myEmpirePROIn this post, you learn how to make consistent money real estate wholesale.
Traditionally, real estate wholesale is the art and science of finding deeply discounted properties for cash buyers.
But on face value in today’s market, that’s a very expensive business model compared to what you see in the image below.
So when I started back in 2005, all I had to do was drop 100 pieces of letter in direct mail to pre-foreclosure
And boom…
I was closing wholesale real estate deals back to back.
But due to the combination of more marketing channel option (thanks to digital marketing for real estate investors)
And more than 500 people joining the real estate wholesale game daily in any market (thanks to the gurus)
Therefore Direct mail is now considered overpriced.
Also the gurus are, of course, coming up with more gimmicky marketing strategies like:
- Driving for dollars and even…
- Virtual driving for dollars
…and even old-school outreach and marketing strategies like door knocking and cold-calling.
I am not saying that people don’t get lucky with these strategies but if you value:
- Your time,
- Business scaling and
- Leverage…
Then it will become clear to you that these are probably even more expensive than direct mailing.
So if you don’t believe me bookmark this page, try those strategies consistently for 30 days and keep doing it if it works.
And if not, come back here to learn how to market and scale the smart real estate wholesaling way.
So, What is Smart Real Estate Wholesaling?
With this method, you will get to skip 80% of the traditional hustle of finding motivated sellers since others are already doing it….
So what you do is focus on building and monetizing a list of potential buyers and investors
…who want to invest in buying and hold rental properties.
Have you heard of the 1% rule?
They usually can afford to buy the property at any price as long as the rent in the area is at least 1% of the price.
But in traditional real estate wholesaling, you were supposed to depend on ready made cash buyers to buy the deals you find.
And it doesn’t work for the most part.
Those buyers are supposed to buy anything discounted at 65% or below adjusted with repair cost estimate.
See www.DealEstimator.com on how that works.
It’s a free tool and calculator.
The truth is that cash buyers can usually be full of it and they are the first to stop buying in a crisis.
So the last thing you want to be is a cash buyer employee
…which means you are at the mercy of their interpretation of the market.
So… Here are the 3 tips for wholesale real estate, the smart way…
- TIP #1
Build your own buyer’s list - 2ND TIP
Then get paid for sharing real estate investing education with your list, - TIP #3 – And collect money again if and when they decide to buy a deal.
Below is a question for us to address with this lesson…
“Is this a good deal for a buy and hold investor?
ARV $150k (How to calculate ARVs with FREE Comps)
Repairs $15K
Asking $120K
Wholesale fee included
Rent in the area is $1,350-$1,400”
Enjoy the video.
