How To Start Wholesaling In 30 Days! | Summary and Q&A

TL;DR

Learn how to start wholesaling real estate within 30 days by driving for dollars, building a niche list, and reaching out to potential sellers.

Key Insights

• 🏠 Starting wholesaling requires dedication and hard work, but it is possible to succeed if you don't give up.
• 🚗 Driving for dollars is a crucial step in finding potential properties to wholesale. Look for distressed houses that indicate high motivation to sell.
• 📝 Write down the addresses of promising properties you find during your driving for dollars sessions. This list will be the foundation of your lead generation efforts.
• 📞 Once you have a list of properties, skip trace the owners to find their contact information. You can use websites like AriasKip.com to obtain their phone numbers.
• ✉️ Send handwritten postcards to the property owners expressing your interest in buying their houses. Make sure to provide your contact information and politely ask them to get in touch.
• ☎️ Follow up with potential sellers by either calling or texting them after you have made initial contact. The goal is to get them on the phone or set up an appointment to meet in person. ⏰ Consistency is key in wholesaling, so continue driving for dollars regularly. The more you do it, the higher your chances of finding a deal.
• 💼 Once you have a property under contract, list it on the BiggerPockets marketplace to find a buyer. Once you have a buyer, you can expect to receive your payment soon.

Transcript

what's up guys this is Nasser Elaraby with BiggerPockets today we're going to talk about how to start hole selling in 30 days what we're going to do is we're gonna get under the hood of wholesale so you can take action and get out there and try to get your deal within 30 days but before we do that please Rock that like button comment and subscribe ... Read More

Questions & Answers

Q: How can driving for dollars help in finding potential wholesale deals?

Driving for dollars involves exploring neighborhoods and identifying distressed properties that could be potential wholesale deals. By physically visiting these properties, you can gather information and contact details to reach out to the owners.

Q: Why is skiptracing important in the wholesaling process?

Skiptracing allows you to find contact information for the property owners identified during your driving for dollars process. This step is crucial for reaching out to potential sellers and starting negotiations.

Q: What is a niche list, and why is it important?

A niche list is a list of addresses of distressed properties with high motivation to sell. By creating this list, you can focus your efforts on properties that are more likely to result in successful wholesale deals.

Q: How can handwritten postcards be effective in wholesaling?

Handwritten postcards can be an effective way to grab the attention of potential sellers. By personalizing the message and including your contact information, you increase the chances of getting a response from interested sellers.

Q: How often should you drive for dollars and reach out to potential sellers?

It is recommended to drive for dollars at least once a week to continuously find new potential wholesale deals. However, the frequency can be increased if you have more time available. The goal is to increase your chances of finding a deal within 30 days.

Summary & Key Takeaways

• The video provides step-by-step guidance on how to start wholesaling real estate within 30 days.

• The first step is to drive for dollars and look for distressed properties in any neighborhood.

• Once you have a list of addresses, skiptrace the list, reach out to potential sellers, and set up appointments to negotiate deals.