Lili, you just made a deal that I would make at my minimum wage job in 8 months. In those 8 months, I'd work 640 HOURS to reach $8,000.. and I've been working those hours for 4 years.. Wake up call, it's time to hustle. Thank you!! ❤️👊🏽
What have you done these past 2 months? If you haven’t taken action I hope this encourages you to keep trying, it can be done. If you have kept at it good luck and I hope you live an awesome life.
THAT is the eye opener. I work as a plumber and make good money honestly, and soon to receive my license to start a business. However, that ability to seek passive income and bigger opportunities is given to us all. Our eyes are open, now we gotta chase them deals
so true I did a deal that would've taken me 6 months on my current job wholesaling work we just have to work it!!! lili has been a blessing 🙌 to me with just these videos and has given me the courage to make offers.
I learned to not give up and stay motivated it’s very hard when your getting rejected a lot and talking to rude agents but your confidence shows me to keep going and I will get one! 👍🏾
I need to join your boot camp lol my homework is getting my business actually running! I have very little resources and I’m starting from basically nothing but I’m learning the game right now and this video was incredibly valuable!!
Drive for dollars in you local HRM (HIGH RENTAL MARKETS).. these make great targets to locate motivated sellers! The sellers are primarily investors themselves aka TIRED LANDLORDS! Great place to start out as a wholesaler to get your first deal!
Definitely just going to watch all your videos in order lol because I’m really interested in starting my own journey in wholesale real estate and I love the transparency. Thanks for sharing
Good luck Jasemine! When you decide to get started try starting out in a HRM (HIGH RENTAL MARKET).. I have found rental markets in your local are yield allot of motivated sellers. The sellers are investors themselves/ aka TIRED LANDLORDS..
Good luck Jasemine, I'm just starting out too. It's a lot of moving pieces but it's not impossible and there's plenty FB groups that are very supportive.
First love the video! Second, I think your perspective of analyzing with buyer in mind is right on, and third, can't wait to get a better in-depth look at your systems and methodology next week in the bootcamp. Keep up the good work!
I love the idea of building relationship with the listing agent. I will be doing this one. Thank Lili, you are one smart young lady. I wish you all the best, and God richest blessings.
Peace, Prosperity, Health & Wholeness to you Lili. Thank you for the great content. I've been back and forth with wholesaling real estate, and your video have motivated me to go full force with it and NOW I am working on my FIRST deal. Thank You and much Success to you .
Thanks, I'm just starting out. And I feel like I'm a failure already. I'm constantly pushing everyday trying to find deals and putting myself out there. Appreciate your channel
Hi Lili, wow you're really growing quickly in subs! I can see why you do a terrific job on your vids. Quick question, when finding a buyer through a realtor did you have to pay the realtor anything out of the deal or is it just coming from the buyer? I know each situation might be different but some wholesalers make the buyer pay their realtor if the realtor wants a commission. Otherwise, the realtor will make $ on when their client lists the property?
Good video and info here. Not sure what market are you but in Florida bank won't give you 85% on cash out refinance. 80 % to say the most but i think mostly 75%. That makes a big difference in numbers for BRRR
what happens if a wholesaler puts a house under contract, but can’t find a buyer? Does the contract expire? Is the wholesaler legally bound to make the purchase?
A question that has been constantly on my mind is seasonal conditions. Is it harder to get deals flipped in the winter months. I live in Missouri where it can be cold/icy. I’d rather wholesale in my area than virtually but I know that’s a second option. Thanks! 😁
Is the contract between you and the real estate agent different from the one between you and the end buyer? Or is that all under one purchase-sell agreement contract?
18 years old, starting the wholesaling process today. I’ve spent the past month and a half watching multiple videos from you, jerry, kong, Ryan, and many more. Super excited and I’m hoping to shatter my goal of 12 deals for the year of 2022. Let’s get it.
im 16, it's been one week of me finding out about wholeale and committing to the process. I have a whole notebook dedicated to the process and equations etc, with 6 sticky notes on the side for each category..... All this in one week LOL im obsessed with binging wholesale vids....
hey man any deals yet?? i’m 17 and i’ve been researching wholesaling for about a month and i’m going to start very soon i know i have to co sign on contracts but that’s not a problem but we should definitely collaborate and maybe co wholesale a few deals of your down!!
Hey Lili, congrats on your 3 deals!! I’ve made six figures this past year in real estate, and last week Thursday, I was able to seal a deal in 45 mins while doing a live class. It’s amazing what can happen with the speed on market!
I learned that working a 9-5 sucks even more than how much I realized it already sucked & that’s why I’m quitting & gonna do this full time. My uncle made 33k alone this year off wholesale meanwhile I’m struggling paying bills working somewhere I’m underpaid. I’m really putting my all into this I don’t wanna be trapped in this slavery 9-5 lifestyle
@@beautifullyyou3044 ask the seller if they would consider a cash offer for their property! Watch Lili’s video on how to come up with your cash offer to the seller!! Watch Lili’s playlist
the worst part about all these videos is that nothing is cut and dry most people make wholesaling sound so complicated and they literally want to sell you information. Im not taking shots at Lili i think shes great but we need a platform for our community where we can learn these skills for free so we an make more money to build up our own communities. JUST FACTS
Learned the BRRRR strategy and will definitely incorporate it! Been in real estate 8 years and this is the first time I’ve heard this method explained properly. Great job 👏🏾
I love how everybody is in to Realstate makes me feel like I’m doing something productive with myself... I like off market deals also but I’ll definitely try both thanks
You are truly amazing! You are going Big places! So detailed and professional. Thank you for all of the great information and teaching a old man like me. God's Speed.
@yolandaowens1796, How are you since your last post? If you ever need help with funding your transactions, feel free to reach out. I would love to help anyway that I can.
I knew to keep relationships with investors, but keeping relationships with agents is really smart. Dude I swear you deserve to be in the Hall of Fame, you are magical. Keep it up!
i had no idea what cash out refinancing was until now and it changes everything I knew about wholesaling! this video is one of your best. thank you for your transparency lili!!!
Wow I am so late, just realizing IT WAS YOU playing with Harlem Globetrotters (Cream Biggums tries out for the Harlem Globetrotters), Now Wholesaling, Awesome!!!!!!
hi Lilly do you buy deals in Texas? I have a 3 bd 2 bath with pool. APV is 30K. seller is asking 400K but the area is going for $585K. seller is Motivated...
I'm interested in a custom, partially-built mansion in a somewhat rural area, that the Owners want to sell. There are no other homes in the area like it. Where do I look online to acquire information on this unlisted property before contacting the Seller? And, How would I go about determing the ARV, when there may not be any Comps in that area? Also, from what I understand, there sems to be some sort of problem with the design of the house, which has prevented completion of the project. It may be a permit problem. Would that be a positive or negative deterrent for a cash buyer?
What I’ve learned from this video is that on market deals is all about having confidence & knowing that the challenge is getting rejections but once I’m able to lock in a deal with the seller the right quality buyer will accept as long as the numbers makes sense.
so wholesalers I have buyers in tx but I have no homes yet, and no marketing budget, so if any wholesalers with Houston or surrounding Texas deals I have buyers!
Hey, do you have a video you can recommend on title companies/escrow? What to do after getting a property under contract feels like the most complicated part of the wholesale process.
I just want you to say that if you told me what to do step by step in the moment from doing market research in Pittsburgh, finding the house, making the deal, I would give you the full profit and then 50%of the profit of the next two I do on my own
It appears that a wholesaler may prefer a cash buyer that is using the brrr method vs a flipper because that buyer may pay more for the property and this will allow a larger wholesale fee.
Just finished my first 50 cold calls today, after watching this I think on market is the way to go. I didn't get passed the introduction with a single person on a "preforeclosure" list that I built. 3 deals in 3 months is fire, setting the bar for me 🔥
This was good as usual. I was just telling someone we have to be able to look at transactions from the buyer’s perspective and you said that very thing.
Takeaways: BRRRR investors pay more than flippers. You don't need to have 1,000 deals under your belt to run a "bootcamp" for new investors. Congrats on your 5 day course!
I am a little confused. Hopefully someone can help me get some clarity. When you find a property and a motivated seller. What is the process of getting the seller to sign over his/her property to you BUT as wholesalers we are not the ACTUAL buyers, so how do we get the seller to sell the property to me and then me to the actual buyer? I’ve always been confused on that’s process.
Inform the seller you're interested in buying the property then give the seller an assignment contract. Next, find a cash buyer. Finally sell the contract to the buyer. That's the basics of wholesaling real estate.
Calculate Arv/ after repair value simply by comparing it to *similar* houses around it in the same neighborhood, boom once you got that you can calculate your MAO/ maximum allowable offer to any seller to make the deal profitable, you can also calculate the repair value, the lower the MAO the more you can make and the more buyers will want your deal
Ex: (200,000 arv x .70) - repairs - assign fee = MAO , that “.70” also means 30% , 30% taken from the ARV, so 200,000x .70 (point seven) is 154,000, now minus repairs = 124,000, then minus whatever you WANT to make , in this case let’s say 11,500, so 124,000 - wholesale fee = 112,500. So your MAO/ your offer should be 112,500 or lower, any higher and you’ll have to take money out of your wholesale fee , I hope I helped clear the bigger picture
One more tip, realize there are wholesalers just like you literally grinding for deals in every market , the secret is work smarter not harder, find wholesalers who already have deals and JV (partner) with them, then find buyers on fb or Craigslist etc, and bring them together instead of grinding for deals yourself
Doing on marketdeals mean everytime the agent will ask for a earnest fee? Im confused on that. How did you get the buyer to cover your fee? And how you do come up with a rehab budget? Thank you, your videos help me and teach me a lot!!!
Also, before signing a contract you have already spoken to a potential buyer to provide his funds so you can show to agent correct? or you sign contract and then find a potential buyer and provide funds?
Lili, I 🥰 this video content, as usual! I love your suggestion of using a "quality buyer's list" instead of quantity also of not giving up on trustworthy buyers who may have turned down prior offers. I agree with the real reasons for making those wise decisions.
I have found that new wholesalers have a higher success rate wholesaling in HRM’S (HIGH RENTAL MARKETS).. High Rental Markets are great because the sellers are usually more motivated (tired investors/ aka tired landlords) and they also understand that your an investor and can’t pay retail prices for properties! They talk your language being they are investors themselves.
State legislators are slowly shutting ALL of this down IL was first now they're working on OK and other states starting 2021. So what's next? Getting licensed?
![How To Find Cash Buyers Made Simple! [Wholesale Real Estate]](/img/1.gif)
Lili, you just made a deal that I would make at my minimum wage job in 8 months. In those 8 months, I'd work 640 HOURS to reach $8,000.. and I've been working those hours for 4 years.. Wake up call, it's time to hustle. Thank you!! ❤️👊🏽
What have you done these past 2 months? If you haven’t taken action I hope this encourages you to keep trying, it can be done. If you have kept at it good luck and I hope you live an awesome life.
THAT is the eye opener. I work as a plumber and make good money honestly, and soon to receive my license to start a business. However, that ability to seek passive income and bigger opportunities is given to us all. Our eyes are open, now we gotta chase them deals
so true I did a deal that would've taken me 6 months on my current job wholesaling work we just have to work it!!! lili has been a blessing 🙌 to me with just these videos and has given me the courage to make offers.
I learned to not give up and stay motivated it’s very hard when your getting rejected a lot and talking to rude agents but your confidence shows me to keep going and I will get one! 👍🏾
I need to join your boot camp lol my homework is getting my business actually running! I have very little resources and I’m starting from basically nothing but I’m learning the game right now and this video was incredibly valuable!!
Drive for dollars in you local HRM (HIGH RENTAL MARKETS).. these make great targets to locate motivated sellers! The sellers are primarily investors themselves aka TIRED LANDLORDS! Great place to start out as a wholesaler to get your first deal!
@@themambainvestor8265 THANK YOU
Same here
@@themambainvestor8265 Hey Bro. What town are you located in.
Definitely just going to watch all your videos in order lol because I’m really interested in starting my own journey in wholesale real estate and I love the transparency. Thanks for sharing
Good luck Jasemine! When you decide to get started try starting out in a HRM (HIGH RENTAL MARKET).. I have found rental markets in your local are yield allot of motivated sellers. The sellers are investors themselves/ aka TIRED LANDLORDS..
@@themambainvestor8265 Thanks for the advice, I’ll definitely try it out!
Following
Good luck Jasemine, I'm just starting out too. It's a lot of moving pieces but it's not impossible and there's plenty FB groups that are very supportive.
First love the video! Second, I think your perspective of analyzing with buyer in mind is right on, and third, can't wait to get a better in-depth look at your systems and methodology next week in the bootcamp. Keep up the good work!
Thank you Darrell! Look forward to “meeting” you next week :)
I love the idea of building relationship with the listing agent. I will be doing this one. Thank Lili, you are one smart young lady. I wish you all the best, and God richest blessings.
Peace, Prosperity, Health & Wholeness to you Lili. Thank you for the great content. I've been back and forth with wholesaling real estate, and your video have motivated me to go full force with it and NOW I am working on my FIRST deal. Thank You and much Success to you .
Great stuff! Was it on market? Also, how’s the wholesaling going now?
Thanks, I'm just starting out. And I feel like I'm a failure already. I'm constantly pushing everyday trying to find deals and putting myself out there. Appreciate your channel
i like how you explain the use of realtors and not to be afraid of them. i see the benefits!!
I learned I need to know how to do the math when finding a deal!
You speak well. Would have loved to know exactly which website or app you used to locate the deal. Also, what market was this deal in?
Hi Lili, wow you're really growing quickly in subs! I can see why you do a terrific job on your vids. Quick question, when finding a buyer through a realtor did you have to pay the realtor anything out of the deal or is it just coming from the buyer? I know each situation might be different but some wholesalers make the buyer pay their realtor if the realtor wants a commission. Otherwise, the realtor will make $ on when their client lists the property?
Good video and info here. Not sure what market are you but in Florida bank won't give you 85% on cash out refinance. 80 % to say the most but i think mostly 75%. That makes a big difference in numbers for BRRR
My big take away was understanding the BRRR method and how buyers will price out deals that way.
I'm in the down part of my journey. I think this video just helped encourage me.
what types of struggles are/were you going through?
Hey lili can I get advice on figuring out repair cost? I’ve been struggling there a little bit. Thank you!
Love your stuff. Keep up the great work
Thanks for sharing your propstream knowledge. I’ll be in touch.
Is it worth it to try to wholesale an on market property, if it's been on market for... let's say almost a year or longer ?
Hey how did you know to use 80% on your ARV instead of the usual 70 - 75% ?
Homework- join your bootcamp right now. I understand BRRRR strategy…I 🤔
Here's my homework Lili. I'll look more into properties that are on market.
Love the videos, launching wholesaling operation in the next 2 weeks!
Can you explain ARV
I love your videos.! Very helpful.!! Had help me a lot.! I wanna be part of your zoom call.!
Hey I’m new to your channel and I’m loving this as an up coming wholesaler I hope you can answer my questions cause i like asking a lot
So how do I find a cash buyer without a buyers agent. Aka how am I supposed offer 6% to a listing agent when I can’t because my cash buyer has a agent
Your marketing is working , 2nd video when I open my RUclips app 👍🖤📚
Ayeeeee!!
what happens if a wholesaler puts a house under contract, but can’t find a buyer? Does the contract expire? Is the wholesaler legally bound to make the purchase?
Nice video
Why the high earnest money?
What’s the difference between arv and rehab budget?
A question that has been constantly on my mind is seasonal conditions. Is it harder to get deals flipped in the winter months. I live in Missouri where it can be cold/icy. I’d rather wholesale in my area than virtually but I know that’s a second option. Thanks! 😁
I don’t want to allow that to deter me
Do you just keep on hand between $500-$1k in EMD for your deals?
What’s the Check amount of each of the three deals? If you can say
What market are you in ?
Is the contract between you and the real estate agent different from the one between you and the end buyer? Or is that all under one purchase-sell agreement contract?
Hey do I need an Llc to work with agents???
Somebody in the comment section hit me up I’m trying to learn and I’m a little lost
IG @Dopesinxebirth
Pls teach me and is there any chance I can bird dog
Don’t be afraid to work with agents, it might be easier than trying to cold calling strangers
18 years old, starting the wholesaling process today. I’ve spent the past month and a half watching multiple videos from you, jerry, kong, Ryan, and many more. Super excited and I’m hoping to shatter my goal of 12 deals for the year of 2022. Let’s get it.
im 16, it's been one week of me finding out about wholeale and committing to the process. I have a whole notebook dedicated to the process and equations etc, with 6 sticky notes on the side for each category..... All this in one week LOL im obsessed with binging wholesale vids....
@@k8yrt the obsession happened for me as well. Keep educating and you’ll do great. My Instagram is @frankwsre hmu if you’re down to collaborate ideas.
@@frankvillanueva9160 definitely down, we could even look at cash buyers if you're interested.
hey man any deals yet?? i’m 17 and i’ve been researching wholesaling for about a month and i’m going to start very soon i know i have to co sign on contracts but that’s not a problem but we should definitely collaborate and maybe co wholesale a few deals of your down!!
@@k8yrt watching videos and writing notes isn’t gonna get you far lol actually doing it is.
Hey Lili, congrats on your 3 deals!! I’ve made six figures this past year in real estate, and last week Thursday, I was able to seal a deal in 45 mins while doing a live class. It’s amazing what can happen with the speed on market!
Let’s connect!!
I learned that working a 9-5 sucks even more than how much I realized it already sucked & that’s why I’m quitting & gonna do this full time. My uncle made 33k alone this year off wholesale meanwhile I’m struggling paying bills working somewhere I’m underpaid. I’m really putting my all into this I don’t wanna be trapped in this slavery 9-5 lifestyle
3 deals 🔥🔥🔥congrats on your success. Hopefully I can duplicate your results.
Best of luck to you! You got it in the bag my man.
I appreciate you Chris, you’ve been supporting me from the beginning and I wish you the best as well!
Consistency is key Chris! You got this brotha! Stay consistent and it will happen
@@themambainvestor8265 what do you after you find a place. You got I'm touch with the owner
@@beautifullyyou3044 ask the seller if they would consider a cash offer for their property! Watch Lili’s video on how to come up with your cash offer to the seller!! Watch Lili’s playlist
the worst part about all these videos is that nothing is cut and dry most people make wholesaling sound so complicated and they literally want to sell you information. Im not taking shots at Lili i think shes great but we need a platform for our community where we can learn these skills for free so we an make more money to build up our own communities. JUST FACTS
Learned the BRRRR strategy and will definitely incorporate it! Been in real estate 8 years and this is the first time I’ve heard this method explained properly. Great job 👏🏾
I love how everybody is in to Realstate makes me feel like I’m doing something productive with myself... I like off market deals also but I’ll definitely try both thanks
You are truly amazing!
You are going Big places!
So detailed and professional.
Thank you for all of the great information and teaching a old man like me. God's Speed.
How do I contact you for more training from you. I am brand new to real estate and wholesaling. But I am ready to get started.
@yolandaowens1796, How are you since your last post? If you ever need help with funding your transactions, feel free to reach out. I would love to help anyway that I can.
I knew to keep relationships with investors, but keeping relationships with agents is really smart. Dude I swear you deserve to be in the Hall of Fame, you are magical. Keep it up!
I need help yall! How do I get a proof of funds letter for my agent?! I don't want to lose this deal! 😱
I think she said u can search it on google on one of her video
Couldn’t have posted this at a better time!!
Thanks Lili. You could be a teacher if you ever get tired of making money in real estate. I'm hitting all of the lists you helped me create right now.
i had no idea what cash out refinancing was until now and it changes everything I knew about wholesaling! this video is one of your best. thank you for your transparency lili!!!
Wow I am so late, just realizing IT WAS YOU playing with Harlem Globetrotters (Cream Biggums tries out for the Harlem Globetrotters), Now Wholesaling, Awesome!!!!!!
I have been wanting to do this at 16 is that possible !?
hi Lilly do you buy deals in Texas? I have a 3 bd 2 bath with pool. APV is 30K. seller is asking 400K but the area is going for $585K. seller is Motivated...
I am freaking out grabbing the phone and calling. You give a brother hope haha. Much respect .
Does this work in California?
I'm interested in a custom, partially-built mansion in a somewhat rural area, that the Owners want to sell.
There are no other homes in the area like it.
Where do I look online to acquire information on this unlisted property before contacting the Seller?
And, How would I go about determing the ARV, when there may not be any Comps in that area?
Also, from what I understand, there sems to be some sort of problem with the design of the house, which has prevented completion of the project.
It may be a permit problem.
Would that be a positive or negative deterrent for a cash buyer?
What I’ve learned from this video is that on market deals is all about having confidence & knowing that the challenge is getting rejections but once I’m able to lock in a deal with the seller the right quality buyer will accept as long as the numbers makes sense.
so wholesalers I have buyers in tx but I have no homes yet, and no marketing budget, so if any wholesalers with Houston or surrounding Texas deals I have buyers!
Hey, do you have a video you can recommend on title companies/escrow? What to do after getting a property under contract feels like the most complicated part of the wholesale process.
I just want you to say that if you told me what to do step by step in the moment from doing market research in Pittsburgh, finding the house, making the deal, I would give you the full profit and then 50%of the profit of the next two I do on my own
That’s awesome you’re doing a boot camp, but right now even with you’re great savings I am unable to meet that price. But thanks
How do find cash buyers? Do you google them or call a list? Where do you get your contract verbiage from? Do you have an account with docusign?
One of your best videos Lili...
I see the value of On Market properties and of course the advantages of working with a realtor.
Never heard how much you agreed with the seller, that would help your viewers out with figuring out how much was made...
I learned how to think as a cash buyer and how they would use their formula. This will help me with my own pricing
Ive been learning a whole lot from you! Thank you so much! Keep up the good work
When will you be having another boot camp for beginners?
How much did you buy the house for ? I learned to structure deal so buyer can pull out 80%.
does this work for CA? like LA area? being more expensive
You and your content are so refreshing! Love the channel. SUBSCRIBED!! :)
OK checked the video out again and realized I did see the agreement man appeared to be a low ball offer to me .😳
It appears that a wholesaler may prefer a cash buyer that is using the brrr method vs a flipper because that buyer may pay more for the property and this will allow a larger wholesale fee.
About what credit score are the hard money lenders looking for?
Just finished my first 50 cold calls today, after watching this I think on market is the way to go. I didn't get passed the introduction with a single person on a "preforeclosure" list that I built. 3 deals in 3 months is fire, setting the bar for me 🔥
is this the same strategy Jerry Norton teaches about? It sounds familiar
Who can help me find a deal and a buyer ? I’m in Tn I really wanna get into this I know after 1 deal I’ll do many more
I'm sorry where did your assignment fee come in? I must've missed that
How do I get in contact with you to have a proper set up like apps and programs
Love the vids! Quick question, how do u know you or me and in a hot buyers area?
Thank you!!
How much does your beginners bootcamp access cost and is there a session coming anytime soon?
I learnt that we have to see Agents as a must in our network instead of as enemies.
This was good as usual. I was just telling someone we have to be able to look at transactions from the buyer’s perspective and you said that very thing.
Very true!
One question? Can you wholesale a deal if your 16 years old
Did the real estate agent get 6% of your fee? So they got 480$?
Takeaways: BRRRR investors pay more than flippers. You don't need to have 1,000 deals under your belt to run a "bootcamp" for new investors. Congrats on your 5 day course!
I've been doing Eccomerce this past year and it's going decent but maybe i should give Wholesaling a shot
I’m confused 🤯so how much did she profit?
How did you get the After Repair Value
I am a little confused. Hopefully someone can help me get some clarity. When you find a property and a motivated seller. What is the process of getting the seller to sign over his/her property to you BUT as wholesalers we are not the ACTUAL buyers, so how do we get the seller to sell the property to me and then me to the actual buyer? I’ve always been confused on that’s process.
+1 on that.
Inform the seller you're interested in buying the property then give the seller an assignment contract. Next, find a cash buyer. Finally sell the contract to the buyer.
That's the basics of wholesaling real estate.
So u made 82k on one deal? I’m still a lil confused
I still struggle running numbers and knowing what to offer for a property
Calculate Arv/ after repair value simply by comparing it to *similar* houses around it in the same neighborhood, boom once you got that you can calculate your MAO/ maximum allowable offer to any seller to make the deal profitable, you can also calculate the repair value, the lower the MAO the more you can make and the more buyers will want your deal
Ex: (200,000 arv x .70) - repairs - assign fee = MAO , that “.70” also means 30% , 30% taken from the ARV, so 200,000x .70 (point seven) is 154,000, now minus repairs = 124,000, then minus whatever you WANT to make , in this case let’s say 11,500, so 124,000 - wholesale fee = 112,500. So your MAO/ your offer should be 112,500 or lower, any higher and you’ll have to take money out of your wholesale fee , I hope I helped clear the bigger picture
One more tip, realize there are wholesalers just like you literally grinding for deals in every market , the secret is work smarter not harder, find wholesalers who already have deals and JV (partner) with them, then find buyers on fb or Craigslist etc, and bring them together instead of grinding for deals yourself
Then go 50/50 on the wholesale fee, yes it’s less money but it’s more deals! You’ll scale so much faster and help so many more people this way
Doing on marketdeals mean everytime the agent will ask for a earnest fee? Im confused on that. How did you get the buyer to cover your fee?
And how you do come up with a rehab budget? Thank you, your videos help me and teach me a lot!!!
Also, before signing a contract you have already spoken to a potential buyer to provide his funds so you can show to agent correct? or you sign contract and then find a potential buyer and provide funds?
You got good Lili keep it up! Thanks for the advice..
Lili, I 🥰 this video content, as usual! I love your suggestion of using a "quality buyer's list" instead of quantity also of not giving up on trustworthy buyers who may have turned down prior offers. I agree with the real reasons for making those wise decisions.
Number wise I have it all down, my only issue is just finding deals with motivated sellers
Jerry Norton says “the more OFFERS you make the more deals you get the more money you make” head up king 👑
I have found that new wholesalers have a higher success rate wholesaling in HRM’S (HIGH RENTAL MARKETS).. High Rental Markets are great because the sellers are usually more motivated (tired investors/ aka tired landlords) and they also understand that your an investor and can’t pay retail prices for properties! They talk your language being they are investors themselves.
State legislators are slowly shutting ALL of this down IL was first now they're working on OK and other states starting 2021. So what's next? Getting licensed?
Hello I have mad deals I can find buyers but a double close is what I sought after
Try on market