Podcast Episode

How a Real Estate Wholesaler Built a Brand by Helping Sellers First | Dakota Bailey

Real Estate Pros Show - Powered By Investor Fuel

Oct 14, 202635 min

Who’s talking

3 speakers
Dakota Bailey26 min · 75%
Q Edmonds8 min · 24%
Speaker 231 sec · 1%

1Transcript170 turns · 35 min

DB
Dakota Bailey0:00

We don't try to always make the absolute maximum. Do we wanna make a profit? 100%. But sometimes we don't actually even make money, and that doesn't mean that we're not gonna do the deal. I see a lot of wholesalers, they're just like, "We're not making anything." They've already listed the property. They already got it under contract. They already found the end buyer. But then let's say a payoff comes up or something, they're like, "You know what?" Like, they don't even put the deal together because they're not gonna make anything. And it... for me personally, I see that as, like, an opportunity to help the buyer get a property that hopefully they're gonna make money on, the seller have a good experience with us, which is gonna help us in the long term.

Speaker 20:35

Welcome to The Real Estate Pros Show, where we interview real estate investing professionals from coast to coast, as well as the service providers that serve the real estate investing industry. Our goal is simple: share what's working now to help you improve and scale your business to the next level and meet the pros that can help you get there. Real Estate Pros is powered by Investor Fuel, America's leader in helping real estate investors and professionals build the business you need to live the life you've always dreamed of. Let's start today's show.

QE
Q Edmonds1:09

Hello, everyone. Welcome to the Real Estate Pros Podcast. I am your host, Q Edmonds, and I am excited today. I'm excited about my guest. We were talking a little bit, and the number one thing, 'cause I take a lot of notes if y'all know. Number one thing I got written down here, helping people. So he absolutely loves to help people. I love the way how he talked about building a brand in a healthy way. He is a founder, expert in sales. He's been through a flip model, focusing in on wholesale. I'd love to get more into that, but he knows exactly what he's doing. And you know what I love. I love when we get to peek and learn experience through the lenses of others. And so I'm so excited today that we get to learn from Mr. Dakota Bailey. Mr. Dakota, how you doing today, sir?

DB
Dakota Bailey1:59

Good, man. Thanks so much for having me, bro.

QE
Q Edmonds2:00

Oh, please.

DB
Dakota Bailey2:00

I'm excited to get into it.

QE
Q Edmonds2:02

My man. Well, listen, I'm glad you're excited. I'm glad you're here. I'm glad we get to do this. I'm gonna say this now, and I'll probably say it again. Thank you for your time, man. I think time is our most precious commodity. So sir, thank you. I value you for being here today. I love to dive right in. So I would love for you to tell the people what's your main focus these days. If you don't mind, give us a little origin story, kinda how you got into the spaces that you're in, and then tell them where you are in the world. People love to know where people are geographically. And so Dakota, my friend, you have the floor, sir.

DB
Dakota Bailey2:33

Let's go.

QE
Q Edmonds2:34

Yes, sir.

DB
Dakota Bailey2:34

All right. Yeah. So I'll just start off with the last question you asked first. In Fort Wayne, Indiana, so we're in the Midwest. And something that I w- did wanna point out too is a lot of people say help people, and they just use this very general term. And so, like, what does that actually mean? And I was describing it to you, Q, right before, but I think in

2Episode notes

Dakota Bailey, founder of LTD Property Group in Fort Wayne, Indiana, tells host Quentin Edmonds why his wholesaling business will close a deal even when it makes no money, and how that approach built his brand. He shares his path from a difficult childhood and car sales into real estate, the ego that crept in during the 2022 market and cost him on flips, and the step-by-step call script his acquisitions team uses, from asking a seller's name to getting a micro yes. He also talks about what changed after he became a millionaire at 27, and why he is now selling off rentals to run a 99% wholesale business.

Read the full episode notes: https://investorfuel.com/real-estate-pros-show/how-a-real-estate-wholesaler-built-a-brand-by-helping-sellers-first-dakota-bailey/

Chapters
00:00 Sometimes We Make Nothing
01:09 Introduction
02:33 Helping People Through Wholesaling
08:26 Lessons From Dakota's Journey
10:35 Entrepreneurship Exposes Who You Are
16:47 Building Better Real Estate Operations
17:14 Dakota's Wholesale Sales Process
22:20 What's Next for the Business?
22:42 Millionaire at 27, Then Everything Changed
25:43 Give 10X More Than You Ask
28:30 Building Relationships That Create Value
31:23 How to Connect With Dakota

Dakota Bailey on Instagram: https://www.instagram.com/dakotabailey.invstr/
Dakota Bailey on YouTube:

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