myEmpirePROQuestion: “How Do I Get A WHOLESALE CONTRACT?”
All you have to do is Google that, there’s all kinds of options that come up but if you’re going through our program here,
…we do give you a copy when you get to that stage.
Remember what I just told you about solving problems that don’t exist,
Like don’t try to solve problem number four until you learn how to collect the right type of data.
Generate contact, meaning somebody actually contacted you or you contacted a person and you know how to do that over and over consistently.
Because there are 2 secrets in this game:
(1) Simplicity and (2) Consistency.
Keep it simple and be consistent, but keep it simple with what?
If you’re keeping it simple with things that will frustrate you, then there’s no point.
You’re wasting time.
So make sure you’re also keeping it simple with the right strategies and you’re consistent.
You’re positioned in the place that you can do it over and over and over again.
Even if you don’t close a deal for the next three months, you can do it over and over.
You know exactly what to do.
So wholesale contract, when you get to that stage in the 11 Days Challenge, we’ll give you a free copy for free,
…you can use it anywhere in the nation.
The other thing I want to tell you about wholesale contact, I was talking to one of our prodigies and he or she said something about,
…there was a contract that they couldn’t use in the state of Kentucky or something like that.
Let me tell you something if you did everything wrong, if you write the contract that says “I’m buying this house from you for this amount of money and we’re gonna close”.
It’s a binding contract.
Don’t get stuck with that problem.
A contract can be fixed anywhere on or before the closing date.
So even if you did it all wrong, the key thing here is that you need to be talking to a motivated seller.
You need to spend your time talking to motivated sellers.
Don’t waste your time on non motivated sellers.
PREVIOUS POST: Do I Need Money To Wholesale?
What do I mean by that?
They have to desperately want to sell a property.
The property is a liability for them, and they need to get rid of it.
For many reasons, it could be divorced, fire damage, too much repair, they moved out of town.
There’s so many reasons why somebody would want to pawn away a property and those are the people you want to focus on.
If you find yourself in a position where you’re cold calling, it’s difficult because your expectation is that every next person is gonna be a deal, and that’s frustrating.
But if you put yourself in a position where the calls are coming in or you at least keep it simple to a text message and you have an easier chance of success
…because remember consistency as a secret, you can do that over and over again.
You can dedicate two hours per day doing that until you close your first deal but you need to be texting the right people.
You need to make sure that you know what to say to these people.
So don’t solve the problem of contract unless you have a person or unless you have generated a lead.
A person who says “yes, I do want to sell”.
“I like what you’re talking to me.”
“What’s your offer?”
Present your offer in written form.
TRENDING: A Complete Guide & Breakdown of Real Estate Wholesale Assignment Contracts – FREE DOWNLOAD
I cover this also in the 11 Days Challenge.
Don’t say, “Hey, would you accept this?”.
Don’t do that.
That’s unprofessional plus everybody else and their moms and their pops are doing that.
Plus, if you leave your word like that in the conversation on the phone, you’re putting them in a position where they said, “No, you’re crazy”.
And now there’s nothing to look back on, they may change their mind two weeks from now, three weeks from now, there’s nothing to look back on.
The only thing they remember is how you made them feel by giving them “a lowball offer”.
But when you make it in a written form explaining why you’re giving them the offer because you’re never stealing people’s properties.
Keep that in mind that you’re never ever stealing people’s property.
We’re giving them a fair market value.
What the property is worth and based on the fact that you are trying to make money and the person that’s going to buy the property has to make money too.
That’s fair market value, that’s not after repair value.
It’s gonna be a percentage of the after repair value.
That’s your point.
The idea is that whoever is buying this property has to make money.
You have to make money, for finding the deal so you’ll never lowballing people,
…you’re giving people fair market value.
We’ll cover that in detail when you get to that stage in the 11 Days Challenge.
So the answer to the question, How do I get a wholesale contract?
HAVE YOU SEEN THIS: More Video on our YouTube Channel
We have that in the 11 Days Challenge but if you Google that, there’s a ton of contract.
If you really have that problem, somebody’s interested.
That means there’s a lead.
Then you can find one on Google.
There’s a ton of gurus that will give you a contract for free but I’m just warning you,
Don’t try to solve problems that don’t exist.
Don’t look for a contract until you know how to generate leads.
It’s a waste of time.