How I Bagged $5K on My First Wholesaling Deal [PART 2] #wholesaling #paynelessflipping

Name: How I Bagged $5K on My First Wholesaling Deal [PART 2] #wholesaling #paynelessflipping
Uploaded: 2024-06-06T15:00:07+00:00
Duration: 57 s
Channel: Nathan Payne
Description: In this segment of his YouTube video, Nathan Payne recounts the negotiation process with a seller named Donald for his first real‑estate wholesaling…

6 Jun 2024 · 1 min

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In this segment of his YouTube video, Nathan Payne recounts the negotiation process with a seller named Donald for his first real‑estate wholesaling deal. He describes multiple visits to Donald’s home with his partner Corey, during which they learned that Donald is a Croatian immigrant who dreams of returning to Croatia to start a fish farm. By building a personal connection and spending time with Donald, they earned his trust and friendship. When it came time to negotiate, they presented a low offer of $185,000, which Donald accepted, and they set a two‑week closing timeline. Nathan frames this experience as the first concrete step in the wholesaling workflow—finding a deal and securing an agreement—highlighting the importance of relationship building, understanding the seller’s motivations, and moving quickly to close.

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Negotiating with Donald, unfortunately, it wasn't like, like we walked in and immediately we were able to come to an agreement. This actually took like many different times of me and Corey going to his house. And as we were able to get to know him better, we ended up finding out that Donald, he's from Croatia. You know, he was, he was living in the United States, but he wanted to get back. He was like, man, I want to just go back to Croatia. I want to start a fish farm. We're like, oh, wow, I don't know anything about fish farms. But sounds like you got a dream. You got to go chase it. A lot of the times we'd call Donald and he wouldn't answer. We were like, we figured he'd be sleeping. So we'd we would just knock on the door and he'd let us in and we would hang out for a little bit. He actually became like a pretty good friend. We were just, you know, hanging out until we were able to kind of get to an agreement. And when it came down time to negotiate with Donald, we just threw out an offer. So we offered low, we offered $185,000, which we felt was low, and he agreed. He's like, okay, all right, sounds good, when can we close? We set it out for like 2 weeks. So as brand new wholesalers, we had just done the first step of what we've been taught, just find a deal.