Real estate investors love to talk about their successes, but most refuse to talk about their failed deals. On today’s show, we hit both of those points hard when we sit down with Sam Craven to talk about how his wholesaling business generates hundreds of thousands of dollars each month in revenue — and the mistakes that led to him losing over $750,000 from his rehabbing business. You’ll also discover the exact strategies Sam is using to fill his deal pipeline, plus advice for those of you who are just starting on your real estate journeys.
In This Episode We Cover:Who Sam Craven is and how got started investing six years agoFiguring out your one thingHow Sam lost 3-quarters-of-a-million dollarsFocusing on what you are really good atHow Sam’s business has evolvedWhy he spent $1 million for marketing in a yearDo you need to get your real estate license?Direct-mail marketing and other paid marketingsGrowing by acquisitionWhat does wholesaling mean to you?Having a closed group of buyers listHow Sam motivates himself to keep goingAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 033: How to Close 27 Deals in Your First Year While Working Full Time with Sam CravenBiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam CravenGrowth ConBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanZillowRealtorBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris VossBooks Mentioned in this ShowSet for Life by Scott TrenchLong-Distance Real Estate Investing by David GreeneThe Miracle Morning by Hal ElrodNever Split the Difference by Chris VossRelentless by Tim GroverFire Round QuestionsWhat is the one thing a wholesaler should know before starting?Best cities to buy multifamilies for buy-and-hold in 2018Tweetable Topics:“Know what you’re good at and know what your end results to be.”(Tweet This!)“You cannot have success without failure.” (Tweet This!)“If your goal and your why is bigger than any other problem you can face, you can overcome anything in the planet.” (Tweet This!)“Systems make your business a business.” (Tweet This!)Connect with SamSam’s BiggerPockets ProfileSam’s Facebook PageSam’s Company Website