What if I can't find a Buyer? Now what, Mr Smart A$$ - Flip and Wholesale Houses - The Flip Man

[dnosbig]

Excellent content

[Missymulli]

Your are so good I don't want to tell anyone about you, I want to keep you all to myself!! lol I'll be going to your website!!!!!

[JessiBabi93]

very informative...............!

[2208pire]

where you in "left for dead 2?"

[IBuyHousesNC]

Good stuff, Tyrone. I really enjoy your videos. Always very informative. Thanks for the course and I will be touching base with you soon.  I Buy Houses NC dot com

Bridgette

[stillwater65]

Good and useful information Tyronne. Thanks for sharing so much. I am buying your on line course and look forward to talking to you.

Khalil

New Jersey

[dporrasls3]

Tyrone you have a Great way of training !!! Keep Up the Great Work!!! Dave Porras in Madera, Ca.

[REI4sure]

Tyrone,

Oam new to your channel, However, I wanted to thank you for the information about'Non-Findinf a Buyer'. Iam working on a deal and have come across this very same problem. Now i know how to handle the situation.

robinson9689@att.net

[rahshawn7]

Hey ! Tyrone i like your style man however i am really doing this on info that i gatherd from different schools of thought. but if in the future i need your services, i will contact you for sure. Keep doing what you are doing , i appreciate the good info you are providing us less skilled in this area

[michaelvolk]

Thanks Tyrone. A concise answer to a direct question. Rare these days...

[GETole]

GREAT job!!

[CWatts1286]

I'm also a newbie, and i was just wondering if this method of real estate sales will allow me to get up tomorrow with no real estate license in Michigan, just knowledge & a hunger for success, & start making fliers or bandit signs and I can get a offer, then all i have to do is find a buyer, set contracts up & submit them, wait for closing, & then receive my assignment check for whatever amount. ( long story short ) - please say this is true....

[lexman909]

You are the man!

[MrsErich22]

GREAT info... THANK YOU SOOO MUCH!!! on BlogTalk... you and Randy (in Cin, Oh) were speaking of title companies costing approx $1000. is this an upfront fee or is it paid at closing? thanks again!!!

[ABUNZAWAVES]

please send me a note on the course. I need some hand holdin' - real estate cuddlin' knowledge - easy now. Just trying to get you laughing! :-D I enjoy your info. I get it- the way you say it. Do you build a sellers list first? Do you do everything with an attorney?

[kmransom52]

Good information as usual, I need to sign up for your course and get things moving.

[TeachMeFlipping]

make it happen

[TeachMeFlipping]

@kmransom52 Thanks, I hope they help

[lois813]

tyrone appears to be geuine

[TeachMeFlipping]

appears to be, uh? lol

[ravenTHEEgreat]

thank you Father Flip!!

[TeachMeFlipping]

lol

[nishabrown153]

happy new year...

was the lol for me... are there any special clauses i can put in the contract...

[TeachMeFlipping]

nah, it was for ravenTHEEgreat, the earnest money settles the deal if you don't close but item number 10 on my contract covers that

[nishabrown153]

I was told that theres a clause you can put in the contract so you will not be liable if you cannot sell the property in the allowed time.. Also what is the earnest money

[rhagel1]

Great content, as usual, Tyrone.

[TeachMeFlipping]

Thanks

[VeeHaywood]

very informative

[JazzyBrandz]

Great information, thanks!

[PeepMoeGame]

Could you please give us an idea of appox how many people you had on your "investors list" before you made an attempt at wholesaling your very first home?? Thanks!!!

[TeachMeFlipping]

Back then, zero, simply advertised it in the newspaper and took calls,

newspapers are not as effective as they use to be with craiglist and sites like that are free and far reaching

[PeepMoeGame]

Another great tip if you cannot find a buyer is to pass off the contract to another wholesaler and just collect a "bird dog" fee. typically 500.00 to 1500.00

[fanel57]

very simple to walk away from a deal and lose $ 10 escrow if you don't find a buyer. what if the seller want more money as consideration?

[TeachMeFlipping]

it's a judgment call,

make sure the title is clear

i really have to feel good about a deal to give more EM

[destinysbillions]

@TeachMeFlipping

Tyrone, thanks for all of the simple easy to understand information. I have dyslexia and sometimes hard for me to comprehend without a break down I can understand. God has truly blessed you to be a blessing to others. Thanks for the wonderful tips.

How do you insure a clear title?

What is included in closing cost?

On simultaneous closings do you pay twice?

[MutualThought]

Straight to the point. I like that. No beating around the bush. Great tangible information that can be used actively.

[TeachMeFlipping]

i try to cover everything that might happen but i don't know everything

[laihas]

GREAT INFO AS ALWAYS!!!!

[TeachMeFlipping]

thank you

[Natedoggnkt206]

Two questions:

How much % under appraised value does a property need to be before you would consider flipping/buying/investing in it?

What do you think about 3-2-1 buy downs for a quick sale.

[TeachMeFlipping]

Check out my video titled: "The Formula for Negotiating Price"

what does 3-2-1 buy downs mean

[kikikikopa]

Hey Tyrone...I like your style...No nonsense and to the point.

Do you ever keep some of your buys as long term investments for yourself?

[TeachMeFlipping]

i have tried to be a landlord and was terrible at it, total disaster for me

thanks for watching

[lilyfrmla2]

Great tip, I was a lil skeptic re: the end buyer also.

[vcredle]

Thanks for all the advice again!!! How many hours do you spend in your business, I should say on your business? Last question for the night, if you go probate court to find deals what exactly do you look under?

[TeachMeFlipping]

Wow, good question... One thing I'm not is organized but just to guess, ummm - maybe 20 hours per week and that's 7 days per week. On probate, I've never tried to find deals via probate, of course you know what i always say I LET THE DEALS FIND ME... just the way i do it

[vcredle]

How many people do you have on your buyers list and what is your typical LTV range? I know different investors have different LTV cuts off, some up to 80%. Obviously. as low as possible, but how high do you go?

[HarrisREI]

Out of all the investors giving advice on Youtube, you are the best man. You don't bs people and you tell it like it is. I talked to you about a week ago(Brian from NY), and I was actually surprised you spent the time on the phone with me man. Meant a lot. Thanks.

I've struggled the past few months trying to find buyers. I sent out direct mail, advertised on craigslist, even contacted investors who have just renovated a house. No one has responded back yet, but I'm going to keep trying.

[TeachMeFlipping]

Did you have a deal that you were offering to these investors?  If so, the deal may not have been attractive enough and also you wanna target buyers that have recently bought in that area. Real Quest will create that list for you.

[HarrisREI]

No I haven't even marketed yet to find deals yet. I was always told I had to build a buyer's list first, but since I've been having a poor response rate so far, I may do one of two things.

1. Change my targeted location.. Perhaps a different city.

2. Just start marketing for deals, and if I find a deal then I'll put an ad in the paper. That ad may generate a few calls as long as the deal is good enough.

I don't have a RQ account. I'm interested to learn more about the search you mentioned.

[TeachMeFlipping]

Yes, wait until you find a DEAL and promote the deal to investors that have bought in that zip code and have purchased in the last 90 days. RQ will generate that list for you. Investors will listen or pay attention if you have a "smoking" deal that will make them money, compared to a letter saying I MAY HAVE A DEAL IN THE FUTURE. Just my 2 cents

[qvxmkt]

five all the way! i just need to get past the fear, i know- FALSE EVIDENCE THAT APPEARS REAL- I AM NOT PHYSICALLY AFRAID, IT'S ABOUT THE FEAR OF FAILURE.

[TeachMeFlipping]

Just think of it as you're driving with a TOM-TOM GPS system and I'm your driver which means we will get where we want to go

A very simple biz, very simple

[247cashgenerator]

I appreciate your no nonsense explanation. Did you have a buyers list before you put your first wholesale deal under contract?

[TeachMeFlipping]

No, I allowed the deals to build my buyers list. Once you start marketing the property, several vestors will call but you can only wholesale it to ONE VESTOR but the others that call you collect their info for future deals. Such as:

* contact info

* how many do they buy per year

* how fast can they close

* what areas

* etc

[lilyfrmla2]

Great Video Tyrone, Cant wait to get my first deal going! 5stars. :)

[TeachMeFlipping]

thanks, you won't ever forget that first one

[kseveneducate]

I also can't wait to get started

Your videos are very helpful

[TeachMeFlipping]

thank you, thank you, thank you

[COPES122]

I can't wait till I get my tax return I am going to be calling you for your 1on1 mentoring for the 3 day training

Kemberly

Navarre, Florida

[TeachMeFlipping]

Kemerly, I look forward to working with you and I hope the videos and my site audios are helpful

[dfwinvestor]

Thanks for the info... keep the videos coming! Maybe you could do one on how you "assign" or "double close" a wholesale deal to a buyer, with a some contract language info..... Do you set up land trusts or an LLC for each property, or just use your name? (just a thought)

[TeachMeFlipping]

I will at some point and I always assign, ALWAYS... I would advise anyone starting out to setup an LLC but don't let that prevent you from doing deals... For the first 3 years I just did deals in my name but of course, I'm a renegade sometimes.

[dfwinvestor]

Makes sense, so how do you determine how long to make the contract last for? Is that somehting that you decide depending on how long it takes your end buyers to close?

[TeachMeFlipping]

Normally, just 30 days

Your buyers should never take longer than 14 days and that includes weekends. That let's you know if you're dealing with a tire kicker or not.

[dfwinvestor]

Do you use any escape clauses in your purchase agreement like "contingent upon partner's approval"?

[TeachMeFlipping]

Don't need any escape clauses because if my time expires and the seller doesn't want to give me anymore time then they keep my $10 earnest money check and move on to the next deal.

[sevenfights]

hey thanks, im trying to get started in Atlanta man, you are a great help

[TeachMeFlipping]

this is a great business, hard to find a biz where you're in the BLACK on your first deal

[reycake]

Great info as usual dude...keep it coming.

[TeachMeFlipping]

Appreciate it