How to Make $20,000+ in 9 Days | Wholesaling Real Estate VLOG #011

TL;DR

The video showcases a real estate wholesaling deal where the speaker made $20,000 in just nine days through direct mail leads and a strong cash buyers list.

Transcript

that's right guys behind me is the title company and that is right made about 20 000 on this real estate assignment deal and usually i get these just wired to me i've been actually telling the title company actually i'll go pick them up because it gives me an excuse to get out of the house our acquisitions team basically goes on all appointments so... Read More

Key Insights

• 👨‍💼 Real estate wholesaling can be a lucrative business, with the potential to make significant profits in a short amount of time.
• ⚖️ Delegating tasks is essential for scaling up and reducing workload.
• 🥺 A strong cash buyers list can lead to faster and more profitable wholesale deals.
• 🥶 Free strategies, such as pulling government lists and cold calling, can be effective in finding wholesale deals without a large marketing budget.
• 👨‍💼 Taking action and consistently reaching out to sellers is crucial in the wholesaling business.
• 😤 Having the right team and systems in place can allow wholesalers to work fewer hours and still make significant profits.
• 👯 Wholesaling can be successful even in smaller markets, as demonstrated by the speaker's experience in a city with less than 200,000 people.

Questions & Answers

Q: How did the speaker find this real estate wholesale deal?

The deal was found through a direct mail lead. A postcard was sent to the property, and the speaker's acquisitions team handled the call and negotiation process.

Q: What role did the cash buyers list play in this deal?

The speaker has a strong cash buyers list, which enabled them to quickly assign the contract and close the deal within nine days. The cash buyers were eager to purchase properties at a discount.

Q: Did the speaker have any personal involvement in finding the deal?

No, the speaker mentioned that their acquisitions team handled the entire process, from marketing to negotiation. The speaker's main role was to drive by and pick up the assignment check.

Q: How can someone replicate this success without a large budget for marketing?

The speaker suggests using free strategies, such as pulling government lists for pre-foreclosures, evictions, code violations, and probates. Cold calling can also be an effective way to connect with motivated sellers.

Summary & Key Takeaways

• The speaker made a $20,000 profit on a real estate wholesale deal in just nine days.

• The deal was found through a direct mail lead and involved a property in need of minimal repairs.

• Delegation and a strong cash buyers list contributed to the success of the deal.