How to Get Your First Wholesale Deal in 30 Days
A no-fluff 30-day action plan that gets total beginners their first wholesale deal.
What you'll learn
A no-fluff 30-day action plan that gets total beginners their first wholesale deal.
Key points from this tutorial
- Day 1-5: Find Your Market — First five days: pick one county. Drive for dollars. Find distressed houses. Put up bandit signs. Simple.
- Day 6-10: Build Your List — Next five days: build a list of 100 target properties. Get owner names and numbers. Skip trace them.
- Day 11-15: Make Contact — Days 11 to 15: call 20 owners every day. Use a simple script: 'Hi, I'm looking to buy houses. You want to sell?' Get appointments.
- Day 16-20: Walk the Property — Days 16 to 20: walk every property you can. Estimate repairs. Calculate after repair value. Know your numbers.
- Day 21-25: Make Offers — Days 21 to 25: make offers. Offer 70% of after repair value minus repairs. Be bold. You'll get rejected. Keep going.
- Day 26-30: Assign the Contract — Last five days: get a contract signed. Then find a cash buyer. Assign the contract. Collect your fee. You just did your first deal.
First 30-day plan
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Frequently Asked Questions
What is wholesale real estate?
Wholesaling is finding a great deal on a property, getting it under contract, then assigning that contract to a cash buyer for a fee. You don't need money or credit.
How much money do I need to start wholesaling?
You can start with less than $100. You need money for driving, phone calls, and maybe some direct mail. No big capital required.
How do I find cash buyers?
Look for 'we buy houses' signs, join local real estate investor groups on Facebook, or ask title companies for referrals. Build a list of at least 10 buyers.