How We Flipped a House with an Unbeatable Offer? #paynelessflipping #virtualwholesaling

Name: How We Flipped a House with an Unbeatable Offer? #paynelessflipping #virtualwholesaling
Uploaded: 2024-12-02T23:00:18+00:00
Duration: 38 s
Channel: Nathan Payne
Description: In this brief monologue, Nathan Payne explains how his team secured a wholesale property by presenting an offer that was $20,000‑$30,000 lower than…

2 Dec 2024 · 1 min

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In this brief monologue, Nathan Payne explains how his team secured a wholesale property by presenting an offer that was $20,000‑$30,000 lower than competing investors. The offer featured a zero‑day inspection period, a $50,000 non‑refundable earnest money deposit, and a two‑week post‑closing occupancy allowance for the seller. The seller accepted immediately, and the team earned just under $35,000 in wholesale profit. The narrative highlights the strategic use of aggressive pricing, high earnest money, and seller-friendly terms to create an “unbeatable” offer that closes quickly and yields a solid profit.

Chapters

Well, we flipped it the painless way. We flipped the house before we even make the offer. This allowed us to make an offer that no one else can compete with and make an offer that we knew was $20,000 to $30,000 lower than any other competing investor. So our offer had a zero-day inspection period, a $50,000 nonrefundable earnest money deposit, and we allowed the seller to stay in the property for an additional 2 weeks after closing so that he could figure out his moving situation after he had some money in his pocket. They were thrilled with the offer and they accepted it without hesitation. And we made just under $35,000 wholesaling that property.