If there is one thing that is certain about the real estate market, it’s that it will go up, and it will go down.
I have been in markets that have doubled in just two years. I have also been through markets that have come to a total stand still in just four hours.
UP OR DOWN
The good thing about wholesaling is you can make money in an up or a down market.
Compare this to having a rehab business where you are rehabbing five or six houses at a time.
In the 6 months it takes you to rehab and retail a house, you might not be able to get out in time if there is a sudden downturn.
KEEP ON WHOLESALING
Wholesaling is the one activity that is steady and certain, and the thing to do in a rising market is to NOT STOP wholesaling.
Wholesaling creates small chunks of cash in a relatively short period of time. Cash is the gasoline that keeps your business running, and steady cash flow is important.
In the wholesaling business, your biggest and most important expense is marketing. A relatively small expense compared to rehabbing 5 houses at a time where you can have $50,000 to $75,000 monthly going in and out of your account for labor and materials.
So, enjoy the ups as well as the downs, because whether there are good times or a crisis, there is always an opportunity.
Take care, comb your hair!
PS: Check out my YouTube channel for more great training!
PPS: Before I let you go, I wanted to give you my eBook! Download it here!