Summary of If You Want To Make $25,000 a Month Wholesaling Real Estate... Try THIS!
Main Financial Strategies:
- Reverse Wholesaling:
- Start by identifying cash buyers before locating motivated sellers.
- Understand that cash buyers are your customers, and motivated sellers are your product.
- This approach reduces risk by ensuring there is demand for the properties you acquire.
- Reverse Speed Wholesaling:
- Emphasizes quick action and decision-making without overcomplicating property valuations.
- Avoid spending excessive time on property comps until you have a motivated seller.
- Focus on taking swift, decisive actions to secure deals for cash buyers.
Methodology/Step-by-Step Guide:
- Find cash buyers:
- Use resources like DMZact.com or Listari.com to identify recent cash sales.
- Contact potential cash buyers directly to establish relationships and understand their purchasing criteria.
- Identify High-Demand Areas:
- Analyze where cash buyers are actively purchasing properties, preferably breaking it down by ZIP code.
- Locate motivated sellers:
- Once you know where cash buyers are looking, target those areas to find motivated sellers.
- Build Relationships:
- Treat cash buyers with care, establishing trust and understanding their needs to facilitate smoother transactions.
- Negotiate Deals:
- Use your understanding of cash buyers’ preferences to negotiate better terms with motivated sellers, ensuring you can profit from the transaction.
- Take Action:
- Move quickly to secure deals, and don't hesitate to close on properties that meet the criteria of your cash buyers.
Conclusion:
Rick Ginn emphasizes that by utilizing Reverse Wholesaling and Reverse Speed Wholesaling, individuals can minimize their risk while maximizing their earnings potential in the wholesaling business.
Presenters/Sources:
- Rick Ginn
- freehwholesaling.com
- DMZact.com
- Listari.com
Notable Quotes
— 00:30 — « 25k a month it is 100% doable I've done this for years. »
— 01:42 — « Your cash buyers are your customers... your motivated sellers are your product. »
— 03:30 — « Reverse speed wholesaling minimizes your risk and maximizes your gain. »
— 04:50 — « If you can make $1,000 with little to no money in risk then it's a good starting point. »
— 11:39 — « That's like that's an infinite return. »
Category
Business and Finance