August 30, 2024 • 11 mins
What happens when you blend the art of real estate wholesaling with the heart of human connection? Join us on this enlightening episode of the Freedom First Podcast, where I recount a heartfelt encounter with an elderly homeowner burdened by a deteriorating property. By weaving through his life's narrative and understanding his dire needs, I was able to offer a solution that lifted a significant weight off his shoulders. This story not only sheds light on the intricacies of real estate wholesaling but also emphasizes the importance of empathy, problem-solving, and the deep impact we can have on others' lives.
Shifting gears, we venture into the thrilling realm of entrepreneurship and lifestyle design. Imagine crafting a life where your personal growth and freedom take precedence. This episode dives into the possibilities that await those willing to embrace sales and marketing, promising transformative benefits and a more fulfilling lifestyle. Ready for a change? Tune in for insights and motivation that could be the catalyst for your journey toward a richer, more liberated existence. Thank you for being part of the Freedom First community, where we believe in empowering you to put your growth and freedom at the forefront.
Follow me on IG @_justinarrington
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:18):
Welcome to the Freedom First Podcast.
My name is Justin Arrington.
Thank you for tuning in totoday's episode.
This is episode number 37, andI appreciate everyone who's been
on this journey with me for thelast month or so.
It's truly been incredible toreceive the feedback that I have
and, and, as you guys know, mywhole purpose is just to provide
some sort of value so that youguys can continue on with your
(00:49):
personal development journey andstart living life on your own
terms and building that freelifestyle for yourself, for your
family and all of your lovedones.
So that's my whole purpose andI hope you guys get some sort of
value.
If you guys have not listenedto the previous 36 episodes, I
suggest you go back and, if youget any value, share those with
your friends, family.
Whoever you feel like wouldbenefit from it.
(01:11):
So, guys, today I have aspecial, special episode for you
.
This is going to be for theaction takers.
This is something that I havewanted to do for a while.
I have done it in the past.
It's been a couple years agothat I ever even put this out
(01:31):
there.
But, guys, I don't talk enoughabout what it is that I do, and
what I do is.
It is in the real estate game,it is sales, it is marketing,
but it's this little thingcalled wholesaling.
I wholesale real estate for aliving.
This is something that I havebeen doing now for the last five
(01:51):
years and it's a very uniquething.
Maybe some of you guys haveheard about it, but this is how
I put food on the table for myfamily, and it's an aspect of
real estate that I have reallyjust come to love Like.
There's so many cool things.
I've been able to meet so manyincredible people and I've been
(02:12):
able to help so many familiesover the last five years thanks
to wholesaling.
And so if you guys are notfamiliar with what wholesaling
is, let me just give you anexample.
So I will put out some form ofmarketing, whether it be, you
know, a paid advertisement or apost on social media, or maybe
(02:33):
it's a cold call.
I reach out to homeowners whomay be in distress.
You know whether they're behindon their payments, behind on
their taxes, you know, maybethey just have a complete fixer
upper that they can't afford toto fix up.
Maybe they inherited a house,maybe, you know, grandma passed
away and they did.
(02:53):
The family just doesn't knowwhat to do with the house, and
they, they just want toliquidate it because they don't
want to deal with the hassle of,you know, listing it with a
realtor and having it sit on themarket.
I mean, especially in today'smarket.
Today's market is is absolutelycrazy versus a couple of years
ago where you'd put something onand it would sell in two
minutes.
And that's just not the caseanymore.
And so, with a lot of thesepeople that I reach out to they,
(03:13):
they have some sort of stressin their life that is just a big
burden on on their shouldersand they want to get that burden
removed.
And so just put yourself intheir shoes for a minute.
Say you, you know you have ahouse where you know the roof's
leaking, the electrical is notup to date, you know you've had
maybe a rat infestation or whatI don't know.
(03:37):
Just just picture a disgustinghouse that honestly needs to be
gutted, rehab, put back togetherand turn into a beautiful home
once again.
Okay, my job is to target thesehomeowners and just simply
provide a solution to them thatmakes it a win-win situation for
everyone.
(03:57):
You know I I've dealt with umgosh, all all sorts of different
sellers Like one of the cooleststories that I had.
Like there was this guy thatand he had this house that him
and his wife lived in, theyraised all their kids in this
house and he moved away, shepassed away and this house was
just sitting vacant for yearsand years and years.
(04:17):
And I got a hold of him one dayand I was just like hey, I just
want to see, is there anychance you might consider
selling this place?
And he was just like you knowwhat?
Yeah, it's been vacant for Idon't know how many years.
I think it was like 10, 15years at this point and he's
like all it is is just a storageunit for me.
But I'm getting older, I needto go through some of this stuff
(04:38):
, my kids live out of state.
And anyway, I drove up to thehouse, met with him, talked to
him for a little while and Iremember we just sat on the
porch for gosh, I think an hour,and I was just asking him about
his life and like where, wherehe was from, like I can't
remember where, I think it waslike California or something.
Um, anyway, he went on to liketell me his whole life story
about um gosh, he, he, he wentto college to play baseball.
(05:02):
He ended up getting drafted by,I think it was the Dodgers, I
was the Dodgers or the Mets, Ican't remember who it was.
Um, anyway, he got drafted,went to spring training and he
slid into third base and justcompletely shattered his ankle,
and I mean, this was a long timeago, so they really didn't have
(05:22):
the ability to to reconstructhis ankle, to bring him back.
And so, you know, he, he, hisbaseball career was over, right.
And so, um, he went into themilitary, you know, came home.
The rest is history.
Him and his wife had kids.
They raised him in this house,and at this point the house was
just distorted, ugly and neededto be rehabbed, and he didn't
(05:43):
have the resources to fix it uphimself.
He was an old man, he was inhis late eighties, if I remember
right, and he just wanted to bedone.
And so what I did is I came inwith a solution to help this man
.
I told him I would buy theproperty I can't remember the
number, the exact numbers on it,um, but uh, I'll just give you
guys an example.
(06:03):
So say, this guy, he, uh, hewanted to sell the house and I
put it under contract for aprice of a hundred thousand
dollars.
I this is the amount that I wasgoing to give this man right.
And so what I'll do?
I'll put that house undercontract for $100,000.
And then, after that, I'll goand market my paper to buy this
(06:24):
property to a list of buyersthat I have, a list of other
investors that I know that I'vebeen able to build relationships
with, and I'll bring this houseto them and just say hey, I
have this property and I willessentially sell it to you for
$110,000.
And whatever that middle profitis, that's what I keep for
(06:47):
myself as either a finder's feeor an assignment fee, whatever
you want to call it.
We take both of those contractsto the title company and the
deal gets closed.
I get a check for $10,000.
The homeowner's happy becausehe didn't have to deal with the
hassle of fixing up the houseand he got a $100,000 check.
He can walk free and clear,doesn't have to worry about it.
(07:09):
And then I also provided aservice to the end buyer, who is
the person who is going to fixup the property, who is going to
, you know, make it lookbeautiful again, who's going to
list it, and then they'll make aprofit on on the backend there
as well.
And so all all that I really dois I, I'm the middleman, I'm
the one that's out theremarketing, I'm the one that's
out there, you know talking tohomeowners and you know
(07:32):
negotiating and just trying tofigure out win-win situations
for everybody, and so that'swholesaling in a nutshell.
I know that was kind of quickand there are a lot more
technical aspects of the gameright there, and if that's
something that you want tofurther chat about, I'd love to
have that conversation, but thatthat's not the whole purpose of
today's show conversation.
(07:56):
But that's not the wholepurpose of today's show.
I want to be able to help someof my listeners to do a real
estate transaction with me, andI've done this a handful of
times in the past and it alwaysseems to work fairly well.
But just know that this is nota get rich overnight, you know,
deal like there is going to besome work on your end and if
you're willing to listen, ifyou're willing to do what I tell
you, and you know you actuallywant to maybe make some extra
(08:19):
money, this is a good, fantasticopportunity for you to do so.
But I will tell you.
First off, this is going totake some diligence on your end.
It's going to require somediscipline, you're going to have
to be willing to learn some newskills and hopefully you know
we we make some money togetherand you can take those skills
and apply them into whatever itis that you want to do.
(08:41):
Um, but right now, if you guysgo to my Instagram or my
Facebook and you mentioned um,episode number 37.
Episode number 37.
And so if you just commentepisode 37 wholesale, dm me that
and we can schedule a time toget on the phone and talk about
(09:02):
doing a real estate dealtogether.
And, guys, I'm not kidding whenI say that some of these deals
really do have the potential tochange your life financially.
There's, there's been, dealswhere I have made significant
amounts of money and I'm notafraid to talk about it because
I've put in the work to learnhow to do this and to
(09:23):
effectively make money doing it.
And so, if this is somethingthat you guys are interested in,
if you, if you want to go outand make an extra five, 10, heck
, it may be $20,000.
Like, imagine what you could dowith an extra 20 grand for for
your family.
You know that could pay offcredit card debts that could pay
off, um, you know, cars thatcould allow you to, you know,
take the dream vacation.
(09:44):
If that's something that youguys want to do, all you have to
do right now is go into myInstagram, message me.
Episode number 37, wholesale.
Either of the two works fine,or you can just message me and
say I would love to wholesale ahouse with you.
That's all you need to do.
If that's something that you'reinterested in doing, shoot me
(10:05):
that message.
I'll schedule a time to get onthe phone with you.
We can chat a little bit abouthow that whole process works and
if it's something that we feellike would benefit both parties,
I will help you get your firstreal estate deal and hopefully,
we can all make, make some moneyand make win-win situations for
everybody.
So, guys, that's an opportunity,opportunity that I wanted to
(10:25):
come at you guys with today, um,to hopefully benefit some of my
listeners and, um, you know,maybe get them on the right path
or, or, uh, introduce them tothe world of, uh,
entrepreneurships and and salesand marketing and and the whole
shebang.
So, guys, if you're interested,go ahead and shoot me a DM.
As always, I look forward tochatting with you guys again
tomorrow.
Thank you for tuning in foranother episode.
(10:47):
Thanks guys.
This is Freedom First, thislifestyle design.
I know you see the work.
A personal growth coach, youfound it here.
It ain't no need to search this, the Freedom First podcast.
So just come and learn how tobuild a free life Living on your
own terms.
Welcome to the Freedom First Podcast.
My name is Justin Arrington.
Thank you for tuning in totoday's episode.
This is episode number 37, andI appreciate everyone who's been
on this journey with me for thelast month or so.
It's truly been incredible toreceive the feedback that I have
and, and, as you guys know, mywhole purpose is just to provide
some sort of value so that youguys can continue on with your
(00:49):
personal development journey andstart living life on your own
terms and building that freelifestyle for yourself, for your
family and all of your lovedones.
So that's my whole purpose andI hope you guys get some sort of
value.
If you guys have not listenedto the previous 36 episodes, I
suggest you go back and, if youget any value, share those with
your friends, family.
Whoever you feel like wouldbenefit from it.
(01:11):
So, guys, today I have aspecial, special episode for you
.
This is going to be for theaction takers.
This is something that I havewanted to do for a while.
I have done it in the past.
It's been a couple years agothat I ever even put this out
(01:31):
there.
But, guys, I don't talk enoughabout what it is that I do, and
what I do is.
It is in the real estate game,it is sales, it is marketing,
but it's this little thingcalled wholesaling.
I wholesale real estate for aliving.
This is something that I havebeen doing now for the last five
(01:51):
years and it's a very uniquething.
Maybe some of you guys haveheard about it, but this is how
I put food on the table for myfamily, and it's an aspect of
real estate that I have reallyjust come to love Like.
There's so many cool things.
I've been able to meet so manyincredible people and I've been
(02:12):
able to help so many familiesover the last five years thanks
to wholesaling.
And so if you guys are notfamiliar with what wholesaling
is, let me just give you anexample.
So I will put out some form ofmarketing, whether it be, you
know, a paid advertisement or apost on social media, or maybe
(02:33):
it's a cold call.
I reach out to homeowners whomay be in distress.
You know whether they're behindon their payments, behind on
their taxes, you know, maybethey just have a complete fixer
upper that they can't afford toto fix up.
Maybe they inherited a house,maybe, you know, grandma passed
away and they did.
(02:53):
The family just doesn't knowwhat to do with the house, and
they, they just want toliquidate it because they don't
want to deal with the hassle of,you know, listing it with a
realtor and having it sit on themarket.
I mean, especially in today'smarket.
Today's market is is absolutelycrazy versus a couple of years
ago where you'd put something onand it would sell in two
minutes.
And that's just not the caseanymore.
And so, with a lot of thesepeople that I reach out to they,
(03:13):
they have some sort of stressin their life that is just a big
burden on on their shouldersand they want to get that burden
removed.
And so just put yourself intheir shoes for a minute.
Say you, you know you have ahouse where you know the roof's
leaking, the electrical is notup to date, you know you've had
maybe a rat infestation or whatI don't know.
(03:37):
Just just picture a disgustinghouse that honestly needs to be
gutted, rehab, put back togetherand turn into a beautiful home
once again.
Okay, my job is to target thesehomeowners and just simply
provide a solution to them thatmakes it a win-win situation for
everyone.
(03:57):
You know I I've dealt with umgosh, all all sorts of different
sellers Like one of the cooleststories that I had.
Like there was this guy thatand he had this house that him
and his wife lived in, theyraised all their kids in this
house and he moved away, shepassed away and this house was
just sitting vacant for yearsand years and years.
(04:17):
And I got a hold of him one dayand I was just like hey, I just
want to see, is there anychance you might consider
selling this place?
And he was just like you knowwhat?
Yeah, it's been vacant for Idon't know how many years.
I think it was like 10, 15years at this point and he's
like all it is is just a storageunit for me.
But I'm getting older, I needto go through some of this stuff
(04:38):
, my kids live out of state.
And anyway, I drove up to thehouse, met with him, talked to
him for a little while and Iremember we just sat on the
porch for gosh, I think an hour,and I was just asking him about
his life and like where, wherehe was from, like I can't
remember where, I think it waslike California or something.
Um, anyway, he went on to liketell me his whole life story
about um gosh, he, he, he wentto college to play baseball.
(05:02):
He ended up getting drafted by,I think it was the Dodgers, I
was the Dodgers or the Mets, Ican't remember who it was.
Um, anyway, he got drafted,went to spring training and he
slid into third base and justcompletely shattered his ankle,
and I mean, this was a long timeago, so they really didn't have
(05:22):
the ability to to reconstructhis ankle, to bring him back.
And so, you know, he, he, hisbaseball career was over, right.
And so, um, he went into themilitary, you know, came home.
The rest is history.
Him and his wife had kids.
They raised him in this house,and at this point the house was
just distorted, ugly and neededto be rehabbed, and he didn't
(05:43):
have the resources to fix it uphimself.
He was an old man, he was inhis late eighties, if I remember
right, and he just wanted to bedone.
And so what I did is I came inwith a solution to help this man
.
I told him I would buy theproperty I can't remember the
number, the exact numbers on it,um, but uh, I'll just give you
guys an example.
(06:03):
So say, this guy, he, uh, hewanted to sell the house and I
put it under contract for aprice of a hundred thousand
dollars.
I this is the amount that I wasgoing to give this man right.
And so what I'll do?
I'll put that house undercontract for $100,000.
And then, after that, I'll goand market my paper to buy this
(06:24):
property to a list of buyersthat I have, a list of other
investors that I know that I'vebeen able to build relationships
with, and I'll bring this houseto them and just say hey, I
have this property and I willessentially sell it to you for
$110,000.
And whatever that middle profitis, that's what I keep for
(06:47):
myself as either a finder's feeor an assignment fee, whatever
you want to call it.
We take both of those contractsto the title company and the
deal gets closed.
I get a check for $10,000.
The homeowner's happy becausehe didn't have to deal with the
hassle of fixing up the houseand he got a $100,000 check.
He can walk free and clear,doesn't have to worry about it.
(07:09):
And then I also provided aservice to the end buyer, who is
the person who is going to fixup the property, who is going to
, you know, make it lookbeautiful again, who's going to
list it, and then they'll make aprofit on on the backend there
as well.
And so all all that I really dois I, I'm the middleman, I'm
the one that's out theremarketing, I'm the one that's
out there, you know talking tohomeowners and you know
(07:32):
negotiating and just trying tofigure out win-win situations
for everybody, and so that'swholesaling in a nutshell.
I know that was kind of quickand there are a lot more
technical aspects of the gameright there, and if that's
something that you want tofurther chat about, I'd love to
have that conversation, but thatthat's not the whole purpose of
today's show conversation.
(07:56):
But that's not the wholepurpose of today's show.
I want to be able to help someof my listeners to do a real
estate transaction with me, andI've done this a handful of
times in the past and it alwaysseems to work fairly well.
But just know that this is nota get rich overnight, you know,
deal like there is going to besome work on your end and if
you're willing to listen, ifyou're willing to do what I tell
you, and you know you actuallywant to maybe make some extra
(08:19):
money, this is a good, fantasticopportunity for you to do so.
But I will tell you.
First off, this is going totake some diligence on your end.
It's going to require somediscipline, you're going to have
to be willing to learn some newskills and hopefully you know
we we make some money togetherand you can take those skills
and apply them into whatever itis that you want to do.
(08:41):
Um, but right now, if you guysgo to my Instagram or my
Facebook and you mentioned um,episode number 37.
Episode number 37.
And so if you just commentepisode 37 wholesale, dm me that
and we can schedule a time toget on the phone and talk about
(09:02):
doing a real estate dealtogether.
And, guys, I'm not kidding whenI say that some of these deals
really do have the potential tochange your life financially.
There's, there's been, dealswhere I have made significant
amounts of money and I'm notafraid to talk about it because
I've put in the work to learnhow to do this and to
(09:23):
effectively make money doing it.
And so, if this is somethingthat you guys are interested in,
if you, if you want to go outand make an extra five, 10, heck
, it may be $20,000.
Like, imagine what you could dowith an extra 20 grand for for
your family.
You know that could pay offcredit card debts that could pay
off, um, you know, cars thatcould allow you to, you know,
take the dream vacation.
(09:44):
If that's something that youguys want to do, all you have to
do right now is go into myInstagram, message me.
Episode number 37, wholesale.
Either of the two works fine,or you can just message me and
say I would love to wholesale ahouse with you.
That's all you need to do.
If that's something that you'reinterested in doing, shoot me
(10:05):
that message.
I'll schedule a time to get onthe phone with you.
We can chat a little bit abouthow that whole process works and
if it's something that we feellike would benefit both parties,
I will help you get your firstreal estate deal and hopefully,
we can all make, make some moneyand make win-win situations for
everybody.
So, guys, that's an opportunity,opportunity that I wanted to
(10:25):
come at you guys with today, um,to hopefully benefit some of my
listeners and, um, you know,maybe get them on the right path
or, or, uh, introduce them tothe world of, uh,
entrepreneurships and and salesand marketing and and the whole
shebang.
So, guys, if you're interested,go ahead and shoot me a DM.
As always, I look forward tochatting with you guys again
tomorrow.
Thank you for tuning in foranother episode.
(10:47):
Thanks guys.
This is Freedom First, thislifestyle design.
I know you see the work.
A personal growth coach, youfound it here.
It ain't no need to search this, the Freedom First podcast.
So just come and learn how tobuild a free life Living on your
own terms.
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