Real Estate Wholesaling Syndicate

Wholesaling Live: Closing a Deal from Start to Finish

Ky Logue Season 1 Episode 59

In this episode of the Wholesaling Syndicate podcast, we take you behind the scenes of a real estate wholesale deal from start to finish. Join Ky Logue as he showcases a live cold call that leads to a successful closing. This episode provides a raw and unfiltered look at the entire process, highlighting the skills and strategies needed to close deals in the real estate wholesaling business. Plus, get the latest updates on the upcoming Wholesaling Syndicate Live event happening on September 14th in San Antonio, featuring top industry experts and invaluable resources—all for free! Tune in to learn, get inspired, and take your wholesaling game to the next level. Don't forget to visit FreeWholesalingLive.com to secure your spot at the biggest wholesaling event of the year! 

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Syndicate Podcast
 Yeah, I'll show you how to get it. But you have to be willing to do the work for the syndicate. It's a motherfucking bloomin good. You ain't gotta be perfect as long as you gotta put the work in. If when it comes to the bullshit, you will learn, you will love. You just might be my kind of person. Welcome to the syndicate. Where real estate wholesaling is what the business is. Ain't gotta talk about it when you're out here living this with you, out here getting it. And welcome to the syndicate. Ah. Let's go, let's go, let's go. Well, welcome to the syndicate. Let's go, let's go, let's go. Welcome to the syndicate. Hey what's up guys? So in this podcast episode, we're doing it a bit different. I wanted to actually show you what it's like to close a deal, start to finish. And I did one just a couple of weeks ago on the Wholesale and Syndicate live stream that we've been doing daily. Check it out on YouTube if you haven't. Uh, but yeah, I just did a live stream, made some calls, and we closed this deal. So that way you guys can hear it start to finish, see what it's really like. Um, and I'm just going to play it in just a second and we'll go through that. But if you guys haven't heard, we're doing our biggest event yet. It's going to be the best wholesaling event in the space. Highly recommend you come down. It's going to be September 14th that Saturday I got some of the best speakers coming. We're announcing more and more every day. I got a badass venue. It's over 14,000ft². It's going to be real tactical information, no fluff, no B.S. you've got to listen to show you know what the syndicate's about. But make sure you get there. It's here in San Antonio. Just go to free wholesale and Live.com craziest part is it's completely free. So all you got to do is get here. I'm going to give you everything you need to know. You're going to get scripts, Leeds contracts. You're going to have me there as well as other people in the syndicate mastermind and some other people I invited helping you close deals. Uh, and like I said, I got some of the best people as far as experts in the industry that are really doing it, coming in town. And again, it's all free. Let's go to Free Wholesale and Live.com. Hope to see you there. Um, but here's that call I mentioned. Let's get into it. Hi. Is it Sarah? Yeah. Hey, Sarah, this is Kyla. Give me a call. How are you doing today? Uh. Pretty good. Awesome. Uh, you know, JP asked me to give you a call. I think you guys spoke a little bit about about the property, and, um. Logan. Okay, perfect. Yes. I might ask you a couple questions. I hope you're not too redundant. Um, but, yeah, hopefully we can, uh, get you an offer and you get to give me some info, but I just want to make sure we're all on the same page. Um, so as far as that property there, um, let me pull it up again. So it is. You said it was a three bedroom, two bath. Um, how big is the property now? How many bedrooms and bathrooms again? It's a two bedroom, two bath, two bedroom, two bath. Okay, perfect. And then two baths. Oh, so you kind of went over everything. And then as far as the timeline, um, if we come to an agreement, how soon are you looking to close? Oh, I think this. Whatever. Yeah, yeah. Okay. Not not a massive rush, but, you know, I start to finish emptying it out. Yeah. Okay. You said you have a lot of stuff there still. Or do you. How long do you think it'll take to get it cleaned out? Uh, probably, you know, about maybe a month or less. Oh, perfect. Yeah, that's perfectly fine. Yeah, as long I just keep us updated. Yeah. We can. We're pretty flexible, so you shouldn't stay on the same page. Um, perfect. Yes. I'm just reviewed the notes, so it looks like. I think he has pretty much all the questions that we needed when he spoke with you. Um, and he did run the comps, and it looks like we got the offer put together for you as well. Um, so I'm not sure if you mentioned, but how our offers work. So they're all cash offers. We're going to cover all the closing costs. There's no hidden fees, no real estate commissions or anything like that. Um, so you walk away with, you know, exactly what we agree on. Unless there's, like, any liens or anything that would have to be cleared to get a clean title. Um, is there any liens or anything that you're aware of? No. No liens. I still owe taxes. Okay. That's it. So no worries. Yeah, we can get that taken care of to you. So I'm right at the closing table. So perfect. Yeah. So it looks like. So we ran the comps, and it looks like we'd be able to do 30,000 for cash. Do you think that would work for you? Uh, no, it's less than what I wanted for it, but I'd have to talk it over and see what we all think about that. Yeah. No worries. Um, are you the only owners or anyone else on there? I'm the only owner, but I've got two grandsons that we're going to, you know. I was going to share with. Yeah I understand. Yeah. I think that's just, um, you know, kind of what they came back with after running the comp. So obviously, you know, we have to recover in the closing costs and everything. It's not like, um, if you, you know, so with the realtor where they take fees and splits, there's no hidden fees or anything. Um, and then, yeah, it's like it's clearly as is too. So you have to worry about fixing anything or anything like that. Um, when you talk to your, um. I'm sorry again. I know I'm kind of just a little behind here, so, um, what price were you hoping to get? I was looking at, like, 43, 40, 40 to 43. Right in there. Mhm. You know what I was told the realtors said that they could put it up for about 63. So I figured, you know, I can't even pay their fees and closing and this and that. You know and so that would be you know about where I would expect it to land somewhere right now. So for sure. Yeah I know. Um, you know, reality is sometimes it can be a little conservative to punt on, but yeah, I think you probably I think it'd be fairly close, like to the same number that that we're at. Um, is there a number, you know, that if we came to like, are you flexible at all in that 43 or you just that's exactly what you need or, you know. Yeah. You know, I'm kind of flexible on it. Mhm. Well, you know I live in a different state and so you know it's not awfully far but it's still a state over and like a two hour drive to get there. And I have to keep some you know, keep watch on it. And uh, it's a pain. Yeah. Yeah. No I definitely understand that. Yeah. So that's one of the biggest things. Yeah. We just we make it as easy as possible. So we have mobile notaries and the title company and everything. So we try to make the whole process as easy as possible. You don't have to worry about getting it ready for open houses or anything like that. Um, that's kind of one of the tougher parts about listing it is you have to get it cleaned up and you have to put it on the market before you do anything. Um, so just, you know, really kind of what one of the main benefits of going with us is that it's, you know, it's fast, it's easy, it's straightforward. Um, and we make sure we always get the deals to the finish line. Yeah. Yeah. You know, I'm flexible on it. It's just trying to get everything done at once. We get all kinds of stuff going on here. Like, I don't know what I know. I'm sorry to hear that. Yeah. Um, hopefully I can just take this off and play it. Um, one less thing you have to worry about. Um, so if we were to, you know, move forward today and just, you know, get this wrapped up so you can move on. Um, you know, what would be the best price you could do? Um, for that, uh, you know, as is all in cash offer, uh, it probably be like, it's the 3530 would be the best. Okay, so let let me do so. If I can just make sure we're on the same page. If I can get this approved for you at 35. Um, are you ready to move forward and get this sign today? Sure. Okay. Perfect. So, yeah, if you bear with me just one moment, I'm just going to check with the team real quick. Um, and just make sure I can get that approved. I'm pretty sure I can. Is it okay if I just put you on a brief hold? Sure. Okay. This one. So. So. All right. Get down. No. What are you doing here? You know. Hey, sir, are you still there? Yeah. Perfect. Yeah. So good news. I was able to get that approved for you. Um, so we're going to be good to move forward. So I'm going to send this over to your email. Um, it looks like the email we have is, um, Drake. Um, Palmer at gmail. Is that right? Yeah. Drake. Charmer. Yeah. Okay. Gmail.com. Okay. Perfect. So, yeah, if you bear with me just one moment, I'm just going to type this in and I'll send it right over to you and walk you right through it. All right. And today's date is the fifth of seven. All right. And. All right. And then, Sarah, is this the best phone number for you to to, um, to send to the title company? If they have any questions for you, uh, it would be this one. Just gonna leave a message or text first so I know you know who it is. Trying to get Ahold of me. Oh, of course. Yeah, I'll definitely do that. Yeah, I know, I get a bunch of calls I don't recognize. Oh, I get so many scam and and telemarketing and. Oh, good lord. Yeah. It's wild. Yeah. It's crazy. I average was like, 48 a day. Oh, wow. Yeah, I was not. I was like, all these people get my number. Yeah. Yeah, it's really good. I've had this number forever too, so. Oh, okay. All right, so let's make sure I typed everything in. Right. Looks like I did. So name. Date, date. Address 335. All right. Perfect. All right. Awesome. So I'm sending that over to you right now. And, um, it might take a minute or two, but let me know when you get it. Okay. Kyle Logue. Yeah. That's me. Yeah, it is cancer. Oh, perfect. So there should be a big blue button. I think it says review and sign. And if you click that it should pull right up for you. Okay. No no no. No. There are certain times of day. The thing is just slower than me. Oh, yeah? It's always when you need it. Yeah. It's loading. Loading, loading, loading. Oh, yeah. Um. Okay. I got a purchase contract, an escrow inspection. Construction. Okay. Perfect. Yeah. Then just make sure it's up top. Just make sure I put everything in. Correct. So we get the property address. Purchase price 35. Close the escrow. I was really honored before August 5th. If you need any extra time, just just like I said, just let us know and that's perfectly fine. Then we're going to cover all the closing costs, all that good stuff. Um, and then all this, like, lead paint disclosure, make sure we get access to the property. Um, but, yeah. And if everything looks good, I'm right on the bottom. You'll see my name, signature. And then on the left hand side, there should be a spot where you can click and sign. Okay. Okay, I'm about halfway through it. Oh, not take your time. Yeah. Let me know if you have any questions at all. right. It looks pretty good. Perfect. Yeah. We try to keep it pretty straightforward. So awesome. And then right on the left. Yeah. I should let you sign. And then I think after you do that you can either type it in or you can try to draw with your mouse. And sometimes it comes out a bit messy if you do it that way, but don't worry about it. And then um, there should be a button and then just make sure you hit continue after. Sometimes people miss that one. Oh, and it's okay. Oh, boy. Yeah, it's just going to the mousy thing. Yeah, it should be perfect. Yeah, if it comes a little messy, don't worry. And. A little messy. Yeah. Okay. Uh. Okay. Let's try refreshing. It wants me to refresh the page. It couldn't authenticate. Huh? Oh, let me try that. Yeah, okay, I see that now. I feel like. Okay, now you see it. Yeah, it's almost hidden. If you don't know, it's there. It's super easy to miss. And it did that again. We couldn't authenticate your request. Try refreshing the page. Huh? I've seen that one before. Couldn't really Google it, so couldn't. Nice. That's. Perhaps. It did at that time. It went. I refreshed it it did it. Oh, okay. Perfect. What did what does the screen say now? Uh, nothing. It's just showing me my signature. Okay. Perfect. Yeah. So the signature is there? It should be, I think on the top right hand corner, it says I continue, or there should be a blue button. Up next. Yeah, next. That's what it is. Okay. Click to initial. That's where we're going okay I. Know all right. So just put everywhere. I can get all these lovely initials in here. Okay. Got all the initials in. Almost done. Actually, by the Sacramento San Francisco earthquake. Okay, great. Okay. All right. Clicking the I agree thingy now. Perfect. All right. Thank you for submitting. That's what I got now. Oh awesome. It should be good. Let me just check make sure I got it. Awesome. Yep I did get it. Says we have that. So perfect. So you should get a copy to your email to um, to so you have your records. And then if you don't for some reason or they, you don't see the email, just let us know and we'll send it over to you and make sure you get it. Um, but awesome. So yeah, we're going to go ahead. We're going to get that right over to title. They're going to start the title process. Um, and then that that's pretty much it. So yeah, we're going to get the ball rolling on our end. And if you have any questions at all this is my direct number if you want to save it. And then um, I think you have JP's number two. Um but yeah. But yeah, either way you always be able to get Ahold of one of us if you have any questions at all. Okay. All right. Perfect. All right, Sarah, we look forward to doing business with you. Um, do you have any other questions for me right now? Uh, not right now. Okay, perfect. Well, if you think of anything I know, usually it's after you get off the phone when you think of them. But. Yeah, if you if you think of anything, um, just give us a holler and, uh, we'll make sure we keep you updated every step of the way. So you, you know what's going on. Okay. Perfect. All right, Sarah, I hope you have a great day. It was very nice talking to you. You too. You too. Bye. Bye bye. Let's fucking go! Got it. 

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