The wholesaling world can be full of surprises. What you think might be too simple to work might just be the missing link you are looking for to close a lucrative deal. Today’s guest can attest that sometimes, you are just a conversation away from a massive payday!
In this episode, Talk to People (TTP) coach Brent Daniels talked to Solomon Oh, a resourceful and driven wholesaler from Seattle, Washington. While doing wholesaling on the side, Solomon earned $25, 000 from his first deal. From there, he decided to do wholesaling full-time.
Fast forward to his 3rd deal and you’ll never believe what he earned—a whopping $100, 000 for a deal he closed in just 2 months! And no, he didn’t do anything extraordinary. However, he did something many people tend to just overlook—cold calling and actually talking to people!
- Solomon rode around the University of Washington area on his bicycle (and sometimes, skateboard) to look for and take note of houses that needed some love.
- After taking note of 30 to 50 properties, he checked for the owners using the county records and cold called them.
- He was able to talk to a prospective seller in July and closed the deal in August after making weekly follow-up calls. And yes, you got that right. That’s a 6-figure payday for just 10 to 15 hours of work!
In the wholesaling world, the importance of talking to people cannot be overemphasized. While it can be nerve-racking especially for neophytes, it just might bring you a step closer to earning a 6-digit income!