Sellers Are Desperate: 4 Tips to Wholesale Real Estate in 2023

Want to wholesale real estate? If so, you need to know how to pivot when the market quickly turns on itself. Last year, it was a buyer free-for-all, as sellers kept a tight grip on the housing market. Now with rising interest rates, buyers are back on top, and most sellers don’t even know what hit them! This is a perfect opportunity for real estate wholesalers to come in and snag deals at a steep discount. But, dangers are lurking that only expert investors, like James Dainard, know about.

Real estate wholesaling is what kept James afloat during the great recession and massive housing market crash of 2008. Even as an expert flipper, James knows that when times get tough wholesaling real estate is one of the best moves to make. But with so many buyers leaving the market and desperate sellers still needing to hand off their properties, how does a new wholesaler find the right deal for the right buyer?

If you’re looking to pivot either into wholesaling or change up your existing wholesaling strategy, you’ll need to follow a few rules of this new real estate market. The same prices, pro formas, and profit calculations won’t work in 2023 as they did in 2022. So, instead of getting burnt on your next assignment, heed James’ advice, and don’t make the common wholesaling mistakes!

00:00 Real Estate Wholesaling Explained
01:18 Pivoting in 2023
02:32 Back to a Buyer's Market
04:47 Build a STRONG Buyers List
07:42 Perfect Your Pro Forma
10:42 Move Your Marketing Money
14:39 Change How You Wholesale!

~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/match?utm_source=owned_media
~~~~
Check out Last Week’s Episode on Flipping in 2023:
https://youtu.be/-ECZjktS3Nc
~~~~
Learn More from James:
https://jamesdainard.com/
~~~~
The Newbie’s Guide to Wholesaling in 7 Simple Steps:
https://www.biggerpockets.com/blog/newbie-guide-to-wholesaling?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
How to Build a $100K/Month Real Estate Wholesaling Business:
https://www.biggerpockets.com/blog/biggerpockets-business-podcast-15?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
It’s Becoming A Buyer’s Market, But It’s Still Not Easy To Buy:
https://www.biggerpockets.com/blog/its-hard-to-buy-in-this-buyers-market?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Subscribe to ProjectRE with James Dainard:
https://www.youtube.com/channel/UCEn-t8zRFsGeI4b8X3cX71A
~~~~
Follow James on Instagram:
https://www.instagram.com/jdainflips/ or @jdainflips
~~~~
Connect with James on BiggerPockets:
https://www.biggerpockets.com/users/heaton?utm_source=youtube&utm_medium=description&utm_campaign=none