WIP 1146: When in Doubt Lock it Up Low - Why You're Not Closing More Deals
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 13 February 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
Want to know the key to maximizing your profits? The "secret" to generating more profits per deal?
Then, it's time to "lock it up low." When faced with confusion about a property's worth or your market conditions, securing it at a lower price minimizes risk and opens up a world of possibilities. By locking it up at lower price, you're in the best possible position for generating explosive profits in your real estate business.
Join Todd Toback as he shares his expertise and reveals the step-by-step strategy for unlocking your real estate potential.
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Show notes:
- (0:51) Beginning of today's episode
- (2:41) Measure your talk time: people with the highest talk time have the highest generated revenue
- (4:17) When in doubt, lock it up LOW.
- (5:27) Make exceptions for your best people
- (7:00) If you think you want to go lower, your initial gut is almost always right
- (8:33) Look for motivation and problems that you can solve
- (9:17) Get on the phone, listen to the seller's problems and start negotiating
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Resources:
- Want to learn more? Check out the Land Sharks program.
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free 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 in episode number 1146. |
| 0:05.0 | If you think you need to go lower, your initial gut is almost always right. |
| 0:09.0 | But once you know where you need to be, right, first of all, you should start lower than |
| 0:13.6 | that number, right? |
| 0:14.6 | Start lower and then have the seller negotiate you up if possible to the number that you |
| 0:19.6 | need to be at. |
| 0:21.2 | This is game-changing information, guaranteed to raise your real estate wholesaling business |
| 0:26.1 | with actionable steps you can take immediately to navigate the ins and outs of wholesaling |
| 0:31.1 | and start making money today. |
| 0:33.8 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies |
| 0:38.3 | for success to enable you to duplicate their results. |
| 0:41.8 | You're listening to wholesaling ink. |
| 0:44.0 | The only show dedicated to making you a fortune in wholesaling. |
| 0:49.9 | When in doubt, lock it up. |
| 0:51.7 | Low. |
| 0:52.7 | That's the topic of today's show. |
| 0:54.3 | So today's episode was actually inspired by number one, our current innovation bootcamp |
| 0:59.8 | students. |
| 1:00.8 | And these guys and gals are absolutely crushing it. |
| 1:03.4 | Deals are coming out of the woodwork and we are doing deals with retail buyers for big, |
| 1:08.5 | fat, juicy deals. |
| 1:09.7 | But I can tell you one of the things that almost everybody struggles with is they say, |
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