What It Takes to Be Successful at Wholesaling Houses
What does it realty take to be successful at wholesaling houses?
If getting into wholesaling houses isn’t reliant on having mountains of your own cash, great credit or lots of extra time, what does it really take to become a successful wholesaling CEO and bring in the big bucks month after month?
There are endless tips out there on all types of marketing channels or what traits are common among leading entrepreneurs as well as critical and practical advice on how to hone in on properties, evaluate them and make good offers, but this alone won’t necessarily guarantee your long term success.
If there is one thing that your long term success at wholesaling houses relies on and will ensure maximum profits it is offering good deals.
Unless you consistently offer great deals it really doesn’t matter how big your buyers list is, how slick your marketing looks, what’s going on in the local real estate market or how many contracts you can get signed.
If you aren’t offering good deals people won’t want to do business with you, those that do won’t come back or refer others and your reputation will suffer fast, making it a lot tougher and moer expensive to flip houses in the future.
Avoid these issues by committing to offering irresistible deals, demanding accuracy in your figures from value estimates to repair costs, leave plenty of spread, make working with you easy and maintain a reputation for honesty and treating buyers well.
For those that don’t just want mediocre success and volume you will want to devote time and resources to building a sizable and targeted buyers list, getting out there networking and constantly adding new names and numbers to your database. Then automate it all from research to making offers and promoting deals with systems, web tools and outsourced assistants for a streamlined operation that allows you to do a high volume of business fast.
To maintain your gains and keep growing your business of wholesaling houses over the long run you also need to be proactive about protecting your progress. So have plans for ensuring business continuity from defending your reputation online to business insurance and cash reserves to make it through disasters and tougher years and tap into lines of communication and data storage that will survive no matter what comes your way.
So if you aren’t seeing the results you have been hoping for yet take a look at the above and see where you need to realign your process and strategy for wholesaling houses.