Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

17 Deals in 12 Months: How This Beginner Did It - Brent Daniels, Demola

9 snips
Jan 14, 2025
Demola Olomu, an Indianapolis-based real estate investor, shares his incredible journey of closing 17 deals in just 12 months, netting over $146K. He discusses the transformation from a beginner to a successful wholesaler, emphasizing the critical role of lead generation and consistent communication. Demola recounts how a pivotal $34,000 deal changed his trajectory and outlines strategies for scaling a business with cold callers. He also dives into the importance of community support and finding balance with social media as an aspiring entrepreneur.
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ANECDOTE

First Deal

  • Damola Olomu started wholesaling in 2022 after finding real estate influencers online.
  • His first deal involved a piece of land bought for $4,700, initially sold for $2,500, then resold for $6,500.
INSIGHT

Wholesaling Challenges

  • Wholesaling is a simple concept but not easy, especially lead generation.
  • Consistency is key for generating leads.
ADVICE

Daily Schedule

  • Damola Olomu cold calls from 8 AM to noon daily.
  • He makes calls at 7:59 AM.
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