Wholesaling Real Estate. Does it still work?
Hello fellow investors. I had to write a post about this topic that most people can seem to get there hands around. Does wholesaling real estate still work? Most people can’t seem to grasp the fact that you can actually get something for nothing. For the experienced investor that already has a strong buyers list, wholesaling can be like shooting fish in a bucket. For the new investor wholesaling real estate can be like fishing in the Dead Sea. Lol
Just like with any business, it does not have to be this way. If you want to become good at something, you must first get your behind our there and work it. And when I say work it, I mean have a plan and an outline. When was the last time you saw a homebuilder build a house without a blue print? NEVER.
Simply put, wholesaling real estate can work out fine for the new as well as the experienced investor, but you must have some type of plan or structure. Don’t waist time and money trying to re invent the wheel. The same strategies have worked for years. But it is important that you stay up on things and don’t fall behind the power curb when we have all of this new online technology out here that can absolutely boost our sales and conversions as wholesalers.
I would like to introduce my new video training: Wholesaling Real Estate 101.
I am sure that it will set you on the right path to running and operating a successful wholesaling real estate business if you would follow the steps. Check it out.
www.wholesalingrealestate101.com
Just like with any business, it does not have to be this way. If you want to become good at something, you must first get your behind our there and work it. And when I say work it, I mean have a plan and an outline. When was the last time you saw a homebuilder build a house without a blue print? NEVER.
Simply put, wholesaling real estate can work out fine for the new as well as the experienced investor, but you must have some type of plan or structure. Don’t waist time and money trying to re invent the wheel. The same strategies have worked for years. But it is important that you stay up on things and don’t fall behind the power curb when we have all of this new online technology out here that can absolutely boost our sales and conversions as wholesalers.
I would like to introduce my new video training: Wholesaling Real Estate 101.
I am sure that it will set you on the right path to running and operating a successful wholesaling real estate business if you would follow the steps. Check it out.
www.wholesalingrealestate101.com
Comments (5)
Hi Delonden, et al., I know this is an old post. But if we follow YOUR and others training, know the ARV, multiply it by 65%, estimate repairs at say $20,000 and come up with our maximum allowable offer, and then account for our extra costs (closing, holding, etc) for about 15% how are we making bad offers. I truly want to know because I am new and this is what everyone is teaching.
Derek Smith, over 12 years ago
Good stuff, appreciate your work Delondon. Blessings
James Blakeley, about 14 years ago
Hi Delondon, my name is Kinsley and I'm actually new to this site. I am a newbie investor planning on furthering my knowledge in the wholesaling biz. I pretty much have the basic understanding of how everything plays out. If anything i'm in saerch of a mentor to teach me the way of the wise. I also have a business plan laid out and as Robert said there are new comers out there that are making a mess of things for other invstors. I'm not trying to fall in that roll, there for if possible wut should I do first to get the services of a master investor. Keep in mind that things are tight in budjet for many of to pay thousands of dollars to aquire that great education...... Please advise
Kinsley Clecidor, about 14 years ago
You know what, I understand your frustration Robert, but this is the thing that make this business so amazing, it does not matter what newbie investors do, rather they are boosting the amount they are willing to pay etc… if that price is to high, they will sit on that property until their option is expired and they guess who that seller will be calling? That’s right you! And guess what they will be getting for the property? You guessed it…. What ever you think is proper enough for you to make a profit. So let them get out there and make a mess. God knows that I was offering way to much money for houses when I was a newbie. You keep doing what you are suppose to do. Continue super slam your local market with marketing. I’ve learned, they will eventually call you anyway. Be Blessed, Delondon
Delondon Dear, about 14 years ago
All wholesaling seems to do here in Dallas is screw up real investors. These whannabe wholesalers come in and overbid on properties because they cannot estimate repairs and then either their offer falls through (after I've moved on to another deal) or they sell/assign the contract to an investor noobie who is also inexperienced enough to overbid for it.
Robert Steele, about 14 years ago