Michael Flori Shares How He Made $73,000 in His FIRST 3 MONTHS Wholesaling Real Estate

TL;DR

Michael made $73k wholesaling real estate in his first 3 months, sharing his journey and tips.

Transcript

how Michael made over seventy three thousand dollars his first three months in wholesaling real estate what is up guys Zach in here and I am in the backswitches podcast and I'm excited to talk to Michael about how in January till April he made over seventy three thousand dollars in a Simon feast and exactly how you can do the same exact thing so Mi... Read More

Key Insights

• 🥺 Starting with a strong mindset and clear goals led Michael to success early in wholesaling.
• 🥶 Investing time in learning and preparing through free courses and videos was crucial for Michael's journey.
• 🤑 Overcoming seller demands, such as high earnest money deposits, required creative negotiation tactics from Michael.
• 🥶 Utilizing multiple marketing strategies like cold calling and driving for dollars helped Michael find lucrative deals.
• 😚 Building collaborative relationships with realtors like Doug enabled Michael to close deals smoothly and learn in the process.
• 😚 Celebrating milestones like closing your first deal can provide motivation and validation for new wholesalers like Michael.
• 🤩 Handling obstacles such as negotiation challenges with confidence and strategy is key to securing profitable deals.

Questions & Answers

Q: How did Michael start his wholesaling journey?

Michael started wholesaling real estate in December 2022 after watching videos and taking a free course on the topic, diving in with cold calling.

Q: How did Michael secure his first deal worth $24k?

Michael found his first deal on a vacant property list, cold called the owner, negotiated the price in person, and successfully closed the deal.

Q: What marketing strategies is Michael currently using?

Michael is still cold calling vacants, utilizing driving for dollars to build lists, and has hired a cold caller to target tax delinquency and absentee owner lists.

Q: How did Michael handle earnest money deposit negotiation with sellers?

Michael expertly negotiated to defer earnest money deposit payment until the end of the inspection period with sellers, showing confidence to influence their acceptance.

Summary & Key Takeaways

• Michael earned over $73k in wholesaling real estate from January to April through cold calling and negotiating deals.

• He started in December 2022 after watching videos on wholesaling, taking a free course, and then diving in.

• Michael faced challenges negotiating deal prices, securing earnest money deposits, but found creative solutions to overcome them.