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.
Also known as lis pendens. The homeowner has been served with a NOD notice of default
A list of properties with code violations on them for the last 6 months. Please include full address and owners name
A list of properties that are delinquent on their utilities and or taxes. Please provide full address, name as well as balance owed
A list of these homes is kept in the probate department in evey town
A list of properties flagged abandoned or vacant. Most municipalities keep one available
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
These four software tools provide real estate investors with powerful resources for finding, analyzing, managing, and closing deals. Prop Stream and BatchLeads provide data and leads, while Privy and Flippster provide deal management and analysis tools.
Prop Stream is a real estate data platform that provides investors with access to property data, leads, and analytics. With Prop Stream, investors can search for properties using filters such as location, property type, and price range. Prop Stream also provides access to MLS data, foreclosure data, and demographic data.
BatchLeads is a lead generation tool that helps real estate investors find motivated sellers. With BatchLeads, investors can access lists of properties that are in pre-foreclosure, probate, or bankruptcy. Investors can also use BatchLeads to skip trace phone numbers and email addresses for property owners.
RealtyTrac offers a one-stop shop for homes buyers, investors, and other real estate professionals. You'll get access to the largest selection of homes for sales including, pre-foreclosures, foreclosures, auctions and bank-owned homes.
Podio is a cloud collaboration software that aims to structure most aspects of your business. This alone doesn’t make Podio very unique. But how Podio does collaboration is what really sets them apart. The software tries to be as malleable as possible to ensure they are the right fit for any business.
Privy is a real estate software platform that helps investors manage their deals, including acquisitions, rehabbing, and sales. With Privy, investors can track their deals from start to finish, including tasks, documents, and financials. Privy also provides tools for deal analysis and investor reporting.
Flippster is a real estate software platform that helps investors analyze deals and make informed investment decisions. With Flippster, investors can input their investment criteria and receive a list of potential deals that meet their requirements. Flippster also provides tools for deal analysis, including property valuation, repair estimates, and ROI calculations.
Podio is a cloud collaboration software that aims to structure most aspects of your business. This alone doesn’t make Podio very unique. But how Podio does collaboration is what really sets them apart. The software tries to be as malleable as possible to ensure they are the right fit for any business.
Privy is a real estate software platform that helps investors manage their deals, including acquisitions, rehabbing, and sales. With Privy, investors can track their deals from start to finish, including tasks, documents, and financials. Privy also provides tools for deal analysis and investor reporting.
Flippster is a real estate software platform that helps investors analyze deals and make informed investment decisions. With Flippster, investors can input their investment criteria and receive a list of potential deals that meet their requirements. Flippster also provides tools for deal analysis, including property valuation, repair estimates, and ROI calculations.
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
Free Way To Get Started
Can Make Up To 3 Different Account – use multiple emails
https://get.directskip.com/easylists/?affcode=souad821
Can Make Up To 3 Different Account – use multiple emails
https://get.directskip.com/easylists/?affcode=souad821
