What Do You Want For The House? 🏠 | Wholesaling Real Estate
May 09, 2023
The most important part is not the house itself. It's always about the seller, their particular problem or issue or distress. We would like to get their price if they can tell us the price, because that's the ultimate goal, you know. What do you want for the House?
It All Starts With Your Conversation! 💭 | Wholesaling Real Estate
May 08, 2023
So getting their motivation is always the most important thing that you can do no matter what. You know, what we can do as far as how much we can buy it for, because we always have to think about the end in mind. Like our goal is to wholesale this property. So what can we potentially wholesale this deal for, you know, in the end? So it all it all starts with your conversation. Okay.
How to Negotiate with Sellers? 🤔 | Wholesaling Real Estate
May 07, 2023
How to negotiate with sellers specifically is how you trust what they're saying. But then you always back that up with confirmation. What what brought them to this point to where they're calling us or they're actually listen to us because we call them what is behind their motivation? What type of distress are they going through at the moment? What can we do for them? How can we fix their problem?
How To Purchase A List? 🤷♂️ | Wholesaling Real Estate
May 06, 2023
So then you go to either say the criteria and you can name it, or you can just straight purchase the list at that point. So once you do that, it's going to give you the price breakdown and everything else. $180 is what this shows on me. So I would just simply continue to check out.
How To Looking for Absentee Owned? 👀 | Wholesaling Real Estate
May 05, 2023
So we did geography, the property tab and the options tab. Okay, so now we're looking for absentee owned. So you want to click that. Now this is already automatically checked, include properties with in-state owners, include property with out-of-state owners. Now our list is 6900. It's notice that.
Property Type Demonstration! 🙋♂️ | Wholesaling Real Estate
May 04, 2023
Now property type is a is a big one for this demonstration. Obviously, we want residential single family. So we want to add that I always choose at least four duplex and the triplex and we want quads. So we've got all of those selected.
How to Calculate Equity Year Build? 📅 | Wholesaling Real Estate
May 03, 2023
So after equity we want to choose to do year built. We want something at least 20 years old, 2000, you know, as the newest that we would work basically. So we know at least 20 years old. As you can see, the numbers change over here. Now we're down to 54,000. Okay, you're built.
How to Calculate Equity Percentage? 🤔 | Wholesaling Real Estate
May 02, 2023
Now what you want to do is go to property. Once you get on the property, you're going to select this dropdown again under select criteria equity percentage, because obviously when you're wholesaling, we have to have equity in a property if you're doing a traditional wholesale. So let's just go ahead and choose. So we basically have between 51 all the way to 100% equity. Okay, we added all those there on the right side. That means these are the ones that are selected.
How to Search Our Criteria? 🔍 | Wholesaling Real Estate
April 30, 2023
So once you are logged in, the very first thing you want to do is create your own. Okay. So once you go to create your own, it's going to bring up this geography tab. So first, we're going to search our criteria. You want to start your list with either a city, a county, or a zip code. Let's just start with City, Florida. Okay. All right. So there's Tampa, Florida, right there. So after you highlight Tampa, Florida, you click ADD and obviously it moves it over to the right side. As you can see, our county is 139,760 records. Obviously, that's a ton of records.
How to Pull a List and Absentee List? 📄 | Wholesaling Real Estate
April 29, 2023
Step by step how to pull a list and absentee list from this source. Okay. So I'm going to go through this step by step. So the first thing you got to do is if you don't already have an account, you need to get an account. So you go to list source dot com that I'm actually going to bring you to this home page right here. It is a free account that you can just sign up for. If you already have one simply log in.
You Can Be In That Ballpark! ✅ | Wholesaling Real Estate
April 28, 2023
Analyze the deal in 30 seconds. Type in the address. Search it in Google. Click on Zillow. Click on Redfin. Click on Realtor.com. Average those. Split that in half. That's what you know, you can kind of be in that ballpark.
We Don't Want to Miss a Solid Hot Lead! 🙅♂️ | Wholesaling Real Estate
April 27, 2023
Sometimes you don't get second chances, so you've got to take the opportunity when you get it. Make sure that you have the conversation while you have it. You know, that's part of it. If you're kind of a one man band, which a lot of wholesalers are, when they start out, especially somebody is going to answer that phone because the goal is answer the phone call live because we don't want to miss a solid hot lead.
Are You in The Same Ballpark or Not? 🤔 | Wholesaling Real Estate
April 26, 2023
You have to get good at quickly analyzing something just so you know, you're in the same ballpark or not, then you can always call back or deep dive when you're when you feel like you're close, you know, at a glance. If they're telling you 70 and at a glance, it looks like you can pay in the $60,000 range, then you know that you're in the same ballpark. And at that point you can have a deeper conversation.
Don't Waste Your Time Deep Diving!! 🚫 | Wholesaling Real Estate
April 24, 2023
Don't waste your time deep diving into every property because you know, when you're getting leads every hour coming into your CRM, you know, we have other things to do and not to mention follow up. So on average, you know, we're bringing in 60 to 70 leads. No one has time to analyze every single deal, you know, for 30 minutes to an hour.
Zillow is Fairly Accurate!! 💯 | Wholesaling Real Estate
April 23, 2023
We really base a lot of what we do on Zillow and it works. I mean, we do tons of deals all the time. Zillow is fairly accurate. It's at least accurate enough to make offers, you know, and and go from there, you know, because that's kind of what we do.
Do a Deeper Dive!! 👀 | Wholesaling Real Estate
April 22, 2023
You know, you can have the conversation with that piece of mind. Just say, hey, I'm actually out with my family right now. I've got all your information. Let me get back to you. It definitely sounds like we're in the same ballpark, potentially. Let me look at a little bit closer, do a deeper dive into it so I can really give you a true cash offer so later you can actually go back in there, analyze it.
It's Very Easy!! 👍| Wholesaling Real Estate
April 21, 2023
It's super simple. Just put them on speakerphone. Google the address. Click the Zillow League. Okay, there's that. The estimate is $120,000. Hit the back on your browser and then click the Redfin button. Okay. $129,000. Hit the realtor button and $118,000. Okay, so you're at $118,000, $120,000 $129,000. Whatever I said averages those 3 $125,000.
How To Analyze a Deal Over The Phone? 📱| Wholesaling Real Estate
April 20, 2023
The way you can analyze a deal over the phone, obviously, if you can't be at your computer. So, you know, you're talking on the phone, you can definitely put it on speaker. Ask them the address, type it into Google. Obviously, Google is going to pop up that address. You can click on one of those websites just to kind of look at it real quick at a glance. Most of the time we base our purchases off of the Zillow price.
Analyze a Deal in 30 Seconds or Less!! ⏱| Wholesaling Real Estate
April 19, 2023
How you can analyze a deal in 30 seconds or less. You had a seller calling you on a weekend and you're not necessarily in front of your computer or anywhere where you can try to access. You go through the whole, you know, conversation over the phone. Definitely possible to analyze a deal quickly in 30 seconds or less.
Contractors Can Drive You NUTS!! 🥴| Wholesaling Real Estate
April 18, 2023
Contractors can drive you nuts. That's a bad part is because I don't really flip wholesale in my game, but I do flips, so I am managing these projects myself. So I definitely recommend if you do get in the flips ever, definitely do a little contract of some sort. It doesn't have to be fancy. Just write everything out that you agree on. Contractors can drive you nuts. That's a bad part is because I don't really flip wholesale in my game, but I do flips, so I am managing these projects myself. So I definitely recommend if you do get in the flips ever, definitely do a little contract of some sort. It doesn't have to be fancy. Just write everything out that you agree on Write the price the day both of you sign it.
This Mobile Home Really Sucks! 😫| Wholesaling Real Estate
April 17, 2023
I've got this house that we're doing and we're fixing it up and flipping it, obviously. So this contractor has done four other flips for me already. So the first two flips he did was really awesome. The second one, we walked it together, told him everything that I needed and wanted. We agreed on a price, but then we got to the third project. This project was terrible. I mean, it was really bad, but this particular mobile home really sucks.
Where Were That Cash Come From? 💵| Wholesaling Real Estate
April 16, 2023
You know, the wholesaling work funds, my rentals and the remodeling on the rentals and the remodeling on the flips because it wasn't for a wholesaling. You know, where were that cash come from? Because typically banks will just give you the loan or hard money will just give you the loan for, you know, the your purchase price. So you're pretty much funding, like at least for what we do, we pretty much fund all the repairs, you know, just out of our pocket.
Big Cheques That Get Constantly! 🤑| Wholesaling Real Estate
April 15, 2023
Even if I get a thousand rentals and we're we wind up scaling enough flipping, I still always see wholesaling being a big part of my business because I love that monthly cash flow that it brings just the big HCM cheques that you get constantly.
Wholesale In Any Market 📈| Wholesaling Real Estate
April 14, 2023
Can you pivot with the market and buy a little higher so you can sell a little higher? At the same time, when the market does turn and correct. Be ready to buy even deeper because you're going out to sell a little bit lower than you normally have. So that's really the key. And also and you can wholesale in in any market, no matter what the market is doing.
I'll Never Stop It! 🙅♂️ | Wholesaling Real Estate
April 12, 2023
Also you can do any time you just buy differently. Let's say you buy differently and you saw too, and buyers a little differently. So anyways, that's kind of my two sense can also insert some time. Yes, because it is a hustle. It's always changing. You always got to be on top of your game, but can be really rewarding. Absolutely. That's exactly why I do it. And then I'll never stop it.
It's All About Your ROI! 👈 | Wholesaling Real Estate
April 09, 2023
We do every marketing channel pretty much. So we definitely spend the money and that can suck sometimes when you're used to getting, you know, a certain amount of return on different marketing channels. It sucks when those when those go down a little bit, but at the end of the day, it's all about your ROI. Is it still working or are you still making money? Is it still worth it?
Wholesaling Can Suck! 😫 | Wholesaling Real Estate
April 08, 2023
Wholesaling can suck, you know, if you if you don't know what you're doing, if you haven't researched your local market, it can definitely suck. It can suck in the marketing. You know, as far as like what you're doing. And if you don't have a lot of money, maybe it's it sucks even more because you're throwing this on this money out there and it's not coming back as much as it was.
Be On Top Of Your Game! 🏆 | Wholesaling Real Estate
April 07, 2023
Keep that in mind when you are doing deals. Analyze them a little bit closer. Maybe you can pay just a little bit more than you normally would like to pay, but you can probably ask a little bit more than you normally would ask. You're really good at what you do and you know your market really well, but you just have to be careful, you know, when you're wholesaling. You always got to be on top of your game.
Is Wholesaling Difficult For Everyone 🙄 | Wholesaling Real Estate
April 06, 2023
Sometimes I can take that down as a flip or wholetale you know, So it might make sense to do those things. And if you don't know what those are. You know, I've talked about some of those in other videos just wholesaling in general, you know, right now is this it seems difficult for everyone. I know a lot of my competitors and some of the markets that we're in seem to be, you know, having a little more trouble.
Is Wholesaling Really Sucks? 🤔 | Wholesaling Real Estate
April 05, 2023
Sometimes, wholesaling is sucks because like my acquisitions, sometimes there they can get frustrated because they're still getting good lead flow. But it's way harder to get a deal because it seems like more and more sellers are just kind of asking a little bit higher than we can really pay to make it make sense as a wholesale.
It's A Lot To Take In! 💁♂️ | Wholesaling Real Estate
April 03, 2023
Even when you have it as a business and you've got people working for you and it's running smoothly, there's still serve sometimes. I mean, you're dealing with sellers, dealing with buyers, dealing with marketing, you're dealing with title companies, you're dealing with title issues. I mean, it's a lot to take in, right?
Wholesaling is So Hard 😩 | Wholesaling Real Estate
March 31, 2023
So maybe that was a little overdramatic, but it's true. Wholesaling is so hard and so difficult sometimes it just makes you want to pull your hair out, which as you know, I don't really have any. But if there were some, I just definitely want to pull it out sometimes because wholesaling is hard. I mean, the concept is so simple, but man, it's a grind. It's really hard.
How To Find A Best Real Estate Attorney 🔍 | Wholesaling Real Estate
March 30, 2023
Real estate attorney is important. You definitely need one on your side in whatever area that you're working in, in the way you can find one is just like anything else. Get a real estate selling or investor Facebook groups and asked you know and people are willing to tell you typically so that's how you really find the best one. Go to the yellow pages or don't Google search it or anything like that. Just ask those local, local investors and they're going to tell you of.
Do You Need A Quiet Title? 🧑⚖️ | Wholesaling Real Estate
March 29, 2023
Probably an attorney is important, just a real estate attorney in general, because usually if you have a real estate attorney, they're going to be able to do quiet titles as well. So the reason you need a quiet title occasionally, like when a house is bought at an auction, when you buy those probate issue, if you can't find the proper heirs and that kind of thing.
Find The Right One! 🙋♂️ | Wholesaling Real Estate
March 28, 2023
Your seller is in a bind, and your whole job as a wholesaler is to have a solution. So now are you a solution to buy their house? But you can't buy their house if it needs to go through probate. So that's why you need a probate attorney to refer them to you. And if you find the right one, they are willing to get paid at close.
You Can Never Sell The House! 🚫 | Wholesaling Real Estate
March 26, 2023
Let's just say there's a seller that has a house and then maybe they inherited their house, their parent or whoever handed it down to them or left it to them. And their will didn't necessarily. A lot of times they don't do the paperwork correctly. But the son can never sell the house because it never went through probate.
We Need Appropriate Attorney! 👈 | Wholesaling Real Estate
March 25, 2023
Going to need quiet titles on occasion. You're going to need probate done on occasion. And I would say a lot of times, you know, a lot of the deals that we do, you know, we need appropriate attorney, you know, not necessarily that we need it, but our sellers need it.
Find A Local Real Estate Attorney! 👩⚖️ | Wholesaling Real Estate
March 24, 2023
I met a real estate attorney in some of these meetups, and that was a game changer for me, because wherever you decide to wholesale, you know, if it's in your backyard or it's virtual, you've got to find a local real estate attorney that really knows the game well.
Get a Tax Delinquent List for Any County! 👍 | Wholesaling Real Estate
March 23, 2023
So keep in mind, when you get that list, you got to scrub it, narrow down the way you need to make a video of it so you can actually have a video it because it'll literally take you probably 8 to 10 hours to get this list really the way you want it. So you can spend your time on the phone or trying to talk to the sellers rather than appearing in your lesson scrubbing that. So that's just a tip that I would recommend for sure. Anyways. So that's typically how you can get a Tax Delinquent List for any county.
No Equity! No Deal! 😱 | Wholesaling Real Estate
March 22, 2023
The whole key in wholesaling is they have to have equity or you're not going to have to make a deal either because you got to have enough spread for the buyer and for the repairs and for your assignment fee. So if there's no equity, there's probably no deal. Like I said, unless you do some kind of creative financing, but just strictly regular wholesale deal, it's really good to know that these people are tax delinquent, that not only do they need our help so we can solve their problem by taking the property off their hands.
Make Sure You Have These In Your List! ✊ | Wholesaling Real Estate
March 21, 2023
Now, keep in mind I did get the email, but if you've never gotten this list before, keep in mind you got to do a lot of scrubbing if you want to call it that. You want to make sure you have the seller's name right, the homeowner's name, the tax delinquent. You want to make sure you have the property address that is delinquent, but you also want to make sure you have their mailing address.
How To Get Tax Delinquent Lists 🤑 | Wholesaling Real Estate
March 20, 2023
How To Get Tax Delinquent Lists? So do you want to get that from your local county if possible. Okay, so do a quick Google search. Find that tax assessor website, and then give them a call. Okay. You can also copy down the email if you're if you're able to find one. If they have one on their site, call them and just tell them explain them exactly what you want.
Boots On The Ground Is Definitely Not Hard! 👈 | Wholesaling Real Estate
March 19, 2023
Boots on the ground is definitely not hard. Don't overthink it. I think a lot of times people in this business just overthink everything and try to make everything difficult. It's really a simple business, so keep it simple. Don't overcomplicate things. I mean, the point is just stay consistent on everything in the business and do all those things consistently and often.
Best Website To Find Realtors! 💁♂️ | Wholesaling Real Estate
March 17, 2023
But if you have a deal in a major metro area anywhere in the U.S., there's a website called BPOphotoflow.com. So it's a BPOphotoflow.com. So that website is awesome. It's local realtors that are just hungry, no interest in it at all. That's just their job. They just know it's their Side Hustle is really what it is.
Get Ton Of Replies! 👍 | Wholesaling Real Estate
March 16, 2023
You can actually do a Craigslist ad or a Facebook marketplace ad just saying who’s looking to make $50 for 30 minutes of work or something like that, something enticing that could be a post on a buy sell trade group for that area. And you're going to get a ton of replies, I promise.
Get Boots On The Ground! 🤔 | Wholesaling Real Estate
March 15, 2023
Virtual wholesaling in particular, but how do you get boots on the ground in your local market? So there's a couple of different ways you can go about this. One way is to join a Facebook group local to that area. The specific ones like wholesaling real estate or real estate investors and then your city.
Consistent Yourself! | 💪 | Wholesaling Real Estate
March 14, 2023
When you take massive, insistent action every day, and then after you master that action that you're doing on whatever part of your business you're doing, that's when you can start hiring. And actually delegate those things to other people. But before then, you can't delegate that if you know how to do yourself. And if you're not consistent yourself, because how can you coach and teach that to your employees if you don't know how to do it yourself?