Millions of people are chained to their student loan debt, unable to pay it off. Commercial Property Advisors Protege, Jeremy, was in that same position. However, on his first commercial wholesale deal he earned enough money to payoff his entire student loan debt. Commercial real estate wholesaling is a powerful strategy for generating large amounts of cash in a relatively short period of time.
Student Loan Crisis
I want to bring to your attention a national crisis. In the United States there are 44 million student loan borrowers and one out of four can’t make their payments or are in default. By the time they graduate, the average college graduate will owe more than $39,000 and it will take them 22 years to pay off their student loans. This is a huge issue in our country.
When they graduate, the reality of life hits students very hard. It’s not surprising that the millennial generation are putting off having a family and buying homes because of their student loan debt. They can’t take a job they love, and they can’t file bankruptcy either. What do they do?
How to be Free of Your Student Loans
I have a reliable way of getting rid of all your student loan debt. It’s the only way you will be free of it and it’s to pay it off. Our student Jeremy did just that. Within three months of mentoring with us at Commercial Real Estate Investing, he wrote a check and paid it off.
Jeremy’s Story
While Jeremy was in active duty serving in the Air Force and Army Reserve, he finished an Associates Degree at Community College, completed a bachelor’s degree in Computer Operations Technology and a master’s in Cyber Security. After landing a well-paying job and working hard to achieve his goals, he came to the realization that he wasn’t satisfied. He had been paying down his student loan debt for ten years and he still had a way to go. He wanted to pay off his student loan and begin to grow is wealth.
How Jeremy Paid Off His Student Loans In 3 Months
Jeremy began researching online for someone to train him to invest in commercial real estate. He discovered our YouTube Channel and after watching and reading our material he joined our Protégé Program for hands on training and mentoring.
Commercial Real Estate Wholesaling
To begin our program, Jeremy began a month of foundational training. This involves learning the essentials of commercial real estate and trains you how you do evaluations and talk to sellers. After that, we instruct you how to market commercial real estate. Jeremy wanted to focus on learning about wholesaling commercial real estate because he could get the deal done without having a lot of cash. One of the ways to market is by sending letters, so he began his mailing campaign sending out 800 letters. This connected him with some motivated sellers. Through negotiations he was able to get the price of the property down, get the property under contract, and find a buyer using our marketing techniques.
The Importance of Lead Generation
Jeremy discovered that lead generation, or finding motivated sellers, is also one of the most difficult aspects of wholesaling commercial real estate. Finding a good deal requires a lot of marketing. Not all the people who respond are motivated to sell. Sometimes they just want you to make them a ridiculously overpriced offer. You need to find a motivated seller.
Jeremy Closes the Deal and Pays Off His Student Loan
With little money and no experience in commercial real estate, Jeremy’s first wholesaling deal was complete three months after joining the Protégé Program. He had been slowly paying down his student loan for a decade and he still had $20,000 remaining. He wanted to pay off his loans, but he needed to find another source of income. Now he was able to pay off his student loan debt completely. As Jeremy puts it, “It was just a great feeling to be free off it”.
Jeremy’s Goal: Financial Freedom
Jeremy intends on doing more wholesaling deals in the future, building up enough capital to get his own commercial real estate property and eventually replace his nine to five income. His ultimate goal is to build wealth and be financially free.
Summary:
Commercial Real Estate Wholesaling
Jeremy used this strategy to generate the cash he needed to pay off his student loans in three months. Commercial wholesaling is a powerful tool for generating large amounts of cash in a relatively short period of time. Many of our students use this technique to increase their savings so they can invest in their own commercial property.
3 Steps in Commercial Real Estate Wholesaling
- Look for off market commercial deals. You need to get good at it if you want to be successful in wholesaling.
- You must get sellers under contract. You will not make money on any deal that you don’t have control over. By putting the seller under contract, you get control of a deal. How to Make an Offer on Commercial Real Estate
- Wholesale the deal to qualified buyers for a fee. This is what Jeremy used to pay off his student loans. The better you are at finding off market deals, the more money you will make wholesaling to qualified buyers.
Act Now
If you have student loan debt, don’t just sit there, do something about it. Our commercial real estate wholesaling techniques are perfect for the person with a student loan debt burden. Don’t settle for twenty-two years or even ten years before paying it off. The attitude I want you to have is “never let good enough be good enough”.
Get Educated
I’m going to offer you a copy of my new bestselling book, called Commercial Real Estate for Beginners. Click on the link and download your very own copy: Commercial Real Estate for Beginners
