#wholesaling #fyp #realestate #wholesalehouses ...
I do pretty well financially, and as a fully transparent, open book, here's how I do it. There are some things that you can recreate, some things you can't recreate, but I definitely think $100,000 of my income per month can be recreated with this information. Tend to use Zillow and PropStream. Zillow is free, PropStream can be free for a week. But in essence, I find people who can't sell their house, and I solve their I can't sell my house problem. There's really only three issues that I encounter, and if you've learned to solve all three of these issues, checks like this, this, this, this, and this will be your weekly norm. Instead of telling you the three issues, I'm going to show you three real life examples of these issues and how I've solved them. Here's a really ugly house in Jacksonville, Florida, and it needs a lot of work. The seller wanted $200,000, but I called them, and when I called them, they said they would be open to $37,000. So we signed a contract, and instead of buying the house for the $37,000, I sold the contract to somebody else for $53,000. That's the best cash deal I've ever done. They're more realistically between $7,000 and $15,000 a pop. The seller's problem is really shitty house, nobody wants the house, and the solution is just offer below what they want. It's not particularly helpful to society. It makes the house nice, and somebody can live in the house, but the seller was looking for more, and ultimately they got less, so it's not immensely helpful for society, but the next two problem solves are. Here's another one. This is 1352 Devonshire Drive in Montgomery, Alabama. I've used this example a lot, so I'll also show you another one. Here's another one. I've also used this example a lot because it's just so simple. If you scroll down on Zillow, you can see the pricing history, and you'll see that this individual was looking for $340,000 and just kept price dropping and price dropping and price dropping, and then all of a sudden after all of their price drops, for some reason they sold over their asking price. See, they wanted 320 here, but then plus 1.6%, they sold for 325 right here. What happened? Well, I called them up, or more so a student of mine called them up and just said, hey, I see you're trying to get your price, and it's not going well. What if we just give you your price, but on a set of payments? The set of payments was 325, 5K over their asking price with $30,000 down and about $700 per month for the next seven years. At the seventh year, we sell the house and pay them out everything else we owe them. I also didn't buy this set of payments because you can call somebody and create a set of payments and then sell that contract to that set of payments off to somebody else. It's called wholesaling real estate, same as the last deal I showed you, but just on a set of payments. That particular deal sold for $25,000, which is also higher than normal, so I'll show you a more realistic one. This first address that I showed you, 1352 Devonshire, we didn't offer over their asking price this time. This time I gave them their asking price, and the set of payments was 135,000. I think we had 13,500 down and about $500 per month, and this one, it's a shitty little property in Alabama. It sold for $12,000, which is still pretty good. So far, I've just showed you two types of contracts we could get. We could offer somebody below their asking price when their house is in horrible condition and perhaps sell that contract to somebody else, back out if we don't find a buyer. I posted a video about that the other day. And then the next situation is your house has been sitting for a while but is in relatively good condition, just for some reason, whatever reason, nobody wants it, I'm going to offer you over your asking price but on a set of payments, and then I can sell that set of payments. This is a mortgage but at lower terms without having to qualify, kind of like you have to qualify for a conventional mortgage. Well, this is not a conventional mortgage, it's just an agreement with the seller and I can sell the agreement with the seller without a license, money, credit experience, any of it, I just pick up the phone and call them. There is a third type of deal, and the third type of deal, it really, really helps society. And this is my favorite one. I do these deals a lot. I will give you an example in Forney, Texas today. This is a deal that a student of mine did with me over the summer. It is 3320 Brentwood Cove in Forney, Texas. And essentially, the seller of this property was looking for, I think it was 400,000, something like that, 375, yeah. They had a mortgage on the property of like 350,000 and they're asking 375. So the thing is, if they were to sell at their asking price, keep in mind a realtor typically takes 5% to 6% of the sales price. Your buyer's agent, 3%, your seller's agent, 3%, 6% total. Anyways, if they were to accept an offer at their asking price, they would have actually had to come out of pocket just to pay their realtor. So the realtor knew that the only person profiting on the sale was themselves. So we called up the realtor and said, hey, would you settle for a slightly lower commission? I'll tell you what. I'll give your seller $7,000 in cash and I'll give you $10,000 if we can take over the debt that you have in the property. So the seller made 7,000 that they would have never seen and we lowered the realtor's commission to $10,000. But hey, $10,000 is still great for the realtor. And once again, that is a contract, not something that I have to purchase myself. I have seven days to find a buyer for this and then hold my hand wholesale. We either are your buyers or we have your buyers. So I've been aggregating a list of people who buy these for the past three years or so and then I call them or more so my team calls them when we have a new contract. The important thing to know for you is that you can choose to buy these agreements, but you can also choose to wholesale these agreements. And these are just three that I frequently use. There's actually a lot more types of solutions that you can provide to sellers. I just don't focus on them sometimes because they require capital, sometimes because they require longer amounts of time, but other creators on the internet do and it's really cool to see them make money in this way. But yeah, I also generate a lot of money teaching this as well. So half of my income comes from teaching this, half of my income comes from practicing this and I'm really happy to say that because it didn't used to be the case. It used to be flip-flopped. I would make a lot more from teaching this than I did from wholesaling this. But if you scroll through my account over the past couple days, I mean past week or so probably $100,000 in assignment fees. I'm speaking softly about this today because I'm tired of all the, what's up guys, my name is Richard Taylor and this is how I made $10,000. It's my hope that speaking slower to you perhaps shows you a type of communication that you don't frequently see on the internet, maybe a more transparent type of communication and my real hope is that I can teach you how to do this for selfish reasons. The first reason, but it also helps you, but for selfish reasons primarily. The first reason is because I get the $19.99 subscription that you signed up for and the second reason is all of these deals that I found you, showed you, were found by other students. I taught them how to find these deals and I gave them the majority of the profit. I spend about three hours of my time live within the subscription service teaching other people, usually about 500 people at a time. Those people go out and they find the deals and I sell the deals for them. I give them 60%, I keep 40% so I profit on their acquisition of the deals. I get to pick the best deals for myself. I buy the good deals and I pay them assignment fees if I like their deal, an assignment fee that they agree on with me and then I also get the subscription revenue and we have 13,000 students. So, I'm being transparent about it this morning. I make money from selling education. I make money from selling real estate deals, wholesale deals and I document the process. I time lapse it. So if you wanted to confirm what I'm saying, maybe I just handpicked a couple examples and I don't actually make money here. I post the addresses and the time. You could look at the addresses and you could go on Zillow and you could confirm whether or not the deals have been done and there's two ways to do that. You can either check public record, but these are deals from the past week so it's likely that public record hasn't even updated yet. So more realistically, I'd take some of the addresses and I'd call the realtor and I would say, hey, there's a guy on the internet saying that he did this deal with you. Is that true? Did that happen? And then that can kind of give you an unbiased third party lens as to whether or not this actually works. But I really do believe that this is a good way for you to make money and I have a lot of case studies where people have made tons of money. I would just suggest you scroll through my account. But also, this is Hold My Hand Wholesale. So Hold My Hand Wholesale is that education service. I believe we go above and beyond with 12 hours of classes per day, Monday through Monday. And I think that we have gotten the reviews because of that. This one came in 15 hours ago. Solid, authentic, high value. I've been watching Richard's TikTok videos for a while. I'm not going to read all this, but check it out. I've worked really hard on this and just tell me if you think that I have a good business model or if you think it provides value because I really do think so, but I also value your opinion.
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