I’ll start by wishing everyone a Happy New Year and hope you are all having a great day. This is my first blog post so I’d like to tell you a little about what to expect. I decided to write this for women Real Estate Wholesalers and women wanting to become Wholesalers. I also want to be able to give all women an opportunity to see other aspects of the wholesaling business as well as the mindset needed to handle the challenges you will probably encounter along the way. So I’d like to share how I got started in this business many years ago and some of the challenges I’ve had during my journey to become a successful wholesaler.
I got started on renovating mobile homes right after I got out of high school. My best friend lived in a mobile home park and one day the park manager came by as we were talking and told us he had a mobile home that had been abandoned by the owners and needed a lot of work and he wished he could find someone that could fix it up. My friend and I looked at each other and said we’d do it. We bought the mobile home for $200 and set out to remove and replace the carpet, replaced some paneling, changed the plumbing, refinished the cabinets in the kitchen and we even painted the exterior. Pretty good for two girls who really had no idea what we were doing. We then sold it with owner financing for $2,500. Not much when you think of what new ones sell for today. But, it was a small single wide mobile home. After that we renovated seven more mobile homes in the park and selling them on owner finance as well. It was so much fun, but once we were done and the park was full the manager sold the park to someone else. In reality he was wholesaling the whole park. But, of course we didn’t know what that was, we just knew we just knew our little business was coming to an end and we both went our separate ways.
A few years later I was working as a graphic artist for a textbook publishing company in an town. We normally only updated science textbook for the university but one day they gave me a book by an outside author titled, “How I Turned $1,000 into 3 Million Dollars in Real Estate in My Spare Time With No Money Down.” I had to read every word of the book and was mesmerized with the idea that maybe a regular person could buy properties and either rent them out or sell them to someone else and make a living doing it. Not long afterward the company downsized and I was laid off. I couldn’t stop thinking about the book and the thought that I might be able to buy property and build some kind of passive income with Real Estate. So I began calling the only people I knew to find out how to get into Real Estate and the answer I always go was that you had to become a Real Estate Agent. So, I called every Real Estate Broker I could find and was told they wouldn’t fire me because I was only 20 and you had to be 21 to become an agent. I called 49 companies and finally with the 50th call, the broker said he would hire and train me but I couldn’t get my license until I was 21. I was so excited I ran home and told my parents about my new endeavor and found that they were completely against it. But, to make things worse I felt terrible because I knew my parents didn’t approve of what I wanted. I felt even worse because I had no clue if what I was trying to do was something that I could really make a good living at or if I was just dreaming. I felt like a failure because my parents kept telling me over and over that I was a dreamer and I wouldn’t amount to anything if I didn’t just get a job like normal people do.
You see, they were both factory workers and believed that the only way to live your life was by getting a job in a local factory and working there and not dreaming about anything as outlandish as buying properties. I was crushed and I felt like my heart had been ripped out. It had such an impact on me and hurt me to the core. But, I kept going and worked hard to pass the exam and get my license.
The problem was that after finally becoming a Realtor and making consistent sales for a long time my parents kept telling me I would fail and that I needed to get a “real” job, unfortunately the market shifted and soon there was a recession. After a while I couldn’t find sellers or properties to list and the interest rates got really high making it even harder to make a living so reluctantly I left real estate and got a “regular” job and I hated every minute of it. But, my parents were so happy and quit making those hateful statements. After many years of working at jobs I hated and still dreaming of a real estate career buying properties I finally had enough of letting others control my life and have my dreams and my life pass me by, I got into a real funk and super depressed for a long time.
Then, as if by chance, something amazing happened….
That’s when I talked to my uncle and he told me he had been buying properties for years and making money doing something called “Wholesaling” and how I could actually make money in real estate even though I didn’t have a lot of money and more importantly, I realized that if my uncle could make money then it must be real!
It was now crystal clear to me how to stop worrying about the Big Picture and what my parents thought and start working on my goals, because I saw I could learn from others and then do this on my own without leaving my 9–5 job right now. I also leaned that you DON’T have to have a ton of money to get into Wholesaling Real Estate, you need to stop listening to others tell you what they think is true and find out for yourself instead.
As a result, I found several programs and mentors with my uncle’s help, who worked with me to learn the business and coach me until I felt I could move forward on my own. After I did that, I started to get deals, a few at first and later I was consistently getting deals and also building up my self-confidence.
Suddenly I was making enough money to cover my regular monthly income and then some and it just got better and better. I loved it. That’s when I realized the secret of getting into investing in Real Estate was to start learning how to wholesale houses and then get into more advanced things like buying properties for myself.
My plan was to start learning as much as I could about one strategy and then learn another until I felt I knew enough to handle any situation that came up in that area. So, I started learning one strategy and documenting what I learned and situations that I had to work through. But, I didn’t stop there. I then began finding other people who could teach me more about different strategies and market conditions. After that, I worked long hours trying to learn about each strategy to develop a process for finding more sellers than my competition.
But, there was still a problem…I still had to deal with the false beliefs from my parents and other family members. Those beliefs that weren’t my beliefs but theirs. My parents both were very much against people who had money or should I say, people who weren’t blue collar workers. They didn’t like people who had money no matter where it came from and they had always be very vocal about their dislike for rich people. I was very hesitant to step out of my 9–5 job to do what I loved so much. I kept having to work through the negative thoughts I had reassure myself that I could do this business.
I ended up getting so frustrated and one day realized that if I was this torn and felt bad because of my parents beliefs and feelings there were probably others who had to deal with that too. I also began to realize that there were others who wanted a great life but didn’t know where to turn for guidance and learning so I took my frustration and turned it into a way to help others. I decided to take things I had learned and teach them to other women and help them learn the various aspects of the business but also help them to deal with the inner conflicts as I had.
I started my program and called it “Women Wholesaling To Freedom” and thought if I could create something that would make it possible to help women believe in themselves and build a successful business, I would be really happy. After years of learning all I could about the business and also how my thought processes worked I could start helping others through the Women Wholesaling To Freedom program.
I can now teach others how to handle almost every situation that comes up from beginning to becoming a successful wholesaler and help them fulfill their dreams and take their business to the next level.
As a result of all of this I was able to not only help women use the exact process I did and build a great part-time or full-time business. But, in the process I learned so much more about the business and about who I am.
After creating Women Wholesaling To Freedom, I was not only able to work through almost any situation that came up in Real Estate and help others to get through any situation that came up to get through the challenges as well, I’ve also been able to stop spending so much time working with only a few people, because we can use the Internet to help so many more people.
And in the end, all of this means I’m now able to help a lot more people achieve their dreams of success and fulfillment as Real Estate Wholesalers and business owners.
Now that I have told you my story, I am really excited about helping you develop your own story, learning more about the wholesaling business and helping you to build confidence and success in your new endeavor. Thanks for reading this, I look forward to our journey together.