Wholesaling Inc with Brent Daniels WIP 1961: He Cut From $4M to $1.5M… and Built a WAY More Profitable Business
In this episode, Adam Whitney joins the show to share his incredible journey from running a massive, high-overhead wholesaling operation to running a lean, highly profitable flipping business.
Learn how Adam transitioned from a $4 million top-line year to focusing purely on net margin, achieving a massive 40% profitability with a small virtual team.
Tune in to learn how to scale back your overhead and supercharge your real estate profits! Be a part of the TTP training program now.
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Show notes:
- (0:00) Beginning of today’s episode
- (1:16) Why scaling marketing doesn't always equal making more money
- (5:05) How military conditioning translates to real estate success
- (8:52) Expanding exit strategies and the hidden goldmine of mobile homes
- (11:05) The 3 most motivated lists: Foreclosures, Probates, and Inheritance
- (16:17) The sniper approach to direct mail and addressing the problem directly
- (21:48) Raising private money: The 21 questions to ask potential lenders
- (25:40) Outsourcing your flips and rehabs to Offerpad Renovate
- (27:29) The "stupid tax" of flipping without construction experience
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Resources:
- Offerpad Renovate
- Working Capital Pros
- ForeWarn
- Skip Genie
- Open Letter Marketing
- Kiavi
- NetWorth Realty
- BatchLeads
- PropStream
- Adam Whitney on Instagram: @officialadamwhitney
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.
It's 100% free to join. The opportunities in this community are endless, what are you waiting for?