$250k in 1 MONTH CHALLENGE (Day 4) | WHOLESALING REAL ESTATE

Tyson Smith walks through a wholesale contract for a 3-bedroom house in Raleigh, NC. He's buying it for $182,000 and expects to resell for $200-$205k. The segment covers title verification, signing procedures, escrow fees, and closing timeline at the end of May.
Chapters
So this is more like, um, to get the, uh, the check, the title and all that, right?
Yes.
Okay, okay. Today, that's so they can get this. They got to make sure I got a clear title that is in my name and all that. So this is basically what this is, right?
Yep. All right guys, I'm just now walking, um, the seller through a contract. It's a property we're looking in, uh, Raleigh, North Carolina. 3-bedroom, 1-bath. Looks like we're gonna be picking up for $182,000. Hey, first deal, how long it's gonna take completely depends, man, 'cause there's definitely an element of luck involved in the first one. You could get your first deal in a week. Other people, it could take you an entire year. Who knows? DJ Swizzle, bro, I seen Cote d'Amour, I built some furniture with my dad, and smoked a J. Pretty good day. Yes, we do do deals in Tampa.
So I gotta sign all these, right?
Yes.
Initial, initial, and then it's like 2 sections where you sign.
Yeah, this will be a good deal in Raleigh. It's not like a home run or anything, but we should probably be able to sell it for around $200, maybe $205. Uh, yeah, the Fit Dad, man.
I also— Blake Smith is your attorney?
Uh, no, Blake Smith is— he's, uh, he's actually my father. He's one of the owners of the company.
Oh, okay, okay.
Gary, you can't lose money on wholesale deals. I mean, besides your EMD, but we have an inspection period and we have specifically in our contract that says if we—
Yeah, who is your attorney?
The closing attorney?
Uh-huh.
So they're not actually in a— I'm sorry, they aren't an attorney themselves, but it's Danielle Cover, and so they're the ones who handle all the closing.
Okay, so that's your attorney?
Yeah, Danielle Cover over at the, the Clothesline Settlements lady.
The what now?
The clothesline settlements lady.
Oh, okay, okay, okay.
Taking advantage of an older African-American woman. I don't understand how we're possibly taking advantage. She says, I'd like $182,000 for my house, and I say, okay. Yeah, really took advantage. Yeah, bro, if you ever need help moving properties, let me know. Right on. Yeah, definitely get the probate figured out. All right, how do you— how do you dispo all over the states? I list properties on market. I also have an Investor Lift membership.
And she would have got the excess for the escrow fees and costs, um, standard title policy and fees and all that improvement, huh? Yeah, I saw that. Are you ready to initial in front? I guess so.
I list the properties with a flat fee listing service.
Okay, you know, you can put it on here so it's clear. Sorry, um, you put this thing on the paper here so it's clear you have a hard backing. Okay, so I'm Anusha. So you're initialing there. Mhm. All right, let me just— can I have a seat? Yeah. Okay. I told you to sit down. I didn't hear you. I didn't hear you. I said I don't want to just assume. I don't want to just assume. Okay, so yeah, so you initialing there, initial here. There. And here you're going to write the date. So today's date is May 6th, 2023. And then you're going to sign your name right here. Initial. Okay, and then you're going to sign your name again and date right here.
Mm-hmm. Antoine, for all my phone services, it's smartphone.io.
May 6th. And initial. Right here. Yes. Do I— I don't know because it's just— I'm calling one person. And that is it.
All right, we got all the highlighted portions initialed or signed and dated.
Oh, what happens if I decide to cancel?
I'm sorry, if you decide to cancel?
No, no, no, I said what happens if I decide to cancel? Before the 31st.
Wait, I'm sorry, I'm not sure what you mean by that. What do you mean by council?
She said cancel.
Oh, cancel. Gotcha. So what I want to say, Rhonda, right now is if you have— if you feel like you want to cancel this, or if you're going to want to cancel this for any reason, then we should just go ahead and tear up the contract right now. I mean, This is like agreeing to sell the house. Once we get our things moving, we start investing money, so there really is no like canceling.
Oh, okay. I mean, I'm just asking just basic questions.
Gotcha. Well, I want to make sure, Rhonda, that this is something you 100% do want to sell, and then—
and yeah, that's all I'm doing, just asking questions. Okay. Yeah. All right. So I think she signed— she— well, not think, she has signed and dated everything where you have highlighted. Okay.
Awesome. Okay. So Tina's—
Certificate of Completion, there was nothing for her to initial? Yeah. Okay.
Yeah, we don't need anything on that page.
Okay, all right. Okay, have your copy. Okay, okay. Yeah, thank you. Oh, you can have it. Oh, okay, thank you. The end of May, that's when it closes and stuff, and he said if I needed more time, he would give me more time, but I'm trying to get that stuff out of there, so that's been said, man. So I just got to keep working. Okay, um, so we are done here. Okay. Tyson?
Yes?
Hello?
Hello?
You still here?
Yeah, I'm still here.
Okay, I'm done here. Okay.
Yeah, so if you'll go ahead, scan that and send it back to me. And then Aronda, can you hear me?
Uh, I can read.
All right, I'm gonna have my sales manager Doggo give you a call. Um, he's just gonna go over everything with you, um, make sure that all the dates and everything were right, and figure out if you have anything else you may need that we'd be able to help you out with. He'll be giving you that call, uh, on Monday.
Oh, okay, okay, okay, excellent.
All right, and then if you have any questions, he will probably be your main point of contact throughout the rest of the transaction. But if for any reason you're unable to reach him and you have a question, you have my number. Please feel free to call me with anything.
Oh, okay, that's fine.
Okay, awesome. Okay, Tina, um, I'll just be on the lookout for, uh, for your email with the copy sent back.
Okay, uh, it may be an hour. Is that okay? Yeah, that's fine, because I'm like almost 30 minutes and I have to pick up my granddaughter.
Yeah, absolutely, that's okay.
No worries.
No worries.
Okay, thank you.
All right, thank you, ladies.
Okay. All right, have a good one.
You too. Bye-bye.
Bye-bye.
All right, there we go, boys. We come in on Saturday, we buy a little house that's gonna make us $20,000. That's it. That's it.
Cool.
Well, that's it for me. I think I've earned the, the right to go home, light up a cigar, or maybe a J, and lay by the pool for a little bit. So I think that's what I'm gonna go do. I might go live and maybe like answer some questions or stuff while I'm doing that. We'll see. How much did Tina charge you for this service? She charged me $70. I already paid her $70, and I'm gonna send her another $80 just as a little tip, as a thank you for her taking the time out of her Saturday to help me out with this. So yeah, we'll pay her $150. We'll pay her more than double than what she's asking because I do appreciate her. She was the only notary who called me back. So cool. All right, so Once we get this back, that'll be our 4th contract. We're 4 days in, we're averaging over a contract a day. Guys, I'm doing this for a couple reasons. Number 1, I want to make a quarter million dollars in a month. Number 2, I want to show you guys that it's possible for one person to go ahead and make that happen. And 3, just so you guys can learn about my sales process and see that this really isn't that hard. I mean, it's just a matter of doing the reps, making the calls, having the conversations. And that in conjunction with talking to motivated seller leads works out. If you guys want to fit— if you guys want to get leads like this for yourself, you guys can go to, uh, the link down below. If you're watching on YouTube, the, uh, motivated seller leads, or if you guys are watching on TikTok, hit the link in my bio and click the button that says motivated inbound seller leads and get on a call with those guys over there at Leads Connect. Noah, yes, we also locked up Harry's deal. So we've got a deal in California, Yucca Valley, California. We locked up for $316,000. Looks like we're going to sell that for $340,000. We have a deal in Bellevue, Illinois. We got it at $73,000. We're looking to list that at $180,000. That's going to be a monster deal. We got this deal in Harry's deal, which is in Indianapolis, or no, it's outside of Indianapolis somewhere. And then we just got this one here in Raleigh, North Carolina. So yeah guys, I might hit a little live by the pool. We'll just answer some questions or whatever. We'll just shoot the shit. We'll see. But anyway, thank you guys for watching. And I will be tomorrow, I won't be doing any calls more than likely. I might make some by the pool or something, who fucking knows. But not planning on it. But so maybe tomorrow, but if not for sure we'll be rocking some more calls on Monday.
More from Tyson

Join My Luxury Wholesale Coaching Call For FREE // Tyson Smith & Matthew Tooker









