Why Off Market Real Estate Deals are Easier to Wholesale?
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- čas přidán 6. 12. 2021
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- My main objective is to make it easy for you to get paid wholesaling real estate and in this video I try to accomplish that when it comes to On the Market aka Listed Properties vs Off Market properties.
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That’s why I like this guy wholesaling real estate is not easy at all don’t be fooled by what they be saying on the internet
*Boom*
He is the real deal. I can attest to that as much!
I remember I sent him my first deal check and told him “thank you for your teaching” and he replied “Boom”! Love it! That was probably 2019 ish. I now specialize in Wholesaling on market properties, nationwide. He is right, you have to adjust, the trick is to have an understanding with your buyers some don’t care, as long as the numbers work, I’m majority of them would care and you best believe they are looking on the Internet once you present them your deal that you have under contract. of course like everything there’s a few drawbacks with on market deals, but I can scale them with Lil to no overhead for marketing costs, etc.
For example, let’s say that a home is $390,000 all fixed up, the home needs about $35,000 of work the seller has it listed for $220,000 on market. Although one would say this would be a good deal, and it is, you could even offer a little bit more than this amount. however, let’s say you get it at $225,000, which is still a great price, you will probably be offering it for $235,000 to prospective buyers. The first drawback would be, cash buyers seeing that it is now pending contract, but was listed for $220,000 originally, so why are they paying $10,000 more through you? Good investors went really care however sadly it’s not like that, so more than likely, they’re gonna look at it as“I’ll just wait until this fool can’t assign it, and then scoop it up for listing price saving myself $10,000“ that’s why it’s better to gain relationships with buyers in certain areas. Majority of the time you want to get it at least less than what it is currently being marketed for on Zillow, redfin, google, Trulia, etc.. going back to our example at the home listed for $220,000 that needs $35,000 worth of work all fixed up we could resell for $390,000. I would offer first $190,000 and work my way to $205-$210,000 max. This way I can assign it for anywhere between $215-$218,000. You see why right? I’m offering the property at a discounted price from its marketed price point. You’re giving value to your buyers by already pre-negotiating a lower price than the listing price which is already at and this example a great price point. These cases the cash, but I won’t even even think about counting the money in your pockets, or would rather just get it under contract. Try to close with the same buyers all the time in different areas gain an understanding. I have buyers in certain areas where I tell them “if I bring you a deal that matches your criteria, your numbers, everything, and bring it to you, Does it matter what it’s listed for?“ And these buyers don’t care even if it’s higher than the listed price, as long as it matches their criteria, they will take it
You gotta play it smooth online. Try to negotiate the price point under what the listing is so you have space between what you got it under contract for and what the listing price is so there is no problems. Hey you got it for what it was worth. That’s how I see it
Buyers for Illinois and Missouri needed. Will be at a funeral in Chino California and plan to check out some houses while I'm there. Heelllllllp
Hey Bettina, you still looking for buyers in MO and IL? I’m an end buyer in both states
Do you know anyone who’s selling in Chicago?
I have buyers in Mo and IL
I’m struggling fam. Where would I find the most success in searching for deals? Was on propwire, but most of the numbers were incorrect or out of service. Trying on market deals but when I contact end buyers they don’t want on market listings even if the numbers are right. Can’t seem to catch any momentum and I’m putting in at least 50 hrs a week.
*Put that energy into the video instructions below and you can partner with me*
czcams.com/video/4BRc6umuYdM/video.html
🙏
*Hope it helps Faith*
If you have the property under contract what’s the best way to ask them to take their post off Zillow?
*Let them know you flip houses and you don't want people to know what you're buying it for*
I found a distressed property that doesn't have an adress cant find on google maps is that possible?
*Yes, you need to establish an address next door or across the street and you should be able to figure out that address*
What's the best way to find a off market deal?
*Link below*
czcams.com/video/71CGjbjEMJw/video.html
How do I start I’m ready
*Educate yourself to give yourself the best chance to succeed starting at the link below*
m.community.com/cq4gvYZnD73YzbX
Can you run a comp 4 me I will send you the address if u can the seller wants 255k and it's free and clear lmk if u can help
*What up Kyle, the video link below will assist*
czcams.com/video/KcMM2aJBzpU/video.html