Make $50K This Month With Foreclosures (No Money Needed) -- The Only Thing You Need to Close Foreclosure Deals | Subto Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 19 September 2025
⏱️ 14 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline Podcast (Subto Edition), Pace Morby sits down with Michael Franke, a doorknocking master to break down the art of doorknocking in real estate.
Today's episode is part of our Throwback Series where we re-air some of our most popular shows. This episode originally aired on 6/7/2024.
Show notes -- in this episode we'll cover:
- Michael highlights the importance of tracking metrics like doors knocked, conversations had, and deals closed (the exact numbers you need to hit).
- Persistence is key -- Pace advises beginners to knock on at least 100 doors before expecting results.
- Michael emphasizes using SMS, calls, and social media to follow up with potential leads from initial door knocking efforts.
- Michael is making about $25K per deal -- here's how you can to in the next 30 days.
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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY ❎
Transcript
Click on a timestamp to play from that location
| 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 |
| 0:08.2 | way for you to get started in real estate, but you can also build cash flow and build a portfolio |
| 0:13.5 | in the process. Today's episode, you will walk away with tremendous notes. And I want you to remember |
| 0:19.3 | we do a live 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. |
| 0:39.2 | Enjoy today's episode. |
| 0:45.7 | When knocking foreclosures, there's nobody better to talk to than Michael Frankie. |
| 0:49.8 | Michael Frankie has an amazing YouTube channel. |
| 0:51.6 | You guys should go over and check it out. |
| 0:52.6 | We'll put the link in the description down below. |
| 0:55.0 | Today, we are not going to be talking about his business. He's got a 14-man team. You don't have a 14-man team. I already know it. Hell, I don't have a 14-man acquisition team. This guy's a gangster. Today, we're going to talk about what it takes in terms of numbers, KPIs when door knocking or reaching out to foreclosures, specifically, not foreclosures. Some people get confused by that. Let's just say pre-foreclosures, people that have not been foreclosed on yet. Michael, what's up, dog? Hey, thanks for having me. Of course. KPI's, what the hell does KPI mean? Key performance indicators. It's the different metrics in your business that you really need to track to make sure you're hitting your target. |
| 1:31.3 | Okay, so trackables, right? |
| 1:33.3 | So you want to say, I'm going on a 500 mile road trip. |
| 1:38.3 | That means I need to hit 50 miles. |
| 1:39.3 | I have to be there in 10 hours. |
| 1:41.3 | That means I have to do 50 miles every hour to hit my target. |
| 1:45.2 | Okay, that's a KPI, a measurable, a key performance indicator. So if after two hours I've only |
| 1:50.2 | gotten 30 miles, we got a problem. Houston, we got a problem. So in order for us to know whether |
| 1:55.4 | I'm on track or off track in my door knocking pre-foreclosure business, we've got to have some |
... |
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