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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!! 👇
Owner Finance
Hey Tadi, what’s your thoughts on offering owner finance to a seller on a property that needs full renovation? Do you think a flipper would be interested if we get good terms on it? I have a seller ready to sell at 75K, ARV- about 160-165k conservatively. From the comps looks like I can get cash buyers to purchase at the 75K price. Trying to lock her at 65K but not budging.
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Welcome!!
Welcome to the free community for wholesalers and investors who want to collaborate, learn, and get more deals done! Introduce yourself and share a picture or video of yourself or your workspace!! One of the first 100 people to join and post an introduction will win a special prize: ✅FREE Virtual Wholesaling Six Figure Strategy Guide (Includes software discounts, scripts, sms templates and full business setup guide) ✅FREE Social Media Ads course (including scripts, copy and paste ads, and video examples) ✅ a special surprise from me! Comment "IM IN" if you're joining the competition- please introduce yourself in a post !!!
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