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BiggerPockets Business Podcast

15: How to Build a $100k/Month Real Estate Wholesaling Business with Max Maxwell

BiggerPockets Business Podcast

BiggerPockets

Business, Careers

4.8696 Ratings

🗓️ 6 August 2019

⏱️ 62 minutes

🧾️ Download transcript

Summary

What are you doing that you're not good at and/or don't like doing? Fire yourself—seriously! This episode is about delegating and systemizing, and who better to learn from than a serial entrepreneur who’s been tearing it up in real estate in recent years? Max Maxwell is a wholesaler, meaning he finds deeply discounted deals, ties them up under contract, then assigns them to an end buyer for a fee. Today Max tells us about his journey, from discovering he was dyslexic to joining the Air Force (“getting shot at for $20K/year”) to going broke (twice!). After all that, Max shares how he ultimately enrolled in “YouTube University” to learn the art of wholesaling. You’ll love the story of how Max’s business really took off when he delegated a weakness (data collection) and instead doubled down on his strengths (marketing and sales). Max also walks us through how to hire an overseas virtual assistant and how his first “V.A.” came to hire other team members once he began to scale up. He goes on to break down the structure of his business and reveal which marketing techniques brought in his juiciest deals. Max runs through his dos and don’ts for building a personal brand, as well as describes how he’s been able to build four businesses based on his wholesaling! Plus, if you know anything about Max, you know he’s a smooth negotiator. So, we asked him which skills are most crucial when developing rapport or closing a deal. Whether you’re in the real estate business or not, this episode is full of actionable advice for getting out of your own way and designing a well-oiled machine that works for you. So, don’t miss this one, AND don’t forget to subscribe, rate, and review the podcast on your favorite app! In This Episode We Cover: Why dyslexics often excel in business Transitioning from the military to marketing to real estate Structuring a real estate wholesaling business Hiring and managing a virtual assistant  Building a personal, rather than a corporate brand Active (highly taxed) income vs. passive income Why “fake it ‘til you make it” is often misunderstood The meaning of his motto, “You’re one deal away”  Finding purpose by building wealth for future generations And SO much more! Links from the Show BiggerPockets BiggerPockets Podcast Upwork Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Vanta.

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0:24.2

Head to vanta.com slash Spotify to learn more.

0:28.4

Here's the truth about AI.

0:30.7

AI is only as powerful as the platform it's built into.

0:34.3

Service Now puts AI to work for people across your business, removing friction and

0:39.2

frustration for your employees, supercharging productivity for your developers, providing

0:44.6

intelligent tools for your service agents to make customers happier, all built into a single

0:49.6

platform you can use right now. That's why the world works with ServiceNow. Visit ServiceNow.com

0:56.4

slash UK slash AI for people. Welcome to the Bigger Pockets Business Podcast show number 15.

1:05.0

I didn't see the end of the real estate coming. So at that age, at 21, 22, owning a company and doing well, I had everything

1:13.2

I thought I needed. And when that collapsed, so did everything. I went from having everything to

1:19.2

where my car was in repossession. Welcome to a real world MBA from the School of Hard

1:26.7

Knox, where entrepreneurs reveal what it really

1:28.8

takes to make it.

1:30.3

Whether you're already in business or you're on your way there, this show is for you.

1:34.1

This is BiggerPockets Business.

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