ZERO TO HERO: Your First Real Estate Wholesale Deal — From Finding Leads to Getting Paid!
Hey everyone!
I'm Ali, and I've been working in U.S. real estate wholesaling for the past year.
I strongly believe in networking, sharing knowledge, and growing together. So here's a simple roadmap for anyone looking to get started in wholesaling, even with little to no budget!
1. Find Your Leads (FREE)
- PropWire: Find potential off-market property leads.
- County Websites: Use public records to identify potential motivated sellers.
- Ninja Skip Tracing: Explore the free tier, which may offer around 60 skip traces without requiring a credit card.
2. Use Zillow as Another Lead Source
- Focus on ONE state initially.
- Visit Zillow's For Sale By Owner (FSBO) section.
- Find potential sellers and their contact information.
- You can also contact agents about their listed properties.
3. Contact Sellers & Make Offers
- Use a dialer to call potential sellers.
- Email can work for agent-listed properties.
- Understand the seller's situation and negotiate.
- Use the 70% rule as an initial reference, but calculate your offer using comps, repairs, and your end buyer's numbers.
4. Get the Property Under Contract
- Negotiate the purchase price.
- Sign a purchase agreement.
- Include an appropriate assignment clause.
- Make sure your contract complies with local laws.
5. Find Your Cash Buyer
Some free ways to find buyers:
- Facebook Real Estate Groups.
- Craigslist.
- InvestorBase.
- JV partnerships with other wholesalers.
- Networking with established investors who already have cash buyers.
6. Close the Deal & Get Paid
- Send the contract to a wholesale-friendly title company.
- Prepare the assignment agreement if applicable.
- Let the title company coordinate closing.
- Once the transaction closes, receive your agreed assignment fee!
The Process:
Lead Generation → Skip Tracing → Seller Outreach → Negotiation → Contract → Cash Buyer → Assignment → Title Company → Closing → Getting Paid!
LET'S CONNECT & GROW TOGETHER!
I'm Ali, with one year of experience in wholesaling, and I'm always interested in connecting with new and experienced wholesalers, cash buyers, investors, and JV partners.
I believe the best way to grow in this business is by building strong relationships and helping each other.
If anyone needs help with lead generation, skip tracing, seller outreach, contracts, finding buyers, or any other part of wholesaling, feel free to reach out!
I'm always happy to share knowledge, exchange ideas, and help wherever I can.
Let's build connections, share opportunities, and close more deals together!