What Is Virtual Wholesaling? | Wholesaling Quickies

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If you’re new to my channel my name is RJ Bates III. Myself and my partner Cassi DeHaas are the founders of Titanium Investments.

We are nationwide virtual wholesalers and on this channel we share EVERYTHING that we do inside our business. So if you’re looking to close more deals - at higher assignments - anywhere in the country… You’re in the right place.

Who is Titanium Investments and What Have We Accomplished?

Over 10 years in the real estate investing business
Closed deals in all 50 states
​Owned rentals in 12 states
​Flipped houses in 11 states
​Closed on over 2,000 properties
​125 contracts in 50 days (all live on YouTube)
​Back to back Closers Olympics Champion
Trained thousands of wholesalers to close more deals

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With over 2,000 Videos, this is the #1 channel on YouTube for all things Virtual Wholesaling. SUBSCRIBE NOW!    https://www.youtube.com/@RJBatesIII

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RESOURCES FOR YOU:

If you want my team and I to walk you through how to build or scale your virtual wholesaling business from A to Z, click here to learn more about Titanium University: https://www.titaniumu.com

(FREE) If you want to learn how to close deals just like me, The King Closer, then download the free King Closer Formula PDF: https://www.kingclosersformula.com/close

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(FREE) Click here to grab our Titanium fleet free PDF & training: Our battle tested strategies and tools that we actually use… and are proven to work: https://www.kingclosersformula.com/fleet

Grab the King Closer Blueprint: My Step by Step Sales Process for closing over 2,000 deals (Only $37): https://www.kingclosersformula.com/kcblueprint

Grab Titanium Profits: Our exact system we use to comp and underwrite deals in only 4 minutes. (Only $99) https://www.kingclosersformula.com/titaniumprofits

Want to know what the best markets to wholesale in are? Grab my breakdown of all 50 states here: https://www.titaniumu.com/markets

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Episode Transcript

Speaker 1 (00:00):
Welcome to Wholesale and Quickies, where I'm going to
try to give you as muchinformation about wholesaling as
I can in less than five minutes, because you don't have an
attention span.
What is virtual wholesaling?
Virtual wholesaling is when yougo out and you find a seller

(00:27):
who is motivated enough to sellone of the largest assets that
they're going to own in theirlife for a discount.
Now, who would be interested inselling a property for a
discount?
Well, there's many differentreasons.
Sometimes it's because it'sjust a vacant property.
Maybe they inherited it, maybethey have financial distress, or
maybe the property itself isphysically distressed.
There's a lot of differentreasons as to why someone would

(00:49):
be motivated enough to sell usproperty for a discount.
Now, how do we find thesepeople?
Through our marketing efforts.
Now, here at Titanium, we liketo use what's called PPL pay per
lead.
This comes from cold callefforts, google pay-per-click,
facebook ads, things along thoselines.
Now you can also do direct mail, cold calling yourself, sms,

(01:11):
bandit signs, door knocking,whatever you need to do to get
in contact with these motivatedsellers.
That's your job as a wholesaler.
Now, once you make contact withthem and you identify that this
is a property that they willsell for a discount, it's your
job to make sure that it's goingto be profitable for your end
buyer, the person who is goingto purchase this.

(01:33):
By this I mean this blank pieceof paper that we're going to
pretend is a contract.
So what we're going to do iswe're going to go to the seller
and we're going to say Mr andMrs Seller, I'll give you
$110,000 for this property.
They're going to sign thiscontract.
We're then going to go to ourend buyer, flipper, landlord,

(01:53):
some sort of an investor.
We're going to say Mr Investor,I will assign my equitable
interest in this purchaseagreement to you for a fee.
That's called our assignmentfee.
This is what wholesaling is.
It is not selling properties,it's selling paper.
It's selling that equitableinterest that we get when we get

(02:16):
this signed contract with themotivated seller.
This is very important.
We want to make sure that we'reusing the correct language,
that we're not sellingproperties, that we're selling
our equitable interests.
So we find the motivated seller, we get them to sign a contract
.
We then find an investor toassign our rights to that

(02:37):
contract to that investor for afee Once the property closes,
whatever the difference is,that's what we make.
So if I agree to give theseller $100,000 and then I get
an investor that will buy thiscontract from me for $110,000,
once the property closes, Ireceive a check at closing for

(02:58):
$10,000.
This is wholesaling.
Now what makes it virtualwholesaling?
I never leave my office here inFort Worth, texas.
I do everything right here onthe phone and on my computer,
including talking to sellers andfinding the end investors.
Now some people will go out andthey'll see the properties,
they'll walk the properties,they'll get pictures and do all

(03:20):
of that.
That's not virtual wholesaling.
I believe in running a highlyefficient wholesaling operation
and we do that by never leavingthis office and doing everything
over the phone and through acomputer.
Now I know you have a shortattention span.
That's why I'm making this veryshort and condensed version of
how to wholesale from A to Z.
If you want to learn more aboutthis, you can watch this much

(03:42):
longer video right here thatgives every little detail of how
to virtually wholesale.
Appreciate it, guys.
We'll see you on the next one.