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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Who makes $200K per year in foreclosures? Posted by Ward-CA- on September 24, 2001 at 6:47 AM In Reply to: Can Someone Make 200K a Year? posted by Dana on September 23, 2001 at 9:02 PM : Hello everyone, : I've been reading many of the posts on the Innovest Foreclosure board and wanted to ask you pros a question. I hope you don't mind answering it for me. :o) : I just graduated from the University of Florida and am contemplating where my future is going to take me. I'm interested in pursuing foreclosure properties (flipping them). : My question is: : How much money can a seasoned expert make in this field per year? (I'm talking pursuing all angles of the game, before, during and after the sale, including doing JBB's. I realize all markets are different, but lets assume my particular area is in a sellers market. Let's also assume I work at this business full time, I've got excessive determination, and I have 200K in capital. (I have a source) : (What I really want to know is, can someone make 200K a year doing this full time, or more? Or is that just pie in the sky thinking. Is it more reasonable to expect 50K a year?) : I've been studying the business quite extensively and am ready to begin pursuing my first deal. I realize I have a lot to learn - but I'm prepared to pay my dues. I just would like to hear what a seasoned pros such as you have to say. : Thanks in advance for your time. I hope it's not too much trouble to respond. : Dana :o) =•=•=•=•=•=•=•=•=•=•=•=•=• Dana, given your assumptions above, especially that of determination, you should make at least as much per year as the amount of investment capital you have available to you. My first trainee will tell you himself that when he took my foreclosure training he was a janitor. He now consistently flips about 300 foreclosures a year here in the Southern California market and makes enough money to give $500K to his church each year. Now, does everyone make that much money in the foreclosure business? The answer is no. Just like the answer is no when you ask if most people in almost any endeavor make a lot of money. Most real estate agents make peanuts, most actors make peanuts, most developers make peanuts, most lawyers make peanuts, etc. Of all the people we have trained one-on-one, the most determined have made it, regardless of what they lacked in the beginning, be it money, contacts, experience, degrees, etc. What they have in spades is an indomitable drive to succeed, to not give up on themselves. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hello everyone, : : I've been reading many of the posts on the Innovest Foreclosure board and wanted to ask you pros a question. I hope you don't mind answering it for me. :o) : : I just graduated from the University of Florida and am contemplating where my future is going to take me. I'm interested in pursuing foreclosure properties (flipping them). : : My question is: : : How much money can a seasoned expert make in this field per year? (I'm talking pursuing all angles of the game, before, during and after the sale, including doing JBB's. I realize all markets are different, but lets assume my particular area is in a sellers market. Let's also assume I work at this business full time, I've got excessive determination, and I have 200K in capital. (I have a source) : : (What I really want to know is, can someone make 200K a year doing this full time, or more? Or is that just pie in the sky thinking. Is it more reasonable to expect 50K a year?) : : I've been studying the business quite extensively and am ready to begin pursuing my first deal. I realize I have a lot to learn - but I'm prepared to pay my dues. I just would like to hear what a seasoned pros such as you have to say. : : Thanks in advance for your time. I hope it's not too much trouble to respond. : : Dana :o) : =•=•=•=•=•=•=•=•=•=•=•=•=• : Dana, given your assumptions above, especially that of determination, you should make at least as much per year as the amount of investment capital you have available to you. My first trainee will tell you himself that when he took my foreclosure training he was a janitor. He now consistently flips about 300 foreclosures a year here in the Southern California market and makes enough money to give $500K to his church each year. : Now, does everyone make that much money in the foreclosure business? The answer is no. Just like the answer is no when you ask if most people in almost any endeavor make a lot of money. Most real estate agents make peanuts, most actors make peanuts, most developers make peanuts, most lawyers make peanuts, etc. : Of all the people we have trained one-on-one, the most determined have made it, regardless of what they lacked in the beginning, be it money, contacts, experience, degrees, etc. What they have in spades is an indomitable drive to succeed, to not give up on themselves. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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