Quit My Job and Plan to Wholesale
Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes
Quit My Job and Plan to Wholesale
Most Popular Reply
What was your job?
Im always so confused by these, at what point did your job prevent you from doing a deal? Was it not possible to do both?
I guess depending on what the job was then maybe that plays into it some...but curious of the thought process on this..
556 Replies
- Jacksonville, FL · Member since 2013 · 226 posts · 116 votes8y
Burn the boats and just go for it!...you will be miles ahead of a majority of the people who dont have the OO's to pull the trigger. Good luck!
- Realtor · Philadelphia, PA · Member since 2015 · 18 posts · 3 votes8y
Congrats! Don't listen to any of the nay sayers! I did the same thing you did. I had a decent paying job, was un happy, got into wholesaling, put a few under contract and honestly before my first closing check, I quit my job. Been doing real estate ever since and haven't looked back!! Make sure your consistent with your goals and you wont ever have to worry about working a 9-5 again....
Originally posted by @Timara Marie:
Congrats! Don't listen to any of the nay sayers! I did the same thing you did. I had a decent paying job, was un happy, got into wholesaling, put a few under contract and honestly before my first closing check, I quit my job. Been doing real estate ever since and haven't looked back!! Make sure your consistent with your goals and you wont ever have to worry about working a 9-5 again....
What was your average profit per deal on the wholesale side ?
- Member since 2018 · 6 posts · 3 votes8y
Wow! I like your courage, Melanie. Win Big or Go Home! You can do it. There are many jobs to go back to if things don't work out. I'm sure you'll succeed once you put in more time to talk to sellers and wholesale buyers on a daily basis. It's a bit scary, but who says waking up broke every morning wasn't scary as well?
- Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes8y@Matt K. You can’t reason with someone AFTER they quit lol. You have to do that before they quit. @Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
- Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes8y
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
As mentioned in an earlier post my take home pay (aka. NET) last school year was about $38K. Take that and subtract materials, training, insurance, and other fees. I'm looking at closer to $35-36K a year (TRUE NET), so not anywhere close to bringing home $70K. I am currently a nationally certified school psychologist. It can be done, has been done, and will be done again (by me).
- Hartford, CT · Member since 2017 · 1 post · 2 votes8y@Melanie Hartmann Hey girl. I’m proud of you taking a leap of faith. No one knows your drive or dedication like YOU do, and who knows - this decision may prove to be one of the biggest in your life! I remember when I told myself I would never clock in again. The work from then on is just that - WORK. So, do like Rihanna ; ”work, work, work, work, work” and “LIVE YA LIFE”! Peace, blessings, and the best of luck to you.
- Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes8y
Originally posted by @Melanie Hartmann:
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
As mentioned in an earlier post my take home pay (aka. NET) last school year was about $38K. Take that and subtract materials, training, insurance, and other fees. I'm looking at closer to $35-36K a year (TRUE NET), so not anywhere close to bringing home $70K. I am currently a nationally certified school psychologist. It can be done, has been done, and will be done again (by me).
I get that you’re focusing on net and that’s fine but you will still pay taxes on your wholesale income. It’ll be considered self employment income which means you’ll pay the same state taxes, federal taxes as before plus all of the FICA taxes that you normally split with your employer.
Add in the same health insurance costs or more if your employer paid for some of it and the money you’ll likely spend on marketing and you realize you’ll need to gross a lot more then 70k to hit the same net as you did prior, all while working much much harder.
Btw 70k gross salary for 10 months of the year is equivalent to 84k a year gross, so you reallt should be aiming for that number with wholesaling.
- Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes8y
Not a tax professional the above isn’t tax advice
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Caleb Heimsoth:
Originally posted by @Melanie Hartmann:
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
As mentioned in an earlier post my take home pay (aka. NET) last school year was about $38K. Take that and subtract materials, training, insurance, and other fees. I'm looking at closer to $35-36K a year (TRUE NET), so not anywhere close to bringing home $70K. I am currently a nationally certified school psychologist. It can be done, has been done, and will be done again (by me).
I get that you’re focusing on net and that’s fine but you will still pay taxes on your wholesale income. It’ll be considered self employment income which means you’ll pay the same state taxes, federal taxes as before plus all of the FICA taxes that you normally split with your employer.
Add in the same health insurance costs or more if your employer paid for some of it and the money you’ll likely spend on marketing and you realize you’ll need to gross a lot more then 70k to hit the same net as you did prior, all while working much much harder.
Btw 70k gross salary for 10 months of the year is equivalent to 84k a year gross, so you reallt should be aiming for that number with wholesaling.
Thank you for your input.
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Leah Crocitta:
@Melanie Hartmann Hey girl. I’m proud of you taking a leap of faith. No one knows your drive or dedication like YOU do, and who knows - this decision may prove to be one of the biggest in your life! I remember when I told myself I would never clock in again. The work from then on is just that - WORK. So, do like Rihanna ; ”work, work, work, work, work” and “LIVE YA LIFE”! Peace, blessings, and the best of luck to you.You best believe it! I'm no stranger to that! Thank you for your encouragement!
Originally posted by @Melanie Hartmann:
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
As mentioned in an earlier post my take home pay (aka. NET) last school year was about $38K. Take that and subtract materials, training, insurance, and other fees. I'm looking at closer to $35-36K a year (TRUE NET), so not anywhere close to bringing home $70K. I am currently a nationally certified school psychologist. It can be done, has been done, and will be done again (by me).
Let's just keep this simple, from your research what's the avg amount you expect to make per deal and how many deals do you plan to make per month?
And again, why wholesale vs something else like flip or even realtor if you want job change...
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Matt K.:
Originally posted by @Melanie Hartmann:
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
As mentioned in an earlier post my take home pay (aka. NET) last school year was about $38K. Take that and subtract materials, training, insurance, and other fees. I'm looking at closer to $35-36K a year (TRUE NET), so not anywhere close to bringing home $70K. I am currently a nationally certified school psychologist. It can be done, has been done, and will be done again (by me).
Let's just keep this simple, from your research what's the avg amount you expect to make per deal and how many deals do you plan to make per month?
And again, why wholesale vs something else like flip or even realtor if you want job change...
$3500 would be on the lower end of average with $5000 being more typical. With the possibility of more occasionally. Ideally, once I have gotten things going, if I can do 1-2 a month while I learn the ropes, that will be enough for me. I will shoot for more of course but I really don't need, nor expect, to "get rich quick" from this.
Wholesaling for a few reasons 1) I want to build capital more quickly (yes, I know what naysayers will say about this - I really cannot explain in a post where I'm coming from on this so I'll stop trying). 2) I primarily want freedom to work for myself. 3) Deals I had access to going the "traditional" routes for the last 8 months have gotten me nowhere fast, i.e. wholesaling will give me access to deals that would be beneficial to me in building and branching out my own RE portfolio of either fix-n-flips but I am primarily/ultimately interested in obtaining rentals. In my local market everything has skyrocketed in price for investors recently. I'm also not interested in working solely as a real estate agent and we are moving out of state soon (unsure when), so why bother becoming licensed in such a case when it's completely unnecessary and ultimately useless due to the pending move? 4) I've talked to others who have gone this route and it's worked for them, so why not give it a try.
There are other reasons, but those are probably at the top of the list.
BP has several posts/articles as to the pros and cons of wholesaling. If you are interested in learning more, it's a good place to start.
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
Best case is $5K? Lol, I don't even touch a property for that amount anymore. With as hot as the market is, $10-15-20K is normal in the midwest. Your friend needs help. $4K in marketing should be bring in more than 1-2 deals too.
- Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes8y
Originally posted by @Adrien C.:
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
Best case is $5K? Lol, I don't even touch a property for that amount anymore. With as hot as the market is, $10-15-20K is normal in the midwest. Your friend needs help. $4K in marketing should be bring in more than 1-2 deals too.
Well again I said average. I’m sure it varies. Let’s say it’s 10k a deal, with the same 4K I. Marketing. Then at the same 118k gross you’d need to do 12 deals a year. That’s possible but going to be tough.
As for the flipper, I think he’s fine lol. He flipped 17 last year and is doing a lot more than that this year.
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
I have funded 100 plus deals in philly last 18 months most have wholesalers on them.. 2 to 10k average seen some higher but a lot of these folks all partner.. so there can be 2 to 5 people getting paid on one hud.. not sure what arrangements they have.. but my vendor prefers this as opposed to having his own Ack department.. you only pay for performance.. this model works best in cities with a ton of vacant homes or areas that are dominated by rentals.. .. it does not work in areas dominated by owner occ as they tend to be more coginizant of values and more likely to use realtors .
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Adrien C.:
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
Best case is $5K? Lol, I don't even touch a property for that amount anymore. With as hot as the market is, $10-15-20K is normal in the midwest. Your friend needs help. $4K in marketing should be bring in more than 1-2 deals too.
Well that's good to hear! Like I said, I don't need much to start with. I'm keeping my initial expectations low and on the conservative side. I have no personal experience doing it so, I really don't know what is actually possible... yet.
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Melanie Hartmann:
Originally posted by @Adrien C.:
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
Best case is $5K? Lol, I don't even touch a property for that amount anymore. With as hot as the market is, $10-15-20K is normal in the midwest. Your friend needs help. $4K in marketing should be bring in more than 1-2 deals too.
Well that's good to hear! Like I said, I don't need much to start with. I'm keeping my initial expectations low and on the conservative side. I have no personal experience doing it so, I really don't know what is actually possible... yet.
how are you going to start ?? everyone has to start marketing somehow.. also do you know who the big buyers are.. my client there is a big buyer 10 plus homes a month in Balt.. and there are others need to find those guys.. they are pros you don't want to get this stuff then try to sell to beginner investors that's no where street fast.. you need real buyers.
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
That's a horrible ROI if those are his actual numbers. Some things need tweaking or he should pursue something else. I'd never keep a business going with numbers like that.
I quit my job January 2016 to wholesale full time. I did 3 small deals in the fall of 2015 and had a small list of 250 absentee owners I was mailing. My goal was to do 12 deals at $10K each in 2016. I figured if i worked super hard, networked a ton, and educated myself, i could get it done. I had insurance residuals coming in so i wasn't worried about my income for 5-6 months. I busted my A and did 6 deals for $30K in the first quarter. It was tough and i second guessed my decision several times. I fought through it, networked more, got more experience, etc. I finished the 3rd quarter at 20 deals and $200K. I partnered with another wholesaler and over the last 7 quarters, we've put systems in place, hired people, and run a legitimate business. We'll do about 85-90 deals this year (mostly wholesales but some flips and keeping some rentals). We use a ton of private money (@Jay Hinrichs- want to chat?) and close on all our deals. Our buyer's list is gold to us. We take care of them by doing events and hosting the biggest baddest investor meet up in my area. Our buyers get great deals and keep coming back. We'll top $1.5M this year and it's the toughest market to find deals I've seen.
So my advice to you: ignore the negative people here, set a goal and a big why to go with the goal, and go get it done. Work past when you want to quit and don't stop learning. Joining a mastermind was the best $15K i ever spent. Good luck.
- Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes8y
Originally posted by @Melanie Hartmann:
Originally posted by @Caleb Heimsoth:
Originally posted by @Matt K.:
Originally posted by @Caleb Heimsoth:
@Matt K.You can’t reason with someone AFTER they quit lol. You have to do that before they quit.
@Melanie Hartmann. That’s pretty good salary if you’re a teacher? Better then any of my teachers ever made. I wish you luck but wholesaling is really the hardest part of real estate in my opinion
I just want to know what a typical deal makes in wholesale world...
Best case scenario is likely 5k on average which means to replace 70k you’d need to do 14 per year. But obviously wholesaling takes money.
I met a local flipper last week who spends 4K on marketing per month to get 2 deals (optimistically he actually said 1-2) per month. So if you spend 4K on marketing and make 5k per deal, to NET 70k you’d meed 118k per year in wholesale deals which is approximately 24 per year.
That's a horrible ROI if those are his actual numbers. Some things need tweaking or he should pursue something else. I'd never keep a business going with numbers like that.
Hard to tell a guy who’s flipping 20 plus homes a year successfully to change something lol.
I have this number: 2400 individual leads to get one deal, multiple times on BP, so I think that’s pretty accurate. You need 2400 points of contact or pieces of mail to get a deal. That’s just the reality of direct mail and that’s why I don’t reallt mess with it. My time is much better served just networking and what not.
Wholesaling isn’t easy and this is part of the reason why..
- Flipper/Rehabber · Baltimore, MD · Member since 2018 · 265 posts · 387 votes8y
Originally posted by @Adrien C.:
I quit my job January 2016 to wholesale full time. I did 3 small deals in the fall of 2015 and had a small list of 250 absentee owners I was mailing. My goal was to do 12 deals at $10K each in 2016. I figured if i worked super hard, networked a ton, and educated myself, i could get it done. I had insurance residuals coming in so i wasn't worried about my income for 5-6 months. I busted my A and did 6 deals for $30K in the first quarter. It was tough and i second guessed my decision several times. I fought through it, networked more, got more experience, etc. I finished the 3rd quarter at 20 deals and $200K. I partnered with another wholesaler and over the last 7 quarters, we've put systems in place, hired people, and run a legitimate business. We'll do about 85-90 deals this year (mostly wholesales but some flips and keeping some rentals). We use a ton of private money (@Jay Hinrichs- want to chat?) and close on all our deals. Our buyer's list is gold to us. We take care of them by doing events and hosting the biggest baddest investor meet up in my area. Our buyers get great deals and keep coming back. We'll top $1.5M this year and it's the toughest market to find deals I've seen.
So my advice to you: ignore the negative people here, set a goal and a big why to go with the goal, and go get it done. Work past when you want to quit and don't stop learning. Joining a mastermind was the best $15K i ever spent. Good luck.
That's amazing Adrien! Thank you for sharing your success story and the grit it took to get there!
To the naysayers: YOU WIN ok?!? No, I do NOT have all the answers but I also don't need to before getting started. I have already considered EVERY SINGLE ONE of the "what-if's" or "how are you going to over come this or that's" posted on this thread thus far BEFORE I made this decision. I have also contemplated and/or attempted EVERY SINGLE suggestion other than quitting my W-2 job and starting a wholesaling business. It's the next chapter of my book. It's not your book so don't worry if the pages get a little wrinkled, wet, or ripped out. I've got more paper at the ready.
Right now, can I answer exactly how I WILL overcome or what I will actually do or how I will actually perform? NOPE! YOU WIN!! OK, YOU WIN! No, I cannot answer these questions, because I HAVE NOT done it yet. So what point are you trying to make? I already addressed this in my initial post. What I'm doing GOES AGAINST ALL CONVENTIONAL ADVICE AND WISDOM. I am already well aware of that fact. I am also fully aware I might fail at this. Ok, so I go back to a W-2 job and try something else. So what? I have a goal and I'm going after it. I'd rather fail at something like this than go on being miserable knowing I never really tried. So, what really is your point?
I have ideas and strategies I plan to execute. Who knows what will work? What I do know is what I have been doing with my life is/was NOT working for ME. So for ME this is what I'm doing. Now go back to your ivory towers so I can begin building the foundation of mine. ;)
And with that I'm outtie! See ya on the flippity flip!
- Rental Property Investor · San Jose, CA · Member since 2016 · 114 posts · 54 votes8y
Originally posted by @Jerryll Noorden:
Originally posted by @Account Closed:
would you live in a triplex that wasnt yours with an active demo n reno going on?
you are creeping me out dude. I don't want to play no more..
That's the best comment I have heard and laughed about..haahha :D :D
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