Foreclosure Expert Explains How To Buy Real Estate For Pennies On The Dollar | Subto Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 5 July 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline Podcast (Subto Edition), Pace Morby is joined by the Michael D. Franke from Kansas City to discuss all things foreclosure.
Show notes -- in this episode we'll cover:
- Michael explains the foreclosure process..
- What is the psychology and mindset of home owners during different stages of the foreclosure process.
- How to get in contact with foreclosure sellers and how you should speak to them.
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Transcript
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| 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 way for you to get |
| 0:08.9 | started in real estate, but you can also build cash flow and build a portfolio in the process. |
| 0:15.1 | Today's episode, you will walk away with tremendous notes. And I want you to remember, we do a live |
| 0:20.5 | 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 |
| 0:38.8 | Enjoy today's episode |
| 0:42.2 | What does a foreclosure process look like? Well, I've got Michael D Frankie here |
| 0:46.1 | D for door knocking go over to his YouTube channel if you want to learn more about door knocking |
| 0:49.7 | pre foreclosures and working with pre foreclosures This dude's freaking knocking doors live in Kansas City, Missouri and Kansas City, Kansas. |
| 0:59.0 | Kansas. Okay, great. Today, guys, we're going to be talking about what does the process of a foreclosure look like? Where are the deals typically getting done in this timeline? What is the mindset of the seller while they're going |
| 1:11.2 | through these steps in the process, how sellers in the beginning are different than the |
| 1:15.4 | sellers of the end, and Michael Frankie is here to hang out with me. Thanks, bro. |
| 1:19.3 | Oh, thank you for having me. Okay, walk me through this. Okay, so obviously pre-foreclosure |
| 1:25.0 | means they're behind on their payments, right? |
| 1:29.4 | So there's a timeline in each state. |
| 1:36.0 | And generally, you get about three months behind is when we start having lenders reach out. |
| 1:39.6 | What's it like in your state, Pace? |
| 1:40.0 | Same thing. |
| 1:40.6 | Same thing. |
... |
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