Wholesaling Real Estate | My Advice for Newbie Success

TL;DR

21-year-old Zach shares how he went from a troubled teenager to building the largest wholesaling business on the Treasure Coast in Florida, earning seven figures.

Transcript

like they specifically said me this guy's putting so many bandits like signs out we got to stop them they hired four extra like full-time sign people all right guys welcome to another episode of diving real estate investing for newbies podcast i have a very special guest here today um young started out in the business has a lot of experience crushi... Read More

Key Insights

• 💦 Wholesaling requires a significant amount of work and dedication, often more than newcomers expect.
• 🤝 Building genuine connections with motivated sellers can make a difference in securing deals.
• 👍 SMS marketing has proven to be a highly effective marketing strategy for Zach's wholesaling business.
• 🥹 Zach focuses on buy and hold deals with creative terms, rather than traditional rentals with less favorable return on investment.

Questions & Answers

Q: How did Zach get started in wholesaling at such a young age?

At 17, Zach became interested in real estate wholesaling after seeing his dad's success. He educated himself by reading books and watching YouTube videos, then started placing bandit signs.

Q: How did Zach transition from doing wholesaling himself to outsourcing the work?

To grow his business, Zach had to develop his own expertise first. He spent hours cold calling and honing his skills before hiring acquisitions managers to go on appointments for him. Trust and gradual training were key in the transition.

Q: What marketing strategies does Zach use for wholesaling?

Zach employs a combination of direct mail, SMS marketing, and cold calling. He finds that SMS marketing has the best ROI, followed by cold calling and direct mail.

Q: Does Zach recommend newbies to start with wholesaling or pursue other real estate strategies?

Zach believes wholesaling is a hard work, but rewarding business. He advises dedicating time to gain the necessary skills and knowledge. Starting with zero money, he suggests cold calling for sale by owner leads on platforms like Zillow.

Summary & Key Takeaways

• Zach started wholesaling real estate at 17 and made his first $100,000 by the time he graduated high school.

• He initially started by placing bandit signs but eventually shifted to cold calling and SMS marketing.

• Zach now runs a highly successful wholesaling business, primarily focused on Port St. Lucie, Florida, and also does some virtual wholesaling.