EP302: How This 27-Year-Old Wholesales 50 Deals a Year in Multiple Markets, and Why He Traded his Single-Family Rentals for Self-Storage Facilities

Fernando Angelucci got started in wholesaling when he was 22 years old. Five years later, he has his own wholesale business, single-family rentals, and even self-storage facilities. Fernando takes the abundance mindset to the next level and gives his referral partners 50% of the profits after each closing. Fernando has a ton of amazing and practical strategies to share! Find out how he has made such progress over the last few years on this week's show.   Key Takeaways: Wholesaling is great, but it can be a transactional business. Fernando has a couple of business models that he uses to build wealth. Fernando has been interested in real estate since he was 16 years old. So many people live the life that someone else wanted them to live. What advice does Fernando have for those who aren't happy with their current job? How did Fernando bridge the gap from wholesaling to single-family rentals? On average, Fernando was making around $5K in his wholesale deals and his investors were making $25-40K and on the rentals, they were pulling in 8-12% cap rates yearly. Fernando branched out from Des Moines to Indianapolis and Chicago. How did Fernando scale so quickly out of state? Fernando would provide his sellers with multiple option offers that would best suit their needs. He'd do cash offer, short-term seller finance, and a long-term seller finance offer. How did Fernando get involved in self-storage? Lenders love self-storage. They love it! Self-storage has the lowest default rates compared to any other asset class. Fernando shares what his first self-storage experience was like. Your highest expense will be property taxes. Close to 30% of Fernando's wholesale deals are referral deals. What advice does Fernando have for creating successful partnerships? Fernando shares his morning routine. Mentioned in This Episode:   Click Here to apply for our next Holiday Mastermind in Punta Cana, Dominican Republic! If you are interested in joining our team, you can Apply Here Do you have an existing business? Already closing deals, but feel there is a better way? Connect with Alex here about working with him 1-on-1 Let's Connect on Instagram: @alexpardo25 Connect with Fernando: http://titanwealthgroup.com   Tweetables: "I'm very intrinsically motivated. I'm going to jump out of the airplane without the parachute and I'm going to build a parachute on the way down." "I didn't have a lot of disposable income to hire somebody per se, but I did have time and an abundance mentality." "It doesn't sound sexy. Focus on relationships. Focus on others. It always comes full circle." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!