What to do After You Get The Contract Signed | Wholesaling Real Estate
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- Опубликовано: 19 сен 2024
- What to do After You Get The Contract Signed | Wholesaling Real Estate
In todays video Zach Ginn gives you a step by step guide in detail on what to do AFTER you get your wholesaling real estate contract signed & how to sell your deal for the max amount! So get your notebook out and get ready to learn how to sell your wholesaling real estate deals!
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⚡️ABOUT FLIP WITH RICK⚡️
Flip with Rick is a Real Estate Education Company Founded by Rick Ginn and Run by him and his son Zach Ginn. Zach Ginn is 21 years old and runs all of Rick’s real estate investing operations in Port Saint Lucie, Florida. Together they run the largest real estate wholesaling and investing operation on the Treasure Coast.
Rick Started Real Estate Investing in 2004 has been full time ever since quitting his job in the same year. Since 2004 Rick has personally done over 1,000 real estate deals! Zach Ginn started in 2017 after quitting his bag boy job and started by himself before joining forces with Rick after he made over $100,000 in wholesale fees in High School.
Together Flip with Rick has Mentored over 10,000 real estate students Become Complete Real Estate Investors! We specialize in Wholesaling Real Estate, Fix and Flips, Wholetails, Rental Properties, Creative Finance, Subject To’s, and Lease Options.
Rick & Zach truly Do what we teach and have the results in our business to back it up! We Are Not Gurus we are REAL ESTATE INVESTORS! Flip with Rick is built for real estate investors by real estate investors!
Rick and Zach Tell It Like It Is! You get No Fluff or Guru Talk from Them. They avoid the flashy luxury cars and watches for showing off 6 figure real estate deals and results from their students.
I'm not the biggest fan of using POF if you don't have the money but I understand that having a POF is needed to get the deal donw
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✅ DISCLAIMER: Flip with Rick, Zach Ginn, Rick Ginn are not lawyers, CPA’s, or financial advisors. All strategies, tips, suggestions, warnings, and recommendations included in the videos are from personal experience and are intended for entertainment purposes only. Flip with Rick, Zach Ginn, Rick Ginn and guests of his videos do not guarantee any particular results and, as with any investment, risk should still be considered. It is essential for viewers to perform their own due diligence and/or seek the counsel of a financial advisor.
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God Bless
![How To Find Cash Buyers For Wholesale Deals! [FREE & ONLINE]](/img/1.gif)
The Best & (Cheapest) List Pulling & Cash Buyers Data at: trial.propstreampro.com/flipwithrick
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Thank you for the information and knowledge you're sharing. How this link (propstrempro) is different from batchleads? I'm a beginner. Which one do you recommend for pulling virtual wholesale listings and leads?
RUclipss favorite Real Estate wholeseller 🎉
Thank you my man! 💪
Zach. Notes, Notes and more Notes! You answered just about all the unanswered questions that No One Ever Talks About or tells you. I now feel 110% more comfortable with the process. The What To Say. Say this, do this. Stop here. Turn left here. OMG. Priceless! Morris
Boom!! I'm so glad! Seeing comments like this just make my day!
This is money. And you are spot on about gurus gatekeeping the small nuances (I'm $40K in on useless masterminds/gurus/mentorships). It's the absolute worst. It seems like it's the stuff to overlook but it's truly the small details that bring us confidence to take actionable steps. So many people are indebted to you Zach! (and Rick). Thanks
Staying paying gurus!
You're the man Zach, seriously thank god for what your family is doing I'm blessed to learn this. You guys are the realest once out here!
Thanks Jacob! I appreciate it!!
You guys are like the Ricky Carruth of wholesaling. Thanks for all the free awesome educational content.
Wow, thanks!! I need to get him on the podcast!!
Awesome Video thank you very much I really appreciate it and just in case anyone is wondering Video starts at 3:28 if you want to skip intro
💪
About time lol someone breaks this down THANK YOU!!
YEP!! I knew it would help!!
You are the best wholesale youtuber ever I swear, you are right all other people just say what to do and not show it then it leaves us stuck, that’s what happened to me when I paid for a course 0:30
exactly! Thank you so much!!
Great info 🙏❤️🙏
Thank you!
Moving on to dispositions... I can feel it! Thank you for all the info you share.
No problem!!
Thank you so much for this! I was so confused before, keep up the great content! ❤️❤️❤️
No problem!!
I love you man!!! Keep dropping nuggets of gold share the wealth of knowledge 🙌🏽🙌🏽🙌🏽
More nuggets on the way!!
@@FlipWithRick yessir can’t wait !!! 😄
You do any coaching?
I’ve been looking for this information for months! Thank you!
Awesome!
It feels GREAT to know you and Rick. GOT MY BACK!!! Morris
We 100% have your back!!
Question, what’s the earnest money for when your dealing with the seller? I thought you only take a deposit from the cash buyer? Any information would be greatly appreciated
this explanation is what i needed to start thank u so much 😭😭😭😭😭
I’m glad I could help!!
When should your cash buyer turn in their earnest money how much time should you give? Mine is saying he does 7 day due diligence and won’t turn any in until then
24 hours after signing the assignment
How would you manage the cash buyer/seller interaction for virtual deals where you cant be there in person for inspections & closing?
You have to make it clear to the cash buyer
I heard from other wholesalers that you don't want the seller and buyer meet at the same time. Most likely you'll get screwed over.
Yes but it’s not the end of the world
So if seller signs contract to sell u the house. How much earnest money you need for the contract? How long on contract? And if can't find a buyer what then?
How does closing day work? How is it that the seller never meets the cash buyer? how is it that the title company gives the seller their money BEFORE the buyer signs? Sorry for so many questions but I hope you can answer.
1. ruclips.net/video/4ccfrm546Vw/видео.html
Do you have to be present at a closing? Can't this all be done through docusign?
Just subscribed. Thank you so much for taking the time to explain the process to us
Of course! No problem!!
How can I control over the cash buyer and the seller not talk about each other should I just make different appointments
FreeWholesaling.com
great video help 2 questions thou
1. do you always go to the house with the buyer to go though it or let them go alone ?
2. wholesaling with a llc how do you pay for emd with the title company with personal money or with your llc bank account ? thanks !!!
Do we the wholesaler have to sign on site or can we do it remotely? What if the title company is in another state too?
Another awesome video Zach your truly a great Mentor...
Boom!! Thank you!
How do i go about knowing about a good contract that works in Ohio or other states
Ask your title companies!
🙏👏👍 Thank You Again 👏 Working On My Cash Buyers List as We Speak ?! Which I Agree Is The Most Important 👍
Yes!!!
You make the best videos!! You be looking out fr
Thank you!
Thanks for dropping these bombs, can you do a video on what to do when virtual closing
Yep!
i have a question what if you have to do this virtually what would i do then i can't be there with the cash buyer in person
It’s all in FreeWholesaling.com
Question . Don't you have to find a title company first to added to the contract what title company is holding the earnest money? Then when the contract is signed send the contract to title company stated on the contract.
I always say find title company first ruclips.net/video/YyY5Ui3IoKY/видео.html
Yes.
You guys are awesome for this 🙌🏽
You’re welcome!!!
If you can’t find a cash buyer to close will the title company charge you for services rendered? Thanks
Great video as always, dealing with this now
I’m so glad I got this in the right time!!
It’s seems like you’re talking in two different tones. Lol but this is amazing info !!!
Thanks!
What if the seller is out of state?
Thank you so much!! I needed this!
Of course!!
Thanks so much Zach...this is such an important topic...Question: what do you do if at the last minute the Seller wants out of the deal...
ruclips.net/video/h4imU_hTdXo/видео.html
Finally I find my answer thank you so much you the best
Exactly what I wanted to know.. Thanks a lot Zach.
No problem!
Great video! I’m curious how this works if you do virtual wholesaling. If I’m working with someone across the country I won’t be able to do a walk through or attend the actual signing.
FreeWholesaling.com
Thanks Zach that was great info
No problem!
I paid for course if I had known you had all these for free..could have saved a lot
It’s ok! You still found us!!
@@FlipWithRick true more knowledge..thanks!
Does this work if I’m doing it virtually too?
I got question. if and when getting escrow open do we have to go to the title company where we are located in our state or where the property of where we are virtually wholesaling. Like say we are virtually wholesaling in indiana from cali, would we have to open escrow from the title company in Indiana or where I'm located at(cali)?
It’s where the sellers house is
Thank you! 🙏
Thank you Rick, this is very helpful.
Question. What about Jamaicans? Can they use a title company in the US while Virtual Wholesaling and how do Jamaicans get paid?
Bun spliff
Thank you Zach Your Awesome
zach ive been following for about 3 weeks now im just a little stuck on somethings anyway we can talk one on one sometime
What are you supposed to be signing at the title company? Because I thought you were supposed to sign the wholesale contract and the assignment contract before hand
You make sure seller signs and you get your check
The relief! Lol I feel way more confident. So does the buyer come after the seller or are they both their together? Do you schedule them apart? And to make it clear you only go when the seller goes you dont stay there for the buyer?
If the seller lives in the house then the buyer needs to be there too but you need to separate them as a partner
Excellent video, great content, keep it up and God bless you!!
Thank you very much!
How’s a buyer wire the EMD?
Yes to the title company
@@FlipWithRick so the title will contact buyer for it right?
@@FlipWithRick so let’s say I have a agreement signed me & seller I take it to title agent then before the closing date find the actual buyer ?
If yea how does the title agent know I’m not the one actually buying the property?
Do you use any subject to contracts?
I have on for FL that my lawyer made
So do you have the title company run the title before you have a cash buyer? Or do you send them the contract and ask them to wait until you tell them to run it once you get a buyer?
No dont run unless you have a cash buyer
@@FlipWithRick thank you
If ur doing virtual wholesaling, what do you do on the day of closing since you can’t meet with them face to face
Virtual closing!
We never attend our settlements. We sign all documents using DocUsign or overnight via UPS/FedEx. The money is usually there the day before we purchase.
this was good information
Thank you so much!!
Thanks in advance!
No problem!
I am a little confused. Do you tell to your cash buyers the final sellers price and then after you disclose to the buyer how much you are going to earn? I feel a little uncomfortable with this process.
Well you can always buy it yourself and sell it on the market
Zach, what is the earnest money? What point does it serve and what is the price range on it
Earnest money is basically a deposit to show you are serious about buying!!
Excellent
Thank you so much!!
Amazing detailed video!
1 Quick Question maybe I didn't understand the video maybe I did.
The Seller how did she/he get their money From the buyer. Did they have to wait for it or did you get everything done with the buyer first and then do everything with the seller. I'm a little lost.
The Buyer gives money to the title company and then title company gives money to seller!
Where can I get a wholesaling contract?
FreeWholesaling.com
Thank you!
Thank you. Great information! One question: who pays the title company's fees?
The cash buyer!!
So first when you and the seller sign the contract you go to a title company then they check it that is good or wtv they do then when u get it back u find a cash buyer?
You don't need to be there at the close though correct?
Correct!
Do you send the purchase contract to the title company before you get your cash buyer?
Yes
my boy zack 💪🏾😂 yu real
Yes sir!!
Sorry for all the questions but I have another one..lol.. If I find a property to wholesale but it's not near me and I don't know anyone in the area it is in, how would I do a walk through or would pictures work just as good to send to the buyer?
You will need to send a buyer!
Video starts 3:08
Thanks!
1. can you assign if it says "non assignability"? 2. how to get proof of funds ?
1. Usually No 2. ruclips.net/video/Hllb3ixUipk/видео.html
Hey, thanks for all the priceless info. Quick question, how do you cancel out the other cash buyers that agreed to a commitment price without loosing credibility. Meaning on the day before the walk through, you call each one and explain that you will be earning a certain amount and let's say all 4 cash buyers are ok with it, how do you cancel out the rest and choose one without meesing up a potential business relationship for the future. Thanks
Whoever puts in the EMD is the buyer. Thats it! No credibility lost if an assignment isnt locked in with a contract!
Shoud the wholesaler wait until the title comes back clear with no liens to sign up the cash buyer ?
No that’s the title companies issue
Are you a motivated buyer ?
Yep!
Hey I sent a contract to a seller and exact words were “$100 deposit seems kind of WEAK”
"Well this is off market and the house will be sold in 4-5 weeks for ALL Cash" is how we explain it. It's more of a formality thing. You can always do $2,000 deposits if you want too
Hey Zach! Quick question, are you bringing in these cash buyers whilst in the inspection contingency window? If so, can I send the EMD down to title after the inspection window (probably around 10 days) is over so that I already have the cash buyer in place which will then in turn allow me to use his EMD to cover my end? Thank you so much for your help.
NO, always stay within the inspection period so make it 30-45 days if you have a harder deal!
@@FlipWithRick so instead of doing a 10 day inspection do a 45 day inspection
How would one go about this virtually? If i get them to sign a contract on like docusign or hellosign. Then how do I show the title company each contract I then when i get one from the buyer as well? Do I need print & send anything or can I just email
FreeWholesaling.com
What about when virtually wholesaling? I have a seller-signed contract in Alabama and I told her that she wouldn't have to leave her home in California for the closing. Will I be able to close fully virtually and how?
Yes you can!! Mail away closing!
He talking what to do when you’re going in person, what about if you’re doing everything virtually?
If is virtual how put lockbox?
You hire someone to put a lockbox on the property!
What if there’s any leans in the house that the seller didn’t mentioned. Then you have to pay the title company for doing title work? And end up loosing money or am I wrong
Is it normal for the cash buyer to ask about the title And social security of the property owner
So the wholesaler has to submit there own EDM to title agent to open escrow for the cash buyer ?
Im new to this business, many questions unaswered and im watching all your videos. Question, say I find a property and seller agrees for me to wholesale it. Being new to this what if I fail to find a buyer in 30 days, do I mention to the seller I have certain time frame to sell and if I dont contract automatically becomes null? Or how does one get away from the commitment of the sale. Is that a normal clause to add to the contract. Or, am I screwed and I have to then pay for the property myself? Ty for the time and answer.
thanks, brother! your are the best
No problem!
Yoo you goated it’s just that simple🤝
Thanks Jarrett!
Quick question, once I find my cash buyer do I present them with the documents of the title company and close the deal from there ? Also do I need an arv calculator for wholesale or is that just for flipping houses
Yes!
Do you pay the title company before their services (title search & etc) are rendered?
It’s in FreeWholesaling.com
At what point do you get your EMD back? or does the cash buyer pay you for it?
Thanks yo
sellerbrating
I love it!!
Best title company for Fort Pierce FL?
Theres like 10 of them dude i rotate depending DM ME! First title is a good one
one question i have, once you send the contract assignment to the cash buyer, it is up to them to get that over to the title company? or can they give that back to us to get to the title company? and do you have a video of how you have filled out these contract assignment / wholesale contracts? i'd love to see them if so just to triple my process
It should be you dealing with the title company
@@FlipWithRick gotcha, so in that case, i should get the assignment signed, and back to me to bring to the title company myself? do you guys have any digital versions of this that you utilize? or just paper versions?
@@johnransom7245 I would assume using some sort of Docusign so you can send sign requests via email. It’s what I’m using
Hey how long do you have to have an inspector come through the home after the seller agrees to sell property
We do our own inspections!!
hey Rick! Do you by any chance know any good title companies for Charlotte County?
No