Real Estate Investing Training Video Wholesale Deal Part 1
Friday, January 29th, 2010 at
2:19 pm
localmentor asked:
www.localmentor.com host Michael Jake shows how a wholesale house flip happens. A walk through of a typical REO, Bank Owned House, Estate House, tired rental property, and how the deal was Found, How it was Funded, and how the profit was made and how much! Learn more Colorado Creative Real Estate Investing Techniques at www.localmentor.com
Tagged with: Reo • Training Video • Video Wholesale
Filed under: Investing
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good advise
Seller’s pay the agent’s commission. So the REO company already has that figured into their price. So if you can somehow circumvent the Realtor the REO company is just keeping that commission. In other words the seller keeps the profit, not you.
i am an investor….people listen to this guy …one of the few that is offering practical advise.
Thanks man, your videos really inspired me to invest in real estate rather then the stock market.
I prefer to know where my moneys going.
So you can wholesale even if there’s an agent/realtor/broker involved? Doesn’t that cut in to your profits? And besides that, doesn’t that complicate negotiations?
Question for submitter / director:
2:39 … is that a basement?
Wholesaling definitely keeps your hands clean in this business!
Wholesaling requires no financing – not for the wholesaler – that’s the whole point – you sign up the deal and sell the deal to another who pays cash or provides financing. You get paid by selling the contract or double closing. You don’t need any money to do wholesaling. If wholesaling REO’s you will need earnest money deposits, but you will want to watch my video on wholesaling REO’s for the techniques.
Hey MIke. I saw all your other videos, but I do have a question. What type of financing did you use when you first started out wholesaling? (assuming that it wasn’t all cash since you just started out)
lol ugly is opportunity, i like that
I really liked your video and your channel. If you need any help getting this video or channel exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
Nice.
hey i like a chance to speak with you. if you could find time to call 732-306-4740
Nice Vid. I enjoyed it. We market properties and other things on youtube, we hope to create a large network of people interested in making money. Your video gets a five star rating from us. I hope you feel the same about ours.
Audio is hard to hear, but the video is great – really helps me understand what a fixer upper looks like. Thanks!