Should You Wholesale or Hold the Property? REI In Your Car Episode 1132
We\u2019re in a crazy environment right now. People are afraid of food shortages, gas prices, and inflation and it\u2019s getting harder to get a mortgage. With all of this uncertainty, you might be wondering whether or not you should keep a deal or wholesale it. In uncertain times like this, sometimes it\u2019s better to turn around something quick on a wholesale flip than to spend energy and money managing the rehab and getting stuck with it.
With flipping, you can wind up managing what feels like adult daycare, and dealing with contractors, buyers, and realtors. With wholesaling, you\u2019re not taking on any risk or liability but still getting the profit. Wholesaling isn\u2019t as sexy as the flippers you see on TV, but it can save you a ton of hassle. If you\u2019re going to stick with flipping, make sure you have multiple exit strategies. It\u2019s important to be smart during an uncertain economy and wholesaling can help you stay recession-proof.
What\u2019s Inside:
\u2014When to keep a flip and when to wholesale it.
\u2014How wholesaling can help you through a recession.
\u2014Why you should have multiple exit strategies when flipping.