Welcome back to the channel everyone. Today we’re gonna be talking about how to wholesale a deal with literally no money. You don’t have any money to market you got you don’t have even a dime to your name, but how can you do a deal.
So before we dive into how to wholesale deal, when you literally got not even a cent to your name, let’s talk about my Facebook group. If you’re brand new, and you don’t have a lot of money, you should definitely check out my Facebook group because it’s free. You’re going to learn how to wholesale, you’re gonna learn how to network with other people, you’re going to learn how to do the painless flipping strategy.
So go check it out, just go to painless flipping, K, whiny, painless flipping on my Facebook group, and we’ll let you right in. So let’s dive into how to do a deal when you got literally no money. Guys, I haven’t experienced that I just had to deal for $7,000 It was the total assignment was fee was 7000.
And I didn’t spend anything $0. And you can do the same thing too. So right here, I’m gonna break down exactly how I did it actually have a call where I had a couple people I was explaining to so I think it’s just makes sense to show you that video because I do a good job of explaining exactly how that deal happen.
What I did, you know the process step by step process. So let’s dive right into this video so you guys can see exactly how I got it done. So the strategy that I have, it’s very similar to traditional wholesaling, but it’s not the same with traditional wholesaling. A lot of times they just tell you to find go find a deal I tell you to before and going to search for deals, spend like a week or two really diving in and developing relationships with your buyers.
And it’s not something that once you do it once you’re done. It’s like a continuous thing. So this is called painless flipping deal timeline. So I’m going to give you a breakdown of how I did this deal for people that are new and they want to try it so you pick a market if you guys are new and you’re like let me be in Tampa Olympia in Jacksonville, maybe in Atlanta, Libyans Dallas, I don’t recommend that you want to be in one location, okay.
Especially when you start I’m in. There’s even people in my market, they’re doing three $4 million in their one market. So a lot of people they think they have to jump all over to do multiple, I guess, generate a lot of revenue. There’s enough deals in your market to go around. There’s enough revenue. So that’s a limiting mindset. I had that too. I had that limiting mindset for a while. And then I went back to Utah. So anyway, I went nationwide.
And I was like, oh, yeah, there’s more deals here. Yes, of course, there’s more deals, but there’s more things you have to figure out pick one market. So once you pick your mark, it’s time to find some buyers. So how do you find buyers guys? Number one, my favorite is title companies.
I call investor friendly title companies and I asked them who’s buying you can ask hard money lenders hard money lenders give money to their buyers so they know who’s buying or they no who’s actively looking agents, you want to network with agents, you can get buyers list and call through them that takes a little longer these you know, I’d like these more because they give you warm referrals. social media posts are good to find buyers and real estate investing meetups, I have a meet up every month, a lot of buyers go there, and they’re like, Hey, who’s got deals, so it’s definitely a good place.
So this deal that I got, okay, again, three hours to do this deal. And five days anybody in here that hasn’t done a deal can do a deal if they do this within a short amount of time. So all I did, if you guys can see his picture, I asked my title company for a buyer. I said, Hey, Christina, who’s buying right now in Oregon. She says I’m asking some people, she text me and she group text me with Scott. I’ve never met Scott before said stinks. Looking forward to meeting you.
Nathan sheet text messages me and says, Hey, Scott, this is a guy who’s got to deal he said, Hey, Scott, when you have time to talk on the phone, I immediately talked to him on the phone, I don’t text back and forth. That’s not how you develop relationships. I don’t know if any of you guys have developed like a great relationship only over texting that’s long lasting, you need to get on the phone. Same thing like with dating a girl you can you can text your texts all the time. But really, when you meet in person or you get on the phone, that’s when you really know if you’re vibing.
So anyway, I got his contact info, we started talking and then I started sending him deals. Okay, so that’s how I got my buyer. So when I talked to Scott, what was my goal?
I didn’t call Scott and I wasn’t like, Hey, Scott. Like, what do you want? What do you want to buy? It wasn’t like that. Okay, you want to like go there and provide value. So when I talked to Scott, I’ve been wholesaling for a while.
So I called him I said, Look, man, how you doing? I do several deals. And you know, I’m looking for specific buyers, I can work with where you know, I can call them ask them if they’d be interested in a deal and I can get a response because the fact of the matter is, you know a lot of people email blasts out their deals, I don’t do that I call you directly and see if this is a fit for you or I texted you and I hope you I would like a response quickly because I only talked to about a couple buyers.
My style isn’t just blast out crappy deals to everybody and just hope that someone response. So I provide value by saying hey, you’re one of my go to guys. Okay, all right, I’d like you to be you want to get specific on what they want. Be like, also don’t want to be sending you anything that are calling you about anything that you don’t want. Let’s get specific on your criteria of what your Buy Box is what you want, how many deals you can handle at a time, all that stuff.
You want to get specific on what they’re looking for. So it’s not just like, Hey, my name is Nathan. He’s like yeah, just send me anything you get. That’s not gonna work. If some buyers like send you everything and you haven’t developed like a good relationship. They’ll probably never respond to you. So I get a specific then you can get buyer’s criteria also from agents to agents have buyers Okay, so ask the right questions. Pretty simple. I mean, so search for deals.
Now look, Brent teaches call Calling definitely cold calling works. I’ve gotten several different cold calling. But what I show tell people to do is when you’re very, very, very brand new supplement this and if you’re going to cold call great, but I also think you should do deals from these avenues because they’re free. Okay, so you got deals from the MLS that’s from multiple listing service where agents have deals, wholesalers, Facebook groups, okay, Henry, one of my students from Vietnam, who got a really thick accent, he got a deal from a Facebook group, okay, for free, didn’t spend any money.
He just looked for deals, online platforms. There’s multiple online platforms right now that that list deals, marketplaces, pocket listings from agents. So this is how I got this deal. I got an email blasts from my buy from wholesalers and agents and all this stuff in my market. And I look at those deals and say, Hey, would any of my buyers be interested in that? Now look, a lot of my buyers are on the list of all these guys like even blink homebuyers.
He was on their list, but they sent the deal out too high. I think a big problem with wholesalers, they don’t sell their deals. They spend all this time doing acquisitions, and then they blast it out to high people see it, they’re not interested, they move on. So anyway, so for 25 is what they sent it out for I saw this and I said Hmm, I think Scott would be interested. He loves Murray. Okay, so I send this to Scott, I analyze the deal. And I didn’t just send it to Scott without talking to the wholesaler.
That’s the thing. A lot of people think this is daisy chaining. daisy chaining is when you just get email other listings from other wholesalers and just send it to your buyers not what I do. Not what I teach. Not a good idea, but I do is I analyze the deal and see if it makes sense. And this is a quick analyze because analysis because I’ve been doing this for a while. So I’m like oh, this is this is close because it’s in Murray but not Not yet.
Not like close window cigar. So I called the wholesaler I called the wholesaler and I found out what was going on. Okay. And here’s some pictures of the text conversation we had. And then I called her said, Hey, Brandi, what’s up? This is Nathan, I think I have someone for your flip.
They’re like, Oh, okay. There’s a walkthrough today. I said, Hey, I sent this to one of my buyers, because you said it was cool. They’re actually a little bit lower than a lot lower than what you were asking price for 25. Should I still send them to the walkthrough? She’s like, how much lower? And then I said 393. And she said, That’s less than what we got it for. So it’s probably not worth sending your buyer. I said, I totally get it. Let’s hop on a phone call.
She actually told me for hopping on a phone call. She has it at 400,000. So we hop on a phone call, and I call her and again, it’s about providing value. So I call her I say hey, look, I have some buyers. But fortunately, it’s not gonna work. She’s like, Yeah, we might just flip this one. I was like, Do you like flipping? She’s like, No, but sometimes we flip them if we can wholesale them. So we just developed a relationship. I was just talking, you know, seeing how I could help. So a couple days later, she texts me and she says, Hey, we don’t really want to flip this thing.
Can you see if any, your buyers would be interested? And I was like, Well, I had the one at 383 I can try it again. Let me just text someone I think would be interesting. So I text Scott, we’re right here is bringing the deal to the buyer. Okay, I don’t have a JV agreement. I haven’t signed any paperwork. I haven’t done anything.
She just asked me to bring it to a buyer that I’ve relationship with. Okay, so this is all this is to get you to this point is I saw a deal on them. I picked my market I saw a deal that was a free lead. And then I called the wholesaler and said, What’s the situation again, you just don’t send it out. You say what’s the situation and I knew that they’re probably gonna have a hard time selling it because they’re overpriced, but there’s it was close, and then I bring it to my buyer.
Okay, so what happened guys is I wasn’t trying to fluff it up and be like for 10 for 15 for 20. I just said Look, dude, we have it for 100,000 If you pay a little bit more than we can get I can get it done for you. So when we got to negotiations, he’s like, Well, what do you want me to pay? Because for him just tight I said can you for seven so I can get paid and then I can get paid? I know it’s a tight deal. So let’s just get it done is okay. I can do for seven.
So I was like Okay, great. So I get back to the wholesaler and I made the offer to the wholesaler just said Hey, Are you cool with this? Are we good to go? And we negotiated they said, Yeah, 407 school, you don’t want to flip it. Let’s get it done. I know the wholesaler. I know the buyer. I know the title company. I know everybody because I’ve been doing this for a while and you’ll get to that point. So I didn’t have to sign any paperwork. Guys. I didn’t do a JV agreement. I didn’t sign a wholesale agreement. I didn’t do any of this because I knew everybody no one’s gonna sneak me out of this deal.
And by the way, and people don’t sneak out of deals if you provide value. Maybe if you just work with someone random you don’t know who they are. You don’t trust them. I would get a JV agreement. But I just said yeah, just throw me in. Just give me half of the assignment fee. So they sent all the paperwork, they filed everything to the title company after I coordinated the walkthrough. They did the paperwork again, so I just got paid $3,500 I know that’s not like crazy guys. But with three hours of work, no paperwork, no signing just a couple text messages and phone calls.
So the wholesaler did not make any money. So the wholesaler had it at 400,000 I gave it to my buyer 407 And I said Let’s split it. So both of us made $3,500 Okay, we split we split $7,000 Now if that was like your whole business, you’d obviously have to do more volume for this to make sense but for me, it’s not bad because I didn’t spend too much time I run a coaching business. So most of my time I’m gonna be honest, you guys have spent building that it takes a lot of time to do that.
So the deals that I do or like this, like where I don’t have a lot of time but I am getting more deeper into it where I’m like being able to delegate more time off in my coaching and doing this before I got into coaching. I was doing tons and tons of deals but I wanted to build it up and help people learn the strategy. And this is what I do with real estate, just you know, on the side pretty much and you know, one to three deals a month where I’m making anywhere from like 10 to $20,000 a month pure profit, okay, this there’s no marketing spend here. So let me explain how I got paid.
I connected the buyer to the wholesaler, they already knew each other they were already on the list. The reason why they didn’t work together is because they blast out their deals to hundreds of people 1000s of people on their list and they just didn’t think of this one guy that I thought of because I have a relationship with them. So they’re like, oh, you know, we know them. We know him so don’t worry about it. We’ll connect and all they did is they assigned their contract for 400,000 to Scott for 407 Okay, they signed it and on the assignment it says a fee so $7,000 fee assignment fee and then on the assignment they wrote 50% or half of it goes to Nathan Payne okay,
I didn’t have to sign it didn’t have to do anything. And then I got a call from my title lady Christina. And she’s like, Hey, we got your checks ready for you? And guys this strategy is truly I’m telling you this painless alright? takes time to build those relationships but I’m telling you it is it is painless. Let me show you like even my title lady like look how dope this is. So she wrote this anyway, sorry if you guys can’t read that but it just says Nathan the best part is I had no idea and you didn’t get a call until the check was ready truly painless, send them all my way. So my title lady didn’t even know I was involved until it was time to get paid like until she got the assignment. She was like, oh, cool, pretty sweet.
Hi guys. But I want to make sure everyone understands is how powerful this strategy is with a blown up wholesaling operation that’s crushing it for a new this is just you need to know this because I can’t tell you how many deals I’ve done through working with wholesalers. I’ve done over half a million dollars doing deals with wholesalers with little to no marketing spent I’m telling you guys this is a great strategy to supplement your business. If you liked this information, please like subscribe and hit the bell icon for more info so we can grow this channel and you can learn more about how to become a wholesaler real estate investor
