In this, we’ll talk about the selling drills, the oil boom & applicable leverage in real estate wholesaling.
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Some of the people making the most money during the oil boom were those selling the drills, the tools and how to use them. In the same token here, you want to learn how to teach people how to solve problems related to your industry. I want to show you how to do that.
In your traditional real estate wholesaling business, you have been trained to go out there and find distressed properties with distressed owners. That’s nice and all but if that’s all you do, you’ve be leaving significant amount of money on the table.
Newcomers and newbies are coming into the business on a regular basis after you. Thanks to the gurus and the seminars around the nation. That means you have more longevity in the game more than somebody. Sadly, most of this newbies will lose money, quit and go back to their regular life.
Why can’t you be their mentor? If you can become a mentor, for some of these newbie, not only would you be able to create a fortune from the simple concept of leverage and team building, you may also be able to create new sources of income eventually selling books, course and coaching programs. It’s called leverage.
In other parts of these book, I dive a little deeper into the I.L.D.T full income potential formula. Invest, Learn, Do and Teach. There is a saying…
“To teach is to learn twice…” ~ Joseph Joubert
QUESTION - “Hey OLA. I feel like cashflow is very hard in the wholesaling business. There are more competitions showing up on the scene daily.
How do I know? Well, my local REIA meet up is flooded every week with newbies. That makes me wonder if there are enough opportunities to go round.
It’s also hard not to relate the lack of consistent cashflow and deal flow in the business to that. There are new bandit signs going up daily and quite frankly, it’s annoying.
How would you suggest that we navigate this climate profitably? Thanks for your videos. Loving it.”
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ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO. 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 father to their 2 Boys. 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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