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Updated about 14 years ago on . Most recent reply

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135
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Chris G.
  • Real Estate Investor
  • NowWhere, WI
25
Votes |
135
Posts

What exactly would you do with your time if....

Chris G.
  • Real Estate Investor
  • NowWhere, WI
Posted

So I'm getting laid off from my day job starting Sept. 1. The office I work in is closing so 62 of us are getting terminated.

My wife and will be able to survive on the decreased income that I will be receiving from state unemployment; but just barely so.

I want to really ramp up my wholesaling efforts. I am also a beginner Internet affiliate marketer (haven't seen any income role in yet, but doing SEO for you sites takes a while). So taking into consideration I will be staying home with my newborn son and that my income is decreasing; my question is, what exactly would you do with your time if you were in my shoes.

edit: I am currently working on a very promising SFR wholesale deal and I currently have a mobile home under contract. Looks like the mobile will sell on Monday or Tuesday for $6000 more than what I have it under contract for.

Most Popular Reply

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1,338
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684
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Steve L.
  • Investor
  • Rancho Cucamonga, CA
684
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1,338
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Steve L.
  • Investor
  • Rancho Cucamonga, CA
Replied

I would try to find a couple local medium to large buy-sell investors (10+ deals a year) and partner with them. You give them first shot at any properties you find. They explain their specific criteria and metrics so you aren't guessing.

Then I would hit the pavement hard and try to find properties for them. Work for cheap, so they keep coming back. Or work 50% of your fee upfront and a small piece of the profit. That way if it becomes a stinker...

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