myEmpirePROAttracting wholesale home owners can be a major key source of real estate investing leads and
Subsequently, deals.
Here is why you don’t need realtors for comps…
There are other methods such as chasing after realtors, MLS listings, real estate attorneys and other professionals.
But the idea with wholesale real estate is to control an inventory of real estate with no money out of pocket. (FREE CONTRACTS)
So in this lesson, I will cover 3 UNDENIABLE ways to fail in wholesale home investing; obviously, you would want to avoid them.
(1) Disregarding Inbound Marketing with make Wholesale Home Investing Difficult
When a call comes in from a potential seller requesting for more information on selling their property, it’s easier.
It’s okay to make outbound outreach and marketing methods if that’s your thing…
But you have to sell them within a few seconds on the fact that they need you and here is how to fail with respect to this.
Put yourself in a begging and pleading position and watch the interaction get worse and worse.
(2) Focus on Personal Problems
In all your interaction, your primary job is to identify problems that you can solve and it’s that easy.
Maybe not;
But here is how to fail with wholesale home investing; focus on solving your personal financial problems.
(3) Lack of Pipeline
Wholesale home investing involves many layers of negotiations; both consciously and subconsciously.
So it is very important to position yourself in the best place to win most or all of the negotiations.
The best position for negotiation is to be willing to walk away and mean it.
If all you have at an moment in time is ONE LEAD, you will naturally lose most of your negotiations.
Hence, it’s one of the ways to fail in wholesale home investing.
Therefore you are better off with building and monetizing a pipeline of lead coming in daily; it represents options for you.
Below are 2 questions that inspired this lesson on Wholesale Home Investing…
“When all methods have been exhausted ( skiptrace etc..) trying to find the owner of a property, what do you do?”
QUESTION #2
“I am trying to close a deal on a home and the seller has a realtor.
They want proof of funds to make the offer because they’ve had people make offers and not be serious.
How do I handle this?
They are requesting I fill out a buyers agreement and sales contract.
I have a buyer ready to buy the place but how do I go about doing proof of funds with the buyer without being cut out of the deal?”
Another article on Real Estate Wholesalers Near Me…
