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.
Now 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 Takes Alot of Work To Stay At the Top
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 real estate wholesaling process is one step ahead 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 wholesaling 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. 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.
The best way to ensure that your business never runs out of gas, it to keep a consistent flow of motivated seller leads coming into your funnel. This means that even when things gt ramped up and you’re busy, the lead generation campaigns are still working for you in the front end. Be sure to market to various lead sources so that you’re not depending on one mailing list to bring in all of the leads.
Learn Multiple Exit Strategies as a Real Estate Investor
Learn some of the other creative financing methods 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. You don’t have to run up that escalator anymore. 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.