An Investor tried to buy a house for cash! #wholesaling #paynelessflipping #paynelesswholesaling

Name: An Investor tried to buy a house for cash! #wholesaling #paynelessflipping #paynelesswholesaling
Uploaded: 2024-04-09T15:00:07+00:00
Duration: 40 s
Channel: Nathan Payne
Description: In this segment, Nathan Payne recounts a real‑world wholesaling scenario involving a seller named Donald who was already under contract with Payne’s…

9 Apr 2024 · 1 min

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In this segment, Nathan Payne recounts a real‑world wholesaling scenario involving a seller named Donald who was already under contract with Payne’s team. An unrelated investor arrived at Donald’s house with a large amount of cash—between $40,000 and $80,000—offering to purchase the property on the spot. Donald, aware of his existing contract, declined the cash offer. Payne uses the story to illustrate the dynamics of cash‑offer tactics, the importance of honoring existing contracts, and the potential pitfalls for both sellers and investors in the wholesaling process.

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So we re-sign an agreement. And this is what he told us after he did this. He's like, after we signed and did the agreement, he's like, do you know the other day someone came to my house, another investor came to my house and came in and started talking about the house. And I told him I was already under contract with you guys. And the investor— this is what Donald told us. He said the investor said, I will buy your house for cash right now. And Donald's like, what are you talking about? The guy goes to the bank, gets $40,000 of cash, and he comes back and he lays the cash on the table. It was like 40 or $80,000, something stupid. He lays the cash on the table and he says, I'll buy your house right now. Here's cash. And Donald's like, no, I'm under contract.