From 3 DEALS To Half A MILLION A Year | HOW To EXPLODE Your Wholesale Real Estate Business
We have a returning guest in To The Moon, Jacob Simpson, one of my favorite Astroflipping students. He and I share a lot of things, primarily our love for the wholesale real estate business, giving importance to mindset and tuning in our energy to the right kind of vibration. Just to give a little bit of a back track, Jacob started his real estate journey in 2018, where he was doing wholesaling in the traditional way. He's tried every method out there, cold calling, sending out emails, text blasts, mailing out letters, Facebook ads. But even after a year, he has not closed a deal yet. Within the almost the first three years of being in the business, he's only closed 3 deals. Around September of 2020, Jacob joined Astrolipping and made his first deal with the help of fellow Astro students by the 2nd month of being in the program. By 2021, he started gaining traction and within that year made about 40 deals mostly through wholesaler outreach, earning $400,000.00 in assignment fees and helping other wholesalers earn $1.2 million in assignment fees. I liked what Jacob said, being in this industry gives you that opportunity to earn top dollar which is great but being able to help other wholesaler get their first check and dispo their deals is so much more gratifying. Like Jacob, the impact that we make in other people's life, how we are able to help them change their financial future for the better, that's the thing that gets me out of bed and gives me energy all day long. Jacob Simpson's heart and dedication to the community is truly inspiring. Make sure you watch the entire episode, Jacob dropped a lot of gold nuggets about his techniques and strategies which contributed a lot to his success in the business.
Jacob currently is in the process of scaling his wholesale business. Targeting to surpass a million dollar a year. He's in the DC, DMV, outskirts of Maryland area, for those of you who want to reach out to him. He's also done deals in Tampa and Denver.
You can reach out to Jacob Simpson at:
Stop comparing your journey with other people's journey. Compare yourself from where you were at a year ago.
Obstacles are opportunites to learn. It's never a failure until you quit.
Relationships over transactions. Relational mindset can build you a multi-million dollar business.
Wholesaling is still a numbers game. Talk to as many people as you can.
Read contracts before signing them.
You'll never know everything before you get started.
Connect with the big players in your market. Don't try to do it alone. Put ego to the side and partner with other people.
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