My Code to investing
Since I started wholesaling I have held myself to an investing “code” so to speak. One principal to my code to investing is that unless everyone is happy about the deal I will not participate. I have literally walked away from great deals before because of this. In addition to that, this code to investing pertains to other things as well. Another is etiquette. Which leads me to a story I want to tell about a showing I had yesterday at one of my properties.
I had a 1:00 showing to a few investors yesterday. I got there about 5 minutes early, but 4 of my interested buyers showed up just before me. Among them was someone who had picked my brain for about 30 minutes the day before about wanting to wholesale himself. As I pulled up to the house I noticed him handing out his business cards to my other investor buyers. Hmmm. Not something I would have done if I were in his shoes, but no big deal at this point. I don’t sweat the small stuff.
What happened next is what really got me, and because of my code, I had to call him out on it. This wholesaler-hopeful walks right in and immediately, upon first glance, announces very loudly among everybody ” Well this is definitely not going to work for me… It needs WAY too much work. So Ill see you later.” Then he left.
Later that day I called him and told him that I didn’t appreciate his actions. I explained that that is not the way I do business, and if he was going to come to MY showing, have respect for MY buyers and MY deal. Otherwise there would be no room for us to do business in the future.
The way I see it is there are too many good, ethical investors out there I’d rather work with.
I hope you have enjoyed this story. I have many more to tell. Not all like this but, interesting none the less.