A former student came to me with a question the other day—and it’s a big one. He had a killer deal on the line, but the seller was asking for a $100k earnest money deposit, and he wanted to know, “Where can I get that kind of cash?” And you know what I told him?... Read More
Some of the best leads are from sellers who’ve recently searched online for information on how to sell their house. You can get leads like this using both PPL and PPC. But each method has its own advantages and disadvantages, so one could make a lot more sense than the other depending on your particular... Read More
Whenever you’re talking to sellers, you should be listening for a problem. You want to avoid making assumptions about how big the problem is or how much of a discount they’ll take based on the problem because that kind of thinking will cost you money. You just want to know there’s a problem to be... Read More
Doing the right things at the wrong time usually results in little or no rewards. If you notice your market is cooling, like one of my clients did recently, then you may need to change strategy to maintain your profits and deal flow. In today’s NLREI podcast episode, you’ll learn what you need to do... Read More
One of my joint venture partners recently asked me how he could start earning over seven figures in his wholesaling business. I immediately knew what the answer was because it was the same thing I needed to reach seven figures and it’s the same you’ll need, too. But the problem is, it’s one of those... Read More
One of my clients recently came to me looking for a way to quickly boost his wholesaling income. Whenever a wholesaler says this to me, one particular thing comes to mind. Checkout today’s NLREI podcast episode to find out my #1 strategy for unlocking explosive profits in your wholesaling business!
You might be thinking you need at least 4 or 5 people to earn over a million dollars a year in your wholesaling business, but you don’t. You only need two. Checkout today’s NLREI podcast episode to find out the only two hires you need to reach seven figures!
If you’ve ever been in need to find someone quickly who can get belly-to-belly with a seller if you’re unable, then today’s NLREI podcast episode is for you! Here’s a super simple hack to find skilled acquisitions reps in any market on the cheap!
Finding, hiring and training new team members is a chore. I know. I’ve done it many times. But it’s also short-term pain. Meaning, you’re far better off going through it now rather than dealing with the prolonged pain that comes from having the wrong people on your team. In today’s NLREI podcast episode, you’ll discover... Read More
Expanding into new markets isn’t necessarily the easiest or quickest way to make more money in your wholesaling business. More often than not, you just end up stretching yourself too thin. I’ve got a much better strategy. Checkout today’s NLREI podcast episode to find out what to focus on instead of nationwide wholesaling!
Are you frustrated with the amount of money you’re making right now? If so, what you’re earning today is a reflection of what you did 90 days ago more so than what you’re doing right now. So in order to control your income, you must keep track of your numbers. Without them, you’re literally flying... Read More
I recently got a call from one of my JV partners. They had just received a new lead that sounded motivated but they were thinking of raising their offer price because of something the seller said. When I found out the reason why they wanted to offer the seller more, I just about lost it.... Read More
The right team members save you time, make your more money and give you peace of mind. So how do you know if you have an “A” player or not? Simple. Give them a project. Once you know what to look for, it’s easy to tell the difference between an “A” player and someone who’s... Read More
A recent experience with a team member reminded me of a powerful lesson. An assistant of mine was waiting for me to provide her with some documents for weeks, but I had been too busy to get to it. This created feelings of stress and anxiety for both of us until I realized I was... Read More
Every acquisitions rep I’ve ever hired has fit into one of four categories. Reps from two of these categories have steadily grown my business, while reps from the other two have tended to drag it down. If you want to build a rockstar team that makes you the most money with the least amount of... Read More
So far, as many as 11 states have passed new legislation that severely restricts or bans wholesaling… …and more states are likely to follow. A lot of wholesalers will simply drop out of market when they hear this news (and that’s good because it will drive down the cost of doing business). But the smart... Read More
Sellers often reach the point where they want to do business but hesitate to move forward because of some unresolved or unspoken objection. There is where power questions come into play. The right questions can not only uncover the seller’s real objections, but they can also reveal the answers needed to overcome them. In today’s... Read More
My business has come a long way from when I first got started. Early on, I hustled every day to make as much as I could and hoped there’d be enough to take care of my family, pay my taxes and handle whatever emergencies that came up. I had a no visibility in my business... Read More
You can easily save thousands of dollars on your tax bill when you know the right strategies. In short, your goal should be to make the IRS love you, but hate your accountant! In today’s NLREI podcast episode, you’ll learn how to reduce taxes on your wholesaling income both ethically and legally!
One of my mentors, Dan Sullivan, says your number one job as an entrepreneur is to protect your confidence… …and I couldn’t agree with him more. Think about it, as entrepreneurs we make money by turning the invisible into reality, something that’s virtually impossible without an abundance confidence. This is why protecting your state of... Read More
One of the most profitable and least resistant wholesale deals you can do is one where the seller knows, likes and trusts you before the two of you even meet. This is exactly what we experienced on one of our most recent seller appointments. Checkout today’s NLREI podcast episode to find out how we leveraged... Read More
Has one of your cash buyers ever bailed on you at the last minute? One of ours just did. We assigned them a deal for $50K, but they changed their mind just two days before closing. Fortunately, we used another strategy to close this deal that will allow us to make even more money! Checkout... Read More
Jonathan reached out with a question. He just received a check for $22k and wants to know what he should do with it. Checkout today’s NLREI “ask me anything” podcast episode to find out how to re-invest into your business in way that creates predictable cash flow.
One my joint venture partners recently asked me how we could grow our business together. He then suggested we find some new marketing channel that no one else knows about, like I’m sure a lot of wholesalers want to do. But if you’re not religiously practicing the fundamentals in your business every single day, then... Read More
Joseph reached out with a question. He wants to know if you can generate enough seller leads using just one form of marketing. Checkout today’s NLREI “ask me anything” podcast episode to hear my response, which includes some of my best strategies for successfully marketing to motivated sellers in 2024!
I was speaking with a joint venture partner recently who was having trouble closing a mobile home park deal. Out of frustration, he asked what he could do to force the seller to accept his offer. He quickly pointed out that he didn’t mean the word “force” but I understood what he was saying. He... Read More
Amanda reached out with a question. She wants to know if you need real estate experience to be a successful wholesaler. Checkout today’s NLREI ask me anything podcast episode to hear my response (my answer may surprise you)!
If I asked you whether wholesalers should make more than their cash buyers, what would you say? Or if I asked how much money you can make on a single wholesale deal, what would your answer be? While it may seem of little consequence, your thoughts and opinions (beliefs) in these areas are actually what’s... Read More
Omar reached out with a question. He said he recently met with a seller who ghosted him after he made an offer that was $30K below their asking price. He later found out they signed with another wholesaler and he wants to know if there’s anything he could have done differently. Checkout today’s NLREI ask... Read More
Think about how a motivated seller behaves… …they usually want to move fast and they have very few rules or expectations about how the process should go. They just want their money as quickly as possible. Ironically, many wholesalers act the same way when they sell their properties to cash buyers and it’s costing them... Read More
