Wholesale Houses and QUIT Your Corporate Job
|Be real here for a minute and ask yourself, "why are you investing in real estate?"|
Those are excellent reasons to be in real estate whether you're wanting to make a little more money on the side while having your corporate job….but do you have larger aspirations in life??
- Long-Term Wealth Accumulation
- Cash-Flow Opportunities
- Large Capital Gains----Rehabs & Subject To Loan Payoffs
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:
In my experience there is a corporate ladder and you eventually fall off the other side when you make it to the top! In no uncertain terms I wasn't going to be "caught like a deer in the headlights" ever again....nope, no way, not ME!
- Go to school and get a degree
- Get a great job and work longer, harder, and better than anyone else and you'll make a ton of money
- Stay with the same company being loyal and they will be loyal to you
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:
All too often I'll advise and counsel new investors away from hitting the "home-run" deals and to take care of paying the bills! I know because I use to scramble in between each big payday trying for weeks and months to put the next one together.
- True rentals with no-money down techniques (because I didn't have any) making marginal cash-flow
- "Home-Run" rehab and subject-to deals that were great but at the time too far and few between
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:
What part of ZERO don't you understand??? So, what's your excuse now for not wholesaling houses?
- ZERO credit needed
- ZERO down payment money needed
- ZERO liability
|Scott Rister is a successful full-time investor living in Dallas, TX. Closing 72 deals in one 9 month period, Scott's property acquisition company, One-Stop Realty, LLC maintains current holdings in four states.|
After building a sizable portfolio of keeper properties that was not getting him where he wanted to go, he discovered the art of wholesaling. Since that time he's done hundreds of deals and focuses exclusively on motivated sellers using technology and a targeted marketing approach.
Scott Rister's approach is based on the belief that the successful real estate investor will leverage the best use of his/her time by implementing systems that can run on auto-pilot with minimal maintenance.
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