Title Companies & Closings Explained for Beginners in Wholesaling Real Estate (Day#4)

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  • Опубликовано: 25 янв 2025

Комментарии • 42

  • @FlipWithRick
    @FlipWithRick  6 месяцев назад +1

    Want to Learn Wholesaling For Free? Go here: bit.ly/3pDF6fE
    Want to JOIN Our Community 7 Days for Free? Go here: home.flipwithrick.com/plus

  • @abibouseck4259
    @abibouseck4259 4 месяца назад +1

    Always VERY INFORMATIVE

  • @staytrippy2596
    @staytrippy2596 6 месяцев назад +2

    This just helped me BIG TIME!!! I have a property that I’m getting under contract this upcoming week!!! Thanks man, great video‼️

  • @steveh1460
    @steveh1460 6 месяцев назад +2

    Great info as usual thank you Rick!

  • @jerusalenarellano957
    @jerusalenarellano957 6 месяцев назад +2

    Really helpful 🙏

  • @calebjohnson2303
    @calebjohnson2303 2 месяца назад

    Hey Rick quick question for you. Do you recommend using a transaction coordinator? Do you screen them the same way you do with title companies? Your thoughts on this?

  • @Bella_newera
    @Bella_newera 6 месяцев назад +3

    Gonna make it🎉

  • @Fingerfriends101
    @Fingerfriends101 Месяц назад

    Hey..not getting the link of title company questioning...kindly send the link please!

  • @jennylynnstevens
    @jennylynnstevens 3 месяца назад

    Hi Rick! I don’t see a link to the “how to interview title companies” video you referenced. Mind sharing? Thank you!!

  • @BobWardrop
    @BobWardrop 6 месяцев назад +1

    Thank you...

  • @ashley.stlouis7947
    @ashley.stlouis7947 6 месяцев назад +1

    🎉🎉Great I made it !!

  • @marlene_orja
    @marlene_orja 6 месяцев назад +4

    Just made a home sale sitting on $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?

    • @iam_maryanne
      @iam_maryanne 6 месяцев назад +2

      I wouldn't stay 100% cash, banks are ruining us in real time with inflation. I'd suggest you employ the service of a seasoned advisor

    • @Linette-g-y
      @Linette-g-y 6 месяцев назад +1

      True, despite having no prior investing knowledge, I got fully invested just before the pandemic and pulled $150k in profits that same year. In reality, all I was doing was following professional guidance, and as of today, I'm only 10% shy of a million dollar portfolio.

    • @Linette-g-y
      @Linette-g-y 6 месяцев назад +1

      She goes by ‘’Katherine Nance Dietz’’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

    • @CeeRiplayis
      @CeeRiplayis 6 месяцев назад +1

      thanks for putting this out, her site appeared first thing as I searched Katherine Nance Dietz on my browser, super impressed with her qualifications, she seems highly professional with over two decades of experience ...

    • @Makingriot
      @Makingriot 6 месяцев назад

      @@iam_maryanne monetary policy (GOVERMENT) is the major lever in inflation NOT Banks. Its your voting

  • @RicardoVeraJr.
    @RicardoVeraJr. 6 месяцев назад +1

    My understanding was that we as wholesalers usually only pay for emd during this process. Are we paying all the fees you laid out as well as the title insurance? Or is that on the end buyer? Appreciate the info.

    • @JasonGut
      @JasonGut 6 месяцев назад

      It's all negotiable, but I normally offer to pay all the closing costs with the seller, and then your end buyer ends up paying for it. Paying the closing costs is a leverage and barganing chip with your seller: ie; If you pay the closing costs, the seller should give you something in return.

    • @RicardoVeraJr.
      @RicardoVeraJr. 6 месяцев назад

      @@JasonGut understood. I appreciate the info. That’s what I figured. When I heard Rick breaking down the fees and costs, I got a little confused and didn’t know if these were on us as the ones assigning the contract, or on the end buyer but I understand now that it’s the end buyer incurring the cost of closing. Thanks.

    • @FlipWithRick
      @FlipWithRick  6 месяцев назад +1

      No the cash buyer pays the fees

    • @Jesus-yt1ms
      @Jesus-yt1ms 6 месяцев назад

      ⁠@@JasonGuthow would you let your end buyer know that he will paying the closing cost? How do you disclose it on the contract?

  • @calvinjones9930
    @calvinjones9930 6 месяцев назад +1

    Is that a "LEAN search or LIEN search?

  • @ForHereAndNow
    @ForHereAndNow 6 месяцев назад +1

    What if you are doing this virtually

    • @FlipWithRick
      @FlipWithRick  6 месяцев назад

      You need to find a title company in the virtual market

  • @404treyle
    @404treyle 6 месяцев назад +1

    👍🏾👍🏾👍🏾

  • @lupitaguarista6033
    @lupitaguarista6033 6 месяцев назад +1

    ❤👍

  • @daytonharris3229
    @daytonharris3229 6 месяцев назад +1

    So I have to pay all of that?? I thought this was how to do wholesaling for free 😭

  • @samueltlaczani4494
    @samueltlaczani4494 5 месяцев назад +1

    Am I going crazy? Wasn’t he using a whiteboard to explain everything?