Summary of 10 Most Brain Dead Ways to Get Your First Wholesaling Deal!

The video "10 Most Brain Dead Ways to Get Your First Wholesaling Deal!" by Rick Genin presents straightforward, actionable strategies for beginners to secure their first real estate wholesaling deal without overcomplicating the process. Rick emphasizes practical, low-cost, and often overlooked methods to find motivated sellers and off-market properties, supported by his personal success and real deal examples.

Main Financial Strategies and Business Trends:

• Focus on finding motivated sellers or motivated properties through simple, proven methods.
• Build relationships with key local players (Title Companies, Property Managers, estate sale companies).
• Use technology and offline tactics in tandem for competitive advantage.
• Provide value first in joint ventures (JVs) to create mutually beneficial partnerships.
• Leverage both traditional marketing (Bandit Signs, driving for dollars) and digital platforms (social media, XLeads).
• Persistence and quick action ("speed kills") are critical, especially with time-sensitive leads like Probates.

10 Brain Dead Ways to Get Your First Wholesale Deal:

1. Bandit Signs
   • Place simple signs in high-visibility, slow-traffic local areas (not highways).
   • Use local phone numbers and answer calls live.
   • Keep costs low by making signs yourself and using inexpensive stakes.
   • Signs attract motivated sellers who need quick solutions.
2. Probates
   • Target properties from deceased owners by researching newly opened probate cases at the county courthouse.
   • Skip trace the responsible parties and contact them via calls and personalized letters (templates available at freehwholesaling.com).
   • Probates often involve vacant, out-of-state owners, making them ideal for wholesaling.
3. Title Companies
   • Develop relationships with Title Companies as they have access to failed deals, cash buyers, and market insiders.
   • They can provide leads on deals that fell through due to funding or contractual issues.
   • Use them to obtain court records and market intelligence.
4. Property Managers
   • Connect with Property Managers who oversee large rental portfolios, focusing on the 2% of properties that are vacant or in disrepair.
   • Offer to pay full commissions to incentivize them to bring you deals.
   • These properties often have motivated landlords wanting to sell.
5. Driving for Dollars
   • Physically drive or walk neighborhoods looking for visual signs of distress (high grass, boarded windows, no mailbox).
   • Skip trace owners of these properties and contact them directly.
   • This method provides exclusive, offline leads with less competition.
6. Estate Sales
   • Partner with local estate sale companies who declutter homes of elderly or deceased owners.
   • Offer referral fees for leads on properties likely to sell after the estate sale.
   • Estate sales often indicate a motivated seller needing to liquidate property.
7. Social Media
   • Use platforms like Discord (for niche wholesaling groups), Facebook (large wholesaling groups), and YouTube to network, find cash buyers, and JV partners.
   • Provide value in these communities rather than spamming to build trust and connections.
   • Digital Bandit Signs can be used to replicate physical signs online.
8. XLeads
   • Utilize XLeads subscription to pull targeted lists (pre-foreclosures, tax delinquency, vacant properties) with free skip tracing included.
   • Outsource cold calling to bird dogs or JV partners in exchange for splits or marketing fees.
   • This creates a scalable marketing machine.
9. Reverse Driving for Dollars
   • Leave sticky notes on targeted properties with a simple message and phone number to spark curiosity.
   • Best used with pre-foreclosures, tax delinquencies, and code violation lists.
   • Encourages sellers to call you first, increasing response rates.
10. Garage Sales (Targeting Absentee Owners)
    • Monitor local garage sales and cross-reference property ownership to identify absentee landlords.
    • Call landlords to inform them about tenant garage sales, often signaling distress or impending sale.
    • Use this info to build rapport and pitch buying the property.

Summary of Methodology:

• Identify motivated sellers through a variety of offline and online channels.
• Use cost-effective marketing tools (signs, notes, social media).
• Build and nurture relationships with local real estate service providers.
• Use skip tracing and targeted lists to find and contact owners.
• Leverage joint ventures and provide value to partners.
• Always answer calls live and engage sellers with empathy and problem-solving.

Presenter:

• Rick Genin

Additional Resources Mentioned:

• freehwholesaling.com for letter templates, courses, and detailed strategies.
• XLeads for list pulling and skip tracing.
• Social media groups such as Facebook’s "Wholesaling Houses for Real" and Discord for networking.

Rick Genin’s approach is grounded in simplicity, persistence, and relationship-building.

Category

Business and Finance

Video