A real estate investment success story: from prison to wholesaling - Business Insider

Growing up, he was a good kid and an avid athlete. But after hitting high school, he started hanging out with "the wrong crowd," as he described it to Business Insider.

After Lovro was released, he went to live with his aunt and uncle in Columbia, South Carolina, where he began waiting tables at a small restaurant called The Blue Marlin."I would work every single day, relentlessly. I would just work and save, work and save," he continued. "So I started investing in that. I figured I could have one of the largest DJ companies in town and hire a bunch of DJs that I could book out. But then I read the book "," and it completely changed the trajectory of my life," he said.

He studied for about six months before he purchased an investment property out of state for $18,000. Lovro described the investment as a high risk one. "For a new investor, it wa probably not the wisest place to start." It took him nearly eight months to sell it, and he made just a $5,000 profit. However, it was through that first investment that he stumbled into wholesaling — a process in which the wholesaler contracts a home with a seller and then finds someone to buy it.

Lovro then hired another assistant, also in the Philippines, to pull public data for him on distressed properties in his area. Using this public data, Lovro would connect with homeowners to see if they would be interested in selling. "I had so much trouble breaking through that standstill point," he said. "But then I just got better with the systems and the processes and I brought on a couple new cold-callers and got more strategic with the lists that we were hitting.

Now, just three years after his first investment deal, his business brings in an average of five deals a month — which equates to about $50,000 monthly.

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