241: From Line Cook to Long-Term Investor with 32 Wholesale Deals w/Sahleem Lee

Real Estate Rookie

BiggerPockets

How To, Entrepreneurship, Business, Education, Investing

4.7 • 1.8K Ratings

🗓️ 7 December 2022

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hard work comes with everything, and real estate is no exception. To achieve success, you must be willing to work hard and continue to work hard even when things get rough. That means viewing mistakes as lessons and being resilient enough to power through whatever life throws at you. Today’s guest, Sahleem Lee, started his real estate journey and almost gave it up, but after a three-year hiatus, he has come back even stronger. Now he has thirty-two wholesale deals under his belt. Sahleem's real estate journey started with flipping cars and fast food. Sahleem worked as a line cook, but he always planned on moving up. His eye was on the general manager position until he got into car auctions. He began flipping cars, and his coworker saw his real estate potential. After a lot of convincing, they became business partners and split a deal fifty-fifty. Unfortunately, the deal went south, and after such a terrible experience, Sahleem decided to step away from real estate. He got bit by the real estate bug again three years later after stumbling on a YouTube channel about wholesaling and reading Rich Dad Poor Dad. From there, he decided to use real estate to pursue freedom and started to become a student all over again. Now, along with his wholesale deals, he has three long-term rentals and two and a half acres, where he plans to build twenty-two units with his business partner and mutual mentor. In This Episode We Cover The importance of mindset and how to use it to overcome the roadblock of fear and analysis paralysis Mutual mentorship and how to add and extract value at the same time Learning how to rehab with no experience and how to self-educate Wholesaling and how to prepare for your first real estate wholesale deal Skip tracing and why it can be a helpful tool when trying to close on an off-market property Sahleem’s marketing tactics and how to use them to improve your lead generation And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent Real Estate Rookie Facebook Group Real Estate Rookie Youtube Channel BiggerPockets On The Market OfferUp Craigslist Google Voice Connect with Sahleem: Sahleem’s Instagram Sahleem’s Facebook Sahleem's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/rookie-241 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie episode 241.
0:05.3	Our dreams were the confidence.
0:07.7	We had a dream, we had no road blockages in front of us.
0:11.3	Nothing could stop us from completing this property.
0:15.9	There was something in our minds that said,
0:17.6	hey, every obstacle that we faced, we're going to jump over it.
0:19.9	We did not care at all.
0:22.6	And I believe that I still carry that to this day.
0:25.8	I do carry that to this day, actually.
0:27.7	I don't, there's nothing in my way that's going to stop me from being myself.
0:32.5	My name is Ashley Care, and I'm here with my co-host, Tony Robinson.
0:37.0	And welcome to the Real Estate Rookie podcast,
0:39.3	where every week, twice a week, we give you the inspiration, information, and stories.
0:42.9	You need to hear to kickstart your investing journey.
0:44.9	We're here for those people that are new,
0:46.8	are looking to get started in an expanding scale.
0:48.8	So before we jump into today's amazing episode,
0:51.4	I want to give a quick shout out to a person in the Rookie audience.
0:54.3	I'd love to serve you an Apple podcast.
0:56.7	Their username is just a collection of letters and numbers.
1:00.0	I mean, I'm going to try and pronounce what that is.
1:02.5	But it says, bigger pockets is a great resource.
	...

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