Sell Unsellable Inventory
You have a property under contract to buy, but you can't find a buyer for it. We market the property and find an investor. After paying our fee, you walk away with a nice profit instead of walking away empty handed. We helped you turn a lemon into lemonade. And, the seller is happy since you performed on the deal as promised.
You have a property that could be worth wholesaling, but there's a narrow margin on it so it doesn't make sense to close on it and then try to wholesale it - that's risky and expensive. We market the property in its 'under contract to buy' status and find an investor. Even after paying our fee, you walk away with a nice, risk-free profit. Remember, when you close on a property, you assume the risk of a loss and your profits get eaten up by financing costs, closing costs, holding costs, selling agent commissions, regulatory repair costs, and any hassles of dealing with the city. These costs can add up quick - on even the smallest transactions. We help you sell deals that you have under contract to buy in a risk-free manner.
Leverage Your Time
You're a part-time wholesaler and you have a property under contract to buy. But, your full-time job gets in the way of your ability to market the deal. We market the property and find an investor willing to buy it. Even after paying our fee, you walk away with a nice profit. Marketing, selling, and closing deals is a very time consuming process. This is what what we do. We have a 20+ page checklist of procedures we follow for each deal that we market, sell, and close. Your time is valuable. Leave the time-consuming stuff up to us and stick to what you're good at - finding deals.
You have a property under contract to buy in a city that has strict code-enforcement requirements. For example, the city might require Time of Sale Inspection Reports, Code Compliance Reports, or Repair Escrows. If you take title to the property, the city may require you to complete an exhaustive list of repairs before you can legally re-sell the property. A violation of these requirements subjects you to criminal and/or civil penalties, loss of licensure, and a bad reputation in the marketplace. We can market the property and procure an investor willing to buy it in its 'under contract to buy' status. Even after paying our fee, you walk away with a nice, hassle-free profit. Since the only way to wholesale a property in these situations is to assign your purchase agreement with the seller, you avoid the trap of closing on the property and being subjected to disruptive city oversight as well as hefty fees, fines, and property assessments. We facilitate a seamless, legally-compliant sale of the property.
Taking title to properties is not only risky - its expensive. We structure deals so you don't have to close on them. In fact, we prefer to sell deals that you have 'under contract to buy' since this allows you to avoid paying financing costs, closing costs, holding costs, selling agent commissions, regulatory repair costs, and avoid city-related hassles. These savings can add up quickly, especially on higher price point properties. If the city requires you to make expensive repairs before you're legally allowed to re-sell the property, then the savings are even more susbstantial.
Protect Your Brand
Some wholesalers (if they're affiliated with a national franchise, for example) are apprehensive about committing to buying a seller's property (even if they include inspection contingencies), until they are absolutely certain about how much an investor would be willing to pay for it. Our system solves this dilemna. In certain situations, we can market the property and find an investor before you ever put your name on a contract (circumvention is rarely a concern). This helps you avoid making any commitments you can't keep. And in this business, not following through on your commitments can tarnish your reputation in the marketplace.
Achieve Broad Exposure
If you're only marketing your wholesale properties to a small number of investors, you're inevitably leaving money on the table. If you're new to the wholesaling business, then you won't have a very large database of investors. And even if you're a veteran wholesaler, you know that the turnover rate in this business is high. This means that the pool of investors is in constant flux. Investors are always leaving the business, while new investors are entering the business. This is why it's so important to have a fresh and robust database of investors. This is one of our many strategic advantages - and it helps us obtain the highest prices possible for our deals.
Convert Low-Probability Leads
If you think a seller is "shopping" you on price, then you can offer our investor network as a selling point to the seller. This helps you convert low-probability leads into closed deals. During your initial meeting with the seller, if it becomes clear to you that they are shopping you, then your chances of converting that lead will diminish signficantly. So instead of making an offer and letting some other investor snap up the deal from you because you offered too little, simply tell the seller about our large investor network and our ability the obtain the highest possible prices. Sellers will love the fact that they won't have to make any more appointments with other investors while still getting a fair price for their property. If we can sell the deal after marketing it, then we make money on the spread just like usual. You'll increase your lead conversions by about 30-40% using this one technique alone.
Capitalize on Selling Non-MLS
Many investors prefer to buy non-MLS (aka "off market" or "pocket deal") wholesale properties instead of MLS listed wholesale properties. One of the many reasons for this is that when the investor has completed the rehab and placed the renovated property on the market, retail buyers and their agents don't see a prior sold MLS listing or the price the investor paid. This helps eliminate needless arguments about how much the investor is making on the flip. While it is possible to see the past sales history in the tax records, it often takes awhile (depending on the county) for the sales history to be updated. Sometimes, tax records are not updated until after the investor re-sells (or contracts to re-sell) to a retail buyer. This is one reason why non-MLS deals are often very appealing to investors.
Let's consider an example: You have a property under contract to buy. And, you have a rehabber willing to buy it. This might leave you with a nice profit. But, what if you could get more? We market the property and find an investor willing to pay more than what your investor was willing to pay. Even after paying our fee, you still walk away with a bigger profit. And, you don't have to spend time marketing the deal. Not bad, huh?