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Episode 005 - Building A Wholesaling Empire in Less Than 3 Years with Mark Skowron [PODCAST]
For many people, wholesaling is the doorway into real estate investing. It’s one of the simplest ways to get in and learn how the real estate markets work, and how to take advantage of the selling and buying of properties that happens every day in the United States. Our guest on this episode of the Invest Four More podcast proves that by the wholesale investing success he’s experienced in just under three years.
Getting started in real estate wholesaling
Mark Skowron is from Chicago - born and raised there - and got into real estate investing after a typical high school and college education. He spent time with a sales company before trying his hand at real estate investing, where he was the most successful salesman in the company within a short time. When he heard about real estate wholesaling Mark was eager to try his hand, so he read up on how wholesaling works, got some “We buy houses” signs to post at some major intersections, and started interacting with people who needed to sell their properties fast. His philosophy was, “Learn as you go.”
From his first deal (a widowed woman whose husband had handled all the financial matters for the family) to today, Mark Skowron has proven that wholesaling properties is not only the best way to learn the fundamentals of real estate investing, but also a very legitimate way to build a business focused strictly on wholesaling. Mark and his team close 7 to 8 deals a month, which amounts to anywhere from $35,000 to $75,000 in profit for the month. He’s learned how to leverage an active buyer’s list and a competent team to buy and sell properties quickly for a profit.
An unusual wholesaling strategy: working WITH the competition
Property wholesaling can be a very competitive niche, but Mark Skowron has discovered that there’s a very powerful benefit to actually partnering with the competition. He’s built relationships with other wholesalers in his area to co-sell properties at times. The reason this works so well is that Mark has focused intensely on building an active, legitimate “buyer’s list” and he is usually able to find someone to purchase properties when other wholesalers can’t. So, he’s made himself available to partner with other wholesalers to offload their properties to his buyer’s list, and get a cut of the profit from the deal for himself at the same time.
Add some fix n flips to the wholesaling business for a well-rounded strategy
There’s all kinds of buzz these days about “fix n flips” and Mark’s been working on rehab deals himself for almost 6 months now. He’s found a way to leverage the deals that are not quite profitable as wholesale offers by fixing the problems they have then reselling them to typical owner-occupant buyers who want a nice home that requires little fixer-up work on their part. Mark has discovered how to hire managers and contractors who work on all his projects so that he can stay focused on finding properties and building relationships with buyers.
Turnkey investments to augment the wholesale business
In addition to all that, Mark’s gotten into “turnkey” investment sales lately (selling properties that already have renters in them) and is seeing great success there as well. You’ll learn a lot in this episode, so plug in your headphones and hit “play.” This is time well spent. All that on this episode of Invest Four More.
OUTLINE OF THIS POWERFUL EPISODE
Mark’s introduction of Mark Skowron, wholesale investor.
What Mark Skowron was doing before real estate investing.
How Mark got started in real estate investing.
The importance of focus and commitment to one thing.
How long it took Mark to start making headway in wholesaling.
A step back: What is a wholesaler?
The power of an effective wholesale buyer’s list.
How timing is an issue with a great wholesale buyer’s list.
The path a typical wholesale deal follows.
How Mark Skowron’s business is structured.
How Mark does co-deals with other wholesalers.
Mark’s initial steps into rehabs (house flips).
The first steps into turnkey rental property sales.
Mark’s plans for the next few years.
The importance of taking massive action in wholesaling.
LINKS MENTIONED IN THIS GREAT EPISODE
http://www.FocusOnBuyers.com
TWEETS TO SHARE THIS POWERFUL EPISODE
Show me your friends and I’ll show you your #future - Mark Skowron http://wp.me/p3PPf6-4Ur
The biggest #mistake people make is trying to #avoidmistakes - #realestateinvesting http://wp.me/p3PPf6-4Ur
Understanding #wholesaling is understanding the foundation of #realestateinvesting http://wp.me/p3PPf6-4Ur
#Takeaction. That’s the most important part of #realestateinvesting http://wp.me/p3PPf6-4Ur
#Wholesalinvesting #success in less than 3 years, with Mark Skowron http://wp.me/p3PPf6-4Ur
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By InvestFourMore
4.8
5353 ratings
For many people, wholesaling is the doorway into real estate investing. It’s one of the simplest ways to get in and learn how the real estate markets work, and how to take advantage of the selling and buying of properties that happens every day in the United States. Our guest on this episode of the Invest Four More podcast proves that by the wholesale investing success he’s experienced in just under three years.
Getting started in real estate wholesaling
Mark Skowron is from Chicago - born and raised there - and got into real estate investing after a typical high school and college education. He spent time with a sales company before trying his hand at real estate investing, where he was the most successful salesman in the company within a short time. When he heard about real estate wholesaling Mark was eager to try his hand, so he read up on how wholesaling works, got some “We buy houses” signs to post at some major intersections, and started interacting with people who needed to sell their properties fast. His philosophy was, “Learn as you go.”
From his first deal (a widowed woman whose husband had handled all the financial matters for the family) to today, Mark Skowron has proven that wholesaling properties is not only the best way to learn the fundamentals of real estate investing, but also a very legitimate way to build a business focused strictly on wholesaling. Mark and his team close 7 to 8 deals a month, which amounts to anywhere from $35,000 to $75,000 in profit for the month. He’s learned how to leverage an active buyer’s list and a competent team to buy and sell properties quickly for a profit.
An unusual wholesaling strategy: working WITH the competition
Property wholesaling can be a very competitive niche, but Mark Skowron has discovered that there’s a very powerful benefit to actually partnering with the competition. He’s built relationships with other wholesalers in his area to co-sell properties at times. The reason this works so well is that Mark has focused intensely on building an active, legitimate “buyer’s list” and he is usually able to find someone to purchase properties when other wholesalers can’t. So, he’s made himself available to partner with other wholesalers to offload their properties to his buyer’s list, and get a cut of the profit from the deal for himself at the same time.
Add some fix n flips to the wholesaling business for a well-rounded strategy
There’s all kinds of buzz these days about “fix n flips” and Mark’s been working on rehab deals himself for almost 6 months now. He’s found a way to leverage the deals that are not quite profitable as wholesale offers by fixing the problems they have then reselling them to typical owner-occupant buyers who want a nice home that requires little fixer-up work on their part. Mark has discovered how to hire managers and contractors who work on all his projects so that he can stay focused on finding properties and building relationships with buyers.
Turnkey investments to augment the wholesale business
In addition to all that, Mark’s gotten into “turnkey” investment sales lately (selling properties that already have renters in them) and is seeing great success there as well. You’ll learn a lot in this episode, so plug in your headphones and hit “play.” This is time well spent. All that on this episode of Invest Four More.
OUTLINE OF THIS POWERFUL EPISODE
Mark’s introduction of Mark Skowron, wholesale investor.
What Mark Skowron was doing before real estate investing.
How Mark got started in real estate investing.
The importance of focus and commitment to one thing.
How long it took Mark to start making headway in wholesaling.
A step back: What is a wholesaler?
The power of an effective wholesale buyer’s list.
How timing is an issue with a great wholesale buyer’s list.
The path a typical wholesale deal follows.
How Mark Skowron’s business is structured.
How Mark does co-deals with other wholesalers.
Mark’s initial steps into rehabs (house flips).
The first steps into turnkey rental property sales.
Mark’s plans for the next few years.
The importance of taking massive action in wholesaling.
LINKS MENTIONED IN THIS GREAT EPISODE
http://www.FocusOnBuyers.com
TWEETS TO SHARE THIS POWERFUL EPISODE
Show me your friends and I’ll show you your #future - Mark Skowron http://wp.me/p3PPf6-4Ur
The biggest #mistake people make is trying to #avoidmistakes - #realestateinvesting http://wp.me/p3PPf6-4Ur
Understanding #wholesaling is understanding the foundation of #realestateinvesting http://wp.me/p3PPf6-4Ur
#Takeaction. That’s the most important part of #realestateinvesting http://wp.me/p3PPf6-4Ur
#Wholesalinvesting #success in less than 3 years, with Mark Skowron http://wp.me/p3PPf6-4Ur