Phenomenal breakdown of why wholesalers earn their keep! Real estate investors are always looking for great deals, and wholesalers get paid by feeding this insatiable demand for excellent real estate deals. Great stuff!
@@RealEstateSkills I have zero experience in wholesaling, but Iv been watching your videos over it and I get the gist of it, so would I be able to hop in a call with you?, even if I have a minimum experience in wholesaling?
🔥 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=ytowygp
Thanks, Gregory!!! Definitely be persistent and creative to make yourself stand out with these Cash Buyers! Most people hear no and just stop so try to find a way to bring value and get your foot in some doors! Cheers, Gregory! 🏘🚀
We're stoked you loved the video, Mirna! Yeah definitely check those videos out and drop any questions you have in the comment section! Who knows you might be featured in one of our future videos! Cheers & happy Wholesaling, Mirna! 🏘😊
Hey there, Diego! Thanks for asking your question in the comments! That is a great idea and we will add it to the list of videos to make! Cheers & Happy Wholesaling, Diego!🏘💙
Wait Alex, in the other video you said reach out to the agents using MLS, now you're saying reach out to the cash buyers. Do cash buyers have their own agents looking for deals? Or we can just skip the agents and go straight to cash buyers? Or do both? Great video btw, im just slightly confused
Reach out to both. Agents have deals that you can get under contract. Cash buyers actually buy the deals you get under contract. 👍 thanks for the support. Keep crushing it!
The question I have is, aren't the cash buyers/investors/flippers you're planning to market these contracts to looking in all the same places for deals? You're essentially trying to find the good deals before they do and mark them up. Is that about right?
Hello, User! You are providing a great service to your cash buyers by taking 1/3rd of their job off their plate. This frees up time for them to focus on dealing with the other 2/3's of their business allowing them to scale. Cheers! 🏠
@@RealEstateSkillshow do I make sure the property is good though? Do I need an inspection before putting it under a contract? Wouldn’t it make more sense to the cash buyer?
Hello, Daniel! You will be working with a real estate agent that will typically take care of the contract. That being said, you need to read through it before signing and also ask to include things such as an inspection contingency. Cheers! 🏠
Thank you for creating this video. It was incredibly informative and well-produced. I really appreciated the attention to relationships, and creating win-win scenarios!
I'm an agent in Florida and I'm having a tough time understanding the legality of wholesaling and making sense of it. Is it legal for an active agent to wholesale at the same time?
Hello, Julie! Thanks for taking the time to ask your question in the comments! So for starters each state has different rules for wholesaling real estate. This is an article we wrote talking all about wholesaling in the state of Florida: www.realestateskills.com/blog/how-to-wholesale-florida We think you will really dig it! Being an agent can give you additional benefit since you already will have access to the MLS as well as unique wiggle room when closing a deal. We have a student Michael whom we did an interview with that actually talks all about the benefits of having a real estate license and how he has been able to use it to his advantage to close his wholesale deals! Here is a link to that interview: th-cam.com/video/GKnCTBrfyqk/w-d-xo.html There are some gems in that video that I think you will pull a lot of value from. If you have anymore questions please don't hesitate to ask! Cheers & Happy Wholesaling, Julie! 🏘💙🚀
But one question is in one of your videos you said the real estate agent gets paid 2x the commission but that they also hate the word wholesalers and to introduce ourselves as investors can you explain how they get 2x the commission please
Hello again, Kaelee! Yeah, let me explain how this works! So if you have the listing agent represent you/your cash buyer as the buying agent, they will receive the commission on both sides of the deal. This gives them the incentive to work with you! I hope this clears things up for you. Cheers & Happy Wholesaling, Kaelee! 🏘🚀
Hello, WrxttenByCxm! You as the wholesaler would be getting the property under contract and then assigning it to your cash buyer. Then your cash buyer would pay you your wholesale fee. Cheers! 🏠
Hello, Flo! Thanks for taking the time to ask your question in the comments! We're happy to see you're loving the content we put out! I want to make sure I'm answering your question clearly so lets use these terms to make it clear. There is the listing agent (Agent representing the seller of the home), the buyers agent (Agent representing the buyer of the home, and the cash buyer (your partner who is bringing the cash to the deal). If you are a licensed real estate agent you can sometimes depending on your state represent the buyers side and receive both a sales commission an a wholesale fee. Also being able to opt-out of the buyers commission can lead to extra wiggle room in negotiating with the listing agent because you can 2x their commission. Here is a video of one of our students Michael, who uses this negotiating technique to close multiple wholesale deals: th-cam.com/video/GKnCTBrfyqk/w-d-xo.html We think you will dig what he has to say! I Hope this answers your question if not feel free to clarify exactly what you want to know! Cheers & Happy Wholesaling, Flo!🏘😊
I have zero experience in wholesaling, but Iv been watching your videos over it and I get the gist of it, so would I be able to hop in a call with you?, even if I have a minimum experience in wholesaling?
Hey there, Joshua! We all start in the same place you are, so not to worry! I think you will dig our free training here: www.realestateskills.com/training?el=ytowygp This will give you a good idea of what we do and how we do it. Once you've gone through that you can schedule a call with our team! Cheers and look forward to hearing from you soon, Joshua! 🏘💙🚀
Question: I found a cash buyer, he said the only criteria he has is he wants the houses Arv at 50%. I may be over complicating this, I know how to figure out the Arv, but I’m confused on making sure the house is at 50% Arv
Hello, Allison! In my experience, if this cash buyer is only doing deals on properties at an ARV (After Repair Value) of 50%, they are not doing many deals at all. My advice is to find a different and more experienced professional cash buyer. As a reminder ARV is a real estate term that refers to the estimated value of a property after it has been renovated or repaired. The ARV is typically calculated by analyzing the sale prices of similar properties in the area that have already undergone similar renovations or repairs. Real estate investors often use the ARV to help determine the potential profit of a property investment after the necessary repairs or renovations have been completed. Cheers & Happy Wholesaling, Allison! 🏘🙂
So if i dont write the contract and the listing agent does, how do i put my fee? Because won’t the listing agent put the property price agreed and then the cash buyer will see the lower price
That's correct LuhRay, the agent will put in the contract at what the sale price was for the property. You get your wholesale fee from your cash buyer based on the amount you can negotiate the property down to vs what you sell it to the cash buyer! For example lets say you find a house that fits your buyer's buying criteria at 250k and you negotiate it down to 230k. When you go to sell it to your cash buyer for the 250k, which they have already explained is what they would be willing to pay, you get a wholesale fee for the difference. In this example, it would be a 20k fee to you. Your cash buyer is going to know that is how you make your money and be happy to pay it because you are saving them a ton of TIME and RESOURCES! A sophisticated cash buyer will have no problem with you making your fee because they want a long-lasting mutually beneficial relationship also! Cheers & Happy Wholesaling, LuhRay!🏠🚀
Hey, I'm Kevin, a teenager trying to get into wholesaling. I have watched all the videos from this one today up in till 9 months ago, "how to find cash buyers for free!" Every video is really informative and motivates me to learn more about wholesaling. In fact, I have already downloaded and copied your script of how to talk to cash buyers. That way when I do make the first phone calls to buyers I have somewhere to write down their answers and know what to ask them. I even made a script based on the information you gave me on step 4 in the video, "How to wholesale real estate step by step (in 21 days or less)" that way I know what to tell and ask the agent and have somewhere to write it down. I just had three subjects I wanted to ask questions about. 1.) How do you know what to charge for your wholesale fee? I know that you say 10,000 is the amount to strive for but when can I say, "hey this is a really good deal for the cash buyer, I could possible charge more for the wholesale fee." Is there a way to calculate that numbers to show the cash buyer how you came up with those numbers? 2.) When I watched "How to get a proof of funds letter for wholesaling (FREE!)." I got intimidated by the big numbers I saw. I understand what proof of funds is, but does it also mean I have to have that type of money on hand if it comes down to it? 3.) Throughout the wholesaling process from making that first cash buyer call till the day you cash out that check, do you ever need to show or send copy of you ID or SSN or any other type of paperwork at all? Looking forward to a response. Thankyou for your time.
Phenomenal breakdown of why wholesalers earn their keep! Real estate investors are always looking for great deals, and wholesalers get paid by feeding this insatiable demand for excellent real estate deals. Great stuff!
Great point, Ryan! Thanks for the comment!
Cheers! 🏡🚀
@@RealEstateSkills I have zero experience in wholesaling, but Iv been watching your videos over it and I get the gist of it, so would I be able to hop in a call with you?, even if I have a minimum experience in wholesaling?
Please dont stop making these videos on wholesaling ❤️❤️
We don't plan on stopping anytime soon, Kaelee! Thank you for the continued love in the comments!
Cheers & Happy Wholesaling, Kaelee! 🏘💙
🔥 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=ytowygp
Great video! Never take no for an answer! Persistence! Confidence!
Thanks, Gregory!!! Definitely be persistent and creative to make yourself stand out with these Cash Buyers! Most people hear no and just stop so try to find a way to bring value and get your foot in some doors!
Cheers, Gregory! 🏘🚀
I really enjoyed the video and information you have provided and I will be checking out the other videos you have mentioned. 🔥
We're stoked you loved the video, Mirna! Yeah definitely check those videos out and drop any questions you have in the comment section! Who knows you might be featured in one of our future videos!
Cheers & happy Wholesaling, Mirna! 🏘😊
God bless you bro. I am just getting into exploring wholesaling/the real estate game, and your videos are helping me a lot. Please keep them coming!
Happy to help, JJ! Can't wait to hear when you get your first deal under contract!
Cheers & Happy Wholesaling, JJ! 🏘💙
Love this!! Super informative!
Thanks, Max!
Cheers! 🏡💙
Literally answering all my questions
That's what we aim to do, Kaelee!
Cheers!🏘😊
✅Excelente Información!🔥🔥
No problemo, Rivera! 😊
hey Alex , can you make a video on making contract templets ... or on how to get them ?
Hey there, Diego! Thanks for asking your question in the comments! That is a great idea and we will add it to the list of videos to make!
Cheers & Happy Wholesaling, Diego!🏘💙
@@RealEstateSkillsare there templates already?
Wait Alex, in the other video you said reach out to the agents using MLS, now you're saying reach out to the cash buyers. Do cash buyers have their own agents looking for deals? Or we can just skip the agents and go straight to cash buyers? Or do both? Great video btw, im just slightly confused
Reach out to both. Agents have deals that you can get under contract. Cash buyers actually buy the deals you get under contract. 👍 thanks for the support. Keep crushing it!
The question I have is, aren't the cash buyers/investors/flippers you're planning to market these contracts to looking in all the same places for deals? You're essentially trying to find the good deals before they do and mark them up. Is that about right?
Hello, User! You are providing a great service to your cash buyers by taking 1/3rd of their job off their plate. This frees up time for them to focus on dealing with the other 2/3's of their business allowing them to scale.
Cheers! 🏠
@@RealEstateSkillshow do I make sure the property is good though? Do I need an inspection before putting it under a contract? Wouldn’t it make more sense to the cash buyer?
How do you construct the contract ?
Hello, Daniel! You will be working with a real estate agent that will typically take care of the contract. That being said, you need to read through it before signing and also ask to include things such as an inspection contingency.
Cheers! 🏠
Thank you for creating this video. It was incredibly informative and well-produced. I really appreciated the attention to relationships, and creating win-win scenarios!
You're very welcome, Sosa! Thanks for sharing some love in the comments! We're happy you're loving the content.
Cheers & Happy Wholesaling, Sosa! 🏘💙
I'm an agent in Florida and I'm having a tough time understanding the legality of wholesaling and making sense of it. Is it legal for an active agent to wholesale at the same time?
Hello, Julie! Thanks for taking the time to ask your question in the comments!
So for starters each state has different rules for wholesaling real estate. This is an article we wrote talking all about wholesaling in the state of Florida: www.realestateskills.com/blog/how-to-wholesale-florida
We think you will really dig it! Being an agent can give you additional benefit since you already will have access to the MLS as well as unique wiggle room when closing a deal. We have a student Michael whom we did an interview with that actually talks all about the benefits of having a real estate license and how he has been able to use it to his advantage to close his wholesale deals!
Here is a link to that interview: th-cam.com/video/GKnCTBrfyqk/w-d-xo.html
There are some gems in that video that I think you will pull a lot of value from. If you have anymore questions please don't hesitate to ask!
Cheers & Happy Wholesaling, Julie! 🏘💙🚀
But one question is in one of your videos you said the real estate agent gets paid 2x the commission but that they also hate the word wholesalers and to introduce ourselves as investors can you explain how they get 2x the commission please
Hello again, Kaelee! Yeah, let me explain how this works! So if you have the listing agent represent you/your cash buyer as the buying agent, they will receive the commission on both sides of the deal. This gives them the incentive to work with you! I hope this clears things up for you.
Cheers & Happy Wholesaling, Kaelee! 🏘🚀
Who gets the property under contract?would it be the wholesaler or the agency to buy the rights to the property and by the wholesaler the seller fee?
Hello, WrxttenByCxm! You as the wholesaler would be getting the property under contract and then assigning it to your cash buyer. Then your cash buyer would pay you your wholesale fee.
Cheers! 🏠
I do have a question, If I'm wholesaling the property, can you get commission representing the buyer beside the buyer fee?
Hello, Flo! Thanks for taking the time to ask your question in the comments! We're happy to see you're loving the content we put out!
I want to make sure I'm answering your question clearly so lets use these terms to make it clear. There is the listing agent (Agent representing the seller of the home), the buyers agent (Agent representing the buyer of the home, and the cash buyer (your partner who is bringing the cash to the deal). If you are a licensed real estate agent you can sometimes depending on your state represent the buyers side and receive both a sales commission an a wholesale fee. Also being able to opt-out of the buyers commission can lead to extra wiggle room in negotiating with the listing agent because you can 2x their commission.
Here is a video of one of our students Michael, who uses this negotiating technique to close multiple wholesale deals: th-cam.com/video/GKnCTBrfyqk/w-d-xo.html
We think you will dig what he has to say!
I Hope this answers your question if not feel free to clarify exactly what you want to know!
Cheers & Happy Wholesaling, Flo!🏘😊
I have zero experience in wholesaling, but Iv been watching your videos over it and I get the gist of it, so would I be able to hop in a call with you?, even if I have a minimum experience in wholesaling?
Hey there, Joshua! We all start in the same place you are, so not to worry! I think you will dig our free training here: www.realestateskills.com/training?el=ytowygp
This will give you a good idea of what we do and how we do it. Once you've gone through that you can schedule a call with our team!
Cheers and look forward to hearing from you soon, Joshua! 🏘💙🚀
Question:
I found a cash buyer, he said the only criteria he has is he wants the houses Arv at 50%.
I may be over complicating this, I know how to figure out the Arv, but I’m confused on making sure the house is at 50% Arv
Hello, Allison! In my experience, if this cash buyer is only doing deals on properties at an ARV (After Repair Value) of 50%, they are not doing many deals at all. My advice is to find a different and more experienced professional cash buyer.
As a reminder ARV is a real estate term that refers to the estimated value of a property after it has been renovated or repaired. The ARV is typically calculated by analyzing the sale prices of similar properties in the area that have already undergone similar renovations or repairs. Real estate investors often use the ARV to help determine the potential profit of a property investment after the necessary repairs or renovations have been completed.
Cheers & Happy Wholesaling, Allison! 🏘🙂
So if i dont write the contract and the listing agent does, how do i put my fee? Because won’t the listing agent put the property price agreed and then the cash buyer will see the lower price
That's correct LuhRay, the agent will put in the contract at what the sale price was for the property. You get your wholesale fee from your cash buyer based on the amount you can negotiate the property down to vs what you sell it to the cash buyer!
For example lets say you find a house that fits your buyer's buying criteria at 250k and you negotiate it down to 230k. When you go to sell it to your cash buyer for the 250k, which they have already explained is what they would be willing to pay, you get a wholesale fee for the difference. In this example, it would be a 20k fee to you. Your cash buyer is going to know that is how you make your money and be happy to pay it because you are saving them a ton of TIME and RESOURCES! A sophisticated cash buyer will have no problem with you making your fee because they want a long-lasting mutually beneficial relationship also!
Cheers & Happy Wholesaling, LuhRay!🏠🚀
@@RealEstateSkills okay thank you, but the cash buyer could also be a jerk and say no im not paying you too right😭😂
Hey, I'm Kevin, a teenager trying to get into wholesaling. I have watched all the videos from this one today up in till 9 months ago, "how to find cash buyers for free!" Every video is really informative and motivates me to learn more about wholesaling. In fact, I have already downloaded and copied your script of how to talk to cash buyers. That way when I do make the first phone calls to buyers I have somewhere to write down their answers and know what to ask them. I even made a script based on the information you gave me on step 4 in the video, "How to wholesale real estate step by step (in 21 days or less)" that way I know what to tell and ask the agent and have somewhere to write it down. I just had three subjects I wanted to ask questions about.
1.) How do you know what to charge for your wholesale fee? I know that you say 10,000 is the amount to strive for but when can I say, "hey this is a really good deal for the cash buyer, I could possible charge more for the wholesale fee." Is there a way to calculate that numbers to show the cash buyer how you came up with those numbers?
2.) When I watched "How to get a proof of funds letter for wholesaling (FREE!)." I got intimidated by the big numbers I saw. I understand what proof of funds is, but does it also mean I have to have that type of money on hand if it comes down to it?
3.) Throughout the wholesaling process from making that first cash buyer call till the day you cash out that check, do you ever need to show or send copy of you ID or SSN or any other type of paperwork at all?
Looking forward to a response. Thankyou for your time.
Hey, I noticed you liked my comment. Will I be getting any answers?
NICE
Thanks, Johnny! Happy to see you love the video!
Cheers!🏘💙