Mentorship Program Overview
Week 1: Introduction to Wholesaling and Setting Up Your Business
- Introduction to Wholesaling:
- What is wholesaling real estate?
- Key real estate terms and concepts
- The wholesaling process overview
- Setting Up Your Business:
- Essential tools and resources (CRM, marketing tools, etc.)
- Mindset and Goal Setting:
- Developing the right mindset for success
- Setting realistic and achievable goals
Market Research and Finding Deals
- Understanding Your Market:
- Researching your local market
- Identifying hot neighborhoods and property types
- Finding Potential Deals:
- Lead generation strategies (online marketing, networking, etc.)
- Building and managing a leads list
- Utilizing online resources and tools (Zillow, Facebook etc.)
- Initial Property Evaluation:
- Basic property analysis
- Determining ARV (After Repair Value)
- Estimating repair costs
Week 2: Analyzing and Securing Deals
- In-Depth Property Analysis:
- Conducting a thorough property inspection
- Advanced methods for estimating repair costs
- Calculating your Maximum Allowable Offer (MAO)
- Negotiating with Sellers:
- Building rapport with sellers
- Overcoming objections
- Securing the Deal:
- Drafting and understanding contracts
- Getting properties under contract
- Contingencies and escape clauses
Building Your Buyers List and Marketing Deals
-Creating a Buyers List:
- Identifying and reaching out to potential buyers
- Networking with real estate investors, agents, and other wholesalers
- Using online platforms and social media
- Marketing Your Deals:
- Marketing strategies for finding buyers quickly
- Hosting property walkthroughs and open houses
- Closing the Deal:
- Assigning the contract
- Double closing vs. assignment of contract
- Working with title companies and closing agents
Week 3: LIVE Cold Calling Trainings
-Training on How to Use Dialers
-Phone Call Role Playing
Week 4: Course Overview
-Implementing Everything You Learned Over The Weeks