Make $100,000 Per Month | How Short Selling Works with David Randolph
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 19 April 2023
⏱️ 64 minutes
🧾️ Download transcript
Summary
You may have heard that short sales aren’t a thing anymore, but guess what? That’s wrong! Today, Ryan is talking to David Randolph, also known as the short sale guy. David is a master of a very specific niche that helps homeowners who are in danger of foreclosure, and he has a formula for helping them out of their terrible situation while making money at the same time.
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | In a short sale, you are fighting to stop before closure so you can negotiate with a bank |
| 0:06.4 | to buy it for low price. |
| 0:07.8 | I just had two students in the past two months each make over $100,000 profit. |
| 0:12.9 | The negotiation is far simpler because you're not like taking money out of their pocket. |
| 0:17.9 | I bought a house for $29,600 that I sold for $279,000. |
| 0:23.3 | Come good at this, make a lot of money at it so that you can branch into other areas |
| 0:29.0 | and other things in real estate. |
| 0:30.8 | And right now the banks are dumping the houses and nobody knows about it. |
| 0:34.8 | They can't sell a house if they don't own it. |
| 0:37.8 | They can't own it unless you foreclose on it. |
| 0:40.2 | They can't foreclose on it because there's not the foreclosure companies to do it. |
| 0:44.4 | What's going on, everyone? |
| 0:45.4 | Welcome to another episode of the Wealthy Way podcast for our missions to help you not |
| 0:48.9 | go broke trying to get rich. |
| 0:50.7 | Today, I've got a real estate guy and I got to go back to my roots and go in depth on |
| 0:55.5 | real estate. |
| 0:56.5 | Initially, I don't go super in depth on a niche of real estate, but this one's really |
| 1:01.3 | interesting because it's something that has not in my opinion been around in the last |
| 1:07.2 | couple of years due to the government not allowing anyone to be foreclosed on. |
| 1:12.1 | And that is the topic of short sales. |
| 1:14.6 | And today, I've got David Randolph with me to go over in depth. |
| 1:18.6 | Why that's actually not true and why there's such a big opportunity right now. |
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