WIP 1824: #ThrowbackThursday - Wholesaling Quicktip - How to Wholesale a House with Tenants

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

🗓️ 18 September 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Securing properties that already have tenants can often involve layers of complexity, from navigating existing lease agreements to building rapport with residents. In this quick yet insightful episode, Mr. TTP, Brent Daniels, lays out a clear master plan on how to approach negotiations, communicate effectively, and ultimately strike a win-win deal with the tenants For more REI tips make sure to join the TTP Training Program. --------- Show notes: (0:55) Beginning of today’s episode(1:30) Cash...

Transcript

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0:00.0	You're listening to Wholeselling Inc. episode number 1824. You can't just evict the tenant if they are
0:06.3	paying in a timely manner according to their rental agreement and they're staying, I mean,
0:11.9	they're abiding by their rental agreement. You just can't kick them out because you want to do something
0:16.7	with the property. They have to be in there for the term of the lease. So when you're talking to
0:20.9	people that have tenants, you need to find out are they on a long-term lease or a month to month.
0:25.9	This is game-changing information guaranteed to raise your real estate wholesaling business
0:31.1	with actionable steps you can take immediately to navigate the ins and outs of wholesaling
0:35.9	and start making money today.
0:38.6	Join us as we put our guests in the hot seat and dive deep to dissect their strategies for success
0:44.1	to enable you to duplicate their results.
0:46.7	You're listening to Wholesaling, Inc.
0:49.0	The only show dedicated to making you a fortune in wholesaling.
0:54.6	Okay, so first of all, you have to find out, is the property on a long-term lease, or is it
1:01.7	month-to-month? Okay, is it long-term lease or month-to-month? If it's month-to-month,
1:05.5	then you can have a conversation with the tenants and put together a game plan for them to move
1:10.5	out. It's a lot easier to sell
1:12.1	these properties if they're vacant, especially if they need a lot of renovations. If they need a lot
1:19.2	of renovations, you need the property vacant. You can't just have family living in there and you're
1:23.7	ripping out the kitchen and everything, right? So you need to have the conversation with
1:27.5	the tenants. You need to give them enough notice. You need to give them enough runway to be able to get out of the property. Now, typically what happens there is you give them cash for keys. Hey, listen, I want to help you in this process. I'm willing to give you $500, $1,000. I mean, And I think I've given $5,000 before for cash for keys just so that
1:46.6	they get out of the property and I can have access to that property or my buyers can have access to the
1:51.3	property sooner. Okay. Now, if they have a long-term lease, again, you can offer cash for keys and see
	...

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