How To Wholesale Real Estate Step by Step (IN 21 DAYS OR LESS)!
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- เผยแพร่เมื่อ 1 มิ.ย. 2024
- Here's EXACTLY How To Wholesale Real Estate Step by Step in 21 days or less with no money, without any marketing, without needing a real estate license, & without needing experience. Hope this makes it simple to wholesale real estate as a beginner!
Entrepreneurs & professionals wanting to work closer with my team & I to get started wholesaling & flipping, APPLY HERE: www.realestateskills.com/appl...
In this video, Alex Martinez shares “What Is Wholesaling?”, “The Wholesaling Process at a High Level,” and the "12 Steps on How To Wholesale Real Estate In 21 Days or Less".
We put in a lot of time & effort into this video to make sure you’re able to immediately take action wholesaling houses today - whether you’re advanced or even a beginner.
If you’ve been wondering how to wholesale real estate, then this is the perfect video for you to watch, study, & implement!
🏠Watch our FREE Training on How To Get Started Wholesaling & Flipping Houses WITHOUT Spending $1 On Marketing Here:
www.realestateskills.com/trai...
🥇Check out our Pro Wholesaler VIP Program on How To Get Started Wholesaling & Flipping:
➡️ realestateskills.com/pro-whol...
📈 You can download the Assignment Agreement here:
➡️ www.realestateskills.com/cont...
(use this to assign contracts that are assignable by their nature)
📺 “How To Find Cash Buyers Online For Free” TH-cam Video:
➡️ • How To Find Cash Buyer...
(this is the TH-cam video referenced on how to find 3-5 Cash Buyers in your area quickly & efficiently)
Step 1: PICK YOUR MARKET. You can do this step right NOW. Decide if you're wholesaling locally or virtual wholesaling.
Step 2: FIND 3-5 CASH BUYERS. The reality is it’s much simpler to find Cash Buyers first before you get a wholesale real estate deal under contract rather than after.
Step 3: FINDING & FILTERING FOR WHOLESALE DEALS. Our clients & students use the MLS (Multiple Listing Service) to wholesale houses with agents. Other great options: Redfin, Zillow, & Realtor websites.
Step 4: MAKE DISCOVERY CALLS DAILY TO REAL ESTATE AGENTS. When it comes to wholesaling MLS properties you must contact the agent involved with the deal. Agents are phenomenal sources of on market & off market deals! Remember this is “Hot Calling” not “Cold Calling” because agents want to close each house as much as you do. This is how agents get paid!
Step 5: FURTHER ANALYZE THE PROPERTY. I cover how to calculate the ARV, Repair Costs, your Wholesale Fee, & the Offer Price. As a real estate wholesaler, you must be great with your numbers! I also cover the MAO formula step-by-step.
Step 6: CALL BACK THE AGENT (CLOSE CALL). Give the agent a no-nonsense, genuine offer you can stick to. Most wholesalers think they have to always give a price on the first call, which isn’t the case. Little things like this separate the amateurs from the Pro Wholesalers.
Step 7: SEND THE OFFER TERMS VIA EMAIL. Short, sweet, & to the point is the goal. Be sure to include the purchase price, closing time frame, inspection contingency, & EMD (earnest money deposit) amount.
Step 8: GET THE CONTRACT, CHECK IT, SIGN IT, & SEND BACK TO AGENT. This is the most important KPI (Key Performance Indicator). Remember 1 in 15 Offers Sent will allow you to wholesale a house & make large wholesale fees!
Step 9: FOLLOW UP WITH THE AGENT TO GET THE EXECUTED CONTRACT. The house is not under contract until the Seller signs the contract after you’ve signed it. Lock it up!
Step 10: EMAIL & CALL YOUR TOP CASH BUYERS. This is why you don’t want to skip Step 2! Since we already found & spoke to our Cash Buyers we now have high certainty they want this deal since it fits their exact buying criteria!
Step 11: AGREE UPON PRICE WITH YOUR CASH BUYER & ASSIGN THE CONTRACT. Your top Cash Buyers may want to visit the property to double check everything. Agree upon price & complete the assignment of contract.
Step 12: CLOSE THE DEAL & GET PAID. Ding! Celebrate! Now it’s time to wholesale your next house!
TIMESTAMPS:
0:00 - Intro
0:36 - What Is Wholesaling Real Estate?
1:15 - 2 Ways To Close Wholesale Real Estate Deals
2:39 - The Wholesaling Process at a High Level
The 12 Steps On How To Wholesale Real Estate Step by Step In 21 Days or Less:
4:29 - Step 1
6:18 - Step 2
7:24 - Step 3
13:27 - Step 4
18:14 - Step 5
29:00 - Step 6
36:52 - Step 7
39:46 - Step 8
42:50 - Step 9
44:50 - Step 10
49:21 - Step 11
52:18 - Step 12
👋 Say "Hi!" on Social & Join our Community:
💻 Website - realestateskills.com/?el=htwr...
📈 Program - realestateskills.com/pro-whol...
📸 Instagram - / realestateskills
💙 SUBSCRIBE TO OUR CHANNEL & CRUSH IT AT REAL ESTATE!
➡️ th-cam.com/users/realestateskill...
#WholesaleRealEstate #Wholesaling #RealEstateSkills
📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.
![How To Find Cash Buyers For Wholesale Deals! [FREE & ONLINE]](http://i.ytimg.com/vi/YzWGQJPKv6c/mqdefault.jpg)
![How To Find Cash Buyers For Wholesale Deals! [FREE & ONLINE]](/img/tr.png)
![How To Wholesale Real Estate Step by Step [WITH $0]!](http://i.ytimg.com/vi/J8jtA7f8vYE/mqdefault.jpg)
![[TH] 2024 PMSL SEA GF D2 | Summer | ร่วมส่งแรงใจ เชียร์ไทยไปพร้อมกัน](http://i.ytimg.com/vi/dN2gLsCJ0T0/mqdefault.jpg)
🔥Watch our FREE TRAINING to learn how to Wholesale & Flip Houses from the MLS without having to do any marketing: www.realestateskills.com/training?el=htwre21days
How wish I have seen your videos and known you earlier. I enrolled with another mentor and until now I haven't really learned anything yet. Your training videos were clear and direct to the point, simple and easy to understand. I had been reading the instructional material they sent me for over a week now and i have read hundreds of pages and I did not get to where I was looking for BUT in the first 2 videos you made, I was able to understand how to move on. THANK YOU VERY MUCH!!
How to determine where to look for properties? Especially if driving for dollars? I.e. I choose a zipcode but that zipcode can cover dozens of square miles and tens of thousands of homes. Should I narrow down further? And how?
This is a great video! I’ve watched it about 10 times so far and taking notes. Question: Am I mistaken or does the Wholesaler actually make $20k in this example? Because it seems like $10k was calculated into the offer for the agent and another $10k was added into the offer to the cash buyer. Either way, $20k is a great day but I just want to make sure I’m following along correctly. Thanks for all of the teachings!
were all about to become millionaires lol, thank you so much I'm 16, learning and taking notes on real estate wholesaling!
There we go! That's the attitude! Time to make it happen! I wish I started when I was 16! 😎
can you help me learn how to wholesale please we can work together
@@perothegoat6042 Yes, that's what we do. We help people to wholesale & flip more houses. Please check out the training link I just shared with you in the previous comment so that you can see if you're a good fit to be in our program and to get coached.
You're going places 💪🏾
@@RealEstateSkills thank you where can I find the link
“I was a C student in English but got an A in real estate” 😂😂 LOL love that energy
Thanks, Maggie! 💙
Cheers!🏘
F student here✋
Real badman
I've been investing for a year and this is hands-down the best wholesaling video I've ever seen. Well done, Alex. You're a gifted communicator!
Thank you very much for your kind words and feedback, September Vaudrey! 😊
Cheers! 🏠
I’m very interested in getting into this. How successful have you been with the wholesaling endeavor?
How much have you made
I have literally spent two weeks on youtube and paying for courses on wholesale real estate and none have given me as much information that you did in this 57 min video THANK YOU!!
You're very welcome, Melissa! I'm thrilled to hear that you found the video helpful and informative, and I'm glad that the information provided was able to give you a solid understanding of wholesaling real estate. It's always great to hear that our efforts to provide valuable content are appreciated, and I hope that you are able to use the information to further your own success in real estate investing.
If you find yourself wanting to go into more depth check out our free training here: www.realestateskills.com/training?el=htwre21days
Cheers & Happy Wholesaling, Melissa! 🏘😊
Same!!! I’ve been watching vids for 6 months and this is the best information by far!!!🙌 Thank you so much!!!!
How has wholesaling been going for you so far?
Same thing I said!
Props to bro for not gatekeeping the knowledge, you’re a real one G. I’ll see you at the top soon🤝
Appreciate the love. Cheers Teagan!
Couldn’t have said it better
How’s it going?
BRUH, I didn't even realize it was almost an hour long. I was really listening
We're happy to hear you loved the video, Trevor! Take what you learned and run with it! 🚀
Cheers! 🏠
I watched wrote almost everything down and probably gonna watch again
That what you need to do, Nicholas Carter! Great job taking notes and make sure you check out our other videos if you have more questions. Its important to educate yourself, but equally important to take action with what you've learned. 🚀
You got this, Nicholas Carter! 🏠
Hey its 2024 did you make money?
@ravrampersaud4940 People are making money everyday wholesaling real estate. 🙂
This man is a blessing and he is for real. This is for real. I have been through many classes, mini courses lots of books, spent lots of money, and nothing compares to this man and what he’s teaching nothing serious. He is a life changer for sure.❤
Thanks for showing some love in the comments, Sandra! 😊
Cheers! 🏠
Finally a video with no music, distractions… just talking and explaining. Thank you.
You're very welcome, NWRelace! We're glad you enjoyed the content.😊
Cheers! 🏠
ummm actually there was some music lol
Thank you so much for sharing Alex. When making the offer with an Agent involved should I include any of the contingencies at that time or just the dollar amount or is verbal okay until I send a document copy.
Dude... finding 3-5 cash buyers as backup so my deals don't die is a GAME CHANGE. Why didn't I think of that lol... this video is GOLD
:) The more qualified, local Cash Buyers the merrier! Here's a video we made on How To Find Cash Buyers For Wholesaling Online & For Free: th-cam.com/video/YzWGQJPKv6c/w-d-xo.html
I'm sure you'll love that video, as well! Cheers & Happy Wholesaling! Keep on crushing it!
Exactly. That’s the best thing is to have buyers on deck at all times.
Does that buyer finding method work.? I keep finding wholesalers
@@Fourwindsofsuccess can you help me learn how to wholesale please
Thanks for this well laid out walk thru of wholesaling!! Clear, concise, clean, good job man!
Thank you so much for your positive feedback, CryptoGuy! I'm glad that you found the walkthrough helpful and easy to follow. If you have any other questions or if there's anything else you'd like to learn about real estate wholesaling, please don't hesitate to let me know. I'm always here to help!
Cheers & Happy Wholesaling, CryptoGuy! 🏘🚀
Great strategy! Step-by-step guides really help! Keep'em coming!
Our goal was to make this the best step by step video on wholesaling real estate on TH-cam :) Glad you found it impactful & thank you for the kind words! Much more to come!
Thank you for putting a lot of time and effort into delivering this great presentation! Very much appreciated :)
Of course, Jackiie! A ton of experience and effort goes into these videos. We love to hear your kind words!
Cheers & Happy Wholesaling! 🏘😊
You did an excellent job explaining this process. The best on TH-cam by far.
Hey Narika! Thanks so much for the love! Our goal was to make this the BEST video on wholesaling on TH-cam :) Great to know we have your vote! ;)
Please shoot us a Subscribe when you get the chance! We'll be coming out with more great content on wholesaling real soon and definitely want to make sure you're notified when we do! :)
Crush it!
i have been rewatching this for days like you said. it actually is helping me. thank yo
Hey there TV, glad you're getting the most out of this video! We really put a ton of effort into these and love to see the viewers make their way into the comment section.
When you're ready to go into more depth you should check out our Free Training here:
➡️ realestateskills.com/training?el=htwre21days
Cheers & Happy Wholesaling! 🏡
Wow. Amazing presentation. Clear and concise with no nonsense or fluff. Great examples of what to say to sound more professional and really project yourself as an RE investor. Well done.
Thank you, LARZ! We love to hear it when our viewers enjoy our content!
Cheers! 🏘😊
Thank you Alex!
Very professional, edifying and excellent video!
Glad you enjoyed it! Thanks for the comment! Shows us we're doing something right ;)
Cheers & Happy Wholesaling! 🏘🚀
P.S. Please shoot us a SUBSCRIBE & a LIKE if you haven't yet! Means a lot! Cheers!
First video I’ve seen and I just subscribed. This is an AMAZING breakdown for the complete beginner like myself. I’ve been researching other channels and sites and I’ve found nothing as clear and concise as this. THANK YOU. Sincerely, thank you!
Awesome! Thank you, David! THANK YOU for leaving an AMAZING COMMENT! CRUSH IT!
Agreed!
You Did a Great Job Breaking Everything Down and Making it Easy to Understand. Thanks!
Thank you, Facts, for the kind words! I'm glad that my explanation was helpful to you. If you have any more questions, feel free to ask!
Cheers! 🏘
I'm super excited. You gave such detail and I am ready to start putting it into play immediately!!!!!!!
Hello Margaret! We're so happy to hear that you are enjoying the content we put out! We put a ton of effort into the making of these videos so always nice to hear your kind words!
How did it go when you tried to take what you learned from this video and turn it into action? We're very excited to hear back!
Cheers & Happy Wholesaling, Margaret! 🏘😎
Man I tell you! you did your thing in breaking it down for real in such a way that I understood everything you taught in this video. I literally clapped at the end of the video when your saying your final thoughts about wholesaling. I thank you for your work and commitment in supplying information that is of great help for me. I wish you more success and health as time progress.
Hey Emeil, really appreciate your comment!! It really makes all the hard work & effort worth it. It was our intention to make the best step by step video on wholesaling real estate on TH-cam!
I wish you success & health as well, my friend!
Time to crush it! 😎🏘
@@RealEstateSkills Yah Mon! No problem 😉 🇯🇲
@@emeilsmith4145 😃
I agree. This was the best video I have seen yet!
This video was the most concise and clear video I’ve listened too. Thank you for this information!
You're very welcome, Mario! We appreciate the kind words.💙
Cheers & Happy Wholesaling, Mario! 🏘🚀
Thank you for sharing your knowledge! The way you explained all of this made a lot of sense.
We're happy to help, Vanessa!
Cheers! 🏘💙
Thank you for this teaching opportunity.
That is just PURE GOLD! Thank you so so much for this glorious Video 💙
Thank you Sören! We really appreciate the kind words! Thank you for the comment and support. 😊
I’ve learned a lot from watching different videos, but THIS right here is exactly what everyone else has been missing. Thank you 🙏🏼
Hello, Kingdom! We're glad to hear you found what you were looking for! 🚀
Cheers! 🏠
Thank you so much for breaking this down, so helpful!
You're very welcome, Jay! We love to hear when people find our content helpful.
Cheers & Happy Wholesaling, Jay! 🏡🚀
Definitely the best wholesale video on TH-cam! Thank you Alex!! 😘😘
Thank you for showing love, Lisa!
Cheers! 🏘💙
You are a great teacher I love the way you teach you break it down and give examples I love it I'm following you HEAVY 😊
Thanks for showing some love in the comments, Tracy! 😊
Cheers! 🏠
thank you so much alex im just starting and im excited to do it especially cause of this helpful video
Congrats on taking your first steps, Aj Newsom! Welcome to the world of real estate investing.
Cheers! 🏠
I’m subscribing!!! This is one of the best wholesale break down detailed videos I’ve ever seen. Thank you bruh! 👊🏾
Thanks for the sub, Kyle Dickinson! We appreciate the support. 🙂
Cheers! 🏠
Thank you so much for your explanation!!! Very clear, really helpful for me! great presentation!
Hello, Anna! You're welcome! We're glad to hear that our explanation was clear and helpful for you. Thank you for your positive feedback on the presentation.
Cheers & Happy Wholesaling, Anna! 🏘😊
Fantastic Info 🎉Thank you 🙏🏽
Glad it was helpful! You're very welcome! :)
Please hit Subscribe if you want to be notified when our next videos come out!
Cheers & Happy Wholesaling!
I watched so many videos about Wholesaling and yours is the best so far!!! Thank you for sharing your knowledge, God Bless you. I did subscribe hope to see more helpful videos like this
You're very welcome, Dj! We're stoked to hear you're enjoying the content!
Cheers & Happy Wholesaling, Dj! 🏘💙
Great Info 👍🏾 Looking to get started asap... will follow this video with your next in depth training. Thx
Hey Steve - glad you found it helpful! You got this man. You're going to love the next training. Time to stack those rocks, take action, and start wholesaling houses! Cheers!
Hello Steve! Did you ever started yet? If yes, How is it going?
I truly enjoyed this presentation! Your practical, down to earth, dose of reality type of teaching is awesome! I especially like the way you emphasize the realistic expectations one should have. I know that this is gonna take some time to master... God bless you...your looking out for the folks that want to make money without spending $$ on lessons that don't work.
Hello NaQuanda! Thank you so much for your kind words! I'm thrilled to hear that you enjoyed the presentation and found the teaching style practical and realistic. It's my goal to provide valuable information and guidance to individuals like you who are eager to learn and succeed.
Mastering any skill, including real estate investing, indeed takes time and dedication. Setting realistic expectations and understanding that success doesn't happen overnight is essential. However, you can make significant progress towards your goals with consistent effort, a willingness to learn from successes and failures, and a strong work ethic.
I appreciate your blessings and am grateful for the opportunity to assist you on your journey.
Cheers & Happy Wholesaling, NaQuanda! 🏡🚀
this was the most valuable explanation I've watched on TH-cam. I feel like I actually know the steps. Thank you!
Rose, thank you so much for your comment! 🙂 So happy this was the most valuable explanation you've watched on wholesaling real estate :)
Implement these steps and you'll be successful in this business without a doubt!
You got this! Cheers & Happy Wholesaling! 🏘
@@RealEstateSkills I also love that you include the agent in the conversation, so he/she doesn't feel left out or ignored. I know some wholesalers cut them out and that can be messed up. Makes sense the way you did it. Everyone has to put food on the table.
Absolutely! The real estate agent has to be involved when wholesaling properties on the market otherwise no agents would ever want to work with us! We always have to take care of everyone and make sure everyone wins! When this is your operating standard in this business, you'll always succeed! :)
This was by far the best, fluffless video I've seen in a minute! Thank you.
Thank you, Dreamz! We put a ton of effort into these videos! It's always nice to see a view like yourself find their way to the comment section.
If you haven't already please consider subscribing :)
➡️ th-cam.com/users/realestateskills
Cheers & Happy Wholesaling, Dreamz! 😊🏘
Can’t thank you enough for this video ! Amazing
Our pleasure! Glad you enjoyed it, Amara! :)
Definitely shoot us a Subscribe if you found the video helpful! We'll be coming out with more content very soon and definitely want to make sure you're notified when it comes out!
Cheers & Happy Wholesaling! 🏘🚀
This is one of the best online traininginstructional videos I have ever seen. Watched 3 times now and am putting this stuff to effective use. Thank you!
Thank you, JL! I'm glad to hear that you found the content helpful and that you appreciate the channel. It's always great to know that the information provided is making a positive impact. Thank you for taking the time to share your kind words, and I wish you all the best in your real estate endeavors!
Cheers & Happy Wholesaling, JL! 🏘🙂
How's it going for you so far? Closed on any properties yet?
The Day Zero strategy absolutely crushes... one of the best methods to landing wholesale deals, fix and flip deals, or rental properties. Awesome informative video!
Couldn't agree more! When it comes to wholesaling real estate with no money from the MLS, the Day 0 Strategy absolutely brings in consistent deal flow 24/7/365!
Very nice!! Thanks for all the information
You're very welcome, Maria Martins!
Cheers and Happy Wholesaling! 🏠
Thanks for actually breaking it down step-by-step. Really helps to understand how it all comes together!🏡
Glad it was helpful! The goal here was to make the best how to wholesale real estate step by step training on youtube! Boom!
@@RealEstateSkills You definitely did it!!!!!! THANK YOU!
Have you gotten a wholesale deal yet following this strategy?
100%, the whiteboard really helps. I come to TH-cam so I can learn visually and instead 99% of the "videos" on TH-cam are people just sitting down and talking. What do we learn by watching their faces? Those lazy creators might as well turn those "video" into podcasts.
I can provide contracts and the transactional funding if needed
I agree with Tony Martinez, thanks a million. I understand the process now because of you. Blessings upon Blessings.
You are so welcome! So happy you understand the wholesale process now! :) The goal of this video was to make the process simple & easy to understand! Thanks again for the comment, Cheryl! Please shoot us a Subscribe, if you haven't yet! We'll be sure to come out with more! Much love! 🏘🚀
🔥 ❤ I loved this thank you Mr. Alex for this because this is the honest guide how to wholesale aka real estate invest the right way. I spent days reading your blogs and learned so much. Now I’ve subscribed to this channel as well, and I’m genuinely happy I feel confident.
When you said “don’t call yourself a wholesaler” and say “you’re a real estate investor”. That’s a important factor when looking for buyers. Building a buyers list is extremely important.
So happy this is helping you on the journey to wholesaling real estate, Bri! :)
Way to subscribe! Now you'll always know when our next videos will be coming out!
Yes, calling yourself a real estate investor and looking at yourself as a real estate investor is the way to go! It makes your evolution as a real estate investor so much easier when you identify as a real estate investor!
Keep up the great work and be sure to update us on your progress. :) Cheers!
This was pure gold. Thank you
Hey Tizzy - thanks for the comment :) Our goal is to only keep putting out "pure gold" so comments like these let us know we're on the right track!
Follow these steps for wholesaling real estate and you'll be golden! 🏘
Keep on shining! Cheers!
so glad I decided to not skip past this video, definitely going to watch again in the near future, thanks man.
We're glad you enjoyed what you watched, Bobbybyrd! There is a ton of gems in this video so take your time and absorb as much as you can. 🚀
Cheers! 🏠
Wow, what a blessing he is. Love you.❤
Thank you, Sandra! 💙
Cheers! 🏠
Bro I’ve watched hundreds of videos on TH-cam, and this is by far the best one. Got me up early in the morning on my off day with a notebook and a pen. Thank you for your time man! I know TH-cam doesn’t pay you enough for the amount of knowledge you’re giving out even just from this video.
Thanks, Tony! We appreciate the love man! Glad to see you're enjoying the content, we put a ton of effort and experience into these.
Cheers & Happy Wholesaling, Tony!🚀🏡
So how did it go Tony? Any success?
Congratulations! Such great content, thank you so much!
Hey Adriana! Thanks so much! Glad you enjoyed it! :)
Please Subscribe to the Channel if you dig it! We'll be coming out with more great content soon!
AWESOME video Alex !!! Thank you so much !!! 🙏🙏
You're very welcome, Dennis Theriault! 🙂
This is an amazing breakdown of what needs to be done.
BOOM! Thanks for the love. We worked hard to breakdown each & every step of the wholesaling process. Glad it resonated with ya!
Cheers & Happy Wholesaling! 🏠
This is awesome !!! It’s lined up I just have to act . My Boss who sits right next to me at work is now a Real Estate agent with MLS access and a license and my best friend !!! And a website . I have a friend who was totally broke a few years ago and became this successful flipper in SA TX I asked him how he went from being Broke to making over 10K a month and he said he watched your videos and wholesaled his first few homes . I’ve never done this and am very interested and I have two guys in my life one a whole seller and the other a Real Estate Agent . Now I just have to act :) thank you 😊
you just have to be consistent and you see yourself exceling as a wholesaler
can we link up and do deals together?
WOW, World House that is incredible! We're so happy to hear about the impact our videos have made! Congrats on taking action and building a network of strong people around you!
We can't wait to hear back about how your first deal went! If you want to go into more depth check out this free training!
➡️ realestateskills.com/training?el=htwre21days
Cheers & Happy Wholesaling! 🏡😊😎
Thank you so much I learned so much. Many blessings to you🙏🏾
You're very welcome, brown eyes! 💙
Cheers! 🏠
Thank you so much I’m most definitely rewatching your video over and over I’m so ready to change my family life. May God continue to bless you and use you! Thank you so much!
You're very welcome, Eddricka Roberson! We love to hear that conviction and we hope you take action to make the changes you want to see!
Cheers! 🏡
for not knowing anything about this subject besides the name and general concept you truly broke it down and gave me the information I need to understand this on a deeper level and I thank you for making something that could have been truly defeating a motivating session of learning
Keep at it Giavanno! So happy to hear the information here was digestible for you! We put a ton of effort into these videos and it's always a pleasure to hear back from our viewers.
If you're ready to go deeper you should check out our free training!
www.realestateskills.com/training?el=htwre21days
Cheers & Happy Wholesaling, Giavanno! 😎🏘
This video is GOLDEN. Thank you for sharing how you've succeeded in this industry. I feel so empowered now more than ever!!!!
Hello, Tamara! You're very welcome! I'm glad to hear that the video was helpful and empowering for you. It's wonderful to know that it provided valuable insights and inspiration for your journey in the industry. If you have any more questions or need further assistance, feel free to ask. Best of luck as you continue on your path to success as a real estate investor!
Cheers & Happy Wholesaling, Tamara! 🏡💙😊
@@RealEstateSkills Thank you SO MUCH!!!
Hello, I appreciate the value of this training very well explained. Simply awesome. Others spend so much time in talking about themselves.
THANK YOU again!
You're welcome, User! We appreciate the kind words. 💙
Cheers! 🏠
This was very detailed. Thank you so much!
No problem, Tatiana! Glad you're enjoying the content!
Cheers & Happy Wholesaling, Tatiana! 🏠💙
OMG You knocked this presentation way out the box! I believe I would rather start with LMS instead of going straight into off market. This seems a less stress way of starting out. I know when I get my first deal, I will be like, "hey this is doable?" Then I will be more pumped in doing it over and over again. Thank you so very much for the break down on this.
Thank you, Kedrik! We can't wait to hear when you get your first property under contract! Yeah definitely start in the blue ocean of the MLS.
Cheers & Happy Wholesaling, Kedrik! 🏘🙂
God Bless this man
💙😊
You made it very easy and simple! wow !Thank you
Thank you very much for the kind words, Monique! 😊 We work hard to make sure our videos are packed with knowledge.
Cheers & Happy Wholesaling, Monique! 🏘
You definitely blessed my game. Blessings to you✨✨✨
Happy to help, SupaRichh! We're happy to see you're loving the content!
Cheers!🏘💙
Overall great video. Don’t forget if the agent is going to write the offer for you, make sure they check off that you may assign that contract.
Thanks Ernie! We are very happy to hear you love the content we are putting out! A ton of effort goes into these videos so thank you for taking the time to comment.
When reading through the contract as long as there isn't any language that states specifically that the contract isn't assignable you don't need to do anything to the contract.
If you are in a state such as California that does have that language you simply will need to sign an addendum once the contract is executed to assign it to your cash buyer. We do think it is very important to review specific laws on a state-by-state basis though so always talk to a real estate legal professional in your area.
Cheers & Happy Wholesaling, Ernie! 🏡
just turned 18 ready to step my foot into real estate well done video cant wait to start this journey. now time to do that training
Congrats, Justin, and welcome to the world of real estate investing! That's awesome that you are learning this at such a young age!
We think you will dig our free training that goes into more depth on how to wholesale real estate. Here is a link: www.realestateskills.com/training?el=htwre21days
Once you've watched the training let us know if you have any more questions.
Cheers & Happy Wholesaling, Justin!🏘🚀💙
Been 8moths how we doing
Thank you for sharing their wonderful knowledge!
You're very welcome, Kadena!
Cheers & Happy Wholesaling! 🏠
Thank you a bunch for the true breakdown, it really helped me better understand the operation!
Glad to hear it! You're very welcome, Hayden!
Please shoot us a Subscribe when you can! We'll be sure to keep coming out with more great content on wholesaling & real estate investing and definitely want to make sure you're notified when we do!
Cheers & Happy Wholesaling!
I wish I found out about you years ago, I’m 23 and I’m planning on doing this. Glad to find a video that’s truly informative
That's awesome to hear TheGhettoReviewer! We love to see young people like yourself getting involved in real estate investing early!
We would love to hear about your journey in wholesaling so keep us updated! When you're ready to go into more depth check out our free training here: www.realestateskills.com/training?el=htwre21days
Cheers & Happy Wholesaling, TheGhettoReviewer! 🏘😊😎
How's it going for you ? I'm 22 and currently in the trucking industry but hoping to get into this .
any success ?
Hey man it’s never to late to start something new , you got this bro , I’m 17 and wanna start this because I don’t wanna be like the rest of my classmates doing daily 9-5 while there 25 and older , I wanna be 25 and older living life and not doing a 9-5, your on your first step to becoming a millionaire just because the way you think , I hope this motivates everyone reading this , we all can do it , if it’s on this world , that means we can achieve it . Thanks guys and blessings to everyone on this journey.
🔑
Incredible content!!! Thank you for this step by step guide! Quick question though, so I'm in California, when it comes to the assignment addendum what if the seller refuses to sign the addendum? Would I be able to back out of the purchase agreement for that reason alone or would I have to back out on the inspection contingency? One other follow up question with that... does the addendum have to be presented when the purchase agreement is submitted or would it be added a few days into escrow?
Hey Mason!
You’re welcome, so happy you loved the step by step video on wholesaling :)
Let’s get right to your questions on wholesaling real estate in California…
Your 1st Q: “When it comes to the assignment addendum what if the seller refuses to sign the addendum?”
We’ve wholesaled (and helped others to wholesale) hundreds of houses in California. Now, we’ve never lost a deal because a seller refused to sign the addendum, and we’ve never actually had a seller refuse signing the addendum.
This is because we’re very particular with the words we use to explain the assignment. For example, we do not say we’re “wholesaling the house (or contract).” Instead, we let the agent/seller know that “…we will be purchasing the property in our financing partner’s name who is bringing a majority of the capital to the table, so we just need to change the contract from our name to their name. We’re still closing at the same price, same date, and same time. We only need to change the buyer name from our name to our financing partner’s name, nothing else is changing.”
When you provide context to the agent/seller in an appropriate, well thought out manner it actually doesn’t make sense for them to refuse to sign the assignment addendum. Why would they refuse to sign the addendum? If they refuse to sign the addendum, what will happen is that they’ll need to put the property back on the market, have more open houses, field and go through more offers, deal with tire kickers + those who are serious, have more inspections, more counter offers, etc., - It’s way more of a headache to refuse to sign the addendum. If you can paint this picture to the agent/seller (like we & our students do), then you’re golden, Mason!
Your 2nd Q: "Would I be able to back out of the purchase agreement for that reason alone or would I have to back out on the inspection contingency?"
We always recommend to always be operating within your inspection contingency time period, this way you’re always protected. If the seller is unwilling to sign the addendum, and you were operating out of your inspection time period, then they might be willing to give your EMD (Earnest Money Deposit) back. But I wouldn’t even risk operating outside of the inspection contingency if I were you. You’ll always be protected and always have a back out clause by operating within your inspection contingency time period. There are instances when we do act outside of our inspection time period, but I would only do this if you’re an advanced wholesaler who knows EXACTLY what they’re doing (we've been wholesaling, flipping, & buying & holding houses in California for 10+ years which is why we feel okay to operate outside of the inspection period from time to time). Operating outside of the inspection contingency is not what any beginner wholesaler should do. Too risky and can open up a can of worms if you don’t know what you’re doing.
Your 3rd Q: "Does the addendum have to be presented when the purchase agreement is submitted or would it be added a few days into escrow?"
No, the addendum does NOT have to be presented when the purchase agreement is submitted. I would even say this is discouraged because you don’t want to bring up assigning the contract when you’re first trying to get the property under contract in California (or any other state). Instead, first focus on getting the deal under contract in your name. Once you have the property under contract AND the Cash Buyer lined up and ready/willing to pay you your wholesale fee, then handle the assignment once it is in escrow. Refer back to my answer to your first question to get the lingo down on what to say and how to say it to the agent!
Hope this all helps, amigo!
If you haven’t yet, definitely subscribe because we’ll keep coming with more great content around wholesaling & flipping :D: th-cam.com/users/realestateskills
Also, you seem pretty keen on the process of wholesaling from the MLS with the lingo you already know. You’ll definitely dig our free training on wholesaling & flipping houses from the MLS here: www.realestateskills.com/training?el=htwre21days
🔥^This should light a fire under you and help put more of the puzzle pieces together.
You got this, Mason! Cheers & keep crushing it!
Thank you so much ! Great video learned a lot you are a great teacher
Thank you for the kind words, PassionUni@2.0! 😊
Thank you so much for this information it is truly a blessing
You're very welcome, Wisdom!
Cheers & Happy Wholesaling, Wisdom! 🏘💙
His excitement on his face when he tells us all these tips and tricks are priceless 🤣
Thank you, Cocoa for the comment! I love what I do and what we teach! Learning how to wholesale real estate changed my life and I hope our videos can improve our viewers as well!
Cheers & Happy Wholesaling, Cocoa!🏘💙
thank you so much I'm 18 and a'm working on my first deal
You got this, Nicholas! Love to hear you're taking what you learned and applying it! Can't wait to hear how your first deal goes and what you learn from it.
Don't Give Up, Nicholas! 🏘💙🚀
WOW, Thank you so much for sharing all of this. I would love to learn more!
No problem, Gina! We love to help educate people about wholesaling!
Cheers & Happy Wholesaling, Gina! 🏘🚀
So much value jam packed into a 58-minute video! Thank you!
We're glad you see the value packed into this video, Travis Bradford!
Cheers! 🏠
I’m 19 trying to get in wholesale real estate and this video helped alot love how you cover all 12 steps perfectly
Thank you for showing some love, Chris! You can do this. 🚀
Cheers! 🏠
Hell yea bro you got this! I turn 19 in less than a month and I'm also trying to get into real estate. Don't give up, we gonna get this bread eventually!!
@@jamessanders5939update?
Great video ! Love the content ! Question ? I’m confused on one small part , after the contracts are signed we take it to a title place ? & they’re the ones who we get out wholesaler cut from ? Or how does that transaction work ?
Thanks! Appreciate the love! The agent will send the contract to title/escrow depending on the state you live in, not you. Yes, we typically get paid out through escrow/title. It works by: The Cash Buyer sends money (the purchase price + wholesale fee) to title/escrow, the Seller gets paid the purchase price, and you get paid the wholesale fee.
Here's our free training that will cover these concepts more in-depth :): www.realestateskills.com/training?el=htwre21days
Cheers & Happy Wholesaling! 🏘🚀
☝️☝️Hit up I have a private chat with you ☝️☝️
Thank you Alex for your wholesale information!
You're very welcome, Fernando Lara! 🚀
Cheers! 🏠
This probably the best video I seen so far straight to the point 🎉
AGP thank you, friend! We always appreciate the kind words! We hope to hear from you soon telling us about a deal you put together!
Cheers!🏘
Hey Alex,
Thanks for creating this great content. I’ve been interested in wholesaling real estate for a while so your channel is a great resource. One thing I have been wondering about is what makes fix & flippers want to work with wholesalers instead of just doing this research on their own and cutting wholesalers out entirely? I’m confused about this because I feel like fix & flippers would want to get as low of a price on property as possible, so I don’t understand why they would think there is a need for us in between. If you could clarify this that would be great! Thank you!
Tyler
Hey Tyler! Appreciate the kind words and glad you enjoy our content! :)
To answer your question, there are actually many reasons why fix & flippers would want to work with wholesalers instead of getting every single deal for their company on their own.
Since there are many reasons, I will cover one big reason and you let me know if it makes sense to ya!
Fix & Flippers / Cash Buyers are more than "Cash Buyers." They are also business owners! And when you own a business, you have more responsibilities than just having to find deals...
For example, if you own a fix & flip business you may also be running the marketing for your company, you may be involved in hiring, you may be managing multiple fix & flip projects at a time, you may be working with real estate agents to sell your properties, etc.,
Why a Fix & Flipper pays Wholesalers for deals, and why a Fix & Flipper simply doesn't put all the properties available under contract for themselves is because of one thing: TIME.
Fix & Flippers DO NOT have enough TIME to put all the deals available under contract. So, you, as a wholesaler provide a massive amount of value for a Fix & Flipper by getting deals under contract. If a Fix & Flipper wants your wholesale deal, now all they have to do is sign an assignment agreement and pay you ~$10,000 for the deal. Now they have a fix and flip deal for their company that may pull in $30k, $40k, or $50k+ of profit for them!
Not all fix & flippers are the best at finding deals. Some may be fantastic at the project management side of the business, but have a hard time getting deals under contract.
Also, even if a fix & flipper is great at getting deals, a lot of them have an appetite for more deals! You, as a Wholesaler, help fulfill this appetite!
Make sense? :)
Also, in our latest video we released this week, I talk about “Why Fix & Flippers Pay Wholesalers!” You can check out the specific spot in the video where I answer this question here: th-cam.com/video/-7PjhqO8GR0/w-d-xo.html
Please definitely shoot us a SUBSCRIBE & a LIKE if you haven’t yet, Tyler! :D
Cheers & Happy Wholesaling! 🏘🚀
Great question!
Amazing question..
@@RealEstateSkills FUCK YES! Honest to god, I don't think I've ever commented on a video. THIS IS GOLD
I’m 20, years old, already in business now running a clothing brand, but being an investor has always been one of my dreams. This is really gonna change my life. Thank you for this information.
hope you make it bro
You got this, It’s Mee Qouyaa! We wish you the best of luck on your real estate investing journey!
Cheers! 🏠
God bless you more! These information is golden. Thank you so much!!! I am taking notes. Keep these informative videos coming.
We're happy to help, Jan! Thanks for showing some love in the comments. 😊
Cheers! 🏠
Great info! Thanks for sharing.
Thank you, Pam! Thank you for sharing some love in the comments. 💙
Cheers!🏘
Very informative video, and by the way i am a Licensed Real Estate Agent in Chicago, IL, and i’ll be glad to work with those who want to make deals here!
Hello, Petru! We're glad you like the video. 😊
We actually wrote an article talking about wholesaling in your area! We think you will love the information in there. Here is a link: www.realestateskills.com/blog/how-to-wholesale-illinois?el=htwre21days
Cheers & Happy Wholesaling, Petru! 🏠
This was very informative! Definitely going to be watching more of your videos. I do have a question- what about a proof of funds letter for wholesalers? How does that work?
Hey Ashley - Super glad this was helpful for you! :)
Yes, when wholesaling on market real estate deals with agents from the MLS you’re going to want to use a proof of funds. I even encourage you to have a proof of funds handy for off-market deals, too. It will help with your credibility, authority, & closing ability as a real estate wholesaler in all departments.
It’s okay if you personally do not have the funds. When I started wholesaling & flipping real estate 10+ years ago I was $30k in school debt and didn’t have the funds either…but I wrote out exactly how to get a proof of funds letter in the article below.
This is exactly how I got started and got my first proof of funds letters. Here’s the article on "How To Get a Proof of Funds letter For Wholesaling": www.realestateskills.com/blog/proof-of-funds-letter?el=htwre21days
^Definitely check out the article since it’s all about the Proof of Funds. You’ll learn ton!
For the dollar amount of the proof of funds you want to make sure that the proof of funds is at, or above your offer price. And, it can help if the proof of funds to have a larger amount than your offer price, so that if the seller counters, then you won’t need to get a new proof of funds if you have to come up in your price.
For example, if you want to offer $300,000 on a property, then your proof of funds would need to have at least $300,000 on it. Just to mention it again, I recommend that the amount of money on the proof of funds is higher than your original offer price in case the seller counters your offer, and you have to come up in your offer price, you won’t then need to go out and get another proof of funds letter!
Check out the article link above and look at the headings that say: “How To Get Proof of Funds From A Cash Buyer Investor” & “How To Get A Proof Of Funds Letter From A Hard Money Lender” - I wrote out how to get a legitimate proof of funds from those two types of people in the article.
Hope this answers all your questions, Ashley!
Please shoot us a subscribe if you haven’t yet! We’ll be sure to come out with more great vids on wholesaling real estate :D
Cheers & Happy Wholesaling! 🏘
Hey Ashley! Since you had your previous question about proof of funds... wanted to let you know we just released a new step-by-step video on how to get proof of funds letters for wholesaling (free & instantly) here: th-cam.com/video/RGdJ-bquL5E/w-d-xo.html
Thought you'd find the video helpful :) Cheers!
Hi Ashley, I actually fund wholesalers EMD and even use MY proof of funds to help the deal out. Message me and I will be happy to answer any questions.
I’m super happy that This is super detailed in the next month or two I’m gonna try my best to get this done
Super happy you got a lot out of this vid! Our goal was to make this the best step by step video on how to wholesale real estate on the internet :)
You got this. Time to make it happen!
Thank you so much, I truly learned a lot today.
You're very welcome, Twanna! We are glad you learned a ton from our video.
Cheers & Happy Wholesaling, Twanna! 🏡💙
PHenominal delivery and information in a step-by-step easy to consume format. Thanks Alex!
Thank you, Brian! We put a ton of effort into these videos and we appreciate the kind words.
Cheers!
OMG! You just saved my Life! God sent me this video… I’ve never heard anything about you nor did anyone refer me to your videos…🙏🏽 You just filled in all the Gaps in the wholesaling process for me! 😊 Thank You for being so patient & technical not missing the steps 🥰
Lajoy! Thanks so much for your comment! It truly means so much! So glad you found our video :) Super glad it filled in all the steps of wholesaling for you! Keep spreading great vibes!
Please shoot this video a Like & Subscribe if it was helpful for you! Much love!
Cheers & Happy Wholesaling! 🏘🏘
thanks for breakdown. very helpful!
We're stoked you enjoyed the video, Piere Joubert!
Cheers! 🏠
Very informative! And just subscribed, thanks.
Thank you very much, Gozy for your kind words and for subscribing! I'm glad to hear that you found the information I provided informative. If you have any further questions or topics you'd like me to cover, feel free to ask and I'll do my best to provide helpful answers.
Cheers & Happy Wholesaling, Gozy! 🏘💙😊
Hey Alex, great video! My only questions are a) what does the dispo side look like? is it just like a traditional wholesale deal? and b) won't agents ask for/require proof of funds? and if they do, what is your recommendation on how to get one? Thanks!
Hey Rene, thanks for the comment! Glad you enjoyed the step by step vid!
For the disposition side, as mentioned in the video, we recommend finding 3-5 local & quality Cash Buyers who are actually fixing & flipping multiple deals per month in the market you'll be wholesaling in. Now you can find the EXACT properties that they want and have a high certainty of confidence they'll buy your wholesale deals because they're the exact deals they want.
When you get the deal under contract, now contact your Cash Buyers letting them know the details of the deal. Now your Cash Buyers can go view the property and see if they'll buy the property.
Once you have a Cash Buyer who agrees to your price with your wholesale fee built in, then construct the assignment agreement. This assignment agreement will be sent to title/escrow to ensure you get paid your assignment fee / wholesale fee. You can structure this assignment however you want. For example, you can get 100% of your fee paid at closing, or you can get 50% when the assignment is signed & 50% when the deal is closed.
Here's a link with an example of an assign agreement you can download: www.realestateskills.com/wholesale-real-estate-contracts-dl?el=htwre21days
Yes, quality agents will ask for a Proof of Funds - completely normal Here's a link to our article we wrote on exactly How To Get A Proof Of Funds Letter below: www.realestateskills.com/blog/proof-of-funds-letter?el=htwre21days
Go through this article when you get the chance because you’ll learn a ton and learn how to get a proof of funds letter for wholesaling real estate. In the article, be sure to look at the headings that say: “How To Get Proof of Funds From A Cash Buyer Investor” & “How To Get A Proof Of Funds Letter From A Hard Money Lender” - We wrote out how to get a legitimate proof of funds from those two types of people in the article.
BOOM! Time to make it happen!
Cheers & Happy Wholesaling! 🚀🏘
Hey Rene - RE: your question on how to get a Proof of Funds... we just released a new video on: "How To Get A Proof of Funds Letter For Wholesaling (For Free)" here: th-cam.com/video/RGdJ-bquL5E/w-d-xo.html
^In the video, we show you exactly how to get unlimited Proof of Funds Letters instantly for all of your wholesale deals the fastest & easiest way possible without having to use any software & without having to make any phone calls. We also go over how to think about working with real estate agents and how the proof of funds applies to working with real estate agents!
Wanted to let you know since you had the previous question about Proof of Funds Letters!
Cheers!
More information than what I got from a 3hour online webinar!
BOOM! Thanks EJ! Love hearing that! Glad this video was helpful for you! :D 🚀
Thank you. I will use these strategies
Glad to hear it, Ann! You got this! 🚀
Cheers, & Happy Wholesaling! 🏠
This was GREAT....Thanks So Much
Thank you for the kind words and you're very welcome, Kameelah Johnson! 😊
Cheers! 🏠
Hey Alex, this video was extremely detailed and so helpful, and for that I thank you, truly! I do have one question. If the seller’s agent wouldn’t like word “wholesalers”, what would I say my actual intentions are when trying to build rapport during the discovery call?
Hiya! I'm about to get started doing this myself! I have thought the best action will be to say "Hello my name is ___ and I am aember of a group of real estate investors that are looking to buy houses fast for cash. Blah blah blah"
Hey Devin, glad you enjoyed the video and found it helpful! I appreciate the thanks and you are very welcome!
Approach the situation as the buyer/investor. Your intentions are that you are a buyer/investor and you're looking to buy the house with you & your partners. When you put a property under contract, you are the INITIAL buyer/investor so it's best to actually act like it and portray that. It's only the people that don't understand this that say "Hi, I'm a wholesaler, etc.," which is what you don't want to do!
Also, agents want to deal with decision makers...you are a decision maker when you are the buyer/investor on the deal. By saying "I'm just a wholesaler" you are implying that you are not a decision maker.
My bf is doing this currently, and I’m genuinely impressed. Money is FLOWING. We’re both 20, both uni drop outs. Thanks for the video. With the help of this and my bf I’m going to try this!
That's fantastic to hear, Rachel! I'm thrilled that your boyfriend is already implementing the ideas from the video and experiencing success with it. It's inspiring to see how money is flowing for both of you at such a young age.
Dropping out of university doesn't define your potential for success, and it's great that you're motivated to try this approach as well. With the guidance of the video and the support of your boyfriend, you have a solid foundation to start your own journey toward financial prosperity.
Cheers & Happy Wholesaling, Rachel! 🏡🚀
has he faced any challenges with being so young? i’m also 20 and looking to start wholesaling
Could u get me In Contact with your husband
Do you need a VA for cold calling or acquisitions?
Very detailed explanations, thanks much.
Hey Dinah, glad it was helpful! You are very welcome!
Lots of great information!!! Thank you for your content!
We're stoked you loved the info we provided in this video!
Cheers & Happy Wholesaling, Lupe! 🏠🚀