COMPLETE GUIDE to WHOLESALE REAL ESTATE
PART -1
By SOUAD MEHDOUN
What Is Wholesaling?
Wholesaling is the process of finding and contracting a property with a motivated seller and then assigning that contract to a buyer for a fee.
Key points:
- Wholesaling is a way to make money in real estate without actually buying or owning a property.
- Wholesalers act as intermediaries between sellers and buyers, and earn a profit from the assignment fee.
- Wholesaling requires marketing skills, negotiation skills, and knowledge of the real estate market.
Lead Generation
Finding Motivated Homeowner – A motivated homeowner is a seller who is eager to sell their property quickly, often due to financial or personal reasons.
Key points:
- Wholesalers need to be able to find motivated homeowners in order to secure profitable deals.
- Wholesalers can use a variety of marketing strategies, such as direct mail, online ads, and networking, to reach potential sellers.
- Wholesalers can also work with real estate agents, attorneys, and other professionals to identify motivated sellers in their area.
Lead Generation
Finding Motivated Homeowner – A motivated homeowner is a seller who is eager to sell their property quickly, often due to financial or personal reasons.
Key points:
- Wholesalers need to be able to find motivated homeowners in order to secure profitable deals.
- Wholesalers can use a variety of marketing strategies, such as direct mail, online ads, and networking, to reach potential sellers.
- Wholesalers can also work with real estate agents, attorneys, and other professionals to identify motivated sellers in their area.
Strategy 1 – Driving For Dollars
- Driving for dollars involves physically driving around neighborhoods and looking for distressed properties or signs of motivation, such as overgrown lawns, boarded-up windows, or for sale by owner (FSBO) signs.
- Take note of the property addresses and contact the owners to inquire about their interest in selling.
- Be respectful and empathetic in your approach, as many distressed homeowners may be going through difficult situations.
Strategy 2 – Public County Records And Foreclosures
- Public records and foreclosure lists can be valuable sources of information for finding motivated home owners.
- Monitor public records for properties with liens, tax delinquencies, or code violations, as these may indicate a motivation to sell.
- Keep an eye on foreclosure lists to identify homeowners who may be facing financial distress and could be motivated to sell quickly.
PUBLIC COUNTY RECORDS SAMPLE
Public County records are sometimes given in the worst format possible . Many wholesalers won’t go the extra step of taking these lists formatting them into an excel and skip tracing for phone numbers. This makes it a huge opportunity if you’re willing to put in the extra work to get less saturated lists
Software
Skip Tracing
Skiptracing is the process of finding the phone, email, or other contact information on a potential property lead. When Skiptracing, there are several options out there in helping Some are paid, and some are not.
DIRECT SKIP – 500 FREE
Can Make Up To 3 Different Account – use multiple emails
https://get.directskip.com/easylists/?affcode=souad821