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Nov 15

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BREAKING NEWS!!! Thousands say that real estate wholesaling is dead!

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There are many real estate wholesalers who say that real estate wholesaling is dead in their market. They cant find deals, they can’t find buyers… they simply cannot get a deal done.

Is real estate wholesaling actually dead in markets across the country? Is it true? Have millions of motivated sellers suddenly decided not to sell? That would mean that the banks have cleared their books of millions of foreclosures and people have stopped dying so no more estate properties. ( The concept of immortality is more believable than bank inventory drying up)

Our top real estate wholesaler Carol Stinson is on it! She is on the ground in NJ seeing what she can find out about the claim that “real estate wholesaling is dead!”. Here is what she has found out…

 

  1. According to Realy Trac, the Nations top real estate information company and an online marketplace for foreclosed and defaulted properties, there are currently 893,412 properties in U.S. that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 1,151,161. U.S. REAL ESTATE STATISTICS & FORECLOSURE TRENDS SUMMARY
  2. According to the  U.S. and World Population Clock at Census.gov people are still dying as there is one death every 12 seconds in America therefore immortality is not the culprit.

 

With massive real estate inventory in markets across the country why are wholesalers not making tons of money in real estate? Why are thousands of real estate wholesalers claiming that wholesaling is dead?

After much research she has found the answer… OUTDATED WHOLESALING STRATEGIES!

Real Estate Wholesalers across the Country are still using outdated wholesaling strategies! That;s right, wholesalers are still trying to implement old worn out wholesaling strategies in today’s complex real estate market.

The same traditional wholesaling strategies that are still being taught by the top Gurus. The same wholesaling strategies that were taught back in 2007 before the housing market took a tumble, before millions of foreclosures caused the banks to implement deed restrictions and non assignment clauses making it impossible to wholesale a REOs and Foreclosures… YES! THOSE PRE MARKET CRASH, PRE FORECLOSURE CRISIS WHOLESALING  STRATEGIES! 

Let’s take a look at a few…

Find properties using ” I BUY HOUSES” bandit signs.

The problem with this strategy is that everyone is using it! This strategy has been used and abused since 2007 and sellers are starting to get immune to the slogan. I don’t know about your market, but there are at least 5 “I BUY HOUSES” signs at every intersection in my city. If you don’t believe that they are not an effective way to find sellers read what others are saying on this Bigger Pockets Forum regarding the effectiveness of bandit signs.

Besides the fact that they have become non effective in producing leads, bandit signs are illegal? Why do you think those teaching this strategy tell you to put them up on Friday night and take them down on Sunday night? Because Code Enforcement don’t work on the weekends and therefore your safe. Bandit signs are illegal in many areas of the US. Justifying the use of an illegal tactic to market your business is still justifying illegal activity, and really should not be tolerated.

There are many legal, more effective ways to generate seller leads.

 

DOUBLE CLOSING on REOs and Foreclosures!

There are many reasons why a wholesalers feels they must double close a property to get paid their fee, aside from the fact it’s the strategy they were taught. One reason is if they are wholesaling an REO or Foreclosure property as the bank has put non assignment clauses in the purchase agreement making it impossible for a wholesaler to assign the property over to their buyer and get paid. So by double closing the property the wholesaler can overcome the no assignment clause as he is not assigning the property but rather closing on it and then reselling the property. This strategy will cost the wholesaler the price to close on the first transaction which robs him of profit in the process.

What if the bank places deed restrictions in the purchase contract. ( can’t resell the property for 30, 60 or 90 days after closing on the first transaction)? In this case  the wholesaler hits a brick wall and cannot do a double close on a property and therefore looses a deal and will not collect a profit. Since the banks are now placing this deed restrictions on most if not all of their addendums to the purchase agreement there are allot of deals being left on the table! Therefore to a wholesaler using this outdated strategy…. WHOLESALING IS IN FACT DEAD!

What if I told you that there is NO NEED TO DOUBLE CLOSE ON A PROPERTY TO GET PAID! By utilizing the power of a Land Trust to close REOs, Short Sales and Foreclosures there will NEVER be another deal left on the table due to non assignment clauses and deed restriction!

Today;s real estate  wholesalers are still using “old school” wholesaling strategies because it’s all they know how to do. They have never learned how to think outside the box to generate leads so instead of adapting new strategies they declare the “real estate wholesaling is dead!” when in reality it’s their strategies that need to be laid to rest. You cannot expect results from using traditional wholesaling strategies in a real estate market that is anything but traditional!

The result… WHOLESALING IS STILL VERY MUCH ALIVE IN AMERICA! 

I have covered only two of the strategies that need to be laid to rest as they are no longer effective in today’s market. There are many more pre 2007 wholesaling strategies that need to be either tweeked or tossed as they are no longer effective in today’s complex real estate market.

Today’s real estate market presents an opportunity for more wholesaling profit than ever before in history yet so many wholesalers have not tapped into this well spring of opportunity. They are stuck in the stinking thinking that wholesaling is dead because their strategies no longer work.

This is the reason that I wrote my new EVERYTHING WHOLESALING GUIDE. I want to help today’s wholesaler by providing strategies and resources that work in producing massive profit in TODAY’S REAL ESTATE MARKET. These are up to date, new age strategies that are proven effective in today’s market. These are my own strategies that I have developed and evolved as the real estate market has evolved. These strategies work, they are effective and they are guaranteed to have you closing more deals.

Granted I could have posted each of these new strategies on this sight and have you scroll through all the posts to learn each strategy. But, I thought it would be much more effective if I put each of these strategies into one easy to understand, step-by-step guide and provided you with the opportunity to edit and print each of the contracts utilized in each of the strategies. Then I went a step further and included a copy of my new book HOPE BEYOND BOUNDARIES to help you develop a mindset that backs your vision for success. You can find out more about my new book at liveyourhope.com

I am dedicated to helping you profit in today’s real estate market!

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About the author

cstinson

Carol Stinson is a Real Estate Mentor, Author and Entrepreneur who continues to thrive in today's real estate market. Her concept of success is to never stop learning new techniques and then put what you learn into action expecting results. She is dedicated to helping others succeed by sharing what works in today's real estate market. Her strategies are effective, her techniques work and she is always updating them to conform to the ever changing real estate market.

Carol's biggest passion is people! Her love for others and dedication to help them succeed is genuine and ongoing. She created Real Wholesaling in an effort to help others find their way to financial freedom through real estate.

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