Wholesalin !! by Mik Cohen

Wholesaling is really working out for our business AND the Buyers who are getting to know us.

Initially, even though EVERYBODY makes wholesaling sound easy.....it can be a tough go -

You'll need specific skills to make wholesaling a viable business:

* Market knowledge - know the market(s), well, in the areas you want to wholesale. 
There's nothing worse than negotiating a "GREAT DEAL", only to find nobody else sees your deal as great

* Access to County Resources/Public Records - Nowadays, most everything is online and available, 24/7. Locate your state/county online resources and bookmark them, because you'll need em ! 

* Access to the MLS/Real Estate Agent(s) - You'll need to see what is/was on the market w/in 1 mile of your target property, how long have they been on the market for, how many price reductions they've had, what SOLD w/in the last 60 days, what the sale price was, what was the original list price and how many TRUE COMPS there are, out of the SOLDS....and Actives.
Also, using a state approved real estate contract, which you'll get from a cooperating agent, legitimizes your offer(s) 

* Escrow/LPOs, Title Companies and/or Attorneys - When your offer is accepted, you'll want to open a title search (To identify liens, assessments and/or judgements) and provide earnest $$ (If the seller requires you to put up some earnest funds) plus, your deal will be ready to close when you find your buyer to assign the offer/contract to


* Negotiation - Where the rubber meets the road. It's easy to write your offer, but you need to SELL your offer to the Seller

* A Personality - You'll be making some bold offers, some of which will, absolutely, piss off would-be sellers. You'll want to be able to walk away without burning any bridges, so to speak. Many times, your ability to diffuse an upset seller pays off months, or weeks later, when that seller calls you back to do the deal

* REIA Group - (Real Estate Investing Association) A great resource, especially if you're just starting out. Lots of like-minded investors are there and the resources you'll gain make the average of $150. a year, for membership, well worth the investment

* Bandit Signs - You'll want to put up a few signs in the immediate area in which your wholesale flip resides, with a catch phrase like "Handyman Fixer" and your phone #

* Online Advertising - Like craigslist, ebay classifieds, backpage and LOTS of other FREE advertising sites

* Local Publications - Most small towns and cities have local newspapers and the classified ads can be a great advertising resource to liquidate your flips

There's more to the list of elements you'll "need to succeed" in real estate wholesaling, but the above are the more critical elements - 

You'll figure out the rest !

Contact us, here at New To You RE, LLC - if we can help you out further.
Check out our coaching at We Buy Houses Coach


~Peace
Mik