5 Tricks To Maximize Your Wholesale Business

5 Tricks To Maximize Your Wholesale Business


If you are looking for ways to supplement your real estate business, wholesale deals may be the answer. Even if your primary focus is on rehabs and flips, a few wholesale deals a year will create extra revenue. Anyone that has wholesaled a deal in the past knows that there some steps you need to take to realize success. Try as you might, wholesale deals will not just fall into your lap. Even if you secure a deal, you need to be able to quickly turn it over. With the right business plan, you can take wholesale deals from being a part time hobby to a full time business. Here are five important tricks to maximize your wholesale business.

1. Think about the seller: The goal of wholesaling is to get the property at the lowest possible price. At that point, you can either sell or assign the contract to a fellow investor. Getting the seller to agree to your price, however, can be a challenge in and of itself. Even if your seller is late on their mortgage or facing foreclosure, they have other options. With every seller presentation you make, you need to put yourself in the seller’s shoes. If you are too pushy or don’t properly explain the process, you will not get the deal. Even if you are the first one to meet with them or their situation seems dire, they do not have to sell to you. The approach you take and the presentation you make matters much more than you may think. In considering what the seller is going through, you will end up with more deals over the course of the year.

2. Be transparent: Honesty is important when trying to acquire wholesale properties. While honesty is the best policy for everything you do as an investor, it takes center stage on every wholesale deal. You can try to dance around your objectives, but eventually the seller will find out and may hold it against you. There is no reason to run from the fact that you are a real estate investor trying to acquire a property. You need to explain your position, the risks associated and what your intentions are. There will most likely be plenty of questions thrown your way during the first couple of meetings. Don’t avoid or talk around the questions they have for you. Sellers want to work with people that they feel comfortable with, regardless of price. If they do not like what they hear and decide to work with someone else, it is better that they do it now; before you invest money and several months of your time.

3. Have an exit strategy: Getting a property at the price you want is only half the battle. Even if you get the best possible deal, you still need to do something with it. Dedicate at least one day a week to building your buyers list. The more buyers you have, the greater chance that you will be able to turn the property over. Not only will you have more options, but you need to get the property under the magic 70 percent number.

There are different investing tastes for all the different investors that you work with. What your current core of investors may not like, someone else may find very attractive. Every networking and investment club meeting is an opportunity to build your list. Follow up with the people you meet and get an idea of what their ideal property type is. If you can deliver a property that matches what they are looking for, your wholesaling business will be rewarded accordingly.

4. Keep everyone involved: One of the jobs of a wholesaler is to keep everyone involved in what is going on during every deal. Even if you have a signed deal, you need to see things through to the closing. This means staying in contact with the seller while keeping the end buyer updated of the progress that has been made. You need to push the deal towards closing. You should accept the fact that this is an anxious time for the seller, and that they will probably have plenty of questions along the way. Instead of being frustrated or annoyed with them, embrace the situation and handle it professionally. The few minutes you are on the phone with them are often all it takes to make them informed and happy. The same is the case with any buyer. Always make it a point to call them with updates before they have to call you. The more updated you keep everyone, the better the odds of closing a deal are.

5. Post-closing follow up: Every deal you close should be treated as an opportunity to grow your business. After the transaction is completed and everyone is happy, take the time to reach out and set up a meeting or just strengthen the relationship. Too many times wholesalers will close the deal and move on to the next one without talking to everyone involved in the current deal. Assuming you did your job and everyone is happy, they should want to work with you again in the future. If you fail to reach out, you may be leaving deals on the table. All it takes is a quick email or text to keep your name fresh on everyone’s brain. This is an important step for growing your wholesaling business.

There is a fine line between wholesaling success and failure. If you do the little things and follow these five steps, you will find yourself with more deals than you imagined.

See more at: http://www.fortunebuilders.com/5-tricks-to-maximize-your-wholesale-business/

Comments

  1. Sweet blog! I found it while searching on Yahoo News.
    Do you have any suggestions on how to get listed in Yahoo News?

    I’ve been trying for a while but I never seem to get there!
    Thanks

  2. When I originally left a comment I appear to have
    clicked on the -Notify me when new comments are added- checkbox
    and now every time a comment is added I receive four emails with the same comment.
    Perhaps there is a way you can remove me
    from that service? Appreciate it!

  3. Rosaline says:

    This piece of writing is genuinely a good one it helps new web visitors, who are wishing for
    blogging.

  4. Reyes says:

    I know this if off topic but I’m looking into starting my own blog and was curious what all is needed to get set up?
    I’m assuming having a blog like yours would cost a pretty penny?
    I’m not very web savvy so I’m not 100% certain. Any recommendations
    or advice would be greatly appreciated. Cheers

  5. Hiya! I know this is kinda off topic however I’d figured I’d ask.
    Would you be interested in trading links or maybe guest writing a blog post or vice-versa?
    My blog goes over a lot of the same subjects as
    yours and I think we could greatly benefit from each other.
    If you happen to be interested feel free to send me an email.
    I look forward to hearing from you! Superb blog by the
    way!

  6. apple iphone says:

    Hey there, I think your website might be having browser compatibility issues.
    When I look at your blog in Chrome, it looks fine but when opening in Internet
    Explorer, it has some overlapping. I just wanted
    to give you a quick heads up! Other then that, very good blog!

  7. cwl520.com says:

    I’m truly enjoying the design and layout of your site.

    It’s a very easy on the eyes which makes it much more
    enjoyable for me to come here and visit more often. Did you
    hire out a designer to create your theme? Great work!

  8. I am really inspired along with your writing talents and also with the layout to your blog.

    Is this a paid subject or did you modify it your self?
    Anyway keep up the excellent quality writing, it’s
    rare to peer a nice weblog like this one nowadays..

  9. I am curious to find out what blog platform you’re working with?
    I’m having some minor security problems with my latest
    blog and I’d like to find something more safeguarded. Do you have any suggestions?

  10. Do you mind if I quote a few of your posts as long as
    I provide credit and sources back to your blog? My website is
    in the exact same niche as yours and my users would definitely benefit from a lot of the information you provide here.
    Please let me know if this okay with you. Many thanks!

  11. Carina says:

    Some small island states and African nations – most vulnerable to local weather change
    – insist they won’t agree a weak deal.

  12. Archer says:

    Hi there, i read your blog occasionally and i own a
    similar one and i was just curious if you get a lot
    of spam feedback? If so how do you protect against it, any plugin or anything you
    can recommend? I get so much lately it’s driving me mad so any help is very much
    appreciated.

  13. Thanks for finally writing about >5 Tricks To Maximize
    Your Wholesale Business | PurdyHomes LLC <Liked it!

  14. Hello there! Would you mind if I share your blog with my zynga group?
    There’s a lot of folks that I think would really appreciate your content.

    Please let me know. Thanks

  15. apple ipad says:

    Hi mates, fastidious article and good arguments commented here, I am really enjoying by these.

  16. Great post however I was wanting to know if you could write a litte more on this topic?
    I’d be very grateful if you could elaborate a little bit further.
    Thanks!

  17. Rick says:

    Hi! This is my 1st comment here so I just wanted to give a quick shout out and tell you I truly enjoy reading your articles.
    Can you suggest any other blogs/websites/forums that cover the same
    topics? Thank you so much!

  18. Whoa! This blog looks just like my old one!
    It’s on a entirely different subject but it has pretty much the same page layout and design. Wonderful choice of colors!

  19. You could certainly see your expertise within the article you write.
    The arena hopes for more passionate writers such as
    you who aren’t afraid to say how they believe. At all
    times go after your heart.

  20. Woah! I’m really digging the template/theme of this
    website. It’s simple, yet effective. A lot of times it’s
    very hard to get that “perfect balance” between usability and visual
    appeal. I must say that you’ve done a very good job with this.
    In addition, the blog loads extremely fast for me on Chrome.
    Excellent Blog!

  21. Spot on with this write-up, I really believe that this website needs
    far more attention. I’ll probably be back again to see more, thanks for the info!

  22. Having read this I thought it was rather enlightening.
    I appreciate you spending some time and energy to put this article together.
    I once again find myself spending way too much time
    both reading and commenting. But so what, it was still worth it!

  23. Hey I know this is off topic but I was wondering if you knew of any widgets I could add
    to my blog that automatically tweet my newest twitter updates.
    I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with
    something like this. Please let me know if you run into anything.
    I truly enjoy reading your blog and I look forward to your new updates.

  24. egypt travel says:

    Today, I went to the beach with my children. I found a sea
    shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.”
    She placed the shell to her ear and screamed. There was a hermit crab
    inside and it pinched her ear. She never wants to go back!
    LoL I know this is entirely off topic but I had
    to tell someone!

  25. Great blog you have got here.. It’s hard to find quality writing like yours nowadays.
    I truly appreciate individuals like you! Take care!!

  26. I am really impressed with your writing skills and also with the layout on your weblog.
    Is this a paid theme or did you modify it yourself? Either way keep up the excellent quality writing, it
    is rare to see a great blog like this one these days.

  27. Good post. I’m going through many of these issues as well..

  28. Lavern says:

    It’s awesome to go to see this website and reading the views of all mates on the topic of this article, while I am also keen of getting knowledge.

  29. Pretty! This was an extremely wonderful article.
    Many thanks for supplying this info.

  30. It’s perfect time to make some plans for the
    future and it is time to be happy. I’ve read this post and if I could
    I wish to suggest you some interesting things or tips.
    Maybe you can write next articles referring to this article.

    I desire to read even more things about it!

  31. These are in fact impressive ideas in on the topic of blogging.

    You have touched some good things here. Any way keep up wrinting.

  32. Serena says:

    This is really interesting, You are a very skilled blogger.
    I have joined your rss feed and look forward to seeking more of your magnificent post.
    Also, I have shared your site in my social networks!

  33. What i don’t realize is in fact how you are not really much more well-preferred than you might be right
    now. You are so intelligent. You already know therefore considerably on the subject of this matter, produced me for my part consider it from a lot of numerous angles.

    Its like women and men are not involved until it
    is one thing to do with Girl gaga! Your individual stuffs outstanding.
    At all times care for it up!

  34. Greetings, I do believe your web site could be having web browser compatibility issues.

    When I take a look at your blog in Safari, it looks fine however, if opening
    in I.E., it’s got some overlapping issues. I simply wanted to provide you with a quick heads up!
    Besides that, wonderful website!

  35. Hey I know this is off topic but I was wondering
    if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates.
    I’ve been looking for a plug-in like this for quite
    some time and was hoping maybe you would have some experience with something like this.
    Please let me know if you run into anything. I truly enjoy reading your blog and I
    look forward to your new updates.

  36. I’m impressed, I have to admit. Rarely do I encounter
    a blog that’s both educative and engaging, and without a doubt, you have hit the nail
    on the head. The problem is an issue that too few men and women are speaking intelligently about.

    I am very happy I found this during my search for something
    concerning this.

  37. Thanks , I have just been searching for info about this subject for a while and yours is
    the best I’ve found out so far. However, what concerning the conclusion?
    Are you certain about the supply?

  38. ii code says:

    Hey! Someone in my Myspace group shared this website with us so I came to
    give it a look. I’m definitely loving the information. I’m book-marking and
    will be tweeting this to my followers! Fantastic blog and excellent design and style.

  39. I was suggested this blog by means of my cousin. I am not certain whether this put up is written via him as nobody else realize such certain approximately my
    trouble. You are amazing! Thank you!

  40. Incredible story there. What happened after? Good luck!

  41. Thank you for sharing your info. I truly appreciate your efforts and
    I will be waiting for your next post thank you once again.

  42. Marvelous, what a website it is! This weblog provides valuable
    information to us, keep it up.

  43. Aw, this was an extremely nice post. Taking a few minutes and actual effort to generate a really
    good article… but what can I say… I put things
    off a lot and never seem to get anything done.

  44. Do you mind if I quote a couple of your posts as long as I provide credit
    and sources back to your site? My blog site is
    in the exact same area of interest as yours and my visitors would certainly
    benefit from some of the information you present here.
    Please let me know if this ok with you. Appreciate it!

  45. Hey! I know this is kinda off topic but I was wondering which blog platform
    are you using for this site? I’m getting tired of WordPress because I’ve had issues with hackers and I’m looking
    at options for another platform. I would be awesome if
    you could point me in the direction of a good platform.

  46. An impressive share! I’ve just forwarded this onto a coworker who had been conducting a
    little research on this. And he in fact ordered me breakfast simply because I found
    it for him… lol. So let me reword this…. Thanks for the meal!!
    But yeah, thanks for spending some time to talk about
    this matter here on your website.

  47. Shellie says:

    Hmm is anyone else having problems with the pictures on this blog loading?
    I’m trying to figure out if its a problem on my end or if it’s the blog.
    Any responses would be greatly appreciated.

  48. youtube.com says:

    What’s up, I check your blog daily. Your writing style is witty,
    keep it up!

  49. This post will help the internet viewers for setting up new weblog or
    even a blog from start to end.

  50. Do you mind if I quote a couple of your articles as long as I
    provide credit and sources back to your website?
    My website is in the exact same area of interest as yours
    and my visitors would genuinely benefit from a lot of the information you present here.

    Please let me know if this okay with you. Cheers!

  51. Claudia says:

    Hey there! I could have sworn I’ve been to this blog before but after checking through some of the post I
    realized it’s new to me. Nonetheless, I’m
    definitely happy I found it and I’ll be book-marking and checking back frequently!

  52. I’ve been exploring for a little for any high-quality articles or weblog posts in this kind of area .
    Exploring in Yahoo I at last stumbled upon this
    website. Studying this information So i’m happy to show that I have an incredibly excellent
    uncanny feeling I found out exactly what I needed.
    I most no doubt will make certain to do not put out of your mind
    this web site and give it a look on a constant basis.

  53. Woah! I’m really enjoying the template/theme of this blog.

    It’s simple, yet effective. A lot of times it’s hard to get that “perfect balance”
    between superb usability and visual appeal.
    I must say you have done a amazing job with this. In addition, the blog loads extremely quick for
    me on Chrome. Superb Blog!

  54. Howdy outstanding website! Does running a blog like this take a great deal of work?
    I have no knowledge of coding but I had been hoping to start my own blog
    soon. Anyway, if you have any recommendations or tips for new blog owners please share.
    I know this is off subject nevertheless I simply needed to ask.
    Cheers!

  55. I really love your blog.. Excellent colors & theme.

    Did you make this web site yourself? Please reply back as I’m hoping to create my own site and
    would like to find out where you got this from or just what the theme is called.

    Cheers!

  56. What a information of un-ambiguity and preserveness of valuable familiarity about unpredicted feelings.

  57. Nice blog here! Also your website lots up fast! What host are you the use of?
    Can I am getting your affiliate link for your host? I wish my web site loaded up as fast as yours lol

  58. Thank you for another fantastic post. The place else
    may just anyone get that type of information in such a perfect approach of writing?
    I have a presentation next week, and I am on the look for such information.

  59. I like the valuable information you provide
    in your articles. I’ll bookmark your weblog and check again here frequently.

    I am quite certain I will learn lots of new stuff right
    here! Best of luck for the next!

  60. I always emailed this web site post page to all my associates, for the reason that
    if like to read it after that my friends will too.

  61. Superb post however I was wondering if you could
    write a litte more on this subject? I’d be very grateful if you could elaborate a
    little bit more. Many thanks!

  62. Eula says:

    A short lived answer to nickel posts is to color
    nail polish on them.

  63. Danielle says:

    I’m curious to find out what blog system you have been working with?
    I’m having some minor security problems with
    my latest website and I’d like to find something more risk-free.
    Do you have any solutions?

  64. Mora says:

    Everything is very open with a clear clarification of
    the issues. It was definitely informative. Your website is very helpful.
    Thank you for sharing!

  65. Aida says:

    I’m not sure exactly why but this web site is loading
    extremely slow for me. Is anyone else having this problem or is it a
    problem on my end? I’ll check back later on and see if the
    problem still exists.

  66. Hello, I enjoy reading all of your article.
    I like to write a little comment to support you.

  67. slk67.ru says:

    Hi, I believe your blog could possibly be having browser compatibility issues.

    When I look at your blog in Safari, it looks fine but when opening in IE,
    it’s got some overlapping issues. I merely wanted to give you a quick
    heads up! Aside from that, wonderful site!

  68. This article will assist the internet visitors
    for creating new webpage or even a blog from start to
    end.

  69. Hi there! This blog post couldn’t be written any better!
    Looking at this post reminds me of my previous roommate!

    He constantly kept preaching about this. I will send this information to him.
    Pretty sure he will have a good read. I appreciate you for sharing!

  70. Amazing! Its really remarkable article, I have got much clear idea concerning from this
    piece of writing.

  71. I always used to read article in news papers but now as I am a user of web so from now I am using net for posts, thanks to web.

  72. hello there and thank you for your information – I’ve definitely picked up something
    new from right here. I did however expertise several technical points using this website,
    as I experienced to reload the web site a lot of times previous to I could get it to load correctly.

    I had been wondering if your hosting is OK? Not that I’m complaining, but
    sluggish loading instances times will sometimes affect your placement
    in google and could damage your high-quality score if advertising and marketing with Adwords.
    Anyway I’m adding this RSS to my email and can look out
    for much more of your respective exciting content.
    Make sure you update this again very soon.

  73. Enjoyed this article. I believe that the writer took an rationale perspective and made some pivotale ideas.

  74. door pops says:

    Every weekend i used to pay a quick visit this website, because i wish for enjoyment, as this this web page conations actually fastidious funny
    material too.

  75. estate agent says:

    Great post. I was checking continuously this blog and I’m impressed!
    Very helpful info specially the last part 🙂 I care for such info
    much. I was looking for this certain information for
    a long time. Thank you and good luck.

  76. Amazing issues here. I’m very satisfied to look your post.

    Thanks so much and I am having a look ahead to touch you.
    Will you kindly drop me a mail?

  77. Definitely believe that which you said. Your favorite justification appeared to be on the net the easiest thing
    to be aware of. I say to you, I certainly get
    irked while people consider worries that they plainly don’t
    know about. You managed to hit the nail upon the top and defined out the whole thing without having
    side-effects , people could take a signal. Will probably be back
    to get more. Thanks

  78. Hello there, I think your site may be having web browser
    compatibility issues. Whenever I take a look at your blog in Safari, it looks
    fine however when opening in I.E., it’s got some overlapping issues.
    I simply wanted to give you a quick heads up!
    Besides that, excellent site!

  79. Eulalia says:

    This is very interesting, You’re a very skilled blogger.
    I have joined your rss feed and look forward to seeking more of your great post.
    Also, I’ve shared your site in my social networks!

  80. Sol says:

    I think the admin of this web site is really working hard for his web site,
    since here every information is quality based material.

  81. Sergio says:

    An impressive share! I’ve just forwarded this onto a coworker who was conducting a
    little homework on this. And he in fact bought me dinner due to the fact
    that I stumbled upon it for him… lol. So allow me to reword this….
    Thanks for the meal!! But yeah, thanks for spending the time to talk about this subject here on your
    blog.

  82. You should be a part of a contest for one of the most useful sites on the internet.
    I am going to highly recommend this site!

  83. Thanks for finally talking about >5 Tricks To Maximize Your
    Wholesale Business | PurdyHomes LLC <Loved it!

  84. car loan says:

    I do not even know how I ended up here, but I thought this post was great.
    I don’t know who you are but certainly you are
    going to a famous blogger if you are not already 😉 Cheers!

  85. irish golf says:

    As the admin of this website is working, no uncertainty very shortly it will be famous, due to its feature contents.

  86. Good blog you’ve got here.. It’s hard to find excellent writing like yours nowadays.
    I truly appreciate individuals like you!
    Take care!!

  87. you are actually a excellent webmaster. The web site loading
    pace is incredible. It seems that you are doing any unique trick.

    Moreover, The contents are masterpiece. you have performed a fantastic activity
    in this topic!

  88. I’m really loving the theme/design of your website.
    Do you ever run into any web browser compatibility problems?
    A couple of my blog readers have complained about my blog not working correctly in Explorer but looks great in Safari.

    Do you have any tips to help fix this problem?

  89. Greetings from Colorado! I’m bored to death at work so I decided to browse your site on my iphone
    during lunch break. I enjoy the information you present here and can’t wait to take a look when I get home.
    I’m shocked at how fast your blog loaded on my cell phone ..
    I’m not even using WIFI, just 3G .. Anyhow, great blog!

  90. Jayson says:

    Valuable info. Lucky me I discovered your site by accident, and I am surprised why this twist
    of fate did not took place in advance! I bookmarked it.

  91. salcaf.org says:

    When someone writes an article he/she maintains the
    thought of a user in his/her brain that how a user can understand it.

    So that’s why this post is outstdanding. Thanks!

  92. Hi! I realize this is kind of off-topic however I had to ask.
    Does building a well-established blog like yours
    require a lot of work? I am completely new to running a blog but I do write in my diary every day.
    I’d like to start a blog so I can share my experience and thoughts online.
    Please let me know if you have any kind of recommendations
    or tips for brand new aspiring blog owners.
    Thankyou!

  93. Wow! This blog looks just like my old one!
    It’s on a completely different subject but it has
    pretty much the same layout and design. Great choice of colors!

  94. I think this is one of the most significant information for me.
    And i’m glad reading your article. But want to remark on few general things, The site style
    is wonderful, the articles is really excellent
    : D. Good job, cheers

  95. Genia says:

    Definitely consider that which you said. Your favourite reason seemed to be
    on the internet the easiest factor to be mindful of.
    I say to you, I certainly get irked while other people think
    about issues that they plainly don’t recognize about.
    You managed to hit the nail upon the highest as smartly as
    defined out the entire thing without having side-effects ,
    people could take a signal. Will likely be back to get more.
    Thank you

  96. Does your website have a contact page? I’m having problems locating it but, I’d like to send you an e-mail.

    I’ve got some ideas for your blog you might be interested in hearing.
    Either way, great blog and I look forward to
    seeing it develop over time.

Leave a Reply

Your email address will not be published.

Top