118: 23 Year Old Makes $20k Wholesaling A Vacant Lot

The DealMachine Real Estate Investing Podcast

If you want to own apartment buildings, but don't have the money or skills yet...

Our guest today was inspired by Youtube to try wholesaling real estate: a strategy where you can earn big checks and build your skills by finding run down properties.

Or... in our guests case, he wholesaled a vacant lot!

Tune in to 10x your income and replace your W2 thru the Wholesaling Real Estate Strategy

Key Talking Points of the Episode

00:00 Introduction

02:41 How did a change in mindset help Carlos succeed in selling cars?

04:39 When did Carlos start wholesaling real estate?

05:23 How did Carlos learn about wholesaling land properties?

07:27 Why did Carlos decide to focus on the deals they had under contract?

08:13 What was it like for Carlos to close his first wholesale deal?

09:29 Why is it important to be resilient if you want to succeed?

11:26 What made Carlos decide to quit selling cars to wholesale properties?

15:02 How did Carlos find his first wholesale deal?

16:31 What is the best way to find wholesale deals today?

18:28 How can you start marketing to sellers?

19:20 How can you identify the value of land you’re wholesaling?

21:12 What are the biggest advantages of wholesaling land?

22:19 How can you get better at talking to sellers?

23:06 How can you connect with Carlos?

24:22 What are Carlos’ goals for 2024?

Links

Instagram: Carlos Hernandez

https://www.instagram.com/saint.hernandz/

David's Social: @dlecko

https://www.dealmachine.com/pod

Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/