Do You Need A LICENSE Or Any CERTIFICATION To WHOLESALE HOUSES?

Do You Need A LICENSE Or Any CERTIFICATION To WHOLESALE HOUSES?

From Data to Deals
Question: “Do You Need A LICENSE Or Any CERTIFICATION To WHOLESALE HOUSES?” No you don’t. For the most part, you don’t but if you remember earlier, I mentioned when I was answering a question about, How do you legally wholesale a house. Well, Wholesale is legal so the question is invalid, but let’s help you. So let’s talk about this, do you need a license or certification to wholesale houses? No. However if you are going to do more than one house, ...there may be states out there that will require you to get a license. That’s not a big deal. Why don’t you close your first deal first to find out? Close your “First Deal” and then you’ll know if you need it. After closing your first deal you’ll…
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Is It Possible To Flip Or Wholesale A COMMERCIAL PROPERTY?

Is It Possible To Flip Or Wholesale A COMMERCIAL PROPERTY?

From Data to Deals
Question: “Is It Possible To Flip Or Wholesale A COMMERCIAL PROPERTY?” Yes of course you can flip and/or wholesale a commercial property. What is a commercial property by the way, Commercial Property is basically a real estate property that is used for commercial reasons, …meaning they are used to make money. They are not used like a home where you are living and you live in.And they are also types of commercial property. Right now in my opinion, everyone’s house should be a commercial property. It should have a home office or a home studio, stuff like that that you actually make money from inside of your house. But, that’s not what we are talking about. We are talking about office buildings, strip malls, and maybe apartment complexes. Mixed-use property,…
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Can I Find Houses to Flip or Wholesale on Zillow?

Can I Find Houses to Flip or Wholesale on Zillow?

From Data to Deals
Question: “Can I Find Houses to Flip or Wholesale on Zillow?” Remember what I just said about things that feel like it’s easy? Well, obviously going to zillow.com and just looking at houses for sale, for sale by owners and calling them “seems easy” until you try it. But I agree with you and myself we don’t use the word easy because it's not relevant in entrepreneurship, in business and even in life. You are not gonna be like “tomorrow morning I wanna go to work but it’s not easy to wake up in the morning” it’s not relevant, you gotta go to work. It’s the same thing with business. With that being said, allow me to use the word EASY… Calling “for sale by owner” is gonna be one…
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Can A FIRE DAMAGED Property Be Flipped or Wholesaled?

Can A FIRE DAMAGED Property Be Flipped or Wholesaled?

From Data to Deals
Question: “Can a fire damaged property be flipped or wholesaled?” Yes… The answer is yes. What else would you want to flip than damaged properties… Keep in mind that people would say “why would somebody want to sell you a house at 60¢ in a dollar when they are not crazy?” You are right, they are not crazy, sometimes it is because the house needs work… sometimes it’s because it’s fire damaged. Though it is not guaranteed that every time a house is fire damaged, somebody is going to sell it to you at a discount. No, that’s not always true. So, Can a fire damaged property be flipped or wholesaled? For example I have somebody right now... for the past two months they have been debating back and forth…
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Why Do I Have To Sell My WHOLESALE Deal To A CASH BUYER?

Why Do I Have To Sell My WHOLESALE Deal To A CASH BUYER?

From Data to Deals
Question: “Why do I have to sell my wholesale deal to a cash buyer?” Basically we do teach that you should sell your wholesale deals to a cash buyer. Why? There are a couple of reasons, and there was one point that I kind of preach against that but things are changing up a little bit… And also, nothing is impossible in this game. It really comes down to the marketplace and what the market has to say. So, Why do you have to sell your wholesale deal to a cash buyer? You don’t have to, but depending on what kind of deal it is. I just finished talking about short sales, that’s one. Sometimes also you pick up a property… if you are savvy in this business you’ll pick…
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How Do You WHOLESALE A Deal With A MORTGAGE On The PROPERTY?

How Do You WHOLESALE A Deal With A MORTGAGE On The PROPERTY?

From Data to Deals
Question: “How do you wholesale a deal with a mortgage on the property?” That’s a good question actually. If there is a mortgage on the property you are about to wholesale, like most properties in America because this all housing market is built on mortgages, so most houses have mortgages on it... So most property you’re gonna wholesale will have mortgage on it. But I guess there are two ways to look at it. There's a mortgage that is too much, that the mortgage is bigger than what the property is worth. In that case, somebody has to pay that mortgage. Let’s say for example they owe $400,000 on the house. The property is only worth $250,000 because the market is bad for weird reasons that you may not understand.…
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Can You WHOLESALE With NO MONEY?

Can You WHOLESALE With NO MONEY?

From Data to Deals
Question: “Can you wholesale with no money?” This is the age old question but I don’t wanna assume that everyone knows what that person is coming from, but we market all the time… Flip houses no money down, no closing costs, no credit needed, no experience needed. Those things are actually very true. The same thing especially Wholesale is very true because with wholesale, some people say you’ve got to put money down at least $10, $20 or $100. I am telling you I have been doing this since 2005... and I have never put a dime down to lock up a property under contract. Now I know some people are gonna be ear hustlers and just say things like “but that’s illegal”, Dude! We close a deal with an…
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Who Pays Closing Costs In A WHOLESALE DEAL?

Who Pays Closing Costs In A WHOLESALE DEAL?

From Data to Deals
Question: “Who pays closing costs in a Wholesale deal?” It is completely optional. I had a friend call me the other day… he is buying a house and said, “Hey, I found this fee, is this normally real”. And I was like, “yeah there could be a fee for everything, this is America.” You could charge a fee just for listening to me, it’s called consultation. We charge a fee for anything and it’s absolutely legal to do that. Just keep that in the back of your mind that there could be a fee for everything. Closing Cost may come in all kinds of shapes and form when you are dealing with investment deals, they are usually cheaper … but when you are dealing with a house that somebody’s gonna…
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Can You Make Money WHOLESALING HOUSES?

Can You Make Money WHOLESALING HOUSES?

From Data to Deals
Question: “Can you make money Wholesaling Houses?” Let’s clear out a couple of things. More and more people are coming into the game and they will never make a dime. Why?... because of everything I just said, more and more people are coming into the game. When you have a lot of people coming and trying to play the same game, the majority of people may not make money. That’s just the way life works however, there is a part when you get into the game that there’s zero competition. If you just take that extra mile, there is zero competition. So let me just share a couple of those things with you. Marketing. The skills of marketing. Majority of people that are coming into the wholesaler game will not…
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Should I Buy a House From a WHOLESALER?

Should I Buy a House From a WHOLESALER?

From Data to Deals
Question: “Should I buy a house from a Wholesaler?” Maybe this question is not for you, maybe this question is for someone else who you may end up selling to later. Should I buy a house from a Wholesaler? Maybe you are an investor and you are looking to know if you should buy a house from a wholesaler. The real question that I will use to answer that, is… Why not? Now, there are quite a few “why nots”. Why shouldn't you buy a house from a wholesaler? But the first one is this: If there’s a daisy chain going on… what is a daisy chain? So this person locked up a property under contract and then they have a co-wholesaler, and then another co-wholesaler. Basically you looked through…
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