Stephani Davis

Archive of Stephani Davis's Articles

Formerly a bartender, Steph Davis is now a full time wholesaler in Tampa, FL. If you'd like to get an idea of what it's really like out there in the trenches, head on over to her blog: FlipThisWholesaler.net!

Stephani has written 47 article(s) for the BiggerPockets Blog.

Real Estate Wholesaling

Why is Your Wholesale Deal Not Selling? (Part 2)

by Stephani Davis | July 8, 2010

As a real estate wholesaler, your success largely depends upon being able to find an end buyer for your deals once you have them under contract. As I mentioned in my article last week, if you have a wholesale deal that you’re having a hard time finding an end buyer for, the problem can usually [...]

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Real Estate Wholesaling

Why is Your Wholesale Deal Not Selling?

by Stephani Davis | July 1, 2010

Last week I got an email from a beginning wholesaler asking me for advice. He told me he was considering doing deals virtually in another market because there were “no buyers” in his. He had recently put three properties under contract with the intent of wholesaling them to end buyers, but ended up backing out [...]

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Real Estate

REO Pet Peeves

by Stephani Davis | June 24, 2010

For the last three years I’ve been pursuing REO properties that are listed on the MLS, and while it’s been a great run so far, there are definitely some frustrations that come with working in this niche. For those of you who have incorporated the MLS into your acquisition strategy, you probably know what I’m talking [...]

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Real Estate Investing

Using Investor Comps to Analyze Your Wholesale Deals

by Stephani Davis | June 17, 2010

One of the most important keys to becoming a successful real estate wholesaler is knowing your market inside and out, and being able to tell if a “deal” is really a deal. This is a skill that takes time to develop, but once learned, will make your life much easier when deciding whether or not [...]

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Real Estate Technology

Using Google Maps to Save Time

by Stephani Davis | June 10, 2010

As a real estate wholesaler, one of the websites I’ve grown increasingly fond of over the last year or so is Google Maps- particularly the “Street View” function they provide. In fact, unless I am already intimately familiar with the neighborhood where a potential deal is located, Google Maps is the first place I go [...]

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Real Estate

How to Access MLS Listed Properties Without Having a Real Estate License

by Stephani Davis | June 3, 2010

About three years ago I decided that I wanted to start pursuing bank owned properties that were listed on the MLS. My first thought was to find a buyer’s agent to get listings and submit offers for me, but after talking to a handful of agents who had no interest in submitting multiple low offers, I [...]

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Financing Real Estate

Using Transactional Funding in Your Real Estate Wholesaling Business

by Stephani Davis | May 27, 2010

In a perfect world, all real estate wholesale transactions would be completed by simply putting a property under contract, and then assigning that contract to an end buyer via an assignment agreement. While this is the quickest and easiest way to wholesale a piece of property, unfortunately, it is not always possible to accomplish. When [...]

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Real Estate Wholesaling

How I Made 3k in 3 Days Using OPD (Other People’s Deals)

by Stephani Davis | May 20, 2010

As a real estate wholesaler, one of the the quickest and easiest ways to put cash in your pocket is by networking with other wholesalers in your market and partnering up on deals. In my city there are more wholesalers than you can shake a stick at, but instead of looking at them as my [...]

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Real Estate Investing

Three Traits of Successful Real Estate Wholesalers

by Stephani Davis | May 13, 2010

I got an email a few days ago from an aspiring real estate wholesaler who was having a tough time getting started. Among other things, she asked me what I thought were the top three characteristics that make up a successful wholesaler. It was tough to narrow it down to three, but following is the [...]

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Real Estate Investing

Five Real Estate Wholesaling Tips

by Stephani Davis | May 6, 2010

After three years as a full time real estate wholesaler, I’ve pretty much made every mistake in the book, and have learned some valuable lessons in the process. Following are five wholesaling tips that I’ve picked up while out in the trenches: #1) Always collect an earnest money deposit from your end buyer When I [...]

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Commentary

A Little Motivation Goes a Long Way

by Stephani Davis | April 29, 2010

Everyone could use a little extra motivation in their life (and business) every now and then, so I thought I would write up another post with some of my favorite motivational quotes. Hopefully they will inspire you as much as they do me. Enjoy! “I believe life is constantly testing us for our level of commitment, [...]

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Real Estate Investing

The Cheapest and Easiest Way to Find Buyers for Your Wholesale Deals

by Stephani Davis | April 22, 2010

As a real estate wholesaler, it’s important to be able to quickly locate an end buyer for your deals once you put them under contract. While there are many different ways to go about doing this (some of which I have mentioned in this article, as well as this one), my favorite method for finding [...]

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Real Estate Investing

Building Momentum in Your Real Estate Investing Business

by Stephani Davis | April 15, 2010

One of the most difficult aspects of getting your real estate investing or wholesaling business off the ground is overcoming the fear and uncertainty that comes with attempting something new. Many beginners get stuck on the sidelines suffering from analysis paralysis, thinking that if they just buy “one more course”, they will finally feel confident enough [...]

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Real Estate

MLS Bargain Hunting: Tips and Tricks (Part 3)- The Pending Hijack

by Stephani Davis | April 8, 2010

Over the last two weeks, I’ve been giving you some tips and tricks to use when searching the MLS for deals. (In case you missed Parts 1 and 2 of this series, you can read them here and here). In today’s article, I’m going to be talking about a little-known tactic used to snag deals [...]

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Real Estate

MLS Bargain Hunting: Tips and Tricks (Part 2) – Property History

by Stephani Davis | April 1, 2010

The MLS can be a great resource for finding deals, especially given the glut of REOs and short sales currently on the market. Over the last few years I have picked up some tips and tricks to help me get the most bang for my buck out of my MLS experience. In this series, I’ll be [...]

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