We learned in Episode 65 that Alex Joungblood is a Wholesaling ninja and the man behind one of the best free Wholesaling resources on the web: the Wholesaling Houses Full Time Facebook Group.
Today we’re digging into one of his biggest deals, which wasn’t necessarily an easy deal to close.
Wholesaling Inc & Alex Joungblood are doing something special for anyone who wants to start Wholesaling and is looking for help: Head over to Wholesalinginc.com/WHFT and book a strategy session with our team to take advantage of it.
IN THIS EPISODE YOU’LL LEARN:
- The importance of your WHY
- Why the most successful Wholesalers help solve people’s problems
- Why you can’t make a sale if your lead doesn’t have a fly away plan
The Year-Long Contract
This deal took over a year from contract to closing.
- The lead originally came from direct mail.
- They were able to negotiate the deal down to $167k, and at the time renovated properties in this area were selling for around $350k.
- The owner wanted to move closer to her children, but she was having trouble finding a place to rent that would accept her dog. Alex tried to help her find an apartment and connected her with someone to help with a mortgage.
- She wanted to sell, but she didn’t know where she was going to go. Alex learned from his mentor, “If they don’t have a fly away plan, then you’re in for a long road.”
- Alex was originally intending to buy the property himself but, during this months-long process, he found a buyer who was very interested in the property.
It’s important to note that Alex was repeatedly talking to the property owner and helping her overcome obstacles. If you can help the seller accomplish their goals, whatever they may be, then you are more likely to make a sale – and make it a win-win for both of you!
At the end of the deal, Alex walked away with a $26,000 Wholesale assignment fee.
17 Wholesaling Hacks
Alex has a program called 17 Wholesaling Hacks and he’s generous enough to share the first hack for free with Rhino Nation.
Go to wholesalinghousesfulltime.com/hack to discover the simple hack you can use to flip your first deal in 15 days or less (without spending a dime on marketing)!
- Listen to the Real Estate Investing Mastery podcast
- Join Alex’s Facebook Group: Wholesaling Houses Full TIme
- The 12 Week Year: Get More Done in 12 Weeks than Others Do in 12 Months by Brian P. Moran & Michael Lennington