But many a would-be wholesale investor gets stuck on the prospect of talking to home sellers one-on-one. Wholesaling can be a perfect, and often profitable, entry into the field of real estate investing. For a long time, my real estate investing business followed a pretty simple model that worked extremely well about 80% of the time.. Having said that, here are 45 important questions to ask and get answered before rushing ahead with wholesaling real estate: Legally, there’s really not much of a question as long as you let the seller know that you are an investor who buys properties and sells them for a profit. #3 Ask them why their selling. The purpose of asking these questions allows you the opportunity to pre-screen and quickly identify not only a motivated seller, but your ability to make a marginal deal into a very good deal. Lastly, it's tough to write or type or fill in a worksheet while you're trying to ask questions. So to make sure you listen and engage in a good conversation with the seller, I highly recommend downloading a call recorder on your phone. ... By now, you probably have the answer to this question. Wholesaling for an Investor I Know to a Off Market Seller Question. You won’t find them if you are being passive, merely looking at what others have done and hoping for scraps. Cold call leads, start a direct mail campaigns. An average seller is not going to be your motivated seller. Bottom line is ask a lot of questions, let them reply and then ask more. You don’t want to have to market for a company that’s not your own. ... top to bottom and how it’s better than all the neighbor’s houses you’ll know it’s probably not a motivated seller. If no suitable buyer is found, the contract will expire. No Seller Motivation . This can be frustrating at times. Posted on June 23, 2020 June 23, 2020 by joshua@webuybayareahouses.com. Wholesaling is essentially a job as a real estate salesperson. With both sellers and buyers, you need to follow up, ... and other questions. Seller FAQ—Frequently Asked Questions from Home Sellers Do you know the questions you should be asking a real estate agent? Thanks for the post. Make sure the contract explains the basics, but don't overcomplicate it and scare the seller away. The earliest sign of a bad wholesale deal is a distinct lack of motivation on behalf of the seller. The wholesaler doesn’t plan on fixing up or selling the property. And stop complicating it beyond solving problems for distresses owners.. What You’ll Learn From This Course. Using Facebook to advertise for distressed or motivated sellers doesn’t have to be scary, expensive, or risky. The following frequently asked questions (“FAQs”) are an informal summary of the South Carolina Sales and Use Tax law and its application to retailers who have economic nexus with South Carolina. This is understandable, especially since negotiating is a critical element of wholesaling real estate 101. Still, it is only smart to create a plan and learn as much as you can about how it works before getting started. In essence, money is the motivation. Go out there and advertise yourself. The low barrier to entry to the open market makes for a great place for you to test the effectiveness of this market. 1 Topic . Since people on the other end of this deal have a lot on their minds, too, today we'll tackle the most common questions that real estate agents hear from sellers—along with some answers, of course. In this course you'll discover: How to create a presence online and offline to attract motivated sellers … How about questions that you ask a potential seller? These motivated sellers are willing to let go of a real estate investment property for a lower price. Wholesaling is selling in bulk to resellers. To me, wholesaling represents freedom. My point is once you find the magic bullet don’t be afraid to go all in. 0/41 Steps . 1 Topic . 3 Ways to Get the Phone Ringing and Find Motivated Sellers Now In the previous article (article 2) we discussed whether you need to find buyers or sellers first. Once you have put up your advertising and marketing to attract motivated sellers for your wholesale business, you must know how to take a call and screen potential sellers. You should practice taking in leads at least 2-3 times a day until this becomes natural for you. I would add, don’t be afraid to reinvent inventory with bundles. Yes, you can both sell on one account. You are only allowed one seller account per household without permission from seller-performance. I buy my inventory at 16,000 items at a time–cash. Put out a “For Sale by Owner” advertisements. This […] The best answer to this question is to be proactive. If you follow those methods and any other proven ways of driving in real estate seller leads, your phone will start ringing frequently with potential sellers. In my bird-dogging, I’ve created a list of addresses of vacant homes/homes I think are vacant and I would like to reach them on the phone. 0% Complete. Usually the seller will pay for any staging services, but sometimes an agent will offer in order to get the listing. Wholesaling is a great way to jump-start your career as a real estate agent. Real Estate wholesaling Scripts. Some sellers just want to sell because they want to sell. Wholesaling Investment Properties – Step by Step Many wholesalers focus their efforts in their local market – keeping their deal finding and buyer network close to home. As a foreshadowing of things to come, lack of motivation from the seller will hinder almost any deal — no matter how profitable it may be — and should be eliminated during the early stages of property analysis. 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