How Adiel made over $101,000 on Just One Wholesaling Deal & Closed 40+ More!
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- เผยแพร่เมื่อ 19 ก.ย. 2024
- How Adiel made over $101,000 on Just One Wholesaling Deal & Closed 40+ More!
In todays video Zach Ginn sits down with Adiel Sanchez about how he was able to make over $101,000 on just One Wholesaling real estate deal & how he was able to close over 40 additional wholesaling real estate deals, and how you can do the same exact thing in your wholesaling real estate business!
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40 deals that fast wow!! 🎉 I’m just about to close my 3rd one and I closed my first deal the same time as him May of last year. 🤯
What market are you in what’s best way you gotten leads
@@IlkanAli I did one deal in Las Vegas and one deal in Jacksonville. About to close my third one that’s under contract in a couple weeks. I’ve struggled with lead generation, which is why my deals are so long apart..
That's great! How may deals have you done now?
@@cozyfortunes are you willing to JV if so let me know im getting started but willing to put in work brother
Adiel's story shows that hard work pays off. Let's keep the positive vibes going and share more success stories!
He’s a man of focus. Most people fail because they get distracted and end up getting less done
I agree! Are you also wholesaling real estate?
That is GREAT!!! I like how he explained doing his Double Close.
Hey!! Are you also wholesaling real estate?
This is video I needed. Great interview !
This is so motivating
Thank you! 🙏🏻
Solid interview!
These live testimonies are amazing! So much congrats to Adiel!
Hey!! Are you also wholesaling real estate? Have you done any deals already?
@@AryannaRivera-y3e no deals yet ive just been studying this whole process
Let’s go brother 🎉
So quick question... on these bigger deals, is he actually disclosing the assignment fee? Seems like that high of a fee would turn an investor off can someone explain? Thanks!
Lookup double closing
Incredible! What title company is that! How do you ask a buyer to use their funds for a double close?!
This is the best Wholesale channel. 🤙🏾💪🏽
Agreed! Hey!! Are you also wholesaling real estate?
This is so motivational! Outstanding!
Thank You for sharing, get'n inspired over here.....🦋
) pool photos from 0u.s. 0
Hey! Are you also wholesaling real estate? Have you done deals already?
This was so good
Great pod!
Great video.
I definitely want va’s!
Hey! Have you done wholesale deals already?
Awesome story!
So Awesome!
If anyone has buyers in Indianapolis let me know! 🤙
Hey! How many wholesale deals have you done?
How did he made this money only over the phone or physically Going or convince them.
I have a question….
Sellers price is $100k
Looks like about $5k is needed in repairs.
I shall negotiate $90-95k correct?
Then I find cash buyer & tell me what amount?
what’s ARV?
Depends on the ARV. I would take the ARV minus up to 14% for investor’s profit in a decent market based on median sale price, median days on market, and homes sold (check Redfin), and then minus 6% for realtor commissions and 1% for closing costs, then minus repair costs and how much you want to make, but no less than $5k to be safe, then that’s your offer. If seller’s asking price is significantly higher then it’s not a deal.
If title uses the BC funds to fund the AB, are there still two sets of closing costs and if so who pays for the closing costs for AB?
Great question! im def dropping a comment here so if anyone responds i get a notification and hopefully get an answer too😂
If title is using funds from the BC closing to fund the AB transaction, there would still be separate closing costs for both the AB and BC transactions, because even though the same title company is handling both transactions, the AB and BC deals are still distinct transactions and the closing costs are allocated to buyer/seller accordingly in each deal.
@@maria-hartman thank you!!!
What is a "HUD"?
Settlement Statement that breaks down all the items in the transaction such as who pays and gets paid for what. This is given to all parties by the title company before the final closing docs are signed to make sure everything’s clear to everyone before finalizing the sale
I should add, this is also where your assignment fee will be shown.
Which Title company do you use Adiel?? I’d love to use them!!
same here. I work that part of Fl
Hey! Have you done wholesale deals already?
🔥🔥🔥
Only done 4 deals in two years. Im a complete failure 😢
A complete failure would mean never trying . What’s things looking like for you now ?
These are the reasons why I cant find deals
Is it because you don’t use VA’s?
@@mactrilogy8561 it’s not what every beginner wholesaler use. The fact is I’m dead broke and can’t afford to hire a VA
I’m in Louisville ky and would like to know how to go about making my first deal. I have a house that I can get under contract but the owner wants me to find a cash buyer before letting me get it under contract. I have never did anything like this before but I love learning about it and look at every video. I jus started my job at ford but I don’t have the capital to buy your free wholesale courses so maybe if I Jv this deal I can get you to help me and I get the course free and we both make money. The owner got the house at 143,000 and now it’s worth around 220,000 - 240,000. The owner wanted 220,000 but I said if I get cash buyer can you come down around 200,000 or 210,000. She said that’s ok but I needed a cash buyer. So if anyone with any information I can take to get my very 1st deal done I would love the help and my god bless you all. Thanks for your time.
Hey I’m in Louisville too I can try to connect you with one of my buyers
Hey I think I'll be able to help you jv this deal. Is there a way I can contact you?
Why do people double close
Here are some situations you’d use double close: to keep your wholesale fee confidential, used in cases where the fee is large like 20k+. If the contract with seller explicitly restricts assignments perhaps because you’re dealing with a realtor. Or if they have an attorney that gives you crap about assignments. Or if seller is weary or outright against assignments. But to do a double close the wholesale fee must be large enough to account for potential closing costs you’d have to pay in the A to B transaction as well as any fee for transactional funding. In this wholesaler’s case he didn’t use transactional funding but rather the funds from the buyer through the B to C transaction to pay for it.
Perfect answer@@cozyfortunes . By the way, I fund transactional costs as well.
@@cozyfortunesappreciate you replying to these comments and educating
Guy is legit 👌
Is it possible to wholesale in DE PA or NJ? Please help I live in north DE.
Of course!
Hey! Have you done wholesale deals already?
What tools he used for
Some govt lists and sounds like propstream on the vacant tired landlords