Getting started · Lead generation

Fast Track to Real Estate Wholesaling

How to start wholesaling real estate, step by step: the Forced Traffic & Conversion strategy, built from the economics backward. Updated for 2026.

The short answer

To start wholesaling real estate reliably, begin with the economics. Deals = Traffic + Conversion, so know your cost per deal and fund it with a factor of safety, send that traffic to a credible website, sign only contracts that work for your numbers, sell them to buyers who already fit, then log, tweak, double the budget and repeat, while SEO builds free leads underneath.

The short version

  1. Know your cost per deal for the lead source you pick, and only start when you can fund it times a factor of safety.
  2. Get a credible website (Apex Vivus) so the traffic you pay for turns into leads.
  3. Start SEO now, because it takes months, and buy instant traffic meanwhile: PPC, Facebook ads, and Deal Radar’s highest-scoring owners.
  4. Work out your numbers before the appointment: ARV, repairs, your buyers’ criteria, your highest allowable offer, your fee.
  5. Sign only when the seller accepts your number, then sell the contract to buyers who already fit it.
  6. Log, tweak, double the budget, repeat. Then hire, scale and automate while SEO catches up.
PDFDownload the Fast Track To REI playbookThe complete manuscript as a 36-page PDF. Free, no sign-up.

How to start wholesaling real estate: begin with the economics

Most guides on how to wholesale real estate start with “find motivated sellers.” That skips the question that decides whether you make it: what does a deal cost you to acquire, how much can you afford to spend, and which lead source gives you enough attempts to reach a deal?

This guide is real estate wholesaling for beginners built from the economics backward. It runs in the order a working business runs:

Expected cost per deal→Capital and budget→Lead source→Conversion→Your numbers and fee→Buyer→Repeat and scale

Below is the whole strategy, wholesaling real estate step by step, from zero to your first wholesale deal and beyond. Each stage has its own in-depth guide in the roadmap, as those guides are published.

How wholesaling works in 60 seconds

New to all of this? Here’s the whole business in one picture. You find a homeowner willing to sell as-is for less than retail, you sign a contract to buy the house at a price that works, and before closing you assign (hand over) that contract to an investor who buys the house. You never own it. At closing, the title company pays everyone.

1 · The sellerAgrees to sell for $140,000As-is, on their timeline
→
2 · YouSign the purchase contractThen assign it to a buyer for a fee
→
3 · The buyerPays $154,750 at closingYour contract price plus your fee
→
4 · The title companyPays the seller $140,000 and you $14,750From the buyer’s money

Example numbers. Closing costs are extra and split according to the contracts. How the fee is paid, step by step: who pays the assignment fee.

Everything in this guide serves one of those four boxes: finding sellers, signing contracts that work for your numbers, having buyers ready, and closing cleanly.

Wholesaling isn’t saturated. Lead generation is.

When wholesaling first emerged, everyone was pitching it, everyone was trying it, yet many were struggling with it. People say that wholesaling has become saturated, but that is complete rubbish.

Wholesaling is not saturated.

Gurus realize that everyone is struggling with wholesaling, so they conveniently come up with a new strategy that magically eliminates all the issues you are experiencing with wholesaling. So here comes Guru X with his suit in front of a huge notebook with their new magic system that will remain nameless for now (“Novations.”) Why nameless?

  1. Because if they give you the name you would know that it is not some new strategy. It already exists, and the allure goes away.
  2. They will realize they are not the only ones offering it, so there is competition.
  3. Don’t you agree that if there is no name for it “yet,” it sounds and feels like it is new, that it is THEY that came up with it, and it is exclusive to them? Very tricky tactics, right?

But here is where things become shady! The way they try to manipulate you into buying into their system is by comparing the old “flawed” system, like “Wholesaling”, to their amazing revolutionary “new way to wholesale”… (“Novations”), by listing all the NEGATIVES of that old system and comparing them to the POSITIVES of “their” new system.

And you are SOLD!

Fixing the problem vs. solving the problem

You get stuck wholesaling, so you jump ship (Novations)… but every ship comes with its own leaks. Every strategy has its positives and its negatives. So what you are doing is eternally jumping from ship to ship to ship, and every time you jump ship, you are faced with a whole new (different) set of issues, and your fix is to jump ship again, eternally looking for the magic strategy that has no drawbacks. Doesn’t exist.

Instead, what you should be doing is sticking to one strategy, and dealing with the drawbacks, solving them, overcoming them, and only when you do overcome them will you become successful in this space.

Wholesaling can NEVER be saturated. Not possible. Why? Because wholesaling literally is getting a property under contract below market value and assigning that contract to a cash buyer. How can that set of actions possibly become saturated? No, wholesaling is not saturated. It is lead generation that is saturated… if you are doing it wrong.

Your issue is lead generation. Lead generation is the core of everyone’s problems. So, let’s solve the lead generation problem, not just fix it.

Data, not opinions

Guru “X” made $2M cold calling the foreclosure list. Good for them! This, however, doesn’t mean that you too will make $2M doing the same thing they did: “Cold Calling.” This and strategies like these are “experience-based” or “opinion-based” strategies. Results will vary, as you must have noticed yourself.

Wisdom is the understanding that you are not Guru X, with their resources, resolve, luck, voice, persona, or character interacting with people on the phone.

I don’t care about anyone’s opinion. The only thing I care about is data, raw, unfiltered, unprocessed, accurate, and unopinionated.

That is why this guide starts with your numbers, not with a strategy someone else got lucky with.

The words you’ll see, in plain English

Wholesaling
Putting a house under contract with the seller, then assigning that contract to a buyer for a fee, without buying the house yourself.
Motivated seller
Anyone willing to accept an offer below market value for their house, whatever the reason. Needing to sell doesn’t make someone motivated; being willing to take a below-market offer does.
Lead
A person or property that has entered your pipeline, like a form filled in or a call.
Qualified lead
A lead that meets your criteria: a house you’d buy, an owner who can sell, and a real reason and timeline.
ARV (after-repair value)
What the house will sell for once it’s fixed up, based on recent sales of renovated houses nearby.
Comps
Comparable sales: recently sold houses similar to yours, used to work out the ARV.
Repairs / scope of work
The list of work the house needs, priced line by line.
Highest allowable offer (MAO)
The most you can offer the seller and still sell the contract to a buyer and keep your fee.
Assignment fee
What you earn: the difference between what the buyer pays and your contract price with the seller.
Purchase agreement
The contract between you and the seller. For wholesaling it must allow you to assign it.
Assignment agreement
The contract between you and your buyer that hands over your purchase agreement and states your fee.
Earnest money deposit (EMD)
Money put down when a contract is signed, held by the title company, to show the buyer is serious.
Title company / closing attorney
The neutral party that checks the title, handles the money and closes the deal. In some states an attorney does this.
Cash buyer
An investor who buys with cash or fast private loans, usually to flip or rent the house.
Buy box
What a buyer buys: areas, property types, price range, how much repair work they’ll take on.
Skip tracing
Finding an owner’s phone number or email from their name and address.
Farm area
The neighborhoods you choose to focus on.
Cost per lead / cost per deal
What one lead costs, and what one deal costs. Cost per deal is the one that decides if you make money.
Factor of safety
A margin you add to your budget because real results vary.
Disposition (“dispo”)
Selling your contract to a buyer.

The real estate wholesaling roadmap

Six stages, in the order you’ll need them. Each one is covered on this page; the in-depth guides go further.

  1. 1
    Know your economics

    Before generating leads, know what a deal is likely to cost you to acquire, and how much you can afford to find out.

    On this page: Cost per deal · Factor of safety · The setup checklist

  2. 2
  3. 3
    Convert sellers

    Turn the traffic and the owners you found into conversations and appointments.

    On this page: Credibility · Step 1: Your website · Your first seller call · The seller appointment

  4. 4
    Analyze and price the deal

    Work out what the house needs and what buyers will pay, so the contract works for your numbers.

    On this page: Step 4: Your numbers · Pricing your deal

  5. 5
    Find the buyer

    Sell the contract to buyers whose real purchases show they fit it.

    On this page: Buyers first · Sell the contract

  6. 6
    Scale

    Grow deal volume without letting acquisition cost and complexity grow faster than profit.

    On this page: Step 5: Repeat · When it’s not working · Step 6: Hire · Step 8: Automate

Your first 90 days

If you do nothing else, do this, in this order. Each line links to the part of this guide that shows you how.

WhenDo thisHow
Week 1Read this guide once, start to finish. Pick one lead source you’ll start with.The roadmap
Week 1–2Ask at least three local investors what that lead source costs them per deal. Calculate your expected cost per deal and your starting capital.Cost per deal · Money you need
Week 2–3Do the setup checklist: your state’s rules, an attorney-reviewed purchase contract and assignment agreement, a title company that closes assignments.Before your first lead
Week 3–4Get your website live and start a buyers list from recent investor purchases near you.Step 1 · Buyers first
Week 4–12Run your one lead source at its full test budget. Answer every lead the same day. Follow up for weeks, not days.Step 3 · Your budget
Every callUse the first-call checklist. Book an appointment when there’s a real reason and timeline.Your first seller call
Every appointmentHave your numbers before you go: ARV, repairs, your buyers’ price, your highest allowable offer, your fee. Walk away if the seller won’t reach your number.Step 4
Every weekLog leads, appointments, offers and contracts by source. If something stalls, check what’s not working.When it’s not working
First contractSend it to your buyers with the proof, pick the best buyer, close through the title company.Sell the contract · How you get paid
After closingPay back what the deal cost, fund next month, and run the cycle again.Step 5

The meaning of life: Deals = Traffic + Conversion

I am about to tell you how to make money in a reliable way using a proven and battle tested system, even if you know nothing about marketing or wholesaling (you will learn this as you go). I will explain in excruciating detail how to get your offers and contracts accepted reliably without you having to cross your fingers.

I have developed The Forced Traffic & Conversion strategy to speed up “making money through Real Estate Investing”, big time. It works great for seasoned investors and beginners alike, but especially beginners will appreciate this, as it will get you up and running scaling your business within months, not years.

Yes, it is lead generation that will make you successful. Any system, promise, product that promises you success without taking lead generation seriously is a scam, PERIOD!

But first, let me explain the true meaning of life! Are you little minions ready? Are yeh? Well okiedokie then, here goes. Get your pens ready. Here goes, are you ready? Seriously ready? REALLLY rrrrrrreaaallllly ready? OK fine, calm down. Here is the meaning of life:

Deals=Traffic+Conversion

Well, there you have it, folks. Whooaaaahhhhh, the crowd goes wild! Where is my stinking Nobel Prize?! Heck, I deserve 3.

This is a very true and valid equation, yet very generic, right? “Traffic” could be anything: DMM, cold calling, heck, tie a note with your phone number to a brick and throw that brick through someone’s window. Trust me, your response rate will go through the roof! (Yeah, don’t do that.) So let’s get a bit more specific:

Deals=SEO (gives us Traffic)+Credibility (gives us Conversions)

Oh snap, I am a genius! This is more like it. Before you roll your eyes and whine “Ohh come on, is this just an SEO training?”… NO darn it. It is not. Do you want to make your first wholesale fee within a month or not?! OK then, hush and keep reading!

The 4 stages of lead generation

When it comes to finding motivated sellers, many believe that all it takes is action: sending mailers, making calls, texting, or running Facebook or PPC ads campaigns. However, let me challenge this narrative. Knowing your audience and crafting the right message are essential. If you plan on selling baby cow burgers, no matter how tasteful they are, vegetarians are not going to buy them.

And even when your message resonates, that is not nearly enough. Just because your message resonates with an audience does not mean they think you are competent, trustworthy, or credible. A 12-year-old might be able to explain the intricate workings of a parachute, as an expert would, but that doesn’t mean you’d trust a parachute made by that kid.

So here is the complete equation. Whatever channel you use, there will always be these 4 stages:

  1. You Need To Get In-Front Of Them.
    Organic strategies: they look for you and find you. Paid ads: you position yourself forcibly in front of them. Referrals: others refer you, to them. Being in front of your ideal audience gives you at least a chance to generate leads.
  2. They Need To Notice You.
    Seeing and noticing are not the same. They have your mailer literally in their hand (to throw it in the garbage). When you’re the 100,001st ad they’ve encountered, your presence won’t have any significant effect. Or you’re one result among countless others, like fish swimming in a huge school: “Not seeing the tree through the forest.”
  3. They Need To Be Interested In Your Message.
    If your message is “I have food” and your audience is starving, your message resonates 100%. I call this Message Resonance. The more your message resonates with the pain point your audience is experiencing, the higher the probability they stop what they are doing and listen.
  4. They Need To Pick You.
    Competence, personality and credibility: the 3 pillars of a conversion. If your ideal audience believes you are fully capable of solving their problem, finds you enjoyable and easy to work with, and can clearly see that you have successfully done this many times before, can you think of any reason they wouldn’t choose you?

Traffic is stages 1 and 2. Conversion is stages 3 and 4. Deals = Traffic + Conversion.

Credibility is the catalyst to conversion

Most (if not all) people underestimate Credibility. People everywhere simply think: “All you have to do, to be credible, is show your reviews, put your phone number on your site, take a picture of yourself and… you are set.” Well… if done right, yes, maybe… but believe me, even YOU, yes you, are doing it wrong.

A lot of investors have a website that is either stock, with absolutely no credibility, or they try too hard to be credible. Do you know what happens when you try too hard for someone to believe you? They will believe you less! Credibility is both an art and a science.

Credibility is not a set of tasks to be completed. It is the desired RESULT of completing a certain set of tasks. Credibility bridges the gap due to the lack of trust between you and your traffic. And unlike SEO, credibility is instant: you can be done in 2 to 4 weeks, and you have full control over it.

Just because your message resonates doesn’t mean they believe you. Credibility is not doing a set of actions, like “putting a picture of yourself up on the website”. It is the effect doing a set of actions has on people.

Jerryll Noorden, arms crossed, leaning on his black pickup truck with a We Buy Houses in Connecticut logo, in front of a yellow house
Me, next to my house flipping truck. Believable.
An elderly woman standing next to the same We Buy Houses pickup truck in front of the same yellow house
Miss Betty, next to the exact same truck. Same task. Not believable.

My point: if it was just about the actions, Miss Betty, a 90-year-old little granny, would be a credible house flipper. Because we did the exact same set of tasks, which is putting a picture of ourselves up next to a house flipping truck. I am believable, she is not, despite us doing the exact same task.

It is how the set of actions comes across to someone, not the actions themselves.

Build credibility, step by step

You’ll need
  • Your real photo (not stock)
  • A local phone number and business address
  • Proof: reviews, and photos of houses you bought or fixed
Time2–4 weeks, at your own pace
  1. Show a real person.
    Your own photo, your name and a short, honest story of who you are and why you buy houses. Stock photos of smiling strangers are the fastest way to lose trust.
  2. Show you are local.
    A local phone number, a real business address and the areas you buy in, by name.
  3. Show proof, not promises.
    Reviews with real first names, and before-and-after photos of houses you bought. Start with what you have; add more after every deal.
  4. Explain the process plainly.
    Three or four steps, in the seller’s words: we look at the house, we make a written offer, you pick the closing date. No jargon.
  5. Make contact effortless.
    A short form (the SmartForm: one tap on the seller’s situation, then just the address, phone and email) and a phone number that a person answers.
  6. Remove anything that tries too hard.
    Fake countdown timers, “we pay top dollar for ANY house”, rows of badges, walls of exclamation marks. They lower trust.
If this happensDo this
You have no deals or reviews yetSay so honestly: tell your story and show how you work. Honesty converts better than a thin wall of fake proof.
Sellers call but ask “is this legit?”Your site isn’t doing its job yet. Add your photo, address and a plain explanation of the process.

SEO: the lifeline of efficient deal making

We have one part of the equation covered (credibility). Now we need traffic. How can we get instant traffic? Well, easy: PPC, Facebook ads, DMM, pick one, heck, pick two! Just remember: that’s traffic. What turns traffic into motivated seller leads is credibility.

Meanwhile SEO works on the long game. Now that you have a very credible website and plenty of traffic heading to it, you make deals, immediately. Now you know enough to understand the FT&C strategy!

The basics: making money through REI (reliably)

Tell me… Does this sound familiar?

“Well, everyone tells me to do DMM and I (only) have $2,000 in my account, so I will spend $1,000 on DMM and try to get a deal.”

Yes? Well, guess what. That is a sure way to fail! People often don’t do any research, no analysis, no nothing before diving in. They jump in headfirst and just hope they dive into waters deep enough not to hit their head on the bottom.

Stop winging it! Use your head, be smart and remove randomness, chaos and probability from your path to success. So pay attention!

Cost per lead (and why it means CRAP)

Ever heard of cost per lead? No? Dude, what is the matter with you!! Kidding, kidding… It’s how much one single lead costs. Spend $10,000 on DMM and get 200 leads, and your cost per lead is:

$10,000÷200 leads=$50 per lead

You’d think this is a useful number to know before you spend money on marketing, right? Well… almost. Cost per lead means CRAP! A lead means nothing if you target the wrong audience: non-motivated sellers who all want market value for their house. Those leads will not make you any deals.

Cost per deal: the number that matters

NOW we are talking. Cost per deal is how much you need to spend on a lead source before you make one deal. Yes, how much money you would need to spend before you MAKE MONEY! This metric matters, not cost per lead.

Each lead generation method, in each market, has its own numbers. For DMM in Houston the cost per deal could be $3,429.23; in Augusta, GA, it could be $1,200. So if the cost per deal for DMM is $4,000 and you only have $2,000, for PETE’s sake, DO NOT just spend $2,000 on marketing. No matter how often you spend it, you will (likely) NEVER get a deal. You’re throwing away your money, LITERALLY!!

Find your cost per deal, step by step

You’ll need
  • One lead source to measure (PPC, Facebook ads, DMM, Deal Radar…)
  • 3 or more local investors who use it
  • A notebook or spreadsheet
TimeA week of REI meetings and phone calls
  1. Pick one lead source.
    Measure one channel at a time. Mixing them hides which one actually pays.
  2. Ask local investors for two numbers over the same period.
    How much they spent on that source, and how many deals it produced. Go to REI meetings and ask the successful players. Write down their market and strategy too.
  3. Ask how much work it took.
    It’s not only money per deal, it’s effort per deal. DMM takes a LOT of work.
  4. Add up the spend and the deals, and divide.
    Total spend ÷ total deals = cost per deal for that source, in your market.
  5. Replace their numbers with yours as soon as you can.
    Once you’re running, Apex Vivus ties every lead to the source that brought it in, so your own cost per deal by channel is in your numbers.

Factor of safety: ensuring success

In the world of engineering, a Factor Of Safety (FOS) is used to get conservative results despite fluctuations in your data and factors you cannot control. Maybe one of those investors is pretty and gets more attention from sellers. Maybe one got really lucky with a deal. So we stay on the conservative side.

Set your budget, step by step

You’ll need
  • Your cost per deal
  • Your marketing money
Time5 minutes
  1. Pick a factor of safety between 1.3 and 1.7.
    Higher if your data is thin (few investors asked) or the market is new to you. The higher it is, the more likely you get a deal, and the more money you need to start.
  2. Multiply.
    $972.78×1.5=$1,459.17
  3. Compare it with the money you actually have.
    If you have it, start. If you don’t: STOP, and get that money first.
If this happensDo this
You only have part of the budgetDon’t start with half. A two-month job at McD’s saving up the budget gets you there faster than spending money that can’t produce a deal.
Your first month produces no dealCheck targeting before budget. The right audience plus enough budget is the rule; one without the other doesn’t work.

If $972.78 in theory gets you a deal, upping your budget to $1,459.17 should definitely get you a deal, right? Exactly! That is the purpose of the factor of safety. Now, would you like Uncle Jerryll to tell you exactly how to eliminate luck from getting contracts signed and wholesaling that contract, like a friggin BOSS? Bet your ass you do! Wine ready? OK, let’s doot this!

Before your first lead: the setup checklist

Do this before you spend a dollar on marketing. If a seller says yes, you need a contract to sign and a way to close, that day.

You’ll need
  • Your state real estate commission’s website
  • A local real estate attorney (once)
  • A title company or closing attorney
Time1–2 weeks, mostly waiting on replies
  1. Check your state’s rules.
    Search your state real estate commission’s website for “wholesaling”. Some states require a license to market contracts, or written disclosures to the seller before signing, and several changed their rules in 2025 and 2026. More: do you have to disclose your assignment fee?.
  2. Get a purchase agreement that allows assignment.
    The contract you’ll sign with sellers must allow you to assign it to another buyer. Have a local real estate attorney review it once, before you use it.
  3. Get an assignment agreement.
    The contract you’ll sign with your buyer: it hands over the purchase agreement and states your fee and the buyer’s deposit. Same attorney, same visit.
  4. Line up a title company (or closing attorney) that closes assignments.
    Call two or three and ask: “Do you close assignment deals? How do you show the assignment fee on the settlement statement? What do you need from me?” Pick the one that answers clearly.
  5. Set up how sellers reach you.
    A business phone number that someone answers, a business email, and a place to log every lead with its source (Apex Vivus does this; a spreadsheet works to start).
  6. Decide your business structure.
    Many wholesalers use an LLC. Ask your attorney or accountant what fits you; it’s not required to learn the process.
If this happensDo this
Your state requires a license to wholesaleGet licensed, or partner with a licensed agent, before you market any property.
A title company won’t close assignmentsUse one that does. Ask before you have a contract, not after.
A property is listed with an agent or bank-ownedThose contracts usually don’t allow assignment. Start with houses you contract directly with the owner.
Before you move on
  • You know your state’s wholesaling rules
  • Your purchase agreement and assignment agreement are attorney-reviewed
  • A title company has agreed to close your assignments
  • Your phone, email and lead log are ready

Step 1: Just START. Get a real estate investing website!

How would you feel if I told you that you can start scaling your business into a money generating machine the moment you start? Sounds like a guru pitch, huh? Well, don’t believe me then! See if I care, loveyoubuhbye! Most businesses struggle to start, then grow, and only after years think about scaling, hiring and systems. WHY wait?

If you were like me, you go to BiggerPockets and read everyone telling you the same crap: “do driving for dollars, do bandit signs, you buy lists”… bla bla bla, ALL WRONG!! FORGET lists, forget D4D, CC, bandit signs! Stop winging it. You start with a website. Not just any website: an Apex Vivus website.

Apex Vivus

Your website. Built around you.

Upload four photos of yourself. Get a complete, personal seller site, with the SmartForm built in.

An Apex Vivus seller website with the SmartForm open
The website builderUpload four photos; it builds a complete personal site with you on it.
The SmartFormOne tap on the seller’s situation, then three fields. That’s the whole form.

Your website has your name, your face, your business address, your phone number, (and eventually) your reviews, testimonials, pictures of houses you bought… CREDIBILITY. It’s not only useful after you rank #1: it’s your calling card, your online hub, that shows you are real, legit, and awesome! Period!

And an Apex Vivus site isn’t a website bolted onto five other tools. It’s one system: the seller fills in the SmartForm, and that lead lands in your CRM already carrying the property, the comps, the repairs, your offer, your buyers and your follow-up, on one rail. Nothing gets retyped, nothing gets lost.

Get your site live, step by step

You’ll need
  • An Apex Vivus account
  • Four good photos of yourself
  • Your story, phone and address (from the credibility steps above)
  • The cities or areas you buy in
TimeA few days, mostly writing your story
  1. Upload four photos of yourself.
    The website builder turns them into a complete, personal seller site with you on it. Add your company name, the areas you buy in, and your local phone number.
  2. Add everything from the credibility steps.
    Your real photo and story, your address, your proof, and a plain explanation of how you buy.
  3. Test the SmartForm yourself.
    Submit your own address as a seller, and check the lead lands where you and your team will see it, with a notification to your phone and email.
  4. Decide who answers, and how fast.
    Motivated sellers talk to whoever responds first. Set who gets each new lead and make sure someone responds the same day.

Step 2: Deals = SEO + Credibility

Do SEO yourself, hire it out, I do not care! The SEO (& Credibility) efforts need to start IMMEDIATELY though. Let’s assume you hire someone (who friggin KNOWS what they are doing). I am already sad for you, because I am 100% sure whomever you hire will do SEO wrong. EVERYONE is doing it wrong, I promise you this!

Hire SEO the right way

  1. Agree on what they rank you for.
    Seller searches in your cities: “sell my house fast [city]”, “we buy houses [city]”, “cash for houses [city]”. Not your company name.
  2. Ask for a monthly plan and a monthly report.
    What they will publish or fix this month, and where you rank for those searches now.
  3. Judge them on leads, not rankings alone.
    Organic seller leads in your CRM, month over month, are the number that matters.
  4. Walk away from guarantees.
    Nobody can promise #1 on Google. Anyone who does is selling, not doing SEO.

You need money to make money

Marketing is the lifeline of your business. If you are afraid to spend money, you shouldn’t be an investor. PERIOD. So, to all you people that are going to “wait till I have some money to start marketing”, DUDE… NO… BAD! BAD! NO! NO!

Every month you do not make money, you lost money. Rent, utilities, dog food, family food, mortgage, insurance… you name it. And every month you lost money means less money for marketing next month. If you do not market, you are drowning! This is why it is CRUCIAL to make money ASAP.

Don’t go door knocking or driving for dollars “because that’s free”. You are winging it. If you simply don’t have the money to market, you will become successful a LOT faster if you take a two-month job at McD’s, save up $3,000 (or whatever your cost per deal number is) and start investing the right way. If you want a magic formula that makes you money overnight without work, dude, go back to sleep! BUT if you want a systematic, realistic and battle tested way, worship me and keep reading, damnit (but definitely, worship me).

Step 3: Traffic. Ads now, signals always

You now have a website, and it is credible. All we need to do now is drive traffic to it. But not so fast, buster. Easy, Seabiscuit! Not just ANY traffic… highly motivated seller traffic! Well, definitely not from DMM, cold calling, driving for dollars, or bandit signs. Why? Ask yourself this question. What does Apple do?

Google search for apple, with the paid Apple ad at the top

PPC / Facebook ads. OK… well, what does Nike do?

Google search for nike, with the paid Nike ad at the top

PPC / Facebook ads. Toyota, Samsung, Levi’s, Ray-Ban, McDonald’s, heck, everyone that is someone?

They ALL do friggin PPC / Facebook ads. (Damnit.)

Apple could easily pay an army of minions to cold call for them. Yet they choose PPC and FACEBOOK FRIGGIN ADS!! Why? Because they are GUARANTEED to work… as long as (1) you are targeting the right audience and (2) you have enough budget dedicated to your campaign (think cost per deal here). Satisfy these 2 criteria and you WILL get leads.

Set up seller PPC, step by step

You’ll need
  • Your budget (cost per deal × factor of safety)
  • Your Apex Vivus seller page
  • A Google Ads account
TimeA day to set up, then 30 minutes a week
  1. Pick seller keywords for your area.
    “sell my house fast [city]”, “we buy houses [city]”, “cash for houses [city]”, “sell house as is [city]”.
  2. Add negative keywords.
    Keep out people who aren’t selling a house: rent, apartments, jobs, realtor, agent, mortgage, free.
  3. Target only the areas you buy in.
    Your cities or ZIP codes, not the whole state.
  4. Send the clicks to your seller page with the SmartForm,
    not your home page.
  5. Track what counts.
    Form submissions and calls as conversions, then in your CRM: appointments, contracts, deals.
  6. Review weekly, judge monthly.
    Cut keywords that bring the wrong sellers. Judge the campaign on cost per deal, never on clicks.

Lists and signals: people who might become motivated

Public records show circumstances: a tax bill that goes unpaid, a pre-foreclosure filing, a probate case, a vacant house, an owner who moved away. But a circumstance isn’t motivation. Motivation is a response to a circumstance, not the circumstance itself: Foreclosure + Motivated = Potential deal. That’s why the best leads are the ones who search and find you. More: what a motivated seller really is.

So a list is a list of people who can potentially become motivated. If you work one, the point is to reach them before anyone else does, and before they hit Google, with a message that points to your credible website, so that when they’re ready, they already know who you are.

Deal Radar · Today’s highest scores
1418 Bellaire BlvdTax delinquent · vacant · code violation92
77 Maple CtPre-foreclosure · absentee owner88
2210 Ridge RdProbate · long-term owner81
9 Harbor LnExpired listing · high equity74
512 Oak StDivorce filing · tired landlord69
Score = probability the owner sells below market value

Deal Radar is built on that definition. It doesn’t treat a circumstance as motivation: every night it scores each property in your farm area (the neighborhoods you choose to work) on the probability that its owner is willing to sell below market value. The higher the score, the higher that probability. So if you do outbound, you start with the owners most likely to be motivated, and you skip trace only those instead of paying to trace every name on a list. A score is a probability, not a promise: the owner’s own response is still what confirms it.

Work Deal Radar, step by step

  1. Draw your farm area.
    The neighborhoods where your buyers buy. There’s no point finding sellers where nobody wants the house.
  2. Let it run nightly.
    Every morning you get the properties whose signals changed, scored and ranked.
  3. Qualify before you trace.
    Look at the top of the list first. Skip trace the ones above your score threshold, by hand or with an automatic rule and a daily ceiling.
  4. Reach out with a “visit my website” message.
    Point owners to your credible website, and follow up so nobody is forgotten. The ones willing to take a below-market offer will choose you.
  5. Log the outcome.
    Deals, and dead ends. Your cost per deal for Deal Radar comes from exactly these numbers.

The recipe to success: month one

Line up buyers before your first contract

The worst moment in wholesaling is a signed contract and nobody to sell it to. Start your buyers list now, from people who have actually bought houses like the ones you’ll contract.

  1. Find recent investor purchases in your farm area.
    Cash or company buyers, the last 12 months. How: how to determine your assignment fee from real buyer data, Step 4. (Deal Radar lists them for you.)
  2. Write down who bought.
    The buyer’s name, the addresses they bought, what they paid and whether they resold. Buyers who bought more than once go at the top.
  3. Find how to reach them.
    For company buyers (an LLC), your state’s business search on the Secretary of State website shows the company’s address and registered agent. Skip tracing finds phone numbers.
  4. Call and ask for their buy box.
    “I saw you bought on Maple Street. I find off-market houses in this area. What do you buy: which areas, what price range, how much work will you take on, and how fast can you close?”
  5. Meet more at local investor meetings.
    Your local REIA and investor meetups. Note the ones who actually buy, not just the ones who say they do.
  6. Keep the list current.
    Update what each buyer bought, and remove the ones who never buy.

A short list of buyers who have really bought near you is worth more than a long list of emails. REILink’s DispoAid and Buyer Radar recruit and match buyers for you; the method above works with a spreadsheet.

Your first seller call

The first call isn’t for making an offer. It’s to understand the seller’s situation, and decide whether it’s worth an appointment. Listen more than you talk, and write down the answers while you listen.

Ask aboutFor exampleWhy it matters
The situation“What has you thinking about selling?”The reason helps you understand what they need.
Their expectations“We buy as-is and take on the repairs, so our offers are below what an agent might list it for. In return you get speed and certainty. Would that work for you?”This is the real test: a motivated seller is someone willing to accept a below-market offer.
The timeline“When would you ideally like to be done?”No timeline usually means no deal soon.
The property“How many beds and baths? What work does it need? Is anyone living there?”Condition drives your repair estimate.
The money“Is there a mortgage on it? Do you have a number in mind?”Tells you early if the numbers can work.
Who decides“Is anyone else on the title, or part of the decision?”Everyone on title must sign.
The next step“Could I come see the house on Thursday?”An appointment is the goal of the call.
If this happensDo this
They want full retail price and have no reason to sellBe polite, leave the door open, and follow up later. Don’t chase it now.
They ask for your offer on the phoneExplain you’ll give a written offer after seeing the house, so it’s based on its real condition.
Someone else on the title isn’t involvedGet everyone on title at the appointment, or the contract won’t hold.

Then do your numbers before the appointment, as in Step 4 below.

Step 4: Getting your first deal. Wholesale like a boss!

SEO takes time to creep in, so while it’s being worked on, we market through PPC (and Deal Radar) and send that traffic to our credible website. All we focus on is getting one deal. Indeed, JUST one.

Wholesaling this deal is not going to be a matter of luck. The second you sign a contract from your marketing, you WILL wholesale it, and this is also a “guarantee” (between quotes, because obviously no one can guarantee you will make money, but go with me on this). You know how I am so sure? Because you do not sign a contract until the numbers work FOR YOU! None of this crap where you sign based on the lowest number the seller is willing to sell for. YOUR numbers are the only numbers that matter!

When you ONLY sign contracts that work for you (and thus your back-end buyers), you will sell every contract within hours, not days. Why hours? Because everyone is short on leads, and here you are with a juicy fat contract that satisfies every hungry buyer’s criteria in your area. If one buyer blinks, 3 others will already be begging you to snatch it!

Get your numbers before the appointment

You’ll need
  • The address and what the seller told you
  • Photos of the house
  • EstiMate, OfferAid and MaxFee (or a spreadsheet)
TimeAn hour, before you go
  1. Find the ARV.
    3–5 renovated sales nearby from the last 3–6 months, similar size and beds. Step by step: how to determine your assignment fee from real buyer data, Step 2.
  2. Price the repairs line by line.
    EstiMate builds the scope from photos, priced with your own contractors’ rates. Add 10% for surprises.
  3. Find what your buyers actually pay.
    Your back-end buyers’ criteria and, better, what investors near the house really paid. That sets the price you can sell the contract for.
  4. Work out your highest allowable offer.
    The buyers’ price minus your fee. OfferAid does this; here’s the math: MAO vs. assignment fee.
  5. Set your fee from the data.
    MaxFee shows the fee the deal and its buyers support, not a nice round number you made up.
If this happensDo this
The seller won’t go down to your highest allowable offerShake their hand, give them your card: “call me if you are ready to get a legitimate cash offer”, and walk away.
The repairs are bigger than you expectedYour offer goes down, not your fee. Redo the numbers before you talk price.
Deal RoomThe deal, its numbers and what happens next, in one place.

The wrong way to wholesale

This is what most wholesalers do: they negotiate, negotiate and negotiate until the seller won’t budge below a certain number, rush to sign at that number, and rush again to find a buyer, hoping someone will buy it. This is of course NOT how you do it. Sheesh, people! The ONLY way a contract gets signed is if the seller agrees with your highest allowable offer… PERIOD.

The seller appointment, step by step

  1. Tell them you won’t buy it yourself: you’ll wholesale it.
    And explain why that’s good for them.
  2. Explain the two options.
    “See, mister seller, we can either buy your house ourselves and flip it, meaning I have to bring it to the exact same condition as all the other houses on the market, having a lot of costs in the process, thereby having to give you a lower offer… or I can wholesale it to a buy and hold investor that will use the house for passive income. These investors are not going to refinish the floors or put granite countertops in. They have far lower repair costs and their offer is much higher.”
  3. Offer a one-week contract at your highest allowable offer.
    “What we can do is sign the contract for $X, for just one week. I will know if this offer is a good offer because we will get a lot of hits. If there is interest, we can extend to 2 to 3 weeks. If no one is interested, we tear up the contract and you lost but 2 days. So, what will it be?”
  4. Show the scope of work, line by line.
    The comps (in full technicolor pictures of their beautiful kitchens and baths) demand a new kitchen, new paint and whatever else, and each line has a price. Always honest and transparent: then your numbers back you up.
  5. When they dispute the repairs, open the numbers.
    You reach into your pocket as the seller’s face turns from wonder to sheer horror, and you whip out your huge black… phone, people, phone! You used to go to HomeDepot.com; now you open EstiMate and show them that a new set of appliances is $3,000, not $450, a new bathroom $5,000, not $575, and a new kitchen not 2 grand but friggin $17,000. And… crickets.
EstiMateScope of work · 512 Oak St
Kitchen: cabinets, counters, lighting$17,000
Bathroom: vanity, tub surround, tile$5,000
Appliance package$3,000
Flooring: 1,300 sq ft vinyl plank$4,550
Interior paint$3,200
Surprises (10%)$3,275
Total repairs$36,025
Every line priced with your own contractors’ rates, with photos attached.

You can NOT argue with the numbers. They are not going to start this entire process over with some other investor who most likely is not going to be as awesome, honest, caring, transparent, and good looking as you, KNOWING your numbers were legitimate. No other investor is going to magically get a new kitchen for $6,000. If they are truly motivated, they accept, and BOOM! Done deal!

Sell the contract, step by step

DispoAid · buyers matched to your contract
Buyer #1Flipper · bought 4 similar houses this yearFits
Buyer #2Flipper · cash · closes in 10 daysFits
Buyer #3Landlord · buys in this ZIPFits
Buyer #4Flipper · max price below yoursToo low
  1. Match the contract to buyers who fit it.
    DispoAid finds the buyers whose buy boxes and real purchase history fit this house, and REILink recruits those buyers for you, so they’re there before you need them.
  2. Send one fixed price with the proof.
    ARV comps, the repair scope, photos, access and the closing date. How to pick that price: how to price a wholesale deal for cash buyers.
  3. Take the best buyer, not just the highest number.
    Deposit, financing and closing history matter as much as the price.

So now you see clearly: you WILL get leads (right audience), a deal (you obeyed the cost per deal rule), a signed contract (honest, transparent numbers), and a sold contract (a solid deal in a flock of hungry cash buyers), and thus you WILL make your wholesale fee. Not a round number you hoped for: the fee MaxFee showed you the deal and its buyers support. On our example deal, that’s $14,750. BOOM. BOOYAHW. Go Jerryll, it’s your birthday!

Pricing your wholesale deal

Once a seller has accepted your number, the next question decides your paycheck: what price will buyers actually pay for this contract, and so what assignment fee can this deal support?

The answer doesn’t come from a rule of thumb or a round number. It comes from what investors near the house have really paid for similar houses, adjusted for value and repairs, turned into a buyer-supported price range, then checked against how many buyers are still in at each price and whether the buyer still makes a fair profit.

That’s a whole method on its own, so it has its own knowledge center: fifteen guides and a free worksheet.

Continue to the Assignment Fee Knowledge CenterPrice your deal from real buyer dataUse actual investor purchases, property economics and buyer depth to determine the fee your specific deal can support.Start with the complete guide →

Or go straight to the step-by-step method: how to determine your assignment fee from real buyer data.

Step 5: Repeat. The FT&C method!

The FT&CcycleMarketTraffic to acredible siteSignOnly when yournumbers workSellTo buyers alreadymatchedLog & tweakWrite down whatto improveDoublePut the profitback intomarketing

Now things are getting exciting! You were down $3,500 at the start, but by the end of the first cycle, you made $14,750!! Yeah, baybee! So, what do you do now? Wells, I’lls tells yous whats yous doos!

First: take the $3,500 out of the $14,750 and shove it up your damn brown or black damp musky stinky smelly… wallet, people, wallet. You thought I was going to say something else, didn’t you. You all need help! Second: spend another $2,000 on next month’s SEO. Third: double your marketing budget to $3,000. If $1,500 gets you 1 deal, $3,000 should get you 2 deals (at least). Why “at least”? Because you wrote down everything that didn’t go as planned. The second time around should be better!

Run the cycle, step by step

  1. Keep a log from day one.
    What caused stress, delays, what you missed, what could have been avoided.
  2. Fix the top three things before the next cycle.
    Not everything. The three that cost you the most time or money.
  3. Double the budget only while cost per deal holds.
    If a doubled budget brings twice the deals, double again. If cost per deal jumps, fix targeting before adding money.
  4. Set each fee from its own numbers.
    Every deal gets its fee from MaxFee, never a round guess.
  5. Repeat.
    Once could be dumb luck. Twice, doing the same thing, is a SYSTEM!

You do it again: two deals, each at the fee its own numbers support; say they land near the first one, and you made about $29,500. Out of that you pay another month of SEO and put $7,000 into marketing. Now you make 5 deals or more: 5 × $14,750 = $73,750, less $9,000 of marketing and SEO, is $64,750. You’re not spending a single cent out of your own pocket anymore. Your money is making you more money: the Money-Making-More-Money Machine. WHAAAAAAAA?? Calm down, Seabiscuit! Because now your one-person team (you) can’t handle the leads.

When it’s not working: find the broken step

When deals don’t come, don’t just spend more. Find the first step that’s failing, and fix that one.

What you seeLikely causeWhat to do
No leads after your full test budgetTargeting, budget or websiteCheck the audience and keywords, that the budget matched your cost per deal, and that the website converts. Cost per lead vs. cost per deal
Leads, but they aren’t sellersWrong audienceTighten targeting and negative keywords; write down your qualified-lead criteria.
Leads you can’t reachSpeed and follow-upAnswer the same day, and follow up for weeks with calls, texts and email.
Conversations, but no appointmentsThe first callUse the first-call checklist; ask about the situation and timeline before anything else.
Appointments, but no contractsYour offer or trustBring the scope and the comps; explain the numbers honestly; walk away when they don’t work.
A contract, but no buyerPrice too high, or no buyers lined upRecheck the price against what investors paid; build your list from real purchases. How to price a wholesale deal
A buyer backs outWeak buyer or deposit termsPick buyers by track record and deposit, not just price. How the fee is paid
Deals, but no profitCost per deal is higher than your feesRecalculate cost per deal and set fees from buyer data. Cost per deal · Determine your fee

Step 6: Hire people. Fire yourself!

You: build the systemAcquisitions managerReceptionistDispositions

Now you stop… Step back. Look and admire what you have built. See the bigger picture, grab that wrench, and prepare to tweak and adjust. If you think that hiring people will magically lessen your workload? No, it won’t. Your job now is to train these people to fit the system. At least this is a temp job.

Hire in this order

  1. Someone to answer and book.
    A receptionist who answers every lead fast and books appointments. Speed wins sellers.
  2. An acquisitions manager.
    Runs the numbers and the appointments your way: the steps in Step 4 become their playbook.
  3. Write down how you do it before you hand it over.
    Your log from the cycles is the start of that playbook.
  4. Note every bottleneck, and fix it with training or the next hire.
    Then give it a try, observe, analyze and tweak.

Because everyone works in the same Apex Vivus system, every lead, note, offer and follow-up is in one place your team can see.

Step 7: Scale up and grow!

Cycle 1Cycle 5

With every new cycle of marketing, increasing your budget and tweaking, you increase your budget even more. Keep in mind, there comes a point where scaling your budget does not linearly scale your leads. I am aware of this, and so should you be. But by that time something very interesting should happen… read on. Little did you know that you have been scaling your then-nonexistent business from the start. Isn’t that cool?

Step 8: Step out. Automate!

As you increase your budget and hire more people, you get more leads, make more offers and do more deals, all the while doing far less work, because you have a complete solid team in place that handles every task there is to do.

And some of that team isn’t even people anymore. Humphrey, the assistant inside Apex Vivus, follows up with every lead and explains the numbers in plain English, day and night. Deal Radar keeps re-scoring your farm area every night while you sleep. Then a remarkable thing will happen without you even expecting it.

Step 9: SEO world domination. SEO always wins!

As you are so busy watching your business grow, you completely forgot someone was working on your SEO all this time! After the 4th or 5th round of tweaking, your business is mostly on automatic. One heavenly day you are counting your stinkin’ money when you hear this weird “DINGGGGG”. You look at your fancy laptop: “Oh, an emailmajiggy”. You open it… “Yo dawg, I GOT AN ORGANIC LEAD”. Suddenly, “Dingg dingg dingg FRIGGIN DINGGG”, your email gets bombarded like so:

Apex VivusNew seller lead — 77 Maple Ct (organic search)Sep 3
Apex VivusNew seller lead — 2210 Ridge Rd (organic search)Sep 3
HumphreySeller replied to your follow-up: “Can you come by Thursday?”Sep 3
Apex VivusNew seller lead — 9 Harbor Ln (organic search)Sep 3
Apex VivusNew seller lead — 41 Elm St (organic search)Sep 2
Deal Radar3 new high-score signals in your farm areaSep 2
Apex VivusNew seller lead — 318 Pine Ave (organic search)Sep 2
Apex VivusNew seller lead — 12 Birch Rd (organic search)Sep 1

YOU NOW GET FREE LEADS… JUST like your beloved Supreme Master Of the Known And Unknown Universe, Lord Jerryll The MSOOTKAUG Noorden! The lead count may be comparable to a $30,000 paid marketing budget, BUT your lead quality is far superior. This is why you NEED SEO in your life, no matter how many leads paid marketing brings. And you lived happily ever after, with a business that runs itself. The End!

No one can obviously promise or guarantee success, and before you do anything you need to ask yourself if all this makes sense to you, because ultimately, you are the one responsible for what you end up doing. The dollar amounts here are examples; your market’s numbers will be different, which is exactly why you measure them.

PDFDownload the Fast Track To REI playbookThe complete manuscript as a 36-page PDF. Free, no sign-up.

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Questions

What is the Forced Traffic & Conversion strategy?

It's a step-by-step way to start and scale a real estate investing business: build a credible website, fund traffic you can afford based on cost per deal, sign only contracts that work for your numbers, sell them to matched buyers, then reinvest, repeat, hire and automate while SEO grows.

What is cost per deal?

Cost per deal is how much you need to spend on a lead source before you make one deal. You find it by dividing what investors spent on that source by the deals it produced.

Why not just track cost per lead?

Because leads from the wrong audience don't make deals. Cost per deal tells you how much money you need before you make money; cost per lead doesn't.

What is a factor of safety in real estate marketing?

A multiplier between 1.3 and 1.7 applied to your cost per deal, so your budget covers bad luck and thin data. At 1.5, a $972.78 cost per deal becomes a $1,459.17 budget.

How do you get motivated seller leads fast?

Pay for instant traffic to a credible website, such as PPC or Facebook ads, and, if you do outbound, start with the owners most likely to accept a below-market offer, which is what Deal Radar scores, while SEO builds free organic leads over time.

How do I make sure I can sell the contract?

Only sign when the seller accepts your highest allowable offer, worked out from the ARV, the repairs and what your buyers actually pay. Then the contract already fits your buyers.

Is there a PDF version?

Yes. The full Fast Track To REI manuscript is a free 36-page PDF download on this page, no sign-up needed.

Jerryll Noorden
Written by

Jerryll Noorden

Founder of REILink and Apex Vivus. Jerryll has been flipping houses and wholesaling since 2016. Before that he was a robotics scientist, building technology funded by NASA, the Office of Naval Research and DARPA. He built MaxFee so assignment fees come from data, not guesses.

Jerryll NoordenFounder, REILink & Apex Vivus

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