Virtual Wholesaling for Investors and Licensed Agents

With a lot of folks facing challenging local real estate markets there has been a lot of talk lately about wholesaling outside of your local market or virtual wholesaling.

Yes, wholesaling outside your local market can be done and a lot of the tools I teach can very easily be adapted to this type of investing, but I have one warning for you before you start and before I continue to share some information about it: if you are not willing to do the work that is required to build a buyers list, find deals and talk to buyers and sellers about properties in your local market, then doing it across the country still won’t work for you.

With that being said… if you are willing to build a buyers list, talk to motivated sellers to find deals and put them under contract then talk to your buyers list as they inquire about the deal, then yes, this is a viable business model.

In fact, if you sort of cross your eyes funny, it is the exact business model I run here on these sites except I am doing it with a real estate license and skipping a few steps as I’ll show you below.

For real estate investors that do not have a real estate license here is a basic overview of how the process works:

1. Start building your buyers list so you have buyers to sell your deals to
2. Market to find motivated sellers
3. Negotiate with sellers to put deals under contract
4. Sell your contract to your buyers list for a profit
5. Repeat as often as you like

I know that seems over-simplified, but that really is what the system is. I document in the various free training I provide how to do each of those steps. All you need to do is look through these articles and the Real Estate Investor Wiki. Then tweak our systems to your unique situation and implement them for your business.

If you have a real estate license, the business model goes something like this:

1. Start building your buyers list so you have buyers to sell your deals to
2. Find great deals from other wholesalers, the government, banks or other agents/brokers with listings
3. Put your buyers together with agents who help them buy these properties and collect a commission (or referral fee) on the sale
4. Repeat as often as you like

Until my next post,

James

P.S. For a limited time only you can watch my hour long webinar on How To Setup Your Virtual Wholesaling Business for free.

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