3 reasons most people QUIT Wholesale Real Estate
Reason 1: Lack of consistency. You start hot—cold calling, texting leads, networking—but then life hits, you skip a day, then a week and so on. You never truly obsess over it. I think you either obsess over getting your first deal or your short lived efforts will be a complete waste of time. You need a consistent amount of Action happening everyday whether it be qualifying leads, making offers, meeting sellers etc.. Action creates Reaction - You must start the snowball effect Your calendar should consistently be slammed with things to do This works like a garden. You plant seeds (cash offers) you nurture them until they produce fruit. You can’t expect to make 3 offers and get a deal. Even if your a dog 💩 of a sales person, you should at least be able to close at least 1 out of 50 cash offers Reason 2: Analysis paralysis. You overthink every lead: “Is this ARV right? What’s the repair cost? What if I lowball?” You must come to the realization that YOU WILL NEVER HAVE IT ALL FIGURED OUT. You must be okay with not knowing things 100% before acting. You will make mistakes and that’s a fact. All you can really do is acknowledge it as fast as possible & move on. I’m a decade deep in the business and I still make mistakes. I don’t make as many now but occasionally I do! You’re human. It’s okay to not know things. However it is your job to find somebody who does know there stuff! You lean on their confidence and it truly speeds the learning curve. Just following the right people on social media can help out a lot Reason 3: Information overload. Too many gurus, courses, YouTube vids flooding your brain. You chase every “hack” but never implement. If you’re brand new in the business, I suggest sticking to 1 persons way of doing things and implement it until you see results. After you see good results - Start investing in other people and getting a glimpse as to how they do business The more exposure you have to different ways of doing things such as acquisition or marketing or disposition. The more you’re able to tweak things in your process.