3 Tips on BUYERS WITH CONVENTIONAL LOAN 📍 Wholesaling Real Estate

3 Tips on BUYERS WITH CONVENTIONAL LOAN 📍 Wholesaling Real Estate

Find Cash Buyers Now, Real Estate Wholesaling, Wholesale Real Estate, Wholesaling Houses
QUESTION - “Does anyone have experience with wholesaling to a buyer who is getting conventional financing?” First of all for those who may not be familiar with it, wholesaling real estate is the art and science of finding a deeply discounted property via mass marketing... Locking it under contract Selling the rights to the contract to an END BUYER for a lucrative fee. The END BUYER ideally would be a CASH BUYER. In fact, the gurus teach to find cash buyers. That means someone with their own cash who is simply investing it in this property to flip for profit. However in recent times, there have been other financing options such as hard money lenders, private money lenders and many other creative financing strategies. Finding Cash Buyers for Wholesale Real…
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2 Reasons WHY LISTSOURCE WON’T WORK – Honest Review 📍 Real Estate Wholesale

2 Reasons WHY LISTSOURCE WON’T WORK – Honest Review 📍 Real Estate Wholesale

Real Estate Wholesaling, Wholesale Real Estate, Wholesaling Houses
QUESTION - “For those of you that use Listsource, how effective and productive is it? Who has gotten legitimate leads that lead to closings from Listsource? Worth the money? Out of 100 names,how many realistic leads may lead to a closing?” This is a loaded question(s) but God is bigger than this question. The question came from a newbie in real estate wholesale who is basically snooping around looking for shortcuts to generation motivated seller real estate leads. That’s what people go to places like Listsource source to do. But specifically, Listsource is a data collection platform. They don’t promise you anything other than a list of property addresses, theirs owners and many times, the owners’ mailing address. I get it. If I were you, I would be looking for…
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#1 SECRET to Get Agents to Give You COMPS FOR AFTER REPAIR VALUE 📍 Wholesale Real Estate

#1 SECRET to Get Agents to Give You COMPS FOR AFTER REPAIR VALUE 📍 Wholesale Real Estate

Real Estate Wholesaling, Wholesale Real Estate, Wholesaling Houses
QUESTION - “Hi Ola, I'm fairly new investor and I’ve found a potential deal. It’s a fsbo and I want to wholesale it, I’ve done Zillow and trulia Comps. What incentive do I have to get an agent to run mls comps for me?” In order to answer this question, it’s important that you know what it means to wholesale a real estate deal. Wholesale real estate is the art and science of attracting deeply discounted properties, locking them under contract and selling the contract for a lucrative fee; usually $5,000 or more. My highest fee on record is $82,000 from one deal. What is After Repair Value? After repair value a.k.a ARV is the value of a real estate property (that usually needs repair) after it has been adjusted…
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FORECLOSED VS LIS-PENDIS📍 Wholesaling Pre-Foreclosures

FORECLOSED VS LIS-PENDIS📍 Wholesaling Pre-Foreclosures

Real Estate Wholesaling, Wholesale Real Estate, Wholesaling Houses
QUESTION “Weird situation for me. I just had someone send me an address to their aunts house she no longer owns. He said the state owns it, so I’m guessing that means it was foreclosed? If that is the case, can I still put it under contract and how would I do that? Hopefully you can help me, I’m obviously a beginner.” Wholesaling Pre Foreclosures
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FIND THE MOTIVATED SELLER 1ST OR CASH BUYER❓ Pre-Foreclosure Wholesaling

FIND THE MOTIVATED SELLER 1ST OR CASH BUYER❓ Pre-Foreclosure Wholesaling

Find Cash Buyers Now, Real Estate Wholesaling, Wholesale Real Estate, Wholesaling Houses
As part of our Q&A series on wholesale real estate, in this episode will address the question of which prospects to go after first. Should you find a motivated seller first or build a cash buyers’ list? In a full blown wholesale operation, you will discover quickly that those are 2 different roles or jobs that just happen to be in the same business. With that in mind, let’s take a look at today’s question and answer it comprehensively. QUESTION From Michele Y “Hi guys still educating myself on wholesaling I’ve been on Craigslist looking at houses (working up to making my first call soon I’m kinda nervous) any tips on what to ask? Also Is it better to find the motivated seller first or cash buyer? I’ve heard it’s…
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2 Ways to Identify BEST CITIES 📍 Wholesale Real Estate

2 Ways to Identify BEST CITIES 📍 Wholesale Real Estate

Real Estate Wholesaling, Wholesale Real Estate, Wholesaling Houses
You can understand why a new wholesale real estate investor would want to know the best cities to go after. It makes sense as it reserve resources, time,money, energy for marketing and prospecting in the cities with the closest to guarantee as possible for success. So I’ve decided to share 2 quick ways to identify the best cities to target with your hunting operation. 1 - Ask at your Local REIA This still works especially if it’s by the way. “By the way” means you would hang out at REIA’s to network anyway. Simply ask any cash buyers you meet where they like to invest. They are usually happy to share as it potentially mean more money for them. 2 - Data Collection & Analysis The 2nd way is to…
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The Ultimate 2 That Determine PROFITS (ARV) 📍 Wholesale Real Estate

The Ultimate 2 That Determine PROFITS (ARV) 📍 Wholesale Real Estate

Real Estate Wholesaling, Wholesale Real Estate, Wholesaling Houses
In this episode, I want to share the 2 pieces of information you need to find in order to estimate and secure your profits in wholesale real estate investing. 1 - Market Value This is determined by finding the 6 months average sales price of similar properties within 1 miles distance radius of the subject property. Let’s go over that… You need to determine the average sales price within the last 6 months. The comparable sales need to be similar properties. They all must be within a mile radius. This is the number that gives you an idea of speculation tolerance. The further away from 6 months and 1 mile you are in determining the market value, the higher the risk. Depending on your location and market, the market value…
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7 Tools (MUST HAVE) 📍 Wholesale Real Estate

7 Tools (MUST HAVE) 📍 Wholesale Real Estate

Real Estate Wholesaling, Wholesale Real Estate, Wholesaling Houses
One of the most popular questions I get is “Ola, what are the tools that I need to guarantee winning in real estate wholesaling?” Off the cuff, it’s a difficult question because I use lots of tools. But the good news is I didn’t start that way. I also guarantee you that there are probably tools I need to get rid of. So I have taken the liberty to list out 7 tools that I know is a tight list designed to help you get to result as fast and efficient as possible. 1 Laptop 2 Smart Phone 3 Internet 4 CRM Software 5 Continuing Education System 6 Income Affiliate System 7 YOU Inc Real Estate Wholesaling Tools
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