WIP 745: Wholesaling Quicktip - Why Wholesaling is the Most Important Job in Real Estate
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
4.9 • 1.4K Ratings
🗓️ 3 August 2021
⏱️ 8 minutes
🧾️ Download transcript
Summary
Most traditional brokerage companies have a minimum standard, commission-wise, because of the multiple dispersion of equity prices. On the other hand, there are many properties that have been abandoned and left vacant.
According to statistics, unpaid property taxes rack up to $14 billion a year because of these properties. This is where wholesalers come to the rescue—they relieve sellers of distressed properties and turn them into livable places. Plus, it helps the community to cover a fraction of those property taxes.
In this episode, Brent Daniel enthusiastically explains why wholesaling is ethical and how it helps the economic forces in a community.
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Transcript
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| 0:00.0 | You're listening to the whole Selling Inc episode number 745 we go after properties that there's a |
| 0:07.0 | problem with it. There's a problem. There's some sort of distress whether it's financial, whether |
| 0:11.1 | it's emotional, whether it's situational, whatever it is, there's some sort of distress. Remember |
| 0:15.7 | people will trade potential equity in their property for speed and convenience. This is what I'm |
| 0:20.8 | talking. This is the market that we are serving. Not only that, unpaid property tax, |
| 0:26.8 | $14 billion a year. This is game-changing information guaranteed to raise your real estate |
| 0:35.5 | wholesaling business with actionable steps you can take immediately to navigate the ends and |
| 0:40.3 | outs of wholesaling and start making money today. Join us as we put our guests in the hot seat and |
| 0:46.5 | dive deep to dissect their strategies for success to enable you to duplicate their results. |
| 0:52.0 | You're listening to a wholesaling Inc. The only show dedicated to making you a fortune in wholesaling. |
| 1:00.8 | Most real estate brokerages, traditional real estate brokerages, will not do deals under 100,000. |
| 1:06.8 | They won't. A lot of them, they've got a minimum standard on what they're willing to make |
| 1:11.7 | commission-wise because it gets chopped up so many different ways that it's oftentimes not worth |
| 1:17.3 | their time. In some markets, it's under 200,000. If you can believe it. In some bigger markets, |
| 1:22.0 | it's under 300. They won't touch things under 300,000. That's the absolute truth in some real |
| 1:27.9 | estate brokerages. So who serves these people? Let me hit you with some stats. You want to hear |
| 1:32.5 | some stats? This is going to be bananas. Let's go to the whiteboard. 2020 census. Look at this. |
| 1:36.4 | You can Google this. All right. I'm not going to put the little asterisk and show you where to just |
| 1:40.1 | literally Google vacant homes in America. In the 2020 census, there's 11 million. 11 million. |
| 1:48.1 | That's 8.6% of the properties are not just vacant. There's more that are vacant, by the way. |
| 1:54.0 | But these are vacant for a year or longer. These properties, right? 11, |
| 1:59.6 | almost 12 million properties vacant. What happens with properties are vacant in your marketplace. |
... |
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