Wholesaling Tips

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 the benefits of tithing and building relationships within HUD.

Sean: Now, a very successful person once told me, because there is an internal conflict, when it comes, that some people believe it and some people don’t. Some people have a part of their ritual, and some people don’t. So, for me, I remember there was a challenging point where I was being challenged on my beliefs, and I can’t remember exactly what the subject was, but he asked me the question. He said, “Would you rather be rich, or would you rather be right?” And I thought about it, I’m like, you know, “I’d rather be rich than be right.”

So, my biggest suggestion, number one, is any dime, whatever it is, I don’t care if it’s $100, $10, I don’t care if it’s $50, $5, I don’t care. Whatever it is, it has to be put in with an element of faith that it will circulate the flow of energy. And some people might be listening to this right now, we get thousands and thousands of people listening to this and going, “Man, this guy’s crazy.”

But like I said, would you rather be rich or right? I mean, this week alone, I’ll make over $100,000 just on real estate. Nothing to do with any type of online stuff, which is like 10% of my business, but just on real estate. $100,000 this week alone, on deals I’m closing. This week. Not including next week, which is probably an even bigger week.

How do you get to that point? Guess what? I religiously tithe. I’d rather be rich than right. So number one, we’ve got to do that. You’ve got to release the energy, and get that flowing. Number two, we’ve got to get this deal sold. Where are you at in the process of all the contracts and all that stuff?

Eric: Basically, I submitted the contract to the asset manager, and the asset manager has since responded, “Hey, your proof of funds is deficient, I need to have verification of funds?”

Sean: Okay.

Eric: So basically an account number or a listing of accounts showing enough money from a bank. That sounds like I need to call them and say, “Hey, we’re going to be doing financing from private funds.”

Sean: Yeah, and I would call them today. Number one is call them just to build the relationship with them. I have Jennifer, Roxanne, Malia, and Jose over at the HUD for BLB resources. I deal with these guys every single week. I talk to them every single week about different properties. I had an issue on a contract. I called them up, the issue was resolved, I moved forward to the bid acceptance, and we’re good to go.

See “Eric Hits A Wall TGE Episode 3″ Part 6…

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