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Wealthy Way

The Reality of Wholesaling

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 13 May 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

While wholesaling can offer quick return and opportunities for profit, it often relies on hustle rather than building a sustainable business model.

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Transcript

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0:00.0

So you're going to this wholesale business. Obviously now you're equipped with business savvy.

0:05.0

You know, you're probably one of the only wholesalers to run a billion dollar business.

0:09.0

Right. Usually don't go from like a billion dollar business to wholesaling.

0:12.0

Right. It's kind of an interesting path.

0:14.0

But, you know, you came in at, you know, this time where there was really not a lot of competition.

0:21.0

Nobody knew about wholesaling and you just like established your

0:25.1

mark quick and then never really let it go.

0:30.5

So how has it been just throughout these different you know times I mean you hit the ground running the market crashes doesn't affect you you go to Memphis now is like most of the deal still in Memphis, still the same?

0:44.3

We're in 11 cities now.

0:45.7

So I think what, you know, one of the things you said that I think is really important is that we treat it like a business.

0:54.6

Yeah. And you know, even today most wholesalers, this is a hustle.

1:00.3

Yeah, it is not a business, right? And I think that's a big mind shift. I think that's probably why we, you know, as a family, as a unit, evolved the way we did is that that business acumen and like looking at it like okay here's one you

1:16.9

know here's one way we can dispel properties through wholesaling you know we can use term

1:20.9

keys we can do the like really looking at things through a business

1:25.5

lens yeah versus just you know let's bang it out and go make 10 20 30 45 you know

1:31.7

what's next, next.

1:32.6

We just don't look at it that way.

1:34.4

Everything is measured, the metrics are measured.

1:37.3

And so that has allowed us to evolve and become really good at what we do

1:42.0

and grow into other cities and it's been yeah

1:46.1

it hasn't been always cupcakes and rainbows and sunshine but I can tell you

1:49.4

you know yeah it's it has allowed us to be we're, we're playing the long game.

...

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