Wholesale flip with my last $3,000

[Ryan Wilkinson]

It's been several years and a bunch of deals since but here is my first wholesale success story....

I had been in the business for about 10 months. Had bought and renovated 2 houses and struggled my way through both deals (which is why it took 10 months). The second house I bought I purchased and rehabbed for $24,000 total and didn't have much left over to live on and had already quit my job so I had no additional income.

Literally with the last $3,000 I had to my name, I put an emd down on a property I had won the bid for at an auction for $6,500. The auction company gave me 30 days to close. I didn't have the money to close though, in fact I didn't have anything. So, while eating a peanut butter and jelly sandwich (again), I printed up a flyer (postcard size so I could get 4 copies out of each sheet of paper) and hand delivered them to every house in the neighborhood around the house I was trying to sell. Before I got off the block I had two people flag me down to take a look at the house right then. Within 30 minutes of returning home from the block I received a call from a man who lived on the block, got my card, looked at the house & agreed to pay me $11,500 cash for the house. I met him that night, signed a purchase agreement, took a $2,000 emd and two weeks later did a double closing and made my first 5k profit!

There aren't many feelings better than going "all-in" and immediately tripling your last dollar in a day. That was it, wholesaling worked & it continues to work! And that's what I've spent the last few years trying to perfect.

You gotta love this business!!!

[Edwin Brown]

The emotional swings in this business are extremely exhausting. You can wake up in the middle of the night in cold sweat and be on top of the world 24 hours later.