WIP 1091: 3 Ways to Wholesale Houses in a Declining Market
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 28 November 2022
⏱️ 16 minutes
🧾️ Download transcript
Summary
Is it getting harder and harder to move your deals? Are your cash buyers getting more choosy about the deals they buy? Are their buy boxes getting smaller by the day?
Let's face it, the real estate market is changing. With rising interest rates, plummeting home prices, and continued inflation, you have to really know what you are doing to make money in today's market.
The good news is there are still many ways to make a fortune in real estate IF you know what you're doing. The even BETTER news is that in the coming weeks and months, more and more of your competition will fall by the wayside because they aren't arming themselves with the knowledge that you you!
In today's episode, we discuss 3 strategies for wholesaling more houses in a declining market.
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Show notes:
- (1:00) Beginning of today's episode
- (1:12) There's no denying that we are entering a declining market
- (2:44) Todd lays out the fundamental reasons why the Market is dropping...and how to pivot
- (3:41) In the past twelve years, we've been used to a buyer frenzy, but what does that mean?
- (4:30) Todd lays out 3 actionable tips you can use to win this declining Market
- (5:25) Why are cash buyers so important?
- (6:33) How to know what's selling
- (7:19) Why investors love concrete block houses
- (8:11) Build your dream team, and learn from other people's experiences
- (8:38) Market to those properties that are selling
- (10:20) Don't let your emotions dictate your day-to-day activity
- (11:12) Get focused on what's working and eliminate what's not
- (12:00) List your properties for about $10,000 less
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Resources:
- Want to learn more? Check out our TTP training program.
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your no-obligation discovery call here to be considered for one of our mentorship programs.
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 | You're listening to wholesaling in episode number 1091. |
| 0:04.3 | Guess what? The tables have turned. And so now you're going to have to adapt, |
| 0:09.6 | which is really, really exciting. They're going to be a lot of deals out there. |
| 0:13.3 | A lot of your competition is going to quit because they just don't know what to do. But I love this. |
| 0:18.1 | I'm encouraged. Our company is making money. And I know that if you listen to the show, |
| 0:22.6 | you will make a ton of money and set yourself up for a lifetime of wealth. |
| 0:30.0 | This is game-changing information, guaranteed to raise your real estate wholesaling business |
| 0:35.0 | with actionable steps you can take immediately to navigate the ins and outs of wholesaling |
| 0:40.0 | and start making money today. Join us as we put our guests in the hot seat and dive deep |
| 0:45.7 | to dissect their strategies for success to enable you to duplicate their results. |
| 0:50.5 | You're listening to wholesaling ink. The only show dedicated to making you a fortune in wholesaling. |
| 0:57.1 | So today I'm going to teach you three ways to wholesale real estate in a declining market. |
| 1:03.8 | And the reason for today's show is because we are indeed in a declining market. There is no |
| 1:11.4 | denying it. Prices are going down in most metro-politian areas. Now you may be saying, |
| 1:18.0 | Todd, it's not going down in my market. And that also may be true. But I could tell you in all the |
| 1:23.6 | markets that I shot up here in the last 24 months, man, they are starting to see the hurt. |
| 1:30.8 | But even if you haven't seen it, my prediction is that it may be coming to you. I am not a |
| 1:35.9 | predictor, but all I can tell you is what is happening now. I can tell you that right now in the |
| 1:40.8 | San Diego market, we've lost approximately eight to 10% of our value. And in my Florida market, |
| 1:47.6 | I'd say that we are looking 10, 12, maybe even 15% on the higher end. So you may be thinking, Todd, |
| 1:53.6 | how do we make money? Because in the last, I don't know, 12 years that I've been investing |
| 1:58.0 | real estate and wholesaling. We've been in upmarket. And so we are seeing a lot of changes. |
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