Questions on Virtual Wholesaling

[Jade Vaughn]

Hi everyone,

My team and I have been wholesaling in our local area for about 2 years or so. We have made the decision to branch out and try virtual wholesaling. Mostly because our market just isn't all that big, and there's a fair amount of competition. Does anyone have any tips for virtual wholesaling? How to find the properties, how to run numbers without seeing the property, how to find the cash buyers?

Thanks!

[Joe Gonzalez]

Steps to virtually wholesale:

Choose a Market - Remember that choosing the right market includes some simple research such as:

Population (1Million+ in population)

Average Home Value: My sweet spot is $150,000-300,000

(Google the best cities to fix and flip / rent so you can have a good idea of where cash buyers are currently buying.)

Once you select the right market you want to pull data! I like to use the county data since it’s straight from the source.

You can pull the following:

Code Violation | Tax Defaults | Foreclosures | Probates

Go online & Google the county clerk for the city you have chosen -

Example:

Miami County Clerk

Call them and request for them to email you the information!

Once you have the data you need to SKIP TRACE! You will now be able to call/text/mail the homeowner with your marketing message.

When you reach out to the homeowner always focus on SOLVING A PROBLEM. People have hardships across the country so don’t forget that our job is to offer convenience.

After building rapport - Make an offer OVER THE PHONE and get the deal under contract ( search real estate purchase & sale agreements for what contract to use )

Join all Facebook investor groups, myhousedeals, BiggerPockets etc. to tap into platforms where investors are actively searching for deals.

BONUS TIP * - Ask the investors you meet on these websites who the 'investor friendly' title companies are.