Updated almost 10 years ago on . Most recent reply
My personal Real Estate experience
This past September marks my first year of real estate interest. I had a desire to make some kind of income in real estate. It was this year, in March, when I closed on my first deal. What I experienced was that it was real. All the studying, the few books I read, all the hours I put into marketing, gave me the exciting experience to close on my first deal.
When I was done and picked up my check, I came to the realization that I didn't have another deal in place to receive the next check. It took me one month to get a good lead, and another month and a half to actually get a buyer to closing. I found out that the key is "being consistent. We work so hard to find that good lead, find that one buyer, and close that one deal. And I only made $1,500 though it took me only 4 hours total of my time.
That month, which was in June, I closed on two wholesale deals. Then in September, I closed on 6 properties in two closings. Then I only closed on one this month.
If you are starting out wholesaling in Charlotte or where ever, work on several good leads, to close on a few. This way if you only close on one that month, you'll have others soon to close. See you at the attorney's office in soon. :-)
JJ Leonidas, and that is my experience.