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Wealthy Way

How to Start a Flipping and Wholesaling Business in 2024

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 20 January 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Are you investing in real estate this year?
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Transcript

Click on a timestamp to play from that location

0:00.0

And I should also add to this too that if you're a disgruntled high-earning W-2 person,

0:04.1

then I've met a lot of those people too who had very good W-2 jobs making 200,000 plus a year,

0:10.5

and they quit so they could go do this and flip and wholesale because they knew they could

0:14.9

replace their income so easily and be in control of their time, their business, how much

0:20.4

they wanted to scale, everything else.

0:22.1

Let's talk about this.

0:24.0

How do you start a flipping and a wholesaling business and you know how does that scale long term into owning

0:31.4

rental properties and everything else.

0:33.2

Well, let me tell you, okay?

0:36.5

A great wholesaling and flipping business is just really good to finding deals, right?

0:40.9

That is the first part of all of this. Okay, so how do you find good deals?

0:47.0

Well, stage one is just getting good at sales and marketing. That's it. Sales. good deals.

0:55.0

and marketing are how you find good deals.

0:59.0

Marketing is getting in front of those sellers, then sales is learning how to negotiate good deals and

1:04.7

structure deals, right?

1:06.3

So that's the big key.

1:08.7

Once you get good to finding deals, yeah, you can flip them, you can wholesale them, or you can choose to keep them as

1:14.1

rentals down the road once you start making all this money it's like hey you know

1:17.8

what I'm gonna start keeping one out of three deals one out of five

1:21.8

deals whatever it is for you.

1:23.1

Or I'm a cherry pick and just keep all the deals

1:25.8

in this particular area, because I love the zip code

...

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