Here’s How to Earn an Extra $40-$50K a Month without Increasing Your Marketing Budget
No Limits Real Estate Investing Podcast
Release Date: 03/21/2024
Slow the Hell Down: A Lesson in Maximizing Profit per Deal
No Limits Real Estate Investing Podcast
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 hundreds of thousands of dollars in lost profits. In today’s NLREI podcast episode, you’ll learn what you should do to slow the hell down, so you can maximize your profit per deal!
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This is What’s Making Your Wholesaling Business Feel Like Such a Grind
No Limits Real Estate Investing Podcast
I was recently talking to a very successful wholesaler who started a new business because he wanted to escape the “grind” of wholesaling. For starters, I knew exactly what he meant by the word “grind” because I’ve felt that way before about my own business. But I did issue him a word of caution because a wholesaling business is like a cash machine and there are ways to lessen the effects of the day-to-day without killing the golden goose. Checkout today’s NLREI podcast episode to find out what’s making your wholesaling business feel like a grind and how to fix it!
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How the Recent Settlement with the National Association of Realtors Benefits Wholesalers
No Limits Real Estate Investing Podcast
I’m sure many wholesalers didn’t pay much attention to the big settlement with the NAR earlier this year, but not me. Over 90% of properties sold are listed with a realtor and I think this change creates a unique opportunity for wholesalers to tap into this vast reservoir of deals like never before. Checkout today’s NLREI podcast episode to find out how the recent settlement with the national association of realtors benefits wholesalers!
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Never Say These Things if You Want Sellers to Trust You
No Limits Real Estate Investing Podcast
Wholesalers can often say the wrong things because they think it’s what sellers want to hear. But in reality, motivated sellers don’t actually care about certain details as much as many wholesalers think. So instead of increasing their chances of getting the deal, they really just end up creating opportunities to lose the seller’s trust. And once it’s gone, there’s no getting it back. Checkout today’s NLREI podcast episode to find out what you should never say to avoid losing the seller’s trust!
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The Wholesaler's Guide to Time Management
No Limits Real Estate Investing Podcast
There’s a direct correlation between the way you manage your time and the amount of money you have left in your bank account at the end of each month. Specifically, this has a lot to do with something I call “money days,” which is all about maximizing the opportunities right in front of you before doing anything else. Otherwise, you get caught up meeting the demands of the moment at the cost of revenue. Checkout today’s NLREI podcast episode to find out my wholesaler's guide to time management!
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How to Screen for an Investor Friendly Closing Company
No Limits Real Estate Investing Podcast
My title/escrow company is an important member of my team. And just like any other team member, I always do an interview before bringing them on board. Specifically, I ask them 9 questions that determine if they will be asset that helps us close deals more quickly and easily or if they'll be a hindrance. In today’s NLREI podcast episode, you’ll learn how to screen for an investor friendly closing company!
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Four Important Lessons I’ve Learned about Hiring Family Members in My Business
No Limits Real Estate Investing Podcast
Hiring family members can be complicated. On one hand, you don’t want your relationship to be negatively impacted by work. But at the same time, you also don’t want to make any decisions that could compromise your business. I’ve hired a few different family members in my business over the years, which has helped me come up with some ground rules aimed at striking just the right balance between the two. Checkout today’s NLREI podcast episode to find out four important lessons I’ve learned about hiring family members in my business!
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Here’s How NOT to Run Your Marketing Campaigns
No Limits Real Estate Investing Podcast
Bad marketing can ruin a wholesaling business. You end up with too few leads that cost too much money and sellers can easily pick up on that kind of desperation. In today’s NLREI podcast episode, you’ll learn about the 5 most common marketing mistakes I see wholesalers make, so you'll know how NOT to run your marketing campaigns!
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5 Types of Owner Financed Deals that Will Explode Your Net Worth
No Limits Real Estate Investing Podcast
Some sellers are motivated to accept a lower price. Others are motivated to accept favorable terms. Either way, there’s an opportunity to put cash in your pocket today and/or add one more asset into, what’s hopefully, your growing real estate portfolio. In today’s NLREI podcast episode, you’ll learn about 5 types of owner financed deals that will explode your net worth!
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Here Are the Kinds of Partnerships I Recommend and the Ones I Don’t
No Limits Real Estate Investing Podcast
I’ve seen wholesalers make some big mistakes when it comes to partnerships that have cost them their business, their friendships, their marriages and more. But I’ve also seen several successful partnerships where both parties were better off having worked together. So what’s the difference between a partnership that works and one that doesn’t? It all starts with making sure the partnership is formed for the right reason. Checkout today’s NLREI podcast episode to find out the kinds of partnerships I recommend and the ones I don’t!
info_outlineOne of my joint venture partners recently came to me because he was stuck at the $60-80K a month range. Like many other wholesalers trying to reach the next level, his first instinct was to generate more leads by spending more on marketing. But I noticed when we did, our R.O.I. started to go down. So I knew it was time to re-focus on the fundamentals, which quickly resulted in a $50K deal that didn’t cost us another dime in advertising. In today’s NLREI podcast episode, you’ll learn 3 things you can do right now to earn an extra $40-$50K a month without increasing your marketing budget!