WIP 1107: #Replay - 5 Steps to Wholesaling Pre-Foreclosures
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 20 December 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
Are you interested in getting into the real estate game and looking for great money making possibilities within the niche? Have you heard about pre-foreclosures and want to know more about how to make explosive profits with these lucrative opportunities?
Look no further! In this episode, Brent will share with you the step-by-step process for successfully identifying and wholesaling pre-foreclosure properties. Tune in to discover the keys to success with this type of investment strategy!
To take advantage of this valuable opportunity and learn from the expert himself, head over to Brent's TTP Training Program, and start making money in the exciting world of real estate today.
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Show notes:
- (1:05) Beginning of today's episode
- (1:10) Four steps to the foreclosure process
- (2:31) How to get wholesale deals in pre-foreclosures
- (3:01) Get your list from your local title company
- (4:13) How to get a hold of your property owners?
- (5:47) Understand when is the auction date and what is the payoff amount
- (7:07) If they have equity, lock it up, put it under contract, and sell that contract to the cash buyer
- (7:19) If there's no equity, opt for creative financing options
- (7:35) Complete the transaction before the auction date
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Resources:
- BatchSkipTracing
- Propstream
- TTPData.com
- 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 opportunity to become a Tribe member and work with Brent personally
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 the whole Selling Inc episode number 1107. |
| 0:04.4 | Step number one, get the list of pre-fer closures. |
| 0:07.9 | You can get them free if you call up your title company, or better yet, if they're open, |
| 0:13.6 | go to the title company office, tell them that you're an extremely proactive investor. |
| 0:19.5 | You want to bring them transactions, but you want to help people out of foreclosure. |
| 0:25.5 | And they, listen, they spend millions of dollars every single year on data. |
| 0:30.1 | They have the list. |
| 0:31.6 | Go and see if you can get it from your title company absolutely for free. |
| 0:36.0 | This is Game Changing Information, guaranteed to raise your real estate wholesaling business |
| 0:41.0 | with actionable steps you can take immediately to navigate the ins and outs of wholesaling |
| 0:46.0 | and start making money today. |
| 0:48.6 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies |
| 0:53.2 | for success to enable you to duplicate their results. |
| 0:56.7 | You're listening to the whole Selling Inc. |
| 0:58.9 | The only show dedicated to making you a fortune in wholesaling. |
| 1:02.6 | Now, let's set the foundation first. |
| 1:07.0 | There are four steps to the foreclosure process. |
| 1:10.4 | First step is, as soon as somebody doesn't make a mortgage payment, that is called pre-pre-foreclosure. |
| 1:16.8 | Okay? |
| 1:17.8 | This is now the bank is going to give that person that property under 90 days to make |
| 1:22.5 | up that mortgage payment. |
| 1:23.7 | If they don't, then that's when it goes into official pre-foreclosure. |
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