Korey Whitley Shares How He Closed 25 Deals in His FIRST YEAR Wholesaling Real Estate | Summary and Q&A

TL;DR

Cory Whitley shares his inspirational story of starting from nothing and becoming successful in the wholesale real estate industry through persistence and hard work.

Key Insights

• 💦 Success in the wholesale real estate industry requires persistence, hard work, and learning from mentors.
• 🥶 Starting with limited resources is possible, but it may require creative strategies like YouTube education and using free tools like Google Maps for driving for dollars.
• 🍉 Consistency in marketing efforts and the ability to adapt to different strategies based on market conditions are crucial for long-term success.
• 😤 Building a team and scaling the business are vital steps to take in order to grow and maintain profitability in the wholesale real estate industry.
• 🔊 More volume in marketing leads to more opportunities for deals, and targeting specific areas can yield higher returns on investment.
• 1️⃣ Patience, determination, and the support of loved ones are key factors in overcoming challenges and achieving success in the wholesale real estate industry.

Transcript

all right so uh that was pretty cool love the breakout groups so next what we're going to do is we're going to have somebody speak here and this is somebody that has a very inspirational story um pretty much a lot of the times that I find an inspirational story it's not they get rich really quick or it's gangster or really cool off the bat right it... Read More

Questions & Answers

Q: How did Cory Whitley start his journey in the wholesale real estate industry?

Cory started with no money, experience, or connections, but he found inspiration through a TikTok video about wholesaling courses and began learning through YouTube videos.

Q: How did Cory overcome financial struggles and a difficult work schedule?

Cory faced financial difficulties after leaving his high-paying job and taking a pay cut to spend time with his family. He found wholesaling as an opportunity to improve his financial situation.

Q: What marketing strategies does Cory use in his wholesale real estate business?

Cory utilizes direct mail, cold calling, and bandit signs as his primary marketing strategies. He also experimented with Facebook ads and SMS marketing but found them less effective.

Q: How does Cory handle losing deals or facing challenges in his business?

Cory has faced challenges like terminating deals due to estate issues or properties being torn down. However, he emphasizes the importance of staying committed and not getting complacent in order to overcome obstacles.

Summary & Key Takeaways

• Cory Whitley began his journey in wholesale real estate with no experience, money, or connections.

• Through determination and learning from mentors, he gradually built his business and closed his first deal, earning $5,000.

• Cory emphasizes the importance of consistency, being uncomfortable, and scaling one's business to achieve long-term success.