My First Wholesale Deal Breakdown | $25k Profit!

TL;DR

At just 17 years old, Zach shares the story of his first real estate wholesaling deal, highlighting the lessons he learned and inspiring others to take action in the industry.

Transcript

how i made over 25 000 on my first real estate wholesaling deal over five years ago what's up guys zach in here and in today's video i want to break down my first ever real estate wholesaling deal i know so many of you guys are just brand new starting out you're learning more about me and the channel and i've been asked all the time zach can you br... Read More

Key Insights

• 🤕 Real estate wholesaling offers opportunities for individuals of all ages and backgrounds to succeed, as it is an industry that does not discriminate against factors such as age or education level.
• 🤩 Taking action, being consistent, and having confidence in one's abilities are key factors in achieving success in real estate wholesaling.
• 🫒 The availability of online resources, such as YouTube videos and live stream interactions, make it easier for beginners to learn about wholesaling and seek guidance from experienced wholesalers.
• 🤝 Building customer service skills and effectively communicating with sellers can be valuable assets in negotiating deals.
• 🥺 Scaling up one's marketing efforts after a successful deal can lead to further success and more opportunities in wholesaling.
• 🔞 Legal options, such as involving a parent or setting up an LLC, can enable underage individuals to participate in wholesaling until they reach the age of majority.
• 🥶 Zach's mission is to provide free education and guidance to aspiring wholesalers, helping them change their financial futures and achieve success in the industry.

Questions & Answers

Q: How did Zach come up with the idea to start real estate wholesaling at just 17 years old?

Zach's father, who was a real estate wholesaler, inspired him to pursue the business. After seeing a few checks on his dad's desk, Zach expressed his interest and was told to find his own deal.

Q: What marketing method did Zach use to attract potential sellers?

Zach used banded signs, which he had printed with the message "We buy ugly houses." He strategically placed these signs around town and received several calls in response.

Q: How did Zach handle negotiating the deal without much knowledge about the property?

Zach approached the negotiation cautiously and used his customer service skills to build rapport with the seller. Despite not knowing much about the property's condition, he successfully negotiated a price that allowed for a significant assignment fee.

Q: How did Zach scale his wholesaling business after his first successful deal?

With the earnings from his first deal, Zach invested in more marketing materials, specifically banded signs. He increased his efforts and completed five more deals before graduating high school.

Summary & Key Takeaways

• Zach, a 17-year-old high school student and athlete, shares the story of his first real estate wholesaling deal in which he made over $25,000.

• Despite limited resources and knowledge, Zach used banded signs to attract potential sellers and successfully negotiated a deal with a motivated seller.

• With the earnings from his first deal, Zach scaled up his marketing efforts and went on to complete five more deals before graduating high school.