How To Get 10 SIGNED CONTRACTS in 30 DAYS Wholesaling Real Estate (Without Spending Money) | Summary and Q&A

TL;DR

Learn how to scale up your wholesaling business and achieve consistent success by focusing on one deal at a time and increasing your number of contacts.

Key Insights

• #️⃣ The key to success in wholesaling is to focus on one deal at a time and consistently increase your number of contacts to find motivated sellers.
• 💌 Direct mail is a powerful marketing strategy for wholesaling and can help you scale up your business quickly, but it does require a budget and a systematic approach.
• 💦 It's important to double down on what works and consistently work on converting your contacts into offers to increase your chances of success in wholesaling.
• 😑 Finding motivated sellers is crucial and targeting lists such as code violations, fire damage properties, or pre-foreclosures can help you find sellers who are more likely to be motivated to sell quickly.

Transcript

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Questions & Answers

Q: What is the key to getting 10 signed contracts in 30 days?

The key is to focus on one deal at a time and increase the number of contacts you make to find motivated sellers. By consistently working on converting these contacts into offers, you can achieve your goal.

Q: How do you find motivated sellers?

Look for sellers who need to sell their properties, such as those with code violations, fire damage, or facing foreclosure. These sellers are more likely to be motivated to sell quickly.

Q: Is direct mail a good strategy for scaling up in wholesaling?

Yes, direct mail is like "steroids" for wholesaling and can help you get more deals quickly. However, it does come at a cost, so it's important to have a plan, budget, and a systematic approach to make it work effectively.

Q: What should I do if I have no money to invest in wholesale marketing?

Start with low-cost or free marketing strategies, such as calling government lists or doing reverse driving for dollars. Once you get your first deal and have some money, reinvest it into marketing, such as direct mail, to scale up your business.

Summary & Key Takeaways

• The key to success in wholesaling is focusing on one deal a month and consistently increasing the number of contacts you make to find motivated sellers.

• To get that first deal, market to highly motivated sellers who need to sell their properties, such as those with code violations, fire damage, or facing foreclosure.

• Once you have some money from your first deal, reinvest it into direct mail, which is like "steroids" for wholesaling and can help you get more deals quickly.

• Double down on what works and consistently work on converting your contacts into offers to increase your chances of success in wholesaling.