Richard on March 26, 2013 2:49 pm Awesome, thanks for leaving a comment Takeshia! I’m glad to hear this was helpful for you! 🙂 Hi Phil, Enjoy your videos. I find them most informative. Im sure you are familiar with Rich Dad investment seminars. I have attended several freebies and just finished one of their low priced 3 day intro programs on Real Estate investment. Im a Newby of about one year in this whole area of Real Estate but sure wish you folks had been around 20 years ago in public online like you are now. Money I dont have and Social Security dont cut it for income. lol As with any other business you need to plan your work and work your plan. For starters, there are many ways to make money with real estate. One of the most complicated tasks when starting out is knowing the legal ramifications of what should  be in the wholesale contract. This article will be a great foundation to start with. However, laws are different in each state, so the best advice in this article is to consult an attorney. Whole sale real estate is great way to make fast buck in Real Estate.You need to acquire the right price which is 30-95% below current market value. The money is all in acquiring it or putting in under contract with proper assignment clause. Wholesaling Real estate is NOT for everyone unless otherwise you belong to a great REI Club like Professional Real Estate Investors Club (PREIG) Canada. There is very interesting article you can read about Whole Sale Real Estate investments. Do not be greedy nor be fearful.You must take further education, training and mentor ship from a reputable Real Estate investment training center. My two cents! Hey Danny, Hi Preston, sorry for the hassle – thanks for letting me know about the issue. I just added you manually and emailed you some information on how to get the discount. Let me know if you need any more help! 5. Find a Buyer Angel Oak Companies (12) Print We’ve been doing that for over a decade too. Keep in mind that having that recorded Memo is what pissed off that seller who wanted to blow my head off with a shotgun. [i] 59 OS § 858-301 states, “It shall be unlawful for any person to act as a real estate licensee, or to hold himself or herself out as such, unless the person shall have been licensed to do so under the Oklahoma Real Estate License Code.” 59 OS § 858-102 (11) states, “‘Licensee’ shall include any person who performs any act, acts or transactions set out in the definition of a broker and licensed under the Oklahoma Real Estate License Code.” 59 OS § 858-102 (2) states, “The term ‘real estate broker’ shall include any person, partnership, association or corporation, foreign or domestic, who for a fee, commission or other valuable consideration, or who with the intention or expectation of receiving or collecting a fee, commission or other valuable consideration, lists, sells or offers to sell, buys or offers to buy, exchanges, rents or leases any real estate, or who negotiates or attempts to negotiate any such activity, or solicits listings of places for rent or lease, or solicits for prospective tenants, purchasers or sellers, or who advertises or holds himself out as engaged in such activities.” Negotiation (6) Test all features FREE for 14 days! Read for Free That may not sound like a lot of money but for doing a whole lot of nothing- it’s pretty amazing! That’s more than an 8% R.O.I. in less than 2 months… sure beats my <1% savings account!! I think a wholesaler’s best opportunity is to find off-market properties. Off-market properties are not listed for sale, but the owners want to sell. The owners may be too far away, too busy, or too beat down to list the homes with a real estate agent. The owners still want to sell the home, they just need the right person to find them and make them an offer. Here is a great article on how to find off-market properties. Great question. It’s one that I’ve answered very thoroughly in this post: http://www.flippingjunkie.com/2013/determining-the-value-of-a-house-when-flipping Forums Wholesale Fuel Sales & Supply Cooridinator Brandon Turner on September 3, 2012 9:14 am An Introduction to The Commitment of Traders Report The promise and pitfalls of accessory dwelling units as an #affordablehousing panacea: https://t.co/a03Qsus5zV https://t.co/p4AwB9X9Zl Portuguese Mr. Clothier is an expert in real estate investing. As such his experiences are not necessarily typical to the standard real estate investor and whose results may vary. The successes shared on this site are not considered typical. Most individuals who order the educational materials and systems probably do not follow any of the techniques or strategies and consequently make little to no money due to their inaction. The company is in the process of determining the typical success of its clients. Stories shared herein are for example purpose only and should not be construed as "guarantees" of success. Results will vary based on background, education, and experience and actions taken. As you can see, there are some clear benefits to contract assignment for big paid days. Did you know that the most famous real estate moguls got started in real estate by putting deals together with very little money or credit of their own? Their success was all based on having the right information, making the right connections, and implementing the right strategies. #151 in Kindle Store > Kindle eBooks > Business & Money > Real Estate > Investments Lawyers Tell us what contracts, forms or checklists you think would be helpful to real estate wholesalers and we'll add them to the list …not to mention, you have a signed purchase contract with that seller, so you may also have some recourse against them if they pulled the rug out from under you and went with another buyer behind your back. Section 8 A Positive Attitude and Goals (76) The Swami of Salami (wait...that sounded a lot better in my head), Help Us Add More Contracts, Forms and Checklists  Some wholesalers will never do a deal and others do hundreds of deals a year. The money a wholesaler makes on each deal varies greatly depending on the wholesaler and the property. Some wholesalers make $2,000 on each deal, others $5,000, and some more than $10,000 on each deal. I know multiple wholesalers who are doing more than five wholesale deals a month and averaging over $5,000 per deal. You can definitely make good money wholesaling, but to do many deals you have to spend money on marketing and have a great system. There will be many calls coming in from possible sellers and you have to be able to talk to those sellers quickly, determine if the price is right, get the home under contract, and find a buyer. Fixed Costs (how much the deal is going to cost the flipper, including holding costs and transaction costs on both sides of the deal) How Do Investors Make Money In Real Estate? This is what most of us want to hear. We get paid when the end buyer wires in the funds for the deal. This money will cover what you stated you were willing to buy the property from the seller for, as well as your fee for facilitating the transaction. As an example, if you told the seller you would buy the house for $45,000 and you then sold your interest in the property to the buyer for $50,000, then your assignment fee is $5,000. Very Good Book - Highly Recommended! TV personality, businessman, real estate investor, world class entrepreneur and author. distressed properties takes work. Oftentimes, knowledge about regional and local market areas coupled with the desire to perform footwork in specific neighborhoods can mean modest success for most. Making a lot of money or a living from "turning" a distressed property into gold seldom occurs. A motivated person who is versed in real estate finance, laws, history and trends can profit nicely from selling and/or marketing rehabilitated properties ethically and legally. Simplified Chinese What They Don’t Tell You About Wholesaling Houses from Motivated Sellers Sign in to LinkedIn Subscribe to the Mailing List Mail Forwarding 4M ago5:14 Because of that motivation, you’re going to be able to negotiate with them and put their house under contract at a significant discount from retail. Now it’s really important that you get it under contract at a big enough discount because it’s going to setup the rest of this transaction. Pair a profile with your post! LAW PLAN NZD/USD Copyright Infringement 3M ago41:52 Well said Robert,we all need positive energy. 7 Brilliant Ways to House Hack a Single-Family Home April 5, 2018 B News & Articles How to Select an Agent Im curious did you get an answer to this question cause it’s a very good one. driving_for_dollars_letter.docx If you like to meet new people, have a passion for real estate and have strong communication skills you may consider getting into real estate wholesaling. For most people, it is their first foray into real estate. This is the case because it does not require a real estate license or any educational requirements. Compared to other real estate fields, it also requires less of an initial financial investment. wholesale real estate seminar|free real estate wholesale ebook wholesale real estate seminar|how to wholesale properties step by step wholesale real estate seminar|jacksonville wholesale real estate
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