@Insomnia_Is_Histo-Rai That depends on each deal and what your cash buyers buying criteria is. Your wholesale fee is the difference of what you can negotiate the property for while keeping it within your investors buy box. You want to make sure it is a win-win not just a win for you. Cheers! 🏠
@doodelay You will be calling agents to make discovery calls about the property to see if it's worth submitting an offer on and if they're willing to work with you.
Dude I feel like no matter how many notes I take and no matter how many videos I watch or how many hours I spend trying to figure out how to do this, it just keeps getting more and more confusing and I haven’t even started and I feel so stuck and lost already
Feel like this is the only thing stopping me from getting a deal here in Arkansas ! Can’t find any cash buyers. That makes me scared to lock up a deal.
@vanessadarrough5000 That's okay and completely normal fear. It's actually good you're looking to find your buyers first! This is essential to being a successful wholesaler. You want to get to know your cash buyers specific buying criteria. That way you're bringing them deals with confidence that you know they actually want! Now that you know this method it is also very important what you say to these potential financial partners. We made a video that gives you a free script you can download and have handy next time you're reaching out to buyers. Here is a link to that video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yPDBNoKgIUo.html You got this! 💪
Man I wished it was this easy. In Texas, everyone on Google are wholesalers. You have to skip trace a buyer to actually find a true buyer to get a convo like this. Definitely not google.
@Lorann-z5v Something else you can try is looking at current listings of new rehabbed homes, and reach out to the agent like Ryan did in our other video. Here is a link to that video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-EO7fcIH_bWs.html On this call, Ryan was able to get a potential cash buyer by going through the agent listing the property.
@Usernameinvalid9888 Hey there! That's great to hear you're taking action and putting in offers. We would love to hear more about where your deals are going wrong to see if we can help you. We have an exclusive and active community that can help you get you dial in your offers to increase the odds of them getting accepted! Understand also that this is a numbers game and we've found that it often takes somewhere between 10-15 offers on average to get a deal closed. We're always helping our students refine their deals to make sure their numbers make sense for the investor as well as them!🚀 You can book a call and speak directly with our team here: realestateskills.com/apply?el=ytotalkapp We look forward to hearing from you soon! 🙂
@MrIsrael_ Not at all! Savvy investors understand what you're doing and also account for it. As long as the deal makes them money and fits their buying criteria, it shouldn't matter what your wholesale fee is.
@Hype4Christ Do you mind expanding on your question? Private Money comes into play as you build relationships with investors and have a track record that you can close deals.
@philw9787 As a wholesaler, it is our job to understand what our cash buyers specific buying criteria is and then bring them the deals that work for both of you. If they reject your offer, that is an opportunity to understand why they did so you can learn how they run their numbers.
@selenajackson1126 Cannot agree more! This is why we teach wholesaling the way we do so people are professionals and are taken seriously. Cheers and always good to see you again in the comments!
@@RealEstateSkills you’re definitely providing good information and it’s confirmation for me that I’m definitely on the right track. It’s been a hard journey for the first year and now I’m reaping my rewards for putting in the work
Were glad you're enjoying the content we put out still. It's nice to hear you're taking action on what you've learned here. 🚀 We're proud of you and keep up the hard work! 🙂
💸Entrepreneurs & Professionals looking to get started and work closer with Real Estate Skills' team, APPLY HERE: ➡www.realestateskills.com/apply?el=htiimreapp 🥇Check Out Our ULTIMATE INVESTOR Program & Learn How To Start Wholesaling & House Flipping: ➡realestateskills.com/ultimate-investor?el=htiimre ✍Check Out Our PRO WHOLESALER VIP Program To Get Started, Today!: ➡realestateskills.com/pro-wholesaler?el=htiimre
Appreciate the well prepared lesson here! I’ve helped buyers invest in real estate for years and now I’m ready to become an investor myself. I’ll check out your website!
@user-cy6vw7yd3i That's wonderful to hear you're interested in becoming a real estate investor! One of the best things you can do to get started is to book a call with our team. On that call we can get a better understanding of what your specific goals are and together we can come up with a strategy to get you started! 🚀 Here is the link to book a call with us: www.realestateskills.com/apply?el=whymsapp We look forward to hearing from you soon! 🙂
@JonathanRoyer The seller pays the commission although there was a recent change that the seller will only be responsible for the listing agent's commission moving forward. The buyers agent your cash buyer will likely have to cover now so there is new space for negotiation here.
@JonathanRoyer The most important thing is that you bring deals that match your cash buyers buying criteria. They understand what their closing costs are. Know that everything is a negotiation so if there is push back because of paying the agent commission you can always negotiate.
@robinquirk7201 Yes we do! We have a program that includes bi-weekly coaching and a community that you can ask any questions you have and get them answered quickly. The best thing you can do is book a call with our team so we can better understand your real estate investing goals so together we can help you come up with the best strategy to get started. 🚀 Here is a link to book a call with our team: www.realestateskills.com/apply?el=21dapp We look forward to hearing from you soon! 🙂
@kingalex7941 Great question! We actually made a video on how to find cash buyers for free! Here is a link to that video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-YzWGQJPKv6c.html In that video we will show you exactly how to find cash buyers in your local market. 🙂 Enjoy!
@@RealEstateSkills Oh ok I think I get it. So does that basically mean every deal you get, you have to get it at no more than 65% of ARV - Repairs correct?
It basically means: ARV * 83% - Repairs The 70% Rule goes out the window with better buyers. The 70% rule is a rule of thumb usually used by more inexperienced cash buyers & wholesalers.
You picked a rabbit out of the hat on that call for sure since most buyers that I have found are in the 70% to 50% or even less category making any deal impossible. Chalk up that to either their inexperience or pure greed but in either category of theirs again, any deal construction with them is a waste of time. Good luck with that buyer and I hope it all goes well for you.
@andysear We don't feel like buyers like this are rabbits in a hat. The percent an investor is willing to buy a property at is market dependent as well as how their company is built. For instance, if they have brokers in house they can usually save on those commissions allowing them to be more aggressive with their buying criteria. The more experience you gain the better you will get and finding buyers just like this. 🚀 Thank you for the kind wishes and we hope you the best of luck in your investments as well my friend! 🙂
@@RealEstateSkillsit seems the beat way to lock up potential deal is to use the 80% rule, then let the buyer determine of that fits their buy criteria
@eallen5562 The best thing you can do is know your cash buyers buying criteria in advance and bring them deals that match it. Know that more aggressive buyers will go above the 70% rule.
This is excellent call. Man only want 17-20% is great. Not sure which wholesaler they been working with, lol. I see kinda Lil speckic when mention double close. Everyone hv the right to assign or double close. Hope not type cash buyer looking at people assignment fee
I’ve been using this trick and sold two properties and I only started 2 months ago knowing nothing, but do you work in other markets or just Denver, CO?
@santiagobaltazar8631 We have done deals all over the country! That is incredible that you were able to close on two deals already! Congratulations. 🎉 Do you care to share about the two deals?
@eallen5562 Knowing how to find cash buyers is part of it, but knowing what to say is equally important! We actually made a video that will give you a free script of what to say to cash buyers. Here is a link to that video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yPDBNoKgIUo.html Without listening to your calls it's hard to guess where you're going wrong. Check out that script and have it handy the next time you reach out to cash buyers.
Do I have to work with in my area? What have u heard about the hold you’re hand This is were I’ve started to learn ?! Not sure I’m loving your videos thanks for you content!
@robinquirk7201 We recommend that you start locally when starting out. We're glad to hear you're loving the content. If you're looking to get help starting your real estate investing journey, check out our free training here: realestateskills.com/training?el=dodontyt Once you've watched the training, you can schedule a call with our team and together we can come up with a strategy that best suits you and your goals! 🚀 We look forward to hearing from you soon. 🙂
I am just starting my research on how to do this and have come across a lot of videos, and all ask for so much money upfront for the courses... I mean we are trying to get income because our current income is not enough lol---LOVE how you explain everything so good and for free. I'd be a happy camper to learn it really good and reach my FIRST goal >>>> MY VERY FIRST DEAL! I will be calling cash buyers now and follow all your steps from there on. I do however have a question; I am in Texas and there was a video that mentioned that Texas requires a TREC Contract---- in this case how would I add the part where it has to state that the contract can be assignable??
The effort and the amount of information you all post on this platform is so very appreciated. Very professional and it’s all helpful for anyone at any level. No drama, fear mongering or passive aggressive behavior just pure golden content and resources. Much respect to you guys 🙏🏽✨ thanks for helping us all out and being willing to assist with questions.
💸Entrepreneurs & Professionals looking to get started and work closer with Ryan's & Alex’s team, APPLY HERE: www.realestateskills.com/apply?el=wmfcbisapp ✍Check Out Our PRO WHOLESALER VIP Program To Get Started, Today!: realestateskills.com/pro-wholesaler?el=wmfcbis Check Out Our ULTIMATE INVESTOR Program & Learn How To Start Wholesaling & House Flipping: realestateskills.com/ultimate-investor?el=wmfcbis
Excellent video my friend. Always looking for new content and techniques to up our game. 83% of ARV is rare in the DC area but thanks for sharing. DRS Real Estate Investments LLC.
They're buying at 83% ARV, but couldn't you still buy it at 70% if the seller accepted? Wouldn't that also mean there would be a potential increase of profit spread of 13%
@eallen5562 You definitely could do 70%. Just know that the 70% rule is a general rule of thumb and often investors are willing to purchase at more aggressive pricing.
Just remember that each cash buyer has their own buying criteria. So don't spam cash buyers with deals that they don't actually want. Don't forget to sub so you don't miss our future videos on real estate investing! 🚀 Cheers! 🙂
@@RealEstateSkills so if i were to ask a cash buyer what is you buying criteria? Id try to match up to their criteria as close as possible. Would that be good im assuming.
@FullFocused25 That's correct! We actually made a video that gives you a free script so you know exactly what you need to say to cash buyers. Here is a link to that video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yPDBNoKgIUo.html You can download the script so you can reference in the video's description! 🙂 Cheers! 🏠
Hello, what if there's a really mixed amount of comps, for example, some going from 70,000 to 170,000. How do we find the average for the ARV through that?
Hello, @allurisubs3994! If you look at step 3 of this video you will have a much better understanding of how to analyze properties and find the best comps. Here is a link to that video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-5g50aoOd_4k.html Cheers! 🏠
@@RealEstateSkills I watched that part but I'm still a bit confused on how to assess the ARV in real life. Your example is good for the hypothetical, but its kind of difficult to apply it to real properties. Whenever Ive tried to find comps around the property I'm looking at, there sometimes seems to be quite a variety. Maybe you can show us an example one day of you finding the ARV from real property.
@braydenlillibridge8345 You want to make sure you find your cash buyers before you get your deals under contract. Knowing their specific buying criteria is key to getting your contracts assigned. When you do get a property under contract you just want to make sure there is an inspection contingency so you can do your due diligence on the property to make sure there are no surprises and that the property works for you and your buyer. Cheers! 🏠
Great video! I'm just starting out in wholesale and just didn't know how to find cash buyers. This was very helpful. Thank you for sharing your knowledge and experience. I greatly appreciate it!
@7CompletionREI You're very welcome! This step is key to do first before you get properties under contract. That way you know what you're looking for. 🙂
Are these numbers by square footage fora specific state or nationwide, tho? I'm in TX, I suspect $60 won't be enough according to at least lumber prices here
@tatianaivanful You will always need to run the numbers for your local area because cost of material and labor changes depending on where you are located.
@jesusornelas3435 We're looking forward to our call as well. Make sure you take the time to write down any questions you may have before the call so we can make the best use of our time together! 🚀
