In this post, you learn how to make consistent money real estate wholesale.
Traditionally, real estate wholesale is the art and science of finding deeply discounted properties for cash buyers.
But on face value in today’s market, that’s a very expensive business model compared to what you see in the image below.
So when I started back in 2005, all I had to do was drop 100 pieces of letter in direct mail to pre-foreclosure
I was closing wholesale real estate deals back to back.
But due to the combination of more marketing channel option (thanks to digital marketing for real estate investors)
And more than 500 people joining the real estate wholesale game daily in any market (thanks to the gurus)
Therefore Direct mail is now considered overpriced.
Also the gurus are, of course, coming up with more gimmicky marketing strategies like:
- Driving for dollars and even…
- Virtual driving for dollars
…and even old-school outreach and marketing strategies like door knocking and cold-calling.
I am not saying that people don’t get lucky with these strategies but if you value:
- Your time,
- Business scaling and
Then it will become clear to you that these are probably even more expensive than direct mailing.
So if you don’t believe me bookmark this page, try those strategies consistently for 30 days and keep doing it if it works.
And if not, come back here to learn how to market and scale the smart real estate wholesaling way.
So, What is Smart Real Estate Wholesaling?
With this method, you will get to skip 80% of the traditional hustle of finding motivated sellers since others are already doing it….
So what you do is focus on building and monetizing a list of potential buyers and investors
…who want to invest in buying and hold rental properties.
Have you heard of the 1% rule?
They usually can afford to buy the property at any price as long as the rent in the area is at least 1% of the price.
But in traditional real estate wholesaling, you were supposed to depend on ready made cash buyers to buy the deals you find.
And it doesn’t work for the most part.
Those buyers are supposed to buy anything discounted at 65% or below adjusted with repair cost estimate.
See www.DealEstimator.com on how that works.
It’s a free tool and calculator.
The truth is that cash buyers can usually be full of it and they are the first to stop buying in a crisis.
So the last thing you want to be is a cash buyer employee
…which means you are at the mercy of their interpretation of the market.
So… Here are the 3 tips for wholesale real estate, the smart way…
- TIP #1
Build your own buyer’s list
- 2ND TIP
Then get paid for sharing real estate investing education with your list,
- TIP #3 – And collect money again if and when they decide to buy a deal.
Below is a question for us to address with this lesson…
“Is this a good deal for a buy and hold investor?
ARV $150k (How to calculate ARVs with FREE Comps)
Wholesale fee included
Rent in the area is $1,350-$1,400”
Enjoy the video.
Are you STRUGGLING in launching or... GROWING your Real Estate Investing & Wholesaling business?- FREE BOOK ($97 Value)Are you having a difficult time generating motivated sellers, qualified buyers and closing your 1st or NEXT deal? Is your dream to build an empire to sustainable heights heading down the drains? Smart Real Estate Wholesaling PLUS BONUS BOOK "Real Estate Money Secrets" ...and he is giving away a limited amount of both books for free ($97 Value) for a limited time. Would you like the secrets of learning, earning and building your lifestyle, business and real estate empire simultaneously with leveraged and minimal effort? This book is your gateway to 10X and may be even 100X your business and income using the art and science of attraction. Smart Real Estate Wholesaling also serves as a manual for all types of businesses, aspiring and experienced entrepreneurs. In addition to the download of these 2 books, I will also give you exclusive access to a free bonus an optional million dollar opportunity to be coached and mentored by OLA personally. Simply tell us your email address below and the book access will be instantly sent to you. You will have options for Paperback sent to you as well as Kindle or PDF downloads.
Padilla 5.0 out of 5 stars ⭐⭐⭐⭐⭐ Awesome book!!
Cliff R. 4.0 out of 5 stars ⭐⭐⭐⭐ Full of actionable, useful information for sure.
The author does an excellent job of cutting through much of the real estate wholesaling BS that is prevalent in the market. That is to say while most gurus are teaching what they DO NOT DO, Ola outlines steps of creating value at the center of your marketing. His down to earth delivery just makes sense. He speaks of leveraging technology, the importance of multiple income streams, and an overview of the real estate wholesaling business in the new age of business marketing. For example, he mentions that many people don't even like their family members stopping by unannounced, so how can you expect them to be ultra receptive to a stranger popping up looking to capitalize on a misfortune. Of course that's not how the "Door Knocking" conversation would be framed, but that's exactly what it is. All in all I enjoyed the read and if you plan on making action your focus, you will too.
Brian Ellwood 5.0 out of 5 stars ⭐⭐⭐⭐⭐ Solid Advice From Someone Who's Been There
Ola is a legit real estate investor and marketer. He's a real student of wholesaling and marketing - his approach to marketing for wholesale deals - ADD VALUE - is recession proof and feels right. Don't pass up this book!
Melton Thomas 5.0 out of 5 stars ⭐⭐⭐⭐⭐ A true mindset shift!
As a virtual real estate wholesaler and investor, it makes sense to me to optimize my approach and use technology to drive. This book gave me a clear, concise framework that I could leverage and implement!
stacy 5.0 out of 5 stars ⭐⭐⭐⭐⭐ Amazing
This book is amazing and very beneficial. The author is very knowledgeable on the concepts at hand. Definitely a great book to read.
How much do real estate wholesalers make?
It depends but particularly on how much of marketing and how skillful the wholesaler is as a marketer in a digital age.
A skillful wholesaler should be making no less than double 6 figures income once up and running with momentum.
Keep in mind; it is entrepreneurship. There is probably not going to be any paycheck next Friday as of yet.
Is wholesale real estate worth it?
If you understand that wholesaling real estate is about your marketing skills and ability, it is worth every effort you apply to it.
How do you wholesale a house for beginners?
It’s a great time to a beginner in wholesaling houses because you can pick up digital marketing skills and use it to find distressed owners online; it’s easier.