Wholesale

1 Reply

could someone explain what wholesale is ? 

@Amanda Keller 

Welcome to BP!!

A wholesale is a deal in which the wholesaler puts themselves between the buyer and the seller.  It is very close, but not exactly like, being a realtor.  I recommend getting a Realtor's license and learn about closing a bunch of different types of deals.

There is a limitless (almost) number of articles and forum posts on wholesaling here on BP.  It has it's own section in the forums actually.

Like what you hear so far? You have a good start. My next step would be business cards with your website address on them. Grab a map and start canvasing neighborhoods. Put your card under doors with a personal touch "I love the grand front porch" or "Great location, I have people who'd like to buy this house!" Mark each place you've hit up. If you don't get any hits from the cards (they will be rare) find out who owns it and send them a note or give them a call.

Your goal is to find places that are going to make other people money. Become the all knowing guru of real estate in your city. And make sure everyone knows that you are the man to find when it is time to turn over some real estate.

Put your website out in every conversation you have. Hand out business cards and ask people if they are thinking of sell any property they have. If they aren't, tell them to look for any future sales they might be interested in. Put a personal note on each card, "looking for multis" or "cash for beat up homes" that is pertinent to the conversation you just had. Everyone knows someone that has something to sell, make sure they come to you with that information.

Your information is your business. Make sure you know the names of every banker, broker, agent and buyer within 5 miles of your house. Then expand that to 10, 25 and 100 miles away. Go out of your way to send them cards, emails and questions.

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