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Investing Strategies

Virtual Wholesaling: A Step-by-Step Checklist

Want our step-by-step formula for flipping houses from your cell phone? Get it here.

(Note: Want the best system for fixing and flipping houses in the world? This brand new report exposes our step-by-step formula for wholesaling houses site-unseen in ANY area of the country … all from the comfort of your cell phone! Learn more.)

homeHave you ever dreamed of sitting in your living room (pants optional) and flipping houses from your laptop?  Today you’re going to learn how anyone can easily flip houses while relaxing in their own home.   

I know it sounds a little too good to be true, right?  I mean how can anyone run a successful real estate wholesaling business from their couch?  

With inventory shrinking and competition growing in some markets, experienced real estate investors are looking all across the country for deals.  One man has created an extremely straightforward and easy-to-implement process for wholesaling houses virtually.  It’s so easy a child could do it.

Meet Cris Chico

Cris Chico is successful real estate investor in Florida who specializes in wholesaling both locally and in long distance markets.  Over the last two years, Cris has successfully flipped 116 properties and generated over $1,452,108 in profits.  Rarely does he ever personally inspect any of the properties that he flips or meet with any buyers/sellers. In fact, most of the markets in which Cris operates are located thousands of miles away.

Cris Chico is indeed one of the pioneers of Virtual Wholesaling, and he is consistently closing deals each and every month all across the United States.  

Yes, Cris is Wicked Smaht

Below is Cris Chico’s Virtual Wholesaling strategy, laid out in the form of an easy-to-follow checklist.  Follow the steps below and you will be wholesaling houses from the comfort of your La-Z-Boy in no time.

  • checklistStep 1: Choose your real estate market (start local)
  • Step 2: Find motivated buyers and sellers online (purchase a list)
  • Step 3: Create your mailing campaign
  • Step 4: Send out your postcards (I would only do no more than, 1,000 for your first time, you may get inundated with calls)
  • Step 5: Speak with the sellers that left messages, negotiate price and terms and put the property under contract with an inspection period
  • Step 6: Mark-up the price of the property so that you can make an assignment fee
  • Step 7: Find a buyer (post on your website, and then send a direct mail campaign to buyers)
  • Step 8: Assign your contract to a buyer
  • Step 9: Follow-up with all parties and make sure the deal closes
  • Step 10: Collect your check (mail or direct deposit)

Note #1: If you are not able to sell the property (assign it to a buyer), you’ll simply cancel the contract with the seller.

Note #2: As an additional bonus, Mogul Elite members can download a supplemental analysis of all the “Killer Resources” Cris uses each day to operate his business.  (Just click the PDF link for “Killer Resources Chico Loves”, located on the right-hand side of your screen!)  Inside this supplemental file, Cris describes all the resources you need to get your own virtual wholesaling business up and going. 

This sample checklist and supplemental file should give you a good idea of all of the moving pieces related to Chico’s virtual wholesaling business.  His process has been proven to work by many of his students – but it requires some time to implement the process.

Once all of the pieces are in place, you too can run your own virtual wholesaling business with very little work.  In fact you can automate the process and have a Virtual Assistant do 90% of the work for you.  For most people it will take around 2 to 4 weeks to put all of the pieces in place and start marketing. 

questionWhat it Takes to be Successful with Virtual Wholesaling

To be successful with virtual wholesaling don’t need a fancy degree or even a ton of experience.  But you do need one thing more than anything else: You need to be prepared to work really, really hard.  

Real estate investing can be very rewarding, but it’s going to take work.  Most people who buy real estate investing courses do not realize that it’s going to take some time to implement all of the steps – and they end up quitting.  Yes, you can automate everything and live the 4-hour workweek lifestyle, but this can only be achieved after you have put in hard work to achieve it.

Most successful real estate investors I know have failed several times.  Instead of getting discouraged and quitting, they learn from their experience.  Knowledge gained is valuable, and being able to overcome hardship is imperative to achieving success.

Another quality of a successful investor is the willingness/ability to act, despite not knowing all the facts.  The vast majority of people become paralyzed in the face of imperfect information, because they want to make sure everything is 100% perfect before they ever do anything.  The cold hard truth is this: Nothing will ever going to be perfect and the timing is never going to be “just right”.

So you must be diligent, and make sure you do your best to minimize potential mistakes... But at some point, you just have just make it happen.  Ready, Fire, Aim!


Do It To It! Immediate Action Steps

Start Local – If you are new to the virtual wholesaling business, remember to “start local” when choosing your target market(s).

Use the Checklist – Use Cris Chico’s Virtual Wholesaling Checklist to begin wholesaling from the comfort of your own home.    

Work Hard & Proactively – Although you will be working from home, be prepared to work really, really hard…and don’t allow yourself to become paralyzed in the face of imperfect information.

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