When you wholesale a property, you assign your to purchase it (your “purchase contract”) to someone else. This has many, several benefits.First, you don’t need to wait three months or 6 months for that rehab to be completed before you realize an income. This is hugely important to cash flow; it enables you to move on and discover other deals. Whether it takes you six months to rehab a house in order to make $30,000, and also the same 6 months to wholesale ten houses to create $5,000 each, what’s best? Do the math.Second, you’ll need no money or credit to wholesale. Since you’re simply getting a distressed property ugg boots uk and assigning your to purchase that property, it costs you nothing. The buyer you find closes the deal, you receive your assignment fee, the vendor gets paid, and everyone’s happy!Third, you’ve hardly any liability. Many of you may discount this factor, because you haven’t yet experienced this rehabber’s nightmare. But if you’ve ever rehabbed a house and subsequently been sued over mold or nondisclosure or some other issue, you’ll know what I mean. When you wholesale, neither you nor your organization mens ugg boots ever takes title, so you have much, much less liability.Fourth, cost overruns for rehabbing can eat you alive. Over the years, I learned to include 20% to my rehab estimates. Now I believe in doubling them. Buyers are incredibly picky today and require everything concerning the property to become brand new. If you feel you are able to rehab a house without updating the uggs on sale HVAC or electrical system, think again. Don’t forget holding costs, either. Think you’re done following the rehab? Think more! Your property could sit on the market for three months or more. You’d better allow for at least six months of mortgage payments, heat, electricity, water, property taxes, insurance, and lawn care.I will tell the cold, hard proven fact that wholesaling is really a much easier method to earn money purchasing property. Nevertheless, many of you will look at this and select to rehab anyway.If you do, I may wholesale you a house eventually. Then I will fly first class to Italy and do some sightseeing, when you deal with the rehab. Go ahead—rehab as many houses as possible. I promise I’ll always be ahead.Be sure to follow my blog to get weekly tips about how to take your wholesaling career to the next level!