Let me first take the time to define what a wholesale listing is for me as a real estate investor. A real estate wholesaler is someone who sells properties to other investors without dealing with the general public as you normally would with an investment property. Of course, it is obvious that the bigger the listing, the more potential buyers you can get for a property. But you may be thinking that you want to sell a property on the market for as much money as possible. When I first started out in the real estate investing business, I didn’t feel the need for a comprehensive list of any kind, but then I began to learn the real value of such a list.
Benefits of a wholesale list.
Sale of investment properties.
The main benefit of a wholesale listing is having a group of people you can call and see if there is any interest in a property you just bought before you actually have to go in there and do any work. You may find that a quick little profit would be a great way to quickly turn an investment property around. You can simply call or email your list and make them offers. I’ve found that when it comes to their wholesale listing, people are very smart and know exactly how much a house is worth, so a high offer price by me will usually never work. In fact, it can even make potential buyers think you’re trying to trick them. I have found that you need to treat investors fairly and you could develop a profitable long-term relationship for both of you.
You may want to keep a few investments and they fit perfectly into your investment strategies. But what about all the other properties you hear about that you don’t even consider because you don’t want to buy a property in a particular area or some other deciding factor? Remember that every investor is looking for something different. That’s where a very detailed wholesale listing that includes what types of properties the investor is specifically looking for comes in handy. Most investors will offer some sort of reward if you find them a good deal, and that’s just for letting them know about the deal. While others may simply buy the property from you before the ink dries on the sales contract. In any case, both parties benefit.
Acquire investment properties.
As an investor, when you’re building your list, you’re also helping the other investor build their list at the same time. You can give them specific details of the type of investment property you are looking for at the same time. I always say that the more leads you have, the better. Before you know it, you’ll be receiving calls from other investors about properties that may be of great interest to you. Many of these properties tend to be within deals that you would never have heard of anyway. It does not hurt to have many avenues to buy a property and, in most cases, it greatly benefits the real estate investor.