Wholesaling Real Estate | Deal In A Day 

Facts

Michael Daniels II This is business. If they are squeamish about a direct question then they probably aren’t blast enough for the deal anyways

HossKirkland what on earth are you talking about???

Michael Daniels II. I knew as soon as he paused he was behind on his payments. lol...I think we all did.

He dont know, hes just excited about the truth in your statement and wanted to be apart of it.

It’s called open and closed probe questions

Right, crisp!

Yea. He has to get it cut like every other day. :)

Crispy in every single video!

so true, was thinking the same thing

Max Harden

Have you moved forward at all?

Quis B honestly, I did.

Anore Allen can you teach me also lol

mark light ...Did u get the deal?

Yes, Mark did you get the deal?

Yup

Jordan Stovall I said the same thing

“Wouldn’t be the first thing America stole” Yet dude said they play it in Peru under a diff name..take yo ass home. All cultures share 1000s of things

Lol, right, I said the game Sorry...

Definitely like Max I'm over here flipping and stuff...lol

Shante Meryl it's cuz he's tall

He shouldn’t be. In the Video They haven’t sold yet so even with everything said and done who knows if they make money. It’s a risk

they available online for free

Grapha Enterprise Media what is it called

@@Chasingbuildsnyc what do we look for

Y'all ever find it?

Did anyone find out how we can get a copy of the excel calculator Max used?

Make sure he white trust me. That wasn't on accident

Tom Ford ... he’s Peruvian.

James Siller it’s considered a lease option or seller finance where the seller will hold the note for four months while the rehab is taking place, he will receive a check at closing for the $16,500 because that’s what will lock in the purchase price. (Seller can’t say later he wants more) Max will sell the house at a later date and once sold the balance on the loan will be paid off and Max will make his $25k (the do on sale clause can come in to play once the first closing takes place) but I haven’t heard of it happening in ages. Hope that was helpful.

He did a [Subject To] exit strategy, meaning Max takes over the current mortgage payments for the time he going to be renovating the house (4 months). He pays the current home owner $16,500 at closing rather than purchasing the house for the full mortgage amount ($120k) + (the extra money the home owner wanted). So with [Subject To] Max's total investment roughly would be ($16,500 cash to owner) + (4*900 = $3,600 monthly mortgage payment) + ($25,000 repair cost) = about $45k. Now when he sells the house, he will be making roughly ($190k ARV) - ($120k initial mortgage balance - avg $1500 paid towards principle over 4 months = $118.5k) - (45k cash investment) - (maybe %5 closing cost for him = $9k) = Estimated $18k profit or more/less depending on his closing cost/repairs/ARV. So overall about %40-50 ROI. Hopefully this makes sense :)

LaShawn Thomas Yes, thanks so much! So the property is under contract for $16,500, but still in the seller’s name (mortgage, insurance, etc.) all while the rehab is going on. Once it’s done, the property is sold at the ARV? The seller gets 16.5, the balance on the mortgage is paid and Max gets his 25k.

@Ryan Mack That's why your the problem solver, everyone doesn't have credit or family members they can get help from hence the red flag of being behind on the taxes to begin with.

@Ryan Mack This is true but this is why he also says you have to have many tools in your tool belt. If you went into the negotiation closed minded and only was thinking about wholesaling then your "dead in the water". Sometimes people get over their heads some people make mistakes and need a bail out and you just happen to make a profit while helping them and everybody is happy.

TOITN what makes jay a scammer? His Tulsa project

Hey christina we are going to begin expanding in NYC so let me know maybe we can do some deals together. Im down here in FL but born in queens so definitely a dream of mine to invest back in my city :).

Shoot me an email chrissy777@gmail.com

Jose Duran we need that

For sure, you can tell that calculator is money

Yeah. I would like to have it myself. Do you have a price for it Max. Please send me a copy.

Quest Page Frfr lol 🤷🏽‍♂️

He skipped your post so that's a No😐

Don't need a license at all to be experienced or a great wholesaler/Investor. I know some of the best investors that run circles around any licensed agent, having a license is a bonus indeed.

@@M4PAT factz.. Im doing wholesaling now., yes i know no license is needed but since i started watching the videos i wondered how was his learning curve so fast n he was so familiar with the lingo and it was because he used to be a agent thats all... He still gives out great info

@@ElevationNationCONVERSATIONS yeah man definitely it's a bonus for him having that experience.