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

Is it time for You to Look Beyond Wholesaling?

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

🗓️ 6 May 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

To truly thrive and maximize profits in real estate, one must eventually transition beyond wholesaling. ---If you would like to work with Brian on flips, wholesales, or coaching, check out this page - https://www.briandavila.co/home-7863Follow Brian on Instagram - https://www.instagram.com/thebriandavila/Follow Wealthy Investor on Social Media: https://www.instagram.com/_wealthyinvestor https://www.tiktok.com/@_wealthyinvestor---

Transcript

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0:00.0

Wholesale is the gateway drug.

0:02.8

Yeah. Wholesaling and fixing and flipping is the gateway drug.

0:05.9

It's for the people that are like, I need to get in the game.

0:09.2

And that's the, that's where you should be for the first zero to four to five years and at some point you have to

0:15.0

graduate at a wholesale.

0:16.8

The only person I know that's actually become rich from wholesale is Jamil. There's people that have gotten made money. Yeah. But guess what you got to do another one next month. Yeah.

0:33.0

So I went to Alex and Leela Hermosi's workshop.

0:36.6

So he paid like three grand each.

0:38.2

It was great.

0:39.2

Hopefully they don't freaking make me take this down for talking about it. But the first day they talked about how to analyze a business.

0:48.1

I never knew how to really analyze a business,

0:50.8

so they broke it down.

0:51.6

Step by step, give you a little calculator

0:53.6

no pad all this stuff right so I analyze both my businesses my flipping and

0:59.9

wholesaling company and then well the investor and then I was like okay well it's not

1:05.0

worth much has a lot of different risks the price the biggest risk is that is

1:09.5

you yeah key man risk if you're gone yeah it's not a business yeah key man risk. If you're gone. Yeah, it's not a business. Yeah, key man risk that's one of the risks they talk about and then so I was like all right this sucks

1:19.4

And then they go over all these examples of like businesses that they bought kind of fixed up

1:25.2

did different things and then sold them for high multiples or got leverage on them right?

1:29.4

So the second day I'm like hey you know you know, I've met them a few times.

1:34.4

I was like, hey, like you talked about this.

1:36.7

You know my situation with education and real estate.

...

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