Yo, today we’re diving into the world of wholesaling real estate, and trust me, it’s gonna be a ride! We’ve got the awesome Paul Lizell with us, who’s been hustling in over 45 states—yeah, you heard that right! He’s spilling the beans on how to make wholesaling smooth and painless, so you don’t end up pulling your hair out like I almost did. We talk strategies for finding deals, avoiding the dreaded Dakotas (sorry, not sorry), and how to make cash flow work for you, even if you're starting with zero bucks. So stick around, ‘cause you’re about to get some real talk on leveling up your real estate game!

Virtually wholesaling all across the country with Paul Lizell - Payneless Wholesaling Podcast

Visit https://www.paynelessflipping.com to learn how to do real estate deals the payneless way!

Wholesaling across the U.S. can be a wild ride, and today, we’re diving into the nitty-gritty with Paul Lizell, a pro who’s been in the game for over 22 years. From his first bank-owned property back in 2001 to wholesaling in 44 states, his journey is anything but typical. We chat about the importance of understanding markets, and how choosing the right states can mean the difference between cashing in big or, well, not. Paul shares his decision to shift from the risky fix-and-flip model to a safer, more profitable wholesale strategy, especially during the 2008 crisis. He emphasizes how finding the right deals in the right markets is key, and how sometimes, you just gotta go where the money is. Plus, we get into some real talk about the best areas to target—hint: think Midwest for some sweet deals!

Takeaways:

• Wholesaling real estate across the US can be a wild ride, but it's doable if you know the game.
• Paul shared he wholesaled in 44 states, so there's definitely a method to the madness for nationwide success.
• Starting with 18 months of savings is key before diving into full-time real estate investing, trust me on this one.
• Don't underestimate the power of networking in real estate; it's how deals get done, period!
• Using online auctions for sourcing deals is a game-changer, especially if you want to avoid traditional marketing costs.
• It's essential to know your market and where to find the best deals—sometimes the hot spots aren’t where you think!

Links referenced in this episode:

• auction.com
• hubzu
• reoauctionacademy.com

Companies mentioned in this episode:

• Citizens Bank
• Auction.com
• Hubzu
• Hudson and Marshall Realty
• Bid
• Auction Network
• Williams and Williams
• Kiavi
• Dominion Financial Lending 1
• Lima One Capital
• Coco Capital
• Lee Arnold's group