How do wholesalers work around pre-approval letters or POF?

[Eddie Aiello]

When a wholesaler is looking for deals on the MLS how do they work around needing a pre-approval letter or proof of funds when they put in an offer to get a home under contract?

As a real estate agent it’s usually the first thing the listing agent wants.

[Jerryll Noorden]

I have never been asked for a POF.

You know why? I do not go on the MLS to wholesale deals.

See the reason why people complain about how hard wholesaling is is because they do it wrong.

Often (not gunning at you) they are lazy. They want short cuts, they do not want to do the work. That is why wholesalers go to MLS.

"All the leads are there conveniently in one place". you know what the problem with that is?

EVERYONE knows there are the leads, so you have a lot of competition, and  most of these leads what OVER market price. No no not AT market price, most want OVER market price. Do you know HOW hard and unlikely it is you will make a deal there?

As a wholesaler you need to bring VALUEEEEEE to cash buyers.

Napping a lead from MLS is not bringing any value?! A buyer can do that him/herself!

If you want to be paid a fee for FINDING a lead, you need to FIND said lead.

Off market, highly discounted property leads.

People do wholesaling wrong, and you are about to do it wrong.

So ask yourself...

do you want to make money or do you want to keep trying.

OK then. Get a website, rank it #1, and  get this:

Now you can wholesale like 4 to 10 leads a week. Like clockwork!  Do it right. Stop listening or following advice from people here that have NEVER wholesaled a deal in their live. Stop listening to people that struggle themselves doing wholesaling successfully. That is the WORST thing you can do!