Jay walks through real estate wholesaling to make $10k monthly: use PropStream to find motivated sellers, cold call with a script asking price and motivation, calculate offers at 50-75% of comparable sales minus repairs, then sell the contract to an investor on Zillow or PropStream.
I make $10,000, I give my mom $5,000. I make another $10,000, I give my mom another $5,000. I make another— you get the point. I make all this money to help my parents out and put them in a better position, and you should be doing the same. By watching all these motivational videos and you not doing anything about it isn't helping your case. Let me actually teach you how to make this fucking money. First, we want to go to a website called PropStream to pull a list of motivated sellers. Depending on what market we pick, we really want to stick around dark blue, dark green, and light green, and these average prices. The reason we don't want to make $5,000 per deal, we want to make $20,000 deal. Once we pull that list, get the contact information, we call them and say something like this: my name is Jay, I'm looking to reach Joanna about the possible sale of the property on Main Street. If yes, ask about price, condition, motivation, and time for them to sell. Once you have that information, you will offer 50 to 75% of what the properties are selling for in the area minus repairs minus closing costs minus your profit equals the maximum allowable offer you can offer to the seller. If they agree to the offer, you will get it on paper and send it over to the title company. Time to find the investor to actually buy the house. Zillow, PropStream, Investorbase, Propwire, and Facebook are good ways
