How Do You BECOME A REAL ESTATE WHOLESALER?

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…

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:…

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…

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…

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…

Can I Wholesale a PRE FORECLOSURE?

From Data to Deals

Question: “Can I Wholesale a PRE FORECLOSURE?” First of all what is a Pre Foreclosure for those of you that may not know. What is Foreclosure? Foreclosure is when a bank comes after a property that was basically signed into contract as a collateral for a mortgage loan before. It could be a mortgage loan, property taxes or a lien against a property, it could be a mechanical lien. Mechanical Lien is basically a lien that was put on the property by a contractor. Somebody finished worked on your house, you signed a contract with them and you couldn’t make the payment, ...they can slap a mechanical lien on your property and yes, in many states, they can legally foreclose on your property. But what we just have to pay…

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…

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,…

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?” This is one of those that feels easy as a strategy when you first learn about it. Obviously going to zillow.com and just looking at houses for sale by owners and calling them “seems easy” until you try it. But 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 of the most painful…

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…

Category: From Data to Deals

How Do You BECOME A REAL ESTATE WHOLESALER?

How Do I Start Wholesaling Real Estate?

What is the 70% RULE In House Flipping?

What Does BIRD DOGGING Mean In Real Estate?

Can You Really FLIP HOUSES with NO MONEY?

Can I Wholesale a PRE FORECLOSURE?

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

Is It Possible To Flip Or Wholesale A COMMERCIAL PROPERTY?

Can I Find Houses to Flip or Wholesale on Zillow?

Can A FIRE DAMAGED Property Be Flipped or Wholesaled?

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