How Do You STRUCTURE A Wholesale Real Estate?

How Do You STRUCTURE A Wholesale Real Estate?

From Data to Deals
Question: “How Do You STRUCTURE A Wholesale Real Estate?” You approach a homeowner or better yet, it's actually better when they approach you because the conversation is different. That's why I only teach attraction marketing in all of this. Anything that involves you proactively reaching out to homeowners that I haven't said they want to sell, …or haven't shown that they want to sell at any point, anything like that, I shy away from it because it's not worth my time. Based on the fact that I know better things to do with my time like attracting them, like setting up ads. Like setting up Facebook and Instagram ads that actually attract them to me. Now, once you set all that up, Once you get through the four stages shown…
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Do You NEED A LLC To Wholesale Real Estate?

Do You NEED A LLC To Wholesale Real Estate?

From Data to Deals
Question: “Do You NEED A LLC To Wholesale Real Estate?” No, of course not. Of course you don't need a LLC to wholesale real estate. You don't need LLC to buy candy or to sell candy, you don't need LLC to trade. It's just advisable at some point. Once you start doing deals that you have the proper corporate structure based on your state and in your particular peculiar situation, …to make sure you have those things in place so that you're protected from unnecessary liabilities, that's all it's for. LLC has never been a requirement to wholesale deals. It has been only useful for you to protect yourself from liabilities when it comes down to just running the business. Nothing particular about wholesale just running a business in general.…
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How Do Real Estate Wholesalers GET PAID?

How Do Real Estate Wholesalers GET PAID?

From Data to Deals
Question: “How Do Real Estate Wholesalers GET PAID?” Real Estate Wholesalers get paid when deals close. As you can see in the diagram below, Deal is on number 5 and that’s when real estate wholesalers get paid, Traditionally. Traditionally, that’s how wholesalers get paid. When somebody actually brings some money to the table as a buyer who actually pays for the deal, …and then on that same transaction, they pay you a fee for finding the deal. That’s how you get paid. But with the evolution of everything like technology, learning how the game works, ...learning marketing, learning how equity works in real life. See, some people actually wait until there is equity in an actual property but the truth is that. In the way that I will teach you,…
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Is Wholesale Real Estate Easy?

Is Wholesale Real Estate Easy?

From Data to Deals
Here is my opinion about anything that is worthwhile in life, …we are talking about good relationships, good business, we are talking about life, wealth, also good health right? Having good health, is it easy to eat healthy everyday? Of course that’s not easy. It’s not a matter of if it’s easy or not, it’s not relevant. Easy, hard, difficult… Those kinds of words are not relevant to anything that’s worthwhile. So the real question is, is it worthwhile? Which is the previous question that we answered. Is it worthwhile for you, it’s personal. I don’t think easy is relevant when it comes to business. I think people that end up looking for easy all over the place, they eventually just stay broke. In fact some of them can close…
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Is Real Estate Wholesaling WORTH IT?

Is Real Estate Wholesaling WORTH IT?

From Data to Deals
Question: “Is Real Estate Wholesaling WORTH IT?” The process I showed you, this 5 steps right here: It looks excruciating but not really, it’s actually simple.It’s just like anything you do in life. Like if you get hired into a job, they give you a job description, …and the majority of the job description out there is a lot more complicated than what I just showed you above. They just send you through training, they’ll say this is what you are gonna be doing daily, …and then you’re gonna make a few mistakes here and there. Then eventually the more mistakes you make the better you become at the processes and learning how to successfully collect the check every Friday. There’s nothing really different here. It’s the same thing, except…
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How Do You BECOME A REAL ESTATE WHOLESALER?

How Do You BECOME A REAL ESTATE WHOLESALER?

From Data to Deals
Question: “How Do You BECOME A REAL ESTATE WHOLESALER?” Well, I wrote the bible on real estate wholesaling, it’s called “Smart Real Estate Wholesaling” which you can download. First of all, what is wholesaling? Wholesaling is the art and science of finding deeply discounted real estate properties, then locking it under contract and flipping the contract. So the piece of paper that you lock in a price, a specific price point that’s going to basically create a profit for an investor. Then you just find an investor who will pay for that property but they also pay you a fee for finding the deal. That’s the key thing, that’s the most important part about the whole game of wholesaling. So, How do you become a real estate wholesaler? Honestly, it’s…
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How Do I Start Wholesaling Real Estate?

How Do I Start Wholesaling Real Estate?

From Data to Deals
Question: “How Do I Start Wholesaling Real Estate?” It’s a good question. Wholesaling means you lock up properties under contract at a price that’s less than what it’s worth in today’s market, For the purpose of assigning the contract to an end buyer. You can make a lot of money doing that but I teach Smart Real Estate Wholesaling here. Meaning, I am doing everything from my laptop from home, …so you can do more and be more productive and not be at the mercies of everyone joining the business just to “call”. You want to build a real business behind this. So, How Do I Start Wholesaling Real Estate? Honestly it starts with Market Research. There’s these 5 stages of the process that you need to master. PREVIOUS POST:…
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What is the 70% RULE In House Flipping?

What is the 70% RULE In House Flipping?

From Data to Deals
Question: “What is the 70% RULE In House Flipping?” You want to go to a free tool that I put together for you all, it’s called DealEstimator.com, It will forward you to the tool on our website MyEmpirePro.com. What is ARV? It means After Repair Value. If you are asking the question What is the 70% rule in house flipping? It simply means that your cost of the acquisition of the property cannot be more than 70%. It’s not 70% everywhere in the world, in some locations it’s 65% meaning all the investors in that area on an average, …they suggest that your cost of acquisition and the cost of repairing the property all together can not be more than 70%. Why? Because that’s why you’re in business, you wanna…
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What Does BIRD DOGGING Mean In Real Estate?

What Does BIRD DOGGING Mean In Real Estate?

From Data to Deals
Question: “What Does BIRD DOGGING Mean In Real Estate” When I first joined real estate back in the days, 2005 to be precise, was when I went crazy on real estate. I bought my first big course at $3,000 in December 2004 and I think I went crazy in the summer of 2005. Then I closed my first deal in December 2005. At that time, I bought another course for like $300 from a guy named Richard Douglas. That book or whatever that course materials were, there were like 2 books, he mentioned Bird Dogging as a type of real estate investing. He mentioned Wholesaling as a type of real estate investing, …short sale as another type and then he mentioned fix and flipping as another type. But once I…
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Can You Really FLIP HOUSES with NO MONEY?

Can You Really FLIP HOUSES with NO MONEY?

From Data to Deals
Question: “Can You Really FLIP HOUSES with NO MONEY?” Let’s focus on “Really” because that person obviously is asking this question, …have seen maybe, in different places that says “hey you can flip houses with no money down”. Not necessarily no money but it’s more like, none of your personal money. It’s simply none of your personal money that has to be involved in the transaction. This is true with everything else in life, it's not just real estate. I think people get wrapped around the whole idea of “this is real estate, obviously it takes money, downpayment, closing cost to buy real estate”. They’re actually right. The only thing that’s not true about that statement is, it doesn’t have to be your money. There are people that are able…
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