There’s a lot of talk about wholesaling and how you can make money from it, but there’s not much about how you can make sure you’re making it consistently. That’s how many people who start wholesaling fall flat on their faces and end up losing interest in the business.
In this video, I’m sharing the strategy that will help you make $25K in wholesaling consistently, no matter how much delays and fall outs you experience! Watch now to learn the important factors in wholesaling, how you can make $25K consistently, and how you can level up your game in the business!
Key Talking Points of the Episode
[00:00] Introduction
[01:06] Put your goal out there
[01:35] What kind of marketplace are you in?
[02:20] Figuring out the numbers
[03:04] Where many people screw up
[03:49] How you reverse engineer the numbers
[04:22] Deals don’t always close
[04:41] What your focus should be
[05:52] Why a lot of people fail
[06:22] What you need to look at
Quotables
“There’s so much crap out there. So much stuff people are feeding you, they say do this and do that, but it all comes down to very simple things.”
“Don’t overthink it, especially in today’s marketplace.”
“Put your goal out there because some people don’t even have any idea where they’re at.”
“It all depends on your marketplace. You could be in a marketplace where this is easily achievable on one deal or a fraction of one deal. At the same time, a lot of you could be in marketplaces that don’t support that on a regular basis.”
“If you’re making an average of $10K per deal, you need to complete pretty well close to 3 a month.”
“You gotta start reverse engineering those numbers and start understanding what actions to take to achieve that result.”
“You might need 20 leads coming in to get 1 contract. That means to get to the point of getting 3 contracts, we would need 60 leads.”
“Here’s the thing that most people forget - not every single deal that you’re going to put under contract is going to close.”
“What I’ve learned is if you really wanna get consistent on this, you better be in a position where you’re not just focused on getting 3 deals under contract, but 6 deals under contract every month.”
“If you put 6 deals under contract every month, it’s gonna allow you to have delays and fallouts, and you’ll probably start closing an average of 2-3 deals, and get to that point of averaging $25K per month.”
“If you wanna crank up your deals, you gotta up your leads too.”
“Go out there and put enough deals in the pipeline.”
“If it’s a good deal, it’s gonna go together. If it’s not, it’s gonna fall out.”