I get asked, “what do you need when you are looking at investment properties to wholesale?” And the answer is simple, a lot of tools! Having a sign is not enough, you will need signs, drills, flashlights and more. Check out the video we made when going out to properties in Chicago on what tools we take with us regularly.
We have had some rough experiences with many wholesalers in the last few months. Too many are missing the mark when it comes to pricing and actual KNOWLEDGE of our city. We receive emails everyday, or almost, about new deals throughout the city. Many of the properties we see are NOT wholesale deals!! The frustration from both our team and our cash buyers have led us to make this quick blog about what wholesalers need to know regarding this business, in this market.
Build your rental portfolio with this beauty! This is Single family home has 34 bedrooms 2 baths and sits in a quiet block in the South Suburb of Markham, IL. This house needs a full rehab job, for a rental the estimated costs are around 20-22K. Get this CHEAP! Cash Buyers only please!
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. You will want to make an interview sheet with a check list and space for the answers.
If you are new or just getting started in the wholesale real estate business, you probably want to get down to nitty gritty.I respect that so lets get started.
If you don’t already know, Craigslist is one of the most visited websites online today. It gets billions of hits and it is one of the top searched sites for every major city in the US. Not only is this site free, it’s great to boost web traffic and get in front of a targeted audience. As a wholesaler, craigslist should be on top of your must do list everyday. Although it may seem as easy as placing an ad on the site and calling it a day, its not as easy. As any marketing campaign you implement, there should be a schedule and an order of doing things. Here are my tips that will help you when posting craigslist ads for your real estate wholesale deals.
