Real Estate Investing Training Video Wholesale Deal Part 1
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Great Video. Where is part 2?
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where there's ugly there's opportunity, I love that!
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Fab videos... thanks for taking the time to share them!
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@20HDavid I think if you want realtors to quit bringing you leads and opportunities ask them to cut their commission. If you want more deals than you can handle, pay them what they are due. You don't save money if you don't have someone bringing you deals. If you want them to acutally SELL a house for you, AGAIN, don't chisel agents out of commissions, pay them what they are worth and the right agents will work for and make your life easier.
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I think when it comes to real estate the best way to save is through saving on realtors commission and i find that this webste helps most
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Fantastic stuff. I've enjoyed your videos and can't wait for more :)
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Yes, but...if you would have taken the time to fix this property you would have made much more money! I did one for $185, put in $22 and sold it for $298! More money made less agents to work with!
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My dad is a real estate investor and we own a condo in the One Museum Park tower in Chicago, a condo in the Trump Tower in Chicago, and a condo at 325 Fifth in New York City. He makes about $12,000 a month for the rent his tenants.
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I need a mentor in Vegas. Or, if you have somewhere for me to stay I could move to Colorado I guess.
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This is a lot tougher in hot markets. Very difficult to get a discount deal, and those damn real estate agents don't make it any easier.
leafyutube 5 months ago in playlist Real Estate
@leafyutube - I've wholesaled in flat, sideways and down markets - you can make it work - have to look at the spreads between wholesale and retail buy just below the majority of wholesale and flip at wholesale. The % you can get of retail changes but not the ability to "wholesale".
One of the biggest mistakes I made was not building strong realtor relationships earlier on. Realtors are worth their weight in gold if you build a strong relationship with the right ones.
localmentor 5 months ago
@localmentor
Thanks for your thoughts. If I could also ask, what's the best strategy to get a discount deal from an agent? Do you just make a low offer and then explain why it's so low? That's my understanding from your video. You've actually inspired me to give it a try.
leafyutube 5 months ago
@leafyutube - a lot of the deals I write on are at or around the listing price. You need to know what a "fixed up" version of a house similar is worth to back into what a good deal is for one. Today I got a contract on a listed house - listed at 65k, I got it for 61k - the After Repaired Value is 180k. That's a deal without knocking 30% off listing - that's where a lot of beginners make mistakes (me too when I started). Know ARV and work backwards. Takes some time to get good but worth it.
localmentor 5 months ago
I am new to this and have a couple of questions if that is ok. I noticed a comment that said you could do wholesale deals using no money by assigning the contract or through a double closing. Wouldn't you still need downpayment money at least in a double closing? Also when assigning a contract how do you stop the buyer from bypassing you and going straight to the seller? Thanks in advance for your response and for your video. Very enlightening.
GrantHeathcote 8 months ago
@GrantHeathcote when assigning you'll never need down payment money. When double closing (depending on the type of deal and who's selling) you may need flash cash (REO's possibly but other ways around that - see my video on flipping REO's). I've never had anyone try to go around me - usually my buyer doesn't know how to contact my seller and if it's a listed property agents are too scared about getting sued to try to go around a signed contract. can also record a doc to protect your interest
localmentor 7 months ago