WHOLESALE SURVIVAL
GUIDE
So you want to wholesale real estate but have no idea where to start? If you’re not ready to make the commitment and join Astroflipping (go.astroflipping.com) … then I got your back with these 4 steps to get the ball rolling on your future. Take a look around and if you get overwhelmed feel free to reach out <3
How to Comp
1. ) Definition of Comping:
Comping is the art of comparing aspects of a subject house or property to similar homes or properties in the same location by using historical sales data to help determine value
2. ) Take Action
The best way to learn is by doing it. Here’s an example of an address to go try to comp - 123 Main St.
3. ) Comping Bootcamp -
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Watch this video - https://www.youtube.com/watch?v=bYqtJh3whO0&t=5s
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Download these Appraisal Rules - http://www.jdamjifree.com/appraisal-rules-cheat-sheetpyom0gir
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Now you have the rules, let’s comp! - https://www.youtube.com/watch?v=L6Rf7qCWdxE
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Get Privy to find deals, run comps, market research, and find buyers! www.getprivynow.com/jamil 30 day money back guarantee… use code “Jamil” for 30% off.
Finding Deals
Traditional versus My Approach
Jamils Approach:
Relational Strategy
1. ) Get a lead list (BatchLeads.io/Jamil)
2. ) Skiptrace that lead list (SkipTracing is figuring out phone numbers for those leads)
3. ) Cold Call/Direct Mail
4. ) Repeat
1. ) On Market for 30-60-90 Day old listings using Privy (getprivynow.com/jamil)
2. ) Agent Outreach for off market pocket listings using AstroBlaster www.theastroblaster.com
3. ) Wholesaler Outreach for MicroFlips/Co-Wholesales through AstroFlipping Community https://www.facebook.com/groups/astroflippingpublic/
Securing Deals
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Call the listing agent on subject
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Gather these points from agent on the subject property COMPT & agents email.
- Condition
- Occupancy
- Motivation
- Price
- Timeline
2. ) Comp the property to the appropriate percentage to your market
(if you need help squad up in this group https://www.facebook.com/groups/astroflippingpublic)
3. ) Email the agent your offer with this email template, if the numbers make sense.
4. ) When accepted
the agent will draft up the PA and present to seller.