PODCAST
Cyclical Business | Joint Venture Wholesaling for Beginners
Mitch Stephen chats with
Connor Steinbrook
Episode 139:
Connor Steinbrook was a top online poker player from 2003-2011, and in 2011, on April 15th, the government shut down the websites and he lost almost a decade of his life overnight. Nobody wanted to hire what they thought was an ex-gambler so he quickly realized he had to create a job for himself. He tried insurance and network marketing and found himself into real estate. It was a rough start — he ended up facing bankruptcy with $65,000 in debt. He figured out how to do deals using a joint venture wholesaling strategy where he never meets the seller or buyer, doesn’t put up earnest money or option money directly and doesn’t go to closings — he does everything virtually. He went from JV wholesaling to regular wholesaling, into flipping houses retail and becoming financeable, and then began to keep houses and do some owner financing and creating notes. He then created Investor Army to teach new investors about how to build a cyclical business and how to duplicate what he did even if they have no money….being this is the biggest handicap for new investors.
What you’ll learn about in this episode:
- What the joint venture wholesaling strategy can allow for investors
- The average cost of generating new leads
- Where time loss occurs for most investors
- The importance of having a quality buyer’s list
- Looking for deals vs. looking for joint venture partners
- Strategies for building your buyer’s list
- How to build a cyclical business where deals are brought back to you
- How to create credibility with your marketplace
- Why you shouldn’t be consumed with building a massive buyer’s list
- Why you don’t need cash or credit to participate in cyclical wholesaling
Resources:
