A few questions. (Two part thread)

[Michael Juve]

This is going to be a two part thread.

First I have a question for the guys ,and gals, who wholesale full time. How many deals do you close ,on average, per month? No need for financials, just how many times you sign on the dotted line per month.

And the next part of the thread is about a make shift business plan I typed up.

Goals

Wholesale real estate in Southern California
Eventually move to Northern Arizona and resume wholesaling there
Make at least $20,000 before December 31st, 2009
$5,000 a deal = complete four deals
Get a solid Purchase Agreement Contract
Get an Assignment Contract
Build a solid buyers list
Start locating deals

How to Attain Goals

1. Build Buyers List
A) E-mail landlords at GoSection8.com
B) Post “Homes for 50-70% ARV†on Craigslist.org
C) Call “We Buy Houses†signs
D) Call realtors and ask if they have any cash buyers. Offer to pay 10-20% of profit.
E) Run a newspaper ad that says “Looking for buyers for homes at 50-70% of ARV.â€
F) Offer free list of distressed properties
G) Ask current buyers if they know any more buyers.
H) Join an REI club and ask around
I) Get a list of investors that have purchased within the last three months.
J) Foreclosure auctions

2. Get a sound Purchase Agreement
A) Speak to Real Estate Attorney

3. Get an “Assignment of Contract†form
A) Same as above

4. Get tax information squared away
A) Speak to accountant
B) Get federal tax ID
C) Get state tax ID

5. Find a title company
A) Make sure they will handle double closings

6. Start Marketing for deals
A) Search Craigslist
B) Search listing websites
C) Search newspaper classifieds
D) Make a “I buy houses†newspaper ad
E) Put an ad on Craigslist
F) Join a REI club

The beginning goal section wasn't really in any order. I was just writing stuff off the top of my head. Any tips and suggestons for my makeshift business plan are appreciated. I am sure there are gaps in there that I am not seeing. I tried to keep the "How to attain goals" section in the order I would like to accomplish them.

For my "Building a buyers list" and "Locating deals" I just plugged in some tips that I got here from Bigger Pockets. Also, the $5,000 a deal is just a generic base line I came up with. I know some will be more. I hope none are less.

I wish I knew how it was a person could be scared of making an attempt at being successful. I don't buy into the whole getting rich quick hooplah. But if I could make enough to support myself, and have a little fun I am all for it.

Is my goal of $20,000 this year too lofty? We've got seven months left in the year. It seems like it would be reasonable. I just have to get out there and get busy. Instead of spending some time on the net thinking I've made a difference.

When I first got the idea of real estate into my head that is all I did. I never got out there and did anything. Well I did go look at one house. But I had no idea what I was doing. :oops:

So, as mentioned previously, any thoughts are welcome.

Actually, one last question. What do you guys wear when you meet with people? I've got a button up shirt, tie, dress pants, and dress shoes. Aside from that all I've got is jeans and T-shirts.