What would be your Top ten steps to wholesaling

Question

Michael B. · Answer

Top 10 steps is difficult to answer. In my opinion the most important step is to learn how to talk to people the right way about deals. You need to learn how to convert your leads otherwise you will send thousands of mailers and not have the desired success (been there).

Another important step is to have buyers in place that actually buy. Most people talk and promise a whole lot but when it gets real, they pull out. Learn how to filter out actual closers and only work with them. One good way to do that is to ask them for proof of funds before you add them to your buyers list and to ask them for addresses of previous deals.

The remaining steps in wholesaling are just technical - do this then that. The art of wholesaling is to get the properties under contract at a price that is attractive to investors.

Kerry Noble Jr · Answer

good answer Doug lol

Doug P. · Answer

@Charles Blain There's 2. Get killer deals under contract. And tell people you have them.

Sean OToole · Answer

@John N Gietzen the primary things you want to look at with list providers is 1) the variety of criteria available (equity, value, vacancy, owner occ, etc), 2) the timeliness and accuracy in YOUR AREA (this is why there is no point in asking anyone which is best unless they are also in your area), 3) what data is included in your list - just a name and address, or complete details on property, phone numbers, transaction history, equity, etc. 4) user interface - you are more likely to use a tool YOU like, and 5) price. Hope that helps.

John N Gietzen · Answer

Michael, a related question? What site do you think is the best source for a list for direct mail marketing? I have looked at ListSource, REonomy, etc. Just not sure which source is better. Is there a standard letter that you have sent out to leads that has been successful? Thanks Michael. John Gietzen

What would be your Top ten steps to wholesaling

Most Popular Reply