Posted on November 7, 2017
wholesale real estate in Egypt is one of the fastest and easiest ways to get into the world of real estate and is certainly the most powerful strategy for investors. Explicitly this is great for those that want to get paid quickly; moreover, it often becomes a series of considerable and recurrent paydays if you get it right. While this being the main reason why people get into egypt wholesale real estate, limited resource is also one of the reasons. Now let us have a look at the type of properties you can wholesale and where to find such lucrative deals.
One of the most obvious choices for a large part of wholesalers is single family house and often they are the most unstated type of property. Having said that, townhomes and individual condos also come under this category!
Multifamily Properties like small duplexes to large apartment buildings can also be wholesaled, but there is one thing to be noted in this case, once 5 or more units are reached it comes under the category of commercial property.
Mobile and manufactured homes are becoming popular these days and they can also be wholesaled; either the individual units or entire parks.
Wholesale vacant infill lots, acreage, or large cairo commercial properties parcels.
Where to find real estate wholesale deals?
Listed below are some of the ways through which you can find properties to wholesale.
Distressed homeowners – Homeowners can be distressed and comes up to market their property for a variety of reasons that is totally endless, it may be because of divorce, legal troubles, inherited property, or relocation purposes. Often it is found by reaching out through lead lists.
Auctions and FSBOs – You can bid and win deals in auctions that are happening everywhere on wholesale priced property. Talking about FSBOs “For Sale by Owners” you can spot it out online and also by driving your local neighborhoods.
Real Estate Brokers and REOs – The property listed on the MLS multiple listed services may seem overprices, but real estate agents can have access to off-market properties. Together with this they can motivate sellers, negotiate and market deals on your behalf, so contacting a professional real estate broker is said to help. Coming to REO’s, like banks, mortgage lenders, credit unions, special servicers they are the best source of egypt wholesale real estate, having said that, these are properties taken back in foreclosure and which need to be liquidated.
Tags: Cairo commercial properties
, multifamily properties
, wholesale real estate in Egypt