Skip to main content

4 Things To Look For In A Great Southwest Michigan Wholesaler

Building a portfolio with real estate investment is a great way to build wealth and is statistically more stable than the stock market. The last thing you want to do as a real estate investor is to buy overpriced properties off of the MLS (Multiple Listing Service). This is where real estate wholesalers come in. They are able to acquire properties for less than market pricing and resell to buyers at or just below market pricing. You need to make sure they have market area knowledge, have a great track record, have a strong network of other investors and real estate professionals, and have an overall positive community presence. Here is an explanation of these four things to look for in a great Southwest Michigan wholesaler.

Area Market Knowledge

The first thing to look for in a great Southwest Michigan wholesaler is their market knowledge. A great wholesaler will be on top of the market and have monthly analyses completed for any area they operate in. They will know the market price of the property at any given moment and will be experts in the locations of the majority of their properties. There may be a few outliers in different locations, but you can be sure they have done their research on the property. We as wholesalers make sure to research and verify every aspect of the property to make sure it is a solid investment to add to your portfolio. 

Proven Track Record

The second thing to look for in a great Southwest Michigan wholesaler is their track record. A great wholesaler will have lots of transactions in their specialized market which can also be used as their baseline for making offers to sellers. Many of these great wholesalers have years and years of transaction history. Even though a wholesaler might only have a few months or a few years of transaction history, it is important to look for transactions with good margins. The property sales with the end buyer pricing close to regular market pricing or slightly below is a great sign. This means they are able to acquire properties with purchase pricing low enough to leave enough room for both of you to make some money!

Strong Real Estate Network

The third thing to look for in a great Southwest Michigan wholesaler is a strong network. Great wholesalers have a great marketing strategy to reach new buyers and sellers. This will include multiple approaches like a large email list, a mailing campaign, or real estate meet-up groups. With a strong network of buyers and sellers, the great wholesaler can easily acquire new properties and sell them in bulk to buyers wanting to build their portfolios. 

Positive Community Presence

The fourth thing to look for in a great Southwest Michigan wholesaler is a positive community presence. It’s a sign of a great wholesaler if other real estate professionals or buyers refer you to buy properties from them. If they attend a real estate networking event, take a look at how they present themselves. Are they open and talking with people? What does their marketing material convey? You also might want to check out their websites, social media, and other third-party review sites. What are others saying about them? If they do have negative reviews, how did they handle them?

Here at I Buy SW MI, we are a great, reliable source of wholesale real estate to help you stock your portfolio with quality real estate. We thoroughly review all of our properties for certain red flags and quality before offering them for sale.

Call us today at (231) 392-3262 or send us a message to discuss these things to look for in a great Southwest Michigan wholesaler.

Labels:

Comments

Post a Comment

Popular posts from this blog

How to Sell an Inherited House in Southwest Michigan, MI

How To Sell an Inherited House Made Simple Inheriting a property is a bittersweet experience. Although it might mean acquiring a house that could drastically improve your life, it also means that a loved one has passed. There’s a lot to consider if you don’t want it, like knowing if you should sell an inherited house or not. Grieving is a difficult process, and dealing with your newly acquired property might be the furthest thought from your mind. However, it’s important to manage your inherited property before it becomes not only an emotional stress factor but a financial one too. Knowing how to sell an inherited house doesn’t have to be an added stress. The Center of Wealth and Philanthropy , at Boston College, projects that the baby boomer generation will inherit upwards of $27 trillion over the next four decades. A large portion of that figure includes inherited homes. But the sudden acquisition of an inheritance can leave you with many questions. ...
Post a Comment
Read more

What are the Benefits of Selling a House for Cash?

Selling your house shouldn’t be stressful. There are options. There are benefits of selling a house for cash that most homeowners don’t consider. Owning a home allows one to build part of their financial security. As the ownership of this asset continues it builds equity. Once you decide to sell your home then this equity becomes available to you for whatever way you want to use it. The decision to sell your home brings with it several options. You can list through an agent or you can list it yourself. Then is one other option and that is selling your house for cash. Benefits of Selling a House for Cash If you have ever sold a home in the past you have the basic knowledge of the process. Most likely you went through this while using a realtor. While there are some advantages to this method there are also some negative aspects to it. Selling a house for cash means you don’t have to deal with the downside of selling a home in a conventional manner. Fewer Sel...
Post a Comment
Read more

For Sale By Owner Pros and Cons

Before listing a home on the real estate market, homeowners need to make one very important decision: who is going to actually sell the property. Deciding how to sell, either for sale by owner, with a realtor, or with a cash buyer, is a big issue. Selling a home can be a lengthy and complicated process for owners, so many choose to employ the services and expertise of a local real estate agent for assistance. Other homeowners feel confident in their ability to sell and decide to list a for sale by owner. While selling a house as the owner has enormous benefits, including selling for cash offer, it also comes with unappealing pitfalls for those inexperienced with the process. To avoid these disadvantages, homeowners must become familiar with the for sale by owner process and recognize both the pros and cons. Listing A For Sale By Owner When selling a house as the owner, it’s vital to start with pricing the property. Accurately pricing a house is easier said th...
Post a Comment
Read more