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Here is an exercise you can try.
I call it the 40 Hour Real Estate Challenge.
I always tell my students this at my real estate training events and boot camps.
It’s not hard to find a deal. If you think it’s hard to find a deal, then take my 40 Hour Real Estate Challenge.
This is how it works:
Take a seven-day vacation.
Tell your boss you’re taking the week off, and then on Monday morning at 9 a.m., instead of showing up for work, sit down at your computer at home and work from 9 a.m. to 5 p.m.
You need to spend the entire eight hours into looking for a deal. 💻🏠
These are the exact same 8 hours you put in at work every day working for your boss.
Except there is no commute, no getting dressed for work. Just make a coffee and sit down at 9 a.m.
Then do the same thing for the rest of the week on Tuesday, Wednesday, Thursday, and Friday.
Just try it this 40 hour real estate challenge for one week.
Just 5 Days (Monday to Friday).
It will change your life……
If you spend 40 hours a week looking for a deal, calling real estate agents and wholesalers, making offers on properties that are listed on the MLS, and bidding on properties on online auction sites like Hubzu.com and Auction.com.
If at the end of the 40 hours you still can’t find a deal – well then you should probably go into something else!
Because it’s just not that hard to find a good deal if you are spending some time looking for it.
The problem is you don’t have the time. And you don’t know what you are looking for.
That’s the problem. Most people DO NOT know what they are looking for because they don’t know what a deal is.
Or maybe they are simply not understanding the exercise.
Because there’s no way you could spend 40 focused hours looking for a wholesale deal and not find a house that represents a good deal that would make you way more money than working at your 9 to 5 at your job. 🔎🏡
JOB stands for just over broke. Your boss pays you just enough to stop you from quitting.
But in doing so they rob you of the most important thing that you. Your time.
You see if you don’t have the time to look for deals because you are too busy going to work then that’s a big issue.
Let’s say you found just ONE deal? A house that you could flip to an investor like me for say a $10,000 profit.
That $10,000 for the 40 hour work week is a lot more than what your boss is paying you.
And think about it……
No waking up early, no getting ready for work, no getting dressed up, showering and looking presentable.
No dry cleaning. No commute in traffic. No packing lunch.
Just you in your sweat pants sitting at your computer at home looking for deals (on your time when you want to).
But it gets better….
You see you can do this from anywhere in the world. You could be on a cruise, on a plane, or sitting at a Brasserie in Paris.
And you can make way more money for every hour that you work than your boss could ever pay you.
That $10,000 on that one deal might be 10 times more than what your boss is currently paying you at your job.
But yet every day, you show up at work and say good morning boss. What do you need me to do for you today boss?
Isn’t it time you broke that cycle?
Don’t you want to get out of that rat race?
Don’t you want to quit your job?
How about you learn how to make money yourself without needing a boss or a job.
The way to do this is by developing specialized skill sets.
In this case—finding a bank-owned property at a huge discount to market value that you could flip to another investor for a $10,000 profit. You see if you have no skill sets then you are an Uber driver making $15 an hour. And your job is slowly disappearing.
If you work in an office maybe you make $25 an hour or $30 an hour but AI is coming for your job too.
Even if you make over $100,000 per year you are replaceable.
But if you knew how to find and bid on a bank-owned property and you could flip that property it for a $10,000 profit without using any of your own cash…….
Then that works out to be $250 an hour.
This is assuming it took you the entire 40 hour week to find that deal.
But what if you found the deal in only 2 hours?
Then you would be making $5,000 an hour.
That’s the difference that specialized knowledge will give you.
You could make 100 times the money in a fraction of the time. 💰🏠
But first, you have to develop the specialized knowledge and skills that allow you to find and locate a deal, recognize that it’s a deal, know what to offer, bid on it, and have the confidence to sign that purchase contract and flip it to someone for a profit. Or keep it as a rental or fix and flip. It all starts with knowing how to find a deal.
That is the skill set that is very valuable.
Understand this. You don’t possess that skill set. That’s why you are still working at your job feeling overworked and underpaid. Now I am not recommending that you quit your job. But I am recommending that you acquire a new skill set that could pay you way more than what your job is paying you.
If you want to learn how to make exponentially more money, then you need to learn how to find, bid on, and buy bank owned properties. And learn how to fix and flip, fix and rent or wholesale these properties to other investors.
In this economy, where everyone’s job is at risk (including yours)…..
you cannot afford to not develop new skill sets that can make you money in any economy.
And the type of economy we are heading into (recession) is the one where investors who know how to make money from foreclosures, short sales and bank owned properties can make millions of dollars.
If you want to be that person then you need to LEARN how to find foreclosures, short sales and bank owned homes for 50 cents on the dollar. You need to learn how to bid on online auction sites like Hubzu.com and Auction.com.
You need to learn how to buy HUD Homes, Fannie Mae Homes and Freddie Mac Homes.
And you need to learn how to flip these properties without using ANY of your own cash.
That’s what I am going to be teaching this weekend at the Bank-Owned Properties Boot Camp.
Friday September 25 to Sunday September 27. Three full days of me teaching my students (9 a.m. to 6 p.m. all 3 days).
I will be at the boot camp.
My students making millions of dollars will be at the boot camp too.
The question is will YOU be there?
This is where you get to [Insert your excuse here about why this won’t work for you or why you can’t attend this weekend]
Or is is that you love your job so much, love the commute, love your boss and feel like you are overpaid for what you do?
The clock is ticking. Your most valuable asset is time. And every day that goes by, that time is ticking away!
It’s time to get off the fence and do something to change your life. Stop procrastinating. Stop with the paralysis analysis.
Make a decision to join us this weekend, Friday, September 25 to Sunday, September 27
Make a decision to do something to change your life. Let me help you.
All you have to do is be coachable, able to listen and willing to learn
If we still have seats left, grab a seat at the link below 👇
www.bankownedpropertiesbootcamp.com
📞 Or call my office at (561) 948-2127 to see if there are any preview seats left.