Angelica's House

“Girl, I can’t afford these repairs by myself”, is what a girlfriend of mine told me about 2 years ago.  She was going through a bad divorce.  Her husband had moved leaving her with major home repairs and the mortgage.  She wanted out, BAD!  She noticed a sign in her subdivision that said “We buy Houses”.  So she called and talked to an investor.  He came out and looked at it.  She told me he made an offer.  It wasn’t much, but she felt she had no other choice or much room to wait so she took it.

About a year later, I saw a sign that said “We buy houses”.  It just made me remember the sign my friend saw.  I started focusing on the "we buy ugly houses commercials" as well.  I Google searched them and found that a lot of those sites were owned by wholesalers.

Wholesalers?  What is that?  In a nutshell, they are investors that find homeowners that are very eager to sell their property.  They NEED to sell and very quickly. Most investors purchase properties significantly below appraised value.  They agree upon a price and then the contract is sold to another investor who is actually buying the property.  As an investor’s personal shopper, the wholesalers are then paid a fee for finding properties.

I was so excited because you don’t have to have money to do this.  So I’ve been doing research on how to make it happen for myself.  I've been learning a lot and now it’s time to start implementing what I’ve learned. Wish me luck!