Step-By-Step Guide -- How To Sell A Vacant Lot For $50,000 | Flipping Mastery Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 27 October 2024
⏱️ 35 minutes
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Summary
Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry is here to tell you to stop overthinking the analysis of deals.
Show notes -- in this episode we'll cover:
- Jerry emphasizes that you don't need to use excessive brainpower on analyzing deals upfront.
- Focus on a fast, down-and-dirty calculation to determine if there’s any seller motivation before diving into detailed numbers.
- The two-phase approach: Start with a simple offer to uncover motivation, then move to a detailed analysis only if the seller shows interest in negotiating.
- Jerry offers a free As-Is value calculator to make the process of analyzing deals easier, allowing investors to make offers quickly without wasting time.
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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
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| 0:00.0 | Hey, it's Tiri Norton. |
| 0:04.2 | 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. |
| 0:17.8 | And generally when they ask, you know, how much I'm willing to pay out, I'll shoot it out. Normally a bit lower than what I want to be at just to get a reaction. But for some reason, this time, I kind of like evaded the question. And I was able to spin it onto, you know, well, how much are you guys looking to get for it? And thank God I did because the price she told me was way below what I was going to offer, which was already |
| 0:38.9 | a low offer. That's when you go, you know, that's a little more than I was hoping to pay. |
| 0:44.6 | Okay, Emmanuel, welcome to this interview. I'm excited to talk to you about a deal that you did. |
| 0:49.6 | Not sure if it was your first deal, but this was a $50,000 assignment. Is that right? Yeah, that's correct. It was not my first deal, but it was a $50,000 assignment. Okay. We're going to talk about this here in a minute. It wasn't $85,000 deal originally and cut down a little bit. So we'll hear the whole story. Pretty exciting. Congratulations on that. That's land deal too right was a it was a lot not a house correct that's right i think i |
| 1:16.9 | talk about this a little bit from time to time but wholesaling land is a gem it's a little bit of a |
| 1:23.5 | hidden secret we've talked about it on these calls that I do with my community a little bit |
| 1:28.8 | and in some of my content. But if you guys don't have vacant land on your radar, I really think you |
| 1:35.8 | should because there's some tremendous opportunity with lots, as we'll talk about today. So, |
| 1:41.6 | Emmanuel, great to meet you. Tell us a little bit about you, what market |
| 1:44.8 | you're in when you got started. And what I'd like to find out from you is from when you found out |
| 1:49.5 | about real estate to when you took action, which has picked up the phone, to when you got your |
| 1:55.1 | first deal, help us understand that timeline. So tell us a little about you. Yeah, sure thing. So I just |
| 1:59.5 | want to start by saying thank you very, very much for having me on this call. It's honestly, it's a huge honor. |
| 2:06.7 | You were one of, if not the first, you know, guys that I was watching on YouTube to kind of understand |
| 2:12.7 | the game. So it's kind of surreal for me to kind of be on this call and being interviewed by you. So thank you |
| 2:18.5 | very much for having me. So yeah, just a bit about myself. My name is Emmanuel. I'm 28 years old. |
| 2:23.5 | I live in Montreal, Canada, and I wholesale vacant infill lots in Charlotte, North Carolina, and the |
| 2:30.9 | surrounding areas. So basically an hour within Charlotte. Many people |
| 2:36.2 | asked me, how come I chose Charlotte? It was a complete fluke. I think I actually saw one of your |
... |
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