5 Things I Wish I Did (Plus The 1 Decision I Made) Before I Got Fired. The S.I.M.P.L.E. Method To Prep For Wholesale Career Success
06/06/24 • 31 min
#14 In this episode titled "5 Things I Wish I Did (Plus The 1 Decision I Made) Before I Got Fired: The S.I.M.P.L.E. Method To Prep For Wholesale Career Success," Watson dives deep into the fundamental aspects of preparing for a successful career in real estate wholesaling. Drawing from his own experience of transitioning from a business banking job to a full-time real estate wholesaler after an unexpected firing, Watson shares invaluable insights and actionable steps to ensure you're ready for the leap.
We explore the "S.I.M.P.L.E. Method" of wholesaling career prep, including the importance of choosing the right escrow and title companies, budgeting for marketing, planning for insurance and benefits, and the necessity of mentorship and community. Watson underscores the need for building confidence through successfully closed deals before leaving your current job and emphasizes the value of joining real estate investment associations for guidance and support.
Whether you're considering a full-time move into real estate wholesaling or looking to fortify your business strategies, this episode provides practical advice and proven techniques to set you up for success. So sit back, take notes, and get ready to unlock the potential to thrive in real estate wholesaling!
Join The Waitlist For The Wholesale High Skool Community🎓
0:00
Intro
Fired After 7 Months
What's Your Current Job Status
S- Savings (For Marketing- Google PPC, Pay Per Lead, Direct Mail, Cold Calling)
I- Insurance & Other Benefits
M- Mentorships (Join The Waitlist For Wholesale High Skool)
P- Proof Of Workmanship
L- Logistics
Subscribe to The Whole(sale) Truth Podcast and follow me on instagram @i.m.watson
Propstream- 7 Day Free Trial
Subscribe to our Newsletter and Get the Agreement of Sale and Assignment Contract that Watson uses for FREE!
www.thewholesaletruth.com
#14 In this episode titled "5 Things I Wish I Did (Plus The 1 Decision I Made) Before I Got Fired: The S.I.M.P.L.E. Method To Prep For Wholesale Career Success," Watson dives deep into the fundamental aspects of preparing for a successful career in real estate wholesaling. Drawing from his own experience of transitioning from a business banking job to a full-time real estate wholesaler after an unexpected firing, Watson shares invaluable insights and actionable steps to ensure you're ready for the leap.
We explore the "S.I.M.P.L.E. Method" of wholesaling career prep, including the importance of choosing the right escrow and title companies, budgeting for marketing, planning for insurance and benefits, and the necessity of mentorship and community. Watson underscores the need for building confidence through successfully closed deals before leaving your current job and emphasizes the value of joining real estate investment associations for guidance and support.
Whether you're considering a full-time move into real estate wholesaling or looking to fortify your business strategies, this episode provides practical advice and proven techniques to set you up for success. So sit back, take notes, and get ready to unlock the potential to thrive in real estate wholesaling!
Join The Waitlist For The Wholesale High Skool Community🎓
0:00
Intro
Fired After 7 Months
What's Your Current Job Status
S- Savings (For Marketing- Google PPC, Pay Per Lead, Direct Mail, Cold Calling)
I- Insurance & Other Benefits
M- Mentorships (Join The Waitlist For Wholesale High Skool)
P- Proof Of Workmanship
L- Logistics
Subscribe to The Whole(sale) Truth Podcast and follow me on instagram @i.m.watson
Propstream- 7 Day Free Trial
Subscribe to our Newsletter and Get the Agreement of Sale and Assignment Contract that Watson uses for FREE!
www.thewholesaletruth.com
Previous Episode
Life Changing Relationships: The Wholesale Deals & Dating Diary
#013 In today's episode, we're taking a closer look at how the quality of our relationships can dramatically influence our personal and professional lives. We'll hear firsthand about the challenges and successes in the world of real estate wholesaling through some real world examples, including a problematic negotiation influenced by a wife who sold her home without telling her husband and the conversation Watson had with the man. And we'll discuss the importance of servant leadership and how cultivating a team to operate independently in pursuit of business efficacy is not only a blessing but a requirement in the real estate space today.
Adding an intimate layer to our conversation, Watson shares his personal reflections on dating and finding the right partner. We'll explore how personal connections can either propel us forward or pull us back, and we'll even recount a unique run-in with law enforcement that turned into an unexpected interaction! Join us as we dissect the importance of surrounding ourselves with the right people in both business and personal spaces, and share how this philosophy can have a deep imact in life and business. So plug in those headphones and get ready for a blend of business insights and personal revelations here on The Whole(sale) Truth.
0:00
Intro
Being Of Service While Being Selective
The Gary Vee Way
Leading With A Servants Heart
Proverbs 21: 9 Better To Live On The Roof Bro
Dating Diary Entry
Fresh Out Of Rehab, Seller Goes Under Contract???
Relationship Philosophy: Good Women Make Great Men
Confronted By An Officer.... What The?!?!
Outro- Visit the New Site www.thewholesaletruth.com
Subscribe to The Whole(sale) Truth Podcast and follow me on instagram @i.m.watson
Propstream- 7 Day Free Trial
Subscribe to our Newsletter and Get the Agreement of Sale and Assignment Contract that Watson uses for FREE!
www.thewholesaletruth.com
Next Episode
3 Ways To Comp Your Wholesale Deals & Calculate Your Maximum Allowable Offer For 5 Figure Profits
#15 In today's episode, Watson shares three key methods to determine the property's value and calculate the maximum allowable offer, designed to help beginners and seasoned wholesalers alike turn deals into substantial profits. Tune in for practical insights on using tools like Redfin and Propstream, building rapport with sellers, and navigating the intricacies of the distressed property market.
Watson also unpacks the art of negotiating property deals by understanding the seller’s true motivations and needs. He dives deep into the importance of results-based conversations, revealing how asking the right personal questions can shift negotiations from mere price-focused discussions to mutually beneficial solutions.
Whether you’re just starting out or looking to refine your strategies, this episode is loaded with actionable advice to help you close more deals effectively. Plus, don’t miss Watson’s top tips on bridging the gap between a seller’s problems and the solutions you can provide. Let’s get started!
0:00
Intro
What's An Offer
Comp Formula #1- BRV
Comp Formula #2- ARV
Comp Formula #3- LRV
Call To Action- 1,2, or All 3
Outro- Join Waiting List For Wholesale High Skool Community
Join The Waitlist For The Wholesale High Skool Community🎓
Subscribe to The Whole(sale) Truth Podcast and follow me on instagram @i.m.watson
Propstream- 7 Day Free Trial
Subscribe to our Newsletter and Get the Agreement of Sale and Assignment Contract that Watson uses for FREE!
www.thewholesaletruth.com
The Wholesale Truth Podcast - 5 Things I Wish I Did (Plus The 1 Decision I Made) Before I Got Fired. The S.I.M.P.L.E. Method To Prep For Wholesale Career Success
Transcript
And one of the most tried and true ways to create success in an area, in an environment, and in an industry that you don't have any clue about is by connecting with people who have the results and achievements that you want, following them, modeling them, learning what they do, and implementing the techniques and best practices that they use to generate their success so that you can create your own. Welcome, welcome. Welcome to the Wholesale Truth podcast. I am your h
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