Closing on my First Wholesale Deal Today! What Next?

[Max Garcia Jr]

I'm so excited on closing on my first deal today! It's not a small pay out too! What "next move" is a must, if I'm aiming to close on at least one deal a month? I work fulltime, so was thinking a VA, buy lists, and try and recruit property scouts. What do you think? I want to step up my game.

[Chris Piper]

You can pay bird dogs to bring you properties, buy lists, drive for dollars, or put up bandit signs. Those will all bring you motivated seller leads. Just know you will need to make a lot of offers. If you get 100 property leads, you will probably make offers on 10, and probably get 1 or 2 accepted. It's a numbers game. Make sure you aren't paying to much. If you are wholesaling them, figure out the ARV, multiply that by 70%, and then subtract whatever the cost of repairs is. Whatever price you come up with, is what you should be selling that property for.