How to Wholesale Houses | Old School Wholesaling is DEAD!

How to Wholesale Houses | Old School Wholesaling is DEAD!

Real Estate, Real Estate Wholesaling
On this post, we'll talking about how to whole houses with no money.  I received a question about this topic and I want to answers it.  Here is the question? "How do you get it under contract with out buying the house don't I need money to get it under contract?" First of, let's review What is a wholesale house?  It's a house available to be acquired at less than it's fair market value.  The idea of "fair" goes out the window when  there is distress.  Fair would be to get rid of the distress at any cost. To wholesale a house means to secure an equitable interest in the house at a price lower than the after repair value of the house minus the cost of repair. It's a…
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Real Estate Wholesaling – How Does it Work and How to Make Money with it

Real Estate Wholesaling – How Does it Work and How to Make Money with it

Real Estate, Real Estate Wholesaling
Questions: In real estate wholesaling, what happens if you don't find a cash buyer within the time the contract is up, or if you don't find a buyer at all? This is a good question that most hoodoos would avoid of course.  But it's a valid questions that will become a challenge in wholesaling real estate for beginners. Before I answer the questions, I probably should summarize wholesaling real estate step by step into a quick one sentence.  First of, the main purpose is to make money. How does real estate wholesaling work?  It's all about buying real estate low and selling high for profit. These profit can range from $2,000 to $150,000.  My highest to date is $82,000 profit from one deal. As a wholesaler, your job is to…
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What is Wholesale Real Estate AND The [3 STEPS] Success Formula?

What is Wholesale Real Estate AND The [3 STEPS] Success Formula?

Real Estate, Real Estate Wholesaling
I want to break down Wholesale Real Estate business for you in 3 steps.  By the time you finish watching this video, you won't have to wait to close a deal to create cash flow. What is wholesale real estate?  Details Explained in Video It's a business model, a sector of real estate investing, that allows you to secure equitable interest in real properties at a discount typically at 65% of the market value or lower, then turn around and sell it to others for a profit.  That's a quick wholesaling real estate 101 for ya. There are tons of wholesale real estate books, websites and seminars out there and that has posed to become a challenge like anything in life.  It's not saturated if you are a master of…
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How much money do I need to buy a house in NJ (New Jersey)

How much money do I need to buy a house in NJ (New Jersey)

Real Estate
REAL ESTATE QUESTION OF THE WEEK HERE "Hey OLA.  I see conflicting info all over the place. I am seriously thinking about buying a home.  But I can't seem to find straight forward information on exactly how much I need to make it happen. Can you shed some light on this?  I don't want to get into this unless I know exactly what I am getting into in $$$ Thanks for your videos." How much money do I need to buy a house in NJ (New Jersey) - Debt Service Coverage Ratio - Downpayment - Closing Cost - Seller's Concession FREE REAL ESTATE CONSULTING ??? http://OLATux.com/realestate ABOUT YOUR HOST  ::::| Ola "Tux" Abitogun is the Creator of myEmpirePRO.  He became a FULL TIME entrepreneur in October 2006. He is a…
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How do you buy a foreclosed home in new jersey

How do you buy a foreclosed home in new jersey

Real Estate
"Hello OLA, I graduated from college about 8 and half years ago and I bought my first home within 2 years.  Not too long after that, I lost the home into foreclosure due to my carelessness. I've since worked on my finances and I am ready to buy a home the right way.  Hopefully you can help me.   Through my studies and research, especially with my experience in being a victim in a foreclosure, I am thinking that buying a foreclosed home for cheap won't be a bad idea. What do you think?  What are the up and downsides to buying a foreclosed home in new jersey and how do I go about it. Thanks much." - Sheriff Auction - Shortsales - REO ABOUT YOUR HOST  ::::| Ola "Tux"…
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What is the first step in buying a home?

What is the first step in buying a home?

Real Estate
"Wassup OLA, I've tried to read a lot on the internet because I feel I should stop renting all together.  I feel like I'm not getting anywhere so I decided to send this email to you. Frankly, I am confused and probably overloaded with too much information.  I'm just 2 breaths away from ignoring the idea of buying real estate. Is there a way you can break the process of buying a home down into 3 of fewer steps so I can understand before diving in. Thanks in advance." 1ST STEP - Call a Competent Agency Team & Get a Trusted Pre-Qualification Referral ABOUT YOUR HOST  ::::| Ola "Tux" Abitogun is the Creator of myEmpirePRO.  He became a FULL TIME entrepreneur in October 2006. He is a computer engineer and…
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