WIP 1306: Broker or Broke-r - When Cutting Out the Middleman Pays Off
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 25 September 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
When you list a property on the Multiple Listing Service (MLS) with your real estate broker for sale, you're essentially opening the door to a wider pool of potential buyers, as the MLS is a centralized platform used by real estate professionals to share property information. While your agent will diligently work to market and sell your property, you typically still have to pay them a commission upon a successful sale.
So, the question is... Is it possible to work find investor friendly brokers who are willing to work for you? In this podcast episode, Todd will be teaching you how to reduce the middleman's fee by teaming up with your broker and how to ultimately do much bigger deals.
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Show notes:
- (1:14) Beginning of today's episode.
- (3:10) What happens when you list a property on the MLS with your broker to sell it? Do you still have to pay your agent?
- (3:55) If you're not marketing your properties on the MLS, you're doing yourself a big disservice.
- (5:49) A broker is a partner in your business. It's their job to get you more money.
- (7:51) Always look for win-win solutions by collaborating.
- (9:38) Be direct with your brokers.
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Resources:
- MLS
- Contact Todd at: (619) 494-1691
- 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
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Transcript
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| 0:00.0 | You're listening the whole selling ink episode number 1300 and six. |
| 0:04.2 | This goes for all areas of business. |
| 0:06.5 | Sometimes you're going to have a partner that you're like, hey, what if this? |
| 0:10.5 | And then that, right? |
| 0:11.5 | Or you're going to have an acquisition specialist who says, hey, what if this? |
| 0:14.5 | Or that, right? |
| 0:15.6 | And so you want to get out all these things out front with a broker. |
| 0:20.8 | A broker is a partner in your business. |
| 0:22.9 | And what I mean by that, they may not be like a 50% partner, |
| 0:25.6 | but you are partnered with them, right? |
| 0:27.8 | You are both exchanging value in a relationship. |
| 0:31.0 | And so what does that take? |
| 0:32.0 | You want a high level of trust, |
| 0:33.4 | which means that you do what you say you're going to do. |
| 0:37.0 | And vice versa, when you said you were going to do it. |
| 0:55.6 | Yes, in the hot seat and dive deep to dissect their strategies for success |
| 0:59.8 | to enable you to duplicate their results. |
| 1:02.2 | You're listening to a whole selling ink. |
| 1:04.5 | The only show dedicated to making you a fortune in whole selling. |
| 1:10.0 | This is Todd Tobak. |
| 1:11.0 | And today's show is all about how to deal with your real estate agent. |
| 1:16.5 | If you sell a property to one of your cash buyers and not on the MLS. |
... |
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