From Tragedy to Broke to $400,000 a Month with Lance Wakefield

From Tragedy to Broke to $400,000 a Month with Lance Wakefield

How does one scale an actual property investing enterprise to tons of of hundreds of in revenue in beneath two years? That’s the subject on at this time’s episode of The BiggerPockets Podcast, the place you’ll hear simply how Lance Wakefield, an actual property wholesaler within the Dallas space, completed that incredible feat. You’ll hear Lance’s highly effective story of hitting all-time low via quite a few tragedies that hit him and the devastation that triggered—however you’ll additionally hear how he went from having simply $three,500 to his identify to incomes over $400,000 in revenue in lower than 18 months. This present is motivating, academic, highly effective, and transferring—so don’t miss a second of it. That is one present you’ll need to bookmark and take heed to over and time and again!

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In This Episode We Cowl:

  • What Lance did earlier than actual property investing
  • How he realized to flip properties on the age of 15
  • The idea of “home hacking” automobile dealerships
  • The life tragedies that led him to lose the whole lot
  • Why silly offers present priceless educating moments
  • The way to obtain large success in simply 21 months
  • Why he teamed up along with his spouse
  • The story behind their first deal
  • What to know in regards to the 2% Rule
  • What you get while you spend $50okay/month on advertising and marketing
  • The way to construct out your processes
  • The way to get hold of the precise mailing listing
  • The software program he makes use of to construct his deal funnel
  • How he determines the wants of the vendor
  • The way to make actual property investing a enterprise
  • What’s subsequent for Lance
  • And SO way more!

Hyperlinks from the Present

Books Talked about on this Present

Hearth Spherical Questions

Tweetable Matters:

  • “It was silly to do as a deal. However as a studying expertise, it was priceless.” (Tweet This!)
  • “Our aim is to fulfill the necessity of the vendor.” (Tweet This!)
  • “When you find yourself not specializing in the income, you might be specializing in the improper factor.” (Tweet This!)
  • “Negotiation is the whole lot. It’s the key to actual property.” (Tweet This!)

Join with Lance


Realt Writer

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