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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

How To Hit Your Targeted Numbers

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Rental Property, Real Estate, Business, Wholesaling Real Estate, Investing, Real Estate Investing

2.5884 Ratings

🗓️ 7 March 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

How well are you focused on and tracking your goals?--We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/ytIf you want to level up, text me at 725-444-5244! Feeling lost as an entrepreneur or real estate investor? Get access to our community, coaching, courses, and events at Wealthy University https://wealthyuniversity.com/Follow Brian on Instagram - https://www.instagram.com/thebriandavila/Follow Wealthy Investor on Social Media: https:...

Transcript

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0:00.0

I've been doing this for years just kind of naturally without knowing all these things because even when I like last year 2023 I was

0:10.3

completely focused on a

0:13.2

wealthy investor and that's it.

0:15.2

But previous years I always wanted to get one contract a week.

0:19.4

And then there was times where it was two contracts a week.

0:22.0

And then this year my goal was to make a million bucks, flipping a whole selling.

0:27.0

And I told my team, like, we got to get one contract a week.

0:30.0

So it's interesting how it kind of like...

0:33.0

But we would, we would, so we want to look at those statistics in light of each other.

0:36.6

So if we got that contract every week, but our average profit per deal went down to $15,000,

0:40.9

we're gonna have to be more problem. Yeah. Right, so we'd have to look at those two together. Now let's take it to you know 2.0. Yeah. Which is I need to blend wholesaling and fixing flipping because of the cash conversion cycle. Yeah.

0:52.8

As to the one obviously takes a lot longer than the other.

0:54.3

Yeah.

0:55.3

When do I need the money?

0:55.7

And then what blend gets me to $25,000 average?

0:59.2

So that's 15 here, then it's 35 over there,

1:01.7

and that gets me to my 25 I'm good I still need that

1:05.0

contract every week and another performance indicator would be projects over

1:09.5

timeline projects over budget on my construction site yeah because if I got a bunch of projects over budget on my construction site.

1:13.0

Yeah.

1:14.0

Because if I got a bunch of projects over budget,

1:16.0

then all that stuff doesn't work together.

...

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