Manage episode 292880202 series 1883803
Lauren Dato is another great connection I’ve made recently. She wanted to start working in Real Estate in High School but wasn’t aware of courses or college programs to learn about it. The idea of going into Real Estate never left her mind and she finally jumped into it doing research and wanted to come on the show to ask me some questions. Her research is very thorough, and she asks some of the best questions I’ve had in a while.
In today's episode, I answer Lauren’s questions about getting started in wholesaling and what to consider in a location to get started. I explain the difference between Wholesaling and “Wholetailing” and why you would want to start Wholetailing. I also discuss the biggest issues starting out, and why it’s important to remember that practice makes perfect, especially when starting cold calling.
"For me, I'm somebody that I will bang my head against the brick wall until the brick wall breaks. Y'know are you that type of person? or if you don't see some success quickly do you have circumstances that make it harder to move forward?” –Don Costa
This week on Fliptalk:
- Why it’s better to start in your backyard when learning to flip houses
- Understanding the markets you want to base yourself in
- Why it may be easier to get started in Ohio, Tennessee, or Oklahoma
- What is the best way to network with agents and people out of state?
- What are key phrases that let agents know you want to work with them?
- What is “Wholetailing” and why is it useful when starting out?
- The biggest issues starting out in wholesaling
- Working on the Maximum Allowable Offer (MAO) and understanding how it differs depending on the market
- What is Skip Tracing?
- How the ratio between your pulled data and the calls that you make work
- Accepting that you will get better with experience
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