234 Judging by its track record and previous experiences of real estate investors, the chances of being successful and making profits are high. Real estate is a low risk investment that will mostly generate a positive cash flow. This is mainly the reason why investors enter the real estate market, because of its lower risks and lower costs. However, there is one branch of real estate that has been deemed high risk and requiring vast experience, real estate wholesaling. Personally, even though I’m a tech guy, I wouldn’t rely on email as a first contact about a property. Email can be horrible, unless someone is expecting it. I would try your phone a few times and if I couldn’t get you, I’d call my next buyer, no voicemail (except to say, “Hi, how are you doing?”.) Market Updates Mark Ferguson July 31, 2015 Passive Income M.D. July 20, 2017 at 9:04 pm RECENT ARTICLES All Articles Fun Resources Heather on September 6, 2012 2:56 pm Sooner House Buyers August 8, 2017 2 Mark | December 23, 2017 at 5:06 am MST While no investment of any type, or anything in life for that matter may be 200% risk free, reverse wholesaling is about as good as it gets. You’ve got a ready buyer, you’ve got the funds, you just plug in the property and you’re done. In, out, paid. You aren’t holding the property and expending money in hopes of a buyer. You don’t have to rely on new marketing, the market, or your DIY or contractor management skills, or tenants to make money. It’s already pre-sold. And if there is a hiccup with a buyer, you should have a dozen or more others lined up ready to take the deal. Sponsored Products are advertisements for products sold by merchants on Amazon.com. When you click on a Sponsored Product ad, you will be taken to an Amazon detail page where you can learn more about the product and purchase it. INstateREIA Annual State Conference Thanks for reading, you can find all the forms (contracts) via zip forms. Ask your broker or are you affiliated with an association like Phoenix Association of Realtors if so you have access to all the AAR documents. You do not have to be a Realtor in order to initiate a contract, this verbiage was used in the T&C section of the contract because its a legal requirement that licensees notify the public that you are licensed. 2. If you don’t have the capital you can find a company that specializes in “transactional funding“.  This means they will lend you the needed capital for a few days jutil you are able to close the deal with your buyer. Sooner House Buyers August 8, 2017 February 9, 2017 at 2:09 pm If a property needs extensive work, get several estimates from contractors you trust. Don’t forget to factor in the expenses you’ll incur while you’re holding the property, along with closing costs. Justin Pierce, a real estate investor who flips properties in the Washington, D.C., suburbs, says he starts by estimating the sale price of a fixed-up home. Once he comes up with that number, he subtracts buying and selling costs (typically 10% to 15%), a profit margin of 15% to 20%, and the cost of repairs. With those numbers in hand, he can determine how much he will offer. Subscribe See All Step 1: Determine the After Repair Value (ARV) I then promoted those areas and built investment teams consisting of an investment savvy agent, a property manager and contractor. The investor is then referred to that agent who locates properties that matches the investors criteria. The agents love it because they can focus on finding deals instead of having to find clients, and the investors love being able to make a direct connection to a qualified agent who knows how to calculate cap rate, ROI etc. Page 1 of 1Start OverPage 1 of 1 84.) Using Private Money – If you have friends, relatives, neighbors, or others who are looking for a better interest rate than the 1% or so they get from a bank CD or saving’s account, they may be interested in lending that money to you to finance your acquisition.  Generally, private money is based off the relationship more than anything, but still secured by the loan-to-value of the deal. This is one of the best ways to finance real estate, but use caution when there are personal relationships involved. Latest 71.) 20%-25% Down Conventional Investment Mortgage – This is the classic method for buying a real estate investment through a bank. Come up with 20-25% down payment and the bank will finance the rest. How to wholesale seller financed deals so you can have your cake and eat it, too. CASH UPFRONT AND CASH FLOW, THEREAFTER. Plus, as mentioned above, it isn’t a good and ethical business model. Regardless of past setbacks, you have the power to take control of your financial future! If you've been waiting for a sign, this is it! Best of luck, (Deadbeat Tenant Mike from Olympia- If you are reading this you still owe me!! I never forget! ) Enhanced Typesetting: Enabled May 16, 2014 at 1:14 pm May 16, 2014 at 1:14 pm Here's How You Can Follow Me everywhere to see how I'm building my businesses! 📞 Schedule A Call With Me - https://llcfreedom.com/calendar ----- 🔈 Listen To My Podcast - https://llcfreedom.com/podcast ------ Join My FB GROUP: https://llcfreedom.com/group Youtube: https://llcfreedom.com/youtube Welcome to the entrepreneur like you with business ...… One of the most sought after ways to buy real estate is through a short sale. Despite recent increases in real estate prices, you still might be able to jump on a good opportunity.   And now it’s easier to take advantage of this if you do find a diamond in the rough. New rules make it possible for owners to market their property as a short sale before they enter the foreclosure process. Until recently, homes could only be sold after they entered foreclosure This equals opportunity for investors. Ray Douglas on September 6, 2012 8:14 pm 30 Day Photography Challenge When you assign a contract, you are giving ALL your rights to the contract to the buyer. You are removing your name on the purchase agreement replacing it with your buyers. You’re out of the picture on the purchase agreement. Cedricklockett says: Keep up the great work! LOGIN Fax: 210-801-9661 Real Estate Market Cycles The MLS is the collection of all deals currently being sold by real estate agents. Although it can be difficult to find deals because of the competition, it is possible. Keep in mind, it can be difficult to wholesale a bank foreclosed home, but not impossible. The best part about wholesaling an MLS deal is the ability to still use a real estate agent to make it happen. For more on buying on the MLS, see “Five Tips to Get Great Deals On the MLS (Including Buying Houses on Friday…?).” Series 7 Exam Mark Ferguson January 18, 2016 What are the skills of a wholesaler? 69.) All Cash – If you have the cash, buying property with no mortgage attached can be a very stable and safe return on your money. While the returns may not be as great as when using leverage (like a mortgage), the security is often worth it for many investors.  Owning a property mortgage-free also enables you to sell on contract whenever you’d like. 4 Comments Finding good deals Title fees, if you paid them, to get a head start on the title search Great read. I have a seller that I am working with but I am also in the process of obtaining my Real estate salesperson license. Should I just wait until I am licensed probably within the next few weeks or should i make an offer to the seller? And that’s it. It’s less than 2 pages long. checkALL OUR REAL ESTATE TOOLS ARE INCLUDED ON ANY MEMBERSHIP! Style of property There are some good points and less desire able ones in the preceding posts. Want to learn more about real estate investing? Check out our Real Estate Investing section here. United States Fax: 210-801-9661 Noel Montoya on February 20, 2015 1:00 am Handyman Services One word AWESOME! Yeah, it is best not to pitch a quick sale, unless you are sure you can do it, like Michael Quarles who buys and retails (whole-tail). Actually, know your buyers and what they are looking for. It can make things go smoother. Mark Ferguson is a highly successful, active flipper, having flipped over 100 homes and is currently flipping multiple homes in today's hot market. 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