Wholesaling Houses Full Time
This is a continuation of the Flip2Freedom podcast with Sean Terry. In this episode, Sean interviews Robinson Aries and finds out how wholesaling took him from bankruptcy to making bank.
Robinson: Can you imagine that? It was $25,000. So, now I have it. $25,000 back in my pocket plus the money that I invested. Now, I have $50,000. So, I bought my next property for $34,000. I put $10,000 in the rehab and sold it for $80,000. I made a profit of about $35,000 on that one. But you see how I was going now. I was going.
Sean: You were crushing.
Robinson: Exactly. So, my fourth property was an owner property. I bought it for $40,000. I put $7,000 in rehab and I sold it for $80,000. It was crazy and I’m only talking about HUD. Since then, everything else changed in my life. I feel so confident of what I’m doing right now. After I lost my property, I was able to buy another property, cash. After losing everything, I was able to have a property now, that I have paid off. I don’t have a mortgage. I can take care of my family because that was the only thing I never lost – my family.
Sean: So you went from bankruptcy, to listening to a webinar, to now being able to make over $100,000 plus flipping these HUD homes, and now it’s just put you on a whole different path of life than you were 12 months ago.
Robinson: That’s right. It’s only about what’s in your mind. I was in a situation where I was losing everything. All my money, my houses, my properties. I lost everything. So, I said “I’ve got nothing to lose. At this point I’ve got to do something and I’ve got to do something quickly.” And that’s what I did. I started thinking, searching and educating myself. You’ve got to take action.
Sean: And you took fast action. I was doing the webinar and you were on the other screen bidding on houses.
Robinson: That’s right because I’ve been there. I’ve been slow before. Now, I realize that you’ve got to take action. No matter what. Do it. Then things are going to come together. You are going fix it. You are going to learn the process. You have to do it, because you’re not going to learn only watching or only going to a seminar or buying a book or a program, if you don’t do anything, if you don’t apply. My next advice to all the students is, you have to go out there and do it. You want to get properties? You have to do the research first. You have to create equity. Even some of the HUD properties have room for that. But you know what I do? I put in an offer. I put an offer that I feel is probably going to make more money for myself, and say “This property is a little bit tight on price. I’m going to put on 50%.” You never know. I got a property at 60%.
Sean: You never know. I’ve got some weird properties.
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