What does it take to go from sleeping in your car to building a $2.2M+ real estate business? Hans Andersen's story isn’t just motivational, it’s packed with proven strategies any aspiring investor can apply. Learn how he used cold calls, driving for dollars, and simple systems to scale fast, even with no prior experience.
Hans Andersen launched his real estate journey in 2019 while homeless and working multiple part-time jobs. Inspired by YouTube videos from Jerry Norton and other educators, he discovered wholesale real estate and committed to learning through action. He cold-called "For Sale By Owner" listings and began making daily offers, dialing over 1,000 sellers a day.
Hans landed his first assignment deal after four months of relentless calling. Though inexperienced with pricing, he earned a $20,000 assignment fee on a California FSBO deal. While the buyer who helped him may have made more, Hans viewed it as a crucial breakthrough.
After the first win, Hans used his leftover savings to rent an apartment and hire friends as cold callers. However, the DIY script failed to convert, resulting in a six-month dry spell. This period revealed the importance of quality scripts, strategic outreach, and emotional resilience.
In early 2022, wearing a "We Buy Houses" shirt at Walmart sparked a life-changing conversation. A mother and daughter approached Hans about selling a home. Despite not having a contract prepared, Hans acted quickly, printed a simple form, and closed the deal for a $63,000 assignment fee in just two days.
It restored Hans’s confidence and gave him social proof to share with his family. He physically withdrew cash to show them it was real. This deal became the foundation for building a repeatable business model.
In this episode of the DealMachine Real Estate Investing Podcast, Hans Andersen shares his full journey from homelessness to building a $2.2M+ wholesaling business. Want to hear the entire story in his own words? Watch the full episode below:
Driving for dollars is a strategy where investors physically scout neighborhoods for vacant or distressed homes, then reach out directly to the owners. It’s highly effective for finding off-market deals with less competition and high potential spreads.
After facing too much competition, Hans pivoted to driving for dollars. He personally scouted distressed properties, wrote down addresses, left sticky notes, and used TruePeopleSearch to contact owners. The direct-to-seller approach yielded less competition and higher-quality leads.
Hans recruited gig workers like Uber and DoorDash drivers to add 200+ properties a day. He paid them on commission and added a virtual assistant for cold calling. He later discovered DealMachine, which streamlined property lookup and eliminated the need for sticky notes.
By meeting sellers face-to-face, Hans built trust and often negotiated better prices. His in-person approach regularly led to $50,000+ spreads, a significant increase from virtual deals.
The same woman from Walmart later referred Hans to a second property valued at over $1 million. He locked it up at $900,000 and wholesaled it for an $84,000 assignment fee. Across both deals, this one relationship produced nearly $150,000 in revenue.
Homeowners often choose direct buyers because they prioritize a quick, hassle-free sale over the highest possible price. These sellers may be facing urgent financial, emotional, or logistical challenges, and Hans offers a reliable path forward.
Many sellers Hans worked with were elderly, downsizing, or emotionally tied to their homes. Others faced challenges like squatters or deferred maintenance. These sellers valued speed, privacy, and simplicity over top-dollar offers.
Hans wore suits, parked his older car out of sight, and communicated clearly and respectfully. He answered questions without pressure and often removed offers to avoid desperation, later following up with a calm, helpful tone.
Hans started virtually by calling listed properties and agents, which taught him how to speak with authority and confidence. Talking to agents first sharpened his skills and prepared him for seller negotiations.
Transitioning to local appointments allowed Hans to build a reputation, close more deals in person, and refine his negotiation techniques. The personal touch increased closing rates and average assignment size.
Novation deals allow Hans to list properties on behalf of sellers through agents. He partnered with a novation specialist to handle repairs and listings. They now close 10–15 novation deals monthly, converting previously dead leads into $60,000+ profits.
Hans uses high-volume data strategies to fuel consistent lead generation. His approach focuses on broad outreach, rather than niche targeting, to maximize seller conversations.
Hans targets absentee owners and likely vacant homes. He avoids niche filters to keep his list wide and his dialers productive. His team of over 400 cold callers generates 50,000–100,000 leads per month using Deal Machine bulk data.
Hans manages a massive outreach team with 330 cold callers, 70 third-party seats, and multiple managers. He’s reinvesting profits into capital projects, joint ventures, and call center ownership. His next goal: scale wholesaling revenue to $5M+ while maintaining quality and expanding his training arm.
Hans’s story was originally shared during an in-depth interview on the DealMachine Real Estate Podcast. His firsthand insights and experiences offer unmatched value for anyone serious about real estate wholesaling.
Hans’s path from homelessness to high-volume wholesaling highlights the power of resilience, systems, and trust-building. From DIY contracts and sticky notes to managing a nationwide cold call operation, his story proves that consistency and character create compounding results.
This FAQ section addresses common beginner and intermediate questions related to Hans’s approach, wholesaling basics, and strategies he uses daily.
How can I start wholesaling real estate with no money?
Wholesaling real estate with no money starts with hustle and research. Begin by driving for dollars to find distressed homes. Use free people-search tools to contact owners, lock up the property under contract, then assign it to a buyer for a fee.
What is a novation deal in real estate wholesaling?
A novation deal allows you to partner with a seller, list the property on the MLS through an agent, and get paid from the sale, without buying the home yourself. It's ideal for leads that won’t accept wholesale prices but still need a fast solution.
Why do some sellers prefer selling to wholesalers?
Sellers often choose wholesalers because they need speed, simplicity, and certainty. Hans’s sellers were dealing with health issues, family loss, or squatters, situations where listing traditionally would have caused delays or added stress.
What tools help scale a real estate wholesaling business?
Tools like Deal Machine make it easier to manage leads, speed up outreach, and automate follow-up. Hans also uses skip tracing, pay-per-click marketing, and call centers to drive consistent deal flow.
Is wholesaling legal in every state?
Wholesaling is legal in most states, but laws vary by location. Some states require a real estate license or mandate clear disclosure. Always research local regulations or consult a real estate attorney before starting.