2.5 • 884 Ratings
🗓️ 7 March 2024
⏱️ 8 minutes
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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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