What Is Real Estate Wholesaling? What is The Process?

Turkish real estate is a lucrative market for local and international investors who would like to make a profit from buying a property in İstanbul to resell it later with benefit or for those who are planning of buying a summer house in Turkey to spend their holidays and make a good capital gain.

Real estate wholesaling is a short-term investment strategy many investors use to make large profits. Contrary to what you may think, real estate wholesaling has no relation with retail wholesaling. In retail wholesaling, the wholesaler sells a large number of goods to a retailer, who repackages and sells them to consumers at a much higher price. Because of the volume of goods sold to the retailer, the wholesaler can charge the retailer a much lower price.

Real estate wholesaling does not involve the sale of multiple properties at lower prices at all. In fact, it is a very different way to invest. In this strategy, the wholesaler contracts a property usually one that is distressed with a seller, and starts marketing this property around to potential buyers, and then sell it to an interested investor or buyer.

Wholesaling real estate is best suited for people who want to get into the business, but do not have enough finances. One of the best things is that you do not need to take a course, pass an exam, or get a real estate license to become a wholesaler. But it needs great social skills and patient…Real estate wholesaling is not for everyone. It requires a lot of time, commitment, and patience, it is a full-day job. People also need to have great communication and marketing skills. And it does not hurt if you have a network of investors at your disposal who may be interested in buying the properties you wholesale.

Finding the right kind of property in İstanbul is the first step to wholesaling. Homeowners who own distressed properties and want to sell, make great prospects. These properties can be extremely attractive to potential investors, especially if they are in the right location, come with already desirable features, and have the right price attached. Before you make an offer, you will want to review what kinds of repairs or additions the home will need…

 

Property Invest is a real estate company working with professional and experienced Turkish real estate agents and legal consultants, who will provide you with the needed support during your investment process in Turkish properties, and the acquisition of Turkish Citizenship.

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