5 Tips for Cold Calling Pre-Foreclosures in Wholesale Real Estate | TTP Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 13 March 2023
⏱️ 21 minutes
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Summary
Today on the Wholesale Hotline Podcast (Wholesaling Inc Edition), Brent is joined by Todd Toback to break down how to approach pre-foreclosure sellers versus a regular distress property owner.
Show notes:
- How to approach a seller in pre-foreclosure.
- Why the seller should do most of the talking on pre-foreclosure calls.
- What is "stealth mismatch" and why it'll get you more deals.
- The importance of tone matching.
- Todd breaks down verbal commitments and how to use them.
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☎️ Welcome to Wholesale Hotline & TTP Breakout🦏🍌! ☎️
Brent Daniels is a multi-million dollar wholesaler in Phoenix, Arizona… and the creator of “Talk To People” — a simple, low cost, and incredibly effective telephone marketing program...
Also known as “TTP”... it helps wholesalers do more, bigger, and more profitable deals by replacing traditional paid advertising (postcards, yellow letters, bandit signs, and PPC) with being proactive and taking action every single day!
Brent has personally coached over 1,000 wholesalers enrolled in his “Cold Calling Mastery” training, and helped 10,000’s of others who listen to him host the Wholesaling Inc. podcast, watch his YouTube channel, and attend his live events...
A natural leader, Brent combines his passion for helping others with his high energy, “don’t-wait-around-for-business” attitude to help you CRUSH your wholesaling goals as quickly and easily as possible!
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💲 USE THIS LINK FOR DISCOUNTS AND FREEBIES TO USE IN YOUR BUSINESS: ttplinks.com 💲
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Service for Distressed Property Lists and Property Valuations - “TTP Data!”: http://ttpdata.com/
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | You are listening to another TTP breakout with Brent Daniels on the Wholesale Hotline podcast. |
| 0:07.0 | Do we approach pre-foreclosures any differently than we do a regular seller right and the answer is well yes to |
| 0:22.5 | no right yes and the fact that these people are more sensitive right that that they're going to be |
| 0:27.5 | trying to hide it hiding more they're feeling more vulnerable there's ego involved right if you've got a |
| 0:32.1 | man in his house and you approach him about foreclosure he doesn't want you know some some guy coming to his |
| 0:39.1 | house and saying i know you're in trouble yeah yeah right yeah we have egos right i mean men and women |
| 0:44.5 | two men are worst you know but um they don't want to release that so we use a technique across |
| 0:49.6 | all uh all areas of sales called this stealth mismatch but in pre-foreclosures it's much more important so the |
| 0:56.8 | idea is like if you go to a car dealership and you're on there on the lot and a salesman walks up to you |
| 1:01.9 | and they ask you if you were interested in buying a car you say i'm just looking and that is because |
| 1:07.2 | you're scared you don't want to give information you're going to clam up and that's what 90% of sellers do. Right? They do not tell you the truth. So what we do with a stealth mismatch is that it works just like it sounds. It's stealth. The seller doesn't really see what you're doing. But you mismatch the seller. So you say the complete opposite of what the seller is expecting. So you may say, Mr. Seller, it sounds like you've got all the |
| 1:31.5 | time in the world on your house. You probably don't need to sell. You've got this handled, |
| 1:36.1 | but would it be even worth a conversation about talking about your house? |
| 1:39.8 | Right. And even like start walking away. I know, I know you're good. And hopefully you're going to let's say it response. Well, wait, hold up, hold on. I don't have it completely handled, right? And then just shut up. Right. And that's the key. After you do a stealth mismatch, shut up. Don't say a word. A lot of people say, Todd, I wish I could shadow you for a day, right? |
| 2:04.0 | I wish I could hear you talk to a motivated seller. Yeah. I can tell you it's very boring, right? |
| 2:09.2 | Because you're not going to learn much for me talking because they're doing all the talking. |
| 2:13.4 | Yeah. Yeah. And that's what's key. I mean, I think, you know, I get it. And I get the same kind of questions about cold calling. But once you open it up, the first 30 seconds, most of the time it's just them talking. I mean, I do these cold call breakdowns. And it's mostly the owner talking and just kind of letting us know what's going on. So, I mean, it's, once you ask the right questions, the seller should be talking more than you are. The seller should be talking to, but the pullaway we talked about this, being reluctant, you also do not want to be like face to face. You don't want to be like in their face, right? You want to back away, you want to beat to the side, |
| 2:51.5 | have your body language, you're very, very, very non-threatening. I know I'm going away from the mic here, but I'm trying to visually talk about here. Yeah. Right? And then just say, hey, look, you know, you want to use it in a couple of different ways. So the pull away is also you can use it as a question. So you could say, Mr. Seller, I'm not sure if this would be a fit or not. |
| 3:09.0 | You're probably not interested in this. |
| 3:10.7 | But what if I could make you... away is also you can use it as a question. So you could say, Mr. Seller, I'm not sure if this |
| 3:08.1 | would be a fit or not. You're probably not interested in this. But what if I could make your |
| 3:11.8 | payments and then give you $30,000 for your equity? Is that something that you'd even consider |
... |
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