Buying/Flipping Domains and The Reality of Owning Multiple Businesses
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 2 October 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
Explore the real challenges and rewards of buying, flipping domains, and managing multiple businesses at once.
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | My hobby is buying domains. |
| 0:02.0 | Dude, I owned at the time Ryan, I owned 1,700 domains. |
| 0:05.3 | Now today I owned about 300. |
| 0:07.4 | Yeah. |
| 0:07.9 | But I owned a lot. |
| 0:08.8 | The biggest one I sold was Yawdow.com, one letter from Yahoo. |
| 0:11.6 | to Yahoo, subsidiary for 10 grand. |
| 0:14.0 | Yaddo dot com one letter from yahoo |
| 0:17.0 | com |
| 0:18.0 | one letter from yahoo |
| 0:20.0 | yeah one letter off from yahoo |
| 0:21.0 | so is y a d oh yep yahdo yahdoo off from Y-O-O-O-O-O-Y-D-O-Y-D-O-Y-D-O-O-Y-D-O-Y-D-O-T-E-O-E-O-T-E-O-T-E-O-E-O-T-E-O-T-E-O-T-E-O-T-O. You know? You just bought that Yeah, miss type. So the 10 grand was the most you made. The most I made on a domain. |
| 0:34.8 | So I bought it for like $17 or $15. Yeah, yeah. I've never flipped any of my domains, but I just like buying them. |
| 0:42.2 | I'm more of a collector of domains. I collect a bunch now but I've sold quite a few. |
| 0:47.0 | What's the best way to sell them? Just put them up for sale and go daddy or what? There's domain brokers. |
| 0:53.2 | Yeah. Yeah. |
| 0:54.2 | There's C-Doo.com then. There's Netjet, I think what it was, not Net, net something. |
| 1:03.0 | What's the most you ever paid for a domain? |
| 1:05.0 | I never paid, probably more than like a hundred bucks. |
| 1:09.0 | Okay, I've been on the receiving end of these guys flipping. |
| 1:12.0 | I bought, I bought a wealthyway.com for |
| 1:16.8 | eight grand I bought wealthy university.com for 10-ish. |
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