Wholesaling Blueprint - Steps to Wholesaling Real Estate + Simple Systems

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Wholesaling Blueprint - Steps to Wholesaling Real Estate + Simple Systems by Mind Map: Wholesaling Blueprint  - Steps to Wholesaling Real Estate + Simple Systems

1. Finding Motivated Sellers

1.1. Driving for Dollars

1.1.1. Drive around and look for DISTRESSED Properties, record addresses, then contact the owners

1.1.2. We use the Deal Machine App

1.1.2.1. Get a 14 Day Free Trail.

1.1.2.2. (Use Code DAVE to get $15 in Free Deal Credits) that can be used towards Skiptracing & Direct Mail

1.1.2.3. Driving For Dollars Video

1.1.2.3.1. FREE TRIAL HERE

1.1.2.4. What Do I Do After I drive for Dollars?

1.1.2.4.1. FREE TRIAL HERE

1.2. Pulling Lists

1.2.1. Purchase Lists of Sellers (We Are Looking for Motivation)

1.2.1.1. Absentee Owners

1.2.1.2. Vacant Properties

1.2.1.3. High Equity

1.2.1.4. Expired Listings

1.2.1.5. Probate or Divorce, etc

1.2.2. We use Propstream to Pull Our Lists

1.2.2.1. They offer a 7 day FREE Trail

1.2.2.2. Running Comps & Finding The After Repair Value (ARV)

1.2.2.2.1. FREE TRIAL HERE

1.2.2.3. Motivated Seller Lists

1.2.2.3.1. FREE TRIAL HERE

1.2.2.4. How to Find and Purchase a list of Motivated Sellers

1.2.2.4.1. FREE TRIAL HERE

1.2.2.5. Running MLS Comps and Pulling Motivated Seller Lists

1.2.2.5.1. FREE TRIAL HERE

1.3. Direct Mailer

1.3.1. Post Cards and Letters

1.3.1.1. Mail to lists to we export from Deal Machine above

1.3.2. We use REI Print Mail

1.3.2.1. $0.39 Cent Post Cards

1.3.2.2. $0.59 cent Letters

1.3.2.3. How to Send Direct Mail to Motivated Sellers

1.4. Bandit Signs

1.4.1. We use "SignsOnTheCheap"

1.4.1.1. We use Single Sided Signs (otherwise the ink bleeds through)

1.4.1.2. Pre-Printed with our Phone # (or you can buy them blank and use a big sharpie to write on them)

1.4.1.3. Any Size - Does not matter. The bigger the better

1.5. Skiptracing to Cold Call / Text

1.5.1. We Use BatchSkiptracing.com

1.5.1.1. This is great for single Skiptracing as well as Batch or Bulk orders. (only pay for what you use)

1.5.1.2. Use Code: DAVE to save 3 cents per skiptrace. (usually .20 but you pay .17)

1.5.2. Mail from the lists that we pull from Propstream above

1.5.3. We use BatchLeads.IO

1.5.3.1. We use this company to do our skiptracing, Lead-stacking, AND Legal cold text messaging!

1.5.3.2. Use Code "DAVE" (all caps) to get 50% off your first month

1.5.4. Another Video Showing BatchLeads.IO

1.5.4.1. We use this company to do our skiptracing, Lead-stacking, AND Legal cold text messaging!

1.5.4.2. Use Code "DAVE" (all caps) to get 50% off your first month

1.6. Networking

1.6.1. Word of Mouth

1.6.2. REIAS

1.6.3. Meetup.com

1.7. Online Ads

1.7.1. Google Adwords

1.7.2. Facebook Pages and Ads

1.8. Online Classifieds

1.8.1. Facebook

1.8.1.1. Groups

1.8.2. Craigslist

1.8.2.1. For Sale

1.8.2.2. For Rent

1.9. Simple Ways to Find Motivated Sellers VIDEO

2. Make a ton of offers

2.1. This is a numbers game - the worse the offer is, the least likely it is to be accepted.

2.1.1. The Higher the offer on average = less profit but more accepted deals

2.1.2. The Lower the offer amount on average = more profit but less accepted deals

2.1.3. How much to offer?

2.1.3.1. Running Comps & Finding The After Repair Value (ARV)

2.1.3.1.1. FREE TRIAL HERE

2.1.3.2. If not an agent you need this. (Click Link - Arrow to the Right)

2.1.3.2.1. You have to Run Comps and compare similar properties to make solid offers that will get accepted yet still have enough spread to wholesale for a profit

2.1.3.2.2. This tool is awesome for pulling lists, running comps, and more

2.1.3.2.3. FREE TRIAL HERE

2.2. Don't chase properties that are:

2.2.1. Not motivated

2.2.2. Want retail value

2.2.3. Are just shopping for an offer

2.2.4. Don't need to sell... just want to

2.3. The best properties are the ones that:

2.3.1. NEED TO SELL

2.3.2. The seller is distressed

2.3.3. They are at risk of losing the property

2.4. Follow up Follow up Follow up

2.4.1. We use a CRM (Customer Relationship Manager) to keep track of our leads

2.4.1.1. The Property is distressed

2.4.1.2. Automatic Follow up Emails

2.4.1.3. Automatic Follow up Text Messages

2.4.1.4. Automatic Follow up Voicemail Messages

2.4.1.5. Add Tasks to remind you to Call Back

2.4.1.6. CLICK the ARROW to the RIGHT to USE the SAME CRM the Discount Property Investors use to do 10+ Deals a month

2.4.1.7. Josh Arras from REI Black Book Explaining all the features this amazing CRM has to offer

2.5. Learn how to Calculate the PERFECT Offer amount in our Free Course

2.6. The MAO Formula Explained

3. Lock up properties with contracts

3.1. Keep it simple! This is not rocket science :)

3.2. In order to market a property for sale legally you have to have it under contract

3.2.1. Remember you are marketing the "Contract" to purchase the property.

3.3. Open Escrow with your title-co

3.4. Get a free copy of the contract we use HERE

3.5. Does Writing a Contract Stress You Out Video

4. Market properties to Investors

4.1. REI BlackBook - Investor CRM, Call Tracking, Websites, and More

4.1.1. This is the Absolute BEST CRM for Dispositions. They have Featured Websites, Individual property websites, Buyers lists opt in forms and landing pages, email and text blasts. You name it, they have it :)

4.1.1.1. This is the Absolute BEST CRM for Dispositions. They have Featured Websites, Individual property websites, Buyers lists opt in forms and landing pages, email and text blasts. You name it, they have it :)

4.2. Secure Property

4.2.1. Get Photos & Videos

4.2.2. Add lockbox if Vacant

4.3. Send to Cash Buyers List

4.3.1. Call Buyers directly

4.3.2. Text Buyers directly

4.3.3. Email Blast the Buyers List

4.3.4. Need a Cash Buyers List?

4.3.4.1. Propstream to Analyze your Market & Pull Lists of CASH BUYERS!

4.4. Post Online

4.4.1. Craigslist

4.4.2. Facebook Groups & Marketplace

4.4.3. Linkedin

4.4.4. Biggerpockets

4.5. REIA Meetings

4.5.1. Meetup.com

4.6. Direct Mail

4.6.1. We use REI Print Mail

4.6.1.1. 0.39 Cent Post Cards

4.6.1.2. 0.59 cent Letters

4.6.1.3. How to Send Direct Mail

4.7. Bandit Signs

4.7.1. We use "SignsOnTheCheap"

4.7.1.1. Any Size. (The Bigger the Better)

4.7.1.2. Yellow and White are the Best!

4.8. FSBO Signs

4.9. List on the MLS

5. Sell properties to Investors

5.1. Mark the property up your desired "Wholesale Fee"

5.1.1. Remember you a selling your "Contract" to purchase so you are really marketing up your contracted purchase price....

5.2. We recommend you shoot for 5K profit so you have to mark them up 7-10K as investors will negotiate you down.

5.3. Once you have a buyer you can assign your contract to the end buyer or double close it.

5.3.1. MAKE SURE YOU BUY BLANK SO YOU CAN WRITE ON THEM

5.4. REI BlackBook - Investor CRM, Call Tracking, Websites, and More

5.4.1. This is the Absolute BEST CRM for Dispositions. They have Featured Websites, Individual property websites, Buyers lists opt in forms and landing pages, email and text blasts. You name it, they have it :)

6. Closing the Deal

6.1. Assignment

6.1.1. The title company will handle the title work and the closing. This usually takes a minimum of 4-6 days, sometimes as long as 10-15 days.

6.1.2. Deliver the original purchase and sale agreement (A-B) to your title company and open escrow.

6.1.3. Deliver the assignment agreement to your title company.

6.1.4. Collect your assignment fee! You do not even need to go to the closing.

6.2. Double Closing

6.2.1. Deliver the B-C Purchase Agreement to your title company

6.2.1.1. Same as above but you actually buy the house from the seller and then turn around and sell it to your cash buyer. You do this to HIDE what you are making and/or keep the buyer from meeting the sellers among other reasons.

6.2.1.1.1. Depending on your state you might not even need any money to do this. (this is called a same day double close - DRY FUNDING)

6.2.1.1.2. In some states this might require Transactional Funding or Gap Funding.

6.2.2. Close the deal and get paid!

6.3. Learn the Entire Process in our Free Wholesale Course

6.4. Try to use long inspection periods and make sure to have out clauses in your contract

7. Even More

7.1. Free Wholesale Course

7.1.1. ACCESS COURES HERE

7.2. Discount Property Investor Podcast

7.3. Discount Property Investor Youtube

7.3.1. MAO Formula Explained

7.3.2. Running Comps and Pulling Lists

7.3.3. Dispositions and REI Black Book

7.4. David Dodge's Youtube Channel

7.4.1. How to Locate Motivated Sellers

7.4.2. Real Estate Investing Tips for Beginners

7.4.3. How to Locate Cash Buyers for your Real Estate Deals

7.5. David Dodge's Instagram

7.6. The Ultimate Guide To Wholesaling Real Estate

7.7. 1on1 Executive Coaching

7.8. Share this with a Friend

7.8.1. The Direct Link is FreeWholesaleBlueprint.com