WIP 1299: #ThrowbackThursday - Why Wholesaling is the Most Important Job in 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
🗓️ 14 September 2023
⏱️ 8 minutes
🧾️ Download transcript
Summary
In the world of real estate, traditional brokerages play by the commission rulebook, but abandoned properties quietly cost us about $14 billion in unpaid taxes each year.
Enter the heroes of the real estate game: wholesalers. They swoop in, rescue distressed property owners, and magically transform neglected spaces into vibrant homes. Their secret? Wholesaling!
Join us in this episode as Brent Daniels unravels the story of how wholesaling not only saves the day but also uplifts communities. Learn more by joining Brent’s TTP training program.
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Show notes:
- (0:55) Beginning of today's episode.
- (2:32) How many realtors are specifically going after vacant homes?
- (3:42) $14 billion a year in unpaid property taxes.
- (4:52) We have so many properties that aren't getting paid.
- (6:00) Wholesaling is wonderfully moral and ethical!
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Resources:
- 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 ink episode number 1299. |
| 0:04.4 | We go after properties that there's a problem with it. |
| 0:07.6 | There's a problem. There's some sort of distress, whether it's financial, whether it's |
| 0:11.1 | emotional, whether it's situational, whatever it is, there's some sort of distress. |
| 0:15.0 | Remember, people will trade potential equity in their property for speed and convenience. |
| 0:20.0 | This is what I'm talking. This is the market that we are serving. |
| 0:23.6 | This is game-changing information guaranteed to raise your real estate wholesaling business |
| 0:28.7 | with actionable steps you can take immediately to navigate the ins and outs of wholesaling |
| 0:33.6 | and start making money today. Join us as we put our guests in the hot seat and dive deep |
| 0:39.4 | to dissect their strategies for success to enable you to duplicate their results. |
| 0:44.1 | You're listening to wholesaling ink. The only show dedicated to making you a fortune in wholesaling. |
| 0:52.5 | Most real estate brokerages, traditional real estate brokerages, will not do deals under 100,000. |
| 0:58.9 | They won't. A lot of them, they've got a minimum standard on what they're |
| 1:02.8 | willing to make commission-wise because it gets chopped up so many different ways |
| 1:07.0 | that it's oftentimes not worth their time. In some markets, it's under 200,000. |
| 1:11.7 | If you can believe it. In some bigger markets, it's under 300. |
| 1:15.0 | They won't touch things under 300,000. That's the absolute truth in some real estate brokerages. |
| 1:20.8 | So who serves these people? Let me hit you with some stats. You want to hear some stats? |
| 1:24.9 | This is going to be bananas. Let's go to the whiteboard. |
| 1:26.9 | 2020 census. Look at this. You can Google this. All right. I'm not going to put the little |
| 1:31.1 | asterisk and show you where to just literally Google vacant homes in America. |
| 1:35.2 | In the 2020 census, there's 11 million. 11 million. That's 8.6% of the properties are not |
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