WIP 1331: Bigger Deals, Higher Spreads - The Must Have Clauses Every Wholesaling Contract Needs
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 30 October 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
In this episode, Todd Toback drops some real estate wisdom that's a game-changer. He's all about those contract clauses that help you secure bigger deals and fatter profits. So, don't miss out—if you're all in on achieving big success in the wholesaling game, you absolutely need to listen to this and make it your go-to guide.
It's time to level up your real estate agreements with these easy steps and level up toward financial independence!
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Show notes:
- (1:06) Beginning of today's episode
- (1:36) Must-have clauses in your real estate agreements
- (2:44) The liquidated damages clause
- (6:55) Negotiating access
- (7:27) Attorney's fees provision
- (8:14) The right to list on the MLS
- (8:34) The right to assign
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Resources:
- MLS
- 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 whole selling ink episode number 1331 and so if there's one clause that I think |
| 0:07.1 | is the most important that's going to keep you out of trouble, that is the liquidated damages |
| 0:13.2 | clause. The liquid damages clause is a clause that basically says, hey, no matter what happens, |
| 0:20.9 | your maximum liability is X. Now remember, we are in the business of finding motivated sellers. Why? |
| 0:28.4 | Because motivated sellers have properties that they want to sell in our job. Our duty is to buy |
| 0:33.1 | those at a discounted price so that we could relieve the seller's pain and then go and sell those |
| 0:38.8 | deals for top dollar. This is game changing information, guaranteed to raise your real estate |
| 0:45.2 | wholesaling business with actionable steps you can take immediately to navigate the ins and |
| 0:50.0 | outs of wholesaling and start making money today. Join us as we put our guests in the hot seat |
| 0:56.0 | and dive deep to dissect their strategies for success to enable you to duplicate their |
| 1:00.8 | results. You're listening to whole selling ink. The only show dedicated to making you a fortune |
| 1:06.8 | in whole selling. All right, so today is going to be a little different kind of episode. It's kind |
| 1:13.8 | of more of a chat with myself and you. And so if you're listening to this, this would be a great |
| 1:20.4 | time to straighten up your real estate agreements or if you're brand new, make sure you set up your |
| 1:26.8 | real estate agreements the right way. And so today we're going to talk about the must-have |
| 1:31.2 | clauses in your real estate agreements, right? If whether you're just starting out, you want good |
| 1:38.4 | contract that'll keep you out of trouble, but also we'll make it much easier to sell your properties. |
| 1:45.5 | So before I jump in the show, though, I got to give a shout out to Matt Lasser, who is one of our |
| 1:51.2 | bootcamp attendees. He actually brought a call recording that we had listened to and man, he has |
| 1:58.5 | gotten just amazing at the no limit selling system and just crushing it on his calls. By the way, |
| 2:04.0 | Matt, that's awesome. But most importantly, he's had his best two months here since we've been |
| 2:08.7 | working together. He eliminated a bunch of random markets that he was in, a bunch of random |
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