• Ep 32: The 400-Day Deal: How Patience Closed the Impossible Deal

  • Oct 9 2024
  • Length: 9 mins
  • Podcast

Ep 32: The 400-Day Deal: How Patience Closed the Impossible Deal

  • Summary

  • In this episode of Properties to Profit, I dive into a real-life case study of a property deal that took much longer than expected to close. I’ll walk you through the twists and turns of a challenging transaction in St. Clairsville, Ohio, where patience and understanding played a key role. The seller needed time to emotionally and practically prepare to sell their family home of over 50 years, which came with some tough decisions, including auctioning off their personal items.

    Throughout this episode, I discuss the importance of doing what’s best for the seller, how a dedicated team helped keep the deal alive for over 400 days, and why having a strong support system is crucial to succeeding in real estate wholesaling. This story highlights that wholesaling isn’t always about fast deals but about building trust, offering flexibility, and staying ready when the seller is ready to move forward.

    Timeline Summary:

    [0:00] - Introduction [00:54] - Introducing the property deal in St. Clairsville, Ohio, and how it came to be a long-term play. [01:54] - The seller’s challenges: A daughter selling her 93-year-old mother’s house and delays due to family matters. [03:10] - Managing setbacks, like the seller’s need to auction off personal items before moving forward. [05:55] - The emotional side of selling a home after 50 years, and the importance of patience and empathy. [06:50] - How the team’s consistent follow-up and communication kept the deal alive. [07:27] - Wrapping up the deal and reflecting on the importance of teamwork in closing challenging transactions.

    Links & Resources:

    •Connect with me on Instagram: @RealEstateMike02

    Closing Remarks:

    Thank you for tuning into this episode! If you found it helpful, please subscribe, share, and leave a review. Stay connected with me on social media for more real estate insights. Keep turning properties into profits!

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