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How Wholesaling Scaled a 60+ Door Portfolio with Thia Velinor
Manage episode 336700779 series 3369299
Don't have the money or capital to invest in real estate?
It might seem that you always need money to get started.
But if you get creative and smart about finding ways, you can get your real estate business running without needing to put in your own money.
In this episode, our guest Thia Velinor shares how she grew to 66-doors without using her own money.
She points out that if you sit on the sidelines, nothing will get accomplished. It's all about hustle and taking action is crucial.
Additionally, she discusses the importance of sharpening your skills, investing in yourself, and fixing your mindset to achieve success in this business.
She emphasizes the importance of building quality relationships. And even though she has grown her real estate assets, she has also made mistakes, and she shares the lessons she learned from them.
In Thia's case, you may not know everything at the start, but you'll learn as you go along. She did exactly that, and look where she is now.
What you will learn from this episode:
- Discover how you can get started in the real estate business without capital.
- Find out hot markets that offer great opportunities but with low entry points.
- Learn how you can scale and move your real estate business faster.
Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b
Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022
Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/
Thia Velinor is a single mother who has faced tremendous obstacles and hardships. Through perseverance and is dedicated to her goals, Thia was able to quit her 9-5 in January of 2021. She has since grown her wholesaling business to a six-figure business doing over 20 deals and acquiring 18 doors using OPM.
Get in touch with Thia Velinor:
- Website: https://www.velinorproperties.com/
- Instagram: https://www.instagram.com/thiavelinor/ or https://www.instagram.com/velinorproperties/
- Facebook: https://www.facebook.com/velly.vellz
Topics Covered:
02:40 - An environment and upbringing that built so much of her character
05:06 - Overcoming struggles in the early part of her real estate business journey
07:26 - What is it about the wholesale strategy that she got started in the real estate business via that route?
10:53- One important thing she considers about the markets she's focusing on this time
12:58 - Scaling and moving your real estate business quickly
14:22 - The value of a power team
16:01 - What's behind owning 66-door units as of this time
19:17 - Leveraging networking -- the power of relationships
21:35 - Business pivots she's doing with the recent rate hikes that's happening
23:55 - What she would tell someone wanting to start in the real estate business via wholesaling
28:08 - Lessons from a deal that didn't pan out as expected
32:40 - Putting a premium on mentorship and giving back to the community
38:36 - What she's up these days and how you can reach out to her
Key Takeaways:
"I think it's important to have that mindset where it's like, if one door closes, you're going to figure out how you'll get it done another way." - Thia Velinor
"You can only learn so much info. A lot of the learning comes from the action components -- the doing." - Thia Velinor
"I got my first 17 doors without putting any money. All I did was find the deal." - Thia Velinor
"I would encourage people to get great at recognizing what a great deal is. Once you are able to do that, now you're in front of people who want to talk to you about the deals." - Thia Velinor
"People really underestimate the power of starting with wholesaling. There are just so many good skills that you get out of that. Leverage it and get doors with no money at all." - Thia Velinor
"You only have so much money; the bank will only lend you so much, you know. It's imperative to speak to people and try to figure out how we can create that win-win; not always you trying to get something from that person. It's like, what can we do together? Like, how can we build together?" - Thia Velinor
"Speak to people and just do it properly. You can figure it out by yourself. And it might take you a few years, or you can invest a few bucks and get there in a few months. You know It's not an overnight success story by any means." - Thia Velinor
"If you stick with it and build those fundamental skills that you need to go far in the business and not just with wholesaling. Once you have that down, you're good to go. But the main thing, invest in yourself, by all means." - Thia Velinor
"I see the value [of mentorship], and it taught me a lot. It also put me in the circles I needed to be in." - Thia Velinor
"When you pay for your friends, the conversations are different. Your mindset changes. Your outlook is going to be different. So, pay for your friends!" - Thia Velinor
Connect with Mario Griffiths:
- Facebook: https://www.facebook.com/marioginvest
- Instagram: https://www.instagram.com/marioginvest/
- LinkedIn: https://www.linkedin.com/in/mario-griffiths
- Website: https://www.mariogriffiths.com/
Connect with Ron Christopher:
- Instagram https://www.instagram.com/ron.investor/
37 episodes
Manage episode 336700779 series 3369299
Don't have the money or capital to invest in real estate?
It might seem that you always need money to get started.
But if you get creative and smart about finding ways, you can get your real estate business running without needing to put in your own money.
In this episode, our guest Thia Velinor shares how she grew to 66-doors without using her own money.
She points out that if you sit on the sidelines, nothing will get accomplished. It's all about hustle and taking action is crucial.
Additionally, she discusses the importance of sharpening your skills, investing in yourself, and fixing your mindset to achieve success in this business.
She emphasizes the importance of building quality relationships. And even though she has grown her real estate assets, she has also made mistakes, and she shares the lessons she learned from them.
In Thia's case, you may not know everything at the start, but you'll learn as you go along. She did exactly that, and look where she is now.
What you will learn from this episode:
- Discover how you can get started in the real estate business without capital.
- Find out hot markets that offer great opportunities but with low entry points.
- Learn how you can scale and move your real estate business faster.
Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b
Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022
Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/
Thia Velinor is a single mother who has faced tremendous obstacles and hardships. Through perseverance and is dedicated to her goals, Thia was able to quit her 9-5 in January of 2021. She has since grown her wholesaling business to a six-figure business doing over 20 deals and acquiring 18 doors using OPM.
Get in touch with Thia Velinor:
- Website: https://www.velinorproperties.com/
- Instagram: https://www.instagram.com/thiavelinor/ or https://www.instagram.com/velinorproperties/
- Facebook: https://www.facebook.com/velly.vellz
Topics Covered:
02:40 - An environment and upbringing that built so much of her character
05:06 - Overcoming struggles in the early part of her real estate business journey
07:26 - What is it about the wholesale strategy that she got started in the real estate business via that route?
10:53- One important thing she considers about the markets she's focusing on this time
12:58 - Scaling and moving your real estate business quickly
14:22 - The value of a power team
16:01 - What's behind owning 66-door units as of this time
19:17 - Leveraging networking -- the power of relationships
21:35 - Business pivots she's doing with the recent rate hikes that's happening
23:55 - What she would tell someone wanting to start in the real estate business via wholesaling
28:08 - Lessons from a deal that didn't pan out as expected
32:40 - Putting a premium on mentorship and giving back to the community
38:36 - What she's up these days and how you can reach out to her
Key Takeaways:
"I think it's important to have that mindset where it's like, if one door closes, you're going to figure out how you'll get it done another way." - Thia Velinor
"You can only learn so much info. A lot of the learning comes from the action components -- the doing." - Thia Velinor
"I got my first 17 doors without putting any money. All I did was find the deal." - Thia Velinor
"I would encourage people to get great at recognizing what a great deal is. Once you are able to do that, now you're in front of people who want to talk to you about the deals." - Thia Velinor
"People really underestimate the power of starting with wholesaling. There are just so many good skills that you get out of that. Leverage it and get doors with no money at all." - Thia Velinor
"You only have so much money; the bank will only lend you so much, you know. It's imperative to speak to people and try to figure out how we can create that win-win; not always you trying to get something from that person. It's like, what can we do together? Like, how can we build together?" - Thia Velinor
"Speak to people and just do it properly. You can figure it out by yourself. And it might take you a few years, or you can invest a few bucks and get there in a few months. You know It's not an overnight success story by any means." - Thia Velinor
"If you stick with it and build those fundamental skills that you need to go far in the business and not just with wholesaling. Once you have that down, you're good to go. But the main thing, invest in yourself, by all means." - Thia Velinor
"I see the value [of mentorship], and it taught me a lot. It also put me in the circles I needed to be in." - Thia Velinor
"When you pay for your friends, the conversations are different. Your mindset changes. Your outlook is going to be different. So, pay for your friends!" - Thia Velinor
Connect with Mario Griffiths:
- Facebook: https://www.facebook.com/marioginvest
- Instagram: https://www.instagram.com/marioginvest/
- LinkedIn: https://www.linkedin.com/in/mario-griffiths
- Website: https://www.mariogriffiths.com/
Connect with Ron Christopher:
- Instagram https://www.instagram.com/ron.investor/
37 episodes
All episodes
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