WIP 1539: #ThrowbackThursday - The Top 10 Questions for New Wholesalers Just Starting Out
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 15 August 2024
⏱️ 18 minutes
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| 0:00.0 | You're listening to Wholesale Inc. episode number 1539. |
| 0:04.3 | It is a numbers game. The more distressed property owners you speak to, |
| 0:07.7 | the more successful you're going to be, it's a simple business. |
| 0:10.4 | This is game-changing information, guaranteed to raise your real estate wholesaling business with actionable steps you can take immediately to navigate the ins and outs of wholesaling and start making money today. |
| 0:23.0 | 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. |
| 0:31.0 | You're listening to Wholesailing Inc. The only show dedicated to making you a fortune in |
| 0:36.3 | wholesaling. |
| 0:37.3 | Hey everybody, it is Brent Daniels TTP and we are here. |
| 0:43.2 | We've got some amazing questions |
| 0:44.7 | that you guys have been asking. |
| 0:45.8 | So Alejandra, first of all, |
| 0:47.7 | how do you pick these questions out of all the other ones |
| 0:50.6 | and how many we're going through today? So usually typically we go over 10 questions, how I kind of look at the process is just seeing what is the most common questions that we are always getting asked. |
| 1:00.0 | Awesome, so let's get going. |
| 1:02.0 | Let's get going. So our first question is from kirtie to great and he asked how do you help someone that's behind on taxes and mortgages that is owed to the IRS and will the money she gets from the selling her house cover all that? |
| 1:14.0 | It just depends obviously you have to make sure that she has a good amount of equity right or whoever. |
| 1:18.9 | If you run across somebody that has an IRS tax lien it just depends on what else is owed on the property. |
| 1:25.5 | So let's say for example, let's say that the house is worth 200,000, you need to buy it for 100,000. |
| 1:31.0 | They owe 60,000 on it, but there's an IRS lean on it for 60,000 as well. |
| 1:36.0 | Right? So now it's over what you can pay for it. So you're going to have to do some negotiating either with the IRS which typically they don't really care. |
| 1:44.7 | Now sometimes what they can do is they can take that lien and put it on another asset that the |
| 1:49.2 | person has or they can settle and only get a certain amount. |
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