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Updated almost 14 years ago,
what am i doing wrong ?
Hello everyone haven't posted in a few days. Here's the situation :)
I'm trying different approaches to wholesaling, when I communicate with the home owner. Here is a quick recap.
1. Didnt tell.the home owner anything about me assigning the contract. His questions were why do you need access to the home? Why do you need to bring other investors and partners to come look at the home? Those where his main concerns. With me giving good reasoning I lost the deal.
2. found another house. Told home owner exactly what I was doing. Seemed ok with it until I gave him my paperwork. He immediately said he wasn't interested. Ask me why don't I pay for the house then resale it. Basically lost this deal.
I found another home that is for sale by owner for 199,999(asking price ) . I can get the price down because of the home owners situation.
I want to make sure I don't miss out on anymore deals because of my approach.
When you explain to the home owners what you are doing, what explanation do you give the home owners step by step. I would love to read some seasoned wholesalers approcah . I'm reading every where the seller has to be motivated and in both scenarios they were motivated because they dropped the asking price significantly.
In both situations I built rapoure with both home owners.
If anyone can let me know there explanation process I'd greatly appreciate it.
Thank you
Exscue typos I'm.typing on my evo.