Did you know that wholesaling listed properties is different than wholesaling houses from a private seller?
Well, it most definitely is…
Hey Moguls, Steph Davis here, and I get a LOT of questions about a listed properties… like which ones to go after and how to go about it.
And by ‘listed,’ I mean MLS.
So let me start off by saying that I'm very picky and I have a very specific type of listed property that I look for…
Why?
Because in my market, it's extremely competitive. I don't make a lot of offers on MLS deals—I do every now and again—and every now and again I get one.
But, you can still do these deals successfully in many places across the country…
So, let’s dive into these high-level tidbits about making offers on listed properties.
The Contract
You can’t use your own contract when making offers on listed properties.
You have to use the state-approved Board…
Steph Davis
started wholesaling in October of 2006. At the time, she had been stuck at a job bartending for the past 10+ years. She was broke and miserable, and desperately wanted out of the bar scene, which I had been stuck in for the last 10+ years.
She ended up closing four wholesale deals by the end of 2006.
Since then, she's closed more deals than she can count, has written two best selling wholesaling courses (Flip This REO and The Cash Buyer Ninja) and continues to teach others how to wholesale with videos, interviews, and as much useful information as she possibly can, because she knows what it’s like to be a broke beginner, struggling to get that first deal.