WIP 1050: Overcoming the Odds - What this Unemployed Wholesaler did to Generate $15k in 3 Hours
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 30 September 2022
⏱️ 28 minutes
🧾️ Download transcript
Summary
Our guest today knows quite a bit about creating opportunities in real estate investing. Nance Morris navigated the road of real estate on his own as he got out of jail. With nothing to loose, a desire in his heart to be successful, and by taking massive "imperfect" action, he was able to generate a whopping $15,000 on a land deal, and what’s even more surprising is that he did it in just three hours!
Morris proves that nothing is impossible if you get out there and take action. Come along with us as Brent and Morris discuss the exact steps he took to land this deal, and just how easy it was to do. Morris is proof that it's possible to achieve financial freedom no matter what your circumstances are.
If you have the rhinoceros heart like Morris and want to test out your real estate investing skills, you can head over to Brent’s Land Sharks program and learn more about his strategies.
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Show notes:
- (0:53) Beginning of the episode
- (11:30) How did he pick his market?
- (13:21) How did he come up with his offer letters?
- (16:17) How does an assignment transaction work?
- (17:30) A deal breakdown that landed him a $15,000 deal in 3 hours
- (23:38) “The deal of a lifetime comes around at least once a week as long as you’re looking.”
- (24:44) Morris’ advice to struggling wholesalers
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Resources:
- Redfin
- MLS
- Rich Dad Poor Dad by Robert Kiyosaki
- You can connect with Morris here
- Want to learn more? Check out our Land Sharks program.
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule a free discovery call with our team here.
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
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| 0:00.0 | But you just have to keep making this because, you know, one week, you can have no deals and |
| 0:04.8 | then next week you can have three. So you just have to keep getting those letters out, |
| 0:08.8 | keep making those offers. This is Game Changing Information. |
| 0:12.7 | Guaranteed to raise your real estate wholesaling business with actionable steps you can take |
| 0:17.4 | immediately to navigate the ins and outs of wholesaling and start making money today. |
| 0:23.4 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies for |
| 0:28.2 | success to enable you to duplicate their results. You're listening to Whole Sailing Inc. |
| 0:33.5 | The only show dedicated to making you a fortune in Whole Sailing. |
| 0:39.8 | What's going on Rhino Nation? I have an incredible episode for you today. |
| 0:44.5 | I have Mr. Morris Nance. He has a powerful story, an extremely powerful story. |
| 0:50.8 | This guy literally has overcome some massive, massive odds. His back was completely against the |
| 0:56.9 | wall when I met him. And during the podcast, I actually got a little bit more information about |
| 1:02.4 | Morris that I had no clue about. If anybody ever had to make it, it was Morris. If this guy |
| 1:09.0 | couldn't do it, if he didn't do it, he was probably going to be facing some big, big financial |
| 1:14.2 | loss. He's kind of baby coming or he does have a baby coming. And this was such a great episode. |
| 1:19.6 | I'm not even going to spill the beans. I'm just going to go ahead and open it right up. |
| 1:23.2 | Morris Nance, how are you today, sir? I'm doing great. Thanks for having me. |
| 1:28.1 | Man, it's my pleasure. You lit my fire on the support call the other day last week, |
| 1:34.4 | or actually it's earlier this week, not even last week. I was feeling some pressure. I was feeling |
| 1:38.7 | some stress when you came into the landsharks. Then you shared some information right when you |
| 1:43.6 | came in. And like a couple of days later, we talked and you shared some more information. |
| 1:47.8 | I was feeling like my back was against the wall. But before we get into that, |
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