Reply to Mr. Nick - Posted by Scott Britton
Posted by Scott Britton on April 15, 1999 at 11:02:57:
I am a low volume guy… plus a privacy freak. So… I’m going to have a difficult time giving you an accurate answer to your question.
I can make a great living on just 2-4 transactions a month. I would say… most of my business this year has been in the wholesaling arena… and last year… the majority was in the rehabbing and retailing arena. But hey… the years still young.
We have already purchased a higher volume of property than normal this year. I have probably purchased 15 houses this year… but that number shouldn’t mean anything to you. It really doesn’t to me either. What I’m interested in is… how much money am I making. The number of houses and transactions is pretty much insignificant.
My goal however… is not to buy and sell 100 houses a year… or buy and keep the same number. My goal is to make $10,000 per month on as low a volume as possible. When I shoot for this… I find I have some extraordinary months… and the rest of my business booms as well.
But alas… in the final analysis… it all comes down to time. My information business is growing… and this is something I enjoy. Helping other people. But… it diffently impacts my “doing deals” side. I also like to spend time with my family… and travel. Last month my wife and I spent 10 days in Italy with some good friends. That’s 1/3 of the month. I had a couple of other side trips… including the Creative Real Estate Online Convention in Dallas… which I really enjoyed and was fantastic… but it ate into my “deal making” time.
Still… all in all… this is a great business. It has allowed me to create the lifestyle I enjoy. It can do the same for you with the right specialized knowledge. It’s not inexpensive… but it makes all the difference in the world!
Best of RealEstateSuccess!