Blog - DealMachine for Real Estate Investing

Financial Freedom Through Real Estate Wholesaling

Written by Samantha Ankney | Oct 13, 2023 2:30:00 PM

We pulled together Trevor Mach’s first-hand story and reviewed public, state-level guidance on wholesaling and contract assignments to create a clearer and safer resource for investors.

Financial freedom through real estate is not only about making money. It is also about having choices. Choices like leaving a job that drains you, setting your own schedule, and building a business you can be proud of.

Trevor’s journey shows what this looks like in real life. It starts messy, gets harder before it gets easier, and then becomes repeatable once systems are in place.

Trevor’s Not-So-Great Sales Job

After college, Trevor started working a sales job. At first, he liked the work and the money felt steady.

Then the company changed the commission structure and cut earning potential. The workload also increased fast. Trevor was dealing with evenings, weekends, long workdays, and a huge number of accounts.

That pressure started affecting his mental health, his relationships, and his general well-being. He knew he needed a change before he hit a breaking point.

Taking a leap into real estate wholesaling

A friend suggested Trevor look into wholesale real estate. The idea clicked for a simple reason: control.

Wholesaling gave him a way to build income without waiting years for a promotion. It also gave him the chance to help sellers who needed speed, certainty, or a clean solution.

Trevor did not have experience when he started. He chose to learn fast by joining a 14-day wholesaling challenge and committing to daily action.

Trevor’s first deal

Early on, Trevor created a basic online presence. He found a distressed property and wholesaled it for $8,500.

That first deal did more than pay a bill. It gave him proof the process could work. Once he had proof, he went all in.

Learning The Ropes At A Conference

Shortly after getting started, Trevor attended a real estate conference. It cost $2,500 for him and his wife to attend, which felt like a big risk after only one deal.

But it helped him connect the dots. He learned the wholesaling process end-to-end and saw how other investors built real businesses. He also learned about tools that help investors scale, including DealMachine.

A conference will not do the work for you. What matters is what you do after. Trevor took what he learned and applied it immediately.

The Early Grind That Most Investors Do Not Talk About

Trevor described the early stage like this:

“In those early days, zero dollars to one hundred thousand dollars, you’ve got to be on the hamster wheel. You’ve got to hustle.”

This is the part where many people quit. Not because wholesaling “does not work,” but because they never build a pipeline that can survive a slow week.

Trevor pushed through for two reasons:

  • He did not want to go back to his sales job.
  • He wanted to prove the doubters wrong.

If you are working toward financial freedom through real estate, this phase is normal. The goal is not to hustle forever. The goal is to hustle long enough to build systems.

Custom Visual: Typical Wholesale Deal Lifecycle (Use As An Infographic)

If you want this article to feel more “high-effort,” turn this section into a simple infographic image. Your designer can use this exact copy.

Infographic title: Typical Wholesale Deal Lifecycle

Lead found

  • Driving for dollars, list building, referrals, inbound lead

Contact and follow-up

  • Calls, texts, mail, and scheduled follow-up

  • Notes and tags for every conversation

Seller appointment

  • Walkthrough, photos, repair notes, motivation, timeline

Offer and contract

  • Clear price and terms

  • Required disclosures based on your state

Title work starts

  • Open title or escrow

  • Confirm payoff, liens, and closing date

Buyer match

  • Share details with the right buyers

  • Confirm proof of funds and ability to close

Assignment or double close

  • Signed documents and required disclosures

  • Use the method that fits your deal and your local rules

Close and post-close

  • Confirm funds received

  • Ask for a review

  • Document lessons learned for the next deal

Where DealMachine fits: DealMachine helps investors find off-market leads, track follow-up, look up owner contact info, and run outreach in one workflow so deals do not fall through the cracks.

Scaling Financial Freedom Through Real Estate With Systems

Trevor eventually reached a point where hustle alone was not enough. He was earning strong income, but the constant grind was wearing him down.

That is where systems matter. Systems turn effort into repeatable outcomes. They also reduce burnout because you are not rebuilding your business every week.

Systems Trevor used to scale

1) Evergreen marketing

Trevor shifted part of his effort away from only quick-payoff tactics. He worked on marketing that can keep producing leads over time.

That can include:

  • A simple website that answers seller questions
  • Local pages for the areas you buy in
  • Content that builds trust before the phone rings

This is one way to reduce the stress of “what happens if I stop grinding for a week?”

2) Google Business Profile and reviews

Trevor focused on building local trust and credibility. A strong Google Business Profile helps sellers feel safer when they look you up.

Reviews can also help trust. Trevor shared that building a steady review habit improved his credibility over time.

3) Team and delegation

Trevor hired help for tasks he did not enjoy, like driving for dollars. That freed him up for higher-value work like seller conversations, negotiation, and building the business.

If you are not ready to hire yet, you can still systemize:

  • A daily lead generation checklist
  • A weekly follow-up schedule
  • Simple call and text scripts
  • One place to track every lead and conversation

DealMachine helps here because it keeps property notes, lead status, owner info, and outreach activity connected.

Safer Wholesaling: State Law Notes You Should Understand

Wholesaling is a money topic, and it can cross into regulated activity if you are not careful. Laws vary by state and can change over time.

This section is not legal advice. It is a research starting point, so you know what to ask an attorney in your market.

Quick comparison: wholesaling rules and common risk areas (4 states)

State

What to watch

What the state materials emphasize

Source

Ohio

New wholesaler disclosure requirements

Ohio’s SB 155 revises real estate wholesaler law and lists an effective date of March 2, 2026.

https://www.legislature.ohio.gov/legislation/136/sb155

Texas

Disclosure when assigning an interest

Texas Property Code 5.0205 requires written disclosure before selling an option or assigning an interest in a purchase contract.

https://texas.public.law/statutes/tex._prop._code_section_5.0205

Florida

“For another, for compensation” broker definition

Florida’s statute definition of “broker” includes acting for another for compensation in negotiating or procuring sellers and buyers.

https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0400-0499/0475/Sections/0475.01.html

Illinois

Unlicensed practice and civil penalties

Illinois materials describe civil penalties tied to unlicensed practice as a broker or salesperson.

https://witnessslips.ilga.gov/legislation/ilcs/ilcs4.asp?ActID=1364&ChapterID=24

Plain-English guardrails (helpful even if you never read a statute)

  • Be clear about your role in every conversation.
  • Use written disclosures when required, and do not skip them.
  • Do not market yourself as “representing” a seller if you are not licensed.
  • Work with a local attorney to review your contract and your assignment language.

A simple compliance system is a real asset. It keeps deals smoother and reduces the chance of a bad outcome.

A Simple Wholesaling Process You Can Copy

If you want financial freedom through real estate, you need a process you can repeat. Here is a clean version that fits most markets.

Step 1: Pick a clear buy box

Decide what you are looking for:

  • Neighborhoods or zip codes
  • Property type (single-family, small multifamily)
  • Condition range (light repairs, heavy repairs)
  • Price range your buyers actually buy

A tight buy box makes lead generation faster and offers more accurate.

Step 2: Find off-market leads

Many new wholesalers get stuck here because they chase too many lead sources at once. Start with one lead channel and do it consistently.

Driving for dollars is simple and effective because you are finding properties that look like they need help. DealMachine supports this workflow by helping you:

  • Capture properties fast
  • Add notes and photos
  • Look up owner contact info
  • Track follow-up activity

Step 3: Contact owners and follow up on a schedule

Most deals do not happen on the first call. Follow-up is where many deals are won.

Use a basic schedule, like:

  • Day 1: first outreach
  • Day 3: follow-up
  • Week 2: follow-up
  • Week 4: follow-up
  • Monthly: check in when appropriate

Marketing automation and reminders help because you do not have to rely on memory.

Step 4: Get a clean contract and use the right disclosures

This is where “high-effort” content matters. Do not wing it.

  • Use a contract reviewed for your market
  • Disclose your role clearly
  • Avoid confusing language that sounds like you are representing someone else

If you want to embed a short video in the blog, this is the section to do it.

Step 5: Match the deal to the right buyer

A buyers list is not just a spreadsheet of names. It is a list of real people with clear buying criteria.

Track:

  • Preferred areas
  • Price range
  • Rehab tolerance
  • Closing speed
  • Proof of funds status

This helps you move fast and protect your reputation.

FAQs

How can wholesaling support financial freedom through real estate?

Wholesaling can create active income by solving problems for sellers and connecting deals to buyers. That income can help you build reserves and fund consistent marketing. The long-term goal is to build systems so your business is less dependent on daily hustle.

What is the biggest reason new wholesalers fail?

Many new wholesalers quit because they do not stay consistent with lead generation and follow-up. A steady routine and simple tracking system can keep you from losing leads. This is where tools and automation help because they reduce missed follow-ups.

Do I need a real estate license to wholesale?

Rules vary by state and depend on how you operate and how you market yourself. Some states focus on whether you are acting “for another” for compensation, which can trigger licensing rules. Review your state guidance and talk to a local attorney before you scale.

What should I do before assigning a contract?

You should understand any disclosures your state requires and use clear written documents. For example, Texas has a property code section that requires equitable interest disclosure before selling an option or assigning an interest. Confirm what applies in your state and get a legal review of your paperwork.