Day #3 - Virtual Wholesaling Real Estate (Step by Step Guide)

TL;DR

Learn how to master virtual wholesaling real estate step by step to start closing deals over the phone from anywhere in the 30-day wholesaling challenge.

Transcript

welcome to day three of the 30 day wholesaling challenge and in this video I'm going to show you how to do virtual wholesaling real estate step by step so you can get wholesaling real estate deals over the phone with your computer wherever but you're going to learn today how to master virtual wholesaling real estate and exactly how you can start wh... Read More

Key Insights

• 😚 Virtual wholesaling allows for closing real estate deals over the phone or computer without meeting sellers in person.
• 👋 Good markets for virtual wholesaling have large populations and affordable median home prices.
• 🥶 Effective marketing strategies for virtual wholesaling include cold calling, SMS blasting, and utilizing social media for lead generation.
• 🏛️ Establishing rapport and being genuine are crucial in the virtual wholesaling process to build trust with sellers.
• 🥺 Utilizing government lists and services like prop stream can help in acquiring leads for virtual wholesaling deals.
• 📲 Engaging with cash buyers through phone calls and vetting them properly is essential for the successful closure of virtual wholesaling transactions.
• 😫 Importance of setting up contracts, getting property pictures, and involving a title company in virtual wholesaling deals.

Questions & Answers

Q: What is virtual wholesaling real estate and how does it differ from traditional wholesaling?

Virtual wholesaling involves finding and closing deals with motivated sellers over the phone or computer without meeting them in person, making it a remote process different from traditional wholesaling.

Q: How can one find good markets for virtual wholesaling?

Look for counties with over 100,000 population and median home prices below $400,000, as these are potential good markets for virtual wholesaling real estate deals according to the speaker.

Q: What are some effective strategies for marketing and finding wholesaling deals remotely?

Cold calling and SMS text blasting are essential strategies for marketing virtually, leveraging services like SMS services and social media to establish connections with motivated sellers and cash buyers.

Q: How can rapport be crucial in closing deals in virtual wholesaling?

Building rapport and trust with sellers is essential in virtual wholesaling, as being genuine and creating a connection can increase the likelihood of successfully negotiating and finalizing deals remotely.

Summary & Key Takeaways

• Virtual wholesaling is the process of finding and closing motivated sellers over the phone or computer without physically meeting them.

• Pros and cons exist for virtual wholesaling, but it can be a quicker and more efficient way to secure deals.

• Key steps include marketing, negotiating contracts remotely, finding good markets, getting lists, and engaging with cash buyers online.