Why this real estate agent wholesales FIRST

Let me (the maverick Michigan wholesaler) explain very explicitly why I wholesale properties...

Being that myself and rehab extraordinary rehab partner Steve mills are experts in the Michigan flipping business I want to show you the problems you will face as a rehabber in today's spring 2010 market.

We have successfully done over 100 properties in just over two years and never lost a dime on one of them. Now for clarification we have had deals we have made only $400 on but when we look at them, those deals cultivated the best long term relationships and catapulted our VIP wholesale business.

About 50 of these were rehabs and 50 of these were wholesale

So lets get to the root of this message.

As I play on the MLS and inventory begins to dry up my natural human instinct is to go where the masses are not looking. I have secret loopholes in my MLS system that allows me to uproot deals that others simply would look over.

This comes from two things:
Local market knowledge and knowledge of how to exploit my own MLS system.

As I am searching thru the MLS and seeing sold comps that are appraising FHA (directly from the bank to the homeowner) for more than our gorgeously remodeled up to code homes are I am lead to believe two of three absolutely true things.

1. All banks require buyers QUALIFY with THEIR own lenders to completely control the sale and appraisal of such property
2.Appraisers who are brought in to show value for investor properties are not fully aware of individual "pocket markets" (which I can see on the actual appraisal since they are chosen at random and drive from hundreds of miles to unknown territory)
3.There is no consideration for the maximum upgrades placed by the investor/seller of these redeveloped properties.

However, there are final qualifications the seller must now comply with aside from the certificate of occupancy that could be money better spent by todays investors/sellers. Since appraisers are now verifying for any evidence of mold for FHA regulators, sellers must be certain that absolutely no evidence of moisture has penetrated the basement joists or attic joists/vents. Remediation is one of the current markets most profitable sub markets due to influx of neglected homes.

So...as an expert wholesaler who has the time to research the market changes and conditions I am able to give my buyers an updated report (such as this) to make aware of the set backs they will face and the opportunity that underlies from being the last man standing.

Wholesale is defined as this:The sale of goods in large quantities, as for resale by a retailer

Since there is opportunity to make fortunes in this industry and landlords are migrating from as far off as the land down under, you can reposition yourself as a local expert.

Stay on top of what is going on in your market by following these trend sites. Starbucks (which is directly linked to how well the rental industry is performing), MGIC (which is the mortgage website for market statistics and obvious choice of Realtor.com which control every aspect of todays market.

Just thought I would share that...Make It Happen and build momentum TODAY