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!
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
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!! =-.