271: Buying 12+ Real Estate Deals Every Month (And How to Lose $750,000) with Sam Craven

Real estate investors love to talk about their successes, but most refuse to talk about their failed deals. On today’s show, we hit both of those points hard when we sit down with Sam Craven to talk about how his wholesaling business generates hundreds of thousands of dollars each month in revenue — and the mistakes that led to him losing over $750,000 from his rehabbing business. You’ll also discover the exact strategies Sam is using to fill his deal pipeline, plus advice for those of you who are just starting on your real estate journeys.

In This Episode We Cover:

• Who Sam Craven is and how got started investing six years ago
• Figuring out your one thing
• How Sam lost 3-quarters-of-a-million dollars
• Focusing on what you are really good at
• How Sam’s business has evolved
• Why he spent $1 million for marketing in a year
• Do you need to get your real estate license?
• Direct-mail marketing and other paid marketings
• Growing by acquisition
• What does wholesaling mean to you?
• Having a closed group of buyers list
• How Sam motivates himself to keep going
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Podcast 033: How to Close 27 Deals in Your First Year While Working Full Time with Sam Craven
• BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven
• Growth Con
• BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
• Zillow
• Realtor
• BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
• BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
• BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss

Books Mentioned in this Show

• Set for Life by Scott Trench
• Long-Distance Real Estate Investing by David Greene
• The Miracle Morning by Hal Elrod
• Never Split the Difference by Chris Voss
• Relentless by Tim Grover

Fire Round Questions

• What is the one thing a wholesaler should know before starting?
• Best cities to buy multifamilies for buy-and-hold in 2018

Tweetable Topics:

• “Know what you’re good at and know what your end results to be.”(Tweet This!)
• “You cannot have success without failure.” (Tweet This!)
• “If your goal and your why is bigger than any other problem you can face, you can overcome anything in the planet.” (Tweet This!)
• “Systems make your business a business.” (Tweet This!)

Connect with Sam

• Sam’s BiggerPockets Profile
• Sam’s Facebook Page
• Sam’s Company Website

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