WIP 1092: How To Make $500K a Year in Mostly Passive Income by Wholesaling Real Estate
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 29 November 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
Have you ever wondered where your income ranks in your state or how to be in the top 1% of annual income earners? To meet those standards, you must be generating over $400,000 a year, which for some, seems quite impossible considering the current state of the economy.
Spoiler alert: there's a way to reach and beat those figures, and Brent's here to show you how to do it! He will share his methods for getting not only to $400k but to $500k in just passive income alone! In this episode, we'll explore what it means to build wealth from wholesaling houses and highlight how you to generate legacy wealth through real estate. Don’t forget to visit Brent’s TTP Training Program and discover how to become a successful real estate wholesaler.
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Show notes:
- (1:06) Beginning of today’s episode
- (3:10) Have quality conversations with distressed property owners
- (5:42) How to go from faith to the fact that you can do this business, and only then will it start growing
- (7:27) Why you need to find a minimum of 25 referral partners to get to your income goals
- (9:52) How to identify more investment opportunities and why this is critical for success in the wholesaling game
- (12:01) This isn’t just about doing deals; this is about building a real business
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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 for your chance to become part of the Tribe.
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 | You're listening to Wholesilling Inc episode number 1092. |
| 0:04.1 | You first you start making the calls yourself first you start finding your first deal and you get it |
| 0:09.8 | through and you get the proof of concept and now you have confidence you go from faith to fact |
| 0:14.0 | that you can do this business and then it starts growing and momentum and then all of a sudden |
| 0:18.0 | you look back and it's been 18 24 months and you're starting to add pieces to your business |
| 0:24.1 | and pulling yourself out of it and one of those pieces is going to be your callers and they're |
| 0:28.4 | going to do 10,000 hours of calls at $22 an hour because you're going to have the best of the best |
| 0:33.3 | you're going to have a high high high standard for your business. This is Game Changing Information |
| 0:38.9 | guaranteed to raise your real estate wholesaling business with actionable steps you can take |
| 0:43.6 | immediately to navigate the ins and outs of wholesaling and start making money today. |
| 0:49.6 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies for |
| 0:54.4 | success to enable you to duplicate their results. You're listening to Wholesilling Inc. |
| 0:59.8 | The only show dedicated to making you a fortune in Wholesilling. |
| 1:05.6 | To be in the top of 1% in income earners you have to make over $400,000 a year. I'm going to |
| 1:11.7 | show you how to make over $500,000 and it's mostly passive. I am not crazy. This is simple math. |
| 1:18.8 | It starts with the fact that there's 142 million residential real estate properties. |
| 1:24.4 | All right, and the facts show us that 6-10% of the real estate market is in distress at all times, |
| 1:31.5 | whether that be pre foreclosure, whether that just be the condition of the property has gotten |
| 1:36.0 | away from the property owner and they don't have the budget to fix it up, whether there's a divorce, |
| 1:40.1 | whether they can't pay taxes, whatever it is. There's so many different reasons that they would be |
| 1:45.3 | in distress. 6-10% of the 142 million properties are in distress. So we have almost 14 million |
| 1:54.1 | opportunities every single year. This just keeps growing and growing as they build properties. |
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