Can't Find A Cash Buyer?!? [Wholesaling My First Deal; Episode 5]

👀 WATCH THIS NEXT: Why I stopped buying single family real estate (& started playing pickleball!)
In this series where I try to wholesale my first deal, you've seen me drive for dollars, cold calling, looking for motivated sellers on market, and talking with agents. Today, I'm sharing with you guys what happens when you can't find a cash buyer and have to cancel a real estate contract. I hope you guys enjoy this inside look at me doing my best, trying to achieve financial freedom through real estate.

WATCH THESE:
Wholesaling My First Deal Playlist:

READ THESE:

*some of the above links may be affiliate links, meaning I make a small commission on the sale at no extra cost to you*

[Liliinvests]

WATCH THESE:
Wholesaling My First Deal Playlist:


READ THESE:

[karenscott]

Thank you so much for all of your great content. I started my business 2 months ago and I already closed my first deal for $5000!! I am so excited!!

[K_C_G]

Thank you for being open about your mistakes. The best learning sometimes comes from mistakes

[MarieRhondelle]

This is such good information. It's great to get an idea of issues to look out for. Thanks for sharing the real story. The fact that you are very knowledgable but still more of a beginner makes your process much more relatable.

[salvadoramaya]

It's great to learn all the different kinds of issues in the wholesaling business. Yes, it's slot of work, but I think it's worth it. Real estate investing has so many ways to make money. You just have to find your niche and market you want to target. Also you should specialize in either working with flippers or renters. They both look for different criteria when finding a deal.

[karenscott]

I am so proud of you and I can't stop watching your videos! I am inspired and ready to get started. Thank you! 🙌🏽👩🏽‍💻💰👏🏽🔥🤩

[VanityLuxe]

Next time change the filter to not only cash buyers, but change the owner type to corporate. This tells you which buyers are legit because they've LLC'd up

[jasonmiller]

It is important than when you fail, you fail FORWARD. You did exactly that. And it’s only really a “failure “ if you don’t learn anything. Good luck.

[bryanelizondo]

She explains everything so perfect I’m excited to get my first deal

[handsome]

Thats crazy cuz this deal is really similar to my first deal that has structural issues as well and every investor backed out once they noticed the problems

[markrice]

First off I think you’re doing an amazing job, keep failing forward. Now here’s my 2 cents.
- Don’t waste so much time running numbers. Stick with the formula, make the offer and move on, even if it’s low ball. This should take 15min or so. On this deal I would have probably offered 60 or 65k.
- Raise your fee, your time is valuable.
Consider 10 or 15k
- Try true people search for free skip traceing small lists
- Check out hard money lenders for free POF
- Consider JV partnering with experienced wholesalers to help with disposition. Split profit 50/50

[Leeski]

Thanks for being honest about what happened with the deal.

[tjsylla]

No Losses..only Lessons! Keep at it LiLi!💪🏿💪🏿

[therealshay___]

Between you & flipping mastery I love yall so much for the amazing detailed information. I hope the very best for you in your journey. I looked at your videos a few months ago and I’m back, ready to get my feet wet soon :)

[christianalleynemojica]

That’s so funny I ran into this video. I actually am in the exact same boat right now. I went full time on this 2 weeks ago and got my first deal locked up. I skip traced tons of people and got my buyers list up. In my case it’s got no foundation issues but it is a pretty big house that needs repair. It’s the biggest house in the neighborhood but that zip code has higher crime rates which turns some people off! Now I’m trying to figure out more ways to market and reach buyers. I feel way better now knowing I’m not the only one going through hurdles after locking their first deal haha

[jamescc]

Great. Many times, we can learn a lot from a failure and really up our games if we don't let a failure stop you. Fantastic to take us along all events good or bad.

[shaniceanderson]

If real estate agents have listing that do not sell and expire on the MLS, why don't they reach out to buyers/investors themselves? 🤔

[GetThisD]

Love your channel!!!! Thank you for breaking things down the way you do. I just got into wholesaling and trying to get my first deal. Definitely honing to implement your tips!💯❤️

[jnet]

Thank you for REAL insight and perspective. Most of videos I've watch are all successful. I want to hear the REAL NO BULL experiences. Thank you!

[ronterry]

Let's be honest guys.... we are all here to see that awesome donut in the top right corner! GO DONUT GO!!
For real though, great content. Keep it up!