Well hey there — Dolmar Cross here. I want to talk about my very first Paper Flip deal.
Lemme back up a second, because you might be wondering what a Paper Flip is. It’s pretty straightforward! It’s when you remotely/virtually flip paper contracts on properties in nearly any U.S. market for quick profits.
(In fact, I teamed up with the fine folks at AREI on a real estate investing training program all about Paper Flips. Def check that out!)
Now, as I was saying, my very first Paper Flip deal…
I closed this deal when I was just 20 years old. (A baby!) I made $10,000 on it by selling it to another wholesaler (who sold it to another wholesaler).
I still have that $10,000 check today. It’s in my Bible as a reminder of this deal being my reality check.
See, when I got that first check, I’d been working on my investing business for a couple weeks, grinding it out. I’d been driving for dollars, looking for houses in Tampa and Lakeland, Florida. I was hustling, y’all. My beat-up Camry had 4 different wheels, AC was broken, windows didn’t go down… very humble beginnings, to say the least.
I was relentless…
Day and night, every weekend, out there, grinding… taking down addresses of every vacant, dilapidated, distressed property I could find. And what ended up becoming my very first deal was one I had prospected the week prior.
So, I sent a letter in the mail to the homeowner. I remember waking up really early doing these letters. I had to work and I had school, so I’d get up every day early just to send letters out.
Then it happened…
I distinctly remember getting a call back from this seller — an absentee owner.
He was interested in selling his property. And of course, I got all excited!
“Oh my gosh, someone finally is interested and finally responded to my letter!”
So I got on the phone, and we negotiated. I worked out an amazing deal where I was able to get that property under contract and flipped the paper contract to another investor… for that big, fat $10 grand!
Remember how I called that first check my reality check?
Well, it was both figuratively and literally my reality check. It was proof to myself that, yes, this business does work. You can make money in REI and Paper Flips…
That was more money than I ever made. Ever.
Look, I was a balloon artist, a door-to-door salesman, and I also did network marketing. I didn’t make a lot of money. I struggled my entire life.
And ever since my first deal, I dove in deeper into this business. At 20 years old, I started making a lot of money in this business — upward of $40,000 a month.
After you close your first deal, it becomes a lot easier. After I closed this deal, the next deal came, and the next deal came, and the next deal came.
So, the lesson I’m sharing with you today is: Never give up. Be consistent. Be persistent.
Your first deal is right around the corner. It only takes 1 deal.
You’re 1 deal away. I want you to actualize that possibility for yourself. And I’m telling you… Paper Flipping is the quickest way to awesome profits.
And when you close your first deal, that will be your reality check that this is a real business.
You can do this. I know you can. Just go out there and get it done. Paper Flips await!