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Updated about 6 years ago on . Most recent reply

Account Closed
  • Investor
  • Detroit, MI
2
Votes |
2
Posts

Real Estate Wholesaling Help

Account Closed
  • Investor
  • Detroit, MI
Posted

Hello everyone, I’m looking to get into real estate wholesaling and I already have general knowledge on the topic. What is the most effective way to find homes to wholesale for free or very low cost?

I’ve heard about buying the absentee lists on list source but it’s literally $300+ for a good list in the area I want to wholesale in. I’ve also heard of driving for dollars which seems to be the best option so far but is it anything else out there ?

Thank you in advance .

Most Popular Reply

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186
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David Wright
  • Lender
  • USA
96
Votes |
186
Posts
David Wright
  • Lender
  • USA
Replied

@Account Closed - I've spent thousands on Wholesale courses and it always comes down to marketing.  There are several ways to find homes for free and you already mentioned a few.  Here are a few more ways:

1 Posting Ads on Craigslist (not free now in some markets)

2. SEO (but this takes times)

3. Getting Bird Dogs to find you properties

4. Bandit Signs

These four are all free and there are many more that are for pay, but to be honest nothing is perfect.

Now the most effective way to find homes, is to focus on Motivated Sellers.  Think people, not properties.  Knowing who a Motivated Seller is will cause you to find more free ways to get great deals  Look for the following in people:

Divorce

Job Relocation

Tax liens on property

Health status have to sell home

Having trouble making mortgage payments

There are Home Owners who Want To Sell, Need To Sell, & Have To Sell.  Look for home owners who Have To Sell.

I hope this helps you.

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