Every day, there are hundreds of small businesses popping up all over the United States of America because that's what we're known for in this great land: trial and error, looking for the next big thing that will lead to your riches and the American Dream. It is truly amazing what this country can offer everyone if we all put our minds to working hard! One industry that this country provides opportunity for is real estate. Everyone can study and learn the industry, taking an exam and earning a "degree" of sorts that provides an instant job. You still have to work hard to become successful in it. With the ease of access and startups, people are doing all kinds of things to try to get rich quick. One method is mailing houses and seeing if people want to sell there house to them that are maybe absentee owners, or maybe an inherited house. Tons of different lists are generated to be mailed out. So let's dive right in.
So should you trust a letter that you receive in the mail that says, "We buy houses fast for cash in Nashville, TN!"Should you trust this type of letter?
These letters are sent from what we in the real estate industry call wholesalers. They try to get a property cheap, then flip it over to an investor who will go in and rehab it or rent it or hold it. They make a quick $2,000, $5,000 even $10,000 for each house when they do this, so it definitely makes sense as to why they would do such a thing. Now let's answer that question: Should you trust that letter they sent you? I suggest doing your research!
For example, let's say you receive a letter from Favor Home Solutions. (Using these guys as an example because I've dealt with them before and they are some of the best in the business.)
These guys are legit, professional and they get you paid fast. If you get a letter from them, then you definitely need to call them because they will actually buy your house, not cheap you out.