Wholesaling houses for beginners can be life changing but it can also kill a belief system.
So I want to share 4 tips to help you increase your chances of becoming a success story like I did.
TIP #1 – Turn your Excuses to your Why
The best skill you can apply to your journey is to turn all your excuses to the motivation you need to win.
All excuses are legitimate and real problems that you can use to improve your problem solving skills.
You will need the skill in wholesaling houses.
TIP #2 – The Goal in Wholesaling Houses as a Beginner is NOT to Quit, It’s to Replace the Income First
I understand the promises of becoming a millionaire but the worst place you can find your while wholesaling houses is…
Not being able to pay today’s bills and being desperate to close a deal.
Most desperate people stay broke because they can’t think straight like a champion..
It’s even worse when you have a family at home.
To be frank, it’s simply irresponsible to quit your day job before you replace the income.
So the primary goal is to replace the income and not to quit your job.
When it makes financially a short term, bills are paid for the next one year from an ongoing income and not savings,
Then you can quit.
Wholesaling Houses for Beginners TIP #3 – Gain Ability to Spend More
Wholesaling houses as a money making method tends to attract people who want something for nothing; sorry just my experience.
Hopefully, you are not one of them.
Investing in the “business” of wholesaling houses may not require thousands of dollars in capital.
But you will need a couple of hundred dollars for proper training, mentorships, marketing data, tools and marketing itself.
So make sure your goal is the ability to spend more on the business and not to spend nothing.
If your goal is to spend nothing, all you have to do is spend nothing… starting now.
And then, you won.
TIPS #4 – Value Your Time More
There is monetary value to your time whether you know it or not; you paid at least per hour at your job right.
Another skill you can learn right now is to learn how to flip that money you make from the job into big real estate wholesale profits.
The value of the time you spend with your family is precious and priceless.
Trust me, it’s not worth switching it with driving for dollars.
Flip the money from the job into tools and proper marketing skills and your family will appreciate that combination more.
Below is a question for us to address with this for Wholesaling Houses as a Beginner…
I am a 31 year old with 3 kids and a 29 year old wife.
I started to dive in wholesaling head first a year ago to give my wife and kids the best life possible.
But my wife convinced me I needed to take the sure money and keep my job so I did.
I drive a dump truck.
Well with all the rain we have had in Athens GA, I have barely been able to work the past 2 months.
And I’m to the point my son is 11, my daughter is 10, and my youngest is 7.
And none of us are getting any younger.
So I am to the point where I gotta make this happen if I can get some pointers in…
How to start out with very little money and I know about driving for dollars.
But I’m gonna try to keep my job until I get some good leads.
Any pointers on how I can squeeze it in.
I get up at 5am for work and when the days are shorter I get off at 6-7pm.
I go straight to my kids and we do sports.
We get home at about 9pm and I do all of this on my own bc my wife works 3pm-1am.
Thanks in advance.”
This video below for wholesaling houses beginners, is a must watch.
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Padilla 5.0 out of 5 stars ⭐⭐⭐⭐⭐ Awesome book!!
Cliff R. 4.0 out of 5 stars ⭐⭐⭐⭐ Full of actionable, useful information for sure.
The author does an excellent job of cutting through much of the real estate wholesaling BS that is prevalent in the market. That is to say while most gurus are teaching what they DO NOT DO, Ola outlines steps of creating value at the center of your marketing. His down to earth delivery just makes sense. He speaks of leveraging technology, the importance of multiple income streams, and an overview of the real estate wholesaling business in the new age of business marketing. For example, he mentions that many people don't even like their family members stopping by unannounced, so how can you expect them to be ultra receptive to a stranger popping up looking to capitalize on a misfortune. Of course that's not how the "Door Knocking" conversation would be framed, but that's exactly what it is. All in all I enjoyed the read and if you plan on making action your focus, you will too.
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How do you wholesale a house for beginners?
It starts by collecting data of potentially distressed property owners, then contacting them with an offer to purchase, negotiating a deal below 75% of the present property after repair value, locking it under contract and assigning the equitable rights secured by the contract to a willing and able able end buyer in exchange for a wholesale assignment fee.
How much money do you need to start wholesaling real estate?
Using the smart wholesaling formula, all you need is $300 but it can take a lot less if you don’t value time and have time to invest in manual marketing methods.
Is wholesaling real estate easy?
As simple as real estate wholesale is, it is not easy. But that’s why our competition in the business when it come actual doers are very low.
Is wholesaling real estate worth it?
If you understand that wholesaling real estate is about your marketing skills and ability, it is worth every effort you apply to it.