WIP 800: How to Earn $120k Per Year Wholesaling Real Estate PART TIME
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 19 October 2021
⏱️ 11 minutes
🧾️ Download transcript
Summary
You may have heard the phrase that real estate is "the best deal in town." That's because it can be your ticket to making money, even if you're starting. However, there are different strategies for buying and selling properties.
In today's podcast, Brent Daniels will be sharing how to maximize your profit on each deal properly. He notes the importance of allocating a certain amount of time weekly and staying committed to it - this way, you can avoid being too overwhelmed while working on your full-time job and have more money in the bank by knowing what works best for you.
Many people are under the misconception that real estate agents make a ton of money when it comes to wholesaling. The truth is, they only earn 10% commission on what you sell them for and if their property was already worth above average or starting point before negotiation began, there would be no profit at all. Brent, an expert in this field of business, willingly shares his perspective about the 10% rule on commission. This rule is an essential aspect of business that you can significantly benefit from. In this podcast, you will learn what should happen for this rule to really kick off, maximizing your earnings from every single deal you do.
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Transcript
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| 0:00.0 | You're listening wholesaling in episode number 800 you're practicing the cold calling script |
| 0:06.5 | So you're reaching out to somebody and you're asking them if they would consider an offer in their property |
| 0:11.2 | You practice the script so that you feel more comfortable with it |
| 0:14.8 | I'm telling you the difference between |
| 0:18.1 | Anybody like just the average person and superstars is reps. It is practice |
| 0:24.2 | This is game-changing information guaranteed to raise your real estate wholesaling business with actionable steps |
| 0:30.7 | You can take immediately to navigate the ins and outs of wholesaling and start making money today |
| 0:37.1 | 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 |
| 0:44.9 | You're listening to wholesaling ink the only show dedicated to making you a fortune in wholesaling |
| 0:50.9 | Let's break down a hundred and twenty thousand part-time. There's really two ways to slice and dice this |
| 0:58.2 | All right, something that I want you to remember is typically when we are sourcing real estate opportunities |
| 1:06.2 | AKA wholesaling right when we are wholesaling real estate |
| 1:11.7 | All it is is finding opportunities of finding discounted properties now typically when you do that |
| 1:18.1 | You make about ten percent of what that property is worth once it gets fixed up all right about ten percent |
| 1:25.8 | It's baked into the way that we do our calculations and break down our deals and the way that I want you to be offering |
| 1:33.4 | Uncertain properties prices on certain properties. It's about ten percent. These should be earning |
| 1:38.2 | So you got two options six deals at twenty thousand dollars or twelve deals at a ten thousand dollars now |
| 1:45.3 | This is obviously going to vary market to market. This is going to vary on the amount of buyers that you have and |
| 1:51.2 | Honestly, this is a great shot |
| 1:53.5 | But for your your first like twelve or so deals for most people |
| 1:58.0 | They're javing with somebody that's already experienced and they're splitting those deals fifty-fifty |
| 2:03.6 | So that's why I'm going to build this off of the twelve deals at ten k |
... |
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