Wholesale Case
Wholesale Case
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American Weigh Black Blade Digital Pocket Scale, 1000 by 0.1 G
List Price:  |
DescriptionProduct FeaturesHandy digital pocket scale includes a retractable backlit display, making the most of space-saving efficiencyWeighs up to 1000 grams in 0.1 gram increments; easy to use with a 3-key operationComes bundled with 2 sizes of expansion trays, including extra-largeIncluded carrying pouch holds everything, so taking it on the go is easyCovered by a 10-year warranty; powered by 2 AAA batteries, which come included Amazon... |
Do I Need Good Credit To Wholesale Houses?
You need not worry about your credit rating when wholesaling because it NEVER enters into the picture for this type of real estate deal! As a wholesaler you are never going to need to qualify for a mortgage.
Wholesalers either "double close" on their wholesale deals or they "assign" their contracts to their investor/buyers eliminating the need to ever fill out a credit application!
Since the majority of wholesale deals are funded with Private Money and not conventional funding, traditional credit based borrowing goes right out the window!
When "Double closing a Wholesale deal only one loan package is used to close both sides of the deal. Your Buying from a motivated seller and then your selling back to your Investor/Buyer with the same money, (using it twice!). So the ONLY person who needs to give credit info is your Investor/Buyer, because he is ultimately one the one who is on the "hook" for the financing with the private lender, NOT YOU!
SO YOU DON"T HAVE TO GET YOUR CREDIT PULLED! YOUR CREDIT DOES NOT MATTER ONE BIT because your not the one repaying the loan!
What other style of real estate investing allows you to control hundreds of thousands of dollars of real estate deals even if you have "Bad Credit"?! NONE that I know of!
Also, because most wholesale deals revolve around Private Funding, there is NO CREDIT AGENCY REPORTING! This is because the "Private Lenders do not report to the agencies. So your buyers credit rating NEVER shows any new loans on their credit report!
This helps your Investor Buyers credit rating because their debt to income ratio never changes even though they may have placed several hundred thousand dollars worth of mortgages with the Private Lenders.
This means your investor buyer never looks like his credit limit is over extended! Your buyer can still borrow more money from other hard money lenders anytime he wants, in turn, he can still buy more deals from you!
But, if YOU have blemished credit, YOU can still invest heavily in real estate as a real estate wholesaler. You can start TODAY!
More free FAQ videos here:FAQMentor.com
About the Author
Since 2001 Eddie Case has flipped several hundred houses in the Harrisburg, PA region. Eddie's "straight line" approach to Wholesaling revolves around the unique specialty of
"assigning his contracts" to other investor/buyers commonly, this technique is known as assignments. Eddie is the host of his own weekly radio talk show "Reality Real Estate" where he educates his listeners on the subjects of wholesaling and assignments. Eddie is dedicated to helping others succeed through understanding and applying his time tested, step-by-step approach to wholesaling houses.
Wholesale Case Study Walkthrough
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American Weigh Black Blade Digital Pocket Scale, 1000 by 0.1 G
List Price: |
DescriptionProduct FeaturesHandy digital pocket scale includes a retractable backlit display, making the most of space-saving efficiencyWeighs up to 1000 grams in 0.1 gram increments; easy to use with a 3-key operationComes bundled with 2 sizes of expansion trays, including extra-largeIncluded carrying pouch holds everything, so taking it on the go is easyCovered by a 10-year warranty; powered by 2 AAA batteries, which come included Amazon... |
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Ball Quilted Jelly Canning Jar 4 Oz., Case of 12
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DescriptionMake jam for gift baskets in these cute little jars. You might also use them for organizing craft supplies or herbs and spices. |
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Ball Regular Mason Canning Jar 1 Qt., Case of 12
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DescriptionYou'll taste the freshness of fall's harvest in February when you open the jar of preserves you canned. |
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Sandisk 16GB MicroSDHC Memory Card, Class 4
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DescriptionSanDisk is proud to announce our newest format and capacity to the SD card family: microSD High Capacity (microSDHC) 16GB flash card. Not all devices support microSDHC 16.0GB cards. Please contact your device manufacturer for details... |
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OtterBox Defender Series for the New iPad (3rd Generation) & iPad 2 - Black
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DescriptionDeveloped with your active lifestyle in mind, the iPad Defender Series case from OtterBox employs multi-layer technology combined with high-quality materials to create the most solid protective solution... |
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EMPIRE 5-Pack LCD Screen Protector with Lint Cleaning Cloth for Apple iPhone 3G 8GB 16GB [EMPIRE Packaging]
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DescriptionBrand new non-OEM. Clear, ultra thin and durable. Quickly and easily adhere directly to your screen. Non-adhesive backing, will not leave sticky residue. Include a cloth and Five screen protector. |
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Crazysexycool
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DescriptionTLC Crazysexycool UK CD album |
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DescriptionCD |
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Tori Amos - Welcome to Sunny Florida (DVD with Bonus CD in Amray Case)
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DescriptionConcert recorded in West Palm Beach Florida Sept. 2003. Includes a bonus disc with 6 songs of Scarlet's Hidden Treasures. Cover, discs, and insert are in mint condition. Region 1 (USA & CANADA) |
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Dumbo (Two-Disc 70th Anniversary Edition Blu-ray / DVD Combo Pack in Blu-ray Packaging)
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DescriptionA Disney "classic" that actually is a classic, Dumbo should be part of your video collection whether or not you have children. The storytelling was never as lean as in Dumbo, the songs rarely as haunting (or just plain weird), the characters rarely so well defined... |
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