always easy to pull things together. Sometimes you just can’t find the right deal. You need to get the property for lower than it’s worth, or else you won't make any money...these properties aren’t always out there. As we’ve already discussed, you also need to have the right buyer...better yet, several. Even if you’ve got a great list of potential buyers, it’s possible that you don’t have anyone who wants the particular property you’ve found...even if it matches their criteria.
You’re subject to market volatility.
Everyone involved in any aspect of real estate has to deal with this one — it’s just the nature of the business.
MITIGATING THE RISKS
I’ve already mentioned a few ways to reduce your risks, but let’s go over them in more detail.
Create a great potential buyers list.
I know I’ve mentioned this a few times already, but this truly is the key to a successful wholesaling business. Again, you need names, contact info, and what kind of properties they’re looking for. And don’t forget to keep in touch with them and keep their preferences updated. Goals can self-motivate you: e.g., to get 1 new buyer per week who says, "Yes, send me deals."
Keep learning: school is never out.
Wholesaling (and investing) is a constant education. End buyers love receiving properties that really match their criteria, have
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