Virtual Wholesaling Step by Step- Part 2: Finding & Locking Up Deals

TL;DR

Learn how to find and lock up virtual wholesaling deals using methods like cold calling, SMS text blasting, driving for dollars, and digital bandit signs.

Transcript

what is up guys Zack in here and welcome to part two of our three-part virtual wholesaling series The Ultimate virtual wholesaling guide and today in part two of our virtual wholeselling series I'm going to show you exactly how to find virtual wholesaling deals and actually had to lock them up the right way we are in an action-packed part of the se... Read More

Key Insights

• 💲 Virtual wholesaling deals can be found through various methods, including cold calling, SMS text blasting, driving for dollars, and digital bandit signs.
• 👂 Government lists, such as probates and code violations, can be valuable sources of motivated sellers for virtual wholesaling.
• 🈹 Qualifying sellers is crucial to ensure they are genuinely interested in selling their property at a discount.
• 🧑‍🏭 Making offers in virtual wholesaling involves considering factors like ARV, MAO, and repair costs.

Questions & Answers

Q: What are the best ways to find virtual wholesaling deals?

Some of the best ways to find virtual wholesaling deals include cold calling, SMS text blasting, driving for dollars, and using digital bandit signs.

Q: How can I pull government lists for free to find motivated sellers?

You can find government lists, such as probates, code violations, pre-foreclosures, and more, for free by visiting the websites of the clerk of the court or public records.

Q: How do I qualify sellers in virtual wholesaling?

To qualify sellers, ask them about their motivation for selling, the condition of the property, their desired time frame, and the price they are looking to sell for.

Q: How can I make offers in virtual wholesaling?

When making offers, consider the after repair value (ARV), maximum allowable offer (MAO), and repair costs. Use formulas to calculate the MAO and determine an appropriate offer price.

Q: What are some closing methods for virtual wholesaling deals?

Some closing methods include using the good cop/bad cop approach, getting the seller's price first, or making a lowball offer with valid reasons based on the property's condition.

Summary & Key Takeaways

• Virtual wholesaling deals can be found through methods such as cold calling, SMS text blasting, driving for dollars, and digital bandit signs.

• Government lists, such as probates, code violations, pre-foreclosures, and more, can be pulled for free to find motivated sellers.

• To qualify sellers, ask questions about their motivation, property condition, time frame, and desired price.

• Making offers in virtual wholesaling involves considering the after repair value (ARV), maximum allowable offer (MAO), and repair costs.

• Closing deals in virtual wholesaling can be done through methods like the good cop/bad cop approach or getting the seller's price first.