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Business by Faizal Siddiqui

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65 contributions to Real Estate Wholesaling
FUNNY Money? Tax Time Tips to help you invest in YOU this year!
I saw this idea floating around and I thought hey, A lot of people have problems marketing year round and often this is why wholesalers quit too early. Use these strategies during TAX TIME and have more cushion through the year for marketing !! 1) 🏠 Pay your landlord an additional $2400. This will make your rent $200 cheaper for the next 12 months. DO NOT Pay your rent up and pay nothing unless your lease is expiring. Our most expensive month is usually December. Imagine having that extra $200 to spare. Make sure you keep your rental receipts. Take a picture of them and email them to yourself or request a rent ledger. 2) 💳 Buy gift cards and hide them. 10 Gas cards, 5 Grocery Store, 10 Walmart, 5 Visa, Dollar Tree, WE ENERGIES, etc. You save these for a rainy day. And a couple of $20 gift cards you can use for birthdays. When life gets tough you can fall back on these & keep your marketing spend going. 3) Start an LLC & Take $500 open up a BUSINESS bank account. (pref. navy federal or other high interest account) DO NOT GET A DEBIT CARD for this account. Then start putting 3% of your W2 or J-O-B check into that account and don't touch it. When life happens you can't market you'll be glad you did this. 4) If you're buying a car 🚗 DO NOT go to a side lot. Go to Russ Darrow, Honda, CarMax or any dealership that sells certified used vehicles with a warranty and free oil changes and get insurance! 5) Get a life insurance policy you can draw cash from after a period of time and pay it for the year (this is a MUST & will help you invest in long-term real estate holdings in a couple years) You're paying for the year so it doesn't interrupt your regular bills. You should have A. Enough left over for marketing for 2-3 months B. be able to use the "cushion" or money you put away, to keep up your marketing budget for six months. C. Be able to close a deal in this time frame so you can reinvest and NEVER give up on this business. The true KEY is spending every free hour you have talking to sellers and closing deals until this dream becomes a reality!
What are your strengths?
We all know what we have to work on but drop in the comments what you are GREAT at. Underwriting? Sales? Dispo? Finding seller leads? Comment below!! 👇
1 like • Mar 1
@Yudelle Thumbi all of those! If you have social skills and can be conversational, taking action and making calls and staying organized tracking your metrics will be highly valuable
Listing Wholesale Deals on the MLS !
This is a current property we have in El Paso, TX that we listed. Some people call this a "novation", some people sneak a clause in their agreement and don't even tell the seller they're listing it!! 😳 Things like that are what makes agents/government want to ban wholesaling. There is a RIGHT way to be able to list properties on the MLS, and sellers will be fine with it. This deal will net 20k for my company if it sells 10k under list price. (wiggle room). it's important to have the wiggle room in case offers don't come in at ask (comps were selling for 30-40k higher so this was a safe listing amount) This works really well on those very nice houses investors don't want because there is no value-add. Sellers don't have to pay an agent (we don't pay a listing agent either) so it works out for everyone!
Listing Wholesale Deals on the MLS !
0 likes • Feb 28
@Marcus Dennis it can still sell messy! Or if the spread is there I’d pay to clean it up
Why Most Struggle to Close Deals (And How to Fix It)
Most people think virtual wholesaling is just about finding leads and making offers. But the truth is, the biggest difference between those who close deals consistently and those who don’t comes down to one key thing! 🔑 🥲 NOT the market. 🥲 NOT the software. 🥲 NOT even the lead source. Once I figured this out, my entire business changed. If you’re struggling to close deals virtually, this is probably the missing piece. 🧩 An Iron-Clad Sales Process! 📝 A flow you can follow from hello to a signed contract that works for every closeable deals. NOBODY closes EVERY seller. But you should be able to close the ones who have all 4 of the pillars of motivation if you have a good sales process. A good sales process will unlock the motivation sellers are hiding, get to the true value of the property, and make sure you’re getting deals that can ACTUALLY be sold ! (Emphasis on actually be sold‼️)
Progress
How's everyone Journey so far ? Any progress ?
Progress
2 likes • Feb 26
@Jasmine Garr awh well don’t stress too much let that baby cook! But What are you doing for marketing ? And how much time?
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Tadela Tedemet
5
141points to level up
@tadela-tedemet-5461
Investor, entrepreneur & AI Business founder

Active 43m ago
Joined Feb 2, 2025
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