WIP 1836: Kyle's $1.6M Disaster - What He Did Wrong (And How to Fix It)

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

🗓️ 6 October 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we break down a $1.6 million real estate deal gone wrong — and the crucial lessons learned from Kyle’s costly mistake. From failing to secure the property under contract to losing control of the buyer process, this story is packed with takeaways that could save you from your own “$1.6M disaster.” Learn how to build better rapport with sellers, get courageous with your numbers, and avoid rookie errors that can cost you big time in real estate. --------- Show notes: (0:52) Begi...

Transcript

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0:00.0	You're listening to Wholesaling Inc. episode number 1836. So the key is number one, negotiate big,
0:06.6	fat, juicy deals, do it right in the front end, close the deal. The seller is happy too. If you're on
0:11.3	the line, you can lock that property up, okay? Have some confidence. If it falls apart, if you have to
0:15.3	renegotiate, fine, but get it under contract. That is really, really, really important.
0:21.1	This is game-changing information guaranteed to raise your real estate wholesaling business
0:26.2	with actionable steps you can take immediately to navigate the ins and outs of wholesaling
0:31.1	and start making money today.
0:33.7	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.
0:41.9	You're listening to Wholesaling, Inc.
0:43.9	The only show dedicated to making you a fortune in wholesaling.
0:49.7	If you're brand new in the business and you've never locked up a deal before, you actually need to hear today's episode.
0:56.7	And if you've been locking up deals for a while and need to get tuned up, just like maybe Kyle from the sound of this email, that's awesome too.
1:04.6	And I think it's really, really important that you listen to videos and podcasts like this and you surround yourself with other smart investors
1:11.3	so that they always keep you sharp. So long story short, Kyle has a great deal that he's getting
1:15.8	from a, that he got from a phenomenal lead source, which I'll talk about here in a minute.
1:20.0	But I want to talk about Kyle's email and how it affects you and affects Kyle. So Kyle had a deal
1:25.5	on the hook, had a motivated seller who wanted to sell their property.
1:28.8	And I think, and the numbers don't really matter too much here, but I think this was a Northern
1:33.8	California deal and had it locked up for I think about $1.6, $1.7 million. And excuse me, I don't want to say
1:40.9	locked up. He had a verbal agreement with a seller to buy the property from $1.6 million.
1:48.0	And it seemed like Kyle was a little unsure about what he could sell the property for.
1:54.0	So the seller agreed to the purchase price of 1.6.
	...

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