My first deal!

4 Replies

I cannot emphasize the importance of networking in the local REI scene. It would be borderline lying to say I did my own first deal because I leaned on so many others for help. I had no idea what I was doing, all I knew was that I bought a book on wholeselling, I took some savings bought some signs and started planting them so that made me a wholeseller. I was getting a lot of calls and wasting a lot of time because I didn't know what to ask and I was literally looking at every house that someone called me about. But through the power of networking and just talking to people, I was able to get a list of questions to ask and find out which houses and what areas are worth taking a look at. I even got my contracts from someone I spoke with because they believed I could bring them a deal! And then it actually happened, I found a deal, and bought it to the attention of the person who gave me the contract. They told me if I could lock up the deal around this price they would buy it. Well, long story short, I ended up going to the seller locking it up and wholeselling my first deal. I could not have done it without the help of other real estate investors. So if your an investor and you are helping out newbies like myself, THANK YOU!!!

Congratulations! Very encouraging...thanks for sharing.

That is awesome man!  So are you mainly marketing with signs?  What are the numbers ? 

Yeah, mainly signs. I made it a priority to get an easy number to remember, (area code-300-3000). Its been working well, so far 41 leads in over a 6 week period. Closed 2 working on locking up a couple of more!

Congratulations I also have 8 deals in pipeline, wish me best of luck too 

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.