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10 Keys To Understanding & Finding Comps On Real Estate

10 Keys To Understanding & Finding Comps On Real Estate

Real Estate Wholesaling
In this lesson, you will discover my personal 10 main keys to finding comps for real estate you may have an interest in.   If you are wondering, comps is basically another word for comparable which is a word used to describe other comparable properties to a property of interest. For example, you are taking a look at a property to either purchase or flip.   The first step is to determine what the property is worth in today’s market. Sometimes we refer to that number as the after repair value (The ARV) or in the more mainstream market, fair market value. When I did my first property walk-through in 2004, I just wanted to be a landlord.  Thank goodness that didn’t work out because frankly, that would have been a disaster…
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Wholesaling Pre-Foreclosures📍 Equity, Debt Pay-Off & ARV Formula

Wholesaling Pre-Foreclosures📍 Equity, Debt Pay-Off & ARV Formula

Real Estate Wholesaling, Wholesale Real Estate, wholesaling real estate
In this lesson,  you will discover the formula and breakdown of the numbers involved in wholesaling pre-foreclosures from equity to debt pay-off with regards to the ARV formula. When I visited the first house I first took a look at in Belleville New Jersey sometime in 2004 or 2005, I had no idea what I was doing outside of the simple desire that I wanted to be a landlord. Thank goodness that it never went through.   Thanks to my friend who was supposed to be my partner who never came through. Shortly after that, I met Anthony by way of Bob at the... then GSREiA in New Jersey when I attended a workshop seminar by a pre-foreclosure wholesaling guru, Rich. Today, I’d like to pass that knowledge to you. After…
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Pre-Foreclosures List 📍 High vs Zero Equity

Pre-Foreclosures List 📍 High vs Zero Equity

Real Estate Wholesaling
In this lesson, I want to take a few minutes to dissect high equity, zero equity and even the underwater segment of the pre-foreclosures list and data. Pre-foreclosures list is a list of properties and property owners whose mortgage banks have filed a lis pendens which is an intention to foreclose on their property with the government. This lesson is important because in my camp, it has been an argument, which of the lists are best among so many options to go after with a marketing campaign. We are going to touch on… High EquityZero to Negative Equity (The Underwater)Which of the 2 Pre-Foreclosure Lists is Better?High Equity + Vacant ListHow to Get Free Access to PreForeclosure List My wholesaling career was launched back in 2005 with a pre-foreclosures list;…
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[2021 Update] Virtual Wholesaling Out-of-Town Real Estate Deals

[2021 Update] Virtual Wholesaling Out-of-Town Real Estate Deals

Real Estate Wholesaling
In this lesson, I will be sharing the newest updates about virtually wholesaling real estate of any location from any location. All you need is a laptop with a decent internet connection; that’s it! Virtual wholesaling became very popular since 2017; although it has existed long before that as Smart Real Estate Wholesaling. What is Smart Real Estate Wholesaling? It's a concept and a whole 200+ pages book that I wrote in 2018. It outlines the direction that wholesaling in real estate was going and everything I covered in that book is still true till today. Before I dive in with this story, here are some quick refreshers to bring you up to speed. What is Wholesaling in Real Estate? It is the art and science of... Finding deeply discounted…
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5 Stages of Wholesaling Pre-Foreclosures [The Definite Guide for 2021]

5 Stages of Wholesaling Pre-Foreclosures [The Definite Guide for 2021]

Real Estate Wholesaling, Wholesale Real Estate, Wholesaling Houses
Back in December 2005, my life changed forever because I closed my first deal in wholesaling pre-foreclosures. In one perspective, I want to think it happened all by mistake and I just got lucky. But in many ways, I did a few things right and I want to share them with you in this video. The only mistake was that I made $10,000 when it could have been easily $15,000 if I had a tad bit more negotiation skills. But I’m sure you would agree that $10,000 is okay considering that it was my first deal ever. And it was also the first time I would have such an amount of check deposited into my personal account. In this lesson, I will be updating you on the simple 5 stages…
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3 Steps of Making Offers & Locking in Profitable Real Estate Wholesaling Contracts📍

3 Steps of Making Offers & Locking in Profitable Real Estate Wholesaling Contracts📍

Real Estate Wholesaling
Not knowing these 3 steps is responsible for most rookies confusing "locking in a real estate wholesaling contracts" with deals. So the more you understand what I share in this lesson, the more your contracts correlate with actual deals that close. But keep in mind there are other factors still beyond the control of this mathematical calculation. So before you lock a property under contract, you have to determine the maximum allowable offer that will become the proposed purchase price offer on the real estate wholesaling contracts. In order to determine that magic number, we have to go through the 3 steps. Step 1 - Estimating Rehab Cost The idea of real estate wholesaling is to find deeply discounted properties first. Therefore that presents the question; "why would a homeowner…
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Do You Need A LICENSE For REAL ESTATE WHOLESALING?

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…
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How to Calculate After Repair Value 📍

How to Calculate After Repair Value 📍

Real Estate Wholesaling
To calculate the after repair value of a property, Simply find the average sales price per square footage of sold properties in the last one year within one mile radius of the subject property ...and multiply by its square footage. Shall we break that down? Have you ever wanted to have a detailed understanding of how to calculate the after repair value of a property? Or should I ask... Are you even clear on what the after repair value is... ...what is after repair value or the ARV for short? In this guide, I will break it down into its pieces and put it back together for you. That way... You too can claim full understanding of it when you meet another wholesaler or investor throwing the word around. In…
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7 Steps Definite GUIDE to Real Estate Wholesaling Step by Step📍

7 Steps Definite GUIDE to Real Estate Wholesaling Step by Step📍

Real Estate Wholesaling
Below in this lesson, you will discover real estate wholesaling step by step all the way to closing the deals. So all you need is to keep it this simple and deals should be closing left and right consistently. As you probably already know, the idea of real estate wholesaling is to create a system that: Finds deeply discounted properties, Securing equitable rights in then and Assigning them to willing and able buyers for BIG FEES Let’s get into it. STEP 1 - Collect Data into Your Real Estate Wholesaling Funnel So you need to generate leads but before that could happen, you will need to collect data of potentially distressed properties. Therefore collecting data needs to happen as fast and as efficient as humanly possible. Personally driving for dollars…
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4 Grave Mistakes REAL ESTATE WHOLESALERS Should NEVER Make📍

4 Grave Mistakes REAL ESTATE WHOLESALERS Should NEVER Make📍

Real Estate Wholesaling
One of the most commonly asked questions by many sellers I talk to is this, "what is a real estate wholesaler?" So a real estate wholesaler is a person who finds deeply discounted properties using marketing or prospecting... With the intention to get the house sold by Locking the property under contract and Assigning the equitable rights of the contract ...to an able and willing buyer, In exchange for a Real Estate Wholesaler Assignment Fee. My highest fee from one single deal is $82,000; many have made as much as $250,000 without touching or fixing the property. So real estate wholesaling is a real estate investing strategy that involves an investment of time and marketing skills. And more importantly, sellers are asking this question because people are calling and introducing…
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