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Wholesale Hotline | Brent Daniels

Don’t Use Your Own Money In Real Estate -- Do This Instead | Subto Breakout

Wholesale Hotline | Brent Daniels

Wholesale Hotline

Business, Investing

4.9586 Ratings

🗓️ 23 February 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

On today's Wholesale Hotline Podcast (Subto Edition), we listen in to a Pace Morby phone call with someone looking to invest in real estate.

Show notes:

  • Pace's advice to someone looking to invest.
  • The importance of understanding your role and what you want to do in real estate.

 

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🚧🚧🚧 DISCLAIMER 🚧🚧🚧

I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY

Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, Pace Morby here. Welcome to Wholesale Hotline Podcast. Today, we're going to be talking about

0:04.0

wholesaling and how you can get started. But I want to tell you, wholesaling is not just an amazing

0:08.2

way for you to get started in real estate, but you can also build cash flow and build a portfolio

0:13.5

in the process. Today's episode, you will walk away with tremendous notes. And I want you to remember

0:19.2

we do a live episode every Monday night

0:22.5

over on my YouTube channel, YouTube.com forward slash pace morby. Head over there and you can meet

0:28.4

other audience members and do deals in the live chat. Remember to subscribe, give us a little bit

0:34.5

of love, and make some comments in the show notes down below so we know what to talk about in the future enjoy today's episode

0:44.7

hey guys from time to time I get a question about hey if I already have money

0:49.1

10 grand 20 grand 50,000 dollars where should I put it where should I start now

0:53.9

my answer is very

0:55.0

often the same exact answer. The problem with any answer is that it is specific to the person who's asking the question. So today, we're going to be having a conversation with a guy named Ty. I met Ty a couple of days ago at a Houston meetup. If you guys aren't going to any meetups, Go to where is pace.com to make sure you know where I'm going, what events I'm speaking at,

1:13.3

what meetups I'm going to any meetups, go to where is pace.com to make sure

1:10.9

you know where I'm going, what events I'm speaking at, what meetups I'm going to be attending,

1:14.7

etc. You guys can come out and have conversations with me. Now, Ty asked me a question as I was standing in line, meeting everybody, and he said, I have 50 grand. What should I do first? And I'm like, oh man, that's such a hard question to ask while we're in line because it requires probably a 20 minute, 10 minute, seven minute, 35 minute phone call.

1:31.5

Okay. man, that's such a hard question to ask while we're in line because it requires probably a 20

1:28.0

minute, 10 minute, 7 minute, 35 minute phone call, okay? And I'm about to call tie in about two

1:34.2

minutes and this is my thought process. Whenever I'm thinking about somebody, this is you. You

1:39.6

obviously want three things. You always want to be more, right? You want to work on your personal self.

1:45.7

You want to be more. You want to have more, meaning more money, more options, et cetera. And you

1:51.5

want to do more, right? More vacations, more whatever, right? You want to have more, be more,

1:56.2

do more. That's what you want. You just essentially want more. And that's too ambiguous of a conversation to have. And so today we're going to talk to Ty. I'm going to call him here in a second. You want to be more, have more, do more. Perfect. What does that mean? How much money do you have? I think Ty has 50 grand is what he's saying. But I think most people I answer that question to are going to be somewhat similar regardless of the amount of money it's more about the person

...

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