WIP 1163: #Classic - Step by Step How to Wholesale Real Estate - 17 Steps to Your First Wholesale Deal
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 8 March 2023
⏱️ 20 minutes
🧾️ Download transcript
Summary
Today's episode is going to take us back to the basics. We're talking about the bread and butter of wholesaling!
Whether you're a fresh newbie or a seasoned pro, Brent Daniels will take you by the hand and walk you through the entire process of crushing a successful wholesale deal step-by-step. He's got the inside scoop on all the essential 17 steps you need to follow to make it BIG in this game. And if you want to follow more steps, make sure to visit the TTP training program.
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Show notes:
- (0:59) Beginning of today’s episode
- (2:03) Identify a target list
- (3:00) Initiate contact with property owners
- (4:05) Prequalify potential sellers using the four pillars of prequalification
- (5:29) Conduct thorough due diligence
- (6:15) Assess the property's true value
- (7:17) Take the initiative and follow up with a phone call
- (8:34) Schedule appointments
- (9:17) Deliver your offer presentation
- (10:21) Secure a signed contract
- (11:36) Market to cash buyers
- (13:14) Deposit your earnest money
- (15:35) “Clear to close”
- (16:19) Check the buyer’s funds again
- (17:20) Close the deal and collect your payment
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Resources:
- TTP Training Program
- DealMachine (CODE: TTP)
- Turbo Scan
- 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 the wholesaling ink episode number 1163 you got to find a list we got to go after a list |
| 0:07.0 | It's the first step because we're not going to go with a huge marketing budget. We're not going to be on TV |
| 0:11.9 | We're not going to be on the radio. We're not going to put out billboards when we're just getting started, right? |
| 0:16.8 | We got to go specifically for distressed property owners |
| 0:19.9 | We don't want to go after just regular property owners. We're going to waste our time |
| 0:25.0 | This is game-changing information guaranteed to raise your real estate wholesaling business with actionable steps |
| 0:31.5 | You can take immediately to navigate the ins and outs of wholesaling and start making money today |
| 0:37.8 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies for success to enable you to duplicate their results |
| 0:45.6 | You're listening to wholesaling ink the only show dedicated to making you a fortune in wholesaling |
| 0:51.7 | Hey, it is Brett Daniels. Mr. TTP. Mr. Talk to people. I am excited about this one |
| 0:59.7 | I'm really excited about this one because I wanted to break down |
| 1:03.2 | I wanted to go through every single part of the process of a wholesale deal |
| 1:08.3 | So that you can understand and feel confident certain what the next step is because I think when we don't know what the next step is |
| 1:16.2 | It kind of prevents us from taking a lot of action because we're kind of worried about making a mistake |
| 1:21.4 | But let me let me just start with this all right if you want to win in this business if you want to win in the wholesaling business |
| 1:27.7 | You need to fail |
| 1:30.2 | Okay, you need to fail because when you fail you learn when you learn you grow and when you grow you win |
| 1:37.7 | Okay, we need to go out there and take imperfect action. It is about progress not perfection |
| 1:44.9 | Okay, so with all of this I understand if you don't necessarily |
| 1:49.1 | Understand the like ins and outs of each one of these steps |
| 1:52.6 | But as you're going through it, it's going to be more clear and you're going to get a lot more confidence |
| 1:56.8 | So number one starts with find a list to target |
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