Saturday Quick Tip -- You Must Understand This Before You Ever Start Wholesaling Houses
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 25 January 2025
⏱️ 16 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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☎️ 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 Jerry Norton. |
| 0:04.0 | Welcome to the Wholesale Hotline podcast and the Flipping Mastery Breakout. |
| 0:08.0 | We want to know how we're doing, so please leave a comment and give us a rating. |
| 0:16.0 | The first thing you have to understand and fully grasp about wholesaling is your primary objective |
| 0:23.3 | and most of your focus is spent generating leads or opportunities. Lead generation is at the heart |
| 0:30.2 | of wholesaling. It is the lifeblood to a wholesale operation. The wholesalers who thrive are the ones |
| 0:36.2 | who learn how to consistently generate leads every single day. |
| 0:40.3 | So let's get clear about what it means to generate leads. |
| 0:43.3 | A lead is simply an opportunity to acquire property at a discount from the value. |
| 0:49.3 | Well, what kind of property owners would be willing to sell at a discount? |
| 0:53.3 | The answer is a distressed |
| 0:55.6 | property owner. Either the seller is personally distressed, such as he lost his job and inherited |
| 1:01.5 | an unwanted property, tired of being a landlord, or dozens of other different reasons. Or the property |
| 1:08.4 | is in distress and needs a lot of work. Usually both. |
| 1:12.6 | Now in wholesaling, we refer to a distressed property owner as a motivated seller. |
| 1:16.6 | And what you need to understand is a motivated seller will gladly sell at a discount |
| 1:21.6 | for the speed and convenience of a cash offer in exchange for peace of mind by getting rid of that unwanted property. |
| 1:30.4 | Now, a motivated seller is more concerned with being alleviated from the stress and the anxiety |
| 1:35.7 | that that property is causing them than they are with price, which is why they will sell at a |
| 1:41.4 | discount. If generating motivated seller leads is the |
| 1:44.4 | lifeblood to a wholesale business, how do you generate consistent leads every day? |
| 1:49.2 | There are two primary methods. The first is working directly with real estate |
... |
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