Virtual Wholesaling Is A Reality

Here at Skip Genie we talk to virtual wholesalers quite often. Some of our clients live as far away as Canada and make a comfortable living by virtual wholesaling properties in the United States, but when a lot of people first hear about virtual wholesaling they don’t believe it’s possible. In fact, some people we know who have become successful at virtual wholesaling initially thought it was a boatload of crap when they first heard about it! After all, how can you wholesale houses that you can’t visit…? Make JV’s to make virtual wholesaling possible An essential component to virtual wholesaling is making good JV’s in the markets you get properties under contract. Your JV’s can go on appointments, walk the properties, and If the homeowner wants to meet, you can send your JV to their property on your behalf. Expect and accept commission splits True, having JV’s means that you’ll be splitting your profits with them, but there is plenty of money to go around when you learn how to virtual wholesale properties that are thousands of miles away from you. You’ll also be able to get more targeted leads because there will be more properties that meet your criteria (deceased, vacant, high equity properties for example) when your able to do business internationally. Simple metrics for virtual wholesaling If you’re interested in virtual wholesaling, following the metrics below will help you close deals: Find a certain amount of properties Make a certain amount of phone calls Talk to a certain number of people Generate a certain number of leads Get a certain number of properties under contract Rinse and repeat. It’s important for you keep at it everyday, and that you allow yourself to make mistakes. You WILL make mistakes while you’re learning how to virtual wholesale, but each mistake is what tutors you in how to become a successful virtual wholesaler. Weekly coaching calls As mentioned earlier, we have clients who are successful at virtual wholesaling, and sometimes they get on our weekly coaching calls and tell their success stories of how they used our Skip Tracing services to help them close deals doing virtual wholesaling. Their stories are full of gold nuggets, as they talk about solving title issues and overcoming common objections that they faced along the way to closing the deal. If you’re interested in accurate data that connects you with home sellers and good real estate coaching that covers a wide range of real estate investing topics, sign-up here for one of our plans. During these coaching calls you can ask questions, listen to success stories, and who knows…you just might learn a few tricks about Virtual Wholesaling.

What If A Home Seller Goes Dark On You?

There are a lot of reasons why home sellers may go dark on you, but the two main reasons are they get preoccupied with something or they lose interest. After they’ve gone dark, it’s really important to be able to get their attention again. Following up with them with phone calls, text message blast, and emails is important, but if a home seller has gone dark on you they aren’t responding no matter what you send or how many times you send it. Below is one simple message that you can send to get home sellers who have gone dark to reply to (we’ve had some good success with it): “Hey John Doe, I need to get the check to you…give me a call”. You’d be surprised how easily this simple message will get the home seller engaged again! They will usually reply with something like, “What check?” “The check for buying your house!”, you reply. The good thing about using this simple message is that it’s entirely true. You are trying to give them a check for buying their house. (Of course, in order to be able to leave a home owner this type of message, you need to rei skip trace the home owner first). Money talks, so when you make it clear you have a check you’re trying to get to the home seller you’re sending the message that you have the ability to put money in their pockets and mean business.

Powerful Tip On Following Up With Elusive Home sellers

What do you do if a home seller ignores your direct mail and won’t answer the phone when you call? Better yet…let’s say you knock on the door and they still won’t answer you, but you’re almost sure they are living at the property… If you’ve done everything you can do to contact home seller and they haven’t responded, make sure you send them a contract. A lot of your competitors are mailing the same properties that you’re mailing, but not all of them will take the extra step of sending the home seller a contract after they’ve mailed and called. If the property you are trying to acquire is a really sweet deal and you still don’t get a response after you send the home seller a contract, then send them another contract as a follow up. We have gotten deals when the home seller ignored all of our marketing materials, phone calls, and they pretended not to be at the property when we dropped by to talk to them about making an offer, BUT they didn’t ignore the contract we sent them and that is what led to us getting the deal! So, if you did your due diligence and rei skip trace the homeowner and still were unable to contact them, make sure you follow up by sending contracts. In our competitive market every little extra bit of work you do can go a long way. Taking the extra step of sending the homeowner a contract can make the difference between getting a good deal and not getting a good deal.