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The Art of the Deal: Nathan Payne's Path to Painless Flipping
Manage episode 409583180 series 3466300
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In this episode of the REsimpli podcast, host Sharad Mehta welcomes Nathan Payne, a seasoned real estate professional from Salt Lake City, Utah. Nathan shares his journey from having no real estate knowledge to mastering the art of wholesaling and creating a successful business model based on reverse wholesaling. Despite not always finding buyers first, Nathan has built strong relationships with buyers and provides them with deals, keeping his team small and overhead low for maximum profit retention.
Nathan's real estate venture began in May 2018, starting with door-to-door sales before transitioning into real estate with a college roommate. Initially juggling door-to-door sales and real estate, Nathan eventually focused solely on real estate, embracing the challenges and learning from experiences such as his first problematic deal.
Transitioning from traditional wholesaling, Nathan discusses his current approach, "painless flipping," which involves working closely with buyers to ensure deals are viable before proceeding. This method helps avoid the emotional and financial toll of canceling contracts and ensures deals are beneficial for all parties involved. Nathan's approach to real estate investment offers valuable insights for both novice and experienced investors seeking to optimize their deal flow and build sustainable, profitable businesses.
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