How Long Does It Take To Make $39,950 | Wholesale Real Estate

Today I'm going to be going over exactly how long it should take you to start making money wholesaling real estate if you get started right now today. Now, I know exactly what I'm talking about because I have taught hundreds of people how to go from zero to closing their first deal. I have students who are now making upwards of over $100,000 a single month from wholesaling real estate, and I myself have done hundreds of deals all across the country. Okay. If you're new here, my name is Tyson Smith and I am here to be your guide on how to get started in this world of real estate. And I'm going to show you exactly what to do. But the first thing you probably want to understand is, well, if I go all into this, how long is it going to take me to start actually making money? That's a great question. The short answer of it all is, with my help, it should take you about 40 hours. Now, I can't guarantee this, um, because it completely depends on you and if you actually do the work. But what I can tell you is I can go through the numbers of an actual case study of somebody I actually showed how to wholesale real estate, which I'm going to show you in this long answer right here, who ended up closing a deal for $39,950 in profit. Okay, now this is the actual numbers of this person. Now before we get into these actual numbers, I want you to understand that this person was working part-time at wholesaling real estate, okay? Not even able to dedicate every single hour of the day. She had an extra full-time job, and this is the extra time that she put in to, you know, wholesaling real estate. Now, as you can see here, she made a total of 702 phone calls. Okay, just in perspective right now, because you might be like, oh wow, 702 phone calls. Well, if you make $39,950 after that, you are making $57 every single time you rung the phone. I want to ask you right now, you knew that every single time you made a phone call, you just dial the number. It doesn't matter if they pick up or not. You were going to make $57. I wouldn't be able to get you off the phone, would I? Well, that's the attitude you need to have when you're getting into this. But of those 702 phone calls, she had 57 quality conversations. Now, a quality conversation we designate as actually made it through our sales script. Now, if you don't know the sales process, I have many videos on it you can find on my channel where I teach you the exact 4 questions we ask on every single call. But basically, of those 702 people, 57 of them she was able to ask the 4 questions to. This took her 2,525 minutes. Now, I want to be clear here. This is not 2,525 minutes on the phone. I asked this person to just self-report how many hours she spent working, and this is what it came out to over the course of about 3 months. Okay, she spent 2,525 minutes, which if you divide that by 60 is just over 40 hours. It's actually 42 hours that she actually spent on wholesaling real estate to get this first deal. Okay, from those 57 conversations, As you can see, there were actually 28 offers made. And from those 28 offers, she got her first contract. Now, these numbers get compressed very big as you start doing more deals, right? Because once you close your first deal, you need to understand that a lot of this time is spent learning how to actually have these conversations, how to ask the questions, how to make offers, when to do the follow-ups, things like that. And then also, once you've done this one time, once you've closed that first deal, it makes closing your second, third, fourth, fifth, sixth, seventh, eighth, ninth, tenth deals so much easier because you have all that experience. Plus, when you have something like $40,000, you you can put on some other kinds of marketing, not just making cold calls yourself, that's when you can really start knocking down the deals left and right. Okay. But just some other important metrics to look at is for every 12 dials she made, she had an actual conversation. So yes, not everybody's going to pick up the phone, right? It took her 12 times of calling, calling different people until you got somebody actually on the phone. That's normal. Okay. Every 2 conversations, she actually ended up analyzing the deal. It was somebody that was worthy of getting an offer. Um, it took her 28 offers to get that contract. Then this other stuff—dials per hour, time and underwriting, timed offers—that doesn't matter. What's more important is you understand that it took her 42 hours of wholesaling real estate to close a deal worth almost $40,000. One full work week for the average worker, okay? If you knew instead of going to work on Monday that you instead could dedicate to this, and at the end of it you'd end up with $40,000 Would that be more or less than you would make at that workday during your 9 to 5? Unless you're making $160,000 a month, I'm assuming it would be more. Now, I'm not saying that you're guaranteed to close a $40,000 deal putting in 40 hours. That's not the way it is, right? They— these things are all over the place. Could have ended up only closing a $5,000 deal. It could have been a $100,000 deal. My average deal size is about $19,567, though. So you should know that with the right help, with the right plan, and with somebody to go ahead and guide you on exactly what to do, you should be expected to close the deal within 40 hours of actually putting in the work. Now, putting in the work is not designing a website, coming up with your company name, fucking writing emails, making business cards. No, putting in the work is calling people, asking if they'd be interested in selling their house, and making them cash offers. If you can do that for 40 hours, broken up over however many times— again, this person could only work part-time. They have a full-ass 9-to-5 job. Okay. They're not going to for very long because, you know, once you start closing deals like this, obviously you're like, oh shit, what am I wasting my time over here for? But putting in the work part-time when they could on the weekends, in the evenings after work, they were able to go ahead and do this. Okay. So this is what you should expect. All right. If you can make 700 calls and when people answer, you go ahead, you ask them if they want to sell, you make them an offer based on our process. Again, I have videos all on that. But that is what you should expect to be able to close your first deal with the right plan, with the right guidance, and with somebody to hold you accountable to certain KPIs like we do in my Inner Circle, okay? So if you wanna fast-track your way to success and start getting results like this, right? Go ahead, hit the link down below and apply to join the Inner Circle. That is where we are gonna help you build a plan specifically for yourself to go ahead and pick a market, start generating leads, calling those people, learn exactly the sales process you need to to actually close those leads, get access to a full-time underwriter who will tell you what to offer people. So you don't even have to— like, well, we are going to show you how to actually learn how to, you know, calculate your ARV and MAO. But in my Inner Circle, we do the underwriting for you. We literally will tell you what to offer people, what repairs are, what the MAO is, what your ARV is, and much, much more. Okay, so if you think you might be on the fence or you know for a fact the Inner Circle is right for you, either way, I encourage you to hit the link below and apply. With that being said, guys, if you have any other questions about different videos I can make to help you in your wholesaling or your real estate journey, please leave them in the comments below. And if you got value from this video, I'd appreciate if you gave it a thumbs up. And if you haven't already, please subscribe to the channel. Appreciate y'all. We'll see you on the next one.