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Updated over 7 years ago on . Most recent reply

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Anthony Rivas
  • Real Estate Agent
  • Washingtonville, NY
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What list is the most lucrative to start with for Wholesaling?

Anthony Rivas
  • Real Estate Agent
  • Washingtonville, NY
Posted

Probates, Absentee owners, REO's, etc. Which list is the best list to start out with when beginning your wholesale journey?

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Karen Rittenhouse
  • Flipper/Rehabber
  • Greensboro, NC
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Karen Rittenhouse
  • Flipper/Rehabber
  • Greensboro, NC
Replied

@Anthony Rivas

I believe you're asking the wrong question. I've found that, once a property hits any list, it's already picked over and there's competition because others also have the list.

The best wholesale deals are properties you can buy very cheap in order to resell low enough that an investor can buy it from you and still make their own profit. To do that, you need to talk with sellers before anyone else, before the property hits a list. To do this, you need to be working neighborhoods, mailing letters to abandoned and distressed properties, networking so that everyone knows what you do - outside of investor groups but where the public can find you. Put magnets on your car, post ads on Craiglist - let the world know what you do and what you're looking for.

It takes time, research and marketing. If there was an easy bullet like buying a list, everyone would be doing it and doing it successfully. 

Good luck to you!

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