How to Scale to 70+ Deals a Year | Step by Step | Wholesaling Real Estate

TL;DR

Todd Miller shares his success in real estate wholesaling, emphasizing consistency and persistence for aspiring investors.

Transcript

what is up guys we are live welcome to the bags riches podcast i'm your host zach ginn and on today's video we have todd miller from richmond virginia todd is an absolute beast in his market and uh his results speak for itself so he's going to teach you exactly today i want to share in his business how he is able to skyrocket his success and how yo... Read More

Key Insights

• ❓ Consistency and persistence are crucial in the success of real estate wholesaling.
• 🥺 Utilizing creative strategies like seller financing and subject-to purchases can lead to profitable deals.
• 🥺 Building a strong network and leveraging direct mail marketing can ensure a steady flow of leads for wholesaling.
• ❓ Proper vetting and engagement with cash buyers can facilitate successful wholesaling transactions.
• 🥺 Maintaining high-quality leads, effective communication, and follow-up are vital components of a successful wholesaling business.
• 🎁 Adapting to different market conditions, such as the 2008 crash, can present opportunities for aspiring wholesalers.
• 🗯️ Having the right mindset, focusing on personal growth, and learning from failures are essential for long-term success in real estate wholesaling.

Questions & Answers

Q: How did Todd Miller transition from being a full-time salesperson to a successful real estate wholesaler?

Todd Miller decided to dive into wholesaling after getting tired of living paycheck to paycheck and not making traction in his full-time job post-2008 market crash. He showed exceptional dedication by working full-time and committing late nights to learning wholesaling.

Q: What strategies does Todd Miller use to maintain consistency in his wholesaling business?

Todd Miller emphasizes consistency, follow-up, and networking as key strategies to sustain success in wholesaling. He leverages virtual assistants for lead management and follow-ups, keeps marketing channels like direct mail effective, and engages in networking both online and in person.

Q: How does Todd Miller handle creative deals like seller financing and subject-to transactions?

Todd Miller uses creative deals like seller financing and subject-to purchases to maximize profits and acquire properties with favorable terms. He emphasizes starting with a cash offer and pivoting to agreement on their terms or his, ensuring profitability.

Q: What is Todd Miller's approach to vetting cash buyers for his deals for wholesaling?

Todd Miller prioritizes proof of funds from cash buyers to validate their credibility and ensure smooth transactions. He requires proof of funds before letting buyers view a property, ensuring seriousness and efficiency in the transaction process.

Summary & Key Takeaways

• Todd Miller mastered wholesaling to escape financial struggle, dedicating late nights to study and build his company.

• Starting post-2008 market crash, Miller zagged when others zigged, gaining from less competition.

• He strategically uses direct mail and network effects to maintain a steady stream of deals.