Training

[Paolo Ruggieri]

All

I am very close to getting to do real estate full time... I have a rental portfolio that should provide me a decent living (30+ properties)... But would like to diversify in something else if I go full time. One of the wholesalers I purchased properties has an amazing system... If I go full time I thought I might copy it... I would like to know if you have experience with this system. This guy networks with newbies  that want to break in real estate ... Apperently there are a lot of them... He finds out what marketing budget they have, how much time they have, and what type of marketing they feel comfortable doing... Then he trains them on a specific method to find deals (driving for dollars, mailers etcetc) that marches they budget, time and personality. When they put a property under contract, he finds a cash buyer for it (or if it is an incredible deal he buys it himself). He makes a killing... Just with best deals they find that he keeps for him (5% of them)... Paying student few thousands...But he also makes a killing with everything he wholesales (95%).... Splitting a wholesale fee for work someone else did. 

 He does spend average 15 hours a week recruiting and training them... But has an army working for him... The volume he makes is incredible.

I do have several cash buyers that saw what I did and want to get in real estate... And think I could reach out to more people for more cash buyers... 

 I just need to get more deals... And I think his method seems an incredible scalable one... What do you think? Any experience recruiting newbies? 

Lastly... I noticed these newbies go on their own after they understand how it works... But obviously keep a great relationship with him , bringing him more business and referrals... 

Please share experiences

[Paolo Ruggieri]

no guru . the students do not pay fees. 

Students find deals, coach teaches them how to find them

Coach places the deal student put under contract with cash buyers

Coach and student split the wholesale fee

Student ends up doing most of the work ... But learns a ton and gets started in RE making some $$

Coach put little time per student, which allows him to have many students simultaneously which creates a huge deal flow