Virtual Wholesaling | Closing a Seller Over the Phone (LIVE) | $57,000 Profit!

TL;DR

In this video, Zack Kin shares a 2019 recording of himself closing a $57,000 virtual wholesaling deal and breaks down the conversation to provide insights and tips for successful real estate wholesaling.

Transcript

what is up guys zakin here and in today's video i am actually opening the vault in my real estate wholesaling training that is right in today's video i'm actually going to show you a video of me from 2019 closing a 57 000 virtual wholesaling deal that is right i probably showing it um quick background for everyone watching this i run a seven-figure... Read More

Key Insights

• 🔐 Genuine conversations and building rapport with sellers are key to closing successful wholesaling deals.
• 🥺 Providing urgency and making the seller feel important can lead to faster deal closings.
• 🥶 Overcoming the fear of cold calling requires taking action and realizing that negative responses are insignificant in the grand scheme of things.

Questions & Answers

Q: How did Zack Kin convince the seller to sell the property for $90,000?

Zack created urgency by mentioning that he had three other appointments and would cancel them if the seller signed the contract and agreed to sell, making the seller feel important and motivated to close the deal quickly.

Q: Why did Zack Kin choose to whole-tail the deal instead of wholesaling it?

There were tax bill issues and the timeline was extended, so Zack decided to close on the property and sell it on the market, making minimal improvements to maximize profits.

Q: How did Zack overcome the fear of cold calling?

Zack emphasizes the importance of taking action and realizing that negative responses from sellers shouldn't affect you. He reminds himself that the only opinion that truly matters is his own, as well as the support of his loved ones.

Q: How can someone find buyers for their wholesale deals?

Zack often finds buyers through the MLS (Multiple Listing Service), where he lists the property for sale after closing the deal.

Summary & Key Takeaways

• Zack Kin opens the vault to share a video from 2019 in which he closes a $57,000 virtual wholesaling deal.

• He emphasizes the importance of using actual deal recordings to train his acquisitions team and reveals that he is revamping their training modules.

• Zack highlights key points from the recording, such as creating urgency, building rapport, and being calm, to successfully negotiate and close deals.