Real estate investing often feels out of reach when you see the capital needed for rehabs, down payments, and closing costs. But wholesaling flips the script.
You can get started in real estate wholesaling with under $100—and in some cases, even less. The key is understanding where to spend wisely and how to generate leads using free or low-cost methods.
What You Actually Need to Start
Here’s what a lean wholesaling launch looks like:
1. A Way to Find Motivated Sellers
The most important part of wholesaling is lead generation. Without deals, nothing else matters.
Low-cost options:
- Driving for Dollars: Use REsimpli’s free mobile app to tag properties while driving
- Facebook Marketplace & Craigslist: Search for distressed or FSBO properties
- Networking: Talk to realtors, contractors, or other investors
2. Basic CRM to Track Leads
You don’t need a full-blown system right away, but you do need something to keep track of calls, offers, and follow-ups.
Best option:
REsimpli offers a 30-day free trial and includes built-in lead tracking, call history, SMS follow-up, and mobile access.
3. Purchase Agreement Template
You’ll need a legally binding agreement to put a property under contract. Many states allow you to use a standard purchase agreement, but it’s best to get one reviewed by a local attorney.
Budget: Around $50 if you purchase a contract template online or work with a local investor group.
4. Earnest Money
Some sellers will want a deposit to make the contract binding. You can often negotiate a very low earnest money deposit—$10 is common in wholesaling.
Sample Startup Budget
| Item | Cost |
| REsimpli CRM (Free Trial) | $0 |
| Driving for Dollars | $0 |
| Contract Template | $50 |
| Earnest Money | $10 |
| Miscellaneous Printing | $10–$20 |
| Total | Under $100 |
How to Turn That $100 Into Your First Deal
Once you’ve found a motivated seller and locked in a purchase agreement, the next step is assigning it to a cash buyer.
Use REsimpli to:
- Run comps to ensure your deal is solid
- Market your deal to cash buyers in your CRM
- Collect assignment fees via your closing attorney or title company
With your first $5,000 or $10,000 wholesale check, reinvest into better lists, skip tracing, and automated drip campaigns.
Ready to launch your wholesaling business?
Try REsimpli free and manage your first deal the smart way.
