WIP 473: Why Valuations May Be Killing Your Chance at Success in Wholesaling
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 17 July 2020
⏱️ 8 minutes
🧾️ Download transcript
Summary
One of the aspects of wholesaling many people often obsess about is valuations. This is especially true among newbies who are still trying to find their way around. It is crucial to remember however that while important, doing valuations is just a small part of the wholesaling process.
In this episode, our very own Cody Hofhine covered all the basics of doing valuations. Our hope is you’ll gain the clarity and confidence needed when it comes to valuations so you can negotiate with sellers with greater ease. If you’re new to wholesaling, this is one episode you can’t afford to miss!
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Transcript
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| 0:00.0 | You're listening to Wholeselling Inc. episode number, 473. |
| 0:05.0 | You have to start low. You can always work your way up. |
| 0:09.0 | But if you start high, you can never work your way down. |
| 0:14.0 | This is game-changing information, |
| 0:16.0 | guaranteed to raise your real estate wholesaling business |
| 0:18.9 | with actionable steps you can take immediately |
| 0:21.6 | to navigate the ins and outs of wholesaling and start making money today. |
| 0:26.0 | BAM! 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. to making you a fortune in wholesaling with your hosts, |
| 0:43.1 | Tom Kroll and Cody Hoffheim. |
| 0:45.7 | Woey! |
| 0:48.8 | I always am asked how do I know the value of a property. |
| 0:54.2 | When I'm out there looking at deals |
| 0:56.3 | or when I'm about to look at deals, |
| 0:58.2 | or I've talked to someone, I think they're motivated, |
| 1:01.1 | but I just don't know the value of this property. If this sounds like you, |
| 1:06.5 | we are going to start breaking down how you can just do a simple valuation so that you can get out there with a little bit more |
| 1:13.7 | confidence and hopefully put a home on a contract at a deep enough discount |
| 1:18.6 | where you can make some money. That's the goal. My name is Cody Hoffine and I've been teaching thousands of students across this great nation how to simply just step by step get their first real estate deal because once it turns from faith to fact, it's on, it's on baby. |
| 1:34.3 | At that point, they get out there with a lot more confidence |
| 1:37.1 | and are able to do more deals. |
| 1:38.8 | It's just like the snowball effect, right? |
| 1:40.4 | It just gets bigger and bigger, the compound effect. |
... |
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