When I got started in real estate, I bought a lot of courses. You could even call me a course junkie because I spent so much time buying them and so little time actually doing what they told me to. Justin Wilmot had a similar beginning, and in that way we are kindred spirits. When we started actually doing what the courses told us, our wholesaling businesses started to take off.
A lot of people ask, “Does this course work? Does that course work?”, and sure, they all pretty much work. But, and this is the key part, you have to follow through and do the legwork. Justin’s key turning point was when he invested in a mentor that followed through with him. Having someone he was accountable too, and having invested his last dime in the business, Justin had no excuses and no way to move except forward.
Stop asking “What if?” and start asking “What next?”. Stop making excuses for your inaction and just start working on the business that you’re thinking about.
Justin’s business has grown a lot in the last few years, and he’s learned a lot about finding the best deals. But even the most experienced investor makes mistakes. He opens up on the money he just lost on an emotional purchase, and shares what he learned from it. He talks about his new rule, “Water is gold”, and how that’s currently shaping his wholesaling business.
Justin’s team is essential to his business. He provides the vision, and then he delegates out the work. He never wants to have 100% of the profits so that he can parcel out the work. He’s built his business to serve his life, and not the other way around.
Watch and Learn:
Listen and learn:
- Justin shares how he started in real estate.
- Tools that Justin currently uses to run his virtual wholesaling business.
- We talk about our first mentors and their valuable advice to us.
- Justin opens up about why he just lost $60k in a deal.
- Justin shares his tips and tricks for making his team work together better.
Mentioned in this episode:
- Joe’s Book: REI Secrets
- Apple Podcast Reviews
- Justin of Facebook
- The Freedomaire Podcast
- Justin on Youtube
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