Wholesaling Is A Hustle - Not A Business
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 10 August 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Do you think wholesaling is a hustle or a real business?
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | So you go into this wholesale business, obviously now you're equipped with business savvy |
| 0:04.6 | You know, you're probably one of the only wholesalers to run a billion dollar business, right? |
| 0:09.2 | Usually don't go from like a billion dollar business to wholesaling, right? It's kind of an interesting path |
| 0:14.4 | but |
| 0:15.4 | You know you came in at |
| 0:17.7 | You know this time where there was really not a lot of competition nobody knew about wholesaling and you just like |
| 0:24.4 | Established your mark quick and then never really let it go, right? |
| 0:30.0 | So how how has it been? |
| 0:32.3 | Just throughout these different |
| 0:35.1 | You know times. I mean you hit the ground running the market crashes doesn't affect you you go to Memphis |
| 0:41.0 | Now is like most of the deal still in Memphis still the same we're in 11 cities now, okay, so I |
| 0:48.8 | I think what's you know one of the things you said that I think is really important is that we treat it like a business |
| 0:54.4 | Yeah, and |
| 0:56.1 | You know even today most wholesalers. This is a hustle. Yeah, it is not a business, right? |
| 1:02.0 | I think that's a big mind shift. I think that's that's probably why we you know as a family as a unit evolved |
| 1:09.6 | The way we did is that that business acumen and like looking at it like okay. Here's one |
| 1:16.4 | You know here's one way we can dispose properties through wholesaling, you know |
| 1:20.1 | We can use term keys. We can do the like really looking at things |
| 1:24.5 | Through a business lens. Yeah versus just you know, let's bang it out and go make 10 20 30 45 |
| 1:31.5 | You know, what's next next? Yeah, you just don't look at it that way, right? Everything is measured the metrics are measured |
| 1:36.8 | And so that has allowed us to evolve and become really good at what we do and grow into other cities and it's been |
| 1:45.5 | Yeah, and as I'm always cupcakes and rainbows and sunshine brother, but I can tell you you know, yeah, it's |
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