How Being Adaptable & Flexible Can Make You Rich

Coach Corey Wayne

Society & Culture, Relationships

4.6 • 532 Ratings

🗓️ 27 August 2021

⏱️ 35 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

How high achievers look for ways to make the best of a bad situation to succeed like never before.

If you have not read my book, “How To Be A 3% Man” yet, that would be a good starting place for you. It is available in Kindle, iBook, Paperback, Hardcover or Audio Book format. If you don't have a Kindle device, you can download a free eReader app from Amazon so you can read my book on any laptop, desktop, smartphone or tablet device. Kindle $9.99, iBook $9.99, Paperback $29.99 or Hardcover 49.99. Audio Book is Free $0.00 with an Audible membership trial or buy it for $19.95. Here is the link to Audible to get the audiobook version:

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You can get my second book, “Mastering Yourself, How To Align Your Life With Your True Calling & Reach Your Full Potential” which is also available in Kindle $9,99, iBook $9.99, Paperback $49.99, Hardcover $99.99 and Audio Book format $24.95. Audio Book is Free $0.00 with an Audible membership trial. Here is the link to Audible to get the audiobook version:

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You can get my third book, “Quotes, Ruminations & Contemplations” which is also available in Kindle $9,99, iBook $9.99, Paperback $49.99, Hardcover $99.99 and Audio Book format $24.95. Audio Book is Free $0.00 with an Audible membership trial. Here is the link to Audible to get the audiobook version:

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Transcript

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0:00.0	So what was going on at the time was that James, Paul, and I, we had a very successful
0:07.9	foreclosure business where we were flipping probably eight to 12 different properties a month.
0:13.5	And a couple of them we were keeping for ourselves, but most of them because there were just
0:16.9	so many amount there, we would flip to other investors.
0:19.3	We would provide them financing
0:20.9	we would teach them how to fix them up what color to pain them what what kind of repairs to do
0:27.0	and so we would make a money as kind of like a finder's fee for flip them and i was making i don't
0:31.3	150 160 grand a year i was 28 29 years old but the way j way James Paul and I had set our company up and how we would buy properties, like Paul had access to the MLS system, which was a multiple listing service.
0:47.4	And then I had exclusive access to the HUD property, the HUD foreclosures, which were, you know, FHA loans that had gone bad.
0:54.9	And then I also had probably, I don't know, maybe 30 realtor contacts that I developed over the
0:59.8	previous two, three years that were experts.
1:03.2	And they were the ones that always had foreclosure properties coming to them.
1:06.9	And so the deal that I had with these brokers was that if you, you know, like usually it would get like the bank would contact him at the time like First Union, which I don't know who First Union became, but like I had one of them. Like First Union had a lot of foreclosures. And so the guy was a remax broker that would get all those listings. And so what he did was he would call me up.
1:28.3	He'd be like, hey, Corey, I got this new property. I got to do a BPO, which stands for a broker
1:31.9	price opinion. And so that's where he goes out, looks at the property, takes pictures, kind of figures
1:37.8	out what the actual value is and what he thinks he can sell it for. And then there's usually two
1:42.9	to three weeks from the time he
1:44.8	submits his BPO to where it actually goes on MLS and then everybody can bid on it. And the deal
1:50.3	that I had with them, I was like, hey, if we can get this thing under contract before it actually
1:55.2	goes into MLS, then you'll be my buyer's agent and keep 100% of the real estate commission. So,
2:17.6	and those properties, it was like a 6% real estate commissioning like that because if it didn't, and I was just bidding against everybody else, it was 3% for them, 3% for us. And so it basically doubled the commission for them. So they loved that. And so these different realtors were calling me up. I'm like, hey, I get this property. You want to go check it out with me i like sure so i'd literally go out there you know three four
2:22.4	weeks before the property ever hit on mLS and anybody knew about it and i would do my numbers on it
	...

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