Wholesaling Houses Promo 3 - Colorado Real Estate Investing Training Video

http://www.localmentor.com Wholesaling Houses Training Seminar (preview) by Michael Jake, Colorado's Real Estate Investing Mentor. For more real estate investing training visit http://www.localmentor.com

Category:

Education

Tags:

• wholesaling houses
• wholesaling REO
• REO wholesaling
• Flipping Properties
• Michael Jake
• localmentor
• local mentor

[localmentor]

Buyer's List FIRST. Build relationships with your buyers and let them guide you to what THEY want and what they are willing to pay for it - then when you make offers on properties, you KNOW what your buyers will pay so you can structure a deal that you can sell to them.

Go to some Columbus REI meetings. Dave & Steve Zehala know their craft and can give you some guidance to the local area.

[missrosetejano]

@localmentor @localmentor how much of the asking price is considered to be significantly below market value? 30 to 40 per cent below market value

[localmentor]

@missrosetejano - I usually sell at 75% LESS rehab in my market. We're no where near as soft as some markets so keep that in mind. But as an example, $100,000 after repaired value*75% - 20,000 rehab = 55,000 price to my buyer, so I have to buy it more like 50% of ARV.

Every market is different, look at the distressed comps by size range in a target area and you'll see roughly what investors are regularly buying at. That will help you get an idea.

[6145304357]

I purchased steve cooks course and a well known wholesaler in my area of ohio found me threw my signs I put 8 houses under contract in a month and my mentor didnt find one buyer i eventually did a lease option on my own and put 230 bucks in my poket an recieved a 2,000 check up front I really would like to wholesale but cant find buyers even after i get the houses under contract at crazy low prices i mean 2,000 4,000 6,000 houses what can i do