10 Steps to Becoming a Real Estate Wholesaling Rock Star!
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About this ebook
TRANSFORM YOUR LIFE FROM "SURVIVING" TO THRIVING!
Building a successful real estate wholesaling business is easy if you know the rules.
Getting your start in real estate wholesaling and investing doesn't require a lot of cash, good credit, or experience. You need a proven, step-by-step plan that is easy to follow and implement.
When I started in real estate, I wasn't given this plan, so I had a long and difficult struggle to find success. This plan is the result of many years of successes and failures of myself and others.
This book gives the basics needed to get you on your way to becoming a rock star real estate wholesaler!
David P. Witte is a Licensed Real Estate Instructor, Licensed Real Estate Broker, Real Estate Wholesaler, Rehabber, Flipper, Landlord, Real Estate Investment Coach, and Public Speaker.
In this book, David shares the secrets that he has learned and shows YOU how to start wholesaling real estate without experience, credit, or lots of cash.
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Book preview
10 Steps to Becoming a Real Estate Wholesaling Rock Star! - David P. Witte
10 STEPS TO
BECOMING A
REAL ESTATE
WHOLESALING
ROCK STAR!
TRANSFORM YOUR LIFE FROM
SURVIVING
TO THRIVING!
DAVID P. WITTE
Copyright © 2019 by David P. Witte
All rights reserved. This book or any portion thereof
may not be reproduced or used in any manner whatsoever
without the express written permission of the publisher
except for the use of brief quotations in a book review.
Printed in the United States of America
First Printing, 2019
ISBN 978-0-578-52145-9
David P. Witte, LLC
3230 Southgate Circle
Suite 136
Sarasota, FL 34239
www.DavidPWitte.com
rock star
Noun
A person who is renowned or revered in his or her field of accomplishment.
Any animal, plant, or other thing that is renowned amongst others of its type.
+
real estate wholesaler
Noun
A person that finds motivated sellers, gets their property under contract, then assigns the contract to another buyer before closing, making a small but quick profit on each.
=
wholesaling rock star
Noun
A person who is revered for his or her ability to find motivated sellers and discounted real estate deals to wholesale to others.
Disclaimer
Every example in the book is 100% true but makes no claim as to how much money you will make in the real estate business.
The only guarantee I make is that if you keep sitting on the couch, you’re not going to make any money in real estate.
The events in this book represent actual events in my life, but the names have been changed to protect the privacy of the subjects.
I am not a lawyer, cannot give legal advice, and nothing in this book should be considered as legal advice. I highly recommend you seek a local real estate attorney for legal help in your real estate endeavors. Laws vary from state to state and a local real estate attorney can provide expert legal advice tailored for your location and situation.
The principals of real estate investing addressed in this book are based on generally accepted practices of real estate investing; they and are not guaranteed to be a legal or accepted practice in your state.
What You Will Learn in This Book
Why wholesaling?
How to structure deals
Real estate contract basics
How to value property
What makes a good target market?
Real estate marketing basics
Working with motivated sellers
Finding cash buyers
And a lot more
Free Training
Table of Contents
Welcome!
The Allure of Land
Why Wholesaling?
My Road to Wholesaling
The Crash of 2008
Avoid the Mistakes I Made
Back on the Horse
Points to Remember
The Plan - Go from Zero to Hero
Skipping Some Steps
Step 1 – Commitment
Decide - Do You Really Want to do This?
Step 2 - Learn the Basics
Real Estate Basics
A Better Way to Learn
Step 3 – Learn to Structure Deals
Think Past the End of Your Nose
Avoid the Monkey Trap
Make Strategic Decisions
Step 4 – Learn About Contracts
Contract Basics
Know Your Contract
Real Estate Attorney or Title Company?
Step 5 - Learn How to Value Property
Get a Quick Estimate
Sales Comparison Method
Step by Step:
Determine the Sold Price per SF
Determine the Current Value
Calculate Your Maximum Offer
Leave Room to Negotiate
They’d Never Sell for That!
Step 6 - Find a Target Market
What Makes a Good Target Market?
Narrowing Down to a Neighborhood
Step 7 – Learn Real Estate Marketing
Find Motivated Sellers
Marketing Strategies
Step 8 - Only Work with Motivated Sellers
Are They Motivated?
Weed out the Lookers
Step 9 - Find Cash Buyers for Your Deals
Where to Look
Blast out the Deal
Control the Deal
Step 10 - Get Going!
Take Action
Why not a Real Estate Investing Seminar?
What’s Next for You!
Welcome!
Just a quick note to get this party started…
Although I am a Licensed Real Estate Teacher, this book is not another in a long line of tomes filled with dry information and theory. Nor is it a "quick fix, read this, and