In wholesale real estate, the best opportunities are often hidden in plain sight, overlooked by many but waiting to be uncovered by those with the vision and determination to see their potential. Pam Fisher’s inspiring journey exemplifies how creativity, persistence, and a keen eye for opportunity can transform undervalued properties into profitable ventures. Whether it's turning a “wobbly box” into a cash-flowing investment or leveraging technology to simplify the hunt for deals, Pam’s story offers practical lessons for anyone seeking to find value where others miss it.
Pam's experience is a testament to making the most of underappreciated assets. As she recalls, her first deal involved a manufactured home, or a "wobbly box" as she calls it. This wasn't just any property; it was one that many investors might typically overlook. But Pam's eye for potential transformed this deal into a highly profitable venture.
For those new to real estate investing, Pam offers invaluable advice: start by taking action. The fear of not knowing everything shouldn't hold you back. Here are some tried-and-true strategies Pam recommends:
Pam’s approach to real estate is anything but one-dimensional. While she loves buy-and-hold strategies for their potential appreciation and tax benefits, she's also involved in flipping houses, offering lease options, and even retail sales. Each deal is unique, and Pam believes in triaging each opportunity much like she would in her previous career as a nurse:
One of the most rewarding aspects of real estate for Pam is transforming neglected properties into beautiful homes. Whether it's through remodeling or strategic placement of manufactured homes, the process of turning a dilapidated building into a vibrant living space is incredibly fulfilling.
"The logic and process of remodeling, buying, and repeating was totally within my realm of what I was doing already as a nurse," Pam explains. "It's a thrill of the deal every time."
Not too long ago, Pam encountered a gentleman with 13 acres of land and an old house. He had been receiving her postcards for some time and eventually reached out, impressed by her persistence. This deal, like many others, required creative thinking and negotiation skills, but the payoff was well worth it.
Today’s real estate investors have the advantage of technology to streamline their operations. Pam swears by DealMachine, an app that simplifies the process of identifying and pursuing potential deals. By automating tasks such as sending postcards and following up with leads, Pam can focus on what she does best—negotiating deals and transforming properties.
Looking ahead, Pam plans to continue her current strategies while expanding into new areas. She is particularly interested in small to medium-sized multifamily properties and sees affordable housing as a crucial need that she can address. Her goal is to provide viable housing options for communities that are often priced out of the market.
Pam’s success in real estate underscores a valuable lesson: the most profitable opportunities often lie in places others ignore. By combining creativity, persistence, and strategic thinking, she has transformed underappreciated assets into thriving investments. Her journey serves as a powerful reminder that success in real estate isn’t about following the crowd—it’s about looking where others don’t and taking bold, informed action.
If you’re ready to begin your own real estate journey, remember Pam’s advice: take the first step, embrace learning, and remain adaptable. With the right tools, a strong network, and a clear vision, you can carve out your own niche and build a rewarding career in real estate. Stay tuned for more inspiring stories, actionable tips, and strategies to help you on your path to success. The next big opportunity could be waiting right where you least expect it!