The year before I got into real estate investing, I was making sandwiches for $10 dollars an hour. Every night, I would come home from work with soggy clothes from all the oil and vinegar I had been putting on Italian subs.
The combination of going to college full time and working 25+ hours a week was taking a mental and physical toll on me. I wholeheartedly believed there had to be a more efficient way to use my time instead of trading it for $10/hr.
This led me to find Real Estate Investing.
I was determined to learn the steps to successfully invest in real estate & within 45 days of going all in, I completed my first real estate investment deal, which brought in $22,000 of profit!
Now, let me tell you about this because completing my first real estate deal was one of the biggest learning opportunities of my life…
I acquired the property at a price of $328,000. However, I did not renovate the property. Instead, I did something called Wholesaling.
Essentially, real estate wholesaling is the process of finding a property at a discounted price and finding a buyer that is ready to purchase it immediately at a higher price. The profit that you make is the difference between the price that is paid by the buyer and the original contracted price of the property.
The property was sold after I got it under contract for $350,000 to another company that wanted to renovate it.
I worked about 2 hours a day over the course of four days, toalling 8 hours of work. Once I had the property under contract at $328,000, I then found another company who wanted to pay $350,000 for the property. A separate contract was written to sell the property to this company for the $22,000 difference!
The amazing thing was that I did not spend $1 for getting this property under contract because the company that purchase the property paid the original seller $328,000, and then that same company paid $22,000 for the rights to the contract.
Why this is amazing:
• I performed a total of 8 hours of work
• Received $22,000 of profit
• $22,000 divided by 8 hours of work = I made $2,750 an hour
• I did not even spend $1!
Yes, I learned how to make $2,750 an hour within 45 days of going all in on real estate investing!
Fast forward to today, I have been able to generate millions from real estate investing, consult with others on how to build their own hyper profitable real estate investing businesses, and truly live the life I want to live.
I am extremely thankful to have found this path and I look forward to sharing this coveted knowledge.