Claim OwnershipNo Limits Real Estate Investing Podcast
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Limits Do NOT exist in this DOJO! Create an insanely profitable real estate wholesaling business through the power of direct marketing, systems, team building, and the ultimate selling machine. You'll also learn passive income strategies, so you can build long-term wealth! We don't play small ball!
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If I asked you whether wholesalers should make more than their cash buyers, what would you say? Or if I asked how much money you can make on a single wholesale deal, what would your answer be? While it may seem of little consequence, your thoughts and opinions (beliefs) in these areas are actually what’s... Read More
Omar reached out with a question. He said he recently met with a seller who ghosted him after he made an offer that was $30K below their asking price. He later found out they signed with another wholesaler and he wants to know if there’s anything he could have done differently. Checkout today’s NLREI ask... Read More
Think about how a motivated seller behaves… …they usually want to move fast and they have very few rules or expectations about how the process should go. They just want their money as quickly as possible. Ironically, many wholesalers act the same way when they sell their properties to cash buyers and it’s costing them... Read More
I was recently talking to a very successful wholesaler who started a new business because he wanted to escape the “grind” of wholesaling. For starters, I knew exactly what he meant by the word “grind” because I’ve felt that way before about my own business. But I did issue him a word of caution because... Read More
I’m sure many wholesalers didn’t pay much attention to the big settlement with the NAR earlier this year, but not me. Over 90% of properties sold are listed with a realtor and I think this change creates a unique opportunity for wholesalers to tap into this vast reservoir of deals like never before. Checkout today’s... Read More
Wholesalers can often say the wrong things because they think it’s what sellers want to hear. But in reality, motivated sellers don’t actually care about certain details as much as many wholesalers think. So instead of increasing their chances of getting the deal, they really just end up creating opportunities to lose the seller’s trust.... Read More
There’s a direct correlation between the way you manage your time and the amount of money you have left in your bank account at the end of each month. Specifically, this has a lot to do with something I call “money days,” which is all about maximizing the opportunities right in front of you before... Read More
My title/escrow company is an important member of my team. And just like any other team member, I always do an interview before bringing them on board. Specifically, I ask them 9 questions that determine if they will be asset that helps us close deals more quickly and easily or if they’ll be a hindrance.... Read More
Hiring family members can be complicated. On one hand, you don’t want your relationship to be negatively impacted by work. But at the same time, you also don’t want to make any decisions that could compromise your business. I’ve hired a few different family members in my business over the years, which has helped me... Read More
Bad marketing can ruin a wholesaling business. You end up with too few leads that cost too much money and sellers can easily pick up on that kind of desperation. In today’s NLREI podcast episode, you’ll learn about the 5 most common marketing mistakes I see wholesalers make, so you’ll know how NOT to run... Read More
Some sellers are motivated to accept a lower price. Others are motivated to accept favorable terms. Either way, there’s an opportunity to put cash in your pocket today and/or add one more asset into, what’s hopefully, your growing real estate portfolio. In today’s NLREI podcast episode, you’ll learn about 5 types of owner financed deals... Read More
I’ve seen wholesalers make some big mistakes when it comes to partnerships that have cost them their business, their friendships, their marriages and more. But I’ve also seen several successful partnerships where both parties were better off having worked together. So what’s the difference between a partnership that works and one that doesn’t? It all... Read More
Think about the last major change you experienced in your wholesaling business. It could be a personnel change, a change in business strategy or a change in market. Whatever it was, would you say things turned out better as a result? I hope your answer is yes because part of the fun in business is... Read More
Sometimes you NEVER really know how far a seller will come down in price until you walk away. We once bought a house in Victorville, CA that was worth about $90K. There were squatters living in the property and it was in very poor condition as a result. The seller originally told us they wouldn’t... Read More
A client of mine recently spent $7,500 on a mailing campaign, but didn’t do a single deal from it. Has something like this ever happened to you? When it happens in our company, I usually look on the sales side before making any conclusions about marketing. Meaning, I review all the leads and see how... Read More
Have you ever spoken to your buyers list about a property before you had it under contract? I get it… …you want to avoid wasting anyone’s time by gauging interest before locking it up. But this is actually a big mistake. Checkout today’s NLREI podcast episode to find out why you always lock it up... Read More
Has a buyer or seller ever tried to re-negotiate with you at the closing table? It’s happened to us several times. When I first got started, I was quick to concede in these situations, but today, I focus more on creating win-win scenarios. Checkout today’s NLREI podcast episode to find out how to become a... Read More
Are all of your wholesale deals stuck at right around $10K? Think about it… …out of all of the sellers, all the different situations, all the different property values, not to mention the different buyers… …how is it that you keep ending up at $10K? The answer comes down to the one thing that each... Read More
One of my joint venture partners recently came to me because he was stuck at the $60-80K a month range. Like many other wholesalers trying to reach the next level, his first instinct was to generate more leads by spending more on marketing. But I noticed when we did, our R.O.I. started to go down.... Read More
The money you make wholesaling is taxed by as much as 50% depending on where you live. But the money you make investing in real estate using an IRA is taxed differently, allowing it to compound much more rapidly over time. In other words, IRAs provide the unique opportunity to legally and ethically keep more... Read More
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