165 - #Replay - How to Make Money Wholesaling Real Estate When You’re Dead Broke

12/29/22 • 29 min

1 Listener

"Don't worry about having all the steps in place - find the first action step and take it!"

Jarrod Frankum likes to make things happen. He fell in love with Brazil and did campus ministry there, but he moved back to Texas in 2019. He started driving for dollars and made over $100,000 in his first 9 months - with little to no money, no experience, and no coaching!

In this replay episode, Jarrod talks about the ups and downs of his real estate adventure. Listen to learn about the steps he took to land deals and overcome challenges.

Key Takeaways

How Jarrod first learned about real estate investing
He makes offers through handwritten letters
His experience with Real Estate Investment Association (REIA) meetings
The importance of building a team to avoid burnout
Jarrod's advice for those just starting in real estate investing

Resources

"Don't worry about having all the steps in place - find the first action step and take it!"

In this replay episode, Jarrod talks about the ups and downs of his real estate adventure. Listen to learn about the steps he took to land deals and overcome challenges.

Key Takeaways

How Jarrod first learned about real estate investing
He makes offers through handwritten letters
His experience with Real Estate Investment Association (REIA) meetings
The importance of building a team to avoid burnout
Jarrod's advice for those just starting in real estate investing

Resources

Previous Episode

164 - #Replay - From $70k in Debt with an Amazon Business to Crushing It Wholesaling Houses

Nick Piña is a real estate investor who has experience flipping houses and doing wholesaling. In this replay episode, we look back to his journey of switching from e-commerce to web design to real estate and the challenges he faced along the way. He also discusses the pros and cons of flipping houses and offers advice on how to succeed in the real estate industry, including investing in yourself and hustling until you land your first deal.

Additionally, Nick talks about the importance of setting expectations with sellers from the beginning and using hard money loans in the flipping process. He then talks about 2 deals that earned him and his business partner over $70k.

Key Takeaways

What inspired Nick to get into real estate investing
On doing joint ventures, flips, and wholetailing
Set expectations with your seller from the moment you sign the agreement
On getting a hard money loan to flip houses
Nick’s advice: invest in yourself and keep hustling until you get that first deal

Resources

Next Episode

166 - #Replay - How Going All-In Led this Wholesaler to $30k in His First 60 Days!

In this #Replay episode, we hear from Shane Kirksey (once more), the savvy real estate investor with a background in sales and entrepreneurship. Shane shares his journey from starting a solar company to becoming a full-time wholesaler and how he was able to secure $30k in his first two months in the business. He also discusses the challenges he faced after his initial success, including a couple of "dead" months, and provides valuable insights on marketing strategies, the benefits and drawbacks of hiring employees, and the importance of seeking out mentors or coaches in the industry.

Tune in to learn more about Shane's experiences in real estate wholesaling and get his tips for those just starting in the field.

Key Takeaways

In wholesaling, the majority of your expenses will be for marketing
What a lien is
The goal is to have a team that does the day-to-day work—bringing leads, cold calling, etc.—so that you have time to do other things
Shane’s advice for wholesaling newbies
On finding coaches or mentors

Resources