First Wholesale Deal Complete
For the past two years, I have worked with two experienced investors who allowed me to work with them. For the first year and a half, my only job was to drive for dollars and send them the addresses. In the first month of doing that, I found a deal and received my share of it. I found him four deals throughout that time while still in high school. After my first semester in college, they decided it was time to teach me so I could one day be on my own. I was in charge of my marketing, and they would help me with the process.
Along with learning, I would get twenty percent of the deal, depending on our strategy. This started in January. Balancing school and figuring out the correct way to market was difficult, but I managed to contact a few people, but no leads. As soon as summer arrived, I started taking it more seriously. I sent letters to probates and distressed properties, pulled public records from my county, and put out sticky notes and signs. We talked to several sellers and ultimately had two deals under contract. Both are distressed properties with owners looking to get rid of them. Ultimately, one seller backed out, but the other deal went through. We closed this past Monday. My goal now is to reinvest the earnings to keep the ball rolling.