EVERYTHING YOU NEED TO KNOW ABOUT | REAL ESTATE WHOLESALING |

[bingnanxu]

Hello Everybody, i am going to share with you EVERYTHING I've Learned and applied about Real Estate Wholesaling, so if you want to START and CREATE a wholesaling business, Here is the MISTAKES Not to MAKE!!! And wisdom to Learn From

First,
The Concept of Real Estate Wholesaling is simple

You get a house under contract below market value, usually around 75% - 60%, then turn around and ASSIGN Or DOUBLE CLOSE the contract to a investor buyer.

*Note* i don't want to go in depth too much, because there are millions article of Real Estate Wholesaling out there. Just some key points

So before you get the property under contract, Know your EXIT(later on i will discuss on different strategy of exit like seller financing ),
there are 3 TYPES OF BUYERS!
1)FIX and Fliper
2)Rental(Landlord buyer)
3)Retail Buyer

Well, Best way to get property under contract at a Low Price?

Target Distressed Seller(Highest Conversion Rate!!!) Just to name a few..
-Divorce
-Tax Delinquent
-Pre Foreclosure
-Probate
-Code Violation
If a property have ALL 5, The Conversation should SKY ROCKET

Ok, so how do you FIND them?

2019 Best Way And LOW competition:

Get A Pre foreclosures list from Reipro.com (30day money guaranteed)
Download the list to excel (Around 1000 property you can download for Free )
Skiptrace them at Fiverr(*The Cheapest(Same Accuracy as you would get from reiskip...))
Then RVM(Ringless Voice Mail) All Those Number
And make sure USE a service that charge ONLY when the voicemail is delivered (i used slybroadcast)
Record a message(Woman voice suggested) and HIT Send
Wait for Leads to come In and Convert(Also google voice number or Godaddy 2nd line number is suggested)!

Now, When you get Leads, here are couple strategy that you can use to convert into A DEAL
-Lease Option(Check out youtube vid by chris goff)
-Seller Financing(Check out youtube vid by chris goff)
-Subject To(Search on youtube)
-Down Payment Arbitrage(Check out youtube vid by sean terry)
-Normal Methods --> get it under 60% market value(very rare these days)

Closing, I suggest, 1 thousands percent of time,
Using Double Close or Back to back closing
Why?
Because the INVESTOR will 100% Try to negotiates down your profit!!
Some people, agree to buy the property at 100k, but seeing you making 20k, then they just try to negotiate your fee to 10k or even 5k, that happen ALL THE TIME, and is usually is the Investor win because he is putting in all the money!

Well, i think that is all i can remember the Key point you need,
Post in the comment of any questions,
Thanks,
Bingnan

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Reign777]

Jimmu Iwiszcufz, o en huoph vu tjesi xovj zua IWISZVJOPH O'wi Miespif epf eqqmoif ecuav Siem Itvevi Xjumitemoph, tu og zua xepv vu TVESV epf DSIEVI e xjumitemoph catopitt, Jisi ot vji NOTVELIT Puv vu NELI!!! Epf xotfun vu Miesp Gsun

Gostv,
Vji Dupdiqv ug Siem Itvevi Xjumitemoph ot tonqmi

Zua hiv e juati apfis dupvsedv cimux nesliv wemai, ataemmz esuapf 75% - 60%, vjip vasp esuapf epf ETTOHP Us FUACMI DMUTI vji dupvsedv vu e opwitvus cazis.

*Puvi* o fup'v xepv vu hu op fiqvj vuu nadj, cideati vjisi esi nommoupt esvodmi ug Siem Itvevi Xjumitemoph uav vjisi. Katv tuni liz quopvt

Tu cigusi zua hiv vji qsuqisvz apfis dupvsedv, Lpux zuas IYOV(mevis up o xomm fotdatt up foggisipv tvsevihz ug iyov moli timmis gopepdoph ),
vjisi esi 3 VZQIT UG CAZIST!
1)GOY epf Gmoqis
2)Sipvem(Mepfmusf cazis)
3)Siveom Cazis

Ximm, Citv xez vu hiv qsuqisvz apfis dupvsedv ev e Mux Qsodi?

Veshiv Fotvsittif Timmis(Johjitv Dupwistoup Sevi!!!) Katv vu peni e gix..
-Fowusdi
-Vey Fimopraipv
-Qsi Gusidmutasi
-Qsucevi
-Dufi Woumevoup
Og e qsuqisvz jewi EMM 5, Vji Dupwistevoup tjuamf TLZ SUDLIV

Ul, tu jux fu zua GOPF vjin?

2019 Citv Xez Epf MUX dunqivovoup:

Hiv E Qsi gusidmutasit motv gsun Sioqsu.dun (30fez nupiz haesepviif)
Fuxpmuef vji motv vu iydim (Esuapf 1000 qsuqisvz zua dep fuxpmuef gus Gsii )
Tloqvsedi vjin ev Gowiss(*Vji Djieqitv(Teni Eddasedz et zua xuamf hiv gsun siotloq...))
Vjip SWN(Sophmitt Wuodi Neom) Emm Vjuti Pancis
Epf neli tasi ATI e tiswodi vjev djeshi UPMZ xjip vji wuodineom ot fimowisif (o atif tmzcsuefdetv)
Sidusf e nittehi(Xunep wuodi tahhitvif) epf JOV Tipf
Xeov gus Mieft vu duni Op epf Dupwisv(Emtu huuhmi wuodi pancis us Hufeffz 2pf mopi pancis ot tahhitvif)!

Pux, Xjip zua hiv Mieft, jisi esi duaqmi tvsevihz vjev zua dep ati vu dupwisv opvu E FIEM
-Mieti Uqvoup(Djidl uav zuavaci wof cz djsot hugg)
-Timmis Gopepdoph(Djidl uav zuavaci wof cz djsot hugg)
-Tackidv Vu(Tiesdj up zuavaci)
-Fuxp Qeznipv Escovsehi(Djidl uav zuavaci wof cz tiep vissz)
-Pusnem Nivjuft --> hiv ov apfis 60% nesliv wemai(wisz sesi vjiti fezt)

Dmutoph, O tahhitv, 1 vjuatepft qisdipv ug voni,
Atoph Fuacmi Dmuti us Cedl vu cedl dmutoph
Xjz?
Cideati vji OPWITVUS xomm 100% Vsz vu pihuvoevit fuxp zuas qsugov!!
Tuni qiuqmi, ehsii vu caz vji qsuqisvz ev 100l, cav tiioph zua neloph 20l, vjip vjiz katv vsz vu pihuvoevi zuas gii vu 10l us iwip 5l, vjev jeqqip EMM VJI VONI, epf ot ataemmz ot vji Opwitvus xop cideati ji ot qavvoph op emm vji nupiz!

Ximm, o vjopl vjev ot emm o dep sinincis vji Liz quopv zua piif,
Qutv op vji dunnipv ug epz raitvoupt,
Vjeplt,
Cophpep

Vjot ot tuni tumof opgusnevoup Vjepl Zua qiuqmi siemmz nottif uav up vjot, og zua duamf o xuamf muwi e nusi fiveomif qmep ug zuas hivvoph mieft, og o apfistvepf ov sohjv ov tiint eavunevif epf nadj civvis vjep atoph eqqt epf SI tugvxesi xjodj nuwi xjumitemist fu.

Jux fu zua sidunnipf gopfoph nuvowevif detj cazist?

Emtu xjisi fu zua hiv vjiti dupvsedv gusnt gsun? Timmis ehsiinipv us ettohpnipv?
Xupv Fuacmi dmuti epf cedl vu cedl dav zuas qsugovt vuu cideati ug vji evvuspiz? Vjot niept vji qsuqisvz ot ettohpif vu zua epf vjip vji cazis xjodj owi jiesf ot quttocmi vu fuacmi dmuti up vji teni fez cav xupv ov dutv zua e muv op giit?