When it comes to purchasing properties, there is the option of buying directly from the MLS. Another option is to buy from real estate wholesalers. The essence of the wholesaler’s approach is to get the best deal on the market but is it really that easy to find one? Today, we take a look at the concept of purchasing real estate from real estate wholesalers and why you need to pick the right real estate wholesalers. So first, let’s talk about who real estate wholesalers are.
Who Are Real Estate Wholesalers?
These are basically the middle brokers in the consumer chain. They search for great deals available on real estate and sell these deals to other investors. They employ the digital marketing approach to source for the sweetest deals around.
Their sole aim is to sell off the contracts or deals of the real estate at a price higher than what they agreed to pay for. They do this by advertising, using mailing lists, or other means; these deals lead them to potential investors looking for flips.
How Do I Identify The Credible Real Estate Wholesalers Near Me?
“Are there credible wholesalers near me?” this is a valid question to ask because a lot of wholesalers these days don’t fit the bill anymore.
Wondering how you can identify the best or even be the best real estate wholesaler? Then you’ve certainly come to the right place,
- Set up meet-ups where you can develop a network with other wholesalers
- Make use of the internet. A lot of real wholesalers are just waiting for you to click on their profiles
- Develop a network with other investors and learn from them about credible wholesalers
Keeping these tips at the back of your help goes a long way to avoiding rookie errors in the real estate industry.
Speaking of which, for real estate wholesalers having trouble searching for property leads, the best solution is to create a mailing list. This way, you can search for ready sellers; at the same time, you easily identify investors ready to do business.
To give you a head start, we’ve highlighted three mailing lists that will prove useful.
Three Highly Recommended Mailing Lists for Motivated Seller Leads
1. Absentee Owners
Often ready to sell because they no longer want the responsibility of the property. Maybe they live out of state, have a disastrous rental on the other side of town or second home that the family never uses.
Whatever the reason, wholesale investors have been getting deals with absentee homeowner lists for years.
2. Owners with Low Economic Stability
These are classic examples of distressed homeowners. You can reach out to these financially stressed owners with an offer to buy their home. Your offer will make it so much easier for them to sell than the traditional route.
3. Seniors with 15+ Year Ownership
They have many reasons to sell their home, and they want it to be easy. They may be empty-nesters looking to downsize or need to move into new housing with assistance.
These off-market real estate investor mailing lists have plenty of options for you to customize based on your marketing strategy. ListAbility’s REI list experts can help you decide. Choose where you want the property to be, the home value, type of property (single, multifamily, condo, etc.), and more
Meeting the Challenge of Finding Off-Market Leads
Some wholesalers invest their time in Driving for Dollars. Then they spend more time tracking down the owners. The savvier investors have found that Direct Mail Campaigns are far more effective and efficient.
The mailing list you choose is important. You want to target owners who will likely be ready to sell their house, better known as motivated sellers. Working with a Mailing List Broker who specializes in REI will give you an advantage while they guide you through the list acquisition process.
ListAbility is a list broker with the expertise to help. They have been working with all types of RE Investors, including wholesale, to find profitable deals. The best credential is when investors keep coming back for more, year after year.