HOW I MADE $54,000 ON MY FIRST WHOLESALE DEAL EVER!!

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  • Опубликовано: 22 дек 2024

Комментарии • 235

  • @kellya8425
    @kellya8425 Год назад +6

    Good job man! We have just completed our 2nd wholesale deal. Our 1st was a JV. Our 2nd we did on our own. Rock on dude.

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      That’s awesome bro!!! Keep killing it💪🏼

    • @kellya8425
      @kellya8425 Год назад

      Same--samE, rockon@@JJ_vandeveer

  • @UlySambrano
    @UlySambrano 15 дней назад +2

    That's awesome! I'm just beginning to research and this explains things ok to give an overview on what to do, might hit you up later on!

  • @mrvanhorn07
    @mrvanhorn07 8 месяцев назад +4

    That is genius! I pull many lists but never tried this method. That is very smart to use social media i used to own a collection agency and we'd do that to find ppl but I never thought of bringing that into real estate!

  • @allthings_Nancy
    @allthings_Nancy Год назад +6

    Congratulations on your first deal man!

    • @allthings_Nancy
      @allthings_Nancy Год назад

      JJ that’s great hope! Now I gotta go do my first deal!

  • @ModernGoodness
    @ModernGoodness 2 года назад +12

    Great story man!! Congratulations!

  • @isaiahmalonson504
    @isaiahmalonson504 Год назад +1

    man thats life changing

  • @donaldmorrell7914
    @donaldmorrell7914 7 дней назад +1

    Yo, bro!! that was awesome💯

  • @dylancaldwell6794
    @dylancaldwell6794 Год назад +6

    Dope story, its been a difficult few months of me working consistently cold calling with no deals yet but this reinspired me. Gotta go make some calls now

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +5

      Yes bro all it takes is one deal and it will pop up out of nowhere ! Keep cold calling , D4D and you will get there but don’t give up!

    • @caden1456
      @caden1456 Год назад +1

      Yo man I’m tryna get started i just need help to get started

    • @hulkjones1511
      @hulkjones1511 Год назад +1

      I'll be glad when I can close my first deal 😢

  • @evanclark2499
    @evanclark2499 Год назад +9

    Congrats! This was a great story! You definitely earned that win!

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +3

      Thank you 🙏🏼I appreciate that seriously !

  • @deevlogstoomuch
    @deevlogstoomuch 2 дня назад +1

    Nice video man! 🤝🏽💯

    • @JJ_vandeveer
      @JJ_vandeveer  2 дня назад +1

      @@deevlogstoomuch thanks brotha!!

  • @dejsusnovas7741
    @dejsusnovas7741 3 месяца назад +1

    Congrats man. I had to recently cancel all of my software subscriptions because it was too expensive monthly and I wasn’t getting any good leads. I’m in Buford, GA. I tried driving for dollars, but in my area a lot of these properties are owned by big corporations. I’m feeling super discouraged right now because I’ve been trying to wholesale on and off for about 6 months. Haven’t been able to close a single deal. I know once I close my first deal, it’ll change me and my family’s lives. Not so much about the money but bc I will then see that it’s possible for me to. Wish I could get some help. I’m on a budget but I’m just itching for that first deal

    • @JJ_vandeveer
      @JJ_vandeveer  7 дней назад

      @@dejsusnovas7741 hey brother don’t get discouraged. It’s somthing that takes time and CONSISTENT effort. If I were you I would save up some money and put 300 bandit signs out and you’ll have a good chance of getting a deal !

  • @MarioBros711_
    @MarioBros711_ Год назад +2

    Thanks for sharing brotha 👍🏼👍🏼

  • @Jennie-h3m
    @Jennie-h3m Год назад +1

    Hey in interest but i help understand what im doing before actually jumping in

  • @richardgomez1458
    @richardgomez1458 Год назад +1

    That’s up congrats!

  • @elijalev588
    @elijalev588 Месяц назад

    Awesome 👍🏽Love the Energy

  • @theartistphiljc7682
    @theartistphiljc7682 Год назад +1

    PERSISTENCE!!!!!!!

  • @juancarrera6604
    @juancarrera6604 Год назад +1

    Great video! Keep them coming! Subed!

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      I’ll be uploading some more videos soon!

  • @MzDior
    @MzDior Год назад +1

    And congratulations 🎊

  • @skellam2
    @skellam2 Год назад +1

    Congrats! That's awesome!

  • @IsaiahQFreeman
    @IsaiahQFreeman Год назад +4

    Love your consistency! Congrats! 💰

  • @joseguerrero495
    @joseguerrero495 Год назад +1

    Awesome bro I definitely need to learn this

  • @alonsobermudez7321
    @alonsobermudez7321 Год назад +2

    Congrats but I want to see more of this

  • @Bearerof_Christ
    @Bearerof_Christ Год назад +1

    Wow man that's super inspiring

  • @iamvolvo7992
    @iamvolvo7992 Год назад +1

    Great job!!!

  • @Abzii_
    @Abzii_ Месяц назад +1

    Hi, anybody does this in South Florida or need leads in that area? I can find you distressed houses leads.

  • @scorpionbradford8518
    @scorpionbradford8518 Год назад +1

    Great hustle ! I love your consistency ! What made you dbl close ? Tell me, your former and present mentors. Your very inspirational. Its time for you to make another video. The people love your energy !

  • @davej6400
    @davej6400 Год назад +1

    Awesome Story Man.

  • @InterestingLifeTravels
    @InterestingLifeTravels Год назад +2

    ❤ Love this

  • @TopGLands
    @TopGLands Год назад +1

    thankful for this vid man

  • @zinobia_honey
    @zinobia_honey Год назад +1

    Omg congratulations 🍾🎉💕🥴amazing start for sure lol

  • @Lladosfanclub
    @Lladosfanclub 4 месяца назад +1

    Thanks bro I made a $17,000 deal today because of the strategy of leaving the notes you preach in the video, thanks a lot for the info do you offer mentorship? I am trying to explote my leads 😅

    • @JJ_vandeveer
      @JJ_vandeveer  7 дней назад

      @@Lladosfanclub let’s fucking gooo dude !!! Have you done any deals since ??

  • @ccavila323
    @ccavila323 Год назад +1

    Congratulations 🎊

  • @ruthata2068
    @ruthata2068 6 месяцев назад +1

    Thanks for this video JJ! Would love to connect, what's the best way to reach you?

  • @charlesbostic8916
    @charlesbostic8916 Год назад +1

    This video was definitely motivation congrats on your first sale. What part of Indiana are you from?

  • @adansanchez452
    @adansanchez452 10 месяцев назад +1

    AWSOME VIDEO!!!

  • @88_visi0n8
    @88_visi0n8 Год назад +2

    Good stuff Bro, Congrats on the Dub. Did you use the generic assignment and contract? or did you hire an attorney and create your own?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      Another reputable wholesaler in my community let me use his

  • @Buysnackstack
    @Buysnackstack Год назад +5

    Hey bro, First off, congrats and I am glad you are still responding to comments after 7 months. I am 18 and I recently got my LLC to get started. I feel I have everything, the MLS software, the lead list, the contracts already made, but the one part im confused about is the contracts and who to give it to. Should I go on google and search for "closing attorneys" and thats who I give the contract to, pay the earnest money, etc? I know it is mostly up to the seller. And also, how many days does it take to close? I know usually they have do title searches but I'm not sure how long I should put on the inital contract for me to find a buyer for the contract, title search, etc.

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      You can I’ll take the contract and have the seller sign it. You can do this in person using docusign. For closing I’d put 3 weeks out from the day you sign

    • @beptex2858
      @beptex2858 Год назад +1

      What market you’re in? I recently started as well but will start my LLC after first deal.

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      @@beptex2858 indiana and congrats bro!

    • @Bearerof_Christ
      @Bearerof_Christ Год назад

      Title company. Search for title companies on Google they'll all pop up. Ask them questions before doing business with them, to make sure there wholesaler or investor friendly. Ask them stuff like do you guys do assignments or double closings etc. In fact look up Jerry Norton and he'll explain everything. The process after you get a house under contract is called going into escrow. That who you give contracts too and earnest money etc. They handle the whole closing process where everyone gets paid.

  • @CFS2022
    @CFS2022 Год назад +1

    Awesome, sorry, thanks for sharing!!!

  • @WestTexasRancher
    @WestTexasRancher Год назад +1

    Great video

  • @CharisproductionFenix
    @CharisproductionFenix Год назад +1

    Congratulations 🎉🎉🎉. I have a question. Can we connect? New to wholesaling

  • @Keychainjames
    @Keychainjames 3 месяца назад +1

    Good job pimp

  • @marshawndavis4816
    @marshawndavis4816 Год назад +1

    Dope content bro keep going

  • @scubadaddy3739
    @scubadaddy3739 Год назад +1

    Congrats on a good deal man, im just tryina learn and glad I found your channel.

  • @theeproducershine
    @theeproducershine Год назад +1

    This is awesome man!

  • @weareourownheroes_10xoscar4
    @weareourownheroes_10xoscar4 Год назад +1

    Super cool! Thanks for sharing! Definitely motivating, and shows the power of consistency!

  • @ashtonchaney5375
    @ashtonchaney5375 5 месяцев назад +2

    Hey bro great video this was very insightful, i had a quick question about purchasing the property after the tax sale. i’m in texas and we have a 2 yr redemption period but we have to re inburst the original buyer the money they bought the property for plus and some interest and fees and also have to pay the deed price. was just wondering was it the same for you and can the fees become too much to where the deal has no equity left?

    • @JJ_vandeveer
      @JJ_vandeveer  7 дней назад

      @@ashtonchaney5375 so they don’t actually buy the property in full. They are paying the taxes owed and then doing an agreement for a certain price once the redemption period is over. So all you owe them is interest on the taxes they paid off.

    • @JJ_vandeveer
      @JJ_vandeveer  7 дней назад

      Does that make sense ??

  • @AngelJimenez-xb9vw
    @AngelJimenez-xb9vw Год назад +1

    Anyway to reach you where you’ll be able to answer questions

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      You can ask in the comments or DM me on insta @jjwholesales

  • @vannilamango
    @vannilamango Год назад +1

    Amazing!

  • @kirkalirk
    @kirkalirk Год назад +1

    Great job!

  • @royallenwoolforkiii4720
    @royallenwoolforkiii4720 6 дней назад +1

    Excellent job bro is tht deal machine a good software

    • @JJ_vandeveer
      @JJ_vandeveer  6 дней назад

      Yeah its a bit costly but worth it in my opinion. Lot of cool features on it

    • @royallenwoolforkiii4720
      @royallenwoolforkiii4720 6 дней назад +1

      Which plan do u use

    • @JJ_vandeveer
      @JJ_vandeveer  6 дней назад

      @@royallenwoolforkiii4720 I dont currently use it anymore because i work for a company that feeds me leads. We just use a CRM call RI Simpli to manage all of our leads. But when i was on my own i used the highest lan and i think at the time it was around 230-250 a month

  • @ArtisticallyAspiring
    @ArtisticallyAspiring 13 дней назад +1

    Where you at in Indiana? I’m in Indianapolis.

    • @JJ_vandeveer
      @JJ_vandeveer  7 дней назад

      @@ArtisticallyAspiring Fort Wayne !

  • @marwin4038
    @marwin4038 Год назад +1

    Are you still working Tax Lien Cert properties? Would love to work with you on them

  • @forgotforget27
    @forgotforget27 Год назад +6

    how do you find a title company man in ready to start my journey!!

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      Hop on your local REIA Facebook page and ask for title recommendations. Or go to your local REIA meet up and talk to some people and ask who they use! Get after it brother !🙌🏼🔥

    • @detroitl3d
      @detroitl3d 6 месяцев назад

      Why I look this up then come back yo comment popped up 😭

  • @virgobee23
    @virgobee23 Год назад +1

    Awesome!!!

  • @calebrights8712
    @calebrights8712 Год назад +1

    Let’s go!

  • @SaiDronavalli
    @SaiDronavalli Год назад +3

    Congratulations man! I respect your perseverance with the facebook messages.
    Quick question, do you need to show proof of funds before you get into a contract?
    When I bought my primary house, I couldn't make an offer without pre-approval, so I'm wondering if this is the same. Thank you in advance!

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +3

      If it’s off market you don’t need POF but when it’s on market you normally do!

    • @SaiDronavalli
      @SaiDronavalli Год назад +1

      @@JJ_vandeveer So if i try to wholesale a house on MLS, i need to show proof of funds?
      damn I guess I need to focus on off market houses then.
      Thanks!

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +2

      @@SaiDronavalli yes wholesaling on market is a bit harder in my opinion. You can still do it by getting a letter of POF online or by partnering with someone who has POF. But yes I think the best deals are off market

    • @richardgomez1458
      @richardgomez1458 Год назад

      Look up Paul McCommas. You can get a proof of funds letter off his website for free. GL.

  • @sharonthompson8406
    @sharonthompson8406 Год назад +1

    I’m just getting started. How do I get the contracts for them to get the homes under contract?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      Ask some people in your local REIA ho have done wholesale deals if you can use there contract. Or you can pay an attorney which can be expensive.

  • @legendaryrscopridge
    @legendaryrscopridge Год назад +1

    Thanks for sharing!

  • @psalmsgirl2023
    @psalmsgirl2023 Год назад +1

    I could use your help!

  • @devv8
    @devv8 Год назад +1

    Hey bro you think we can link and talk otp about where I can get started? Would love to just pick your brain

  • @MzDior
    @MzDior Год назад +1

    That is amazing! Can I please get some help!

  • @scorpionbradford8518
    @scorpionbradford8518 Год назад +1

    Did you do your deal in your area ? I just subscribed and liked

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      Yes it was local to my area but I have one under contract now I’m working on that’s a little over an hr away

  • @freeoffenisve
    @freeoffenisve Год назад

    if you pay off the houses taxes that means you own the hosue

  • @SleepyMINDZ2024
    @SleepyMINDZ2024 Год назад +2

    The contracts you used did you go over it with an attorney to make sure it has all the right provisions? I live in oregon and it seems like a wholesaler friendly state.

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      I didn’t go over it with an attorney the contract was one I got from a reputable wholesaler I connected with through the local REIA in my city. He had it written by a real estate attorney.

    • @SleepyMINDZ2024
      @SleepyMINDZ2024 Год назад +2

      @JJ_vandeveer awesome, I'll be going to my first meet up on Tuesday

  • @SIENDOGG
    @SIENDOGG Год назад +3

    Do you know how to run comps? I really be needing to know if I’m in a good deal or not 😂
    Also bro, I am new to wholesaling but have done extensive research and have almost gotten one deal under contract. I just was nervous and wanted to make sure it was a good deal. But I think it would be cool if we were to JV together on a deal so I can get the experience and put my knowledge into action

  • @shaneeraparker5866
    @shaneeraparker5866 Год назад +1

    Hey can you tell me the different formulas you use to run comps ?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      Ill make a video on this it would be much easier to explain !

  • @ericphilipmartin1964
    @ericphilipmartin1964 Год назад

    Hey JJ, great story, very detailed. I'm in Chicago, by chance, would you be open to having someone cold-call for you in exchange for mentorship?

  • @66C10L
    @66C10L Год назад +1

    How do you calculate the closing costs, carrying costs, commissions when reselling, etc that the end buyer would subtract from the arv?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +4

      I use the 70% rule when looking for deals. Which includes there profit when flipping as well as closing and other cost.
      So if arv for a house is 100k I take 70% of that.
      70k and subtract reno cost 20k for instance.
      70-20k=50 and then subtract your wholesale fee.
      50k-10k fee = 40k so your buy price is 40k.

    • @66C10L
      @66C10L Год назад +1

      @@JJ_vandeveer just what I needed to understand thank you!

  • @Misionero4Christ
    @Misionero4Christ 4 месяца назад +1

    Did you double close or let the investor see that you made 50 bands? 😂💯

    • @JJ_vandeveer
      @JJ_vandeveer  7 дней назад

      @@Misionero4Christ I double closed but he saw I made the 54k at the table 🤣😅

  • @houdini3413
    @houdini3413 Год назад +2

    Great video man, I'm 16 and me and my close friends have been interested in real estate for awhile, I'm just wondering if the seller and you signed a contract before selling the property to the buyer.

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      That’s awesome get into it early! But yes we did. I signed a PA with the seller and then signed another agreement with the buyer which stated he will buy the property at said closing date.

    • @sahilmongaa
      @sahilmongaa Год назад +1

      @@JJ_vandeveerwhat happens if the buyer doesn’t show up? Do you have to pay full price on the property?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      @@sahilmongaa I’m not 100% sure honestly. My guess would be you would have to cancel the deal. You should definitely vet your end buyer a little and if they are very hard to communicate with or aren’t very responsive then that’s a red flag.

  • @TopScor35
    @TopScor35 5 месяцев назад +1

    Wait, why would you say you can pay off her taxes but it wasnt gonna come from you?

    • @JJ_vandeveer
      @JJ_vandeveer  7 дней назад

      @@TopScor35 originally I thought I had to pay her taxes off before I bought it but then was informed that it can just get paid at the closing table by the end buyer

  • @AISmartHomesFund
    @AISmartHomesFund Год назад

    How do a newcomer find cash buyes

  • @skooby6686
    @skooby6686 Год назад +1

    Where did you get the contracts?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      I used one that a local wholesale/flipper used. I met him through the reia in my town and he let me use his

  • @philw9787
    @philw9787 6 месяцев назад +1

    Did you have double close? Huge assignment fee, cash buyer was cool with making that much?

    • @JJ_vandeveer
      @JJ_vandeveer  7 дней назад

      @@philw9787 yes I did a double close on this one !

    • @JJ_vandeveer
      @JJ_vandeveer  7 дней назад

      @@philw9787 he actually saw how much I was making when we were at the closing table and he was a little mad but he still got a good deal and made money

  • @dee.hartgroves1989
    @dee.hartgroves1989 Год назад +1

    What state are you in . I have a property in tn

  • @1987hines
    @1987hines 3 месяца назад +1

    Wouldn't that leave you with 34,500? 22,000 in taxes, 45,000 to the seller. Sold at 101,500

  • @PandiToons
    @PandiToons Год назад +2

    Great vid JJ, My name is Brian I just started wholesaling a couple months ago about 3 now, and Im driving for dollars constantly I wanted to know if maybe you had any idea of a better way of finding motivated sellers? And also when wholesaling pre-foreclosure do we need to go in with money upfront or does it all get paid off at closing?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      Thank you ! Honestly I think D4D is the most affective way right now. I’ve got a few ideas I’m going to try and if they seem to do well I will share them on my channel.
      You shouldn’t need to bring any money to closing on pre-forclosures. The debt would be paid at closing by your cash buyer I believe. The title company should handle that

    • @OliviersYT
      @OliviersYT Год назад +1

      Y’all should try online

    • @OliviersYT
      @OliviersYT Год назад +1

      Also cold calling

  • @HunterWatson-l8f
    @HunterWatson-l8f Год назад +1

    Hey man I have some questions and I’m trying to get my first deal how can I get in touch with you?

  • @Yn_Andy_
    @Yn_Andy_ Год назад +1

    Ima watch this inna bit ima eat rq brb

  • @ohonbuts6964
    @ohonbuts6964 Год назад +1

    Great story! So how did u make the contract? Or was it the seller of the home who made it.

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      I got the contract from a guy I met through our local REIA. It’s a normal Purchase Agreement nothing fancy. It’s 1 page very easy and straight forward. He actually had a lawyer write it up if I’m not mistaking. So connect with big guys in your reia and they will have contracts for you. I’d focus on getting a deal first tho and then reach out to them.

    • @ohonbuts6964
      @ohonbuts6964 Год назад +1

      @@JJ_vandeveer Ok thanks for the help🙏🏾

  • @fa5102
    @fa5102 Год назад +1

    Hey what Facebook page did you post the house on?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      Brrrr invest

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      I posted the house for sale on a local REIA page where I’m from if that’s what you were asking?

  • @JacobMiller-lt2nc
    @JacobMiller-lt2nc Год назад +1

    This is probably a stupid question, but how do you get it under contract without an actual cash deposit? So you can get the contract signed and have a certain amount of days before it closes? As long as you find an actual buyer before that closing period then you never put your own money down?

    • @ferrenxavier
      @ferrenxavier Год назад +1

      you don't need a cash deposit, just take earnest money out of the contract. Just make sure it's legal in your state.

  • @ccavila323
    @ccavila323 Год назад +1

    Can a title company from another state close or does it have to be in you state?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      I think so but I’m not 100% sure You would have to ask the title company.

  • @calebhorstvlogs7363
    @calebhorstvlogs7363 Год назад +1

    Hey man I’m also very young and interested in pursuing wholesaling and was just wondering if you had to pay for your knowledge you got through courses or what was your experience on that !

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +2

      I’m going to make a video on this soon. But yes I’ve spent money on courses and things to help mindset and things like that. I think it’s a big part of being successful

  • @robertlino3378
    @robertlino3378 Год назад +1

    So the buyer bought the house at 101 and paid off the 22k of liens?? Or how did the 22k get paid??

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      So it was a double closing. I had someone wire over the 45k for the first purchase and the buyer got the difference between 45 and 22k. So she got 45-22=23k. Basically all the lines were paid at closing before she was paid

    • @robertlino3378
      @robertlino3378 Год назад +1

      @@JJ_vandeveer oo ok ride onn , thanks for the response! I'm barely getting into wholesaling real estate myself, & am just trying to understand the money situation if that makes any sense on how much we will be getting, who pays what, & also taxes.

    • @robertlino3378
      @robertlino3378 Год назад +1

      But thanks again! Really appreciate it

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      @@robertlino3378 yes I know what you mean definitely talk to a tax person or a lawyer and have them help you set up your LLC the right way!

  • @terryjohnson7413
    @terryjohnson7413 Месяц назад +1

    Did u do a double closing ?

  • @Lenny-cs9vl
    @Lenny-cs9vl Год назад +1

    How did you do the bidding war?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      It wasn’t planned I just had two people making offers and trying to outbid each other. I told one of them I had a full price offer already and he Said he would pay more then same thing happened with the other guy

    • @arlexb1251
      @arlexb1251 Год назад +1

      ​@JJ_vandeveer what if it had a mortgage and how would you know that they have a mortgage on the home

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      @@arlexb1251 the mortgage would have to be paid off and the seller should know if they don’t for some odd reason the title company will get a pay off statement

  • @Sebastianx115
    @Sebastianx115 Год назад +1

    How do you get it under contract do you have a digital contract ?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      Yes I sent it through docusign

    • @Sebastianx115
      @Sebastianx115 Год назад

      @@JJ_vandeveer Do you have a file you can send me or something you can recommended me to use ?

  • @matthewyonkman5692
    @matthewyonkman5692 Год назад +2

    What are the taxes on a wholesale deal?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +2

      Really good question. So I was set up as an LLC and I was taxed roughly 30% so I payed almost 20k in taxes. But I’m switching to a s-corp which if I were set up originally I was have only payed around 8k

  • @kofi3719
    @kofi3719 Год назад +1

    How did you calculate your take home cash from closing? I’m still confused about that. Is it the difference from what you get the contract under from the seller and what you sell/assign it to a buyer - fees?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +2

      Yes so I bought it for 45k and sold it for 101,500 minus some fees ended up being 54k and some change

    • @robertlino3378
      @robertlino3378 Год назад +1

      ​@@JJ_vandeveer
      So the buyer bought the house at 101 and paid off the 22k of liens?? Or how did the 22k get paid??

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      @@robertlino3378 it was a double close so I had purchase the property cash and then resold it 15 minutes later to the end buyer for the 101,500k. The liens were paid off when I purchased it

    • @backinz
      @backinz Год назад +2

      @@JJ_vandeveerso you bought the property for 45k? Actually cash or through a contract?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +3

      @@backinz It was a double close which means there are two purchases and two closings. So I had another I’m ester who had 45k cash wire it to title on closing. So I actually owned the property for about 30 minutes until I sold it to the end buyer for 101,500. My money lender who wired the 45k charged me $750 to barrow his money for the double closing. So when I sold it to the end buyer he got $750 out of that.

  • @edwinnunez1953
    @edwinnunez1953 Год назад +1

    🔥🔥🔥

  • @kevinperez8784
    @kevinperez8784 Год назад +1

    I have a question, if closing is 30 days and you end up finding a buyer at day 15 and sign a contract with them at day 15, when do you get paid? on the last day of closing or right as everything gets signed and sent to the title company ?

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      Good question. You don’t get paid until closing at the title when the sale is finalized.

  • @AngelJimenez-xb9vw
    @AngelJimenez-xb9vw Год назад +1

    Quick question once you secure the contract and find the buyer what do you tell the seller afterwards assuming they don’t know your basically middleman ing

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      If they ask you can tell them you work with other investors as a deal finder or that this deal worked better for them so your assigning it to them for a fee. Just try to be honest without sounding sketchy.

    • @AngelJimenez-xb9vw
      @AngelJimenez-xb9vw Год назад +1

      Thanks man one more tho once you secure everything do you introduce the buyer to the seller? What do you to them. and what’s the process like when ya go to the title escrow company? Do you ever go to closing

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад

      @@AngelJimenez-xb9vw no you never need to introduce them. You go to closing too and sometimes you’ll be there with the seller and sometimes you won’t it depends on the situation. I never met my seller once I only talked with her over the phone because she lived a couple hrs away

    • @AngelJimenez-xb9vw
      @AngelJimenez-xb9vw Год назад +1

      Sorry I’m asking questions bro is that I’m trying to get started today or at least tomorrow and I’m in a analysis paralysis if you will. BTW I really appreciate you taking your time to answer my question I really do brother. So I want to kind of simplify. 1. Get the seller 2. Secure the agreement 3. Find a buyer. After the seller agrees to the contract you tell them I’ll find a buyer within 30 days? Did she ever ask for proof of purchase? Also do you use docu sign? I’m on RUclips searching the web left and right for info. Ima send you something when I land this deal 👍🏼🫵🏻✅💪🏻💯

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +1

      @@AngelJimenez-xb9vw yes but the seller doesn’t need to know your wholesaling it. Your contract needs to allow you 1-2 weeks of inspection that allows you to back out if necessary. You and the seller have to come with an agreement on the closing date. So 2-4 weeks and the. You have to get the end buyer and he will close on that date. I hope that makes sense. But absolutely no problem bro I love helping when I can!

  • @jockwick5981
    @jockwick5981 3 месяца назад +1

    How many deals have you done since then?

    • @JJ_vandeveer
      @JJ_vandeveer  7 дней назад

      @@jockwick5981 I did 1 deal right after that an partnered with the company I work for now. I’ve worked here a little over a year and I’ve done over 120+ deals

  • @IlkanAli
    @IlkanAli Год назад +1

    What market were you in do you work with others

    • @JJ_vandeveer
      @JJ_vandeveer  Год назад +2

      Indiana market and yes I do. If you have a deal DM on Insta @jjwholesales

  • @jessicatorres4170
    @jessicatorres4170 Месяц назад +1

    I got a deal and need help, anybody interested in helping?

    • @JJ_vandeveer
      @JJ_vandeveer  Месяц назад

      @@jessicatorres4170 message me on Instagram @jjwholesales

  • @speezbanger1469
    @speezbanger1469 6 месяцев назад +1

    Are u still doing deals

  • @weareourownheroes_10xoscar4
    @weareourownheroes_10xoscar4 Год назад +1

    How can we connect with you?

  • @e.be.so.fr.
    @e.be.so.fr. Год назад +1

    Did you do double close or assignment ?

  • @totochavez396
    @totochavez396 10 месяцев назад +1

    did u get paid to a llc? or did u do personal

    • @JJ_vandeveer
      @JJ_vandeveer  7 месяцев назад

      It’s up to you , I put it under my LLC but you don’t have to