The Rare Offer Sellers Instantly Accept! #shorts #wholesaling

Name: The Rare Offer Sellers Instantly Accept! #shorts #wholesaling
Uploaded: 2024-11-10T23:00:29+00:00
Duration: 37 s
Channel: Nathan Payne
Description: In this short video, real‑estate investor Nathan Payne outlines his "painless flipping" method. He explains that he avoids making firm offers unless a…

10 Nov 2024 · 1 min

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In this short video, real‑estate investor Nathan Payne outlines his "painless flipping" method. He explains that he avoids making firm offers unless a seller is ready to decide, preferring to present a price range that keeps him in the money while still being attractive to the seller. He contrasts this with the common industry practice of offering a fixed amount calculated as 70% of the after‑repair value (ARV) minus repair costs and a wholesale fee. Payne notes that, despite the appeal of the 70% formula, sellers rarely accept such offers outright, highlighting the need for a more flexible, seller‑ready approach.

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What I do is painless flipping, right? So the seller is going, usually wants an offer, right? And I don't like to make offers unless again, they're ready to make a decision. Unless I make kind of a range, give them a range and I'm in the money and they want to agree and I know it's a great deal, then I'll lock it up. But that doesn't usually happen where they're like, you know, you make them a 70% of ARV minus repairs minus wholesale fee, which most people do. And they're like, yeah, sounds great. Let's do it. Like if you get that, lock that thing up immediately, right? Yeah, because you, you got a deal. But as you know and I know, that doesn't— that rarely happens that someone's like, sure, I'll take it, right?