All Forum Posts by: Account Closed

This is a great suggestion, and I may go that route, but first I need to get leads, which is where the cold calling comes in. 

I was actually required to get my real estate license by the client I’m working for, so I have it. I suppose all the more reason to fix up and list my own properties. 

I appreciate all the posts and responses. I have a high equity, absentee owner list and to keep expenses low I will begin cold calling for a 1-3 hours a day. I've negotiated most of my career so I hope the skills are transferable. 

Thanks for the reply Robert. The “guru” type stuff is what I was referring to. A bunch of guys selling courses but none of them actually do any deals. 
I think the best course of action for now is curate the list I have and jump in and see if this thing is for real. I know it will take time so I think I’ll give it 6 months for proof of concept. My dad used to say “imperfect action is far better than standing still”. I’ll update when I snag my first deal.

If anyone else has any nuggets of wisdom I would greatly appreciate the advice!

I’m new to BP so hello everyone! 

I recently switched jobs and my pay got cut by about 30% (around 40k). A friend of mine sent me a podcast where the topic was wholesaling. The guest basically cold called owners off different lists. 90-95% hung up on him and he had a conversation with 5-10%. The guest said he made $50k his first year, $125k his second and projected to make $200k this year. 

Is this for real? I realize there are sellers who have issues, but the whole process seems too simplistic. Get a contract and then just assign the contract to another buyer for $5-10k more? I don’t know, maybe I’m just a skeptical person. And I realize there’s more to it, I’m just making a point. 

I work in the oil & gas industry and negotiate with property owners everyday, so this opportunity seems right up my alley, I just don’t want to waste my time. I will spend a lot more time on this site, but was interested in a few opinions on the subject. Thanks very much!