I sent this email to the Teamwork Lead System community last week, but it’s worth posting here as well…
I wanted to share a quick wholesale tip that I picked up a couple weeks ago at the Virtual Investing Seminar.
Someone - and I can’t remember who, so I apologize! - mentioned that he always markets his wholesale deals via flat fee MLS listings.
The key, he said, is to include in your purchase contract:
“Seller gives Buyer (you) the right to relist the property with an agent of your choice”
He said this particular clause has NEVER prevented a seller from signing the contract with him.
Then in your MLS listing, be sure to mention that it’s “subject to prior sale.”
Good stuff, huh?
Just another avenue for getting your deals sold, in addition to…
- Offline Strategies (direct mail, bandit signs)
- Online Classifieds (Craigslist, Backpage, Kijiji, Oodle)
- Online Groups & Forums (RealEstateInvestor.com, etc)
- Specialty Sites (like this one, this one, and another one)
- Online Video & Other Web 2.0 Strategies
- Your Buyers List
Speaking of your buyers list… you’re going to have a lot better shot of them buying from you if you’re giving them valuable content on a regular basis. As with any relationship, regular communication is key.
I’ve seen a lot of wholesalers ONLY contact their buyers list when they’re in desperate need of a buyer. This makes you look like that relative who only calls you when he needs money. Don’t be that guy.
I’m not going to say much more about this… just get on Darren Dicke’s buyers list at www.TheColumbusWholesaler.com and watch how he does it. And buy properties from him.
I’m off to Kalaupapa, Molokai with my wife for the weekend to help rebuild a church. Over 8,000 leprosy sufferers were exiled to this remote peninsula from 1866 to 1969. It’s kind of a dark spot in Hawaiian history & a very special place today.
I’ve learned that it’s usually a lot harder (and more meaningful) to give of your TIME than your money.
Have a great weekend & give your time to someone or something special.
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Posted on Friday, 18th July 2008 in Real Estate | Comments (0)