WIP 514: But When Will I Do My First Wholesaling Deal?

Wholesaling Inc with Brent Daniels

Find distressed properties for pennies on the dollar and turn them for huge profits!

News, Wholesaling, Education, Houses, Make Money, Business News, Real Estate Agent, Business, Real Estate, How To, Cash Buyers, Entrepreneurship, Wholesale Houses, Entrepreneur

4.9 • 1.4K Ratings

🗓️ 14 September 2020

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you’re new to wholesaling, you’re most likely wondering how long it will take until you get your first deal. In this episode, our very own Lauren Hardy will answer that for you!

For new wholesalers, closing that first deal is a pivotal moment. After all, it can move you from a place of faith to a place of fact. However, when you don’t have an idea how long you should wait, you might give up when you’re just a few days away from signing on the dotted line.

In this episode, Lauren shared anecdotes, insights, and wisdom that can help motivate, inspire, and sustain you while you’re working on getting your first deal. If you’re new and can use motivation to keep going, this episode is for you!

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Transcript

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0:00.0	You're listening to Wholeselling Inc. episode number 514.
0:04.4	97 days on average first contact to closing for my company,
0:11.0	been in business eight years. So if you are new, please do not quit after the first 30 days or the first 60 days, okay?
0:23.0	This is game-changing information, guaranteed to raise your real estate wholesaling business with
0:29.0	actionable steps you can take immediately to navigate the ins and outs of wholesaling and start making money today.
0:36.7	Join us as we put our guests in the hot seat and dive deep to dissect their strategies for success
0:42.0	to enable you to duplicate their results. their You are listening to the Wholesaling Inc. podcast. I am your host
0:56.3	Lauren Hardy and if this is the first time you have heard me on this podcast I'd like
1:01.5	to introduce myself I am one of the newest coaches with
1:05.3	Wholesailing Inc and I coach virtual investing. What is that you may ask? It is investing in an area that is not in your backyard. Either it's if you want a wholesale you can flip you can develop you can buy rentals. You can do everything virtually and I am here to talk all about it.
1:23.7	Today I actually wanted to talk about a topic that is very important I think to a lot of people
1:30.6	that are newer.
1:31.8	It's how long does it take to get your first deal and how long does it take to get any deal in fact? Well today we are going to deep dive because I was actually doing my KPI's and it's always fun to do my
1:46.5	KPI's. It's something I, it's funny because I actually hate doing it at first. Like I dread doing it when I'm about to do it. I'm like, I don't want to do this. This is boring. This is like bottleneck kind of work. I just were what I mean by that is like I'm the bottleneck I don't feel like doing it so it won't get done kind of thing but once I get going I get super into it I get super excited so today I was running some KPI's and I actually was looking at my contact to
2:18.8	deal closing the amount of days in between when I first make contact with a seller to when we close the deal,
2:28.8	the dates in between that.
2:30.3	Now how do I do that?
2:31.8	First of all, this is how I track it anytime I get a seller lead that
2:36.4	seller lead goes into my CRM immediately that date gets recorded in the CRM. So I have a record of that date. Then when I close the deal,
2:49.2	we have that date that it closes. So I have a record of that date. Every one of the deals that I
2:54.0	close in a year goes on an Excel spreadsheet and I always am intentional about
2:58.6	collecting some dates in there so I can see how many days are in between.
	...

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