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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

The Importance of Dispositions in Real Estate

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Wholesaling Real Estate, Business, Investing, Rental Property, Real Estate, Real Estate Investing

2.5884 Ratings

🗓️ 30 October 2023

⏱️ 9 minutes

🧾️ Download transcript

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Transcript

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0:00.0

Let's talk about dispositions because I feel like that's like something not sexy but I feel like it's very important.

0:06.4

Yeah, yeah, it's like the most important especially when you're wholesaling.

0:09.6

Yeah, disposition so that's the job I've done since basically 20-20 to now yeah

0:15.6

and yeah it's especially in wholesale because we've been we used to be like we were

0:19.1

70% flipped 30% wholesale market kind of shifted and we basically went to like 90% wholesale, 10% flip.

0:26.0

And that's when it got like to be super important because you know like that when that weird July 1st hit last year, especially in Vegas,

0:31.4

like when the market basically just stopped.

0:34.3

You know, like, and like, we were still having trouble moving deals, and that's when we really

0:37.1

had to, you know, like bear down and start just making those like individual phone calls.

0:41.6

Yeah. And like, instead of just like, you know, like it was so easy to sell deals in

0:44.8

20 21 yeah then we then 2022 is super super easy to then like basically

0:49.9

quarter three is when like it basically stopped we had like go and we bought a list of like we used

0:54.2

audantic we bought like buyer sonar list of like every LLC that was purchasing in that time frame.

0:58.9

Like I was going single dialing these people trying to get them on the phone like hey I've got these deals like

1:03.7

they're good deals you know I know the market shifting but like there's something you

1:06.8

still kind of buy and it was just like basically not you're not begging people to buy

1:10.5

him but it was like a grind to try to sell deals like we're scraping you know three to we were doing you

1:15.4

know 60 70 80 thousand dollar wholesale fees in 2022 or 2021 and now I'm scraping

1:20.8

like 3K fees like begging these people to buy these deals you know so it's it's very important to have your dispositions correctly and that's basically like

1:28.4

It's it's like it's a very important wholesale business got it because you, it's one thing when you flip in a house,

1:33.9

you buy, renovate, and redo it on the market,

1:35.9

but like having those relationships with buyers

...

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