Pre Foreclosure Listing: What You MUST Know

Pre-Foreclosure, Real Estate Wholesaling

If you are interested in pre-foreclosure listings, then here are some things that you must know. It's no secret that the world is going through tough times. Money is hard to come by, and it doesn't seem like things are getting any better. For some people, this means their homes will be foreclosed on because they can't make monthly payments. The last thing you want to happen to your family is for someone else or some random bank to take over your house. Never mind that you borrowed money from them in the first place; right? Pre-foreclosure listing is the prelude to the foreclosure and auction of a property. It usually lasts for about 3-18 months depending on what state and if the state foreclosure process is judicial. And it's…

5 Tips To Finding Pre-Foreclosure on Zillow 📍

In this lesson, you will discover some really cool tips about pre-foreclosure on Zillow, using it to find a home, and even better, how to make serious money with it even if you have no money. What is Pre-Foreclosure? The term pre-foreclosure refers to property that is in the process of being foreclosed on. It can also mean property that is considered to be at risk of foreclosure. Foreclosure occurs when the homeowner defaults on the mortgage payments. Now and then, homeowners are unable to make their mortgage payments for a variety of reasons, such as unemployment or illness. They may have fallen behind on their payments due to unforeseen circumstances, but they are committed to making up for it after things turn around. It can be difficult to find…

How To Buy A Home in PreForeclosure 📍

Pre-Foreclosure, Real Estate Wholesaling, wholesaling real estate

In this lesson, you will discover how to buy a home in preforeclosure, make a fortune doing it and even if you don’t have any money for capital. What is PreForeclosure and Why Should You Care? Preforeclosure are homes that have made it to a list of homes that are in the preliminary stages of the foreclosure process. The foreclosure process is involved when a lender seizes a property and puts it up for sale in order to recoup their money. In the 22 judicial foreclosure states of the United States, the foreclosure process must involve the court while the lenders do not have to go to court in non-judicial foreclosure states. Why Should You Care About The Preforeclosure Stage(s) PREVIOUS POST: Understanding The 1% Rule 📍 In Real Estate…

Real Estate Investing Online 📍 Is It Possible… 100%?

Real Estate Investing, Real Estate Wholesaling, Virtual Wholesaling

In this lesson, you will discover real estate investing online; where it is possible and where there are limitations. Ultimately, my goal is to show you how this is 100% possible in the digital age. When I first joined the real estate investing gang back in 2004 and 2005, I was a fresh graduate of computer engineering and engineering management. So naturally, I eventually always looked for ways to do any parts of this business online and virtually. It wasn’t always easy. But today, I can boastfully tell you that I was among some of the first to manage to bring my attorneys on the road to do deals with me. In fact, there were many times that I didn’t have to show up even when I took the title…

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…

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…

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;…

[2023 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…

5 Stages of Wholesaling Pre-Foreclosures [The Definite Guide for 2023]

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…

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…

Category: Real Estate Wholesaling

Pre Foreclosure Listing: What You MUST Know

5 Tips To Finding Pre-Foreclosure on Zillow 📍

How To Buy A Home in PreForeclosure 📍

Real Estate Investing Online 📍 Is It Possible… 100%?

10 Keys To Understanding & Finding Comps On Real Estate

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

Pre-Foreclosures List 📍 High vs Zero Equity

[2023 Update] Virtual Wholesaling Out-of-Town Real Estate Deals

5 Stages of Wholesaling Pre-Foreclosures [The Definite Guide for 2023]

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

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