Real estate wholesaling is a strategy where a wholesaler enters into a contract with a distressed property seller, then assigns or resells that contract to an investor buyer for a fee. The wholesaler acts as an intermediary, facilitating the transaction without actually owning the property. Oftentimes, at Anjy Buys Houses we keep the properties we buy.
Creative financing refers to alternative methods of financing real estate transactions that go beyond traditional bank loans. It involves utilizing strategies such as seller financing, lease options, subject-to deals, or private lending to provide flexible financing options for buyers and sellers.
Seller financing, also known as owner financing, occurs when the property seller acts as the lender and carries the financing for the buyer. The buyer makes monthly payments directly to the seller instead of obtaining a loan from a bank or other financial institution.
To sell an inherited property quickly, consider working with a real estate investor like us. We specialize in purchasing distressed properties, including inherited ones, and can provide a fair cash offer, allowing for a swift and hassle-free sale.
We buy various types of distressed properties, including properties in need of repair, foreclosure properties, fire-damaged properties, inherited properties, or properties owned by individuals facing financial difficulties.
The purchase price for a distressed property is based on several factors, including the property's condition, market value, repair costs, and our profit margin as a wholesaler. We conduct thorough assessments and market analyses to ensure a fair offer that benefits both parties involved.
Yes, in many cases, we can work with properties that have liens or other financial obligations. We'll assess the situation and determine the best course of action to handle the liens and ensure a smooth transaction.
The timeframe for completing a wholesale real estate transaction can vary depending on various factors, including the complexity of the property and the title transfer process. Generally, the process can take anywhere from a few days to a couple of months, at the most. It is typically much faster due to private money, and no inspections.
It allows you to avoid the costs and time associated with extensive repairs, resolve financial difficulties, or quickly sell a property without going through the traditional listing process. Did I say Quick SALE?!
Working with a real estate investor or wholesaler who specializes in distressed properties is often the most effective way to find buyers. We have networks of investors looking for opportunities and can expedite the selling process.
Real estate investors do not charge a fee, closing costs, or commission to sellers. They make their profit by purchasing the property at a discounted price, factoring in the costs of repairs and potential resale. You will be responsible for any back taxes or overdue water bills, but that can be paid at closing with the proceeds of the sale.
Distressed properties, Rental properties, Multi-family properties, Vacant properties, Commercial properties, and Raw land.