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Wholesale Hotline | Brent Daniels

How I Make Millions Wholesaling (And Why It’s The Best Strategy) | Flipping Mastery Breakout

Wholesale Hotline | Brent Daniels

Wholesale Hotline

Investing, Business

4.9586 Ratings

🗓️ 14 January 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

Today on the Wholesale Hotline Podcast (Flipping Mastery Edition) Jerry has a fun conversation on why wholesaling is such a great business model.

Show notes -- in this episode we'll cover:

  • Jerry breaks down why wholesaling is such an amazing business.
  • The pros and cons of wholesaling vs other real estate niches.
  • Why wholesaling is all marketing and sales.

 

 Please give us a rating and let us know how we are doing!

 ☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️

Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
 
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Transcript

Click on a timestamp to play from that location

0:00.0

Hey, it's Tiri Norton.

0:03.9

Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout.

0:07.7

We want to know how we're doing, so please leave a comment and give us a rating.

0:15.2

I feel like flipping isn't cool.

0:23.9

If you put wholesaling side by side to flipping is very hard to compete.

0:28.0

Wholesaline will just win because you can scale it.

0:30.8

You can systematize it.

0:31.9

You cannot systematize flipping.

0:33.7

Here's my personal belief.

0:34.8

I think everybody in real estate should become an acquisition company

0:38.7

because then you keep what you want and you wholesale what you don't. That's my philosophy. Keep what I want

0:43.9

and wholesale everything else. I've never over all the years, I've never lost my roots, have always

0:48.7

been wholesaling. There's something about moving a contract, making money and you never had to

0:52.9

own the asset. It's just a magical thing. And in my wholesale businesses, I have multiple operator partners,

1:00.0

and the operator runs the business, and I'm more on the finance and strategic level.

1:05.0

So I'm not in the trenches, I'm not hands-on, and I'm not building or managing the team.

1:09.0

The operator is, and I'm a partner in their business

1:11.8

so my goal is I want to operate a wholesale business at a 50% profit margin I think that's a

1:18.1

really well-run wholesale operation yeah most don't because they start to get fat and bloated

1:22.4

and yes too many people doing this yes and really what I've found this has been my personal

1:26.5

experience you can run a three

1:28.7

million a year wholesale operation with the same team as a million dollar wholesale operation just by

...

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