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Real Estate Wholesaling 101: How to Get Started | PREI 391

Real Estate Wholesaling 101: How to Get Started | PREI 391

FromPassive Real Estate Investing


Real Estate Wholesaling 101: How to Get Started | PREI 391

FromPassive Real Estate Investing

ratings:
Length:
60 minutes
Released:
Jul 12, 2022
Format:
Podcast episode

Description

Welcome to another episode of Passive Real Estate Investing. I'm your host, Marco Santarelli. So today I wanted to bring on someone else who was one of my mentors many years ago. I had Robert Allen on recently. And for those of you who listened to that episode, you know, that I will be bringing Robert back on again, here in the near future. But while I was learning from Robert, I was actually brought into a long bootcamp series back in 2003, where I met someone else who became one of my original mentors. And his name is Todd Dotson. He is one of the original wholesaling mentors well known throughout the industry in the country and really a true pioneer in the real estate education and training arena. He is the developer of the first onsite, literally onsite mentoring program. And he has the unique advantage of having mentored.

I don't know how many students, but hundreds, if not thousands of students in virtually every market around the country, he's known as the seminar, industry's secret weapon for student success and the media personalities. He has provided fulfillment training for around the country, including Robert Allen reads like a who's who of real estate education. And, you know, on that list of quote unquote successful students, you know, there are many of them and they have come from many different real estate investment education companies. I happen to be one of those students of Todd's from many, many years ago, and I think he's got one of the best wholesaling programs out there. So with that, Todd, welcome to the show.

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Hey, thank you so much for having me. And I'm really excited to be here, grateful to be here. Thanks for that introduction. And, and man, I'm, I'm so proud of you and all that you've accomplished and I'm ready to get into this and let's help people create cash so they can build wealth.

Yeah. Sounds great. Lo I love the sound of that. That sounds great. So I kind of introduced you, tell us a little bit more about yourself, fill in the gaps that I've missed. Cuz I know that you've been around the real estate investing block for a very long time.

It is a long time. It, it seems like a long time ago in a land far, far away. Now that you mention it, I live in Arlington, Texas. I've been in Texas since January of 1993, but I grew up in California, Marco, as you know, I was born in Oakland raised in the San Jose bay area. My dad was a pastor, a preacher in California for 30 years. Mom was a school teacher, always had a strong desire to get involved in real estate and begin that journey in May of 1988 by purchasing a late night TV program off of in commercial Dave Del auto back in the going way, way back in the day, the cash flow system and began implementing that, making that work in the Bay Area at that point in time, you know, three bedroom, two bath home was about three 50. So we're talking 1988 and was renting for maybe 1500 bucks a month. So there was no no price to rent ratio that was favorable. And so I began looking at some different areas and I popped over into the Central Valley while still living in San Jose and began investing there initially buying, renting and, and holding so passively investing. And that was, was really kind of the start for me.

Interesting. When did you move to Texas?

Moved to Texas in January of 1993 and it's, you know, it, it's interesting because I, I began buying properties in the Central Valley. We'll say Modesto area. Just cuz the price to rent ratio didn't work in the bay area. And, and back then the focus was really either buy, fix and sell for a lump sum of cash or buy rent and hold for passive income and long term wealth building. And so I chose the, the passive income approach,
Released:
Jul 12, 2022
Format:
Podcast episode

Titles in the series (100)

Take the guesswork out of real estate investing. Learn how BUSY PEOPLE like you can build substantial passive income while creating wealth for the long-term. Gain expert knowledge and advice on real estate investing as Marco Santarelli (of Norada Real Estate Investments) shares his strategies and valuable insights with a special emphasis on Turnkey (done-for-you) real estate investments. Discover proven strategies for making money with real estate in ANY market and how to avoid common and costly mistakes. If you’re looking for “bigger pockets” and ACTIONABLE advice on the road to financial freedom, then this is the podcast for you! With new episodes every week, be sure to SUBSCRIBE TODAY!