So, you want to get into the wholesale property game but you have no interest in dealing with sellers. So many people convince themselves that the only way to make money in wholesale is to work with sellers, but nothing could be further from the truth. In fact, there is a simple and easy way to make it big without ever having to talk to a single seller if you don’t feel like grinding it out in the trenches.
What is this amazing way to wholesale properties? It may seem like an impossibility for you right now if you’ve never heard of it, but this method works, it’s effective, and it’s a great way to make an excellent living as an intermediary.
With that in mind, we’ll now teach you how to wholesale properties and make money without ever talking to sellers. If this is what you really want, then you are in for a major treat my friend.
Working with Other Wholesalers
The best part of this strategy is the pure and simple fact that you are going to work with other wholesalers in order to make a great living. You are going to use their inventory to sell properties to your buyers and take a cut of the sale price, which is basically the way real estate agents make their piece of the pie.
For some people, this method of using other people’s inventory is going to be right up their alley. Because the wholesalers have done the difficult legwork for you already. They’ve already found motivated sellers. They’ve already put them under contract. Now it’s your job to find a buyer for them quickly, because their contract is going to expire otherwise and they will be out of luck at that point.
That’s why it’s important to have a list of potential buyers already available and on hand. This way you’ll be able to sell the house quickly, make the wholesaler incredibly happy because of your quick turnaround, and you’ll get your cut all at the same time and you get to walk away contented without dealing with sellers, which is your overall goal.
Building a Buyers List
Now, if you’ve been in the game for a while you may already have a list of potential buyers on hand. Obviously this is a good thing but buyers come and go, so you’ll need to update your list from time to time anyway to keep it fresh.
Obviously, you’re never going to be able to sell wholesale properties without a buyers list. So you definitely have to do the work ahead of time to develop a list that you can quickly turn around and flip houses to whenever new inventory comes your way.
A few great options to use to build your wholesale real estate buyers list include using handwritten bandit signs, use the MLS to find recent cash sales, or you can call “for rent” signs that are located throughout your target neighborhood.
By using these approaches to refresh your buyers list, you’ll definitely come across potential prospects interested in buying wholesale real estate. So if you aren’t using these tactics already, it’s definitely time to kick things up a notch and begin building a healthy buyers list sooner rather than later. Your wholesalers are counting on you to get the job done, so it’s in your best interest to take marketing seriously sooner rather than later.
Presenting Properties to Your Buyers
At this point, it’s time to start contacting your list of potential buyers to let them know about your current available inventory. Obviously they aren’t going to buy any property if you don’t let them know it’s available. So getting the word out is certainly the first step before you can ever present the property to anyone.
If any one of your potential buyers expresses interest, it’s time to schedule an appointment to take them over the property so they could take a look around. Give them carte blanche to look at anything and everything, answer all their questions, relieve them of their concerns, and treat them like royalty.
You never know who is going to end up being interested in one of your properties. So go all out at this point, make your buyers comfortable, and hopefully they’ll be ready to make an offer in no time.
How to Make Money with This Strategy
Simply put, it’s pretty straightforward how to make money using this strategy. Once you’ve come up with a buyer for the wholesaler, you can then tack on an additional fee that you and the wholesaler agree to and you’ll basically get paid a commission. This is an easy and basic way to make money in the wholesaling game without ever speaking to a single seller. If it’s appealing to you, you should definitely give it a try. Let us show you how – click here.