Saturday, May 27th, 2017

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Quick-Flip Selling Tip: List It!

Today I want to share a nifty tip Andy Proper emailed me on Friday.

Now if you’re also a subscriber to Andy’s Teamwork Lead System newsletter, then you may have already read it.  (If you’re not, then you should be.  Andy’s a class act, with an innovative, proven model worth emulating.  Seriously, check it out.)

And thanks, Andy, for the tip…

List that wholesale?…

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 Buyer’s 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, consistent 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.

Aloha,

Andy Proper

Good one, Andy – thanks again, man!

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About 

JP Moses is a roughly-hewn man-child who first got into REI after reading Rich Dad, Poor Dad back in Y2K and went full time in 2002. He's tinkered in everything from landlording to short sales to rehabs to Realtoring to REOs to notes to owner financing, blah, blah, blah...Till he finally stuck his flag deep into wholesaling and has since flipped somewhere north of a couple hundred deals.

JP's not a “guru” but also doesn't think it's a bad word. Among his core values are authenticity, creativity, big honkin' value, general fun-ness and being unshaven. He's super proud to be chief blogger guy at REItips.com and host of the free REIology podcast. He also thoroughly enjoys sharing his 53 best real estate investing forms with anyone who wants them. You should totally check that out. :-)

  • That’s a great tip. It’s always refreshing to hear someone with a different strategy than what everybody else is saying or doing.

    It seems like a good no-risk strategy in today’s market.

  • That’s a great tip. It’s always refreshing to hear someone with a different strategy than what everybody else is saying or doing.

    It seems like a good no-risk strategy in today’s market.

  • Andy,

    Solid tips. Thank you!

    I really like the idea of listing your wholesale deas with Flat Fee realtors because it is a cost that is controlled and for the additional exposure, you cannot beat it. Great tip.

    Also, regularly communicating with your buyers list is essential. You really can seem like the relative wanting money. I know I receive some buyers list and just delete it because in addition to no regular communication, their deals are terrible.

    I guess you are talking about wholesalers that at least have good deals that will make money for your list, but there are people out there overselling their properties.

    Freddie’s last blog post..Choosing The Right Contractor

  • Andy,

    Solid tips. Thank you!

    I really like the idea of listing your wholesale deas with Flat Fee realtors because it is a cost that is controlled and for the additional exposure, you cannot beat it. Great tip.

    Also, regularly communicating with your buyers list is essential. You really can seem like the relative wanting money. I know I receive some buyers list and just delete it because in addition to no regular communication, their deals are terrible.

    I guess you are talking about wholesalers that at least have good deals that will make money for your list, but there are people out there overselling their properties.

    Freddie’s last blog post..Choosing The Right Contractor

  • Running into alot of high flat fee listings? Are there any tips on how to get these lowered? BTW great article!

    Cheers
    RJ
    .-= RJ Pepino´s last blog ..Only 6 More Left of the 10 House Clearence Sale! Each Under 10K!! =-.

  • Running into alot of high flat fee listings? Are there any tips on how to get these lowered? BTW great article!

    Cheers
    RJ
    .-= RJ Pepino´s last blog ..Only 6 More Left of the 10 House Clearence Sale! Each Under 10K!! =-.