How to Start Wholesaling 6 Figure Deals! | Summary and Q&A

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January 27, 2022
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Flip With Rick
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How to Start Wholesaling 6 Figure Deals!

TL;DR

Learn how to achieve six-figure margins in wholesaling real estate by implementing high-level marketing, elite acquisitions, and whole-tailing strategies.

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Questions & Answers

Q: What is the first step to take in achieving six-figure margins in wholesaling real estate?

The first step is to develop a high-level marketing strategy that focuses on targeting motivated sellers. This can involve various marketing channels, such as direct mail, cold calling, SMS texting, or door knocking.

Q: How important is it to create a mindset shift when aiming for six-figure deals?

Creating a mindset shift is crucial as many people have limiting beliefs about the maximum profit they can make. By shifting your mindset and believing that six-figure deals are possible, you open up more opportunities and work towards achieving higher margins.

Q: What is elite acquisitions in wholesaling real estate?

Elite acquisitions refers to honing your skills as an acquisitions specialist by practicing and perfecting your craft. This involves being a good listener, building rapport with sellers, understanding their problems, and offering transparent solutions. Elite acquisitions can greatly impact your ability to negotiate and secure high-profit deals.

Q: Can you achieve six-figure margins in wholesaling real estate in any market?

Yes, it is possible to achieve six-figure margins in wholesaling real estate in any market. While some markets may offer more opportunities due to lower property prices, it ultimately depends on finding motivated sellers and applying the right strategies, such as high-level marketing and elite acquisitions.

Summary & Key Takeaways

  • The video discusses the process of wholesaling real estate and specifically focuses on how to achieve six-figure margins in deals.

  • The hosts emphasize the importance of mindset, as many people have limiting beliefs about the maximum profit they can make in a deal.

  • They share their own experiences with their first six-figure deals, highlighting the mindset shift and lessons learned.

  • The key elements to achieve six-figure deals in wholesaling real estate include high-level marketing, elite acquisitions, and whole-tailing.

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