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Wholesaling Inc with Brent Daniels

WIP 1031: Q&A - Why Your Irrational Fears Are Costing You (Lots of) Money

Wholesaling Inc with Brent Daniels

Find distressed properties for pennies on the dollar and turn them for huge profits!

News, Wholesaling, Education, Houses, Make Money, Business News, Real Estate Agent, Business, Real Estate, How To, Cash Buyers, Entrepreneurship, Wholesale Houses, Entrepreneur

4.9 • 1.4K Ratings

🗓️ 5 September 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Fear is a natural —especially when you’re doing something for the first time. When you take the leap into real estate, it’s natural to get scared, because you're doing things that are familiar to you. Even though more millionaires have been created through real estate than any other investment strategy, new investors often have hang-ups that prevent them from achieving success in the real estate game.

In this episode, Todd Toback shares expert advice on how to overcome your irrational fears and remove the obstacles that are holding you back.

Make sure to head over to No Limits Real Estate Investing and get a free copy of Todd's exclusive script!

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Show notes:

  • (0:10) Beginning of today’s episode
  • (0:20) How to overcome being intimidated when dealing with difficult sellers
  • (1:32) How to avoid wasting time with sellers who will never do business with you
  • (1:44) Never chase chase a deal
  • (2:31) Why you need to control the flow of the conversation how to pivot if things go negative
  • (3:28) Why you need to be cautious when considering purchasing a deal
  • (4:50) If you don’t have leads, you’ll have scarcity and desperation

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Resources:

  • Want to learn more? Check out our TTP training program.
  • To speak with one of our expert coaches, call (281) 835-4201 or schedule your free discovery call here to get started in wholesaling with our help.

Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.

Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.

It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

Transcript

Click on a timestamp to play from that location

0:00.0

Number two is that you need to control this negotiation, you need to ask questions,

0:05.4

all the pressure should be on the sellers. Not you, that's very, very, very important.

0:30.0

To enable you to duplicate their results, you're listening to a wholesaling ink,

0:34.8

the only show dedicated to making you a fortune in wholesaling.

0:40.4

This is Todd Tobak and welcome to the wholesaling ink podcast. All right, let's go ahead and listen

0:46.2

to today's question. Todd, because I heard that you said you have to be strong with your

0:52.0

negotiation, right? Yeah, so that's my problem because how do you not get intimidated or how do you

0:59.1

overcome the intimidation from the seller when they are too strong?

1:04.0

So I could really relate to this question. I remember when I first got started,

1:08.4

I couldn't get two words out of my mouth. If you don't know me, I'm kind of actually introverted

1:14.8

by nature, right? So when I'm on the podcast, I kind of like, you know,

1:18.4

tend to come out of my shell a little bit. But I remember talking to that seller and I was

1:25.2

pretty nervous, right? I was in number one. I was intimidated by the seller that I met the

1:28.8

first time at it. I don't know if they were going to judge me. I didn't know what they would think

1:32.4

I was going to be a fraud. And my hands were shaking as I was, you know, trying to sign the

1:38.1

agreement. Now, there are a couple of different things that play here, right? You have the

1:42.4

sellers where you may be intimidated. You don't know what to say. And I get that. And there may be

1:46.8

a bully who you have on the phone where they're trying to bulldoze you. So we're going to

1:50.4

differentiate between the two. And, you know, the first thing that I'm going to tell you is,

1:56.4

again, you want to differentiate between the sellers who bully, right? And have like no interest

2:01.8

in doing business with you and those who have a genuine interest. And so I'm going to give you

2:06.8

some skills that will help you realize which ones you have. And the number one rule of talking to

...

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