#354: Find 20% Price Discounts on Rental Properties (Consistently!)
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 29 July 2024
⏱️ 46 minutes
🧾️ Download transcript
Summary
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
https://www.coachcarson.com/rpm
🎙️ Episode #354 – If you can make money when you buy, that becomes the main catalyst. Justin shows you how to become a go-to buyer for wholesalers. Learn how to build strong relationships with wholesalers, create a clear buy box for quick decisions, and prepare for fast, reliable transactions.
▶️ Next Episode: How to Analyze a Duplex Rental Property
https://youtu.be/MPbuwBH_ZDo?si=IOBeTeVZjehOHXEO
📄 Show Notes:
https://www.coachcarson.com/wholesalerdiscount/
🎬 Timestamps:
0:00 - Chad's strategy for busy buyers
2:05 - What is a wholesaler?
4:55 - The importance of deal finding
8:25 - How to become that "go-to" buyer
14:45 - Steps to wholesaler transactions
17:27 - How to qualify as a wholesale buyer
19:42 - Closing process with wholesalers
26:52 - Building relationships with wholesale buyers
31:59 - Building trust with wholesalers
41:38 - Combining MLS, Drive for Dollars, and Wholesalers
44:43 - How to Analyze a Duplex Rental Property
🔗 Connect with Justin:
• Facebook: https://www.facebook.com/profile.php?id=100045631728890
• LinkedIn: https://www.linkedin.com/in/justin-foster-3a7b3014/
Find Justin in Coach Carson's private community, Rental Property Mastery: https://www.coachcarson.com/rpm
--------------------------
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💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine
Transcript
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| 0:00.0 | Wouldn't you love to consistently find great deals as a real estate investor? |
| 0:03.6 | You know those properties at excellent locations that you can buy at a 10, 20, or even a 30% discount? |
| 0:09.0 | The problem is it's hard to find these deals. |
| 0:11.4 | It usually takes a lot of marketing money, a lot of time, and a lot of skills to negotiate for these properties. |
| 0:17.1 | Except for one particular strategy, which has become my favorite recommendation for deal finding, |
| 0:22.9 | especially for those investors who are doing this part-time. |
| 0:25.9 | This strategy is all about becoming a go-to buyer for other investors called wholesalers |
| 0:31.0 | for the people out there finding these great deals. |
| 0:34.2 | And in this episode, I'm going to teach you how to use this strategy to buy an extra |
| 0:37.6 | one or two amazing properties per year. And we're getting started right now. |
| 0:50.6 | Welcome to the podcast Real Estate Investing with Coach Carson. I'm your host, Chad Carson. You can also call me Coach Carson, and this is a show to help you get out of the financial grind so you can spend your time doing more of what matters. To help me teach this topic, I've invited real estate investor Justin Foster, who owns dozens of rental properties himself and who has also become an expert at deal finding in his home market of Tulsa, Oklahoma. |
| 1:11.8 | Now let's get to our conversation. |
| 1:14.2 | So I've got my friend Justin Foster, and I want to have a conversation with you, Justin, about a topic that you and I both know is super helpful. |
| 1:22.6 | That is being a go-to buyer for off-market properties from wholesalers, from people who are out there finding |
| 1:29.7 | deals, who can bring deals to us. And the reason I wanted to talk to you specifically about this, |
| 1:34.9 | you not only are an investor, a rental investor who has a portfolio of properties, but you've |
| 1:39.5 | wholesaled yourself hundreds of properties over the last couple of years. You just have an inside |
| 1:43.9 | track on this. |
| 1:45.4 | So thank you for being here to help me have this conversation. Thanks for having me, Chad. |
| 1:49.3 | I'm looking forward to this one. So the first thing I want to unpack here is I've outlined |
| 1:55.5 | already some of the benefits of finding deals and that you've got to be a deal finder. |
| 2:04.3 | But I want to talk specifically about finding deals from wholesalers. |
... |
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