Normal comp is 100-150 bps on volume for these roles if commission only and completely self-generated leads.

I jumped into real estate doing the BRRRR method, understanding that holding property will allow me to build generational wealth, but then learning that landlord income is not the best way to feed your family.

I had no money to put down on any properties, so I learned (a lot) and put in a lot of hard work and effort to get some properties under contract.Initially, I had no clue what I was doing, but I had the help of some people (and I appreciated that)I made mistakes that cost me around $30k (lost a deal due to my ignorance regarding title and escrow)The good news with wholesaling is that it doesn't take a lot of capital upfront, and you can start talking to sellers and learn about the industry in general.The other good news is that you can without a doubt generate revenue quickly if you do things correctly (having a good TC / title / escrow connection that keeps deals moving on the backend)That said, there are a few points that I've come to live by:1.

My friend spent $81,000 on marketing and told me he could not trace one sale to a lead generated by the program and that the program generated almost no leads anyway.  

Open houses are typically used to generate leads, not sell houses.

There is life stages to investing, and the math is clear that strategic debt use, strategic leverage, pyramiding, appreciation, is the wealth generator. 

Making effort a top priority, I was able to put up some satisfying numbers.On the phone [from 11 July 2024]:📞 11,005 Calls🏘️ 2317 Addresses Reached📌 50* Leads Generated🔎 7* Properties to due diligence phase📆 2 Scheduled Closes💰 1 Closed*Denotes: Database did not track metric from Day 1.The last 6 months have given the groundwork to build on.  

And the answer is that it’s a matter of the decreased risk associated with lower leverage vs. the expected greater return that the funds that would payoff the mortgage principal can generate when used for a different investment.

Could someone explain that to me or if there’s anyway to deduct those expenses.Hey Troy,  When a property is not “in service,” it means it is not yet available for rent or generating income.

Those landlords that choose to artificially subsidize communities via suppressed lot rents do not generate sufficient reserves to set aside for inevitable capital improvements to the community’s infrastructure and aesthetics.