A Better Way to Lead & Scale Your Wholesaling Business…
IN TODAY’S EPISODE:
00:42 How to make $96,000 a week, with a team doing everthing
01:30 My new favorite quote
02:43 Who you should be hiring to build your wholesaling business…
CLICK TO TWEET…
Leadership in Your Wholesale Real Estate Business
Today I was inspired today to talk about leadership in your wholesale real estate business. It’s not just your wholesale business, or your real estate business, or any business for that matter. But, wholesaling is one of my primary businesses, and I absolutely love it.
I was one of those guys who would scratch and claw his way into any kind of deal to make it happen. I remember one day I was looking up at the sky, and looking at my wife, and I’m like, “I don’t want to go to work tomorrow. I’m working too hard. It’s 24/7.” Our relationship sucked, because you know that’s really all I was thinking about. One day I decided, you know what; I don’t want to do this anymore. I want to be a leader. I want to empower others. I want to have a great business while surrounding myself with the best people.
Case in point; this week we had an amazing week in business. We closed four wholesale deals. One was $25,000, and another one was $22,000. Another one was $17,000. And they have another one today they locked up that’s probably going to be around $32,000. Great money. But, what’s most important to me is that my team did the entire thing. My team set up the mailings. My team answered the phone. My team locked up the deals. My team sold the deals. My team handled the transaction coordination.
One of my favorite quotes is “the trait of a good leader is to hire the best man he can find for the job, and not to interrupt them while doing it.” That was one of the hardest things for me to do when I first started. To bring a team around me. I was over their shoulder. “Are you doing this, and are you doing that?” I’m not perfect in this area, yet. But I’ve gotten a heck of a lot better. And I can tell you that as soon as you do that; as soon as you hire the best men and women, and you let go. And you let them make mistakes. You let them lose some money (yes, I know that’s scary). You’re going to find that they’re going to grow, and flourish, and do things that you never thought possible. The money is great. But, I can tell you that if you are doing it alone; it gets old real fast.
One of my good friends, Evan, always says he likes wining with others. It’s rubbing off. So I hope this has inspired you not to be an employer. Not to be a slave to your business. But to really be that leader that surrounds himself with really, really good people, and stands on the shoulders of giants.
Let me know what you guys think about this! I’d love to hear your comments, your struggles, your successes, and what you’re up to this weekend…
Don’t forget to subscribe to our YouTube channel. Leave a comment below and most importantly; head on over to our website, NoLimitsRealEstateInvesting.com, where you can get a copy of the No Limits MAP, the Massive Action Plan and get a head start on growing your seven-figure wholesaling business. Talk to you soon!