How to Get Your First Wholesale Deal Fast
A lot of people just need to do one wholesale deal for their life to change.
Some people just need to see the money and physically get a check for them to realize the speed and kind of money you can make with real estate.
If you really get after it and do the right things everyday, doing your first deal does not need to take long at all.
Find and build a solid list of motivated sellers. These could be distressed property owners, absentee landlords, or people facing foreclosure.
Go drive for dollars for hundreds of houses a day, add them all to a list with an app like Dealmachine, knock on their doors, leave a flyer or postcard if they don’t answer, and skiptrace their number and cold call them.
Cold calling is one of the best and fastest ways to start conversations with sellers. When you call on these people act as if you’re an expert, ask the right questions, and sift through all the unqualified sellers quickly to find out who’s actually motivated to sell at a deep discount.
Once you’ve identified a potential deal, calculate the property’s ARV (After Repair Value) to make there’s room for profit and negotiating a good deal with the seller. Typically no more than 70% of the ARV.
Then find a cash buyer so you can paid an assignment fee! Real Estate Skool, Facebook groups, and networking events are great places to connect with buyers who are ready to close quickly.
The key to success is consistently taking massive action. Do massive numbers, get real experience, and try to level up your skillset so you can do more in less time.
If you wanna do your first deal, join the best real estate team in the country to get the help you need. We got coaching calls 3x a week, JV opportunities, tons of videos to learn the best working strategies out there, and any question you have along the way answered in the group feed.
Responses