Contractor · Member since 2019 · 29 posts · 5 votes
I am 39 and looking to retire at 55. I have been in management for 15 years as an employee. I have made companies profits in the millions...yet if I miss 30 days of paychecks I am put out. Looking for option to generate passive income to cash flow investments.
Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
6y
Wholesaling is a good bet. Keep in mind if you do it the same way as 97% of the people that failed are doing, chances are you will fail. Think, use logic, be smart, don't blindly listen to others because they seemingly know more than you. Don't listen to anyone that hasn't done a single wholesale deal before... and making marketing your dirty dirty mistress!
Specialist · Los Angeles, CA · Member since 2019 · 587 posts · 269 votes
6y
Hi @James Pennington! I completely understand. I have recently found a program that's helped kick start my career in wholesaling. I started with vacant land because it's less risk and capital. I wish you the best of luck.
Contractor · Member since 2019 · 29 posts · 5 votes
6y
@Amy Aziz thats awesome! Thanks for the reply. If you don't mind me asking did you build or turn the land as it is? Tbh, I never thought about wholesaling parcels...thats a great idea!
Specialist · Los Angeles, CA · Member since 2019 · 587 posts · 269 votes
6y
@James Pennington I send out bulk mailers purchase the land and resell. I don't do anything besides hire a local photographer to take pictures of the land.
Contractor · Member since 2019 · 29 posts · 5 votes
6y
@Amy Aziz Great info! Thanks for the input. This might work well in my area as it is need of development and it's a college town. I will surely look into this!
Contractor · Member since 2019 · 29 posts · 5 votes
6y
@Christopher Petrillo. Thanks! That seems to be the best way to get started. My goal is to wholesale my first property by the end of the year. I'll be sure to post my progress. Thanks for the reply!
Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
6y
Wholesaling is a good bet. Keep in mind if you do it the same way as 97% of the people that failed are doing, chances are you will fail. Think, use logic, be smart, don't blindly listen to others because they seemingly know more than you. Don't listen to anyone that hasn't done a single wholesale deal before... and making marketing your dirty dirty mistress!
Contractor · Member since 2019 · 29 posts · 5 votes
6y
@Jerryll Noorden. Excellent advice...just the way I like to it, raw and unfiltered. Quick question...for the first wholesale is there anything special or particular I need to keep an eye out for?
@Jerryll Noorden. Excellent advice...just the way I like to it, raw and unfiltered. Quick question...for the first wholesale is there anything special or particular I need to keep an eye out for?
Yeah wholesaling is tricky. Transparency/honesty is everything, but delivery is the key. People have the wrong perception of wholesaling and what it eally is. Wait till you are face to face with the seller (like during the walktrhough when you are ready to make the offer) to explain their options and wholesaling. (We make offers right after the walkthrough face to face.
I recommend doing that.
(Take off your shoes as you do the walkthrough (when people live in it).
Sign of respect and you will start on the right foot! Their demeanor changes INSTANTLY!
@Jerryll Noorden. Excellent advice...just the way I like to it, raw and unfiltered. Quick question...for the first wholesale is there anything special or particular I need to keep an eye out for?
Anyone ever tell you your man beard is beastly? I want one too!
Rental Property Investor · San Francisco, CA · Member since 2019 · 8 posts · 5 votes
6y
@Amy Aziz
Hi Amy,
How long are you in contract? Do you obtain the title or you just find a new buyer? What market are you in and what are some of the key requirements to succeed and get properties sold timely?
How long are you in contract? Do you obtain the title or you just find a new buyer? What market are you in and what are some of the key requirements to succeed and get properties sold timely?
Super interested 😀
Hi Melody! I try and flip the land as quickly as I bought it. I purchase the land cash and get the title in my name and resell it. I'm in vacant rural land. I make sure the title is clean before I take ownership.
Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
6y
Originally posted by @Account Closed:
@Jerryll Noorden how would you go about marketing? What has worked for you? Thanks in advance for the information!
Number 1 rule of marketing. Think!! Dont just follow blindly. Understand marketing, not tasks.
Let me elaborate. Understanding a task is simply learning how to do that task right.
So you doing paid ads and everyone telling you to build a stupid landing page, you will figure out how to build a landing page. But did you give it any thought WHY and HOW a landing page should be used? Nope, noone does because everyone does "landing pages".
When you think on your own and you understand marketing you will realize to be successful at it, you need to understand your audience, and you need to extract what is unique to that audience. What characteristics does that audience sample have that other people do not have. Once you figure that out. and I did muuuhahahahaha, you will get leads out of your bumbutt.
It is extremely easy to be honest, as long as you have the ability to think, be intelligent, and have confidence you can do it.
And that is how I go about marketing. No matter what kind of marketing you do... as long as you think you will leave everyone behind in your dust!
@Jerryll Noorden That is back time feedback! Thank you Jerryll! I also sent you a personal message as well! Please take a look when you have some time.
Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
6y
Originally posted by @Account Closed:
@Jerryll Noorden That is back time feedback! Thank you Jerryll! I also sent you a personal message as well! Please take a look when you have some time.
Welcome, and I replied hours ago to t he message :)