Nathan Payne closed a $407,000 real-estate deal without signing any agreements, relying instead on trust with the wholesaler, buyer, and title company. He negotiated the price with the seller and says established relationships protected him from being undercut.
So we got to negotiations. He's like, well, what do you want me to pay? Because $400,000 is tight. I said, can you do $407,000 so I can get paid and they can get paid? I know it's a tight deal, so let's just get it done. He's like, okay, I can do $407,000. So I was like, okay, great. So I went back to the wholesaler and I made the offer to the wholesaler and just said, hey, are you cool with this? Are we good to go? And we negotiated. They said, yeah, $407,000 is cool. We don't want to flip it. Let's get it done. I know the wholesaler. I know the buyer. I know the title company. I know everybody because I've been doing this for a while and you'll get to that point. So I didn't have to sign any paperwork, guys. I didn't do a JV agreement. I didn't sign a wholesale agreement. I didn't do any of this because I knew everybody. No one's going to snake me out of this deal. And by the way, people don't snake you out of deals if you provide value.
Why Traditional Wholesaling Keeps Failing You (Use This Pre-Flip Method Instead)
