All Forum Posts by: Bhekizwe M.

I would listen to the BP Podcast with Thach Nguyen on how he knocked on one hundred doors a day , five days a week for ten years and that got him one million USD per year from that ACTIVITY.Make sure you dont miss the part where he says one home seller let loose a dog on him and he had to get attention at the hospital from the bite.

I would also pay attention to the Tom Hopkins Champion formula to embrace rejection on pages 110-125 in his book Mastering the Art of the Sale.Especially the part where he says , you are paid for each rejection you get

Then TAKE ACTION, make the calls, follow up leads, ask for referrals, make offers, buy properties, choose your exit strategy etc

in making calls i would attempt to incorporate "negative phrasing" as taught by Steve Trang, to locate buyers, sellers, private money lenders.

I would also set a saving rate as taught by Anthony Robbins from book Money, master the game, becoming of an investor, taking advantage of the power of compounding

I would also keep in mind the 10000hour rule from Malcom Gladwell's book, Outliers reminding myself that attaining world class takes commitment

I've been thinking too of affordable housing.Investing in buy and holds in low to moderate income area due to a lower barrier to entry for each unit.

Hello

Getting starting and being active is most important

Love this thread.The posts have really made it clear that opportunity always exists, its the individual that needs to skill up and capitalize

 Barriers aren't increasing , just the environment keeps changing  requiring a different approach

Both are possible but with the wealth of knowledge resources available, getting a private lending partner through networking would be ideal to fund those first acquisitions.
Exhausting those contacts, referral, cold calls to locate one will get you going

My late father had a partnership with a family member, nephew.They were friends for as long as one knew them, however later probably due to differing expectations, duplication and poor communication the deal went south

It was an informal arrangement on a commercial property.They were doing the exact same thing (duplication of duties)

To be honest i am skeptical of partnerships unless its the variety of bring a deal(syndication/flip seeking private lender) and the other is a money partner (private lender/passive investor).

Maybe also listening to a mentor where you stand to gain from the other investor's experiences and contacts (sponsor). Duplication of duties are a big no no to avoid resentment if one feels they are working harder than the other etc

Its not all doom and gloom i know.i have lots to learn from those who have successful partnerships

Analyze yes.whats the pattern, then pick the best

Hello @Chad McClanahan

I believe today is the best time to get started.Opportunities always abound, its just that education , experience and training may be required to spot the opportunity right under our noses.

Thanks for posting @Herndon Davis. definite no to desperation

My goal should be aligned with that of the private lender for a smooth journey

Hello
JV to market the property to through another wholesalers buyers list then share the assignment fee or gains from double closings?

Its possible