20 Year Old Completes First Wholesale Deal

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20 Year Old Completes First Wholesale Deal

Jordan Santiago
Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes

Ahhhhh finally successfully flipped my first contact/property at 20 years old. After failing numerous amounts of times, the persistence finally paid off. Profit was only 4,000 but am extremely grateful as it motivates me to do more. Thank you to Biggerpockets.com, the podcasts, the other forums, articles, and everyone who responded to me and led me in the right direction. BiggerPockets helped me immensely, as it was the first place I came to when I got into real estate investing. Thank you everyone !!!

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Wendy Schultz
Property Manager · Wisconsin and Florida · Member since 2017 · 346 posts · 227 votes
8y

Nice work! If I had started when I was 20, I'd be a zillionaire by now. What an advantage to you for starting so young and you will be highly successful with your amount of persistence!

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  • Nathan C.
    Investor · Newport Beach, CA · Member since 2017 · 25 posts · 3 votes
    8y

    @Jordan Santiago Congrats Jordan!

    0Reply
  • Joe M.
    Erie, PA · Member since 2018 · 413 posts · 348 votes
    8y

    Thats great.  Keep it up.

    0Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Nathan C.:

    @Jordan Santiago Congrats Jordan!

     Thank you so much, really appreciate it!

    0Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Joe M.:

    Thats great.  Keep it up.

     Thank you!

    0Reply
  • Milan Obradovic
    Real Estate Agent · Brooklyn, NY · Member since 2017 · 88 posts · 14 votes
    8y
    Jordan Santiago Congrats on your first deal! Mind sharing some info about it and where it was? I see you are in Ridgewood, was it in Queens or out of State? Keep it up
    1Reply
  • Account Closed
    New York City, NY · Member since 2016 · 420 posts · 172 votes
    8y
    Congrats! Please provide details. How did you find the lead? How did you close? Etc...
    1Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Account Closed:

    Congrats! Please provide details. How did you find the lead? How did you close? Etc...

     Actually spent no money on the lead. I was just browsing through Craigslist and saw a motivated seller headline. Called the seller up, got it under contract. Sent it out to my buyers and closed a week later with an investor friendly title company. 466 under contract and flipped it for 470. 

    9Reply
  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    8y

    @Jordan Santiago

    It's good that you didn't spend money on the lead. It also appeared that you didn't need to spend too much time either.

    However, those are some super razor thin margins.

    After tax - its prolly looking at 2k.

    Sorry for sounding so negative - you are a young guy - keep up the good work!

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
    View Page
    0Reply
  • Newton Mignott
    Brooklyn, NY · Member since 2017 · 9 posts · 2 votes
    8y
    Congrats! Keep the momentum
    0Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Newton Mignott:

    Congrats! Keep the momentum

     Thank you, really appreciate it!

    0Reply
  • Account Closed
    New York City, NY · Member since 2016 · 420 posts · 172 votes
    8y

    where did you get your contract from ? Also how did you acquire your buyer’s list ?

    0Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Account Closed:

    where did you get your contract from ? Also how did you acquire your buyer’s list ?

     Got my contract from the internet honestly. I just did whatever it took. My buyers list by word of mouth, calling We Buy Houses signs, and I did a direct mail campaign once to absentee owners and found a lot of them were buyers so added them. Buyers have a lot of buyer friend as well.

    4Reply
  • Nick Rutkowski
    Rental Property Investor · Ithaca, NY · Member since 2015 · 1k+ posts · 1k+ votes
    8y
    Yeah man! Congrats on your accomplishment!
    0Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Nick Rutkowski:

    Yeah man! Congrats on your accomplishment!

     Thanks so much man, really appreciate it!

    0Reply
  • Ian WalshBusiness Member
    Lender · Philadelphia, PA · Member since 2016 · 2k+ posts · 1k+ votes
    8y

    Great work.   Keep getting after it!

    1Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Ian Walsh:

    Great work.   Keep getting after it!

     Thanks Ian! 

    0Reply
  • Chris Masons
    Investor · Union, NJ · Member since 2011 · 838 posts · 295 votes
    8y

    Congrats Jordan!! Great job! Doing this at 20 years old is really an accomplishment!! Keep it going next one will be even more profitable for you.

    Time is on your side. The best piece of advice I tell people when they ask me for advice is start young, younger the better. Having time on your side and gaining this experience at this age is such a HUGE advantage.

    regards,

    Chris

    0Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Chris Masons:

    Congrats Jordan!! Great job! Doing this at 20 years old is really an accomplishment!! Keep it going next one will be even more profitable for you.

    Time is on your side. The best piece of advice I tell people when they ask me for advice is start young, younger the better. Having time on your side and gaining this experience at this age is such a HUGE advantage.

    regards,

    Chris

     Thank you for those kind and encouraging words Chris. Means more than you think! 

    0Reply
  • Valerie Copeland
    Atlanta, GA · Member since 2017 · 28 posts · 7 votes
    8y

    AWESOME SAUCE!!!

    0Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Valerie Copeland:

    AWESOME SAUCE!!!

     Haha! Thank you!

    0Reply
  • Elizabeth Wilson
    Real Estate Investor · Memphis, TN · Member since 2016 · 940 posts · 695 votes
    8y

    @Jordan Santiago - Congrats!  Love the hustle and enthusiasm!  Keep at it!

    0Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Elizabeth Wilson:

    @Jordan Santiago - Congrats!  Love the hustle and enthusiasm!  Keep at it!

     Will do. Thank you so much Elizabeth! 

    1Reply
  • Grant Rothenburger
    Investor · Taylor Mill, KY · Member since 2016 · 2k+ posts · 964 votes
    8y

    Congrats @Jordan Santiago! $4k is great on a first wholesale!

    0Reply
  • Jordan Santiago
    OP
    Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    8y
    Originally posted by @Grant Rothenburger:

    Congrats @Jordan Santiago! $4k is great on a first wholesale!

     Appreciate that Grant !!

    1Reply
  • Michael Quarles
    Flipper/Rehabber · Bakersfield, CA · Member since 2008 · 3k+ posts · 3k+ votes
    8y

    Awesome JOB!.... Now go get 10 more.

    0Reply
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