholesaling it in as is condition
  • You can fund the short sale property using the partners credit and sell it through any method, either retail it or sell it with lease option and get more money

DC Fawcett’s 3Ms of marketing

Market

Find out what is our target market to sell the foreclosure properties. Analyze the geographic and demographic target market list.

Message

Make it clear to sellers what we are offering for foreclosure properties. You can use email campaigns and other channels to send message to prospective buyers

Media

Keep sign boards in your neighborhood areas and point them towards the sale of your house. Mae sure that the buyer can reach the destination without any struggle.