Josh Shipley Shares How He Made $200,000 in His FIRST Year Wholesaling Real Estate (21 Years Old)

TL;DR

21-year-old Josh earned over $200,000 in his first year wholesaling real estate, sharing insights on strategy and perseverance.

Transcript

how Josh made over two hundred thousand dollars his first year in wholesaling real estate and also he was 21 years old what is up guys Zach in here and I'm excited to talk with Josh right now because he is an inspiring story 200 Grand is first year guys I only made a hundred grand in my first year so this is pumping me up I'm excited so I just want... Read More

Key Insights

• 🥺 Building relationships with real estate agents can lead to valuable off-market deals.
• 🥶 Networking is essential for wholesaling success, as seen in Josh's partnership with an old friend.
• 🥺 Focusing on motivated leads, like probates, can yield higher success rates in finding deals.
• 🥶 Outsourcing tasks, like data management and cold calling, can help scale a wholesaling business.
• 🤩 Consistency, persistence, and obsession with learning are key factors in wholesaling success.
• 🚂 Overcoming challenges, like finding the right team members and training them effectively, is crucial for business growth.
• 👾 Success in real estate wholesaling is a numbers game that requires perseverance and determination to achieve financial goals.

Questions & Answers

Q: How did Josh get started in wholesaling real estate?

Josh moved to Dallas, relying on free content and building relationships with real estate agents for his first successful deal. He took a leap of faith, focusing on learning and diving headfirst into the Dallas market.

Q: How did Josh secure his first deal with limited funds for marketing?

Josh had some savings and focused on working with real estate agents initially. His first deal came from an off-market deal brought by an agent, showcasing the importance of networking and building relationships.

Q: What strategies did Josh use to find buyers for his deals?

Josh leveraged Facebook to post his deals, attracting potential buyers. His first deal received significant interest, demonstrating the power of networking and building a solid buyer list through social media platforms.

Q: How did Josh overcome challenges in hiring and training team members for his wholesaling business?

Josh emphasized the importance of proper training and support for team members, highlighting the need for consistent effort in building a successful team. Hiring and training play a crucial role in scaling a real estate wholesaling business.

Summary & Key Takeaways

• Josh shares his journey into wholesaling real estate, starting in Dallas.

• Relied on free content and building relationships with real estate agents for his first successful deal.

• Overcame challenges by networking, focusing on motivated leads, and outsourcing tasks to scale his business.