How Do I BEGIN FLIPPING HOUSES?

Question: “How do I begin flipping houses?” One of the most commonly asked questions is, “How do I get started?” “How do I begin?” “Where do I start from?” “How do I start from…?” That's why I created the 11DaysChallenge.com Why? Because there are tons of gurus selling $25,000, $5000, or $1,000 programs out there basically; talking head teaching you all the definitions there is to know about real estate. Even in the world of realtors, you experience the same thing, you go to the classes… You're just gonna learn real estate law, you're not gonna learn marketing. You can ask someone like Gary Keller. Gary Keller did a whole book on The Millionaire Real Estate Agents, you can find this very good book that will teach you the concept…

Do You Need A LICENSE For REAL ESTATE WHOLESALING?

From Data to Deals, Real Estate Wholesaling

Question: “Do you need a license for real estate wholesaling?” This question is timely because just last week, we found out that according to some other YouTube channel that Philadelphia is now requiring people to have some kind of license to wholesale. There are a couple of solutions around that. If you've been following me, "a state requiring a license to wholesale" would not have been an issue for you. First thing is that... ...if you need a license for real estate wholesaling, it depends on the state. PREVIOUS POST: What AGE Can You WHOLESALE REAL ESTATE? I know a few places where it's been regulated. So the first thing I want you to note is that if they're requiring a license, that means, “Hello, wholesaling is real estate investing…

At What AGE Can You Wholesale Real Estate?

From Data to Deals, Wholesale Real Estate

So there's are lots of new kids on the block... entrepreneurship that is. My children are actually some of them. Even my sons are getting into that stage where they are just a lot smarter than I was when I was their age. And that's just where we are as a generation. So we have a lot of new teenage entrepreneurs. Back in the days, they sold lemonade in front of the house, ...but these days these kids are learning a lot more. They want to know at 14 and 15, "can I start wholesaling real estate?" The answer is "yes" but there's some restrictions I should point out. PREVIOUS POST: How Wholesaling Real Estate Works? There are some things, not restrictions per se, to be aware of. When it's…

How Wholesaling Real Estate WORKS?

From Data to Deals, wholesaling real estate

Let's talk about how real estate wholesaling works. Wholesaling Real Estate is essentially a real estate investment strategy. A real estate investment strategy... but what is the meaning of wholesaling? Wholesaling essentially is when you buy goods and services at a bulk price from a source that's closer to the origination of the goods and services. When you do that, especially goods, you tend to be able to find it at a cheaper price. That creates room for you where you can have in-built equity, make some money and also, you can sell he rights to that equity. Let me break it down into a very simple layman language here. Wholesaling- let's say for example... in the farm market or wholesaling market. The wholesale market or farm market is a…

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…

How To Structure a Real Estate Wholesale Deal?

From Data to Deals, Real Estate Wholesale

Question: “How to structure a real estate wholesale deal?” With "how real estate wholesale works", you find deeply discounted properties by simply marketing to people that are in distressed situations. A distressed property is a property that needs a lot of repairs. And sometimes, 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 other possible reasons beyond just the house. 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 under contract. There are 5 stages in this process.…

HOW MUCH Do Real Estate Wholesalers MAKE A YEAR?

From Data to Deals

Real estate wholesaling is not a job, can we make that clear? Let’s just make that clear right now. This is about 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, people that are succeeding the most in this are people that target a million dollars a year. They just target the 7 figures because everything else is about building an empire. You have to be quite aggressive anywhere. Not necessarily with the people, but with yourself and your entrepreneurship skill set. And with regards to your marketing skill set. Some people want to learn everything now, and that's the wrong way to go about it.…

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…

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.…

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…

Category: From Data to Deals

How Do I BEGIN FLIPPING HOUSES?

Do You Need A LICENSE For REAL ESTATE WHOLESALING?

At What AGE Can You Wholesale Real Estate?

How Wholesaling Real Estate WORKS?

How To Wholesale Real Estate ONLINE?

How To Structure a Real Estate Wholesale Deal?

HOW MUCH Do Real Estate Wholesalers MAKE A YEAR?

Motivated Seller SCRIPT

How Much MONEY Can You Make WHOLESALING?

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

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