WIP 1139: Exploring Multiple Exit Strategies to Close More Deals and Make Bigger Profits
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 2 February 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
A well-planned exit strategy can help investors anticipate and plan for various outcomes, minimize risks, and maximize returns. Understanding how to sell a property and determining the most favorable way to make more money is something you should consider before entering a wholesale agreement. Without a solid exit strategy, investors may struggle to sell the property or sell it at a loss.
Join us today as we welcome Nick Kamrada, a powerhouse from Tampa Bay, Florida, who has made thousands of dollars daily using different exit strategies in his first few years in business. You don’t want to miss this out! Don’t forget to check into Brent’s TTP training program for an opportunity to work with him personally.
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Show notes:
- (0:59) Beginning of today’s episode
- (1:21) Why Some Sellers Opt for Potential Equity Over Speed and Convenience
- (3:28) Screening Out Ineligible Cash Purchase Leads
- (7:38) Exploring Balloon Payments (A Guide for Investors)
- (12:54) Seller Financing Beyond Distressed Situations
- (15:32) The Impact of Property Condition on Down Payment Requirements
- (17:09) Moving Beyond Price-Based Decisions
- (21:55) Creating Win-Win Deals through Creative Financing
- (24:50) Stepping into Equity: An Investor's Guide to 'Walking into Equity
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Resources:
- Zillow
- Follow Nick here
- 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 learn about our mentorship programs and 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 wholesaling ink episode number 1139. |
| 0:04.4 | Either it's your terms at my price, meaning like, you know, quick close, no inspection, |
| 0:12.3 | all of that stuff, your terms, okay, but that's got to be at my price, meaning, you know, |
| 0:16.1 | 50% of the ARV. Or if you want your price, that's fine, but it's just got to be on my terms. |
| 0:22.0 | So it's kind of your pick. Do you want your price or do you want your terms? |
| 0:25.3 | This is Game Changing Information, guaranteed to raise your real estate wholesaling business |
| 0:30.4 | with actionable steps you can take immediately to navigate the ins and outs of wholesaling |
| 0:35.5 | and start making money today. Join us as we put our guests in the hot seat and dive deep |
| 0:41.2 | to dissect their strategies for success to enable you to duplicate their results. |
| 0:46.0 | You're listening to wholesaling ink. The only show dedicated to making you a fortune in wholesaling. |
| 0:52.4 | Every time you speak with a property owner, you have options. Now wholesaling obviously, |
| 1:03.6 | the base conversation that we have with property owners is about a cash offer. It's about |
| 1:09.9 | here's a cash as is offer that we can offer these property owners because what we're really |
| 1:15.6 | looking for is they want to trade speed and convenience for potential equity. Well, what happens |
| 1:23.4 | when they don't? What happens if they're stuck on a price that's too high? What happens if they |
| 1:29.6 | do want to sell the property, but they don't want all the cash out of it right away because |
| 1:36.3 | they don't know what they're going to do with it and they don't want to pay taxes on it this year |
| 1:41.6 | or they just they want to sell it. They just haven't made the decision to sell it because |
| 1:46.7 | they just haven't really found the right terms. That's an important word for this podcast, |
| 1:51.4 | the right terms that would make them happy with the sale of that property. Well, that's why I've got |
| 1:56.2 | out of Tampa Bay, Florida, an incredible rhino. This guy is charging like nobody I know. He's |
| 2:03.3 | been charging for the last couple of years and built an incredible business. Nick Kamrata. Nick, |
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