Pace Morby has made a living taking wholesale dead leads and turning ’em into profitable deals. He does this all over the country,
According to Pace:
“If you’re trying to get into real estate investing you know how challenging these leads can be.”
What is Wholesaling?
Real estate wholesaling is a strategy in which a wholesaler obtains a contract on a property with its seller, and in turn, sells the contract to an investor. Wholesalers start by looking for a discounted property to put under contract. Wholesalers will often look for distressed properties priced below market value.
The problem is that most sellers end up wanting way too much money for their house. They find the value of their homes on sites like Zillow or LoopNet. This means that most of the leads you acquire from methods like:
- cold calling
- running ads
- driving for dollars
…simply will not pan out.
Wholesaling Challenges
- Finding a deal in a ‘good’ neighborhood.
Unfortunately, most of the deals to be had will be in the less desirable parts of the city. - Finding good leads is hard.
In many ways, it’s like finding a needle in a haystack. - Rules and regulations are always changing.
Each state has its own set of rules and regulations related to real estate wholesaling. And to start a wholesaling business, you need to be well-versed in those rules and regulations. If you knowingly or even unknowingly break any of these rules, you might have to face consequences. - Don’t practice ‘real estate’ without a license!
As a wholesaler, you’re selling the contract and not the property. It’s crucial to know that when you put a property under contract, you become an “owner per contract” and you’re selling the contract and not the property as you’re not the owner. Understanding this can keep you out of trouble.
Pace Morby’s method is supposed to breathe life back into those “dead” leads.
Cost?
Pace Morby charges $7,800 dollars for the course.
While trying to decide if you have the right stuff to wholesale this may help.