How did you make your first deal?

[Sage Jankowitz]

How did you make your first wholesaling deal? Did the investor you worked with care that you had little to no experience in wholesaling? And what was the key to closing it?

[Ryan Webber]

My first wholesale deal was me looking for a rehab to retail myself. I came across a wholesaler who had a 5 house package deal. I kind of spouted off and made the wholesaler a very low offer on all 5, and she took it. I remember thinking :badwords:

I freaked because I didn't have the money or the financing lined up to do all 5, so I started to frantically market them. I got the financing lined up for all 5 but I didn't need it. I ended up wholesaling 3 of them before I closed. I had another one sold within a couple weeks of closing and the last one I had to fix and resell myself. When it was all said and done I cleared about $30,000 on the deal.

Investors don't care as much about your experience as they do the price of the deal. The key to closing it was price. Price overcomes all objections. Sell your properties at a cheap enough price and you will always get the deal done.