112: House Flipping More Profitable Than Wholesaling Real Estate?

Are you tempted to borrow private money and flip a house?

Today I interviewed a house flipper who transitioned to full time wholesaling.

You'll be surprised to hear why he chooses wholesaling real estate as his business model of choice after 20 years in the business.

Summary

Matt DuPre shares his journey in wholesaling real estate, starting with accidental discovery and transitioning from fix and flipping. He discusses the effectiveness of direct mail and using DealMachine for marketing. Matt also explains how he finds buyers for his wholesale deals and offers advice for those starting out in wholesaling. He emphasizes the importance of belief and perseverance in the industry and offers support to new wholesalers.

Takeaways

• Wholesaling can be a profitable alternative to fix and flipping, allowing for quicker and less risky transactions.

• Direct mail can be an effective marketing strategy in wholesaling, especially when combined with other channels like texting and cold calling.

• Cash buyers lists and social media platforms like Facebook can help find buyers for wholesale deals.

• Belief and perseverance are key in succeeding as a wholesaler, and it's important to adapt to market changes and buyer preferences.

• Support and guidance from experienced wholesalers can be valuable for those starting out in the industry.

Chapters

00:00 Introduction and Background

02:21 Discovering Wholesaling as an Alternative to Fix and Flipping

05:19 Earning Higher Assignment Fees in Wholesaling

07:48 Marketing Strategies and Finding Motivated Sellers

10:11 The Effectiveness of Direct Mail in Wholesaling

12:18 Using Deal Machine for Data and Marketing

13:37 Finding Buyers for Wholesale Deals

15:43 Using Cash Buyers Lists to Sell Wholesale Deals

17:24 Adapting to Market Changes and Buyer Preferences

21:30 Transitioning from Fix and Flipping to Wholesaling

22:18 Finding Buyers for Wholesale Deals

24:03 Advice for Starting Out in Wholesaling

26:02 Balancing Wholesaling with a Full-Time Job

27:57 Using Social Media to Connect with Others in the Industry

29:40 Offering Support and Guidance to New Wholesalers

29:59 Conclusion