Mcklane Bobbitt, a Texas-based real estate investor, shares his inspiring journey from being $400 in the hole to generating over $380,000 in his first year. He candidly discusses his leap from a corporate job during the pandemic to real estate, revealing the challenges he faced and the valuable lessons learned in wholesaling and curative title work. Mcklane also dives into unconventional marketing strategies, like using pizzas to connect with leads, and reflects on the importance of community support and mentorship in building a successful business.
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question_answer ANECDOTE
Fertility Treatment Sparks Hustle
Mcklane Bobbitt was motivated by a fertility consultation costing $20,000, which he felt compelled to afford through wholesaling deals.
This personal challenge sparked his first wholesale deal success, deeply accelerating his career pivot.
insights INSIGHT
Curative Title Niche Profits
Buying tax-delinquent properties with messy titles is a profitable niche that requires persistence.
Success comes from finding sellers often behind on taxes with multiple property holdings.
volunteer_activism ADVICE
Professional Bookkeeping Importance
Employ a good bookkeeper and CPA early to avoid costly tax mistakes.
Use the Profit First method and seek proper business structure advice to keep finances healthy.
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Mcklane Bobbitt is a driven real estate investor from Texas whose entrepreneurial journey is a testament to grit, determination, and smart strategy. Starting with just negative $400 in his bank account, Mcklane managed to generate over $380,000 in revenue during his very first full year as a self-taught wholesaler. His motivation sparked after binge-listening to RJ Bates’ podcast, which inspired him to dive headfirst into the world of real estate investing with limited resources — armed only with a bootleg $200 course and relentless determination. His very first deal was a handshake agreement that earned him $4,500, marking the start of what would become an impressive career.Mcklane made a bold choice to leave behind a promising corporate job that paid $150,000 annually in the midst of the pandemic, a time when uncertainty was at its peak. Despite the challenges posed by shutdowns and real estate restrictions, he adapted quickly, shifting to remote wholesaling and learning firsthand about complex title issues and curative work, which many might have seen as setbacks but which he turned into valuable niche expertise.Throughout his journey, Mcklane was fortunate to have a strong support system — from his wife and in-laws to mentors who provided guidance and encouragement along the way. He steadily scaled his business by flipping houses and hiring virtual assistants, learning how to manage a team remotely and take on leadership responsibilities that extended far beyond just making deals. His financial acumen played a crucial role in his success; Mcklane embraced good bookkeeping practices, implemented the Profit First method, and sought out the right CPA to keep his business financially healthy and prevent costly mistakes.Beyond just the numbers, Mcklane’s story includes personal milestones that reflect his hard work and focus — like buying his first brand-new car with only five miles on it, a symbol of the success he achieved through persistence. He also developed efficient systems and processes that allowed him to streamline his operations and close bigger deals, including a pivotal $50,000 transaction that validated his approach and boosted his confidence.Mcklane’s journey is a powerful example of how resilience, discipline, and relentless execution can transform seemingly impossible circumstances into a thriving business. His story inspires anyone looking to break free from the traditional 9-to-5 grind or scale their own real estate venture by showing that with the right mindset and tools, extraordinary success is possible even in the face of adversity.Want to learn how we get the most profitable deals out there? Get the free Ebook by clicking the link below:https://dpasummit.com/ebook
Dirty Deeds