Wholesaling In 60 Seconds (Daily Wholesaling Lessons) -- Price, Earnest Money, Speed and Inspection Period | Wholesaling Inc Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 13 October 2019
⏱️ 3 minutes
🧾️ Download transcript
Summary
Wholesale Hotline Podcast (Wholesaling Inc Edition), present's Wholesaling in 60 Seconds. We are breaking down Brent Daniel's beginner's series into bite size chunks. This will be a 60 day challenge where we release one small wholesaling tidbit everyday. At the end, you should have everything you need to close your first deal.
Show notes -- in this episode we'll cover:
- Use technology to comp houses.
Please give us a rating and let us know how we are doing!
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☎️ Welcome to Wholesale Hotline & TTP Breakout🦏🍌! ☎️
Brent Daniels is a multi-million dollar wholesaler in Phoenix, Arizona… and the creator of “Talk To People” — a simple, low cost, and incredibly effective telephone marketing program...
Also known as “TTP”... it helps wholesalers do more, bigger, and more profitable deals by replacing traditional paid advertising (postcards, yellow letters, bandit signs, and PPC) with being proactive and taking action every single day!
Brent has personally coached over 1,000 wholesalers enrolled in his “Cold Calling Mastery” training, and helped 10,000’s of others who listen to him host the Wholesaling Inc. podcast, watch his YouTube channel, and attend his live events...
A natural leader, Brent combines his passion for helping others with his high energy, “don’t-wait-around-for-business” attitude to help you CRUSH your wholesaling goals as quickly and easily as possible!
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JOIN BRENT FOR THE LIVE SHOW EVERY WEDNESDAY AT 10:00 AM ARIZONA TIME: https://www.youtube.com/c/BrentDanielsRealEstateCoach/
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💲 USE THIS LINK FOR DISCOUNTS AND FREEBIES TO USE IN YOUR BUSINESS: ttplinks.com 💲
Become a "TTP Insider" for exclusive tools and trainings (it's FREE to join)!: https://www.talktopeople.com/insider/
Want to work with me one-on-one? 📞 Book a call with my team!: https://www.talktopeople.com/coaching
Service for Distressed Property Lists and Property Valuations - “TTP Data!”: http://ttpdata.com/
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🔌 PLUG IN & SUBSCRIBE 🔌
🔸 Brent Daniels's YouTube: https://www.youtube.com/c/BrentDanielsRealEstateCoach/
🔹 Brent’s IG: https://www.instagram.com/brentdaniels_ttp/
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🤝 #SQUADUP & GET MORE DEALS DONE in the Wholesale Hotline LIVE Facebook group: https://www.facebook.com/groups/759418414582645 🤝
‼️‼️Pro tip: Make a post with your market & what you need help with‼️‼️
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I love this. Price, earnest money, speed, inspection period. Here's the little knobs that we can play with in our negotiating. |
| 0:08.0 | Obviously the price, we're pulling that out of the property owner. But let's say, I'll give you a great example. |
| 0:14.0 | I'll give you a perfect example right now. We just locked up a deal last Friday. |
| 0:19.0 | Ryan was negotiating with his older real estate investor. |
| 0:23.0 | And he said, I want 300,000. |
| 0:26.0 | I want no inspection period. |
| 0:28.3 | And I want 5,000 nonrefundable, right? |
| 0:31.9 | That basically means if we backed out for any reason |
| 0:35.2 | that we would lose $5,000, he would get that $5,000. Now the |
| 0:39.3 | properties, it was a good deal. I think fixed up it would go for about 410. But Ryan goes, okay, |
| 0:46.3 | if you want us to commit to $5,000 earnest money and you don't want us to have an inspection period, |
| 0:52.3 | I'm going to have to get it at 285 |
| 0:55.0 | you're going to have to work with me to get it at 285 and he did so remember |
| 1:00.3 | these are the ones that you work with if they want one of these things then you |
| 1:05.0 | can play around with all of this so another example just just so that it's |
| 1:10.7 | clear and that you can actually like start implementing |
| 1:13.2 | this right away is your inspection period, right? |
| 1:16.7 | If you need more time because it's kind of a unique property, but they want a certain |
| 1:21.4 | price, you can say, okay, it's not the price that I really wanted at, but give me a longer |
| 1:26.3 | inspection period. I'm going to reach |
| 1:28.2 | out to my network of other investors and see if they want to do that project at this time, |
| 1:33.2 | but I'm going to need more time to get really loud about it. Does that make sense to you? Yeah, |
... |
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