It’s like riding the escalator when you wholesale houses. Imagine being on an escalator and it’s going really fast. Abnormally fast than the escalator that you’d see in Dillard’s or any other department store. This one is going down to the ground level. Not picture yourself on the ground level, looking up this escalator, and you decide to jump on and see if you can make it to the top. Now remember, the escalator is coming DOWN from the second floor, and you’re standing on the first floor trying to make it up. Do you see what I did there?
It’s going to take alot of work to fight the negative motion to get ahead. What I mean by that, is that each time you take a step ahead, the escalator will still be going down. Sounds tiring, right?
When you wholesale houses, the same thing happens. You implement some marketing campaigns, the leads start to come in, you get a motivated seller, you enter into a contract, you find a buyer, you go to closing. Each part of the wholesaling process is one step aheaad on that escalator. If you stop for a MINUTE, you’re going to be heading down again without even realizing it. It’s easy to just stand there and take the ride, and much more of a challenge to keep going forward.
Let me break this down a little bit more for you. Real Estate Investing is a WONDERFUL business to be in. It allows for freedom, independence, self reliance, and a nice income. The choice to wholesale houses is the best way to make fast and easy money. But don’t limit yourself to just that niche. The wholesaling escalator never stops. You will constantly be running out of leads, running out or deals, and running out of money if you don’t have a system in place to keep yourself running forward.
Let me offer some advice (it probably isn’t worth much). Learn some of the other creative techniques to buy real estate, while you’re working on your real estate wholesaling business. Lease Options, Owner Financing and Subject To are a phenomenal way to build residual income and CASH FLOW, so that one day, you don’t have to run up that escalator any more. Once you make it to that point, then you can wholesale houses just for the exercise, or to accumulate ALOT of money in your Self Directed Roth IRA (TAX FREE), and enjoy the cash that you make whether you work at it or not.
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