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Spend 36:04 minutes with me and my student Ayo and learn how he finds and puts deals together.
Spend 36:04 minutes with me and my student Ayo and learn how he finds and puts deals together. In this episode, Neal Bawa talks about "Market Selection, Opportunity Zones and Utilizing Data"Here is some of what you will learn:- What assets does a firm focus on acquiring? Milwaukee real estate prices are increasing fast now for the last 3 years. Here is the data, why it happens and what to expect. Spend a few minutes with me and learn how to create a steady five figure monthly income without banks, debt, cash or repairs. Utilize what you already have in place to create monthly residual income that will last for... In this episode, Ronald Rohde talks about "Legal Concerns When Investing in US Real Estate"Here is some of what you will learn:- What are the usual concerns or obstacles that foreign investors face when... So watch this short video and you just might learn a little something , something! This podcast is titled Denver Real Estate MLS Market Stats - January 2021. The Denver MLS trends data for January 2021 is out. Comparing year over year (January 2020 to January 2021) is better than...
If you have just 14 minutes to spare out of your busy day check out my video which will show you how do a set up a... I started a YouTube channel to document our projects around Reno and Northern Nevada.
We are doing several episodes per project so you guys can see, in detail, each step of the process - marketing, funding,... Spend 36:04 minutes with me and my student Ayo and learn how he finds and puts deals together. Spend 36:04 minutes with me and my student Ayo and learn how he finds and puts deals together. Darren Sager has made a good case that wholesaling is, for all intents and purposes, similar to a net listing (which is illegal in many states).
Furthermore, Illinois has severely restricted the practice of wholesaling and other states are likely to follow suit. And there are plenty of wholesalers around these days.
Whenever you inquire about their properties, they will want to add you to their list. If you are active at all in real estate, they will be calling and texting you to get your criteria (price point, size of rehab, where you want to cheap loans compare buy, etc.
Many (though by no means all) have very bad rehab estimates. So yes, you need to put together your own rehab estimate and not trust that of the wholesaler. And while it should go without saying, some of them are a wee bit oversold. The second cheap loans compare most important thing when negotiating with a wholesaler is speed—both the quickness with which you can get to the property to make an offer and the quickness with which you can close. Most want you to close in two weeks or so, which makes bank loans all but impossible. Buying how do easy loans compute interest for cash or having a partner or private lender lined up is the way to go here. Regardless, getting there quickly and making your offer quickly with a quick close is the way to get an offer accepted.
Sometimes it will go highest and best as it would with a real estate listing, in which case you should, again, offer what you are willing to pay. Wholesalers generally make their money with volume. This is where you want to be, as there is less competition and therefore a higher likelihood of getting a good deal. To get on this list, you need to prove that you can close. And thus, buyers who they know will close are gold for wholesalers. Most wholesalers are willing to take a bit of a discount to sell to someone they know will close. Regardless of what you think about wholesaling, there are ways to find good deals from wholesalers. It just involves sorting through the junk, acting quickly, and following through. Kevin cheap loans compare Christensen is no different, he works a full-time job, runs a retail store with 5 locations, and self-manages his long and short-term properties, all while doing some handyman work himself! Kevin only started actively investing in real estate around 2 years ago, but has so far done 18 deals, won a lawsuit, and hired two full-time contractors for his properties. He was sued in the middle of a subject-to deal while renting out a house as a short-term rental. I was instant cash loan no credit check scribbling feverishly throughout the whole podcast trying to keep up with all the different stuff.
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He talked about subject to, he talked about hard money, he talked about hiring payday loan com folks. Just so many things that that rookies I think will benefit from hearing. Ashley:Yeah and he actually volunteered himself to help me on a subject to deal. So make sure you guys watch in the Real Estate Rookie Facebook group for me and Kevin to go live in there. I mean we payday loans direct deposit could have gone on and talked to Kevin for hours. Do you want to start off telling us a little bit about yourself and how you got started in real estate? I mentioned to Tony earlier, this is a bucket list thing for me. Probably about six months before I got started in real estate. I was just looking for an alternative way to pay off my student loans.
And I started doing the research and digging into wholesaling and I really got invested in podcasts and I listened to hundreds of BiggerPockets podcasts and other podcasts and YouTube videos. Hundreds of hours of content and then finally got up the nerve to go out and drive around and look for a property. I just was thinking about this short term gain on it. And it slowed me down and reeled me back in and I started running numbers. Tony:Can you walk us through what those 18 deals are? Just give us the 30,000 foot view of what those 18 deals were. So in the loans for bad credit no guarantor no fees no brokers beginning like I said, I was really, really gravitating towards not spending money.
And not counting the one I was just talking about, the first actual deal I did took 10 months to close and I can go into that one a little bit later and why it was so difficult. And essentially the house gets deeded to you and the loan stays in their name for a period of time. It can be up to and including the entire length of the mortgage depending on the deal. And I did not know that I needed to go through a formal closing process and have the house deeded to me. It forced me to purchase the house years ahead of schedule which set me back. I probably would be at 25 or 30 deals right now had that deal not come along and forced me to put that cash down. The neighbors were complaining about the short term rental guests coming in and out all the time.
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It was a 20 page contract that was all signed up and Ts crossed and Is dotted. And actually my attorney is supposed to call me tomorrow to discuss free personal loans it, if this is something that we can do. Kevin:So for the rest of the deals I had a couple subject tos. I have one commercial no teletrack payday loans cheap loans compare direct lenders loan on a two unit and then I just recently in December did my first wholesale deal that I got all excited about in the beginning. I installment loans no cheap loans compare credit check direct lenders want to ask you about … You had your mind set on that strategy. Was she always on board with you doing wholesaling and getting into real estate investing and what would cash loans columbus ohio be your advice for someone trying to talk to their spouse about getting on board? Kevin:I will tell you that my wife and I have a very good relationship. We got married after knowing each other for two months and 10 days. We started a retail company six years ago with one location. Kevin:So she was dead set against rental properties. The irony that she suggested keeping the house is not lost.
It was two houses and a 12 car garage on a one acre property split down the middle. And I was just going to sell it for 250 as a wholesale to somebody, make a quick 60 grand and move on.
I just need you to be in the background doing what you always do.
Being supportive, keeping our kids schedule in check, and let me go out and grind and do what I do. I do my day job, I get done, I go to work building my legacy. And we see that a lot where the other spouse has this faith in the partner that wants to start the real estate investing.