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Updated over 5 years ago on . Most recent reply

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3
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Tim Woolley
1
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3
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How does this plan look?

Tim Woolley
Posted

Hello All,

I am finally taking the plunge and making a commitment to begin my investing career. I have read many of the BP books and think I have a good strategy developed. Please let me know if this makes sense, and if you would recommend any changes. This is just high level. I will break down the details of individual steps at another time.

I must start out by letting you know I am a truck driver who lives on the road, so I have no "home" market. My plan is to combine the Long Distance investing strategy with other strategies.

Thanks in advance for your time.

Here is my plan.

I want to start with virtual wholesaling because it will set up my deal finding machine and educate me on markets

Then I will build cash from wholesale to BRRRR. My goal is to build a portfolio of rentals that will eventually build residual income for retirement. I will supplement by wholesaling and possibly flipping with partners once established in a market and cherry pick the deals for my BRRRR portfolio.

To begin virtual wholesaling

  • Find a virtual mentor
  • Hire Virtual Assistant
  • Build buyers list
  • Pull prospect lists to text
  • Find photo/video provider
  • Text and Funnel leads for qualification
  • Contact qualified leads to better understand their needs
  • Run the numbers
  • Hire photos/vids
  • Negotiate terms
  • Distribute details to buyers list and sell to buyer

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