Wholesale Houses and QUIT Your Corporate JobBy Scott Rister |
Be real here for a minute and ask yourself, "why are you investing in real estate?"
That's exactly what I'm getting at here and I'm asking those of you who are truly seeking a What would it be worth to you to plan your own schedule? Just how much value could you possibly place on determining your own income level rather than a 4-6% cost-of-living adjustment? That key to a true lifestyle change can be closer than you realize being a FULL-TIME real estate investor. You're probably thinking, "just how do they do it and make a living at it day after day?". It's not a secret to be revealed and is summed up in one word: If you can't pay the bills from your real estate profits, then you'll be clinging to the myth of job security in corporate America. Cynical?-Yes, but true and I've experience first-hand that "downsizing" is a nice word meaning expendable asset. I did all the "right" things in life for financial security that society has conditioned us to believe as true:
So I took the journey in creative real estate and now lay a pathway for YOU. I've graduated from the "school of hard-knocks" to become a FULL-TIME real estate investor---and so can YOU! The answer for you is not "rocket science" and lies in CASHFLOW!! I was soooooo hard-headed until this concept painfully set in with me and just a few ways I unsuccessfully tried:
For me it was a vicious cycle for years going back and forth from a wannabe full-time real estate investor and then back to find a corporate job with my tail between my legs. Talk about despair!! It all changed when I mastered one technique: So just how did it happen for me? I had just been to an appointment meeting a truly motivated seller but he just wasn't budging on all-cash needed; the price was right though! I left the appointment somewhat disappointed because my credit was tapped out and this guy had to sell like yesterday. M-O-T-I-V-A-T-E-D !! I knew if I didn't do the deal, there was a line of investors that would probably be running over each other bidding the property up. I could just hear the guy shooting me down and calling another investor: NEXT!!!!!!!!!!!! Then, it hit me! Right around the next corner I was driving and I saw a rehab crew working on a house. Thought I'd stop in and just get a rehab crew number in case anyone would ever lend me money on a rehab again (right!). Come to find out the owner of the property just happened to be there looking in on his crew and the guy was cordial---SURPRISE!!! In casual conversation we talked about being both investors but he just simply said that if I knew of any other deals like the one his crew is working on to let him know---GEEEZ!!! You could have knocked me over with a feather because I just left the deal with my payday written all over it. I got back on the phone calling the seller of the deal I just left "tieing" it up under contract and literally begging that my $100 earnest money check be held by my attorney (that I hope didn't bounce). Literally within the hour I had two contracts in hand: one to purchase for $12,000 and the other to sell for $14,000! FINALLY I GET IT!!!! You make TRUE money in real estate by using your brain. It's not about how big of a credit line you have, how much financing you have lined up, how great you swing a hammer or even how good looking you are. That is all a bunch of G-A-R-B-A-G-E! You get paid consistently month after month for being SMART!! To be honest with you I didn't even know what wholesaling was! I just knew that in a matter of days I had a $2,000 check in my hand and there was no stopping me now! Now, $2,000 isn't going to get you to retirement but from that first deal and 10 months later led me to 72 deals. Some I made more on, some less, but the principles were the same. I can remember it vividly that day my boss got fired at deal #29 and this time it was for good! I now had my own cash machine that was on autopilot and freed me finally for all the "home-run" deals to get coming my way. Wholesaling houses can put quick cash in your bank account and if you're looking for the quickest way to become a FULL-TIME real estate investor....then please challenge me to any other more sure-fired way to get there than wholesaling houses! We're talking about:
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