How To Wholesale Houses Step by Step (Even When You’re Broke AF!)

TL;DR

Learn five options to start wholesaling with no money, including cold calling, driving for dollars, joint venturing, digital bandit science, and targeting specific lists such as code violations, tax delinquencies, probates, evictions, water shutoffs, fire-damaged properties, and public liens.

Transcript

are you broke right now and you want to get started on wholesaling and you feel like you have no options to get started I just got off a live presentation on my personal Rick and YouTube channel where I broke down the five options for anyone who wants to start wholesaling with absolutely no money at all no experience no cash no credit I have my med... Read More

Key Insights

• 💰 Wholesaling can be started with no money by utilizing options like cold calling, driving for dollars, joint venturing, and digital bandit science.
• 🪡 Basic tools needed for wholesaling include a cell phone and a computer.
• 👽 Targeting specific lists, such as code violations, tax delinquencies, probates, evictions, water shutoffs, fire-damaged properties, and public liens, can help identify motivated sellers.
• 🔬 It is important to gain experience and understanding of the wholesaling process before investing in marketing.
• 🥳 Joint venturing can be a beneficial option but requires a written agreement to protect both parties involved.
• 🤩 Persistence and overcoming objections are key factors in successfully wholesaling.

Questions & Answers

Q: Do I need money to start wholesaling?

No, you can start wholesaling with no money by utilizing options like cold calling, driving for dollars, joint venturing, and digital bandit science. These methods require minimal to no investment and can lead to successful wholesaling deals.

Q: What tools do I need to start wholesaling?

The two basic tools you need are a cell phone and a computer. While a car is preferred, it is not necessary to start wholesaling. It is possible to use a cheap smartphone and a basic computer to get started.

Q: How can I target motivated sellers without spending money?

You can target motivated sellers by focusing on specific lists such as code violations, tax delinquencies, probates, evictions, water shutoffs, fire-damaged properties, and public liens. These lists often include properties owned by sellers who need to sell quickly.

Q: Is it necessary to spend money on marketing for wholesaling?

It is not necessary to spend money on marketing when starting out in wholesaling. It is recommended to gain experience and understanding of the wholesaling process before investing in marketing. Once you have closed deals and generated profits, you can allocate some of the funds towards marketing to enhance your business.

Summary & Key Takeaways

• There are five options to start wholesaling with no money: cold calling, driving for dollars, joint venturing, digital bandit science, and targeting specific lists.

• Basic tools needed for wholesaling include a cell phone and a computer, with a car being preferred but not necessary.

• Wholesaling does not require a large investment, and it is recommended to gain experience with little to no money before spending on marketing.

• Code violations, tax delinquencies, probates, evictions, water shutoffs, fire-damaged properties, and public liens are potential lists to target for motivated sellers.