Working in a wholesaling office, considering quitting.

I don't do wholesaling, but if I did, I would try to get a nice pre-qual letter to make it look better to a seller. They may look at you differently. Also, why do you need a company to work for? Just walk up in there like you are a real buyer, and flip that contract. In my market this is a highly useful tactic, to actually sell property, as they never last on the market. Like 30 days max. So if you can secure a contract, with maybe a little escrow, great pre-qual letter, and some basic contingencies then you would definitely find a buyer at a much higher price.

Check out what builders are doing, and buy a unit from a builder, that isn't finished yet. Make the sale contingent upon obtaining CO, and acceptable financing, which will buy you plenty of time to find a buyer. Like 6 months or more. Run a google keyword search on your market, see who is looking up your properties in your market. Place an ad on Craigslist in that area, at an inflated price. Like $30k more. See what happens, it won't cost you much, if anything to do all of this.

You've been in RE for a bit? Then you have some relationships and contacts with bankers? I would shop around for a pre-qual letter first. Then run a keyword search like I said. Then find a half built home, enter into the contract with contingencies. Then place ads like I mentioned on Craigslist.

For this to work, find a hot "mid-market" and then target your keyword search on a hot "large-market". For example. Let's my market is a hot "mid-market" with property flying off the shelf, and a lower population. Then your target for ads will be in a hot "large market" where properties have an inflated value and investments are stagnating. So those people still have equity and/or cash to play with, but they can clearly see their markets are over priced. A smart investor will immediately want to leverage their position into a market which they think is peanuts. It will offer them much more bang for their buck, and they won't even care that your are charging a premium for basically holding that contract for them to buy off you.

So basically this is my strategy on how I would a) find a seller, and b) find a buyer.

Let me know if this isn't making sense.

/r/realestateinvesting Thread