480: Making $200k a Month After Being on the Verge of Bankruptcy

<p>At one point, <strong>Dan Brault</strong> had a construction company working on custom builds in upstate New York. He had<strong> left behind a successful sales career </strong>to do it and although<a href="https://www.biggerpockets.com/blog/2015-07-13-surprisingly-simple-reason-feel-stressed" rel="noopener noreferrer" target="_blank"> he was <strong>highly stressed</strong></a>, he felt all of his hard work was going to be rewarded sometime soon. That is, until, he had a huge project that <strong>went over budget, over the timeline</strong>, and forced him into <strong>$400,000 worth of debt</strong>.</p><p>Dan <strong>closed his company, went back to sales</strong> and started to think about what he did wrong. Was it the leadership? Was it the system? Was it just bad luck? Dan went to work, doing whatever he could to level up his business skills so he could<strong> get back into </strong><a href="https://www.biggerpockets.com/blog/should-you-quit-your-9-5-job-for-real-estate" rel="noopener noreferrer" target="_blank"><strong>real estate full-time</strong></a> and do so in a way that allowed him to scale.</p><p>Now, after going through many of life’s lessons, Dan is doing phenomenally, with him and his team <strong>closing on 12+ wholesale deals a month</strong>, getting him close to <strong>$200k in monthly revenue</strong>. He credits his success to his systems, his team, and the way he<strong> pivoted his leadership </strong>that allowed the entire company to work as one well-oiled machine.</p><p>In This Episode We Cover:</p><p>The <strong>danger of buying cheap homes </strong>in C or <a href="https://www.biggerpockets.com/blog/2016-01-16-newbies-dont-buy-d-class-investment-properties" rel="noopener noreferrer" target="_blank">D-class neighborhoods</a></p><p><strong>On-market vs. off-market properties </strong>and which investors should go for<a href="https://www.biggerpockets.com/blog/finding-real-estate-deals-off-market-best-kept-secret" rel="noopener noreferrer" target="_blank"> off-market deal