Updated over 11 years ago on . Most recent reply
inspiring stories
I would LOVE to hear all stories about the first deal you as an investor have closed. These stories are so inspirational to me!
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First wholesale took me about 3 months to do. My wife and I wrote 500 yellow letters by hand and I created a cheap website on Wix and started a Google Adwords campaign to drive traffic to it. I got a lead on a campus property that came through the website.
Made about 100 mistakes along the way. Here are a few: Advertised and took buyer there before I had it in contract, filled out the contract wrong, used a contract I found online, tried doing a double closing with no transactional funding, never got the rent or security credits from the sellers, mis-matched the buy and sell contracts so I got stuck in the middle paying $1300 for the title insurance. Sometime ignorance is the best way to get things done. I didn't know I couldn't do those things.
Ended up with a check from the title company for $8,700 and I couldn't have been happier! My wife went out to dinner that night and celebrated knowing this was the beginning of something great! About 10 months later I have closed 13 deals and 3 more in contract while still working a full-time job. I just started my first fix and flip with a partner and excited for what the future holds?