117: Should Real Estate Wholesalers Find A Buyer First?

from The DealMachine Real Estate Investing Podcast · host nathan payne, David Lecko, Ryan Haywood

This is for anyone who wants to quit a job that they hate and build a life in a business that they love using a proven business model. On this podcast, we cover real estate wholesaling, which is a proven business model. And we've got guests that made as much as $30,000 just for finding a rundown house and passing that to an investor and making a finder's fee. Our guest today alleviates the anxiety that I hear is the most number one complaint from a brand new person when they're thinking about "How can I possibly make that much from finding a rundown house?" And our guest Nathan Payne talks about finding your end investor buyer first. And so he's going to tell a story how he made five grand on his first deal, but then how he's evolved his model so he can make more on each property stress-free by finding the buyer first. Key Talking Points of the Episode 00:00 Introduction01:17 How did Nathan make $5K on his first wholesale deal?02:28 What was Nathan’s first business partnership like?03:17 How did Nathan market his first wholesale deal to their buyer?04:03 How did Nathan renegotiate the deal with their seller?05:06 What is the Payneless Way to find wholesale deals?06:42 What is the best way to find good buyers in your market?07:51 Where can you learn more about the Payneless Way? Links Free Trial: Deal Machine Apphttps://dealmachine.com/pod Youtube: Payneless Flippinghttps://www.youtube.com/channel/UCWFne3oh5MZgWoJ5H-aGQXA Podcast: 095: 9 Ways To Find A Buyer for Wholesaling Real Estatehttps://podcasts.apple.com/us/podcast/095-9-ways-to-find-a-buyer-for-wholesaling-real-estate/id1667656532?i=1000640885675 David's Social: @dleckohttps://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/

What this episode covers

This is for anyone who wants to quit a job that they hate and build a life in a business that they love using a proven business model. On this podcast, we cover real estate wholesaling, which is a proven business model. And we've got guests that made as much as $30,000 just for finding a rundown house and passing that to an investor and making a finder's fee. Our guest today alleviates the anxiety that I hear is the most number one complaint from a brand new person when they're thinking about "How can I possibly make that much from finding a rundown house?" And our guest Nathan Payne talks about finding your end investor buyer first. And so he's going to tell a story how he made five grand on his first deal, but then how he's evolved his model so he can make more on each property stress-free by finding the buyer first. Key Talking Points of the Episode 00:00 Introduction 01:17 How did Nathan make $5K on his first wholesale deal? 02:28 What was Nathan’s first business partnership like? 03:17 How did Nathan market his first wholesale deal to their buyer? 04:03 How did Nathan renegotiate the deal with their seller? 05:06 What is the Payneless Way to find wholesale deals? 06:42 What is the best way to find good buyers in your market? 07:51 Where can you learn more about the Payneless Way? Links Free Trial: Deal Machine App https://dealmachine.com/pod Youtube: Payneless Flipping https://www.youtube.com/channel/UCWFne3oh5MZgWoJ5H-aGQXA Podcast: 095: 9 Ways To Find A Buyer for Wholesaling Real Estate https://podcasts.apple.com/us/podcast/095-9-ways-to-find-a-buyer-for-wholesaling-real-estate/id1667656532?i=1000640885675 David's Social: @dlecko https://www.dealmachine.com/pod Ryan's Social: @heritage_home_investments https://www.heritagehomeinvestments.com/