Perfect Script for Talking & Qualify to Motivated Sellers | Wholesaling Real Estate [DAY #15]

TL;DR

Inherited property with motivated sellers asking $150-180K, ARV $330K, needs repairs, buyer willing to pay $130K, seller needs 60 days post-close for moving logistics.

Transcript

what is up guys zak in here and in today's video we're going to break down the perfect script for talking to sellers uh exactly how to talk to motivated sellers the right right way in real estate wholesaling and you all know the drill i'm going to show you everything you need to know about how to talk to a seller in person over the phone really hon... Read More

Key Insights

• 🥺 Proactive lead generation strategies like reverse driving for dollars can yield profitable probate deals.
• 😚 Negotiating terms like a reduced sale price to accommodate seller's preferences for a longer post-close period is crucial for successful real estate wholesaling.
• 🆘 Utilizing title companies can help navigate legal complexities associated with property ownership, enabling smoother transaction processes.

Questions & Answers

Q: How does the land contract affect wholesaling the inherited property through probate?

The land contract can complicate the wholesaling process, but with proper research and assistance from a title company, the deal can still be wholesaled successfully.

Q: How can the buyer handle tenants residing in the inherited property?

The buyer might negotiate a reduction in the sale price to manage the additional time required to evict the tenants from the property.

Q: Should a transactional fund or double closing be used for the probate property deal?

Consider leveraging the buyer's funds for the transaction or opting for a transactional fund to facilitate a double closing strategy for the deal.

Summary & Key Takeaways

• Engaged in reverse driving for dollars in Florida, found a probate property inherited by a motivated seller with an ARV of $330K but willing to sell for $150-180K.

• Buyer offering $130K, seller requires 60 days post-close for moving logistics.

• Strategy involves negotiating with seller to reduce price to 140K, providing 60 days post-close, benefiting both buyer and seller.