68 - Getting Your First Deal - The $20,000 Lesson This Wholesaler Will Never Forget

Jan 24, 2022

“What was closing your first real estate deal like, and how did you do it?”

If you want to be successful in this business, the first thing you need to know is that properties are some of the hardest to sell. Finding the right property buyer takes time, and you might need to ring up hundreds of leads, set tons of meetings, and work endlessly before closing a deal. With that being said, having the right mindset will help you get there. 

 

In this episode, we are joined by an entrepreneur at heart, Nabio Lumakanda, as he walks down memory lane and takes us back into how he got his first deal and what are the steps that he made to get there. He also shared some of the important lessons that he learned along the way. 

Key Takeaways

• What exactly do you need to do to get that deal and how does he find that lead?
• What to do on your first deal?
• Experience is your best teacher
• Biggest mind shifts that he learned while getting into the business
• Personal development and self-help books are a great way to get you into business 
• Writing down your goals
• Why is conviction and believing in yourself vital in real estate?
• Mentorship and getting a coach is very helpful 
• Setting those expectations and making that process simple for the sellers
• “If you confuse, you’ll lose”
• Understanding legalities what you can and cannot do
• Nabio’s advice to people who are starting out

Resources 

• DealMachine
• StoryBrand
• Driving for Dollars Mastery