How To Wholesale Real Estate ONLINE?

How To Wholesale Real Estate ONLINE?

From Data to Deals, Wholesale Real Estate
Question: “How to wholesale real estate online?” In my opinion, "online" is the only way to do it. As a matter of fact, there's no such thing that's offline anymore. Everyone is on the Internet. Let's assume that you know how to do this the old school way. You know how to find real estate deals, you know how to locked deals up under contract, and flip the contract, …when it gets to the time that you have to liaise with the title companies to structure the deal and get it closed, All of these people are gonna be communicating with you for the most part by email. So there's no such thing as "offline". This is just a mindset shift that most people need to really speed up, get…
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How To STRUCTURE A Real Estate Wholesale DEAL?

How To STRUCTURE A Real Estate Wholesale DEAL?

From Data to Deals
Question: “How to structure a real estate wholesale deal?” With the topic, how real estate wholesale works, you understand that you find properties. You find deeply discounted properties by simply marketing at people that are in distressed situations. Either the property is distressed, meaning it needs a lot of repairs or the ownership is distressed. The ownership can't afford to hold onto the property, so they need to get rid of the property. There are many reasons beyond just the house that could be happening. Some people just sometimes bite much more than they can chew. There are marketing skills that you have to put in place to find these kinds of homeowners and properties. Now let's say you've successfully found a piece of property and you lock it up…
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HOW MUCH Do Real Estate Wholesalers MAKE A YEAR?

HOW MUCH Do Real Estate Wholesalers MAKE A YEAR?

From Data to Deals
Question: “How much do real estate wholesalers make a year?” This is not a job, can we keep that clean? Let’s just make that clear right now. This is building an empire. How much a wholesaler makes a year depends on so many factors. So there's no given number that everyone just makes a year. What I can tell you is that, there are people that are succeeding the most in this, there are people that target a million dollars a year. They just target the seven figures because everything below that will basically be like, this is about building an empire. You have to be quite aggressive. Not necessarily with the people, but with yourself with regards to your entrepreneurship skill set. With regards to marketing skill set, with…
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Motivated Seller SCRIPT

Motivated Seller SCRIPT

From Data to Deals
Question: “Motivated Seller SCRIPT” We covered this extensively, as a matter of fact, let me tell you, precisely where it’s at, …If you are part of our family here in the 11 Days Challenge, let me tell you exactly where it’s at, It's called the 11 Point Checklist and Property Analysis. This is essentially a spreadsheet that you wanna have in front of you. You can actually open it to your phone and ask people questions. You can write it down or you can print it out. And there are the questions you wanna ask any leads that's been generated, but I'm gonna give you an overview of it and what's in it, but not going into too much detail. Well it kind of gives you an idea of what…
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How Much MONEY Can You Make WHOLESALING?

How Much MONEY Can You Make WHOLESALING?

From Data to Deals
Question: “How Much MONEY Can You Make WHOLESALING?” That question is very generic and it’s always a weird question for me. What I can tell you is that the highest I've made from one deal is $82,000. My average is $25,000 per deal. I have made as low as zero on a deal before. The deal fell apart, it just didn't happen. Things happened and we found out they owe way too much money, And I've also closed another deal like that, that six months later, my partner said, “Hey, I got a $5000 check coming your way”. We were able to get a pay off on the deal we closed that we took on a promissory note back on the deal because we needed money to do the deal.…
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How Do You Find The CORRECT Owner’s NUMBER And EMAIL?

How Do You Find The CORRECT Owner’s NUMBER And EMAIL?

From Data to Deals
Question: “How Do You Find The CORRECT Owners NUMBER And EMAIL?” So how do you find the owner's record or contact information? That's a good question. First of all, it's called skip tracing and there are services everywhere. We'll cover that in our training but if you search for skip tracing online, If you search for skip tracing on Google there’s tons of services that will come up. Some of them will charge you. Actually, we had the service at one point, but we stopped, we discontinued it. It was at, like 7 cents, but you have to do a minimum of 300. But there are services for 15 cents per record, 20 cents per record. Basically what happens is that you upload a list of data, you upload it…
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How Do I Get A WHOLESALE CONTRACT?

How Do I Get A WHOLESALE CONTRACT?

From Data to Deals
Question: “How Do I Get A WHOLESALE CONTRACT?” All you have to do is Google that, there’s all kinds of options that come up but if you're going through our program here, …we do give you a copy when you get to that stage. Remember what I just told you about solving problems that don't exist, Like don't try to solve problem number four until you learn how to collect the right type of data. Generate contact, meaning somebody actually contacted you or you contacted a person and you know how to do that over and over consistently. Because there are 2 secrets in this game: (1) Simplicity and (2) Consistency. Keep it simple and be consistent, but keep it simple with what? If you're keeping it simple with things…
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Do I NEED Money To WHOLESALE?

Do I NEED Money To WHOLESALE?

From Data to Deals
Question: “Do I Need Money To Wholesale?” I think it's very important that we understand what wholesale is first. Wholesale is a real estate investing strategy. Wholesale traditionally is a type of trade. In trading you have wholesale and you have retail. Retail is essentially when you go to a regular market and you pay full price, the retail price of some kind of product. In real estate it’s the same thing. You go to an agent. Most of the houses that are listed on the MLS or Multiple Distance System with an agent, …most of those properties are listed at the retail price. But here's the problem with that, as an investor, if you're trying to invest in real estate, …there's nothing wrong with paying full price but you're…
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How Do You Bid On A FORECLOSURE AUCTION?

How Do You Bid On A FORECLOSURE AUCTION?

From Data to Deals
Question: “How Do You Bid On A FORECLOSURE AUCTION?” This is an interesting question. I'm gonna answer this question because I have the overall experience in real estate investing. How do you bid? The bid foreclosure is essentially when the lien order is about to take away a piece of property, …when you don't pay the payment that you promised in the contract of some shorts and some kind of promissory notes, you default on it, You haven't paid, an example of a promissory note is a Mortgage. Any kind of agreement for payments and you stopped paying, and then they can slap a lien on your property, …then they can attempt to legally foreclose on your property, which means to take away the property from you. After they take…
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What LICENSES Do You Need To Flip Houses?

What LICENSES Do You Need To Flip Houses?

From Data to Deals
Question: “What LICENSES Do You Need To Flip Houses?” All right, so licenses to flip houses? I don't know. You know, I get that question a lot. That's why you see me doing that but it's a legitimate question. It depends on where you are in the business. Maybe it sounds dumb for some, but it's not a dumb question, it’s actually legitimate question. What is Flipping Houses? It means you buy a house for lower, and you sell it for higher. Sometimes we do that using strategy, creative structuring, like wholesaling, …like subject tools and stuff like that but it's still buying and selling houses technically. All of that is flipped houses. In recent times they try to separate it, Flip houses means you actually do the work. But…
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