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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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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? I don’t like the phrase “Real Estate Wholesalers” But it’s real. I personally don’t like using it but it’s much more important for you to understand why I don’t like using it rather than being religious about that.  The reason why I don’t like using it is because everyone, their Moms and their Pops are wholesalers right now… Even if they’ve never closed a deal before in their life. And you wanna make sure you separate yourself from that crowd. Wholesalers are hustlers. I don’t teach people to be hustlers. Don’t get stuck with that terminology.  If you’re a hustler in most contexts, you’re not thinking strategies. You are not thinking... “this is a profession” and “I need to serve people”.  All…
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How Can I Legally WHOLESALE REAL ESTATE? 📍 From DATA to DEALS

How Can I Legally WHOLESALE REAL ESTATE? 📍 From DATA to DEALS

From Data to Deals
Question: “How can I legally wholesale real estate?” Before we talk about Real Estate Wholesale, what is Wholesale? Wholesale is a type of trade when goods and services exchange hands you basically have a trade in exchange for money so in this case it just happens to be real estate. So how could it possibly be illegal? That’s one thing but there’s also regulations. So anytime a business is very lucrative, you know… a whole house. If you are following my lead, you know that we don’t deal with houses any less than $100,000 worth. Trending: Virtual Wholesaling Step-by-Step in 2020 - myEmpirePRO We don’t market to them, we can deal but we don’t spend our money marketing to houses that are worth less than $100,000 …or neighborhoods that have…
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Value - $197
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