Posted in Wholesaling Houses, Wholesaling Real Estate on 07. Feb, 2012
Win-Win Win in negotiation but always make the seller feel like he’s won. This is the basis of all techniques we will discuss. Always make this top priority to insure you relationship with the other party stays in good standing and they feel good about you. When you make the seller’s ego feel good they [...]
Posted in Rehabbing Houses, Wholesaling Houses on 28. Jan, 2012
When you wholesale a property, you assign your right to purchase it (your “purchase contract”) to someone else. This has many, many advantages. First, you don’t have to wait three months or six months for the rehab to be completed before you can realize a profit. This is hugely important to cash flow; it allows [...]
Posted in Wholesaling Houses, Wholesaling Real Estate on 22. Jan, 2012
It’s important not to over price or under price your wholesale deals. If you under price you cut yourself short on extra profit you could have made, if you over price the deal doesn’t sell. There is a very fine line on how to price your wholesale deals. It takes practice and you’ll get better [...]
Posted in Wholesaling Houses, Wholesaling Real Estate on 08. Jan, 2012
When wholesaling houses you must learn the absolutely best negotiation strategy: Win in negotiation but always make the seller feel like he’s won. Master this rule of thumb as a real estate wholesaler you will have a huge edge up on your competition. This is the basis of all negotiation techniques. Always make this top [...]
Posted in Real Estate Investing, Wholesaling Houses on 04. Jan, 2012
I’m always on the lookout for cool stuff in the houses we go through. My years of experience has taught me that you never know what you’re going to find. Although my main goal is to build a relationship with the seller, negotiate a rock bottom price, and get paid – I can’t help keeping [...]
Posted in Real Estate Investing, Wholesaling Houses on 02. Jan, 2012
Wholesaling real estate properties is similar to house flipping. Flipping houses involves purchasing real estate well below market value, fixing it up and selling it for profit. With wholesaling, investors assume the mortgage note under contract and sell the property “as-is.” The new owner purchases the property for less than “after-repair” value and rehabs the [...]
Posted in Real Estate Investing, Wholesaling Houses, Wholesaling Real Estate on 23. Dec, 2011
Becoming an expert at estimating repair costs takes time, but one of the most valuable skills you can learn as a real estate investor when wholesaling property. In wholesaling homes you won’t have to be as accurate as when you’re rehabbing houses. Either way you’ll need to estimate the repair costs of the property to [...]
Posted in Real Estate Investing, Rehabbing Houses, Wholesaling Houses on 21. Dec, 2011
Jen & I just returned from an amazing month long trip to San Diego. We visited the USS Midway, beautiful parks along the coast line, a ton of Yoga Studios, and some amazing restaurants. Our apartment was right on the bay and it was absolute heaven. We’re in Puerta Vallarta Mexico until the end of [...]
Posted in Real Estate Investing, Rehabbing Houses, Wholesaling Houses on 11. Dec, 2011
We bought this house and land (1.2 acres) to do a development project. We planned to develop the site and build a high rise of 44 units. We then changed this to 15 townhomes. Eventually we were forced to rehab the 3,300 sq ft house that was on the site that was built in 1894. [...]
Posted in Real Estate Investing, Wholesaling Houses on 25. Nov, 2011
If you are considering real estate wholesaling, then you undoubtedly have already heard of the advantages. This is why you are considering the opportunity. However, there are a few disadvantages you should be aware of as well. One, when buying the real estate, you must have an idea of the condition of the property. This [...]
