Did you know that you can wholesale in the most profitable real estate markets, no matter where you live? The key to successful wholesaling is finding deeply discounted deals—so depending on where you live, you may need to look outside your own backyard.
Today’s guest, Lauren Hardy, is the coach behind Virtual Investing Mastery. On this episode, Lauren is sharing her best tips and tricks for virtual wholesaling in any market. We’ll talk about what it takes to succeed, how to find the right market, and how you can get started wholesaling virtually!
On this episode you’ll learn:
- How to find the right market for virtual wholesaling.
- The two connections you need to make in your market.
- The importance of coaching.
- And much more!
How to Find the Right Market for Virtual Wholesaling
The best way to find a market for virtual wholesaling is to search for a proven concept in that market. If you can’t find anyone successfully wholesaling in a certain city, that’s a strong indicator of a bad market. While some markets are more competitive, you will have the most success by searching in less populated areas.
The Two Connections You Need to Make in Your Market
First, you need to secure some strategic partners (or joint venture partners) in your desired market. These are individuals who are successfully established in that market. Lauren suggests finding three, so that you have different perspectives to consider. When you have these connections, you can discuss your deals with them.
Secondly, you should have a runner in your market. This is someone who works for you part-time, running errands, taking photos, and any other in-person administrative tasks.
The Importance of Coaching
If you want to be successful in real estate, wholesaling, or any business venture, coaching is invaluable. Instead of going off free (and often conflicting) information on the internet, consider investing in your education. Coaching from a proven mentor can save you a lot of time and headaches. If you want to learn more about Virtual Investing Mastery, go to morrisinvest.com/virtual.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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