Today is 6/30/2010, and I am laying out my plan to go from zero to an assigned contract with money in the bank within 7 days.

Begin with the end goal in mind:   A  wholesale real estate deal done and $$ earned in 7 days or less doing it all virtual across the Pacific Ocean. I will only use the contacts and resources I have made through social media such as Biggerpockets, Twitter, Linkedin,  Youtube, Craigslist, etc..  I am a big believer in using all marketing efforts like direct mail, bandit signs, bird dogs, internet marketing, but for this were keeping it 4th grade simple.

“Expect the best. Prepare for the worst. Capitalize on what comes.” ~Zig Ziglar

Lets get going…

Core Checklist:

• Targeted area(s): —>Memphis, TN, Las Vegas, NV
• Buyers list: Extracted entirely from social media. Biggerpockets, Twitter, Youtube, Linkedin, Craigslist.
• Sellers list: Deals that I expect to get from my network of investors, hml’s, craigslist, social media.
• Local Real Estate Agreements:…still working on those. Shouldn’t be a problem by simply asking another investor or realtor.
• Investor friendly Title company: Ask other investors who they use
• Contacts: Partners on the ground ready and able to verify property condition, value,  and costs for improvements with pictures or Google Maps with video.
• Buyer website: (for pictures, video and property details) And/or use SellPoint.Com which I am pretty excited to see how it works. A great list of resources to market properties on is @ TheWholesaleKnockoutKing.com check out Greg’s expansive list.

Days 1 and 2

• Day 1: Build and Organize my list: For as long as it takes today, I will scrub and comb through every investor that has come across my computer screen.  That includes all inbox leads, BiggerPockets contacts, Linkedin, Twitter, etc.. Copy and paste onto an excel spreadsheet with name, email, number  location, and criteria. This list will consist of  hard money lenders, wholesalers, and cash investors.  Also, going into these markets I need to have contractors, subcontractors, real estate attorneys, title agent, realtor, hard money lenders. Will I need all these people to close my deal? Not necessarily. But having these resources makes you more valuable especially when your cash buyer needs private money to close the deal. This project is bigger than getting a deal in 7 days. This is the start to building a great reputation in that market and developing long term relationships.

Question you might be asking: How can someone who lives in Hawaii have so many contacts in Memphis? I am not about to say that I am more connected that most investors in Memphis. Heck, I’ve never even been to Memphis!? Here is the beauty of networking, and social networking. I have made solid contacts with important people in Memphis.  That means that when they introduce me to their network, I am now connected to those people! And the best part is because they don’t know anything about me except for what was told to them, they don’t know all the stupid things I’ve done. Isn’t that good news!! I might know only 10 people in that area, but those 10 know much more. The science of social networking is a thing of beauty. Think about it for yourself. I am in Honolulu, and have tons of contacts that I would love to introduce to you. That means that with one decision, you can setup a virtual shop in Hawaii and be connected to so many that will can help you.

Day 2: Find a good investment deal. Make contact with hard money lenders, wholesalers, landlords, rehabbers, baby mama drama’s or anyone who may hint to having a motivation to sell. Build the connection needed and find out what I can do to help them. Identify a number of excellent investment properties that fit the criteria of my cash investors.

Tapping into hard money lenders and wholesalers

Lets look at 2 types of people with different lenses.  A hard money lender will often have a property that is defaulting which makes them a motivated seller.  A wholesaler may tons of buyers, but no deals.  Or they have a deal, with no buyers or even a clue how to market the deal. By providing either the deal or buyers this positions myself for a profit split with other wholesalers.

Day 3-7 is coming. Not there yet!! But hold your horses and stay tuned for the outcome. I guarantee days 3-7 will be filled a great roller coaster ride that we can all learn from.

I expect success in this project, but worst case scenario is that I have just set myself up for success right around the corner. Biggest benefit is that I proved to the most brand new newbie that it can be done!

**To learn more about real estate investing  check out one of the best investors in the game! And I’ve got his free training right here for you**

On another note

Also, I am excited to be a part of Pitbull Seminars  national hard money conference! And would love to see you there! Next event is Oct. 14th in Las Vegas at the Monte Carlo Hotel and Casino.  For a sneak peak, check out what our Florida contacts had to say. And visit PitbullMortgageSchool.Com for more info.

Nothing whatsoever related to this post.  Check out my little brother Isaac showing off his grappling moves with Clark Gracie. Isaac is a 2x Gracie Jiu Jitsu world champion.

**And also, if you have not yet registered for FREE monthly REI and social media tidbits and newsletter, please do so at the top right. I passionately hate spam as much as you do, so no worries about sending you a bunch of nonsense or selling your contact info.

**And a big Mahalo (thank you) to Josh Dorkin founder of BiggerPockets for giving me the honorable mention for the Top 20 real estate blogs.  I am humbled by that and thank all those that have helped me. And I fully understand that I am the newbie blogger to the scene, so thank you all.

P.S  You might be saying “Yeah, but we all know you have national conferences on hard money, and very well connected”   True..however…

Please note…This deal will be done with people that I have met strictly from social media. That way, I have eliminated all excuses from your mind as a reason not to do this yourself