What To Do After Your First Deal In Real Estate Investing 2022

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So pause and think about that for a second. What you’re asking me is, hey, pace the hard work and the energy I put into this taught me a bunch of lessons, I now have proof of concept. I want to now abandon some of the activities that got me to where I’m at, even though now I’m way better at them than I was two months ago, three months ago, etc. How do I abandon them and hire somebody else to do them, bro? Best advice I could give you is I’m trying to figure out what what am I now that I’ve gotten the deal done, and I’ve gotten proof of concept. What are my next steps to get more consistent deal flow going?

Because I’ve been you know, with this transaction, I’ve been kind of wearing all of the hats. In my business. I just want to streamline this in and to get a more consistent process going where I’m not prospecting, locking up contracts, how much my finding buyers, I only made 5000 But I mean, I’ll never say that, bro. Say, bro, I made $5,000 I’ve seen other people get their first deal and literally make like, I actually saw somebody no joke. They got their first deal. You know how much money they made, they lost $200 They actually brought $200 to Close of Escrow because they just wanted to get a deal done. Right?

And proof of concept is worth $200 Sometimes, here’s what I would do. How did you get your first deal, um, SMS followed, I followed the blueprint of zero to hero and I just did SMS, I really didn’t cold call because I really don’t like the cold call. Okay, Dante, what I would do is are you getting enough leads, um, I have I have some I have leads that I haven’t even followed up with because it’s just, you know, all of my time kind of went to this deal that I just got closed.

So it’s like I’m pulling my my time from prospecting and following up with leads. And and I had to focus on this deal and finding a buyer look, thankfully, George Edwards, who was nice enough to pull a list for me off prop stream, and I found my buyer off of that list that he sent me. He skipped a skip trace it for me and everything. Amazing. Good work, bro. So last night, I met this meetup in Utah. Okay, a couple of young kids 19 years old, all of them are immigrants.

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Like literally like first generation immigrants. I think the two kids came from Ghana. And then the other dude literally came from Nepal. Like, where they they like climb Mount Everest is like the highest paid employee in Nepal. Right, crazy. So refugees rot, Rob was there last night, and they come in, they were doing a bunch of deals. And you know what they did? They started spending they made 110 grand in like three months. And then they started spending their money on like EECOM stores and other stupid stuff. And they stopped doing the activities that got them to where they were they wanted to scale too fast.

Hmm. And so what they did is like yes, I got a deal. Now I’ve got some money. How do I spend this money to never do the things that got me to where I am. So pause and think about that for a second. What you’re asking me is, hey, paste the hard work and the energy I put into this taught me a bunch of lessons, I now have proof of concept. I want to now abandoned some of the activities that got me to where I’m at even though now I’m way better at them than I was two months ago, three months ago, etc. How do I abandon them and hire somebody else to do them bro. Best advice I could give you is keep doing what you’re doing.

You’re better at it than you were two months ago. Right? Somebody goes to the gym and they go I want to get a chiseled chest and I want to get abs the second they start seeing results. They go hey, how do I automate this so I don’t have to keep doing this I can continue to see the results that’s what you’re asking me. I get that. Okay, your money that you have right now this what I want you to do I want you to take 20% of it pay it to the taxes don’t pay it to taxes just put it aside account right it’s my goal for you this year Dante would be for you to get an Airbnb or something that you can use to depreciate that income that’s actually what I know you talked about in another zoom about knowing what you want and I want to get an Airbnb this get one get one guys like so many.

You know I’m Dave Ramsey had a really good posts the other day is a really really good post. His post was talking about the people that are like, get rich quick and you know, swipe up and you’re going to be a multi millionaire really, really really quick. Well, first off, Dante, you just got your first deal. I understand you haven’t made millions of dollars here but do you do you agree that you’ve made millions of dollars in education that you will make you a ton of money in the future? Oh, yeah, for sure. You’re a changed person. You’re not even this bro.