I’m a real estate agent and don’t do dual agency (when you represent both buyer & seller). An agent that doesn’t practice dual agency can still double side a deal if the buyer (in this case the investor) represents themself in the transaction. Instead of offering an agent to represent you too I would tell the agent you will be representing yourself in the transaction and there will not be a cooperative fee owed to a buyers agent if your offer is accepted.
hello this is my first deal/s & Im dealing with an agent ( out of state ) & she asked me " will the end purchaser still use her to close the transaction ? " ( do they? ) how do I respond to that. she's aware I will be assigning the deal & she's cool with it. she asked cause her commission will be locked in to the sale price from the seller. I said I would be glad to give her a commission out of my pay on top of what she gets from the seller. so I can deal with her in the future. thank you in advance for any & all help.
i actually am close to getting my license and I'm gonna work for kw to could we stay in touch id love to learn from you and perhaps one day be partners
Saw a deal on Zillow and i'm going to apply everything that I have learned from here to hopefully get this contract. I will let you guys know how it goes. Thanks Lili for all the great info.
Lili....this is a great, truthful video full of advice that the Realtor community will applaud! However, just so you know, there is no standard 6% commission built into the deal. Many times when we help our clients with distressed properties, the commissions are negotiated lower (sometimes significantly) in order to help the seller in this very stressful situation.
I have spent all day watching your wholesaling videos and I have learned sooooo much!!! Omg! You are amazing! People are out here charging $5000 for a few videos and you are dropping gems for free. Thank you!
This is my thing she not just dropping she is actually teaching and showing us how to do and what and she a millionaire okay that speaks volumes of this young lady😊 respectfully speaking
Girl you are a beast. Awesome video! Your energy and confidence just makes it so much easier to understand and actually make me confident enough to go for it! 🙌
Good Morning Lili! You are right on time. I told myself I would jump out there and make calls today . Aaaaand then you posted this video!!! Thank you for your help as I navigate through this process. May GOD continue blessing you and your journey :)
Is there a video where you actually discuss the process of assigning an on market contract to a cash buyer? I'm curious to know the other end of the process when dealing with an agent and where their commission comes from and how it's calculated into the offer. Thanks!
You are the best you are easy to listen to and understand your awesome and I am grateful to have found you and your doing this for free YOUR A BLESSING TO ME 😊🎉 THANK YOU so much lili
Lili, can you reference what the contract looks like when having a realtor represent you? Wondering what's the difference from the standard contract i would use for direct to seller.
JOIN any local real estate investors club, for cheap. Your conscience will be clear about saying you work with investors, because now you do, maybe, as needed, if you need a few. Be not intimidated. Those clubs mostly are designed to help newbies.
found your channel thru my analysis paralysis wholesale watching sprees and you're amazing. wishing you so much success thank you for all this free game!
Thank you for this video! Sorry. This is one of the best videos and channels i have ever seen! Better than some of rhe top people on youtube doing wholesaling. I am amazed...I immediately purchased the bundle and I dont purchase anything because I am skeptical. I have debated wholesaling for a king time but I was always confused on how to get started and do it. I'm sitting across the street from a home that has been vacant for a while and going up for freclose and I had no idea how to get it. I tried skip tracing and that was a dead end. Smh. I think I can do it now! I will be back to update! Thanks again!! Just made me a youtube folder: Wholesaling with Lili! Forget EVERYONE else I am focusing on your channel only right now!
FREE PHONE GUIDE: www.liliinvests.com/phone-scripts-for-agents FREE OFFER SHEET TEMPLATE: www.liliinvests.com/offer-sheet-template HOW CAN I BEST HELP YOU GET YOUR FIRST DEAL?: www.liliinvests.com/survey WORK WITH ME 1-on-1: calendly.com/lilithompson WATCH THESE: Wholesaling My First Deal Playlist: ua-cam.com/users/playlist?list... 3 Investing Strategies for Beginners: ua-cam.com/video/OQyDkTQKZo0/v-deo.html How to Determine Your Offer Price: ua-cam.com/video/xakenqJ9rP0/v-deo.html
Lili, your videos are great! Quality information delivered sincerely. Keep it up, 50k subs right around the corner. I don't usually comment on ANYTHING, but I wanna show my appreciation for your efforts.
I'm only 2/3rds the way through this video, but it's by far the best video I've seen on wholesaling since I found out about this strategy two days ago (I've been nonstop consuming educational content for the past few days). Well done! Subscribed, liked, and eager to watch more of your content
Hey Lili thank you so much for all your content. I’m currently in the process of talking with an agent in regards to a property which is priced really well in my area. I’m new to this and just giving my 100% even if I’m not too sure on a lot of the terms. I told her because it was priced really well that I can do an offer sight unseen. She’s asking if I’m going to by pass the inspection as well. Im stuck at that part???? What do I say.
I always laugh when its my first time on a video/channel and I like snd subscribe 10 words in. I just realize how passionate I am about the subject! Thanks for this
OMG! Your content is really thorough. The nuggets of information that you are sharing are fire🔥 Great job and keep it up. Time to look at some more houses. 😀
Love your video. I’ve been running into the agents asking for POV, and asking ‘who is the buy’. How do I work around that? I was taught like you said, get the house on contract before reaching out to buyers. Finding videos that contradict each other.
Hello Lili, Happy New Year! Much continued success, wealth, and happiness! Hope this finds you well! I've been watching you quite a bit on youtube and have seen how you have grown, and matured in the business, and I'm truly impressed! Congratulations on all your success! I also noticed that you mentioned you have your own specific clause entered in the agreement of sale when dealing with a realtors, is it possible I can have the agreement of sale which you use when dealing with realtors please? I would greatly appreciate it! Thanks, Stephen
Learning so much from you its unbelievable. Thanks for everything you're doing. I want to ask what do I say or do when the listing agent brings up proof of funds?
Thanks so much for watching, I'm trying to make the best content out there for beginners ! Definitely join me tonight on IG live and I'll talk to you about things you can say and how you can handle that. I'll be on every Wednesday at 7pm central (instagram.com/liliinvests)
Would love to see an example of the script for talking to agents also the language that your lawyer suggested, only asking because the link never popped up. Lili you have become a beast in the real estate business, Awesome work.
Portray seasoned investor if your not. Ask listing agent do they works with investors . All our deals are submitted (1) listing agent. Example unexperienced agents.1st said wholesaling was illegal, 2nd we were not end buyer assigning property. Move on! Screen agents...…. Highly recommend Lili's book camp! New /seasoned investor's ALWAYS use title company, knowledgeable, wholesaling and assignments.
Do you have to make a contract with the agent about the percentage that they will make? If so, is there a separate contract that you would have to make?
We have now become a big fan of your channel ! We even used some of your videos for reference when we are training our new team members ! Our founder has even mentioned you in our new video we are posting next week ! Great job and good work !
Hello! Once under contract how exactly would you wholesale it to an investor. (An assignment contract I know,) but is there any thing you would need to include that since the negotiation was through a real estate agent? How does my assignment contract connect the seller/agents contract? Hope this makes sense. Thanks
If you plan on using an FHA loan does the time you're using to rehab a property factor in to the minimum one year of living at the property? Am I able to keep my apartment in the meantime? Your and Paul McComas' videos have really inspired me to change my life! I'm learning as I go and it's a lot to take in, but I've already been contacting agents and making moves.
So with the 6%, 3 percent is being paid from the sellers fund while the other 3 is being paid by you correct? Is it 3% of the total cost the buyer will pay or is it 3% of the assignment fee?
Hi Lili. Great Video! Got a quick question for you..........Do you have a harder time finding a Cash Buyer for properties you have under contract with an Agent? Also, do you have a video on how you find a Cash Buyer for deals you have locked up with an Agent and how you approach that with that buyer?
There’s pros and cons to both off and on markets is what I’m learning about wholesaling, I’m also learning to just take action what do you got to lose ?!
I find using agents is usually a dead end.Most agents I have dealt with can only focus on the commission. They just don’t seem to look at the long haul. This is just been my experience, but I am always willing to learn different techniques to make it happen. Thank you
How exactly do you get the agent to put the offer sheet in the contract do you tell them everything over the phone or do you email them the sheet and say I need you to put what’s on the sheet in the contract?
I have a few questions 1: that your paying cash and she thinks she’s getting cash how do you tell her your flipping it with a contract 2: how do you get a contractor under contract in supplying your build and put them back do you have a video on that?
So do they write up all the contracts for us since there on market and real estate agents ? As in the purchase and sales agreement and assignment agreement contract do they write up both since there representing both us and the seller ?
Hey Lili could you please make a video about making an offer and actually submitting one. I thought this whole time it was something you did verbally but I found out it was something on paper you actually turn in.
LilI i have a question, After i get the contract signed and everything. does the agent take the contract to escrow? or do i? and if so how do i add my wholesale fee into the contract without the agent knowing? how would i write that? and how do i write it to the point that it subtracts from what the buyer is actually going to buy it for minus my assignment fee and sellers actual money?
Great Video! I love this concept. My question is , what type of contracts are involved when i deal with an agent. How does the 6% agreement go as well, contractually speaking? Thats where im confused. Somebody help me please, ideally lili 🙏🏾
Great video and channel! I’m just trying to figure out why you asked the agent for CMA when you can just get it on PropStream in like 20 seconds? * Edit * OK. You told her later in the call that you’ll cross-reference with your own research. That’s a slick credibility tactic!
How do you show the property to perspective Cashbuyers? Particularly if you’re an out of state investor. This question is what’s been keeping me on the sideline when it comes to wholesaling on the MLS… Great video. I often refer people to your channel who’s interested in learning.
Hey Lili! I’ve spoken with a couple of agents who have declined the “double dip” offer and stated I’d have to find my own representation.. some don’t even return calls lol. How do I go about dealing with this? 🥴
That sounds good to offer also an additional 3% but I can see how that would be conflict of interest for the agent bc they have to remain ethical on both sides and they can be hard when it comes to investors bc they want a low ball offer but the seller want a higher return. That's just my take on it but I'm still learning
Hi Paris, I'm an agent and have listed investment properties. My brokerage doesn't allow me to represent both sides (dual agency), so I have either suggested the buyer find an agent to submit the offer or I can refer them to a different agent on my team. I would suggest partnering with an agent on the buy side. You don't pay their commission, they can negotiate best deal on your behalf, and it will help avoid delays in presenting offers for you ongoing. :)
@@kristycoleman9272 Factually Dual Agency is currently illegal in only 8 states. They are Alaska, Colorado, Florida, Kansas, Maryland, Oklahoma, Texas and Vermont. If you live in these 8 states, dual agency is illegal. You are correct. But Dual Agency is not illegal in all of the other remaining United States.
hello this is my first deal/s & Im dealing with an agent ( out of state ) & she asked me " will the end purchaser still use her to close the transaction ? " ( do they? ) how do I respond to that. she's aware I will be assigning the deal & she's cool with it. she asked cause her commission will be locked in to the sale price from the seller. I said I would be glad to give her a commission out of my pay on top of what she gets from the seller. so I can deal with her in the future. thank you in advance for any & all help.
just saw this video and went out and saw a fixer listed in Los Angeles that i want to try and wholesale it but a little nervous since the amount of its present value is so large. ( 1mil and change.)The arv is 1,450,000. been on the market for a few months. i could use some help on this one. Hopefully i get a response from you Lili on this. Thanks
Here is an excerpt from a facebook conversation that I had with a potential cash buyer for larger properties. I never heard you mention NDA/NC agreement, but I did hear you say another investor backdoored you to steal a deal. So how can you approach people knowledgeable about the wholesale business or even the bird dog type of person with something so absurd as a $100k car? 99% of us aren't interested in this kind of asset..Itz a nice attention getter though.. Do you also include a NDA/NC agreement. People will dare to bump you out of the way and not pay you and dare you to do something about it.. In Chicago where I grew up it was known that everyone who comes correct deserves respect and no one is too BIG to get dealt with for disrespect...IJS Letz be real about it.. If you mentioned it in the training, what episode is it in? Which one do you use now? His Answer: Al, got your attention didn't it? And yes, send me the NDA. Although in the link, you can provide non confidential info first, and if it's something that makes sense and i am interested in, I will let you know so I can sign an NDA to get more details so I can submit an offer
GM. 1 thank you for all the Info you post. 2 this is my first deal & I am dealing with a out of state agent who knows I will be assigning the deal and is ok with it. they want to know if the end buyer will be using them to close. how do I answer that & how do I assure that that buyer will be closing with them.
![The Perfect BRRRR Deal [$63,369.76 Check at Closing!]](/img/n.gif)
I’m a real estate agent and don’t do dual agency (when you represent both buyer & seller). An agent that doesn’t practice dual agency can still double side a deal if the buyer (in this case the investor) represents themself in the transaction. Instead of offering an agent to represent you too I would tell the agent you will be representing yourself in the transaction and there will not be a cooperative fee owed to a buyers agent if your offer is accepted.
hello this is my first deal/s & Im dealing with an agent ( out of state ) & she asked me " will the end purchaser still use her to close the transaction ? " ( do they? ) how do I respond to that. she's aware I will be assigning the deal & she's cool with it. she asked cause her commission will be locked in to the sale price from the seller. I said I would be glad to give her a commission out of my pay on top of what she gets from the seller. so I can deal with her in the future. thank you in advance for any & all help.
@@pumcorn8681 how did it go? i want to try my 1st hometoday
I didn't understand what you meant, can you simplify it plz
i actually am close to getting my license and I'm gonna work for kw to could we stay in touch id love to learn from you and perhaps one day be partners
So that agent gets that 3%- or no? How can I incentivize agents ( to contact me first) that do not do dual agency?
Great Video, Your assignment clause was spot on. I've done this for 13 years and you're teaching some good stuff.
Saw a deal on Zillow and i'm going to apply everything that I have learned from here to hopefully get this contract. I will let you guys know how it goes. Thanks Lili for all the great info.
How's it going so far?
I’m guessing you didn’t get the contract ?
@@jahthegiant7825 So negative....smh
How's it going? Was you able to apply what've you learned?
Give us an update man💪💪
Already closed a few deals, yet I’m still sharping my skills & taking notes‼️
Do you wanna JV?
Awesome video, I have wholesaled a few houses on the MLS this information is 100% accurate, awesome information keep going LILI
Awesome! Thank you!
I was told I needed a specific contract to wholesale on market properties is that true?
@@theforrestrobway1906 same question for myself
This Realtor told me yesterday 😂I couldn’t wholesale properties on the mls
@@denajahthomas7407 🤔 hmm
Your channels gonna grow so quick, and i can't wait to see it. Another awesome video!
I really appreciate that :)
I agree!
Deftly I love her already
I just got hip....🔥🔥🔥🔥. There are a lot of us newbies that will eat this content up like candy.
@@ChrisAllenJ kkkk definitely
Lili....this is a great, truthful video full of advice that the Realtor community will applaud! However, just so you know, there is no standard 6% commission built into the deal. Many times when we help our clients with distressed properties, the commissions are negotiated lower (sometimes significantly) in order to help the seller in this very stressful situation.
I have spent all day watching your wholesaling videos and I have learned sooooo much!!! Omg! You are amazing! People are out here charging $5000 for a few videos and you are dropping gems for free. Thank you!
This is my thing she not just dropping she is actually teaching and showing us how to do and what and she a millionaire okay that speaks volumes of this young lady😊 respectfully speaking
Word🙌
Girl you are a beast. Awesome video! Your energy and confidence just makes it so much easier to understand and actually make me confident enough to go for it! 🙌
I agree
This is major, I’m going to make the leap this year .
“It will be cash” Yeeeeeees, YOU did that 👏🏼👏🏼 you’ve inspired me a lot 😊
Good Morning Lili! You are right on time. I told myself I would jump out there and make calls today . Aaaaand then you posted this video!!! Thank you for your help as I navigate through this process. May GOD continue blessing you and your journey :)
Look at that timing :) Best of luck and as you practice it'll get better and better!
Keep it up! I know for a fact this year you’re gonna have so much success with your Channel and with real estate!
Is there a video where you actually discuss the process of assigning an on market contract to a cash buyer? I'm curious to know the other end of the process when dealing with an agent and where their commission comes from and how it's calculated into the offer. Thanks!
Same question I have. I’ve been looking for the answer to this question
Seller pays realtor commission
I never comment on videos but I had to stop and tell you how great and informative this was. Excellent content!
You are the best you are easy to listen to and understand your awesome and I am grateful to have found you and your doing this for free YOUR A BLESSING TO ME 😊🎉 THANK YOU so much lili
This was gold, I appreciate. I’m stepping into becoming a wholesaler and this was the most helpful video I’ve searched. Thank you!
Great to hear!
Lili, can you reference what the contract looks like when having a realtor represent you? Wondering what's the difference from the standard contract i would use for direct to seller.
i absolutely love your content. Never over the top and straight to the point!
Exactly it is not an hour-long about how much money she have and all about her personal life 😮
This is exactly what I needed to watch
If I don’t actually have partners, I should still say something like “I work with a group of investors” right ??
The cash buyers you’ll find will become you cash buyers
JOIN any local real estate investors club, for cheap. Your conscience will be clear about saying you work with investors, because now you do, maybe, as needed, if you need a few. Be not intimidated. Those clubs mostly are designed to help newbies.
@@bmachelle2494 Hello have you ever done a wholesale deal and if so how did you find a buyer
found your channel thru my analysis paralysis wholesale watching sprees and you're amazing. wishing you so much success thank you for all this free game!
I ❤️ teachers!!!! They are overworked and underpaid and under appreciate!
Thank you for this video! Sorry. This is one of the best videos and channels i have ever seen! Better than some of rhe top people on youtube doing wholesaling. I am amazed...I immediately purchased the bundle and I dont purchase anything because I am skeptical.
I have debated wholesaling for a king time but I was always confused on how to get started and do it. I'm sitting across the street from a home that has been vacant for a while and going up for freclose and I had no idea how to get it. I tried skip tracing and that was a dead end. Smh. I think I can do it now! I will be back to update! Thanks again!! Just made me a youtube folder: Wholesaling with Lili! Forget EVERYONE else I am focusing on your channel only right now!
thank you!!
FREE PHONE GUIDE: www.liliinvests.com/phone-scripts-for-agents
FREE OFFER SHEET TEMPLATE: www.liliinvests.com/offer-sheet-template
HOW CAN I BEST HELP YOU GET YOUR FIRST DEAL?: www.liliinvests.com/survey
WORK WITH ME 1-on-1: calendly.com/lilithompson
WATCH THESE:
Wholesaling My First Deal Playlist: ua-cam.com/users/playlist?list...
3 Investing Strategies for Beginners: ua-cam.com/video/OQyDkTQKZo0/v-deo.html
How to Determine Your Offer Price: ua-cam.com/video/xakenqJ9rP0/v-deo.html
It's not free though ;-;
Lili, your videos are great! Quality information delivered sincerely. Keep it up, 50k subs right around the corner. I don't usually comment on ANYTHING, but I wanna show my appreciation for your efforts.
Thank you!
I love your agent script very detailed and to the point I will be using it.
Yes, I will also
I'm only 2/3rds the way through this video, but it's by far the best video I've seen on wholesaling since I found out about this strategy two days ago (I've been nonstop consuming educational content for the past few days). Well done! Subscribed, liked, and eager to watch more of your content
No cap, I love everything you’re saying. That double commission is genius. Super gem
Thanks for watching! @LiliInvests on IG to connect with me more :)
Check with your state several states don’t allow.
Hey Lili thank you so much for all your content. I’m currently in the process of talking with an agent in regards to a property which is priced really well in my area. I’m new to this and just giving my 100% even if I’m not too sure on a lot of the terms. I told her because it was priced really well that I can do an offer sight unseen. She’s asking if I’m going to by pass the inspection as well. Im stuck at that part???? What do I say.
Honestly Lili; thank you thank you thank you. Your a God sent 🙏😇🙌
JUST STARTED WATCHING YOU LILY. GREAT CONTENT AND VERY PROFESSIONAL. . THANK YOU. 👍👍👍
Binging with Babish must be proud 💯
hey lili great video! just one question when you're talking to agent and they ask for pof funds and you don't have any money what do you do?
Lol. She left you hanging dry. I came in the comment section looking to see if someone asked this VERY IMPORTANT question. Smh
Learned a lot just what I needed, cant wait to get started, subscribed right away bless you!!
Welcome aboard! Thanks for watching!
Your channel is growing like crazy!!!
It’s like my sister giving me game. You are HIGHLY… APPRECIATED!!!
that phone call was amazing
The way you present information is very fluid! Thank you
I always laugh when its my first time on a video/channel and I like snd subscribe 10 words in. I just realize how passionate I am about the subject! Thanks for this
Thanks for the sub!
Crazy amount of value. Thank you so much for the honest information!
OMG! Your content is really thorough. The nuggets of information that you are sharing are fire🔥 Great job and keep it up. Time to look at some more houses. 😀
Followed this script. Worked like magic. Thanks for sharing!
Yo this is my fav video! So helpful LILI!!
Happiest Birthday to you Kate , may blessing come to your door step with grateful bliss of happiness. Muahh
Love your video. I’ve been running into the agents asking for POV, and asking ‘who is the buy’. How do I work around that? I was taught like you said, get the house on contract before reaching out to buyers. Finding videos that contradict each other.
Saw a deal on Zillow for a 3bedroom for 58k. Homes are selling for 230k+ in that neighborhood. Gonna do everything you say. Wish me luck
Hello Lili,
Happy New Year! Much continued success, wealth, and happiness!
Hope this finds you well! I've been watching you quite a bit on youtube and have seen how you have grown, and matured in the business, and I'm truly impressed! Congratulations on all your success! I also noticed that you mentioned you have your own specific clause entered in the agreement of sale when dealing with a realtors, is it possible I can have the agreement of sale which you use when dealing with realtors please? I would greatly appreciate it! Thanks, Stephen
So HELPFUL!!! And thank you for the scripts!!! :)
Learning so much from you its unbelievable. Thanks for everything you're doing. I want to ask what do I say or do when the listing agent brings up proof of funds?
Thanks so much for watching, I'm trying to make the best content out there for beginners !
Definitely join me tonight on IG live and I'll talk to you about things you can say and how you can handle that. I'll be on every Wednesday at 7pm central (instagram.com/liliinvests)
Would love to see an example of the script for talking to agents also the language that your lawyer suggested, only asking because the link never popped up. Lili you have become a beast in the real estate business, Awesome work.
Portray seasoned investor if your not. Ask listing agent do they works with investors . All our deals are submitted (1) listing agent. Example unexperienced agents.1st said wholesaling was illegal, 2nd we were not end buyer assigning property. Move on! Screen agents...…. Highly recommend Lili's book camp! New /seasoned investor's ALWAYS use title company, knowledgeable, wholesaling and assignments.
Do you have to make a contract with the agent about the percentage that they will make? If so, is there a separate contract that you would have to make?
The seller pays the agent commission because they have the listing agreement
@@TheConstructionKings who's contract should be used the agents or my own
Became a new subscriber yesterday. Glad to see you doing this! Thank YOU!
How can wholesalers make any money your way or any way in this market with everything going well over list price?
We have now become a big fan of your channel ! We even used some of your videos for reference when we are training our new team members ! Our founder has even mentioned you in our new video we are posting next week ! Great job and good work !
Definitely going to use this and Lili your great the seed you planted will grow thank you
Lili I LOVE YOU! Girl you the goaaaaaaaaat.. Helped me sooo much omg!!
Hello! Once under contract how exactly would you wholesale it to an investor. (An assignment contract I know,) but is there any thing you would need to include that since the negotiation was through a real estate agent? How does my assignment contract connect the seller/agents contract?
Hope this makes sense. Thanks
And/ or assignee must be included after purchaser name in realtor contract
If you plan on using an FHA loan does the time you're using to rehab a property factor in to the minimum one year of living at the property? Am I able to keep my apartment in the meantime? Your and Paul McComas' videos have really inspired me to change my life! I'm learning as I go and it's a lot to take in, but I've already been contacting agents and making moves.
Question how does the listing/sellers agent get there money from whole seller or title loan company?
The title company I believe issues you the check once everything is completed .
Its on the HUD/Settlement Statement. The closing attorney will handle all the details
So with the 6%, 3 percent is being paid from the sellers fund while the other 3 is being paid by you correct? Is it 3% of the total cost the buyer will pay or is it 3% of the assignment fee?
Hi Lili. Great Video! Got a quick question for you..........Do you have a harder time finding a Cash Buyer for properties you have under contract with an Agent? Also, do you have a video on how you find a Cash Buyer for deals you have locked up with an Agent and how you approach that with that buyer?
There’s pros and cons to both off and on markets is what I’m learning about wholesaling, I’m also learning to just take action what do you got to lose ?!
THANK YOU SO MUCH FOR THE SCRIPTS!
I absolutely love your content!!!! I’m so glad I found you!!!
Thanks so much for the support!!
I find using agents is usually a dead end.Most agents I have dealt with can only focus on the commission. They just don’t seem to look at the long haul. This is just been my experience, but I am always willing to learn different techniques to make it happen. Thank you
I am loving your content and energy! So happy I found your channel!
Yay! Thank you!
How exactly do you get the agent to put the offer sheet in the contract do you tell them everything over the phone or do you email them the sheet and say I need you to put what’s on the sheet in the contract?
Email you stipulations
I have a few questions
1: that your paying cash and she thinks she’s getting cash how do you tell her your flipping it with a contract
2: how do you get a contractor under contract in supplying your build and put them back do you have a video on that?
Only a Thompson would give this good content for free😂😂😂 I’m joking! Always dope info LeLe!! Keep it coming!!!☝🏾❤️🤞🏾
More to come! Thanks for the support!
So do they write up all the contracts for us since there on market and real estate agents ?
As in the purchase and sales agreement and assignment agreement contract do they write up both since there representing both us and the seller ?
Also once we do have a offer for them do we send them only a offer letter with what you said added in the offer to write in contract ?
Hey Lili could you please make a video about making an offer and actually submitting one. I thought this whole time it was something you did verbally but I found out it was something on paper you actually turn in.
Definitely worth watching👍
You're really good, Lili. Very impressive information and presentation.
LilI i have a question, After i get the contract signed and everything. does the agent take the contract to escrow? or do i? and if so how do i add my wholesale fee into the contract without the agent knowing? how would i write that? and how do i write it to the point that it subtracts from what the buyer is actually going to buy it for minus my assignment fee and sellers actual money?
very good question, I hope you get an answer to this.
Great Video! I love this concept. My question is , what type of contracts are involved when i deal with an agent. How does the 6% agreement go as well, contractually speaking? Thats where im confused. Somebody help me please, ideally lili 🙏🏾
Im manifesting that you buy properties in other countries & go world wide !! So exciting
This was so smooth! NICE WORK.......
Your edits are awesome!!! Really really good
Thank you so much!!
Awesome video LiLi... Thank you for your time and commitment.
Great video and channel! I’m just trying to figure out why you asked the agent for CMA when you can just get it on PropStream in like 20 seconds? * Edit * OK. You told her later in the call that you’ll cross-reference with your own research. That’s a slick credibility tactic!
Ooooo.. That was smooooooth 😭😭😭🙏🙏.
Cool stuffLily keep it up success And blessings
For that double dip strategy, would the sellers agent still get 6% on the deal even if i would end up assigning the contract?
Thank you for this content, super valuable.
Lilo brought me here. Thank sissss.
Great content and pretty thank you for taking the time.
How do you show the property to perspective Cashbuyers? Particularly if you’re an out of state investor.
This question is what’s been keeping me on the sideline when it comes to wholesaling on the MLS…
Great video. I often refer people to your channel who’s interested in learning.
Have the seller take tons of pictures and email them or hire a local photographer to do it
@@NickSandt Thanks, but most buyers are going to want to tour the property unless they themselves are out of state. Am I right?
Loved your video! What happens if you cant find a buyer? How would you terminate the contract?
You'll terminate the contract before the due diligence period ends. It's usually 10 -15 days
Hey Lili!
I’ve spoken with a couple of agents who have declined the “double dip” offer and stated I’d have to find my own representation.. some don’t even return calls lol. How do I go about dealing with this? 🥴
That sounds good to offer also an additional 3% but I can see how that would be conflict of interest for the agent bc they have to remain ethical on both sides and they can be hard when it comes to investors bc they want a low ball offer but the seller want a higher return. That's just my take on it but I'm still learning
Hi Paris, I'm an agent and have listed investment properties. My brokerage doesn't allow me to represent both sides (dual agency), so I have either suggested the buyer find an agent to submit the offer or I can refer them to a different agent on my team. I would suggest partnering with an agent on the buy side. You don't pay their commission, they can negotiate best deal on your behalf, and it will help avoid delays in presenting offers for you ongoing. :)
Check with your state. It's illegal in many states to have dual agency. It's legal in my state, but my brokerage doesn't allow it.
@@dennisdegelmann4300 Hello sir do you buy homes in Texas
@@kristycoleman9272 Factually Dual Agency is currently illegal in only 8 states. They are Alaska, Colorado, Florida, Kansas, Maryland, Oklahoma, Texas and Vermont.
If you live in these 8 states, dual agency is illegal. You are correct.
But Dual Agency is not illegal in all of the other remaining United States.
YOU SNAPPED WITH THAT PHONE CALL
Lol I tried!!
I'm a licensed real estate agent. Listening intently.... Keep up the great work!
hello this is my first deal/s & Im dealing with an agent ( out of state ) & she asked me " will the end purchaser still use her to close the transaction ? " ( do they? ) how do I respond to that. she's aware I will be assigning the deal & she's cool with it. she asked cause her commission will be locked in to the sale price from the seller. I said I would be glad to give her a commission out of my pay on top of what she gets from the seller. so I can deal with her in the future. thank you in advance for any & all help.
@@pumcorn8681 that's a very good question will be asking my realtor friend about that🤔
Running it right now you are my goat
just saw this video and went out and saw a fixer listed in Los Angeles that i want to try and wholesale it but a little nervous since the amount of its present value is so large. ( 1mil and change.)The arv is 1,450,000. been on the market for a few months. i could use some help on this one. Hopefully i get a response from you Lili on this. Thanks
Hey Lili ! If I’m wholesaling virtually how would you suggest I go around the question of “we can make an appointment so you can see the house “
Here is an excerpt from a facebook conversation that I had with a potential cash buyer for larger properties. I never heard you mention NDA/NC agreement, but I did hear you say another investor backdoored you to steal a deal.
So how can you approach people knowledgeable about the wholesale business or even the bird dog type of person with something so absurd as a $100k car? 99% of us aren't interested in this kind of asset..Itz a nice attention getter though.. Do you also include a NDA/NC agreement. People will dare to bump you out of the way and not pay you and dare you to do something about it..
In Chicago where I grew up it was known that everyone who comes correct deserves respect and no one is too BIG to get dealt with for disrespect...IJS Letz be real about it..
If you mentioned it in the training, what episode is it in? Which one do you use now?
His Answer: Al, got your attention didn't it? And yes, send me the NDA. Although in the link, you can provide non confidential info first, and if it's something that makes sense and i am interested in, I will let you know so I can sign an NDA to get more details so I can submit an offer
Your the best! So honest and inside look !! I'm subscribed!!
Girl I loved the video you explained so well
Great information. You are very helpful and have great videos. Thank you
I love your videos. Thanks so much!
How would you handle a request for "Proof of Funds" if you don't have it saved up? Also, is "Proof of Funds" refer to the downpayment only? Thank you.
GM. 1 thank you for all the Info you post. 2 this is my first deal & I am dealing with a out of state agent who knows I will be assigning the deal and is ok with it. they want to know if the end buyer will be using them to close. how do I answer that & how do I assure that that buyer will be closing with them.