What is Wholesaling?



Put in layman's terms, wholesaling properties is basically being able to spot a potential property bargain and then negotiating with another investor for its purchase. Once purchased, the property may be held until market conditions improve or be resold by the investor for an acceptable profit.

The property wholesaler's primary function is to find properties that investors may be interested in and provide the wherewithal to close the deal.

Wholesaling properties may consist of land, single and multiple family dwellings, commercial lots, pre-construction buildings, condominiums or new homes.

A property wholesalers function is to locate bargain property far below market value and assign the deal to another investor. Commissions vary depending on the sale; but some real estate deals are netting wholesalers profits from 3,000 to 50,000 per deal.

With today's ever advancing technology, virtual property wholesaling can escalate this concept to a new and previously unheard of level of success. A virtual property wholesaler incorporates the power of the internet coupled with viral marketing and technology in order to find and deliver fabulous deals to buyers nationwide.

Property investors are still keen on conducting business in an uncertain market and are always on the alert for consistent input on money-making deals. Wholesalers fill the gap for other investors who may not have the time or inclination to market for deals.

The three key steps to becoming a successful virtual property wholesaler are:

1.Construct your own buyers list consisting of investors who will offer repeat business. Make full use of the latest technology to stay on top of your game and to pre-screen potential buyers such as hosting your own website, begin a pod-cast, use auto-responders for email soliciting, create and maintain related blogs; Construct a buyers list by using a private membership area on your website; submit related articles to article submission sites, or delve into video marketing and/or any other resource you can think of to get your business acumen out there.

2. Develop and train a cracker-jack virtual team who are dedicated to helping you run and grow your business independently. Remote team members can be recruited from all over the world. By acquiring like minded people to join your team you will realize an exponential growth of your business.

3. Start local and then expand your search nation (or even world) wide for awesome deals. Take the time to pre-screen every opportunity prior to beginning the bartering process with investors. Although initially this process may be a little time consuming, diligent research can produce on line resources dedicated to helping you find and evaluate various property deals from many different areas. Virtual real estate wholesaling is a new and exciting way of doing business.

If you want to be included in the next wave of prosperity, lay the groundwork today for one of the most lucrative, cutting edge businesses of the future - starting as a virtual property wholesaler will reap you fabulous rewards. All that is needed is 4 -5 hours a week and a bit of knowledge of market conditions.

Copyright (c) 2009 Duncan Wierman