There are lots of people who struggle for not understanding leverage; one of which is to find real estate wholesalers to join your network.
At the end of the day, we all start with limited resources but when you understand this lesson below, you are simply switching to the UNLIMITED.
So I want to give you 3 reason why a part of your resources, time, money and/or energy must be allocated towards finding other real estate wholesalers to add to your network
(1) Accountability Partners
This is business can be hard when you don't have others around you pursuing the same goals.
And this is especially true if you are just getting started; there are blind spots everywhere and many times, all you need is the perspective of an accountability partner.
With that being said, it doesn't have to be a legal partner on paper; your partnership will be limited from deal to deal.
(2) Foots on Ground
A big part of your revenue will be virtually wholesaling if you are doing this right in 2000&DIGITAL.
So you will find deals beyond your local jurisdiction and nationwide while you can only be in one place at a time.
As you know, you can even build a real estate wholesaling business from outside of the United States.
Other real estate wholesalers will become quite resourceful as you find and close deal around the nation.
At the rate that civilization and technology continues to evolve,it's important to surround yourself physically and virtually with sound minds who are also paying attention.
So in this context, a mastermind is a combination of minds to conquer the world of wholesaling and real estate investing at an exponential rate.
List building of end and cash buyers is a big ingredient of the business.
So there is no question that you should be building your very own list so that you can also bring some value into your network.
However with other real estate wholesalers in your network, you can move deals a lot faster; time is your most valuable resource anyway.
(5) Net Worth
The bigger your network is, the higher your net worth tends to grow right?
That's even better when you have a network of real estate wholesalers around the nation at your fingertips.
Below is a question for us to address with this lesson...
“I have a deal with a buyer who has a VA home loan.
He has a realtor representing him but he needs the house sold very quickly.
Check this out. I need some creative ideas here.
He has a 4 bed/2 bath 2 story home next to a pond and sits on 23 acres of land with timber rights.
He has $260,000 left on his mortgage and wants $300,000.
Problem is he has to sell all under the VA home loan.
He can't part out the land. Is this deal dead in the water?
I would try to hard money the home to get the land and then try to sell the home with 5 acres and move to sell the remaining acres to some potential buyers.
But I will need some hard money lenders and a lot of creativity.
Would that work?”
Enjoy the video.
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ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO and author of Smart Real Estate Wholesaling. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and a father. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
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myEmpirePRO :|: http://myEmpirePRO.com