Jeffrey Dawson has been in the building industry for over 27 years. He was with one company for 24 years when they decided to not pay for their health insurance. Being married & having children, there was no way he could afford that for long. He took a job with another building material company at lower pay and also took on a part time job at Home Depot until one day he had to take a good look at where he was going. Working two jobs, it was still hard to make ends meet. With the wear & tear on his body, it wasn’t worth the money. He decided to take a leap of faith and do something that he always wanted to do, but never knew how: real estate investing. He didn’t want to look back on his life & say “I should have tried something I wanted to do, but didn’t because of FEAR!”
What you’ll learn about this episode:
- How Jeffrey lost $60,000 on two deals rehabbing them and not wholesaling them
- How to figure out seller offer price and buyer sales price
- 3 critical things you need to quit your job and start real estate investing full-time
- A cheaper alternative to bandit signs
- Why wholesaling is much more profitable than renovating — and much easier
- Why you need to be fast to forgive yourself, learn from your mistakes, and make more money in the future
- Follow-up: the key to any investing business and the reason Express Homebuyers was able to do 30 deals in January when Brad was sitting on the beach in Jamaica
- Targeting absentee owners with a lot of equity for cold calls
- Seller Snipers: John Martinez’s cold calling service that can help you find and call the right people
- The importance of a follow-up system, no matter how low your budget is
- Why you should follow-up with people 15 times in the first four days after a lead comes in
- The three things a real estate investing website needs to have in order to convert
- Why Carrot sites are the best and easiest sites for investors to use
- Why car magnets are a great, cheap marketing strategy
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