Beginner’s Wholesale

If you have a real estate investor success story to share, please do so through
our “Contact Us” page. Thank you.

This is an older story, but I never shared this success story with anyone until now. I think it shows my perseverance. I realized my purpose and direction in real estate around July/August 2003. My realization came when I began listening to and learning from an investor named Joe Crump in Indianpolis, IN. I was interested in real estate for years, but was never compelled to take such decisive action as I was when I learned from this man. I started that September with an ad in the newspaper. Got some calls from some interested sellers, but nothing concrete. I came close on one deal, but my fears caused me to lose the deal. Without a lot of time to dedicate to the biz, I did what I could with my leads and learned something from each one. Then came the holidays and we all know how they treat us. =^)

I decided to hit it again on the first of the year. I first placed an ad seeking investors to join my network. I then started testing seller ads and came up with a good ad to run. I didn't come upon my ideal ad until April, 4 months after starting. I was part-time, so I wasn't able to dedicate all necessary man-hours. I had many calls from many sellers, investors, and just plain Curious George's. I was visiting each property and learning about what it took to succeed in this biz. My hopes started to grow weak and I could see why so many beginners fail at this game. But, I KNEW this is what I wanted to do, and I wouldn't stop. Finally, on May 3rd, 2004, I got a call from a seller who immediately came at me with a price of about 80% LTV. Here was the best lead yet!

I set the appointment and visited the property. The seller had a job transfer and needed to be out of town in 2 weeks. I said I could do it and signed the purchase agreement after getting the price down a bit more. At this point, I started calling my investors and offered it to the first person who spoke up. I had several investors tell me there wasn't enough margin in it for them. If they all said the same thing, I would have had to go back to the seller and re-negotiate. I had one investor who showed interest and I ended up asigning the deal to him 2 weeks later for $3k assignment fee. Small potatoes, but I finally saw some reward for my efforts. 2 weeks, $3k, I could live with that. Nevermind the 5 months of nothing it took to get it right. But, I never gave up and it paid off.

Kristopher G.
Phoenix, AZ

To read more real estate investment success stories, please click the links below. Thanks.

We love your feedback and welcome your comments.
Please post below:

Beginner’s Wholesale

Are you sure you want
to log out?