FSBO Wholesaling

[Scott Theaman]

Hello BP community!

I am a wholesaler and I'm thinking about wholesaling FSBOs. Has anyone ever done this? Would a homeowner mind if I put in a purchase agreement to buy within 30 days and then obviously network with investors to flip the FSBO for a profit? Is this something you have experience with? Do you think a homeowner would be angry?

Thanks for any and all feedback!

[Karl Krentzel]

Originally posted by @Scott Theaman:

Hello BP community!

I am a wholesaler and I'm thinking about wholesaling FSBOs. Has anyone ever done this? Would a homeowner mind if I put in a purchase agreement to buy within 30 days and then obviously network with investors to flip the FSBO for a profit? Is this something you have experience with? Do you think a homeowner would be angry?

Thanks for any and all feedback!

 Great question!

Yes of course you can!  They are just like any other Seller.  Some are more motivated than others, and some are more experienced than others.  

Be careful to paint with broad brushes entire swaths of demographics as "want too much" or "Generally want to make the most possible". 

The cold hard reality is that for some (not all) people, they are thrust into a situation where they need to sell their home FSBO and do not know what else to do other than put a sign in the yard and run a Craigslist ad.

I've spent 18 years as a Licensed Realtor® and Investor who "wholesales" them, and teaches other agents how to do it.   Trust me when I tell you that not all leads are created equally.  If you spend the time to learn how to talk to them, and approach them in the right way, this can be a "win win" for both of you!

Have A Powerful Sales Day!