Escaping the 9-5: A Real Estate Wholesaling Success Story

Escaping the 9-5: A Real Estate Wholesaling Success Story

4 min max read

For many aspiring entrepreneurs, leaving behind the traditional 9-5 job to chase the dream of financial independence is a quest undertaken with both excitement and trepidation—excitement for the potential that lies ahead, and trepidation about the uncertainty of stepping into uncharted waters. The real estate realm, with its promise of big deals and significant returns, remains one of the most alluring sectors for budding business minds.

Today, we delve into the story of an individual who embraced a business model within the real estate sector that not only enabled him to bid farewell to the 9-5 but also paved the way to a thriving wholesale real estate business.

Wholesaling: A Pathway to Quick Success

On the popular podcast hosted by David Lecko and Ryan Haywood, an exceptional case was highlighted: Ronnie Robertson's journey in wholesaling vacant land. As a beacon of success, Ronnie's story is particularly striking—he managed to earn a whopping $7,000 within just one week of his first wholesale real estate deal.

Wholesaling real estate has become a buzzword for those looking to make their mark without the need to invest hefty capital in property ownership. Rather than buying a property, wholesalers secure a deal and pass it along to an investor, earning a finder's fee for their troubles. This strategy not only allows for rapid transactions but also eliminates the need for substantial upfront capital—a barrier that often cripples many aspiring real estate moguls.

Leveraging Tools and Strategy for Greater Gains

David Lecko has crafted the DealMachine platform, which has helped investors close over 10,000 deals across 50 states. His co-host, Ryan Haywood, is a testament to the system's efficacy, having generated impressive earnings from his first deal, which prompted him to pivot from a salaried job to a full-time real estate investor. Both hosts exemplify the kind of successes that the podcast aims to inspire among its listeners.

Ronnie Robertson's venture into the wholesale business was no less than a revelation. As he shared on the podcast, he started with no extraordinary expectations but soon realized that the opportunities were significant. The decision to engage in land deals, rather than houses, further simplified his operations.

His first deal closed quickly, taking only two days from the initial lead signs to finalizing the transaction, and a mere week for the complete process. This speed is unheard of in traditional real estate transactions and illustrates the unique advantage of wholesaling.


Mastery and Momentum: Expanding Horizons

Ronnie efficiently utilized the DealMachine software to generate leads and find cash buyers. He zeroed in on the criteria cash buyers were looking for and concentrated his efforts on those specific land parcels, thus optimizing his strategy for faster and more lucrative deals. In a remarkable encounter, Ronnie managed to secure not just one but nine lots in a package deal, showcasing his ability to seize opportunities and capitalize on them.

Negotiating a price was straightforward, as the seller already had a figure in mind, and Ronnie's understanding of the prevailing market prices—information he gleaned from his cash buyers—enabled him to strike a deal that resulted in a massive $50,000 gain for him. Ronnie's focus on infill lots—parcels within existing subdivisions where development hadn't yet occurred—further cemented his niche within the wholesale industry. These deals often involve less complexity and don't require the wholesaler to be on-site, a convenience that cannot be overstated.

Building a New Life Through Real Estate

The wholesaler's story is a powerful demonstration of how a strategic and determined approach to real estate investing can lead to extraordinary results. His experience before embarking on his wholesaling journey was as a humble security guard for the county. However, through networking and the mentorship of an experienced individual in wholesaling, Ronnie was able to transform his life.

The newfound flexibility has brought measurable changes to his quality of life, especially in his role as a single father. What began as a side gig soon evolved into a full-time profession, reshaping his future and that of his daughter.

Persistence, patience, and the willingness to put in the effort to make connections and understand the market were indispensable to Ronnie's success. His story underlines the fact that wholesaling, while rewarding, requires dedication. One must be willing to make the necessary number of calls, send out texts, and engage with potential cash buyers—often in the thousands—to secure those valuable deals.

Aspiring wholesalers are urged to harness the power of networking. Being around those who are already successful in the field can eliminate doubts and prove that significant earnings are indeed a reality in this business. It's also crucial to identify a mentor or a network that not only believes in one's potential but is also willing to impart practical knowledge and advise on navigating the marketplace.

Benjy Nichols

About Benjy Nichols

Benjy has been a media specialist at DealMachine for the last 2.5 years. He produces, writes, shoots, and edits our media content for our member's DealMachine and Real Estate education.