Private Money Academy - Real Estate Investing With Jay Conner
Real Estate Investing Show for Professional Investors
Cody Hofhine Real Estate Wholesaling
Jay Conner
Nov 28 2018
Cody Hofhine Real Estate Wholesaling, Co-founder and CEO of Wholesaling Inc
Cody Hofhine, CEO of Wholesaling Inc and Founder of Utah Sell Now is a successful Real Estate investor and sought after speaker. Cody used his background in sales to quickly build a 7 figure Real Estate business that was built on the principles that Tom teaches. A born leader, Cody has played an integral part in the growth of the company and has coached numerous students on how to successfully Wholesale Real Estate.
Wholesaling is the art of finding a deep discounted property. These off market discounted properties are key to successful real estate.
Cody averages $21,000 in profit per deal.
He can do a lot of deals a month with his proven process. He has a team in place and spends about 5 hours a week on wholesaling.
Cody started out in 2010 in insurance. He ended up insuring investors in real estate. He enjoyed what they were doing.
He went full time in real estate three years ago. Cody talks about what he attributes to his success.
Cody looks at his business as a problem solving one.
His advice: Be contrarian. Invest in you. Be an entrepreneur.
Cody's best resources for finding a motivated seller:
1) Off market deals - the property is not on MLS. Cody sends a postcard to leads.
2) Looking for a motivated seller, check to Tax Delinquent list
3) Probate, eviction, code violation (maintenance is behind)
Daily success habits:
Up early for morning pray
Read Scriptures
Read a good self development book
If he can win the first the first hour of the day, he wins the day. Own the first hour. Own the day.
Starts the day off with his four children. Makes them breakfast and drives time to school.
Cody plans his day in the morning. He works on one thing per day. He does more then, than if he tried to do 5 things.
His favourite book: The Compound Effect
https://www.amazon.com/Compound-Effect-Darren-Hardy/dp/159315724X
A second recommendation:
Key Person of Influence: The Five-Step Method to Become One of the Most Highly Valued and Highly Paid People in Your Industry
https://www.amazon.com/Key-Person-Influence-Five-Step-Industry/dp/1781331162/ref=sr_1_1?s=books&ie=UTF8&qid=1542661099&sr=1-1&keywords=Key+Person+of+Influence
Learn more at www.JayConner.com/cody
@codyhofhine - Instagram
https://www.facebook.com/cody.hofhine - Facebook
Podcast: Wholesaling Inc Podcast:
https://itunes.apple.com/ca/podcast/wholesaling-inc/id1051156990
Real Estate CashFlow Conference:
http://bit.ly/jaymoneypodcast
Listen to our Podcast on iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034?mt=2
Channel
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iTunes:
https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034
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