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Wholesale Hotline | Brent Daniels

Why Sellers Want to Give You Their Homes (And HOW To Make It Happen) | Subto Show

Wholesale Hotline | Brent Daniels

Wholesale Hotline

Investing, Business

4.9 β€’ 586 Ratings

πŸ—“οΈ 8 November 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

On today's Wholesale Hotline (Subto Edition), Pace Morby is doing another live demo call with a seller.

Show notes β€” in this episode we'll cover:

  • The "common enemy" strategy is highlighted, where Pace subtly shifts the seller's dissatisfaction with the real estate agent to his advantage, laying groundwork for reducing agent commissions.
  • Pace focuses on leveraging seller pain points, such as negative cash flow and HOA issues, while positioning himself as a solution to their burdens without being pushy.
  • The importance of remaining genuine and unscripted in seller conversations is emphasized, enabling organic discovery of concerns, creating better negotiation opportunities.
  • Key takeaway: Mastering seller conversations involves active listening, aligning with their struggles, and presenting options that genuinely address their needs, all while maintaining control of the interaction flow.

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🚧🚧🚧 DISCLAIMER 🚧🚧🚧

❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY ❎

Transcript

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0:00.0

Hey guys, Pace Morby here. Welcome to Wholesale Hotline Podcast. Today, we're going to be talking about

0:04.0

wholesaling and how you can get started. But I want to tell you, wholesaling is not just an amazing

0:08.2

way for you to get started in real estate, but you can also build cash flow and build a portfolio

0:13.5

in the process. Today's episode, you will walk away with tremendous notes. And I want you to remember

0:19.3

we do a live episode every Monday night

0:22.5

over on my YouTube channel, YouTube.com forward slash pace morby. Head over there and you can meet

0:28.4

other audience members and do deals in the live chat. Remember to subscribe, give us a little bit

0:34.5

of love, and make some comments in the show notes down below so we know

0:37.5

what to talk about in the future. Enjoy today's episode. Do you find yourself struggling to talk

0:47.6

to sellers when you're on the phone and you think seller, I hardly even know her? Well, we're're gonna be covering that today. I talked to a seller that's basically handing the keys to his house over to me saying, just take the house, please just take the house, anything. In fact, he's encouraging us to go around his real estate agent to buy the piece of real estate from him and just saying, take the keys to my 3% interest rate home. So we're going to give you a masterclass on how to talk to sellers, how to build rapport, what does that entire flow look like? You guys have been asking for more seller calls, so here you go. Hello? Hey, is this Peter? Yes, it is. Hey, Peter, my name's Pace. I'm partners with Mark. I'm the guy that finances all of his purchases.

1:28.3

I'm just kind of like the money guy.

1:30.3

Hi, how are you?

1:31.3

I'm good, man.

1:32.3

How's that house? How's selling the house going? I mean, it's been slow. I don't know if you told you any of my back story, but... I've got like 20 deals I'm funding for him this week, so I don't know all your backstory.

1:43.6

I'd love to hear more about it so I can differentiate between this deal and some of the other deals I'm doing for him this week. So I don't know all your back story. I'd love to hear more about it

1:44.9

so I can differentiate between this deal and some of the other deals I'm doing for him.

1:48.0

So I actually, so I got real, I worked for the Campbell Soup Company. Sweet. And I was living

1:54.0

out there. I actually moved out there to be closer to my family. A couple years after we moved

1:58.4

out there. And I mean, the house that we, that I'm trying to sell is literally, we bought it in, what was it, September 2021, like brand new construction. The paint was still wet. Oh, sweet. It's a D.R. Horton property. Oh, that's a great. That's a great company. They do a good job. Yeah, I think so. I mean, people are always sniveling and.

2:18.3

But it's always, those people, you can never satisfy them. So it is what it is. Yeah, those are the people on Yelp complaining about, you know, good food, you know. You guys will notice the more calls that I make, you will see that it doesn't matter if it's a real estate agent or a seller. I choose to have as little information as humanly possible as a walk into that conversation.

2:37.3

When somebody else is that it doesn't matter if it's a real estate agent or a seller, I choose to have as little information as humanly possible

2:35.4

as a walk into that conversation.

...

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