Virtual Wholesaling Live Training (Step by Step) | Summary and Q&A

TL;DR

Learn how to virtually wholesale real estate deals, including finding the right market, determining the best zip codes, networking, creating a marketing plan, talking to motivated sellers, locking up deals, finding cash buyers, and closing for profits.

Key Insights

• 👻 Virtual wholesaling allows for the remote acquisition and sale of properties without physically meeting with sellers and buyers.
• 🤐 Finding the right market and zip codes is crucial for success in virtual wholesaling.
• 🏛️ Networking with other wholesalers and real estate investors is essential for gaining knowledge and building connections in the industry.
• 🤩 Creating a solid marketing plan and consistently executing it is key to generating leads and finding motivated sellers.
• 😚 Building rapport with sellers and effectively communicating the virtual wholesaling process helps establish trust and close deals smoothly.
• 🤘 Utilizing technology platforms like Docusign and Dotloop makes it convenient to sign contracts digitally and streamline the transaction process.
• 🤝 Finding cash buyers is crucial for completing virtual wholesaling deals, and there are various strategies and tools to identify and connect with them.
• 🥺 Following up with potential sellers regularly is important for nurturing leads and increasing the chances of closing deals.

Transcript

alrighty make sure we're good here alrighty sweet alrighty looking good looking good just wanna make sure we're live on everything i'm gonna go show this to a few groups real quick so this is gonna be our live training for virtual wholesaling step-by-step guys it's quite the theme this week uh that we're doing virtual wholesaling uh let's just make... Read More

Questions & Answers

Q: Do I need an attorney to represent me and the seller in an attorney state like New York?

It is recommended to consult with an attorney regarding the specific laws and requirements in your state. However, many virtual wholesalers in attorney states find workarounds and are successful in wholesaling remotely.

Q: How do I set up Docusign for electronic contract signing? Can it be used on any device?

Docusign can be set up on any device and is a popular platform for electronic contract signing. You can visit the Docusign website to create an account and access their tools for signing contracts digitally.

Q: What should I do if a seller refuses to remove the boards from the property door for inspection?

In this case, it may be best to assume that the property needs extensive repairs and find comparable properties in similar condition to determine an appropriate offer price. It is important to assess the property's condition to accurately evaluate its value and potential profit.

Summary & Key Takeaways

• This live training session is a step-by-step guide to virtual wholesaling, focusing on the process from start to finish of wholesaling real estate deals remotely.

• The content covers finding the right market, determining the best zip codes, networking with other wholesalers, creating a marketing plan, talking to motivated sellers virtually, locking up deals, finding cash buyers, and closing the transactions for profits.

• The speaker shares his personal experience in virtual wholesaling and provides tips and strategies for success.