How a 6-Figure-A-Month Wholesaler Would Start All Over Again
By JP Moses on Oct 28, 2008 in Featured, Real Estate Investing Tips
So what if…
What if you took a very successful real estate wholesaler (let’s say, someone earning 6 figures a month or better) you plucked him out of his “home turf”, took away all his backing, cash, contacts, etc…
…then plopped him right down in the middle of anywhere’s-ville (any place he knows little-to-nothing about) with nothing more than his accumulated knowledge and wisdom to start with.
What would this guy — let’s call him “Bob” — EXACTLY what would “Bob” do in order to make it all back again as fast as humanly possible, and once again become a dominant wholesaling force in the local real estate landscape?
That’s exactly what was asked of my friend Bob (yes, his real name) in a private conversation — one of the closed-door Saturday Workshop bonus sessions.
Bob has, in fact, been crankin’ 6-figures-a-month as as a “full service wholesaler” in one of the nation’s worst real estate markets (Detroit) for a while now. And frankly, I think he’s got one of the most fascinating and successful business models I’ve ever seen.
He’s also got this uncanny ability to predict local and national trends that’ll be effecting the real estate investing game…and then adjusting himself strategically in advance to be able to take advantage of them.
For example, he’s just recently started capitalizing BIG on a niche’ “FHA Flipping” model. And he’s KILLING IT!
Hang a burlap robe on him, and I’d call him a prophet.
Anyways, let me tell you, Bob’s answer to the above question about starting all over again in a new market is PURE, POLISHED GOLD!
Some of what we talked about:
- Exactly how he’d quickly locate the “major players” in the area
- How he’d approach them - what he’d say,
- Shortcuts that’ll help you get a read on the local market fast - rents, values, good areas, bad areas, farm areas, etc. - and find your “sweet spot” to focus on.
- Why being the “real estate cupid” in your area is so important (and how to do it)
- Which comes first - wholesale deals or a wholesale buyers list?
- A whole bunch more.
I suggest you make time to listen to it (around 20-ish minutes) and take notes…
Any comments on this audio tip? Please share your thoughts in the blog comments below.
Enjoy,
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6 Comment(s)
By Scott Taylor (4 comments) on Oct 28, 2008 | Reply
I have all these audios from the original nada guru sessions. PRICELESS info. Thanks for making them available JP!
-Taylor
By JP Moses (54 comments) on Oct 29, 2008 | Reply
@Scott Taylor - Yes, they were pretty darn awesome. I’ve had many requests for them on a regular basis, and I’m glad to be able to put them out here again for a short time.
…jp
By Christine (4 comments) on Nov 1, 2008 | Reply
Excellent audio. Thanks a million.
By Adura (1 comments) on Nov 3, 2008 | Reply
Hey JP great audio. would you happen to have the dan doran door-knocking audio from way back when?? If so can i pleeease get that? lol
By JP Moses (54 comments) on Nov 4, 2008 | Reply
@Adura - Yes, it’s available again but only for a short time. Check out http://REItips.com/products/sw
By Cashflow Cindy (2 comments) on Jan 3, 2009 | Reply
Thanks for the awesome audio of Bob Norton on Wholesaling. How do I get the other audio’s?
Cashflow Cindy´s last blog post..Real Estate Investing - Goal Setting Critical for Success 2009