054: The First Thing of Any Good Deal is How to Find a Good One

Dec 4, 2018

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It doesn’t matter whether you’re looking for multifamily, apartment buildings, single-family, town homes, duplexes, or land deals. If you become good at finding discounted properties, you will quickly become a multi-millionaire.

Wholesaling is the art of consistently finding discounted deals. Tom Krol should know. He’s the “King of Wholesale” and teaches others how to be successful in the wholesaling business.

Topics on Today’s Episode:

Wholesaling isn’t complicated, it’s easy; don’t need to know about real estate
Anyone can do wholesaling, just need focus, simple instructions, and clarity
3 Things to Choose From a Wholesale Deal: Speed, price, and convenience
Coaching is to get someone to push you and help you gain confidence
An overnight success is someone who work hard, persevered, and was determined to make it happen
Instruction is key with wholesaling; results are your education
Give back based on what you’ve done and learned to prevent others from making the same mistakes
Be passionate about succeeding or die trying; when you want something badly, you’ll do what it takes to make it happen
3 Elements of Belief: Trust coach/mentor, trust the program, and trust yourself
Be open minded and intentional for things to come that will change your life
Have a business that is servant to you, instead of a job that you serve - put a cap on your financial aspirations; is anyone happy with money and nothing to do?

Links and Resources Mentioned:

Quotes:

“The first thing of any good deal is how to find a good one.” Corey Peterson

“Wholesaling is the art of consistently finding discounted deals.” Tom Krol

“What we lack in smarts and booksmarts, you make up for on sweat equity. That’s the secret to everything - work hard.” Tom Krol

“To have a business that is a servant to you, instead of a job that you serve, the #1 way to create that is to put a cap on your financial aspirations.” Tom Krol

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