The Definitive Guide to Running Comps in Real Estate📍

The Definitive Guide to Running Comps in Real Estate📍

Wholesale Real Estate
What Does Comps Mean in Real Estate? Comps is simply short for “comparable”. In real estate, especially real estate investing, you make money when you buy and not when you sell. So in order to make profit while investing in real estate, you need to be able to sell at a reasonable price with respect to the market at large. Real estate comps will allow you to determine what a piece of property is worth. Without available comps, a piece of property is essentially worthless ....and I will explain that in detail in a few seconds. When a piece of property doesn't have comps, that's the equivalent of no buyers and no sellers in that marketplace, area or neighborhood. So if you ever encounter this situation as an investor, you…
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3 Stages to Conquer Before Wholesale Real Estate Deals📍

3 Stages to Conquer Before Wholesale Real Estate Deals📍

Wholesale Real Estate
Way too many people are chasing after wholesale real estate deals without a proper understanding of what leads to one. I get it… After all, you are "one deal away" right? Nah…. At least, you need to know about these 3 stages that you must pass through in order to get to closing wholesale real estate deals at scale. Of course , you can get lucky without these stages but luck and hope can only happen so many times. STAGE 1 - Data Collecting and analyzing data is a very important part of any business in the digital era. It allows you to add predictability to your business especially when you collect the data in bulk. Property addresses and owners are all data on a public record that you have…
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3 Benefits of InBound Marketing in Attracting Wholesale Houses for Sale 📍

3 Benefits of InBound Marketing in Attracting Wholesale Houses for Sale 📍

Wholesale Real Estate
Maintaining and growing a healthy size wholesale houses sale inventory is key to consistently closing deals. In order to do that, you have to constantly be engaged in prospecting and marketing for the next one. But initiating prospecting and marketing can happen in one of 2 different ways. InboundOutbound They both work but the latter requires more sales skills because you are essentially requiring people for unsolicited conversations. But again, nothing too strange about that, you just have to be good at selling them as soon as the conversation starts. I personally prefer and recommend inbound marketing because of this 4 benefits. (1) Attraction Marketing You are essentially planting value seeds everywhere that you already know will attract your ideal prospect to initiate the conversation. For example, you put a…
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3 Tips to Smooth Sales Closing of a Wholesale Property 📍

3 Tips to Smooth Sales Closing of a Wholesale Property 📍

Wholesale Real Estate
The last step in profiting from flipping a wholesale property is closing the title. In that process, the title of the property is transferred successfully to a new owner. But it is not as simple as I made that sound. However, there are a few 3 tips I want to share with you as inspired by the question below to make it as smooth as possible. Wholesale Property Profits Tip #1 - Legalities The title and/or closing agent or attorney is paid to worry about that part of the transaction. So do the best you can to not involve yourself in that headache. Once the contracts are executed, your job with legal issues are basically done. FREE Audio book - Smart Real Estate Wholesaling... Tip #2 - Funding Even though…
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4 Traits of a Fast Growing Wholesale Homes Sale Inventory📍

4 Traits of a Fast Growing Wholesale Homes Sale Inventory📍

Wholesale Real Estate
If you want to build an actual business, one thing you should be obsessed with is growing a wholesale homes sale inventory. So in any given month, you should have at least 10-20 homes in it that your buyers’ list can check out from time to time. Therefore in order to do that, you must master these 4 traits that the successful ones have. (1) Never personally drive for dollars The keyword there is “personally”. Sure you can have others whose time is not necessarily as valuable doing that but if you can get a regular job for $10 per hour,  Driving for dollars, as primarily a data collection method, is probably not worth your time.  (2) Bulk Data Collection & Analysis  → Fast & Profitable Wholesale Homes Sale Inventory…
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5 Essential Tips to a Massive Wholesale Properties Sale Inventory📍

5 Essential Tips to a Massive Wholesale Properties Sale Inventory📍

Wholesale Real Estate
Most people get stuck with the 65%, 70%, and 75% rule when it comes to wholesale properties sale. So do yourself a favor, free yourself with these 5 tips for longevity and profitability. (1) Multiple Streams of Income Beyond Wholesale Properties Sale The idea of wholesale real estate is to find deep discounts but if it was easy, everyone would be doing it. People who survive the business long term have made it a point to have multiple streams of income. So the deep discount will come if you get busy with all types of deals; even retail sales. And you can even sell products that are not real properties as long as a potential buyer can find value in it. So the tip is to not get stuck on…
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Wholesale Real Estate Investing in 5 STEPS 📍 Cash Buyers’ Employee

Wholesale Real Estate Investing in 5 STEPS 📍 Cash Buyers’ Employee

Wholesale Real Estate
You are about to discover the 5 steps that make up a wholesale real estate investing business. But first of all, here is a refresher on exactly what it is. Wholesale real estate is simply the art and science of finding deeply discounted properties for able and willing investors. Therefore, it's a very lucrative business model whereby your assignment fee can be as high as $200,000. My highest check at press time is $82,000. Here goes the steps... Did you check out my take on... "Zillow Prospecting for Wholesale Real Estate Investing?" Marketing to distressed homeowners is the 1st Step of Wholesale Real Estate Investing Distressed homeowners include tire landlords, absentee owners, vacant properties, pre-foreclosure, delinquent taxes etc. STEP 2 - Negotiate a deep discount The idea is that when…
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What is Wholesale Real Estate Investing⁉️📍 & ZILLOW Prospecting

What is Wholesale Real Estate Investing⁉️📍 & ZILLOW Prospecting

Wholesale Real Estate
One of the most commonly asked questions I get is "what is wholesale real estate investing?" Wholesale Real estate investing involves the investment of time and marketing skills in finding deeply discounted properties... In place of an actual traditional investment capital in real estate for the purpose of quick profits. On the previous post, we dived through 3 irrefutable ways to fail in wholesale real estate investing, so be sure to check it out. I know. Maybe I should break that down a little further right? Real estate is a necessity in every society and... Because of that, investing in it can be a very long term lucrative model. In fact … "Over the last two centuries, about 90 percent of the world's millionaires have been created by investing in…
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Wholesale Home Investing 📍 Step-by-Step Formula & 3 “Irrefutable” Ways to Fail

Wholesale Home Investing 📍 Step-by-Step Formula & 3 “Irrefutable” Ways to Fail

Wholesale Real Estate
Attracting wholesale home owners can be a major key source of real estate investing leads and Subsequently, deals. Here is why you don't need realtors for comps... There are other methods such as chasing after realtors, MLS listings, real estate attorneys and other professionals. But the idea with wholesale real estate is to control an inventory of real estate with no money out of pocket. (FREE CONTRACTS) So in this lesson, I will cover 3 UNDENIABLE ways to fail in wholesale home investing; obviously, you would want to avoid them. (1) Disregarding Inbound Marketing with make Wholesale Home Investing Difficult When a call comes in from a potential seller requesting for more information on selling their property, it's easier. It's okay to make outbound outreach and marketing methods if that's…
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