Wholesaling real estate involves finding a motivated seller, securing the property under contract, and then assigning that contract to a buyer for a fee.
Here are 20 different ways to wholesale real estate:
- Bird dogging: Find potential real estate deals and pass them on to other wholesalers for a fee.
- Online marketing: Use social media, search engines, and email marketing to reach out to potential buyers and sellers.
- Direct mail: Send targeted mailings to homeowners who may be interested in selling their properties.
- Bandit signs: Place signs in high-traffic areas advertising your willingness to buy properties.
- Networking: Attend real estate events and meetups to connect with potential buyers and sellers.
- Craigslist: Advertise properties for sale or offer to buy properties on Craigslist.
- Auctions: Attend foreclosure and tax lien auctions to find potential deals.
- Wholesaling to other wholesalers: Find other wholesalers who are interested in buying your contracts.
- MLS: Search the Multiple Listing Service for properties that are listed below market value.
- Cold calling: Reach out to homeowners directly and offer to buy their properties.
- Driving for dollars: Drive through neighborhoods looking for distressed properties.
- Probate court: Look for properties that are going through probate court and contact the heirs.
- Short sales: Work with sellers who owe more on their properties than they are worth and negotiate with lenders to buy the property at a discount.
- REO properties: Work with banks to purchase properties that have been foreclosed on.
- Referrals: Ask for referrals from other real estate professionals, such as agents and property managers.
- Door knocking: Go door-to-door in neighborhoods you’re interested in buying properties in.
- Online auctions: Participate in online auctions for real estate properties.
- Lease options: Offer to lease a property with an option to buy it at a later date.
- Seller financing: Work with sellers who are willing to finance the purchase of their property.
- Creative financing: Use strategies such as subject-to, wraparound mortgages, and private money to purchase properties.