How To Wholesale Real Estate - Step By Step | Monty Kaser

02/18/24 • 66 min

Wealthy Investor Podcast - Real Estate Investing, Building Wealth, Faith Based

How to crush wholesaling and house flipping in 2024...
We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt
--
Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/
Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyy
Want to partner with Ryan to supercharge your business? Apply at https://www.pinedapartners.com/
You can invest in Ryan's real estate deals! Go to https://pinedacapital.com
Follow Wealthy Investor on Social Media:
https://www.instagram.com/_wealthyinvestor
https://www.tiktok.com/@_wealthyinvestor
--
Connect with Monty!
Instagram - https://www.instagram.com/monty_kaser?igsh=MTljN2wxMjFhYzB2ZA==
https://www.instagram.com/homerunoffer?igsh=MWlqOHh0cXJmdW9pYg==
Welcome Monty back to the podcast! Monty runs Ryan Pineda’s flipping and wholesale business, Homerun Offer. In today’s podcast episode, Monty and Brian share their experiences in the recent real estate market shifts, strategies and advice for new investors, and what it’s like working with Ryan Pineda.
In 2022, the real estate market shifted, and it was up to Monty to turn the business strategy around. Monty talks about the struggles the house flipping company faced when they had to pay high-interest loans as the deals weren’t panning out how they used to when the market was hot. The company shifted to a MLS wholesale strategy, so listen in to hear more about it!
Monty and Brian also delve deep into the reasons why flips and wholesales fail. Take notes so you don’t make the same mistakes! Monty openly admits that he dislikes flipping houses. From the risk level, over-leveraging, and leadership issues, any flipping business can go bankrupt quickly.
Monty shares his strategy for individuals just starting their wholesale journey. His advice is to stick to your market and dominate it before expanding nationwide. The guys share their thoughts on where to find deals and where to find buyers.
Entrepreneurship and leadership come with dark days. Monty reveals his struggles when he first stepped into his role and faced challenges in the business. Monty truly learned what it takes to be a leader, getting emotional while describing his feelings at the time. Brian has had similar experiences, and they share how they’ve overcome these struggles.

---
If you would like to work with Brian on flips, wholesales, or coaching, check out this page - https://www.briandavila.co/home-7863
Follow Brian on Instagram - https://www.instagram.com/thebriandavila/

Previous Episode

How Your Mentors Can Be Your Competition

Your mentor can be a peer you're in competition with!
We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt
--
Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/
Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyy
Want to partner with Ryan to supercharge your business? Apply at https://www.pinedapartners.com/
You can invest in Ryan's real estate deals! Go to https://pinedacapital.com
Follow Wealthy Investor on Social Media:
https://www.instagram.com/_wealthyinvestor
https://www.tiktok.com/@_wealthyinvestor
--

Next Episode

How to Develop Ground Up Rental Real Estate: From Building a Team to Finding Land Development Deals! | Dirk Vandervelde

Explore real estate development with Dirk—learn from his 84-unit project, discover the impact of single-family home investments, and get practical advice for new investors. Gain insights into common development mistakes and future plans in this brief, informative conversation with Dirk and Brian.
We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt
--
Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/
Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyy
Want to partner with Ryan to supercharge your business? Apply at https://www.pinedapartners.com/
You can invest in Ryan's real estate deals! Go to https://pinedacapital.com
Follow Wealthy Investor on Social Media:
https://www.instagram.com/_wealthyinvestor
https://www.tiktok.com/@_wealthyinvestor
--
Connect with Dirk!
Instagram - https://www.instagram.com/thedirkvandervelde/
Dirk is deeply involved in real estate development and has recently completed an 84-unit project. While he occasionally constructs homes for sale, he also retains some in his portfolio.
The impact of buying single-family homes is often underestimated. Dirk's initiation into his development career was made possible by the sale of his first home, generating a $70k profit. This money became the foundation for their venture into empty lots. Brian, too, achieved millionaire status through his single-family home portfolio.
In their discussion, Dirk and Brian delve into the intricacies of building a house. According to Dirk, the cost varies depending on the type of house and its location, generally ranging between $150-$175 per square foot. Additionally, expenses include permits and land acquisition. Dirk offers valuable advice for new investors, providing numerical examples of deals.
Addressing common development mistakes, Dirk candidly shares his own experiences. During the construction of a fourplex, misjudging the sewer hookup location resulted in unexpected challenges and additional expenses. Developers should exercise restraint to avoid overbuilding. Brian and Dirk encourage listeners to take notes on these shared mistakes to enhance their own learning.
The conversation extends to comparing ground-up real estate development with house flipping. Brian expresses frustration with the rapid turnover in the Las Vegas flipping market. Dirk highlights that while finding quality land is the most challenging aspect of development, the competition is not as intense.
Looking ahead, Dirk outlines his future plans, including further residential real estate development and venturing into storage unit development.