Now that you’ve closed your first deal – the stress of getting over the hump of your first one is FINALLY gone, and it seems like your business is ready to go from $0 to $1M in no time …right?
I want to make something clear – it took us 9 months to close our first wholesale deal…which was for $21,000 and it was a Duplex in the Greater Boston market.
(Our First Deal In Everett, MA)
We spent months without any mentorship, doing driving for dollars, focusing on areas that didn’t matter (i.e. website, business cards, flyers, etc.), manually dialing lists we pulled from Propstream & Zillow, and targeting markets that we had no rhyme or reason even being in.
Because my brother and I decided to stick out those 9 months (call it pride, competitive spirit, or just reminding ourselves that we will get our first when we have earned it) we learned A LOT on what not to do, and even better, what to advise others on what we would have done differently if we rewind to Day 1.
To recap a few of my reinvestment tips, here is what we would have done differently: