I just made a video about my wholesaling journey.
The truth is, we thought wholesaling would make us rich, but instead, we built ourselves expensive jobs.
Here's what a typical month looked like:
80% of our energy on direct-to-seller marketing
Grinding 10-hour days as the main closer
My partners drowning in TC work
Moving large amounts of money...keeping scraps
We were doing 6 wholesales per month. But one dry month meant all liquidity gone.
The breaking point: most of our deals weren't even in our buy box.
We were helping other investors build wealth while we stayed broke.
Then we discovered the Jacket Strategy.
Here's What We Did: Buy → Rehab → Refinance → Seller Finance
Stopped cold calling entirely. We built relationships with wholesalers who brought us deals.
Found 3 trusted GCs (experienced flippers became our contractors).
Partnered with DSCR lenders for refinance.
Sold on long-term lease options to first-generation families.
Now we’re taking the same properties we would have wholesaled a few thousand on and turning them into $100K+ seeds.
This gave us real cash flow—not rental cash flow.
No CapEx. No tenant calls. No vacancies.
The best part is that families have ownership mindset and handle repairs. That makes us lien lords, not landlords.
Do this 10 times = $5,000-$10,000/month in mailbox money.
That's when everything changes. When you stop living from urgency and start asking yourself what actually sets your soul on fire.
We're not special. We just stopped trading time for money.
Remember: wholesaling taught us incredible skills—sales, underwriting, team building. Those skills are ours forever. But it’s not why we got into real estate.
It was to build generational wealth, not trap yourself in another high-paying job. If that resonates with you...let me know what you think of the video.
To your freedom,
Phil