I began wholesaling over 13 years ago, because I had too many properties at one time, and not enough crews to work them all. Some properties would have to wait several weeks before a crew could start – costing me money all the time.

In property investing,waiting drains the wallet with monthly carrying costs such as utilities, insurance,interest on loans, upkeep if a yard must be maintained, and even security measures. Money is going out by the double-handful, and nothing is coming in.

An equally important cost of waiting: I had put capital into each of them that wasn’t available for new profit opportunities until the current properties were rehabbed and sold.Investing in fix & flips is all about selling, freeing up the capital to invest in the next profit opportunity.

But I knew other investors with the opposite problem – they needed property to work and sell. So, I offered to wholesale them some of my property that was untouched and sitting idle. It was a win/win! They covered my cost plus a small profit to me, they got a flip project with the acquisition work already done.I got my capital back to find other deals –and I got a nice fast profit.

Cash is the lifeblood of any business.Even if you have cash in hand, staying busy with wholesaling is a great way to build up the war chest. More cash keeps up the cushion for fixing an unexpected project problem. The more cash, the more possibilities for profits on more new deals.

Wholesaling builds your personal wealth.By wholesaling just one deal a month for $10,000 profit,you’ll earn an additional $120,000 annually. That’s peace of mind that you are paying your regular bills while continuing your real estate investing. Perhaps you are creating generational wealth; or putting more aside to provide any education for which your children can qualify; or planning to buy something special for your lifestyle such as a second home or a luxury purchase.

We all have capital constraints – but never let an absence of ready cash stop you from looking for deals on a daily basis. If you are short on available capital, or busy with more projects than you can handle, don’t pass on a potential deal. Wholesale it – and you can make some money and make another investor happy in the process.

Have you ever bailed out a rehab project with the cash from a wholesale deal?

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