In this podcast we're talking about how to virtually wholesale houses. I get this question all the time, so I decided to make an updated podcast on the topic. Subscribe to the YouTube channel here: https://www.youtube.com/user/09fooman.
I really hope this one helps you out! If it did, HIT THAT LIKE BUTTON UP ABOVE AND SHOW SOME LOVE!
Here's what we talked about in the podcast:
What youโll need to get started virtually wholesaling:
House hunters - CL labor gigs/video/docs
Cold Callers - Indeed
Field Guy - CL labor gigs
Money Phone - Vumber, call rail
CRM - Asana, todoist, podio
Establish relationships with:
Cash buyers
Realtors
Title company
Attorney
Contractor
Ways to find cash buyers:
Propstream http://trial.propstreampro.com/thewholesalecoach/
Motivated seller leads https://www.motivatedsellerleads.org/
Website OnCarrot Investor Websites: http://bit.ly/getoncarrot
Social media
Craigslist
REIA Meetings
What to do next:
Get your leads skip traced
Hire your cold callers
Hire your house hunters
Know your buyerโs criteria
Prepare all your marketing material
Have systems in place to convert a lead into a customer
Ways to find motivated sellers:
Text messaging
Cold calling
House hunters
RVM
Have field guy put out some offline marketing (bandit signs, flyers, brochures, biz cards)
JV Deals
How To Negotiate the deal and get to the table
Get pictures of the property
Use the pictures to estimate the repairs
Negotiate the price to wholesale prices
Start soft shopping the property
Get the deal for less than what the buyer wants to pay
Get earnest money
Get assignment contract signed
Send dos to title company
Coordinate deal till closed
Congratulations!
I hope this video helps you get your first virtual wholesale deal. Hit that like button and subscribe to the channel if you're brand new here.
Get on a FREE coaching consultation call with me personally: https://www.edwardhayes.org/Coaching
Video links:
1. Original virtual wholesaling houses video: https://www.youtube.com/watch?v=nAPSh0KNh_0
2. House hunting video: https://www.youtube.com/watch?v=Qm0yqQFfArA
3. Cold calling motivated sellers: https://www.youtube.com/watch?v=_etkx7q8uvA
4. Call Rail: https://www.callrail.com/
5. Vumber: https://www.vumber.com/
6. How to work with realtors: https://www.youtube.com/watch?v=V-mieu2BC04
7. 39 Ways to market your wholesaling business: https://www.youtube.com/watch?v=bqYEeOM6mOw
8. Text service: https://reileadblast.com/
9. Ringless voicemail video USER Beware: https://www.youtube.com/watch?v=m0WBEJuFDNo
10. What to ask JV partners: https://www.youtube.com/watch?v=XaKMjORHOpU
11. How to calculate comps: https://www.youtube.com/watch?v=fm7bQ6fg7og
12. How to calculate arv: https://www.youtube.com/watch?v=yckOrMrMzsY
Smack that like button if you got value from this!
#VirtualWholesaling #WholesaleRealEstate
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