How to buy real estate at wholesale prices and successfully sell at a profit

When buying a wholesale property there are two qualifiers that you need to be looking for. The first is a motivated seller. There are many reasons why a seller might be highly motivated to sell their property. Maybe the seller is about to go into foreclosure and needs to get the property off of their hands. Perhaps they are going through a divorce or maybe a loved one has passed and the executor of the estate is attempting to sell the property. Whatever the reason, there is no shortage of motivated sellers out there that are willing to part with a property for much less than the properties market value. The most common scenario in today’s market is one in which the seller is about to go into foreclosure or is already in pre-foreclosure due to foreclosures being at an all time high right now. This is due to all the adjustable rate mortgages that people signed with sub-prime lenders during the housing boom 2-3 years ago. These home owner’s mortgages are hitting their cabo realty adjustment phase, and many can no longer afford their monthly payments. In many cases these home owners are desperate and looking for someone to come along and rescue them out of their situation. That’s where you come in.

But first things first. How do I find these motivated sellers you ask? Personally, I place ads in my local newspaper and on various websites such as and letting people know that I am looking to buy homes. I put signs around my local area and I even have those cheesy magnetic signs on my truck. Believe if or not, the magnetic signs do work. I also look in those same newspapers and same websites to see if I can find a motivated seller advertising their home as well as any FSBO (For Sale By Owner) websites. I also drive around various areas in my city looking for vacant, distressed, for rent, and FSBO properties. And in doing all of this research and advertising, I get quite a few deals each month.