WIP 1327: Live Coaching - How to Avoid Overpaying When You Have a Big Deal on the Line

Wholesaling Inc with Brent Daniels

Find distressed properties for pennies on the dollar and turn them for huge profits!

News, Wholesaling, Education, Houses, Make Money, Business News, Real Estate Agent, Business, Real Estate, How To, Cash Buyers, Entrepreneurship, Wholesale Houses, Entrepreneur

4.9 • 1.4K Ratings

🗓️ 24 October 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the wild world of real estate wholesaling, you want to always find the sweet spot for your offers. A little too high, or a little too low, can cost you dearly in the way of profits...or the deal!

This handy live coaching guide spills the beans on how to steer clear of overpaying. You'll learn how to size up property values like a pro, and master the art of handling negotiations. So, whether you're a seasoned investor or just getting your feet wet, this resource is your weapon to make sure your profits stay fat and your investments are solid!

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Show notes:

(1:06) Beginning of today's episode
(4:03) On remodeling properties
(4:45) How to calculate your MAO (Maximum Allowable Offer)
(6:58) Making a difficult deal work with hard money
(9:19) Negotiating and crunching the numbers with your sellers
(11:13) Asking your sellers how much time they have to negotiate the numbers
(12:34) Asking your sellers about their timeline for selling

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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 Wholesilling Inc. episode number, 1,327.
0:04.8	You bought this place at the height of the market last year.
0:08.2	I've talked to a ton of people. I talked to a ton of people who did that and they're not doing so well.
0:14.4	So give it to me straight right now.
0:16.7	What is it that I can do for you that is manageable?
0:20.4	Like just bare nuts man, just... Listen, I'm here to help if I can and I can't help if I don't if I don't know the scope of what you meet
0:29.8	Yeah, 900 is too much sorry Sorry, it's too much.
0:33.0	This is game-changing information, guaranteed to raise your real estate wholesaling business with
0:39.0	actionable steps you can take immediately to navigate the ins and outs of wholesaling and start making money today.
0:46.8	Join us as we put our guests in the hot seat and dive deep to dissect their strategies
0:51.1	for success to enable you to duplicate their results.
0:54.0	You're listening to Wholesailing Inc.
0:56.0	the only show dedicated to making you a fortune in wholesaling.
1:00.0	I know it's kind of like a dud speaking to this seller since I he overpaid
1:09.9	for a property the neighborhood you know you know, the market, it has property is ranging from, you know,
1:16.6	seven hundred thousand up to five million dollars. So I've been speaking to this guy. I called him about another property. He has a portfolio and he actually
1:25.7	let me to this one. He was, I know I'm not selling that one, but I'm selling this one. So when I first
1:31.9	proved as far as, know what price he is looking to get for the
1:36.8	property he wouldn't give me a price he just said that he obviously he would have to get more than what he paid for the property.
1:47.3	So he paid for the property $750,000.
1:51.4	When? A year ago.
1:55.0	He bought it on the peak of the market.
	...

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