Updated almost 7 years ago on . Most recent reply
I’m really interested in wholesaling
I’m new to wholesaling, haven’t made my first deal yet. I’ve been soaking up knowledge on BP, google, and watching YouTube videos.
I’m curious about when it’s time to making a deal and making out a contract, do you necessarily need the money that you are offering the seller?
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#2 Marketing Your Property Contributor
- Flipper/Rehabber
- Wilton, CT
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#2 Marketing Your Property Contributor
- Flipper/Rehabber
- Wilton, CT
"When you get a property under contract, you are committing to buy the property."
Not true at all. We are mainly flippers, but because we get too many leads in, obviously we can not buy all the houses we get under contract. So in fact we do it the other way around. We tell them flat out that we have no intention of buying the house ourselves, and that we are going to wholesale it. We then add to this by telling them that we still may buy the house if we are able to, but count on us wholesaling it. 9 out of 10 times, the seller prefers us wholesaling it.
No drama 100% honest and full transparency.
Most wholesalers (if not all) are dishonest deceptive and manipulative. We always flat out tell the seller we will wholesale the house. And again they always rather us wholesale it than anything else. Its all about how you pitch it to them!