WIP 1210: Building a Fortune - The Beginner's Guide to Buying Your First Multi-family Property
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 12 May 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
In this episode, we are joined by a former construction worker turned BIGSHOT real estate investor...Jennings. He is here to teach you how to 2x your returns with multi-family deals. His strategy is designed to provide guidance and strategies for people interested in purchasing their first multi-family property. This guide is intended to help beginners navigate the complexities of the process by providing information on topics such as financing, finding the right property, analyzing potential investments, managing the property, and so much more.
To get started building your own real estate empire, check out the Land Sharks Program now.
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Show notes:
- (0:53) Beginning of today's episode
- (2:48) There's no depreciation in land
- (10:26) You don't need money to become wealthy in real estate
- (16:52) Get comfortable with rejection. You also need to know how to say "no."
- (18:16) Master the skills to make money with other people's money
- (19:14) Money is everywhere. It's up to you how to find them
- (20:28) Be bold when it comes to showing your opportunities
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Resources:
- Jennings Smith’s website
- Follow Jennings on Instagram here
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.
It's 100% free to join. The opportunities in this community are endless, what are you waiting for?
Transcript
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| 0:00.0 | You're listening to wholesaling ink episode number 1,210 that's the biggest |
| 0:04.9 | objection is I don't have the money. You don't need money, right? I have bought |
| 0:10.7 | a thousand units with no money. Okay, believe it or not, I've bought it with no |
| 0:15.6 | money. All right, Ryan O'Nation Jennings just said it. I heard him. You don't need |
| 0:20.0 | money to become wealthy in real estate. I just added to become wealthy part, but you |
| 0:24.5 | don't need money to get started. |
| 0:26.2 | This is game-changing information guaranteed to raise your real estate wholesaling business |
| 0:31.3 | with actionable steps you can take immediately to navigate the ins and outs of wholesaling |
| 0:36.4 | and start making money today. Join us as we put our guests in the hot seat and dive deep to |
| 0:42.2 | dissect their strategies for success to enable you to duplicate their results. |
| 0:46.8 | You're listening to wholesaling ink. The only show dedicated to making you a fortune in wholesaling. |
| 0:53.4 | Welcome to the wholesaling podcast. I am your host today, Brent Bowers, the Landman, and today |
| 1:01.2 | I have a little bit different of an episode for you today. Usually I'm talking to land investors, |
| 1:06.8 | students that have crushed it in land, land sharks that have crushed it in land, and today |
| 1:11.2 | I'm interviewing Jennings. He has done incredible with commercial. Most of his deals have been |
| 1:18.3 | multi-family. Today I'm going to get him to walk through his first deal, how he was able to line |
| 1:23.8 | up the lenders, how he was able to get over the rejection, and really how he came from construction, |
| 1:30.2 | and how he used to have to go and buy peepholes. Those small little holes that you put in doors |
| 1:36.4 | for people to see through, and it got so bad where he had to go out at nighttime and install |
| 1:42.0 | several of those each night just to make 80 bucks to make ends meet. I hope you enjoy this episode |
| 1:46.6 | today. I hope you find some value from it, and you get some perseverance, and you see what Rhino |
| 1:51.1 | Nations all about. This guy is an absolute Rhino, even though he didn't even realize it until he |
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