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Wholesaling Inc with Brent Daniels

WIP 1731: The Hidden Key to Becoming Wealthy as a Real Estate Wholesaler

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

4.91.4K Ratings

🗓️ 12 May 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

In this episode, Todd Toback reveals the hidden financial habits that separate wealthy real estate wholesalers from those who stay stuck in the hustle. Learn why your balance sheet is more important than your income statement, the first financial hire every wholesaler needs to make, and how to manage your cash reserves for long-term stability. Todd also shares practical tips on handling credit card debt and the right time to move profits into your personal account. If you want lasting w...

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to Wholesilling Inc. episode number 17131. Find a bookkeeper and start paying

0:06.8

attention to how much money you're making and how much losing. The balance sheet actually is part of that,

0:12.0

right? There are three reports that you should check out. There's the cash flow statement,

0:14.9

the profit and loss statement and also the balance sheet. This is game changing information

0:20.3

guaranteed to raise your real estate wholesaling business

0:23.4

with actionable steps you can take immediately to navigate the ins and outs of wholesaling

0:28.3

and start making money today.

0:30.9

Join us as we put our guests in the hot seat and dive deep to dissect their strategies

0:35.7

for success to enable you to duplicate their results.

0:39.1

You're listening to Wholesaling, Inc.

0:41.4

The only show dedicated to making you a fortune in wholesaling.

0:46.0

So today we are going to talk about money.

0:49.3

We're going to talk about what a healthy balance sheet looks like.

0:53.8

Now, you're like, Todd, what the heck is a balance sheet?

0:58.3

Well, a balance sheet is basically a summary of all the cash that you have in your bank accounts,

1:03.5

all of the assets or real estate assets, and all the credit card debt or debts that you owe.

1:08.8

And so I have found that people who have control of their

1:12.5

balance sheet and other financial reports are the most successful wholesalers

1:18.1

okay now before you're like Todd I can't take numbers well what the hell are

1:23.1

you talking about I got to tell you I used to be a damn fool and what does that

1:27.2

mean it's like well Todd I just like to go out and run around like a damn fool. And what does that mean? It's like,

1:27.8

well, Todd, I just like to go out and run around like a chicken when my head cut off as make as much

...

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