How to start wholesaling real estate with just $1,000. Did you know that I literally have paid
and made over $30,000 on just one wholesale deal? Yes. When I started real estate in my parents
basement, I was broke, bankrupt, bad credit, no money, no job and I learned how to wholesale
real estate right from my parents basement and I was able to make enough money to get
my salary but out of that basement, and even made $17,000 on my first wholesale deal. In this video,
I'm gonna share with you exactly how I got that done and how my students today are
doing even better than I did. Let's go.
I'm going to share with you a simple three step
process on how to wholesale real estate. I'm going to share with you five quick and easy
ways that you can find properties in really nice neighborhoods and I'm going to share with you my
super secret on how you can wholesale real estate with less than $500 if that's your budget. So what
is wholesaling? Wholesaling is simply finding people that want to sell you a property without
using a real estate agent, and then taking that contract that you get with the seller and flipping
it to someone else either by selling them that contract or assigning them that contract for a
fee. Like I said, I started wholesaling real estate in 2008, 2009 when I was in my parents
basement after losing everything. I started investing in real estate in 2002, and 2003.
But I had no idea what I was doing. I used a real estate agent and I just started flipping houses.
Well, when the crash happened in 2008, I lost everything and I had all of these fix and flips
that I was doing, where I lost all of my money and they ended up getting foreclosed on. Well, when I
moved back to my parents basement, I decided to learn real estate the right way and I got me
a coach that taught me a concept that changed my life. He taught me wholesaling and wholesaling is
really what I use to start doing my fix and flips and even get rental properties in the future. But
I'll tell you that part in a minute. Wholesaling is where I will put out bandit signs, and I will
send out letters and I will call people that were in the same situation that I had been in. I
started with people that were in pre foreclosure, people that were behind on their mortgage
payments, but they had not fully gone through the foreclosure process where the bank had taken the
house back. My coach taught me that it was public records, when someone went into the foreclosure
process, they will get something called a Notice of Default and that was public records. Well,
I was then able to search out and buy lists of people that had Notice of Defaults and I was
able to send them letters saying, Hey, we buy houses, and I'm tied to a network of investors,
and we can help buy your homes for cash. Well, I got on the phone, I will talk to those sellers,
and I got people to give me a contract on their home and in many cases, I will get contracts
on the home for way less than the market value because they were facing foreclosure and they
really just wanted to get from under the house. Well, once I got those properties under contract,
I then took those contracts to my network, my coaches and all of his network of investors and
I would sell those contracts for like $5,000 each. Well, it was an amazing way for me to make money
and get myself out of my parents basement and fix my credit all in the same process. First things
first, if you want more money for your business, you're going to need a business checking account.
NorthOne offers business checking accounts that you can get set up in less than three minutes and
you can do it all online. All you do you open up your browser, you're going to type in North
One very simple, you're going to then log in and register account, opening a new account. As you can
see, I'm clicking here I'm showing you different ways on how you can easily open a new account for
yourself and for your business. Your business is going to have to be registered with your state
your Secretary of State because you actually need a business. Once you have your account all set up,
you will see that having a business checking account with NorthOne is amazing and simple.
You can actually integrate all of your different merchant processing accounts. For example, if you
have PayPal or stripe, you can integrate that into the account and those deposits will go directly
into your NorthOne account and then you will not only have statements from your merchant processor
like PayPal, square or stripe, you'll also have business checking account statements from North
One that you can just pull down digitally you can just download them and create a PDF of them
and now you have all of your statements in one place. Check out the link below add NorthOne and
get your business checking account today. This way you can use your business checking account
statements and many lenders will lend to you with just that information. Get your business
checking account today with NorthOne and get this debit card that you can use anywhere in the United
States absolutely free. Now back to this video. I realized that I can make money doing this and I
was helping people avoid foreclosure just like I had been through once I mastered doing this
with pre foreclosures, and then started doing this with bankruptcies, foreclosures, probates,
relocations, and all different types of property problems, and start wholesaling real estate and
making even more money per deal than I did when I first started. So it was an amazing way for me to
learn wholesaling. So let me tell you the whole process so that you can do the same thing today.
Step one to wholesaling properties, finding people with property problems. Like I said, when I first
got started, I use pre foreclosures, because I had experience with foreclosure and I could clearly
explain to people what happened in the foreclosure process and let them know they did not want to go
through what I had been through. They did not want the sheriff come into their house and throwing all
of their stuff outside on the lawn, and being embarrassed by all of the neighbors and even
have your kids cry and scream while you were being tossed out on the street. You could actually help
people with wholesaling because I was able to explain to them that we would take over those
mortgage payments, or this person would buy their home for cash and they did not have to go through
the foreclosure process and in many cases, they would fix their credit without ever having to go
through any of that, it was an amazing thing. And I really was helping people and I felt good because
I was saving people from the embarrassment that I had been through finding people with
property problems is not difficult at all. Like I said, when someone is in the foreclosure process,
for example, they will get a notice of default. And you can search through public records. And
this is absolutely free to put together a list of people and then start sending them letters or
calling them on the phone. Additionally, you can just buy a list of people that are in foreclosure
if you have the money and in many cases, I was able to buy a list for like $100 for 100 names
and send them letters. If I sent out 100 letters, I would easily get sellers to call me on the phone
and ask hey, how do you buy homes for cash and I would explain it to them and get those properties
under contract. So this is not a difficult process at all, you really need to just think about what
type of financial distress are people in? Is it foreclosures? Is it divorce? Is it bankruptcy?
Those are three really easy ways to find people that are having property problems, and probably
want to get from under that mortgage, but they probably have a nice house that you can wholesale
or even make money off of. Whoa. Like I said, I used to use bandit signs and send out letters,
what are some other ways that you can think of that you can get people to call you on the phone
about their property problems? Comment below and let's have a conversation. I have lots of
great ideas and I'm sure you have some great ones too. Step two, talking to sellers. Now that
you have found people with property problems and they're calling you on the phone, the next step is
to get them under contract, this part is actually really easy and once you do it a couple of times,
it gets easier and easier. When you first start, you're probably going to stumble and stutter and
you're going to be really nervous, it's totally okay, you're going to be talking to them on the
phone so they can't see your face, and they probably can't see the sweat under your arms,
all you need to do is give them the script and in fact, I'll give you a script absolutely free.
Just go to noellesfreegift.com and get my script where I teach you how to talk to sellers,
you literally just explain to them that you're a company, you're looking to buy houses and you can
help them in their situation. You're very positive that you can help them and you let them know that
you can close without using a realtor, without them having to pay closing costs and without
them having to fix the property. There's so many benefits to a seller, they can get from under the
financial distress that they're having. And they don't have to spend any money to do it. You can
find tons of people and you can help so many people in the process. I love helping sellers,
and you will to step three, sell those contracts to investors. Once you talk to the sellers and you
get those properties under contract, the last step is to take those contracts and get them sold for a
fee. Like I said, the point of wholesaling is to either sell the contract or assign it to someone
else for a fee, you can easily get this done and again, I give you all of the paperwork to do this,
absolutely free. Just go to noellesfreegift.com. And you can get my documents and I can use those
in all of the states. That's my free gift to you. I've already paid my attorneys for them and now
you can have them absolutely free. With those contracts, you will easily just take them to
different investor groups. Like I said, I had a coach. So we used to have monthly meetings,
and I could take my contracts and my properties to those investors. Now again,
you're not selling contracts, you're selling a property. So you don't say hey, I have this
contract that I want to sell you. You tell them about the property, hey, I have a three bedroom,
one bath in XYZ city. It's worth this amount and I have it under contract for this amount. So that
is this amount of equity. For example, I would say I have this three bedroom two bath in Atlanta is
priced at $150,000, its market value and I have an under contract for $100,000. That's $50,000
of equity and have already been buy the property and it doesn't need very much repairs, maybe just
$5,000 for some paint and some carpeting, well, my investor would look at that deal and be like,
Wow, I can make $45,000 off this property, or I could rent it out for $1,500 per month.
They would easily give me $5,000, I would assign that contract to them and boom, I was done with
the deal. And I made $5,000 In just a few days. That's how wholesaling works and you can get this
done for again, less than $500. Or even with a budget of $1,000. Most of the money that you spent
was really just marketing your business, sending out letters, or putting out bandit signs, and
walking around with things that market what you do with shirts like this, that say I buy houses,
you can get a bunch of these shirts for like 20 bucks. In fact, I even have a widget below where
I sell these shirts for you at a discount. Again, wholesaling properties is super easy. You really
just have to have the courage to go out there and do it and want to make a lot of money just
like I did. I have created an entire training where I teach you my exact formula to investing
in real estate without using your credit or using very much money. Go to noellesfreetraining.com
and get this full training. It teaches you not only wholesaling and finding people with
property problems. I go into detail and it's a full training. Again, noellesfreetraining.com
That's Noelle, N O E L L E with an S, noelles freetraining.com And get your full training on
how to invest in real estate without using your credit or much money. I just want to make sure
that you have all of the resources, all of the tools and all of the knowledge that you need to
be successful. This is Noelle, to your success.