Buying a home for investment is a great way to make money.
The key is to find a legitimate home investor and avoid falling victim to rip-offs.
Unlike selling your property to a realtor, a home investor is closer to wholesale value than retail value.
Some home investors will even offer a sale-leaseback transaction.
A home investor will typically pay cash upfront so that you can avoid paying more than you should.
Some home investors only purchase properties in excellent condition so you should research them before accepting an offer.
You should also carefully investigate their background and reputation.
This is vital to avoid being a victim of a fraudulent investor.
If you’re selling a home to an investor, you’ll be getting close to the wholesale value of the property.
This is far better than a retail price, and you’ll save money on taxes.
The best deals are cash-up-front offers, which will cover the costs the investor incurs on a property.