BiggerPockets

Yes it is possible... you just have to have a good buyers list lined up.. once you have that you can search properties online, and you can do deals by email, fax,mail and phone

Jovan, do you have deals you've actually done like this? I've heard Larry Goins pitch his system where everything is hands off, but everyone I know who does wholesaling is actually out in the field doing deals.

Sure thing Greg. It cant be too hard, if you think about it. You can pay for some education on the topic if you want. I personally like Chris Chico more so than Tim Mai in terms of virtual wholesaling gurus.

That being said, the basic idea is you have a buyers list to email to when you have deals for sale.

You then have to market to motivated sellers (direct mail or telephone)

Have an "inspector" come to the property to evaluate repair costs, and the surrounding area.

Make your offer via fax or email, and have them either fax it back or overnight you the signed contract.

Blast an email to your buyers list, have your original "inspector" or "partner" show the prospective buyers the property, tie up with the buyer and close.

Your biggest hurdle is finding who you are going to use as your inspector. It could be a friend or family member, but definitely someone you can trust not to Jerry Mcguire your deal out from under you. :-)

It's way simpler than most people think. You can also use this same strategy to wholesale other peoples deals to your buyers list. Please let the person you are dealing with know that you are not the end buyer though. Otherwise they will group you into the shady category and not want to do business with you in the future.

Originally posted by Jon Holdman

Jovan, do you have deals you've actually done like this? I've heard Larry Goins pitch his system where everything is hands off, but everyone I know who does wholesaling is actually out in the field doing deals.

I don't know who Larry Goins or any of the other gurus mentioned earlier are, but--like Michael and Jovan--I do my deals the method Michael described almost verbatim. I chose to do it this way, because I'm more comfortable writing than speaking. (I'm a coder . . . enough said. Jon, I suspect you should be able to relate, because I think you mentioned you're also a physicist.)

Does doing business this way make some people uncomfortable? Yes, it does. After all, some people are better talkers than writers. So, when I work with these types of people, then we compromise: I write most of what I want to communicate, and call to confirm. They'll call me to communicate with me, and they'll write to confirm. This way we're both able to communicate in a way that's more natural for us. Nevertheless, I'm starting to get a little more comfortable talking with people (at least about non-technical stuff--I've never had a problem talking about technical stuff).

Does doing business this way mean that I'll miss out on some deals? Yes, it does (and has). Oh well, . . . life goes on, and I'll find other deals that I can do.