Saturday Quick Tip -- How To Guarantee You Fail At Real Estate Investing
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 5 April 2025
⏱️ 10 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline Podcast (Special Saturday Edition), we help you start your weekend right offering tips, news and mindset advice.
Show notes -- in these episodes we cover:
- Tips to level up your wholesaling business.
- Motivation to keep you going on your real estate journey.
- The latest industry news to keep you updated.
Please give us a rating and let us know how we are doing!
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☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️
Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey, it's Terry Norton. |
| 0:04.2 | Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout. |
| 0:08.0 | We want to know how we're doing, so please leave a comment and give us a rating. |
| 0:17.7 | Welcome to the scary, wonderful, rewarding, painful, exhilarating, that I mentioned, |
| 0:23.0 | scary world of real estate investing. Now, if you have what it takes, you are in for the ride |
| 0:28.2 | of your life. I'm Jerry Nourin, the nation's leading expert on making money in real estate. |
| 0:32.7 | I got started 20 years ago. I went from digging ditches for minimum wage to becoming a self-made |
| 0:38.1 | millionaire by the age of 30. Now, if you work hard and with a little bit of luck, you may be able |
| 0:43.8 | to do the same. However, if you make specific vital mistakes repeatedly, you for sure won't be |
| 0:50.6 | successful. I want to share with you 10 ways to guarantee you fail at real estate. |
| 0:56.0 | Now, the first way to guarantee you fail is to not have a crystal clear goal. In real estate, |
| 1:01.0 | we tend to measure our progress in 12-month increments, usually following the calendar year. |
| 1:06.4 | We tend to say, in my first year of real estate, I did 200,000 in revenue, or in year two, I did 10 |
| 1:12.4 | fix and flips. |
| 1:14.1 | Having clear 12-month goals gives you focus and direction when making decisions. |
| 1:19.6 | Remember to set smart goals, specific, measurable, attainable, realistic, and they must have |
| 1:26.6 | a timeframe. Have you clearly defined your big goal this year? |
| 1:31.4 | Now, the second way to guarantee you fail is making your goal transaction-based. This is a big mistake |
| 1:36.7 | I see a lot of investors make. They focus on the number of deals. I was recently talking to one of my |
| 1:42.1 | students and in his market, he said to me, so far in the first 10 weeks of the year, we've done 14 wholesale deals. I was recently talking to one of my students and in his market, he said to me, |
| 1:50.3 | so far in the first 10 weeks of the year, we've done 14 wholesale deals, which is awesome. Then he asked me, how many deals do you think I could do this year? Now, I love that he's striving for a lofty |
| 1:56.6 | goal, but the number of deals is not a good benchmark. You can do a lot of deals and lose money or |
... |
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