Virtual Wholesaling -is it possible to do? help

[Greg P.]

Hello, I've been having some vision problems and it's hard for me to drive to meet with sellers and doing marketing in general. If there was a way I could wholesale deals from my home office with just a phone, computer that would be awesome. I've heard of virtual investing courses, but not sure if I want to invest any more money into my education. Does anyone here do this on a regular basis? Any advice would be great, thanks.

[Michael Culler]

Sure thing Greg. It cant be too hard, if you think about it. You can pay for some education on the topic if you want. I personally like Chris Chico more so than Tim Mai in terms of virtual wholesaling gurus.

That being said, the basic idea is you have a buyers list to email to when you have deals for sale.

You then have to market to motivated sellers (direct mail or telephone)

Have an "inspector" come to the property to evaluate repair costs, and the surrounding area.

Make your offer via fax or email, and have them either fax it back or overnight you the signed contract.

Blast an email to your buyers list, have your original "inspector" or "partner" show the prospective buyers the property, tie up with the buyer and close.

Your biggest hurdle is finding who you are going to use as your inspector. It could be a friend or family member, but definitely someone you can trust not to Jerry Mcguire your deal out from under you. :-)

It's way simpler than most people think. You can also use this same strategy to wholesale other peoples deals to your buyers list. Please let the person you are dealing with know that you are not the end buyer though. Otherwise they will group you into the shady category and not want to do business with you in the future.