Two real estate pros map out how to make fast cash in 30 days before a summit in Dallas. They weigh wholesaling, bird dogging, underwriting, and transaction coordinating to find what works fastest with existing skills and connections.
I need cash fast. Alright, so let's take a look at this. I need to assess my fastest route to cash. What are the skill sets that I have within the context of real estate that will allow me to generate income immediately?
Now is not the time for me to start experimenting. So the things that I'm not good at or I haven't tried yet, those need to get crossed off the list immediately.
First thing that goes wholesaling. I've never wholesaled a deal. I'm not going to start trying now. Bird dogging. I don't have time to be a bird dog. I have to create immediate value and it's really not an effective use of my time based upon my skill sets. Underwriting. I underwrite all the time, but I've never monetized it. Now's not the time for me to create a new business model. I need to tap into the resources I have, each immediately because I need cash fast and I need it today.
So I actually had a call last night about a TC deal. So I TC'd over 100 transactions last year, but I no longer do TC work because I just don't have the time or bandwidth. I got so many of my own deals going on that I couldn't keep up with other people's deals and at.
The end of the day it wasn't.
The most effective use of my time.
So should I entertain that the answer is actually yes and no. I don't have the time to be a tc. It is a lot of work. I need to generate cash fast and I need to generate large volumes of cash as quickly as possible. I need to be putting in at least 5k for this trip. You got to think I got to book my hotel flight or got to book my hotel. I got to book my flight, I got have all my food, whatever. Travel, rent a car. Traveling is expensive. I don't have time to be a tc. But what I do have time to do is consult. So I am looking to partner with tcs and consult at the same time. I can jump on a call for a couple hours at a time, give the value and experience that I have from all the hundred transactions that I've done as a TC while also helping a TC close on deals and let them focus on what their core business model is and I can keep moving and keep making more cash.
