My First Real Estate Deal Proof of Concept and Unexpected Bonus! #wholesaling #paynelessflipping

Name: My First Real Estate Deal Proof of Concept and Unexpected Bonus! #wholesaling #paynelessflipping
Uploaded: 2024-04-12T15:00:44+00:00
Duration: 50 s
Channel: Nathan Payne
Description: In this video, Nathan Payne narrates his first real estate wholesaling transaction. He and his partner Corey secured a deal that resulted in a $5,000…

12 Apr 2024 · 1 min

Watch on YouTube

0:50

In this video, Nathan Payne narrates his first real estate wholesaling transaction. He and his partner Corey secured a deal that resulted in a $5,000 check, which they split, serving as a proof of concept that the wholesaling model works for them. Nathan emphasizes the excitement of turning a modest profit after three months of effort, highlighting the psychological boost of achieving a tangible result. He also shares a side anecdote about a friend named Donald who, while moving back to Croatia, offered Nathan a collection of free items from his house, illustrating an unexpected bonus and Nathan’s frugal mindset rooted in his thrift‑store upbringing.

Chapters

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, uh, this deal. We were like, oh, this is real. And it was crazy because, uh, like I said, $5,000 is not a lot after 3 months of work, and we had to split the deal with me and Corey. Anyway, it was a proof of concept, and we were excited to get it done. And add a cherry on top all that, everybody. Donald, as he's moving back to Croatia, he had a bunch of stuff at the house. And I'm a— I don't want to say cheapskate, but I was born like, hey, you know, if something's free, go get it, you know? Like, I grew up like, hey, I liked going to thrift stores growing up. I like doing all that. So when he left, he's like, hey, you can have pretty much anything here. And I was like, word, for real?