How to Make $10,000 in the Next 30 Days Flipping Houses!

So this headline is the candy coated poison that allows just about every self proclaimed real estate GURU to get their hooks into real estate newbies everywhere…..but even with that said it sums up the point of this blog post as well as anything. The only difference is at this point I really don’t have anything to gain financially by giving you this information, so this isn’t me just giving you a teaser article hoping to then sell you a $995 product so you can get all the real info. You see the honest truth is anyone who is actually doing real estate right now is probably not putting that much time into the education and coaching side of their business (like myself). The reason being is that this is the absolute best market any of us Real Estate Pro’s have ever seen to make money…..and I mean big money actually doing real estate. I had intentions of having our mentoring program set up at this point (along with a Podcast which is still coming by the way), but the deals we are finding and the money we are making just doing real estate is so insane right now I just cant justify not focusing as much of my time as possible on investing. With that said I still plan on rolling out our 1 on 1 mentor program, a great marketing product along with the podcast shortly, but for the next few months I am going to keep my focus purely on buying and selling real estate. Now check out this video and then finish reading the article!

So now that I have gotten that off my chest lets get into the nuts and bolts of this article so that you can start taking advantage of this amazing market!

The honest truth is that if you have a proven formula to follow, making 10K pretty much on demand is not that difficult in real estate. If however you are not following a proven formula then this goal of 10K in 30 days would seem near impossible, which is why most people will never be able to do this. I am not trying to deter you by any means, but rather I am just being honest about the fact that you need to take action….and the right kind of action to make this happen. I remember when I first started investing in real estate I always wondered what is it that those highly successful investors see that I don’t when looking at a particular house or a market…..well now almost 10 years later I can say the answer to that questions is A LOT! This business is really very simple when it comes down to it, but at the same time its also very difficult…..and the difficult part is not only figuring out what action needs to be taken, but following through and continually taking that action needed to produce results. So below is simple step by step instructions on how to make 10K in the next 30 days in this business wholesaling houses!

1. Find and build relationships with “real” cash buyers in your market. The best way to find the true players in your market is to first look and see who has the biggest online presence. Second is to figure out who is buying properties at the auction on a regular basis. These two sources alone will give you all the buyers your wholesale business will ever need during your first year in business. There is no need to do large mailers or anything like that…..you only need to find a couple real buyers to run a hugely successful wholesale business. Once you find out who these people are then just call them up and talk to them…..introduce yourself, find out what type of properties they like to buy, neighborhoods and price points they focus on. Once you have this information now you have an order to fill and a buyer that is ready and willing when you find a deal. Right now deals are not as easy to find as they have been in the past few years, so selling a deal to any of these types of buyers for a nice profit will be a walk in the park……the hard part is going to be finding the deal.

2. Now that you have relationships built with some “real” cash buyers in your market and you know what they like to buy, its time to go find a deal. If you are just starting out then you are going to need to learn the area’s that your new buyers like to buy in. So in order to find them a deal I suggest that you utilize the Driving for Dollars Strategy. This strategy will only cost you your time and a little bit of gas money, so everyone should be able to afford to utilize it. Now you need to drive every street in your buyers¬† target areas and write down every address that looks like it needs work, looks very outdated, or looks like old people live there (old school Buick in the driveway, ramp up to the front door, ect). The idea here is to create a large custom list of properties that you will use to market to on a continual basis. You may get a deal or two on the first couple mailings, but you need to make sure to continue mailing this list over and over again. That way when when someone is ready to sell they will contact you first. The key is to catch people at the right time, so this may happen on your first mailing, or it may happen on your 3rd…..but the point is you have to be visible and relevant to the seller when they decide its time to sell.

3. Once you have created your custom list you now need to research every property and figure out who owns it and where they live. If they don’t live at the property then you need to know that information because you will send your marketing piece to where they actually live. I normally utilize Excel to create and update all of my Driving for Dollars lists, so I would suggest that you do the same.

4. Now that you have all of these leads you need to get some marketing out the door ASAP in order to get a response from the owners of these properties. I would suggest that you send every person on this list a standard Yellow Letter so that your response rate is as high as possible. This will help to ensure that you have the best chance possible to put together a deal within a 30 day window. You can write these letters yourself in an afternoon (about 8-10 an hour is what my letter writer can write). This way its again only costs you your time and a little $ on for supplies.

5. Mail to the same list every two weeks (at least for the first couple letters). This will get the owners attention and get you a lot more calls since it will be hard to ignore your message. Then continue to mail the list ever 30 days for the remainder of the year or until people either call and sell you their house or ask to be removed from the list. If they ask to be removed from the list, then use this as an opportunity to talk with them and remind them to call you if they ever decide they want to sell. Please keep in mind that some people can get a bit ridiculous when you send them letters asking to buy their house…..DO NOT let this deter you! Its part of the game and all of us who market on a regular basis deal with it, so you are not alone. Just accept the fact that you will get some not so nice phone calls and continue taking action.

6. Once the calls start coming in you need to start getting your hustle on! This is where the money is made my friends, and this is what separates the men from the boys. You need to talk to every single person that calls (whether good or bad ) in order to try and put a deal together. Rarely is a deal made on the first call, so you need to talk with people, set appointments, go see the property, build re-pore, talk some more, make offers, follow up on the offers you made and then sign up a deal! This is the hard part that very few people can do effectively and consistently, so if you can get good at this part the sky is the limit for you and your business! This is the only difference between being mediocre and being great in this business…..almost everyone can do steps 1 through 5, but very few get good at step 6.

So there it is…..This is the recipe to create large amounts of money out of thin air wholesaling real estate, and I’m talking about some potentially life changing amounts of money! Although the recipe is simple, its the application and follow through that will be the difficult part. The questions you have to ask yourself is how bad to you want the money and how bad do you want to be great? I know what what my answer is to that question…..do you? Now get out there and start following these six steps so that you can put a big five figure paycheck into your bank account before the end of January!

Speak Your Mind

*

Subscribe to The MIM Newsletter And Receive The First Chapter of The REO Blueprint Absolutely Free!!