6 Figures Wholesaling Real Estate in only 1 year | Summary and Q&A

TL;DR

Learn the step-by-step process to make six figures in your first year of wholesaling real estate, including marketing strategies, acquisitions, and building cash buyers.

Key Insights

• 🔐 Consistency and patience are key in wholesaling real estate, as it takes time to build up leads and close deals.
• 🤘 Building rapport and learning how to talk to sellers is essential in getting contracts signed and closing deals.
• 🫥 It is important to consistently build a cash buyers list to ensure you have buyers lined up for your deals.
• 🏛️ Marketing, acquisitions, and building cash buyers are the three crucial aspects of wholesaling real estate.
• 🚠 Being knowledgeable about real estate is not as important as being able to connect with sellers and provide solutions to their problems.
• 👂 Government lists, such as probates and code violations, are recommended for finding motivated sellers with no budget.

Transcript

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Questions & Answers

Q: Do I need a different script for pre-foreclosures?

No, you can use the same script and ask if they are interested in selling their property for cash.

Q: How do I find government lists?

Visit the relevant government departments, such as the utility department for water shut-offs or the clerk of the court for probates, to request the lists.

Q: Can I wholesale as a minor?

Yes, you will need a parent or guardian's help, but it is possible to wholesale as a minor.

Q: What is the best strategy for the Phoenix market?

Virtual wholesaling is recommended, as the market can be competitive. Expand your search to surrounding areas for better opportunities.

Summary & Key Takeaways

• Making six figures in wholesaling real estate is easily attainable, as it breaks down to making $9,600 in profit per month.

• One deal per month is all you need to achieve this goal, and the average deal should be around $10,000.

• Government lists, such as probates, code violations, and fire damage properties, are recommended for finding motivated sellers with no budget.

• Driving for dollars and cold calling are effective strategies for finding deals and building a cash buyers list.