How Andrew Crocker is Made Over $66,870 in his First 10 Months Wholesaling Real Estate | Summary and Q&A

TL;DR

Andrew shares how he made over $66,872 in his first 10 months wholesaling real estate, starting as a teenager.

Key Insights

• 💦 Wholesaling real estate requires hard work and persistence, but can be a profitable venture if approached strategically.
• 🖐️ Building rapport and establishing trust with sellers play a crucial role in successfully negotiating deals.
• 🥶 Utilizing various marketing strategies, such as direct mail and cold calling, can help find potential leads and buyers.

Transcript

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Questions & Answers

Q: Did Andrew face any obstacles due to his age during negotiations with sellers?

Andrew mentioned that only one seller asked about his age, but he built trust by explaining his passion for real estate and his family's background in flipping houses, which helped overcome any concerns.

Q: How did Andrew build rapport with sellers, especially older individuals?

Andrew focused on finding common interests and having casual conversations with sellers, such as talking about cars, hobbies, or even involving his family members. This personal touch helped create a connection and establish trust.

Q: What marketing strategies did Andrew use to find deals?

Andrew utilized direct mail, including postcards and targeted lists focusing on distressed properties. He also cold called leads, primarily using a government list, and identified potential buyers through Zillow for rent listings.

Q: How did Andrew stay motivated during the ups and downs of his journey?

Andrew advised staying committed and not letting setbacks discourage you. He acknowledged that maintaining consistency and pushing through challenges were key to achieving success in wholesaling real estate.

Summary & Key Takeaways

• Andrew discovered wholesaling real estate through a YouTube video and found it to be a simple but hard-working opportunity compared to other side hustles he had tried before.

• His first successful deal came from sending postcards to leads and negotiating over text, making a profit of $17,000.

• He faced challenges with finding buyers for some deals, but eventually found success by utilizing Zillow for rent listings and building relationships with potential cash buyers.

• Andrew experienced ups and downs in his journey, including a period of laziness, but managed to close multiple deals and make over $20,000 in a month.