HFHQ 125: How Nixon Made $80,000 Last Year Wholesaling “On the Side”

Listen to This Episode (Audio Version for Podcast)Last year, Nixon made about $80,000 profit through wholesaling… and he did it while taking care of his young son and commuting to his full-time job every day.Nixon really enjoys real estate investing… but when he first got started, he was really struggling to find deals and make them work…It turns out he was getting just one major thing wrong on every offer he submitted.In today’s episode, Nixon shares his story, what he’s learned, and how he’s been able to go from doing no deals to making $80,000 in one year, without even quitting his full time job!Episode 125: Show NotesA few takeaways from today’s episode.What the “baby effect” is, and why Nixon is experiencing it now…Why entrepreneurs tend to either make it big or fizzle out completely…How House Flipping Formula helped Nixon start closing deals…Why Nixon has “two jobs…”How Nixon got started in real estate…Why it’s important to pay for education, rather than trying to learn for free (this might surprise you)…How to negotiate with sellers so they don’t get defensive…The issue Nixon had with determining ARV, and how one of the HFF coaching calls helped him resolve it…Why the “70% rule” is flawed, and how it was preventing Nixon from doing deals…The number of deals Nixon did in 2015, and the profit he made… while keeping his full-time job…What Nixon has been able to do for his family and his parents because of the money he’s made wholesaling…Why Nixon is now focusing on systematizing his business…Links and ResourcesThe doors to House Flipping Formula will be open for just a few more days!  Andy and I are taking on new students… and if you want to get your house flipping or wholesaling business off the ground (or take it to the next level), we’d love to help you make it happen!  Head over to HouseFlippingFormula.com to learn more and sign up!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them! The post HFHQ 125: How Nixon Made $80,000 Last Year Wholesaling “On the Side” appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.