🏠Watch our FREE Training on "How To Get Started Wholesaling & Flipping Houses WITHOUT Spending $1 On Marketing," here: ➡ realestateskills.com/training?el=fwtyfwd ➡ Learn More About The PRO WHOLESALER VIP Program: realestateskills.com/pro-wholesaler?el=fwtyfwd ➡ Learn More About The ULTIMATE INVESTOR Program: realestateskills.com/ultimate-investor?el=fwtyfwd
Are you saying you edited this video and are offering to edit videos for others ? This video is incredible! ALEX DESERVES MUCH PRAISE AND APPRECIATION FOR THIS VIDEO !!! He’s broken it down here precisely and speaks in clear and simple terms for even a newbie. If you did edit this video well props to you too!
Yes I did, @brandonvintila2696! I found my first deal on market using the MLS (Multiple Listing Service) and I worked with the agent that listed that property. 🙂 Cheers! 🏠
I've done wholesaling for houses before sellers never asked for a website but with Land I'm calling Builders and they want the name of my company, but I havent paid for a LLC yet. Should I wait to purchase a professional email and website? Thanks for all you do.
Hey there - We always recommend getting a professional email & website. It never hurts, only helps. A great website service for real estate investors is Carrot. You can check them out here: carrot.com/?fpr=1672 For a professional email, check out Google Workspace. Cheers & Happy Wholesaling! P.S. Shoot us a SUBSCRIBE if you're finding value from our vids. We'll be coming out with more soon!
@dynafiq1896 You can use your own name, but you should create an LLC to protect yourself as well as come across as more professional as soon as you can.
Is there anyway to extend that 72 hour window of backing out and receiving the deposit back? I was told there’s due diligence that can last up to 7-14 days in which you can receive the deposit back upon backing out of the contract. Also for those of us without the personal funds to buy the property, when sending the proof of funds we obviously must rely on our buyer to acquire this. Does this mean in our case we verify with the buyer that they are all in before signing the contract instead of contacting them after?
Yes, everything's negotiable. Just need to get it into the contract & get it signed by you (the buyer) and the seller. The contract is the law of the land, so what is negotiated and agreed upon needs to be followed. Yes, it’s important to verify that your buyer is fully committed and has the funds available before you sign any assignment. We also recommending finding you buyers first and vetting them so that you can confidently put wholesale deals under contract. Here's an in-depth video where we go into how to find cash buyers and why you want to find you cash buyers first: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-YzWGQJPKv6c.htmlsi=TPBnv_LVaLWqu8gs This should help explain more context and get you headed in the right direction! Be sure to SUBSCRIBE if you haven't yet! We'll be sure to come out with more on wholesaling and all things real estate! Cheers & Happy Wholesaling! 🏠👍
Hey there, you can start wholesaling without actually having an LLC. It's definitely recommended to set up an LLC, but you can submit offers in your personal name. 👍 Be sure to SUBSCRIBE if you want more content on wholesaling real estate! Cheers & Happy Wholesaling! 🏠
@josehuezo2375 We plan to do just that! We just actually launched an in depth video on how to fix and flip a property. Here is a link: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-v4NSoTD3gLE.html We think you will love it! 🙂 Cheers! 🏠
Depends on your location and what's traditional for the area. It's usually either paid by the seller or buyer, or split 50/50 between both. Cheers & Happy Wholesaling!
@divahealth365 Thank you! We work hard to put out the best relevant content we can. Make sure to sub so you don't miss out on future content like this. 🔥
Hey there! Yes, we just made it available! You can check it out and download it here: www.realestateskills.com/calculator?el=fwtyfwd Also, be sure to SUBSCRIBE & to click on the Notification Bell so you know when our next vids are coming out! We'll be coming out with videos soon all about the Deal Calculator. Don't want to miss it! Cheers & Happy Wholesaling! 🏠👍
You got it! Glad the vid was helpful! Please hit SUBSCRIBE when you get the chance! We'll be coming out with more content on wholesaling very soon ;) Also, here's a link to our free training that goes into all the concepts talked about in this video: realestateskills.com/training?el=fwtyfwd Cheers & Happy Wholesaling! 🏠
Hey Kenny, When wholesaling with agents, either the Listing Agent or Buyers Agent will provide the contract and input our offer terms into it. When dealing with off-market properties, we use these ones: www.realestateskills.com/contracts?el=fwtyfwd ^You can grab our example contracts for free. Just be sure to get it checked out by a local attorney to make sure it complies with your local laws & regulations! Cheers & Happy Wholesaling! P.S. If you find value from our vids, then please shoot us a Subscribe! Don't want you to miss out on our new content coming out!
Hello, @iknowyou6725! I would check this section of this video out and then let us know if you have more questions. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-5g50aoOd_4k.htmlsi=gBf223NIGnovxX00&t=1915 That link will take you right to the section which teaches you how to analyze the deal! Cheers! 🏠
@iknowyou6725 Hey there! We will actually be giving our deal calculator away for the first time during our free workshop! Here is a link to sign up for our workshop: www.RealEstateSkills.com/workshop We look forward to seeing you there!
@PivitCapital Depends on where you are, but most of the time yes you can easily make an addendum to the contracts. Some areas require you to double close.
Thank you for all your great videos! My question is how do we approach a listing agent nowadays with the new NAR guidelines about buyer representation?
Hi Susan! Thanks for your question! With the new NAR guidelines, here’s how to approach a listing agent: 👉🏼Be Clear About Your Role: Let the agent know if you're representing yourself or have a buyer's agent. 👉🏼Discuss Commissions: Be ready to negotiate how the buyer’s agent commission will be handled. 👉🏼Leverage Relationships: If you know the agent, emphasize your ability to close quickly. *Keep up to date with ongoing changes to NAR policies, as these can further impact how buyer-agent relationships are handled. Hope this helps! 🏡
"I’ve hesitated to work with agents because I’m unsure about disclosing my intent to assign a deal. I worry it feels deceptive if I don’t, especially when buyers want a walkthrough, as the agent assumes I’m buying the property. Should I disclose that I plan to assign the deal, or is it better not to?"
Hi Keith! Great question! You don’t have to disclose your intent to assign upfront, but being transparent builds trust and prevents confusion during buyer walkthroughs. Let the agent know you may assign the contract to a partner (cash buyer) to keep things smooth. It's best to work with investor-friendly agents who understand assignments. Hope this helps! 🏡
Hey there, what about the Earnest Money Deposit (EMD) do you have questions about? Also, here's a link to our in-depth article all about Earnest Money Deposits: www.realestateskills.com/blog/earnest-money-deposit Whatever you have questions on the EMD about may be answered in the article! Cheers & Happy Wholesaling!
So a lot of the agent and stuff is specific to double closing right? If you were trying to do an assignment or wholesale contract then you wouldn't be able to work with the agent right? What's the best way to close a deal if you have little money to fund the deal.
Hey there, nope this isn't specific to double closing. We assign the majority of our on market deals with agents. The best way to close a deal if you have little money to fund the deal would be exactly what was covered in this video, which is assigning the contract. Here's our video on How To Wholesale & Flip Houses Step by Step [With $0]: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-J8jtA7f8vYE.htmlsi=2m2a5bS-u1BM0Md- ^I believe this is the video you're looking for since it is even more focused on wholesaling real estate with no money. Be sure to subscribe to our channel here: ru-vid.com because we're about to come out with more content soon about the assignment of contract. In the meantime, you can check out our in-depth article about assigning here: www.realestateskills.com/blog/assignment-of-contract Cheers & Happy Wholesaling! 🏠
Hello, @lauromarquez9693! Great question. You don't need a real estate license in order to wholesale real estate in the state of Colorado. We actually have a great resource for you to help get you started wholesaling. This link will take you to an opt-in and after we will shoot you over this pdf that shows you how to get started wholesaling real estate in every state! ➡️ www.realestateskills.com/howtowholesale?el=fwtyfwd Cheers! 🏠
i didnt particularly understand how the listing agent gets a dual commision or the referral fee (is this included the selling price to the buyers? would you be able to explain that a little more please?
@darljacob3051 Great question. So if the listing agent also represents you as the buyers agent they would receive 2 commissions. Also you can have the agent represent your buyer potentially with the relist so they get to triple dip and are much more likely to work with you in the future.
BOOM! Glad you enjoyed the video! Be sure to check out the description for any free resources you may need on your wholesaling journey! Also, please shoot us a Subscribe if you found value from this video here: ru-vid.com We'll be coming out with more content on all things real estate! Cheers & Happy Wholesaling! 👍
Hi Ryan! Thanks for asking! The Deal Calculator is usually included in real estate training programs. Check the downloads section of your course or contact support if you're enrolled. If not, consider joining a program that offers tools like this for deal analysis. Hope this helps!💙
Hi Adam! Good question! If a buyer cancels, your timeline doesn’t reset. The original closing date with the seller still applies unless you can negotiate an extension. You'll need to find a new buyer quickly within that timeframe. Hope this helps! 💙
Great Video! Thanks for sharing. In the part of the video when you use the calculator, you say because of the calculator you know you can offer $445000. How did you get that number for the purchase price using the calculator? In a more recent video you all made the calculator available, and now I need a crash course on how to use the calculator.
Thanks for your comment and interest in our deal calculator! We're excited to hear you're diving into using it. We're actually planning to create a detailed video soon that will walk you through exactly how to use the calculator step-by-step, so stay tuned for that! In the meantime, without the calculator, a common rule of thumb for determining an offer price is the 70% rule, which suggests you should offer 70% of the After Repair Value (ARV) minus repair costs. However, to stay MUCH more competitive in today's market, we often use an 80% rule for even more attractive offers to sellers. Hope this helps for now, and keep an eye out for our upcoming video! Cheers!
Hey, so I’m working on getting my first deal with your videos! I’m looking into the property but the agent said no contingencies, selling as is. Should I still go through with my offer? Any feedback would be appreciated!
@CesarGmzz If your agent isn't allowing an inspection contingency I would be hesitant to put the property under contract. If you can't make sure there are no surprises with the property, it is too risky in our opinion.
We appreciate your kind words! It means a lot to know you enjoyed our vid on wholesaling! 🏠 Be sure to subscribe for more awesome content on wholesaling! 👍 Cheers! 😎
@AlfredHJR LFG!!!🚀 We look forward to learning about your goals. Make sure to have the ability to take notes and have any questions you might have ready.
When it comes to jumping right in to asking whether the listing agent would be willing to represent you as the buyer, would it make more sense to let them know you are not an agent, you are a buyer and then begin with discovery, rather than ask them to represent you as the buyer before any rapport has been established? After some rapport and connection is established, you could ask them if they would be open to representing you, if they have not already asked you? Because even though they are in charge of the deal and human beings, sometimes no matter how professional, warm and rapport building you are, some agents just are not friendly or easy people to work with. In that case, even though the goal is to incentivize them to accept the offer by representing or referring, they may not be easy nor friendly to work with. Appreciate any response and insight you can provide. Thank you.
Hello, @ericsliger8208! The reality is not all agents are going to want to work with you and that's okay. When you let them know you're a buyer and need to be represented, it builds interest in working with you right away. In the example you described a very small percentage of agents out there. Most agents are willing to have a discovery call and represent you if they're familiar with working with investors. Don't let that stop you from making discovery calls and putting in offers. Wholesaling is a numbers game and you will get no's along the way. That's okay it's just part of the process. 🙂 Cheers! 🏠
If the agent is the one cooking up the info in the contract, how can you assign the contract if it’s not in the clause and you not telling the agent that you’re a wholesaler?
Hello, @jstered! We do give away our free ARV calculator. Here is the link to the calculator: www.realestateskills.com/blog/arv-calculator?el=fwtyfwd We have more resources for you within our Pro Wholesaler VIP Community! If you haven't already you can book a strategy call with our team! On that call we can come up with a plan that best aligns with your real estate investing goals. Here is a link to book your strategy call with our team: www.realestateskills.com/apply?el=fwtyfwdapp We look forward to hearing from you soon and enjoy the ARV calculator! 🙂
@jstered Hey there! We will actually be giving our deal calculator away for the first time during our free workshop! Here is a link to sign up for our workshop: www.RealEstateSkills.com/workshop We look forward to seeing you there!
Fast! Thank you for all the great content and advice. Would you be able to do a video on the title process? In this strategy do you use your own title company or the agent’s? Do you have the agent add the assignment to their contract, or do you send it to the title company separately?
@dukehatton594 When you find your cash buyer for your deal you just reach out to the agent and let them know you need to make an addendum to the contract. Cheers! 🏠
Typically the agent will have the title company lined up, but if your cash buyer prefers a particular company then you can always negotiate that that company is used.
@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.
@mscervantesr466 We do give away our resource to our ARV Calculator. We do have a ton more resources within our program! ➡️ www.realestateskills.com/blog/arv-calculator?el=fwtyfwd If you want to learn more about our Pro Wholesaler VIP Program here is a link to our free training: ➡️ realestateskills.com/training?el=fwtyfwd Once you've gone through the training you will be able to schedule a call and chat directly with our team. We look forward to hearing from you soon! 🙂 Cheers! 🏠
@mscervantesr466 Hey there! We will actually be giving our deal calculator away for the first time during our free workshop! Here is a link to sign up for our workshop: www.RealEstateSkills.com/workshop We look forward to seeing you there!
@tiwale6387 Great question! You're an asset to the cash buyers you work with by bringing them filtered deals that they actually want to buy. Otherwise they would have to invest time and money into marketing. This saves them time on marketing so they can focus on other intensive aspects of their business like, scheduling contractors, pulling permits, managing projects, and re-listing the houses to sell. There is an opportunity cost of going around you. That would burn the bridge with you and now you would stop bringing them deals. Also it is important to build a relationship with your cash buyers by getting to know what their buying criteria is. In all of the years we've been wholesaling, we've never had a cash buyer go around us. Cheers! 🏠
@@RealEstateSkills Hello, thanks for answering this question. I actually had that question also! How do you know the property is a good deal to the cash buyer before getting it on contract? Is there any calculations for it?
@iknowyou6725 Wonderful follow up question. You want to take the time to talk with your cash buyer and get to know exactly what their buying criteria is. Not only that, but ask them how they calculate things and what factors they take into mind when looking at a deal. If you look at Step 3 in this video it will go over in more depth how to analyze the property! Cheers! 🏠
They would buy from anyone if it's a deal. You don't understand flipping process. (Good deals hard to find) a flipper can make 50k to 100k easy on good deal
@theincrediblejrizzz Here is our free ARV Calculator: ➡️ www.realestateskills.com/blog/arv-calculator/ We have a ton more resources within our Pro Wholesaler VIP Program to help assist you and your real estate investing goals! You should check out our free training here: ➡️ realestateskills.com/training?el=fwtyfwd Once you've had time to go through the training you can schedule a time to speak directly with our team and together we can help you get started with your real estate investing goals. 🙂 We look forward to hearing from you! 🏠
@theincrediblejrizzz Hey there! We will actually be giving our deal calculator away for the first time during our free workshop! Here is a link to sign up for our workshop: www.RealEstateSkills.com/workshop We look forward to seeing you there!
