During the pandemic, virtual real estate investing grew in popularity. Wholesaling is an exceptionally profitable virtual real estate investing method. Yet, understanding how to find success with virtual wholesaling requires knowledge and skill.
Real estate investing coaching offers an excellent way to learn more about the details of how to succeed with virtual real estate wholesaling. Unlock your business potential with this exciting investing tool.
What Is Virtual Real Estate Wholesaling?
Virtual wholesaling works like other real estate wholesaling deals. The primary difference is that with any virtual real estate investing, the investors manage the deal virtually without seeing the property in person before putting it under contract.
The Keys to Successful Wholesaling Deals
Not every real estate deal works well for wholesaling. You need room to make a profit on the deal. The sales price must allow for you to have the buyer take over the contract at a higher price than you agreed to with the seller. That’s your profit margin. Negotiate a fair but discounted price, and leave a margin of at least $10,000 for your profit as a wholesaler.
How to Find Wholesaling Markets
The way real estate wholesaling works is to look for sellers that need to unload their property quickly. Highly motivated sellers are usually more willing to use creative investment strategies instead of following the longer timeframe of the traditional real estate sales method.
To find these sellers, consider which markets have distressed areas or shifting market dynamics. As interest rates increase, inflation rises, and a potential recession looms, many markets may have ideal scenarios for wholesaling.
The beauty of virtual wholesaling is that you don’t have to be physically present in a location to work the deal. You can follow and analyze markets throughout the country. When you see trends where sellers need to release properties quickly, those markets create opportunities for wholesaling.
Develop A Path to Success
If you find the idea of virtual wholesaling appealing, you can access tools to make it work for you. At Real Estate Investing Women (REIW), we offer coaching and training to empower other real estate investors.
Our sessions help you learn more about real estate wholesaling. We’ll teach you how to find leads for properties and buyers for those properties, including how to develop automated marketing processes and manage each deal from start to finish.
Start today on your journey to virtual real estate wholesaling success. Schedule a call to learn more about our coaching and training opportunities.