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Updated over 5 years ago,
How does this plan look?
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