Wholesaling Real Estate Step By Step
This is a continuation of “The Great Escape” interview with Eric Thiele. Eric is working with Sean Terry and Flip2Freedom.com to learn how to start up a successful wholesaling business. In this section, Sean and Eric discuss joining a real estate investment club and the information you can obtain in doing so.
Sean: Once you’ve got that cash transaction report and all of that, and we see that, now I don’t know if they’ll be multi-countywide that this cash transaction, or we’ll do surrounding Austin and maybe 0 to 20-mile radius around there and pull all the cash transactions. But, is Austin broken up into multiple different counties? Or is there a prize of, Travis County, I think it is, who is just the . . .
Eric: Yeah, Travis is pretty much it. There are outlying areas that are other counties, but the MOS has, I don’t know, 80 different groupings but primarily it’s Travis County. I mean, that’s the one that everyone aims at.
Sean: Okay. Perfect. Yeah, similar to here too. I mean, I don’t even focus on any other counties. I just focus on Maricopa County because that’s where most of the volume happens and where most of the buyers are looking for.
Now, for real estate investment clubs. When are those happening, do you know?
Eric: The big club in Austin meets once a month and that was last Thursday, and I’m here in Chicago, so I couldn’t attend. But I did join, and I’m going to . . .
Eric: . . .start asking questions on their discussion board. You know, in terms of, hey, how about title companies, how about . . .
Eric: . . . real estate attorneys? I probably ought to have one of those. . .
Eric: . . .In Austin.
Sean: So, that’s phenomenal in a week’s time to be able to gather that information, to gather data. I commend you, great job, awesome. That’s good. That is more than the average person would to be able to accomplish. Okay. So . . .
Eric: Well, I take it as a sign of just how much I want to get out of the situation I’m in.
Sean: Yeah, yeah. And it’s great.
Eric: But really, that’s how motivated I am.
Sean: That’s awesome. And it’s funny because this whole putting you on the spot thing almost is like, there’s two types of motivation. There’s the motivation where you’re motivated because you have to, like you’ve got a gun to your head, and then there’s the motivation where you’re inspired, but you’ve got both, right? You’ve got the . . .
Sean: . . .gun to your head and you’ve got the inspiration where you want to be able to accomplish it and get it done. So that’s awesome. All right. So, couple different things for this week. Now, we want to definitely get these cash transactions because that will allow us to determine where to market for absentee owners and pull the list off listsource.com to be able to market to. But, I don’t want to wait for that data. I want to basically go out and we’ve got to deploy marketing ASAP.
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