Saturday Quick Tip -- STOP Finding Cash Buyers BEFORE You Have A Deal (Do This Instead)
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 19 October 2024
⏱️ 17 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline Podcast (Special Saturday Edition), we help you start your weekend right offering tips, news and mindset advice.
Show notes -- in these episodes we cover:
- Tips to level up your wholesaling business.
- Motivation to keep you going on your real estate journey.
- The latest industry news to keep you updated.
Please give us a rating and let us know how we are doing!
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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. |
| 0:04.2 | Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout. |
| 0:08.2 | We want to know how we're doing, so please leave a comment and give us a rating. |
| 0:18.1 | Stop looking for buyers. You don't need a buyer's list. You need a buyer. |
| 0:23.6 | Cash buyer first deal second is not the best use of time. I'm going to show you how easy it is to find a buyer. |
| 0:29.6 | In fact, stop JD in your deals. You don't really need to do that when you know how to find a buyer. |
| 0:34.6 | Now today I'm going to show you everything you need to know and understand about cash buyers. |
| 0:39.5 | Okay, first of all, when it comes to buyers, |
| 0:42.0 | it's important to understand who the buyers are in the market |
| 0:45.5 | and where they fit in the ecosystem |
| 0:48.4 | from highest to lowest paying buyers. |
| 0:51.0 | So think about it. |
| 0:52.1 | If we were to take a buyer in the marketplace that's retail, they are going to be the highest paying buyers. So think about it. If we were to take a buyer in the marketplace that's |
| 0:54.7 | retail, they are going to be the highest paying buyer. Their retail, they're going to pay fair |
| 1:00.0 | market value because they're going to live in the home. Their use is to live in the home, |
| 1:04.0 | not make money, so they're going to be the highest paying buyer. The next one is going to be a |
| 1:08.0 | buy and hold investor. Buy and hold investor. |
| 1:11.1 | Now why a buy and hold investor? |
| 1:13.1 | Because they're renting it for cash flow |
| 1:15.1 | and they're not going to invest as much into the property, most likely. |
| 1:18.9 | They're going to do some carpet and paint, |
| 1:21.4 | some minimal repairs. |
... |
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