The Wholesale Hustle - Issue #11

Turning Leads into Gold

What’s good, everyone? Issue #11 of The Wholesale Hustle is here, and it’s about to blow the doors off! Last week, we built a buyer’s list that closes and dropped a cash-buyer script that slaps. This week, we’re mastering follow-ups to turn those leads into deals and laying out a system to keep you organized like a machine. Let’s stack those wins!

Feature:

Mastering Follow-Ups & Staying Organized Like a Boss

Closing a wholesale real estate deal is where your hustle pays off—but it’s also where precision matters most. As a wholesaler, you’re the linchpin connecting the seller, the cash buyer, and the title company. Here’s a step-by-step outline of the closing process from your perspective, ensuring everyone stays on the same page.

Feature: Mastering Follow-Ups & Staying Organized Like a Boss

Leads are money waiting to happen, but only if you follow up like a pro. Plus, staying organized keeps the chaos at bay. Here’s the playbook.

Mastering Follow-Ups to Turn Leads into Deals

A lead that’s ignored is a deal lost. Let’s turn those “maybes” into “yeses”:

  1. Strike While It’s Hot

    • Call or text within 5 minutes of a lead coming in—motivated sellers act fast. Example: “Hey [Name], got your info about [Address]. Ready to sell? I can offer cash today!”

    • Send a follow-up email or text within 24 hours if they don’t answer: “Just checking in—still interested in a quick sale?”

  2. Work the Drip Campaign

    • Set up a 3-touch sequence over 10 days:

      • Day 1: Initial call/text.

      • Day 4: “Hey [Name], following up—any updates on selling [Address]?”

      • Day 10: “Last chance—got a cash offer ready if you’re ready to move!”

    • Use tools like Mailchimp or TextMagic to automate it—keep it personal with their name and property.

  3. Close the Deal

    • If they bite, lock the appointment or offer fast. Example: “Awesome, [Name]! I can meet you at [Address] tomorrow at 10 AM or send an offer today. Which works?”

    • Track responses in your CRM—move hot leads to a “contract ready” list.

Pro Tip: Persistence wins. Studies show 80% of sales require 5+ follow-ups (Source: National Association of Realtors, 2024). Don’t quit too soon!

System to Stay Organized Like a Machine

Chaos kills deals—stay on top with this setup:

  1. Centralize Your Tools

    • Use a CRM like REI BlackBook or Google Sheets to log every lead, buyer, and deal. Fields: Name, Contact, Status (e.g., New, Follow-Up, Contracted), Notes.

    • Sync your phone and email to the CRM—every call or message goes in.

  2. Daily Workflow

    • Morning: Check new leads (30 min), make 10 calls/texts.

    • Midday: Follow up on 5-10 warm leads.

    • Afternoon: Review deals in progress, update statuses.

    • End: Plan tomorrow’s top 3 priorities.

  3. Track Everything

    • Use a simple dashboard (Excel or Airtable) for KPIs: Leads In, Follow-Ups Made, Deals Closed.

    • Set reminders for follow-ups—Google Calendar or CRM alerts work great.

Pro Tip: Dedicate 1 hour weekly to clean your CRM—delete dead leads, update buyer data. Keeps it lean and mean.

Deal Tip:

Personalize the Follow-Up

Drop a specific detail in your follow-up: “Hey [Name], saw that tree in your yard at [Address]—I can buy it as-is, no cleanup needed!” Shows you’re paying attention and builds trust.

Quick Tip: Record one follow-up call weekly to tweak your pitch—smooth delivery closes more deals.

Reader Q&A

Q: What if a lead keeps saying ‘I’ll think about it’?

A: Keep the door open! Say, “No rush, [Carlos], take your time. I’ll check back in 3 days—sound good?” Then hit them with a drip campaign. If they stall past 2 weeks, move on unless they re-engage.

Submit your questions to [email protected] for a chance to be featured!

Hustle Spotlight

Best Practice for Follow-Up Success

Let’s shine a light on a clutch technique: the “value-add” follow-up.

  • Best Practice: Add a tip or insight in each follow-up to keep them engaged. Example: “Hey [Name], quick tip—selling now could beat the winter market dip. Still interested?”

  • Scenario: A wholesaler in Chicago used this, turning a “thinking about it” lead into a $10K assignment after 3 value-add texts.

  • Why It Works: It positions you as a helper, not just a buyer, building trust over time.

Takeaway: Drop a value nugget in every follow-up—leads stick with problem-solvers.

What’s Next

In Issue #12, we’re tackling how to negotiate like a pro with sellers and sharing a step-by-step guide to handle tough talks. It’s gonna be epic!

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Keep winning, keep stacking!
Chris Strickland, The Wholesale Hustle