Whole Seller’s you have to bring a good deal to add value.

[Joe S.]

To the most part for the last number of years I have sourced all my own deal flow. 2022 I bought four Properties from a Whole Seller and have the fifth under contract. I have sourced my other Deals this year.

Surprisingly I was able to buy some properties through a wholesaler that actually fit what I was looking for. The same Whole Seller also brings me a multitude of other properties that they are trying to sell above retail. I called their hand on it and they want to give me a 10 minute explanation why the property should be worth more. The challenge is none of my lenders are going to accept their 10 minute explanation.

I have other Whole Seller‘s that are calling me and trying to wholesale me a contract and I run quick numbers and they are asking for full retail. With the market dropping right now the folks that are trying to contract properties at full retail and then sell them to someone else is wasting their time, the sellers time, and the end buyers time.

[Wale Lawal]

@Joe S.

Real estate wholesaling isn't for everyone. It requires a lot of work, time, commitment, and patience. You also need to have great communication and marketing skills.

You must build a network of investors who may be interested in buying the properties that you find.

Of course, finding the right kind of property is one of the keys to successful wholesaling. Homeowners who own distressed properties and are eager to sell make great prospects.

These are the kinds of properties that can attract potential investors. Before you make the seller an offer, you'll want to review the types of repairs or additions the home will need.

Here are some personal attributes that can help someone become a successful real estate wholesaler:

• A personality that focuses on goals and commits to achieving them
• An ability to organize and tackle tasks efficiently
• An ability to delegate tasks when useful
• A recognition that partnering with those with access to possible leads, e.g., the Multiple Listing Service, can be necessary
• An affinity for technology (such as customer relationship management software and mobile apps) that can make the entire wholesale real estate workflow easier and more effective
• An understanding of the power and value of a well-constructed website to market your services and dispense important information to potential sellers and investors
• A desire to learn more with each wholesaling experience and to make sure both seller and buyer are happy with the wholesale real estate transaction

Good luck!

[Jay Hinrichs]

In my little corner of the world.  my clients are pushing back the day of take it or leave it someone else will buy it on my next call is starting to fade away.

I let them use me as the bad cop.." my lender wont let me pay that amount" we need to re-trade or you need to re-trade with your seller..  this is happening a lot and will keep happening until things settle down.. the days of wholesalers cramming buyers is going to slow way down.. the amount of beginners that they really hammer on will start to thin. leaving the more experienced buyer that can negotiate harder.

thats my recommendation to all my clients the worm has turned hold your ground negotiate harder.