Summary of How I Made $1.33 Million with This Wholesaling Secret System at 21 Years Old

The video presented by Zach Kin outlines a comprehensive step-by-step guide to wholesaling real estate, detailing how he made $1.33 million at the age of 21. Here are the main financial strategies, market analyses, and business trends discussed:

Main Financial Strategies and Market Analyses:

• Identifying a Suitable Market:
  • Target markets where the median home price is below $500,000.
  • Ensure the county's population exceeds 100,000 to guarantee sufficient buyer interest.
• Utilizing Government Lists:
  • Start with government lists such as:
    • Probates
    • Code violations
    • Fire damage properties
    • Tax liens and delinquencies
  • Pull at least 500 records from these lists to initiate contact with potential sellers.
• Marketing Techniques:
  • Use cold calling and texting to reach out to sellers.
  • Implement "driving for dollars" to find distressed properties and use "reverse driving for dollars" by leaving notes on properties.
  • Engage with local real estate investment groups on social media to find cash buyers.
• Scaling Up:
  • Analyze which marketing strategies yield the best results and focus efforts on those.
  • Once a profitable strategy is identified, consider investing in paid marketing channels and hiring virtual assistants to increase outreach.
• Using Software Tools:
  • Employ tools like X Leads for better data management, lead generation, and deal disposition.
  • Consider direct mail campaigns targeting motivated sellers for higher conversion rates.
• Continuous Improvement:
  • Regularly test and adjust strategies based on performance data.
  • Be prepared for failures as part of the learning process, emphasizing the importance of resilience.

Step-by-Step Guide:

• Step 1: Identify a suitable market (median home price and population).
• Step 2: Pull government lists (500 records minimum).
• Step 3: Organize leads and initiate contact (calls/texts).
• Step 4: Utilize driving for dollars and reverse driving for dollars.
• Step 5: Join a community (e.g., Discord) for accountability and support.
• Step 6: Analyze results and scale successful strategies.
• Step 7: Implement paid marketing and software tools as income grows.
• Step 8: Explore nationwide virtual wholesaling for further expansion.

Presenters/Sources:

• Zach Kin
• freh wholesaling.com
• xleads.com
• mailing mastery.com

Notable Quotes

— 07:41 — « The best way to put gas on the fire is to just do more of what is working. »

— 11:12 — « We just Direct Mail the list. That's right, we just send a postcard, an offer postcard specifically to our motivated sellers. »

— 12:20 — « Now you have my whole system of how to make $1.3 million a year wholesaling real estate. »

— 13:15 — « You can't spell Millions without a couple L's. »

Category

Business and Finance

Video