10 Steps To Successful Real Estate Wholesaling
Written by Alex Pardo on December 29th, 2009
Get Your Real Estate Education
Before investing in your real estate business you would do well to invest in your real estate education. The new real estate investors software system, FreedomSoft, has a built in education feature that will take you through the wholesaling process step by step.
Direct Mail Marketing and Lists
Your real estate business will not work without motivated sellers calling you with deals and buyers calling you to buy your deals. There are many ways to market your business but the most effective methods are direct mail campaigns and websites. FreedomSoft is an innovative system that will manage your marketing so you can build your buyers and sellers list efficiently.
Networking
Join your local real estate investors association and real estate clubs where buyers and sellers meet to network. Social media formats such as LinkedIn and Facebook offer great networking opportunities.
Your Buyers and Sellers Lists
The buyers and sellers information you obtained through your marketing and networking will need to be automated. Since you can\’t operate a successful business effectively from a desk cluttered with business cards and sticky notes, FreedomSoft will manage your buyers and sellers information and send automatic emails to them.
Find a Property
Find bargain properties at below market prices that may be vacant, distressed or have owners who are distressed due to financial or personal hardships. Flipping wholesale properties will be quicker and easier if you stay away from those that require major rehabs.
Negotiating Price
You need to know the property\’s worth before you can start to negotiate price. In wholesaling, you are buying bargains and selling them to bargain hunters so make sure the price you pay is on the low end. FreedomSoft will review your deal, giving the property\’s value as well as other property values in that particular area.
Check the Title
Always check the title when purchasing a property. You can usually get a clear title with assistance from the motivated seller. If not, a good title attorney will be a valuable asset to you.
Put the Property Under Contract
When you find a deal and the seller agrees to your price, don\’t hesitate. Meet with the seller and have him sign a standard purchase and sale agreement and put up a small binder deposit. Set your closing for 30 to 45 days in order to find an investor to purchase the contract. Contracts can be confusing and intimidating. Using the contractor generator in FreedomSoft will make this task worry free.
Flip the Property
Now that you have the contract in hand from your motivated seller, you will simply market your property to the real estate investors in your buyers list. Once you have a buyer, you can use the same house-flipping contract and require earnest money to ensure your real estate investor is a serious buyer. Your real estate investor will pay closing costs and you will sign as the seller on this contract.
Ready to Close
The title to the property is clear and you have set a closing time that works for your buyer and seller. Now you close the deal with a real estate attorney or title company.
Now the best part of this is to collect your check. Go find another deal!
Go to www.Preston-Ely-Freedom-Soft-Review.com and review this amazing new real estate software program to see how FreedomSoft can automate your real estate wholesaling business.
This entry was posted on Tuesday, December 29th, 2009 at 8:13 am and is filed under Online Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Tags: alex pardo, freedomsoft, freedomsoft review, freedomsoft review blog, Internet Marketing, making money in real estate, making money wholesaling, Online Business, preston ely, pros and cons of freedomsoft, real estate business, Real Estate investing, real estate wholesaling
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