“I wrote it, and there is an entire chapter dedicated to wholesaling. It’s like this post you are reading… on crack.” Haha! For those who have yet to read ‘The Book on Investing in Real Estate with No (and Low) Money Down’, that statement is very true. Lots of good content and it does a great job of breaking everything down. Good work Brandon!
Donald Tepper, Real estate investor and Realtor licensed in Virginia.
Fixer Upper Dale Osborn on September 2, 2012 4:06 pm Jim gives all the paperwork over to the local Title company to process. In the end, Deborah gets her $50,000 price she asked for. Tom (the flipper) pays $55,000 for the house. And Jim, the wholesaler, keeps the $5,000 difference as his wholesale fee.
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Search Marcus Maloney on March 9, 2017 7:13 pm Focusing my money away from expensive coastal cities
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Blog Home›Editor’s Choice›The Ultimate Beginner’s Guide to Real Estate Wholesaling List Your Property-Fast Closing
January 21, 2014 at 3:56 PM Time commitment: High Passive Income M.D. July 20, 2017 at 9:02 pm All written content on this site is for information purposes only. Opinions expressed herein are solely those of AWM, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.
We are in the prime selling season in most markets. During this time, investors are normally busy trying to lock down as many properties as possible. In our market, Phoenix, we are seeing an influx of buyers looking for deals. I recently had a conversation with a group of investors looking to get their hands on almost anything that will generate a profit. It would seem that we have not learned from the previous market crash how the real estate climate can change in an instance. My philosophy is ride the storm and assign as many real estate deals as possible.
Regarding Fred’s comment, I’m not sure where a deposit comes into play…that’s a first I’ve heard of..
Exclusive right to sell listing: In this agreement, the agent gets paid no matter who sells the property, regardless of whether it’s the agent or the seller.
[Editor’s Note: This is a republished post from Passive Income MD (PIMD), the newest member of The White Coat Investor Network. The original post ran here, but if you missed it the first time, it’s new to you! There are a lot of fancy ways to invest in real estate but this post is all about how to get the best real estate returns when you are the direct owner of a property. Enjoy!]
Section 1101.758 Texas Occupations Code Episode 30: Investing Out of State Cody Sperber Associated Wholesale Grocers (14)
Many thanks for sharing with us. Media Relations 017: How to Make Money in Real Estate with Justin Williams FSBO Guide 101 Even though your buyers are lined up and waiting, and you’ve lined up plenty of capital from private lenders, you still need to find inventory that works. That will typically be some form of distressed property or a property being sold by a motivated seller. Build those lists, master connecting with them and negotiating, and you’ll have a complete, smooth cycle of profit making.
Download File January 31, 2014 at 3:56 pm Dave Van Horn, President, PPR The Note Co
One of the problems that wholesalers sometimes encounter is that the person they assign the contract to doesn’t close on the deal. If the wholesaler has collected his assignment fee up front, he may not care whether or not the deal closes. However, the wholesaler was the person who sat down with a motivated seller, someone with a problem and presented a solution for them. There may be no legal obligation to help the seller, but there may be a moral or ethical obligation for some people.
Mark Huffman says: The agent first helps the sellers to find out the right profitable price for the property to be sold, get it ready for sale and then list the property in MLS. The agent is responsible also for negotiating with the buyers to extract the best prices for the buyers and completes the transaction process. Here is how the listing agent readies a house for sale.
HouseFlippingHQ.com/yo – get a free gift for YoPro Nation! Gustav Eric Gottmann on May 17, 2017 11:46 am “This guy must live in this magical world where he finds these 100k homes that are worth 25k more from the get go, every. single. year. It takes me months to find, and buy a house that is below market value, or foreclosure, because I am not a cash buyer. I am consistently outbid by investors who are paying cash and can offer a faster closing. These homes that are priced below market are extremely competitive, especially in the 100k price range, and below. It literally took me 9 months to buy my first home.”
In the meantime, I am reading your material which has been very helpful and very informative. Phil, great vid. In addition to protect ourselves when we wholesale or do land development we record a memorandum of a purchase agreement that cost $75 to record or you could have sellers presign all docs before the closing and have a HUD that only lists sellers side, so sellers will not not how much u r making on the deal
Fun stories for Year six to one million dollars with rental properties But What if I Don’t Have the Money to Close With This Strategy? Where Great Wholesale Deals Come From KTranz Translations Limited
36-40% Series 65 Exam Call Center Representative – Sales Rep 3M ago41:52 Thanks Celest! Yes that is correct! I think the key is differentiating the actions that can harm you financially and the ones that you can take without any true risk. Then you educate yourself and minimize the parts which could have a risk, and learn how to keep that to a minimum. But the bottom line is that you can take a LOT of action in this or any business before you reach that point! Keep it going!
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3. wrote: Al G. on January 28, 2018 5:09 pm Lending: Enabled Fantastic article Seth! Thank you for writing this. Quick question regarding the letter to the Seller. You say we have 180 days to find a buyer? That seems like a long time for a seller to agree to tie up their home to you. Especially if they are needing to sell fast.
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