BiggerPockets Podcast 231: A Simple Strategy for Doing 25 Deals a Month with Brett Snodgrass

by | BiggerPockets.com

There are a lot of “shady” people in the real estate space, and wholesalers tend to be the worst offenders. So today on The BiggerPockets Podcast, we are excited to bring you an interview with Brett Snograss, an investor from Indianapolis market who’s (ethically) wholesaling up to 25 houses each month! Brett shares his exact strategies for finding deals, growing his business, and networking with others. You’ll even witness a “one-on-two coaching” moment as Brett walks Josh and Brandon through their “first deal” at wholesaling real estate. Brett is a great guy with a super powerful message that will leave you motivated and equipped to dominate your own real estate market!

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In This Episode We Cover:

  • Brett’s background as an entrepreneur (and how he got sued!)
  • Tips for buying discounted real estate properties
  • How to get up to 25 properties a month
  • His definition of wholesaling
  • Why he doesn’t fix and flip
  • A discussion on whether this is a good strategy for newbies
  • How his company handles closing costs
  • Why wholesalers run a transactional business
  • The average profit per deal and a walkthrough of one deal
  • How to use direct mail and a PPC website
  • Tips for working on your marketing funnel
  • What Brett’s team looks like
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “Your reputation is everything.” (Tweet This!)
  • “If I can save myself 5 hours a week training somebody else to do what I’m doing, then that’d be awesome.” (Tweet This!)
  • “Wholesaling is a transactional business.” (Tweet This!)

Connect with Brett

Show Preview

About Author

Thanks for checking out the BiggerPockets Real Estate Investing & Wealth Building Podcast. Hosts Joshua Dorkin & Brandon Turner strive to bring top-notch educational content and interviews to our listeners — without the non-stop pitch prevalent around the industry.

With over 1500,000 listeners per show, the BiggerPockets Podcast has become the biggest real estate podcast in the world. But don’t take our word for it. We’re the top-rated and reviewed real estate show on iTunes — check it out, read the reviews on iTunes, and get busy listening and learning!

17 Comments

  1. Alex S.

    Great podcast….the question is how did someone go from making $6,000 on his first deal to making 200 offers per month and closing on 130 properties in one year? If he is financing all his deals…how did he make that big jump? Would love to know how that transition took place?

    • Brett Snodgrass

      @Alex S. Excellent questions! Well, it happened over time. I did not make $6,000 on my first deal and then the next month close on 20 properties. It took time, consistency, and a lot of work. I slowly built up a team and reinvested the profits, like any growing business would do. We do not finance all deals but when we do I know who I can call to fund the deal. I have built solid relationships with only a few private money lenders so they trust me when I ask for money for transactions. To you it seems like it was a big jump, but to me, it has been a long journey and a wonderful ride and I thank God for the opportunity.

  2. Brett Snodgrass

    I just wanted to give a quick shout-out to Brandon & Josh. It was humbling and honoring to be a guest on the show. Thank you, guys! BP is Amazing and has influenced me on a business level and a personal level so much! I appreciate both of you.

  3. Nathan G.

    Another great podcast. Even though I have zero interest in wholesaling, this was an informational and entertaining show.

    Brett, my only concern is that you have basically built a job. I know you intend to replace yourself with an employee but why don’t you hold some of these properties as long-term investments? After ten years it seems you would have an amazing portfolio and some serious passive income.

  4. Niyi A.

    The story Josh told during the random 5 at the end was hilarious hahaha. Thank you guys again for putting BiggerPockets together. This website and the podcast gave me the confidence to purchase my first “househack” last december and i’ve benefitted so much in such a short amount of time that i’m putting offers on another property right now.

  5. Anthony Robles

    Brett , amazing podcast #231. I am a NEWBIE, and have spent countless hours building my KSA (Knowledge, skills and abilities) I have to say during this short journey, I have yet to come across someone who has a BIGGER PURPOSE. I thank GOD for your inspiration, as I too would like to build a business for the purpose to bring more Glory to GOD. Its actually in my Mission statement.
    I love the concept of simplicity, and integrity. One of my favorite quotes , “IF YOU DONT STAND FOR SOMETHING, YOU’LL FALL FOR ANYTHING”

    Thank you again

    ….I would be remiss to not thank Josh & Brandon. You guys are incredible, and I look forward to 1000 + Podcasts.

  6. Stephen Barton

    Awesome show you guys! So glad to finally see Brett getting the attention he has earned. It has been my honor to know Brett as an investor but more importantly – as a friend. What an amazing episode for all of us, new and otherwise. Thank you, Josh and Brandon, for getting Brett on this show. He truly is someone we can all look up to in real estate and in life.

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