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Updated over 7 years ago on . Most recent reply

User Stats

57
Posts
5
Votes
Stefon Bostick
  • Wholesaler
  • Houston, TX
5
Votes |
57
Posts

Real Estate + Excitement + Upsaling = Discouraged

Stefon Bostick
  • Wholesaler
  • Houston, TX
Posted

Discouraged.  That's the place im in right now as im sure several bigger pockets members have been before. First off, i want to be a wholesaler here in Houston, Texas, its the best model i see fit for my current state. I've read every blog post, i've listened to awesome podcast that have motivated me, i've gone to every meetup i can get my hands on but i still end up at the same place.....discouraged.  As far as the meetups go i seem to be the luckiest newbie to ever enter real estate due to the fact that in every "meetup" i have attended i have been told that the guru presenter would teach me "how to be successful" for free but when i arrive im given a high level general education and told that for $500 - $2500 (varies from the meetups i've been to) i can get the best RE training on the face of the planet and after leaving i will make $1,000,000 every week for the rest of my life(yes im being sarcastic). Also as a bonus i get to meet the guru in person and i should feel honored to be in his/her presence(eye roll).

I am frustrated.  I do not mind paying for a good class but i want to make sure it is actually a good class that will propel me forward whether its here in Houston or even online, or even if i have to fly somewhere to get a good basic understanding of doing deals, dealing with homeowners, pitching to investors, and closing the deals.  There is a plethera of information out there but i need help narrowing all of it down. Does anybody have any recommendations as to how to get started based on what i've written?  Looking for some good honest advice here, even if its what i do not want to hear.  Thanks in advance.

Most Popular Reply

User Stats

426
Posts
226
Votes
Mateusz Prawdzik
  • Developer
  • Little Ferry, NJ
226
Votes |
426
Posts
Mateusz Prawdzik
  • Developer
  • Little Ferry, NJ
Replied

@Stefon Bostick Reading, going to meetups, going to classes, following a mentor, all those things are ABSOLUTELY useless if you don't apply them. First off, what are you doing already? You should be applying everything that you learn to real world. Are you Door Knocking? Driving for Dollars? Mailing? Marketing? Cold Calling? Wholesaling is the toughest game in the BOOK and trust me I know that by far. Being 19, if you go and try to pick someone's house up and give them an offer, at first they look at you funny, but once you open your mouth and you show that you know what you're talking about... it makes all the difference. I started 9 months ago, from absolute zero, I can't say that I didn't get alittle lucky being in the right place at the right time, but I must say I did it all alone and I'm 100% proud of it. I didn't read anything, listen to anyone, just did a simply trial and error and made it work. Now I went from wholesaling to flipping, working on my 8th flip already  this year. Managing it, raising capital for it, and making connections along the way. 

The moral of this is that, you simply just have to DO. Period. There is no lesson better than making mistakes YOURSELF and learning from them. Trust me when I tell you, losing money isn't fun at all, and losing time is 10 times worse. So every time you listen to someone else talk or go to classes and don't apply anything that they just told you or that you just read about, you're wasting time. Don't be discouraged, just go out there and do something that will help you learn more and put foot in front of the other every single day no matter what. And most importantly, don't make the same mistake twice or else there wont be a third time.

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