Six months, about $50,000, and the first deal
JDL Ventures started as a wholesale desk run on nights and weekends while our founder, Douglas J. Beck, was still in Johnson & Johnson's IT Leadership Development Program. Deals were sourced, funded and closed virtually from day one. The first six months cost more than $30,000 in education and nearly $20,000 in marketing before the first close.
The breakthrough came from changing seats. Instead of competing for every property, JDL became the buyer network other wholesalers sold into. The first virtual assistant was hired within two weeks of that first deal, and more than 100 team members have worked with JDL since.
The lessonSell the shovels. Serving the people chasing deals beats chasing every deal yourself.