Yes, your profit will be a product of your debt servicing and acquisition costs so seeking the best rate you can get is important. I would suggest, however, working with a lender who understands you and your project is just as critical.
Here is what I would recommend you did instead of running to a property agent the minute you decide to sell your house. Try an online real estate company such as you might find on FlatFeeListing in your state. They will put your home up for sale in a Multiple Listing Service. At one time, it used to be that these were only accessible to a real estate in Marbella. estate agent; not anymore. And you don't pay 6% either - all you ever do is to make a one-time payment of $500. Of course you'll still owe 3% to the buyer's agen. But, that the could still save you thousands of dollars.
You may be wondering how you can start in this trade with a small budget. A lot of investors shun investing in real estate because they think it's too costly. That's especially true in real estate development. However, flipping is a different trade. You place properties under contract and then sell that contract to interested buyers. Since you won't actually buy the property, you won't need a huge capital to make investments in wholesaling.
Content is added weekly or daily to your real estate website. Google, Facebook, and your clients are always looking for something new. There is always something new happening in real estate company or service. estate. Your website needs to let them know what is happening. It may be an increase in inventory, a new listing (whether or not its yours), or just your opinion of the market.
Luxury real estate may also have historic value. Some of the more expensive homes were built between the 1800s and 1900s. So, in addition to prestige, such houses are also able to provide their owners with a more 'vintage' feel.
I think Henry hated the business more than I. Keeping the money in mind, I could at least make myself get on that phone and start calling hundreds of people who didn't want to hear from me, just to find the one or two that did want to. I got listings this way while Henry sat there waiting for the phone to ring. But I found it harder and harder to do.
Now it's time to talk about value again. The best value for most people would be a full service company that discounts its services and is staffed with agents who have business expertise and benalus the requisite skills to maximize your profits or savings. All I have done was outline a logical thought process, in effect showing you that it is really not a jungle out there.