Tweet

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @taylorawelch

Taylor Welch

@taylorawelch

29 May

My path from zero to 100M (and the trajectory to 1B) 💰

Gather around I have a story to tell... I am the most transparent wealth builder in history and do not see you as competition but as a partners. We win together.

Here’s how I did it 👇

1- 2014 I made $14k at a church...

It was my dream for a long time but I knew it wasn’t what I was called to do long term. I transitioned to a real estate firm and I did property management for $28k/year. Learned on the job...

2- I read 10 books that year...

The Entrepreneurs Guide to Getting Your Shit Together, John Carlton
Getting Things Done, David Allen
The Happiness Advantage, Shawn Achor
The First 90 Days, Michael Watkins
Tested Advertising Methods, John Caples
The Dip, Seth Godin

Read 21 tweets

Taylor Welch

@taylorawelch

29 May

I have 100+ messages about my recent real estate posts.

Ranging from how I got started to how I find deals to how I finance them 🏦 I don’t have time to answer all of them individually...

BUT —

Considering a small 1-day real estate investors event this summer.

✅ how to finance deals at ~5% or under (while still carrying 70% LTV)

✅ how to find your first few deals (and constraints to ensure you don’t lose money on them)

✅ an easy way to finance your first acquisition (wholesaling on some steroids, with a built in client source of cash buyers)

✅ etc etc

I’m CONSIDERING it, nothing locked yet... and it would cost money. Do this — if you’d come or would be interested, throw a comment below.

Read 4 tweets

Taylor Welch

@taylorawelch

28 May

Last Friday I started my Twitter with about 100 followers.

Today I’m at 5,000 and increasing daily.

Although I’m not an expert (yet), I’ve been strategic for my first week and I think it’s repeatable, if you were to model 👇

🏆 Post seriously valuable sh*t

My 3rd of 4th tweet (can’t remember it was a week ago) was a breakdown of how I’ve created $100,000 per MONTH in real estate passive cashflow...

It’s the stuff you’d normally find in a $10k course - posted in a thread, for free.

🏆 Be a decent human

But for real... I’ve helped clients, friends, and colleagues for years now grow their businesses. A few of my past clients and friends are already Twitter pros — they like me because I’m not a self-absorbed hack and helped me get this off the ground.

Read 9 tweets

Taylor Welch

@taylorawelch

28 May

I started first business in 2015 and last month we did $4.7M in revenue.

How? A (sort of) comprehensive list 👇

1. Treat your clients and customers exactly the way you’d want to be treated if you were the customer.

Easier said than done.

2. Don’t overload the features.

Whether you’re selling SaaS, tangibles or “invisible product” like consulting — better to provide 2 things than 200 things. Simplify.

Read 7 tweets

Taylor Welch

@taylorawelch

28 May

It’s not about status...

It’s about buying back your time.

Here’s the scratch math:

[a] how much do you want to make per year?
[b] how much do you want to work to produce it?
[c] divide the income by the hours and you get:

💰 your target hourly rate

Use your target hourly rate to make decisions... not your current hourly rate.

If you want to make $350k/yr and work 20 hrs/week to get it you’ve got an hourly rate of $350/hr... start acting on it. Doing things yourself is costly too (-$350/hr).

RULE: if you can pay less than $350/hr to get something done for you, pay for it and outsource.

-Fly first class (or private if you can swing it)
-Pay for expedited shipping
-Outsource lawncare, cleaning, grocery shopping, etc...

Read 4 tweets

Taylor Welch

@taylorawelch

28 May

I’m buying $3-4m of private real estate every month.

But I didn’t start out with money and I didn’t start at this level. Starting “big” is often a bad idea. I started small and worked my way up.

Here’s how I did it - to model for your own empire:

🏆 You only need one deal

A lot of people overcomplicate it too much. You don’t need 10 deals — you need one deal. One deal under your belt and THEN you can roll the momentum from that into 2, 3, etc...

🏆 My first deal was bad

A small 1800 sf place in Alabama. I thought the rehab would be $25k and it ended up being $40k👎 I purchased for $80k and thought it would be worth $150k, but it wasn’t.. it was worth $120k 👎 all in all I lost about $5k on the deal.

Read 10 tweets

Share this page!

Taylor Welch

Try unrolling a thread yourself!

More from @taylorawelch

Taylor Welch

Taylor Welch

Taylor Welch

Taylor Welch

Taylor Welch

Taylor Welch

Did Thread Reader help you today?

Like this author's thread?