One of the best things about real estate investing as a business is the minimal amount of equipment required. Unlike, say, a restaurant, which requires zoning, expensive equipment, perishable inventory and a large staff, a real estate business requires very minimal overhead and equipment.
At minimum, you would want the following:
A cell phone
A computer with Internet access
A digital camera
A fax machine (yes, you can use the ones at Kinko's but we recommend you invest in a fax machine for $49 to $99)
Access to the MLS (Multiple Listing Service) or better, a commercial comps service to determine the value of the properties
If you want to make your business much easier to run, you would also want the following:
A part-time assistant (pay the assistant $8 to $12 per hour and expect to have the assistant for 5-20 hours per week)
An answering service to answer your calls 24/7 [the firm we are using charges $49 per hour for 60 minutes and then approximately 50 cents per minute: this is a small price to pay to have 24/7 support for your business]
(Optional but highly recommended) A Web site to capture all your buyer leads (you can invest in a site that captures seller leads later). Expect to pay $1,500 or more for a professional level investing site
You then need a marketing budget of approximately $200 or more to generate the leads from sellers. Or, you can use our approach and partner with local partners to get their properties to market and get the properties for free. For way less than $1,000, you can be in business and start down the path of making serious money with real estate investing.
The best part about being a property wholesaler, there is literally now cap to how much you can make. That $1,000 investment can make you millions!
Learn More About Real Estate Wholesaling Download the FREE Wholesale Manifesto Now: [http://www.wholesalingmanifesto.com/members/]
Alex Nghiem is the co-founder of several Real Estate investment websites and is a well respected coach. His latest project is the just completed Wholesale Manifesto. Learn All about Real Estate Wholesaling [http://www.wholesalingmanifesto.com/members/] Here.
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