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

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

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

a portfolio in the process. Today's episode, you will walk away with tremendous notes.

And I want you to remember, we do a live episode every Monday night

over on my YouTube channel, YouTube.com forward slash pace morby.

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Enjoy today's episode.

Is fixing and flipping dead?

You guys have heard me say this a thousand times.

I don't want to flip.

I don't want to do fix and flips.

People that are flipping are flipping stupid.

In fact, you know why we have a dumpster here? Because flipping is nothing but trash, guys. It's freaking horrible. You know what? We are flipping this house. I brought a whole bunch of people here so I can show them how we're making money. And more importantly, I want to show you guys the best person in this project, how much money they're putting in,

how much money they're putting out,

how much work they're putting in, and how much they're taking home. It's not me. The person who's making the most money here is not me. I wanna break that down for you guys with this little fancy pen. Let's go into the project. And I'm also gonna show you guys why fixing and flipping is so risky and why somebody like me would continue to fix and flip,

well, the answer is I'm doing with no money out of my pockets. Why fixing and flipping is so risky and why somebody like me would continue to fix and flip.

Well, the answer is I'm doing with no money out of my pocket. So let's break it down. Come on in. All right. So this project actually came from Josh, somebody in the sub two community. He's been in the sub two community for five years. And so he's a little bit more advanced. What I want to do right here is break down the parties involved in this project, how they're making money, what skills they have, what risk they have, and where you can possibly fit in based on where you currently are in your face. Okay. So the seller of this house, living in the home for a considerable amount of time, was a family, family of four, two kids, mom and dad. They wanted to move to Wyoming. Their house had been

basically unrenovated for 40 years. And they said, I don't want to go sell through a real estate

agent. So what they did is they called one of my students, his name is Josh. And Josh, who spends

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