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The DealMachine Real Estate Investing Podcast

085: Making Your First $13,000 Wholesaling Real Estate with CJ Hibbitts

Do you feel like you're worth more than you're making at your job? CJ Hibbitts just side hustled his way to $13,000 from finding a run down house. He says this was the most dollar per time spent of anything he's ever done before. Listen to hear how wholesaling real estate allowed CJ to make $13,000 Key Talking Points of the Episode 00:00 Introduction 01:10 How did CJ get into wholesaling? 02:47 How did CJ find a deal from sending postcards? 05:10 What was CJ’s motivation to get into real estate investing? 06:37 How can you find leads by driving for dollars with Deal Machine? 08:52 What signs of distress should you look out for when driving for dollars? 10:07 How did CJ’s first visit to the house go? 11:54 What issues came up when CJ visited the property? 14:28 How did CJ come up with his offer for the property? 16:39 How can having a mentor help you overcome analysis paralysis? 17:49 What factors should you consider when calculating ARV? 19:20 How did CJ calculate the ARV for his first deal? 20:19 How did CJ present his offer to the seller? 24:12 Why is it important to build a buyers list before finding your deals? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Links Instagram: CJ Hibbits https://www.instagram.com/cjhibbitts/ Podcast: 071: How To Analyze A Real Estate Deal with David Lecko https://podcasts.apple.com/us/podcast/071-how-to-analyze-a-real-estate-deal-with-david-lecko/id1667656532?i=1000634607727
Broadcast on:
15 Dec 2023

Do you feel like you're worth more than you're making at your job?

 

CJ Hibbitts just side hustled his way to $13,000 from finding a run down house.

 

He says this was the most dollar per time spent of anything he's ever done before.

 

Listen to hear how wholesaling real estate allowed CJ to make $13,000

 

Key Talking Points of the Episode

 

00:00 Introduction

01:10 How did CJ get into wholesaling?

02:47 How did CJ find a deal from sending postcards?

05:10 What was CJ’s motivation to get into real estate investing?

06:37 How can you find leads by driving for dollars with Deal Machine?

08:52 What signs of distress should you look out for when driving for dollars?

10:07 How did CJ’s first visit to the house go?

11:54 What issues came up when CJ visited the property?

14:28 How did CJ come up with his offer for the property?

16:39 How can having a mentor help you overcome analysis paralysis?

17:49 What factors should you consider when calculating ARV?

19:20 How did CJ calculate the ARV for his first deal?

20:19 How did CJ present his offer to the seller?

24:12 Why is it important to build a buyers list before finding your deals?

 

David's Social: @dlecko

https://www.dealmachine.com/pod

 

Ryan's Social: @heritage_home_investments

https://www.heritagehomeinvestments.com/

 

Links

 

Instagram: CJ Hibbits

https://www.instagram.com/cjhibbitts/

 

Podcast: 071: How To Analyze A Real Estate Deal with David Lecko

https://podcasts.apple.com/us/podcast/071-how-to-analyze-a-real-estate-deal-with-david-lecko/id1667656532?i=1000634607727

Do you feel like you're worth more than you're making at your job? CJ Hibbitts just side hustled his way to $13,000 from finding a run down house. He says this was the most dollar per time spent of anything he's ever done before. Listen to hear how wholesaling real estate allowed CJ to make $13,000 Key Talking Points of the Episode 00:00 Introduction 01:10 How did CJ get into wholesaling? 02:47 How did CJ find a deal from sending postcards? 05:10 What was CJ’s motivation to get into real estate investing? 06:37 How can you find leads by driving for dollars with Deal Machine? 08:52 What signs of distress should you look out for when driving for dollars? 10:07 How did CJ’s first visit to the house go? 11:54 What issues came up when CJ visited the property? 14:28 How did CJ come up with his offer for the property? 16:39 How can having a mentor help you overcome analysis paralysis? 17:49 What factors should you consider when calculating ARV? 19:20 How did CJ calculate the ARV for his first deal? 20:19 How did CJ present his offer to the seller? 24:12 Why is it important to build a buyers list before finding your deals? David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/ Links Instagram: CJ Hibbits https://www.instagram.com/cjhibbitts/ Podcast: 071: How To Analyze A Real Estate Deal with David Lecko https://podcasts.apple.com/us/podcast/071-how-to-analyze-a-real-estate-deal-with-david-lecko/id1667656532?i=1000634607727