This content was created by Steve D Valentine. This content was uploaded by Steve D Valentine. This is a YouTube video titled "wholesale to flipping to keeping! #realestate #realestateinvesting #realestateagent #wholesale #tips" featuring Steve D Valentine sharing a personal story about teaching a friend real estate investing, transitioning from wholesale to flipping, and eventually keeping properties. The narrative includes personal experiences and strategies in real estate investment.
Chapters
Actually taught one of my very good friends that, you know, he had gotten out of real estate. He went to rehab. He had a really hard time in his life. And then he came back, and I remember standing there at Christmas time, and he's like, I think I'm gonna get my insurance license. Like, that's stupid. My dad showed me this wholesale thing. You'd be really good at it because, you know real estate. And I taught him what to do, and next thing you know, he is, like, pounding the phones. I mean, back then, it wasn't nearly as cutthroat as is now, but he was going to town. Like, we were picking up 10 deals a month, and I had enough investors to partner with to buy this and buy this. And we were moving things around. And then as we started flipping things, we're like, hey, I told Wendy. I'm like, we need to start keeping. Like, this is really important because we're doing all this work. We're getting 10,000 or $20,000 in profit, and there's more to it than this, right? We got to pay taxes and all that stuff, right? And so our goal is to keep one a quarter. And next thing you know, it got a little bit addicting because I'm like, okay, I got money from the investors. I can refinance. It's not really cost me any money. So next thing you know, we're like, I don't know, 50 properties deep.