How I Bagged $5K on My First Wholesaling Deal [PART 8] #wholesaling #paynelessflipping

Name: How I Bagged $5K on My First Wholesaling Deal [PART 8] #wholesaling #paynelessflipping
Uploaded: 2024-06-09T15:00:48+00:00
Duration: 58 s
Channel: Nathan Payne
Description: In this segment, Nathan Payne narrates the final stages of his first real‑estate wholesaling transaction. After renegotiating the original contract, he…

9 Jun 2024 · 1 min

Watch on YouTube

0:58

In this segment, Nathan Payne narrates the final stages of his first real‑estate wholesaling transaction. After renegotiating the original contract, he and his partner Corey secured an assignment agreement with buyer Roger. Approaching the closing date, they felt uneasy, fearing the title company might reject the deal. To mitigate risk, they met with Donald at the title company to oversee the signing process. They watched Roger sign the documents through a glass window, confirming the transaction proceeded smoothly. Once the deal funded, they received a $5,000 check— a modest but pivotal proof‑of‑concept that validated their wholesaling strategy and boosted their confidence.

Chapters

we were able to renegotiate the deal, you know, through pain and get Roger to agree. We signed the assignment and we assigned the deal to Roger. And guys, when it came down to the closing date, you think we felt confident and comfortable? No, we didn't. We were scared that the guy at close would just like look at the documents and just be like, nah, I don't want to sell. Because again, we didn't know what could happen. So we ended up meeting Donald at the title company. We were like, hey man, we'll meet you there because we wanted to make sure he would sign. And if there were any issues, we wanted to see if we could overcome those objections at the title company. If there were any, which there's not. So anyway, we go there and there's like a glass window as he's signing with the title company and we're watching him sign. Me and Corey were like, looks like he's signing. So he ends up signing, everything's fine. And they hand us— after he signs and it funds, we later get the check for $5,000. That's my first deal, $5,000. I felt great. Now, $5,000 is not a lot, but it was the proof of concept that made it exciting about this, this deal.