Wholesaling Inc with Brent Daniels WIP 1960: The #1 Mistake Wholesalers Make That Kills Their Deals
In this episode, Matt Medrano from “Dynamo” joins the show to reveal the #1 mistake wholesalers make that kills their deals. Learn why "leaving meat on the bone" is crucial for your buyers, how to leverage hard money lenders as free local mentors, and the ins and outs of asset-based lending.
Tune in to level up your real estate game and build bulletproof relationships with private lenders! Be a part of the TTP training program now.
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Show notes:
- (0:00) Beginning of today’s episode
- (1:03) Using hard money lenders to find cash buyers
- (1:47) The tiers of wholesaling and why you must "leave meat on the bone"
- (3:46) What is "loan to own" sharking and how to avoid it
- (5:32) Why local hard money lenders are your best free mentors
- (8:06) Busting the biggest myths about private lending
- (11:55) Explaining asset-based lending in simple terms
- (13:58) Understanding loan-to-cost (LTC) and 100% financing
- (16:00) Creative financing: Deferred payments and rolling interest
- (27:18) The importance of actually having the ability to close
- (29:12) The "15-yard line" strategy for real estate success
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Resources:
- Dynamo
- Lima One Capital
- LendingOne
- Realtor.com
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
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