Here are the basic steps to earning that first assignment fee for you right now.

Find a buyer for another investor’s house We won’t count this one since this is sort of like cheating or jumping ahead to earn a quick $1500 up to $10,000.

Ok. Here we go.

1. Put out 100+ plastic hand written bandit signs
2. Put a bunch of ads on Cragislist.org, backpage.com,…
3. Fill out lead sheets and make offers
   
4. Contract on the offers that are accepted
5. Put out handyman special signs and online ads to sell
   
6. Get assignment form assigning your contract signed and get NR deposit
   
7. Order title and keep in touch with buyer and your seller until closing

Congratulations you just closed your first flip! Copy that check and send it to me.

Really this is all you have to know to make a full time income turning leads to contracts and then finding another investor to close the assignment contract.

My biggest problem with wholesaling at first was that I tried to make it more complicated than it really was. Yes there are a lot of in between steps you will learn along the way to make your life easier and automate these seven steps. But the best way to learn is just to go out and take action. No body will notice you are new and don’t really know what you are doing if you don’t tell them.

Your first deals will be based on your timing not your expertise. Never let your motivated seller or buyer leads go cold. All you have to do is get there first and you will get the contract of a truly motivated seller. He has already told you he will take 45K for his 100K house if you can close quickly and end his desperate search for a buyer.

One thing you should realize is that while the steps are simple you must work hard. Wholesaling can be just like a full time job in many ways. When you stop working the money stops coming in.

This is why you should save that cash and invest in income producing property when the market is down. If you do well enough you could just jump right into funding private money deals for others and earn a nice truly passive interest income.Think 14K per year per 100K lent out.

I know a ex school teacher right now in this market who made 35K in just a few short months doing just the seven steps listed above.

For a detailed e book about these steps and much more click here you will never find a better e book on wholesaling.

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