All Forum Posts by: Wendell Fong

I don't understand your expenses. Page 1 lists monthly at $12,127

Page 2 you just use 50% rule and $6500/m.  Can you break down your monthly expenses. More detail is better.

That looks like the magic contact sheets locked away in Glengarry Glen Ross.  Those contacts are for closers! 

It also looks like a prep sheet that Jordan Belfort (Wolf of Wall Street) would prepare if he was going for a sale... in for the kill.

I also use the "rip it to shreds" comment when I have an idea that I like but need others to point out what I am missing!  I like your sheet, I just would not call it avatar sheet though.  maybe Customer Contact Sheet.

Hi Mark,   

you have the right attitude.  Dream big.  I have had similar goals and also posted about it at another site.   My goals were slightly different.  I posted them for everyone to see to keep me accountable and to have other investors smash on my plan and show me where I was missing things.  It was a great tool for improving my plans.

 My first comments on seeing your long term goal is to break your goal down into smaller steps.   The 5 steps that you have listed are each actually large goals in themselves.  This means if you get good at step #1, you might just want to say at #1 and keep wholesaling and never get to #2.  Are you a successful realtor or do you just have a licence and never sold anything?  If you chose wholesaling because it likely has a lower cash startup and higher sweat equity that may be a good option.   

Your mason could have started a thread called, "Cheap owner won't pay agreed price for my quality work."  it is all perspective.   Value quality tradespeople and keep them in your list of contractors.  If you are in RE, you will go back to them over and over again.