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A Failure | That you can LEARN From | Real Estate Wholesaling

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bingnanxu

Take Massive Determined Action
Mar 16, 2019
63
69
118
Hello, So here is one of my many failure you can learn from

just couple month ago, I've decided to jump in to the real estate wholesaling business.

Why? Because making 5k - 20k on a deal by just fliping contract is just too EZ(well, i thought...)

So, watch loads of Youtube video, seeing success video after success video, listening to podcast everywhere, and will work hard getting my first deal, as the guru said, the first deal is the hardest, is like a snowball effect.

I learned everything to out compete my competition, i learned every strategy, brought courses for $1200(refunded already) which the information is already free on YouTube.

I cold called, list after list, hundred after hundred of cold call, direct mail and trying everything (spend loads of cash on RVM and Skiptracing).

Some night i even want to wake up at 5 am to cold call people in the East Coast to find some deals.(I lived in the West Coast)

then i got leads coming in, well, people dont want to sell their house below market value, dont want to do seller financing or lease option, i kept trying to close the deal by saying "what if you can't sell?"

so eventually they give up on me, stoped trusting me, since they think i am trying to low ball them on their house, which i did NOT, sometime i offer the BEST to cash out their house with barely any profit. They still do not want to believe me.

Again and Again i failed, i watch success video after video, trying the EXACT SAME STRATEGY AGAIN AND AGAIN!!!

And busting my head off, kept trying, kept pushing.

I did not know at that time, the people who did it, sharing out their success, and strategy. is BEHIND the scene SELLING Something, and After done my research, THEY MAKE MORE SELLING THE COURSE THEN THEY DO WHOLESALING!!!

A month goes BY... Nothin

Two Month go By... Nothin

Four Month go By... Nothin

In Those Four MONTH. I TRIED Almost anything that is even possible with Real Estate Wholesaling,
Seller Financing, lease option, cash offer, sandwich lease option, down payment arbitrage, ALMOST EVERYTHING From Cold Calling to writing HAND WRITE LETTER. And still NOTING

While on the side my etsy shop, which runs automatically earns more without even TOUCHing it....

Have i thought of giving up?

Yes.. So many time... but i dont want to be a loser, so i tried again and again

In the End,

Just like Albert Eienstain Said:
"
the definition of insanity is doing the same thing over and over and expecting different results
"

So i picked up a book by MJ DeMarco, the millionaire fastlane, thank god he wrote the book, i really sincerely want to thank him, regarding the CENTS framework, the real estate wholesaling VIOLATED ALL 5 RULES

I Learned so many, which one of them is:::

In the end, you know who wins? Not the people that dig gold, but those who sell shovels and food...

Out of that couple winner that is on youtube, you will never hear that there are thousands that have failed, have been buried under the battle ground and unheard,

So listen to the failures,

As it block out the noise of success,

give you the true essence of what it takes, to become extraordinary.

Thanks @MJDemarco And Everyone on the forum

-Peace
 

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Reign777

New Contributor
Jun 24, 2020
27
8
12
New York
Hello, So here is one of my many failure you can learn from

just couple month ago, I've decided to jump in to the real estate wholesaling business.

Why? Because making 5k - 20k on a deal by just fliping contract is just too EZ(well, i thought...)

So, watch loads of Youtube video, seeing success video after success video, listening to podcast everywhere, and will work hard getting my first deal, as the guru said, the first deal is the hardest, is like a snowball effect.

I learned everything to out compete my competition, i learned every strategy, brought courses for $1200(refunded already) which the information is already free on YouTube.

I cold called, list after list, hundred after hundred of cold call, direct mail and trying everything (spend loads of cash on RVM and Skiptracing).

Some night i even want to wake up at 5 am to cold call people in the East Coast to find some deals.(I lived in the West Coast)

then i got leads coming in, well, people dont want to sell their house below market value, dont want to do seller financing or lease option, i kept trying to close the deal by saying "what if you can't sell?"

so eventually they give up on me, stoped trusting me, since they think i am trying to low ball them on their house, which i did NOT, sometime i offer the BEST to cash out their house with barely any profit. They still do not want to believe me.

Again and Again i failed, i watch success video after video, trying the EXACT SAME STRATEGY AGAIN AND AGAIN!!!

And busting my head off, kept trying, kept pushing.

I did not know at that time, the people who did it, sharing out their success, and strategy. is BEHIND the scene SELLING Something, and After done my research, THEY MAKE MORE SELLING THE COURSE THEN THEY DO WHOLESALING!!!

A month goes BY... Nothin

Two Month go By... Nothin

Four Month go By... Nothin

In Those Four MONTH. I TRIED Almost anything that is even possible with Real Estate Wholesaling,
Seller Financing, lease option, cash offer, sandwich lease option, down payment arbitrage, ALMOST EVERYTHING From Cold Calling to writing HAND WRITE LETTER. And still NOTING

While on the side my etsy shop, which runs automatically earns more without even TOUCHing it....

Have i thought of giving up?

Yes.. So many time... but i dont want to be a loser, so i tried again and again

In the End,

Just like Albert Eienstain Said:
"
the definition of insanity is doing the same thing over and over and expecting different results
"

So i picked up a book by MJ DeMarco, the millionaire fastlane, thank god he wrote the book, i really sincerely want to thank him, regarding the CENTS framework, the real estate wholesaling VIOLATED ALL 5 RULES

I Learned so many, which one of them is:::

In the end, you know who wins? Not the people that dig gold, but those who sell shovels and food...

Out of that couple winner that is on youtube, you will never hear that there are thousands that have failed, have been buried under the battle ground and unheard,

So listen to the failures,

As it block out the noise of success,

give you the true essence of what it takes, to become extraordinary.

Thanks @MJDemarco And Everyone on the forum

-Peace
So you quit wholesaling?
 

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