Imagine starting your day receiving calls from your marketing department. Here you have sellers 2 sellers calling with houses for sale, but they are asking close to full market value. They are both unmotivated salespeople telling you why that house is worth so much money. Sometimes I just want to say to them, “If your house is worth what you say, why do you keep holding on to it?” Why is it still in the property even after your real estate agent has listed it for 6 months? When you see sellers like this, just leave them alone.
As a wholesaler, simply let them know that you will call them back once you have completed all the house numbers. Or you tell them that I can give you what you are asking for, THERE IS NOWHERE CLOSE TO SO MUCH. (In a respectful way).
After running your comps, (real estate agents come in handy with this job) and figuring out how much the house is really worth, plus subtracting the number of home repairs, etc., if the numbers are close to what the seller is asking for, there’s a great chance that you may have a deal on your hands.
If not, I suggest you continue with some more income-generating activities. Don’t let unmotivated salespeople steal your joy. Sometimes they can make you sad if you let them. LOL.
There are so many other great bargains to sit back and cry over spilled milk. Pull up your pants and look for deals that make a profit.
When we wholesale real estate, we will push and push until we eliminate the abuse and pick the gold nuggets. That’s what wholesalers do.
Another little secret that savvy investors make when looking to work the wholesale method, they gather all the potential customers that weren’t good, pack them up, and sell them to real estate agents in their areas. Pretty cool, huh?
Only motivated sellers! Those who are willing to do what they have to do to get cash in hand and not have to pay more taxes on a house that was passed on to them by the death of a family. Especially these days, motivated salespeople are on the rise.
You will be surprised how many people have houses that they don’t even want. Basically charging pennies on the dollar for these houses. As an investor who knows how to find these homes and get the most out of them, you will never have to worry about generating steady cash flow again.
I would tell any investor to learn the basics; Get your feet wet, just jump in and take the step. You will never know how it feels until you touch it. I am referring to the wholesale of real estate at an organized level. It is my preferred method of investing in real estate. Never in a million years will you find an investment strategy with which you can earn thousands of dollars in property for which you don’t have to deposit lump sums of cash.