🏠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
Realy nice teaching videos. Thanks for sharing, encouraging, and giving hope. I watched a couple of your videos as I just discovered this nice channel. I also watched some videos from different people. I never get encouraged to go forward in this business even though it keeps attacking me, just because I didn't see, at least in my personal experience, anyone speaking about the areas or the neighborhoods where to look for distressed properties. There are more distressed houses in distressed neighborhoods that need renovation than anywhere else, but are investors looking for such investments? In other words, what other criteria to look for other than a distressed house? This is my biggest question. Now, if some investers are interested in such neighborhoods, how to determine the price to negotiate with the seller and the potential investor. Thank again
Hi Marwan! Thanks for watching, and great question! It's true that many distressed properties are in neighborhoods needing renovation, but not all investors target these areas. Many prefer neighborhoods showing growth potential, good schools, or nearby developments. Aside from a property's condition, investors also look at: Neighborhood potential: Is the area improving or being developed? Comps (Comparable Sales): What similar homes are selling for after renovation (ARV)? Investor Criteria: Find out your buyer's specific preferences (location, type, ARV range). To negotiate price, use this formula: Max Offer = ARV x 70% - Repair Costs For example, with a $200,000 ARV and $30,000 in repairs, the max offer would be $110,000. Hope this helps! Keep pushing forward!💙
@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. 🔥
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!
@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.
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! 🏡
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! 🏠
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: ua-cam.com/video/YzWGQJPKv6c/v-deo.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! 🏠👍
Hello, @iknowyou6725! I would check this section of this video out and then let us know if you have more questions. ua-cam.com/video/5g50aoOd_4k/v-deo.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!
Hi Sharron! Thank you for the awesome feedback! We're glad you enjoyed it! 😄 Stay tuned for more valuable content, and feel free to ask any questions you have. Cheers! 🎉
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! 🏠
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! 🏠
@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.
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.
Hi there! Thank you so much for the kind words! 😊💯 We're here to make real estate investing easier to understand and accessible to everyone. If you have any questions or need more tips, feel free to ask-happy to help! 🏡✨
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!
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!
@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: ua-cam.com/video/v4NSoTD3gLE/v-deo.html We think you will love it! 🙂 Cheers! 🏠
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]: ua-cam.com/video/J8jtA7f8vYE/v-deo.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: ua-cam.com/users/realestateskills 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! 🏠
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.
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!
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! 💙
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! 🏠👍
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.
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!
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: ua-cam.com/users/realestateskills We'll be coming out with more content on all things real estate! Cheers & Happy Wholesaling! 👍
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! 🏠
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!
@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.
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 Ryan! Great News! By popular demand, we've decided to release our deal calculator for FREE for all our UA-cam viewers. You can download yours by visiting: www.realestateskills.com/calculator Glad we could help and let us know of any other resources you may need. Cheers!
"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! 🏡
@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.
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!
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?
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! 😎
Hi there! Great point! While some investors prefer off-market deals, on-market properties can be a goldmine if you know how to navigate them. The MLS offers a consistent source of leads with motivated sellers already looking to make a deal. By building relationships with agents and leveraging tools like PropStream, you can find distressed properties and negotiate effectively. With the right approach, on-market deals can be just as profitable as off-market ones.
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! 🏠
@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!
@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!
@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
🏠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
FAST. Thank you so very much for posting content like this. This is so valuable for someone like me and I know so many others.
@Kanaka14369 Thanks for the comment! This is why we do it and stay tuned we're only getting started. 🚀
Hard to do a real estate wholesale deal much faster, especially without burning through marketing dollars, than using this strategy. Epic work team!
Thanks and we cannot agree more, @ryanzomorodi2810! 🚀
True, I got my first deal and I was able to find a investor in 15 days that flip a few local homes near the home I had in contract
@@Doitallday that's awesome, great job!
@@ryanzomorodi thank you
@Doitallday Wow great job taking action with what you've learned! 🙂
I appreciate the detailed explanations and real-life examples, thanks for sharing such valuable content!
Always good to see you in the comment section again, @Sosa-os1yz! We appreciate the feedback and we're glad you enjoyed the video. 🙂
Cheers! 🏠
Realy nice teaching videos. Thanks for sharing, encouraging, and giving hope.
I watched a couple of your videos as I just discovered this nice channel. I also watched some videos from different people. I never get encouraged to go forward in this business even though it keeps attacking me, just because I didn't see, at least in my personal experience, anyone speaking about the areas or the neighborhoods where to look for distressed properties.
There are more distressed houses in distressed neighborhoods that need renovation than anywhere else, but are investors looking for such investments? In other words, what other criteria to look for other than a distressed house?
This is my biggest question. Now, if some investers are interested in such neighborhoods, how to determine the price to negotiate with the seller and the potential investor.
Thank again
Hi Marwan!
Thanks for watching, and great question! It's true that many distressed properties are in neighborhoods needing renovation, but not all investors target these areas. Many prefer neighborhoods showing growth potential, good schools, or nearby developments.
Aside from a property's condition, investors also look at:
Neighborhood potential: Is the area improving or being developed?
Comps (Comparable Sales): What similar homes are selling for after renovation (ARV)?
Investor Criteria: Find out your buyer's specific preferences (location, type, ARV range).
To negotiate price, use this formula:
Max Offer = ARV x 70% - Repair Costs
For example, with a $200,000 ARV and $30,000 in repairs, the max offer would be $110,000.
Hope this helps! Keep pushing forward!💙
As always, this is solid information. Great training for my team.
Happy to help you and your team, @stang2873! 🚀
Cheers! 🏠
This has been the best info I have run across…
@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. 🔥
Well edit videos like this , make it much easier to understand the material.
Thank you, @osvaldoalcantaragonzalez8784! Our team appreciates the love. 🙂
Cheers! 🏠
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!
Thank you, @shadhickman9192! Our team works hard in order to make the best content possible for all of you so thanks for the love! 💙
do you have to have an LLC or S-Corp to do this? Can you sign as a sole prop instead of providing articles of organization?
@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.
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! 🏡
Thanks Alex for all the advise on UA-cam !! 🥺
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! 🏠
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: ua-cam.com/video/YzWGQJPKv6c/v-deo.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! 🏠👍
Hello! Can you do a step by step on how you calculate the ARV with the calculator on your website? Or is there a video you already did for that?
Hello, @iknowyou6725! I would check this section of this video out and then let us know if you have more questions.
ua-cam.com/video/5g50aoOd_4k/v-deo.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!
FAST! This was great ! Thank you Alex!!
Hi Sharron!
Thank you for the awesome feedback! We're glad you enjoyed it! 😄 Stay tuned for more valuable content, and feel free to ask any questions you have. Cheers! 🎉
Hey Alex, quick question I live in Denver Colorado. Do I need a real estate license to do wholesale?
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! 🏠
Alex did you do your first wholesale deal you mentioned on market with an agent?
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! 🏠
Does the agents contract allow you to assign the deal??
@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.
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! 🏠
Thank you! What about the title company? Do we use their choice or come to the deal with our own?
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.
Love the way you explain, I appreciate you😌😌💯
Hi there!
Thank you so much for the kind words! 😊💯 We're here to make real estate investing easier to understand and accessible to everyone. If you have any questions or need more tips, feel free to ask-happy to help! 🏡✨
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!
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!
How are you alex this is a Awesome video very informative ,, make more videos like this 👍🏻
@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: ua-cam.com/video/v4NSoTD3gLE/v-deo.html
We think you will love it! 🙂
Cheers! 🏠
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]: ua-cam.com/video/J8jtA7f8vYE/v-deo.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: ua-cam.com/users/realestateskills 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! 🏠
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.
Wow! 🙏🏾 Thanks
Hi Adè!
You're very welcome! 🙏🏾 We're glad you found the content helpful. Let us know if you have any more questions-we’re here to help!
Cheers!💙
Where do you get the contracts from?
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!
Does your time to sell the property reset if the buyer cancels the sale?
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! 💙
Thank you for that. They should definitely change that at some point in the future.
Is it possible to get this calculator?
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! 🏠👍
Good information from the pros. Do it
Hello again, @AlfredHJR! Thanks for popping in the comments. You're 100% right, take the information and turn it into action. Just do it!
When you have a listing agent to represent you as a buyer's agent, how do they get dual commission? The wholesaler has to pay the agent?
Hey Ricky - the Seller pays both the Listing Agent & the Buyer's Agent. That's how they get dual commission.
Cheers & Happy Wholesaling!
Fast! Thank you!
@erickdsaint7 You're very welcome! Thank you for the sub. 💙
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?
confused on this topic as well
@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.
Hey Alex! Love what you're doing. Where am I able to get that spreadsheet of the deal calculator? That is a really neat tool.
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!
@@RealEstateSkills Hey thanks for replying! I’m attending the webinar, so I’ll get it from there, thanks so mich
FAST! great video. Very detailed.
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: ua-cam.com/users/realestateskills
We'll be coming out with more content on all things real estate!
Cheers & Happy Wholesaling! 👍
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! 🏠
What about paying title companies
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!
Amazing!
Thank you, Paul! Hope it helps!
Got my call today 😊
@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.
Amazing!!!
@GuideGenius.1 Glad you liked the video! What was the biggest thing you took away from it?
how do I get that deal calculator?
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 Ryan! Great News! By popular demand, we've decided to release our deal calculator for FREE for all our UA-cam viewers. You can download yours by visiting: www.realestateskills.com/calculator
Glad we could help and let us know of any other resources you may need. Cheers!
"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! 🏡
Now, when we have an agent represent us, do We pay their commissions too? Or does the seller pay all of it?
@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.
@@RealEstateSkills and how would one go about including the commission into the price you would give to the buyer?
@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.
What about EMD?
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!
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?
@magcas421 Once you find your end buyer, you just amend the contract and assign it to your cash buyer.
Wonderful
@sharonceaser-wheeler3364 We're stoked you liked the video! What was your biggest take away? 🙂
Thank You
@MrIsrael_ You're very welcome! 😊
amazing content
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! 😎
❤❤❤gracias mijo❤❤
Hola!
De nada! 😊 ¡Aquí estoy para ayudar! Si tienes alguna pregunta o necesitas información sobre bienes raíces, no dudes en preguntar. ¡Saludos! 🏠💼
Most buyers hate on market properties
Hi there!
Great point! While some investors prefer off-market deals, on-market properties can be a goldmine if you know how to navigate them. The MLS offers a consistent source of leads with motivated sellers already looking to make a deal. By building relationships with agents and leveraging tools like PropStream, you can find distressed properties and negotiate effectively. With the right approach, on-market deals can be just as profitable as off-market ones.
What if you don’t have a business yet though?
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! 🏠
Can one get paid through crypto??
@jameselechi6209 This is not standard practice, but life is a negotiation so you can always ask.
Would I be able to get a copy of your deal spreadsheet?
@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!
Can I get the deal calculator sheet?
@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!
Tend*
👍
Why would a buyer buy from you instead of buying directly from the listing agent and saving a few $$$?
@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
@Quinten4M Good deals come up all the time and it's just a matter of being diligent and actively looking for that next deal. 🙂
FAST! 😀
@joanhaynes3797 🚀❤️
Fast!!
@zpat3 We appreciate the comment! 🙂
FAST
Thank for the comment, @shadhickman9192! We hope you use what you learned in this video to get your first wholesale deal asap! 🙂
Cheers! 🏠
FAST.
@edwardp9586 Thanks for the comment! What was your biggest take away from the video to help you get your first wholesale deal?
Fast
@Elwj12 We hope you use what you learned in this video to go get your 1st wholesale deal! 🚀
Cheers! 🏠
FAST
Thanks for the comment, @calu2429! What was your biggest take away from the video?
fast
💙
Fast
Thanks for the comment, @aleyabellydance2! 💙
FAST
🚀💙
Fast
@ExpectingTheKing Thanks for the comment! 🙂
FAST
@sethmontgomery6686 Thank you for the comment and I hope you feel ready to get that first wholesale deal! Thank you for the sub my friend! 💙
FAST
@AmusedBabyPenguin-rz8ex Glad you liked the video! 🙂
FAST
@tonycoss Thank you for the comment! Make sure to sub so you don't miss out on future nuggets just like this! 🙂