My guest for today’s show is Scott Costello from the Struggling Investor. Scott is a part-time wholesaler, he has a full time job, and he and his wife added an adorable son to their family a couple of years ago. This guy is spread pretty thin but he still committed to investing part-time.
Scott has chronicled his real estate investing journey on his Struggling Investor Blog right from the beginning. He talks about his struggles, the challenges he’s had along the way and how he overcame each one of those obstacles.
He also shares tips and strategies he uses to invest part-time on a limited budget. If you are new at real estate investing and you feel like you’re treading water most of the time, I think you will find inspiration from Scott’s story.
Show Notes:
How Scott got started investing in real estate
What is full time career is and how this allowed him to develop SI Lead Manager
His main investing strategy and why he chose that particular one
Working with a partner; how it has helped grow his business
How he found the perfect partner
How you decide “who does what” when you have a partner
Marketing and lead generation strategies
Inbound marketing; having an effective website
Direct mail and working with a small marketing budget
What investors can do to market their businesses if they don’t have a lot of money
No cost or low cost strategies
Investing part-time; starting from “where you are with what you have”
Scott's first deal
How long it took him to get his second deal
Follow up systems
You Can Listen to the Podcast Here
[podcast title=”Investing Part-time with Limited Funds with Scott Costello”]http://traffic.libsyn.com/letstalkrealestateinvesting/ScottCostelloLetsTalkRealEstateInvestinge23.mp3[/podcast]
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About Scott
Scott Costello is an active wholesaler with limited funds, a full time job and a growing family. He is the founder of StrugglingInvestor.com where he writes about his experiences in wholesaling real estate in New Jersey. You can follow him on Google+, Facebook and Twitter.
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John – Currently you can find my podcast on iTunes and Stitcher. You have to set up feeds to the different services. I’m not familiar with Podbean.
Scott’s podcast was done quite a while ago so I don’t know about that. Direct mail takes several things. First of all you have to understand direct mail and how it works. It also takes consistency. 85% of your deals will come at or beyond your 5th deal.
Wholesaling is simply buying property cheaper. If you do mailings for deals keep the ones you want then wholesale the rest to another investor. Everyone should be wholesaling in my opinion.
John
on January 24, 2016 at 7:27 pm
Sharon, I tried to subscribe to your podcast through my podcast app- Podbean. Its unsearchable. May want to look into that to expand your reach.
Also- I’ve landed on Scotts blog a few times and went through his time line of his progress. It dosn’t appear hes been too successful in finding consistent deals. Any input on why he doesn’t have deals coming in when hes putting out 2000 mailers a month?
I’ve been looking into starting a campaign here in Northern Virginia to do wholesaling, however my worst fears are putting in the time and effort just to get sub-par results when I could have been doing a lot better focusing on rehabs instead.
~ About Sharon
Hello from Louisville, KY, and thanks for stopping by my blog!
I love this business, and I am passionate about helping other people become successful real estate investors.
Come along with me on my journey as I create a business and a lifestyle that I love.
John – Currently you can find my podcast on iTunes and Stitcher. You have to set up feeds to the different services. I’m not familiar with Podbean.
Scott’s podcast was done quite a while ago so I don’t know about that. Direct mail takes several things. First of all you have to understand direct mail and how it works. It also takes consistency. 85% of your deals will come at or beyond your 5th deal.
Wholesaling is simply buying property cheaper. If you do mailings for deals keep the ones you want then wholesale the rest to another investor. Everyone should be wholesaling in my opinion.
Sharon, I tried to subscribe to your podcast through my podcast app- Podbean. Its unsearchable. May want to look into that to expand your reach.
Also- I’ve landed on Scotts blog a few times and went through his time line of his progress. It dosn’t appear hes been too successful in finding consistent deals. Any input on why he doesn’t have deals coming in when hes putting out 2000 mailers a month?
I’ve been looking into starting a campaign here in Northern Virginia to do wholesaling, however my worst fears are putting in the time and effort just to get sub-par results when I could have been doing a lot better focusing on rehabs instead.