Dec 12 2014

As important as finding deals is maximizing how much you make on each deal. I've had several deals I made $15K on that I could/should have made over $100K. It takes about seven $15K deals to equal $100K. People talk about how many deals they do, like it matters. "I flipped 50 houses last year". You can make $1 million on 4 flips (I have) or $200K on 20 flips (I have). Which would you rather do?

Jae Rapelyea Less deals for more money

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Kevin Hudoba I closed 35 deals this year (as an agent).

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Jamal Houpe Less deals more money.

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Kathy Kennebrook any deal that makes me a decent amount of money, I am not turning down a deal because it's "only" going to make me 15K

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Kathy Kennebrook I do prefer the bigger paychecks though that's why we do a lot of direct mail to owners of luxury houses, last one we did netted 84K, I really like that number

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Danny O'Bannon I just did a deal for 5k. Got it under contract on a tuesday, found a buyer and it closed that friday. Crazy fast. Nice little check to pay for the next round of materials on my flip project

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Jason Buzi Yes. My point is NOT to turn down a $15K deal or even a $5K deal. Who in their right mind would turn down money? My point is if there's a way you can make 5 to 10 times more on that deal buying it than you would wholesaling, take a long hard look at that. I've wholesaled numerous deals for $10K or $15K when I could have made 6 figures buying and reselling them.

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Danny O'Bannon I agree with you. I think the point is, and youve stated this pletny of times, to grow from being just a wholsaler to a well rounded investor. I'm in my second year and I am doing more rehabs now because I have a hard time collecting 5k and then watching my buyer go off and make 30k

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Jae Rapelyea This is an age old debate. Some view doing More deals with smaller profit the way to go. Vs doing less deals with the same amount or more profit. The question was asked would you want to do 1 deal a month at 25k or five deals at 5k a piece .most wanted to do 5 deals @ 5k a piece. But you gave an analogy once of Ppl who saw a tree and just picked the apples that fell to the ground . They never looked up to try and pick the ripe more delicious apples from the tree. Those apples on the tree were in turn your bigger more profitable deals.