6 Factors That Contribute To Successful Wholesaleing

[Kelli Washington]

Wholesaling as you may or may not know is a way of investing in real estate by placing properties under contract typically at below market value with the sole purpose of transferring that contract to a cash buyer at a higher price . Simple for putting the seller and buyer together you get paid a fee . Low risk and potential to make a sizeable return without using credit or very much cash makes this a very attractive way to invest in real estate . Although it isn't as complicated as some other real estate investment ventures it does require some planning and strategizing .

#1 A Customer Relationship Management system (CRM) 

It it's very helpful to your brand to have a good website . This will establish you as a reputable company it will also be able to link you with your leads .

2#  Make it make since 

You must have properties that are at a low enough price for your investors and be able to make a profit at the same time . You must be able to know what works for the investor and also works for you . so make sure you are factoring enough cushion for negotiations .

3# Estimates 

Be able to access the approximate renovation cost for your investors . complete a spreadsheet that will help you calculate cost . Don't low ball cost . An investor that knows cost will recognize that you cannot be trusted with numbers if you come if far too low . 

4# Know the value of the property 

This one is very simple ,establish property value immediately ! 

5# Marketing is your best friend 

Starting out will be slow so build your leads by using options such postcards , Bandit signs and email blast …...Just to name a few 

6# Constantly Expand Your List Of Potential Buyers 

Your investors list is will be your bread and butter so always be on the look out for investors to add to your CRM . Attend networking events and always talk to others about what you do , people know people and may be able to put you in contact with your next potential investor . 

Tip : Be sure to send out good deals so that your investor will continue to look to you for their next great deal .