How to get your first wholesale deal 30 days with no money
Getting your first wholesale deal is not always easy. If you missed the story about how Brandon made 15k by doing literally 1 hour of work for me, check it out. What he did was by accident. He got lucky. Fell into a goldmine, as one might say. I’m going to teach you how to be proactive and show you how you can get involved in wholesale deals right away, and get paid handsomely for your efforts.
First, you need to understand the basics of wholesaling real estate. If you get the concept already, great. Don’t worry about coming up with a business name, the perfect logo or memorizing a phone script. Don’t worry about purchase agreement templates (asking nicely and I’ll provide this!), building a huge buyers list and finding title companies. You’re over thinking it. These things are important, but the more time you spend thinking about every little detail, the more time you have wasted getting your first wholesale deal.
I’ll never forget this: “If you have a really good deal, everything else will fall into place. The buyers will find you”
This is so true. Spend your time and effort finding a good deal. So how do you get started? Glad you asked!
If you have some money set aside (at least $2,000), you can start with paid marketing. Remember, nothing is guaranteed with paid marketing, but this will give you more leads, quicker. If this is your life savings, do not spend it on marketing. If you are ok with potentially losing the $2,000 and it won’t put you into financial distress if you do, I would start here. With that budget, you should be able to generate enough leads to get a contract. But again, nothing is a guarantee.
Paid marketing comes in many shapes and sizes. There is direct mail, PPC, Facebook ads, bandit signs, radio ads (advanced) and other forms for digital marketing. My suggestion is start with direct mail or bandit signs. Direct mail is more expensive but it will get your phone ringing with seller leads. Bandit signs are easier on the wallet but require a lot more work putting them up. For more on doing your first paid marketing campaign, continue reading here.
If you don’t have any money set aside, not to worry. There is still hope for you! You can still get your first wholesale deal in less than 30 days with no money. Will it be easy? Probably not. This is where you might need to have a come to Jesus moment. A mindset shift.
If you have a full time job, expect to work 12 hour weeks. Remember, you are doing this to get your first deal in a week. You can bust it for a week to earn a nice wholesaling check, right?
Here is what you are going to do.
1) Driving for Dollars. This is simply the process of driving around neighborhoods and looking for potential houses to wholesale. You leave a note at their door with your phone number. To get callbacks, you’ll need to cover a lot of ground. Aim for 100 houses in your first week.
2) Network like Crazy. Make as many connections with wholesalers, flippers, agents and anyone else that is actively doing deals in your area. Tell them you are anxious about getting started. Tell them you are willing to do anything to help them in their business. Find large wholesalers and flippers who are too busy to handle all of their leads and ask if you can step in and help.
I wrote a short ebook on networking with real estate agents as a great way to get leads quickly. Do this AND what I’m about to teach you to double down on your lead flow!
Download my FREE ebook >>>>> Network With Agents, Get Rich Wholesaling and Flipping Houses
3) Look for Ads. Use Facebook Marketplace and Craigslist. You can start with FSBO ads, but you get very far. These poor sellers are being bombarded by agents trying to get listings and investors submitting low ball offers. I’m not suggesting don’t do it, you can still get deals with FSBO. Instead, search for estate sales. Many times, there is or will be a house for sale when there is an estate sale. These leads do not get spammed as often as the FSBO leads. You may get lucky and a deal here.
I just gave you the high level to-do list, now you need the step by step blue print. The minutiae. That’s right, I’m going to tell you exactly what to do, for the next 30 days, to get that first wholesale deal. In order to do this in 30 days or less, we need to hustle hard and hustle fast. With no money. Disclaimer: You will need some gas money and an internet connection, so hopefully you have some loose change in that piggy bank.
I wish someone would have put this guide together for me when I first started out. I don’t know why something like this didn’t exist before. All the “guru’s” sell coaching and give you exclusive access to scripts, contracts, etc. That’s all fine and dandy but why can’t someone just put together a step by step guide and tell you exactly what do to?
Well, here it is. I’ve done exactly that. Follow these steps and you can lock up your first contract in 30 days or less. Believe me, it will all be worth it when you pick up that first check for 5, 10 or even 20k!
Related: How I Built a Million Dollar Wholesaling Business (in less than a year)