Everyone knows it’s tough to find deals in today’s real estate market — but somehow our guest today, Tom Krol, didn’t get that memo! In his first 18 months, Tom closed over one hundred wholesale dealsand has continued to dominate his market. In this explosive and highly entertaining episode, Tom goes into incredible detail on the exact methods he used to build out a highly automated real estate acquisition machine. And don’t miss the in-depth discussion on nine specific lists that Tom mails to; it just might change your business forever. Hang on tight — this show is about to rock your world!
In This Episode We Cover:How Tom got started in real estateWhy he had to sell his golf cartThe biggest mistakes he made when starting outHow he closed 100 deals in the first 18 monthsThe attitude successful wholesalers haveHow to avoid “shiny object syndrome“How he finds real estate dealsWhat “the list” isWhat a motivated seller really looks likeTips for buying owner-occupied dealsHow Tom became successful in this kind of investingWhat you should know about “the rule of 5“Tips for using a virtual assistantWhy the money is in the databaseHow much he spends on direct mailHow many mailings per month he sends outA discussion on bandit signsHow to get comfortable with making mistakesHow many hours he works per weekAnd SO much more!Links from the ShowBiggerPockets CalculatorsAmazon EchoPodioCraigslistListSourceBRRRR StrategyUpworkDreaming of That 4-Hour Work Week? This App Will Help You Get There! (Blog Post)FindMotivatedSellersNow.comBP Podcast 151: Finding Your “Freedom Number” with Clayton MorrisBP Podcast 173: Flipping 100+ Houses in an Expensive, Competitive Market with Steve JonesBooks Mentioned in this ShowThe ONE Thing by Gary KellerGetting Things Done by David AllenThe Millionaire Real Estate Investor by Gary KellerThe 4-Hour Workweek by Timothy FerrissThe Four Spiritual Laws of Prosperity by Edwene GainesTraction by Gino WickmanTweetable Topics:“Progress not perfection.” (Tweet This!)“Imperfect action instead of perfect planning.” (Tweet This!)“Every single real estate deal, no matter what you do, starts with a good deal.” (Tweet This!)“You’re going to make mistakes whether you have 4 years of education in real estate or none.” (Tweet This!)Connect with TomTom’s BiggerPockets ProfileTom’s Company Profile