Technicalities of Wholesaling

[Merari Alfaro]

Hey guys! Hope you are staying safe and stocking up on toilet paper 😜

I've been having a hard time when it comes to the technicalities of wholesaling. I'm using PropStream and I don't know how to look at a property and determine if it's a lead.

Am I looking for high equity?

What about when the estimated value of the home is the same as the equity, or lower than the equity? Is that a wholesale?

For my experienced wholesalers, when you have property details in front of you, what is your process??

[Jerryll Noorden]

TP is for beavis and butthead. 

Real men use oak bark!

You need to look for motivation.

That is where all these automated done for you fail miserably.

Equity is important of course, but even without equity you can do some clever strategies where you can still make a deal. 

However without motivation there is nothing to do!

As far as the estimated value of the home being the same as the equity... this means there is zero equity...

You could still add value, by turning a 3B1b house into a 4B2b house, if the comps support it of course.

The more creative you are the more money you can potentially make.

I sincerely believe that the source of the questions comes from improper lead gen. When you market right, you filter most of the time wasters out and only let motivated sellers through. With motivation comes discounted deals, and from discounted deals comes more profit for you.

Hope that helps, and pass me the bark. Make sure there are no fire ants on it.