05
Jun
Real Estate Investing Training Video Wholesale Deal Part 2
Posted by: admin / Category: creative real estate investing
http://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 http://www.localmentor.com/
Duration : 0:7:9
Tags: localmentor
June 5th, 2010 at 1:29 pm
Thanks for posting …
Thanks for posting this video. Very helpful information! We are currently trying to implement some of these ideas into our business plan.
June 5th, 2010 at 1:29 pm
BIRDDOG ALERT: I’m …
BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at: mshinvestments(.)com
June 5th, 2010 at 1:29 pm
you can go directly …
you can go directly to realquest or sitexdata and then you can pay for what the title company will give you for free.
June 5th, 2010 at 1:29 pm
cool. yea im 21 and …
cool. yea im 21 and trying to get started in this business. ive already visited the county recording office. but im having trouble finding these types of properties.any suggestions besides title company??
June 5th, 2010 at 1:29 pm
yes and you should …
yes and you should be able to buy a data CD from them. It’s easier for me to get that info from my title company – it’s formatted and easier to use.
June 5th, 2010 at 1:29 pm
is the county …
is the county records office a place to look up these propperties. and if so how can u make that list easier. what whould u look for??
June 5th, 2010 at 1:29 pm
So he got paid the …
So he got paid the profits only ? knowing that the Title company has the full amount and the other guy is only obligated to pay the buyer $8000 somthing? i don’t know if i got this right
June 5th, 2010 at 1:29 pm
where do we find …
where do we find the website to download the forms the forms?
June 5th, 2010 at 1:29 pm
Double closing: I …
Double closing: I find a motivated buyer a house that matches their investment criteria. The buyer, myself and the seller go to the title company together to close. I close my assignment contract with the investor and collect my assignment fee (i close). Then the Actual buyer closes with the seller (2nd close). Not necessary. Once buyer signs assignment with you they can pay you right then and take the deal from there. Its up to the 2 of you how you want to close.
June 5th, 2010 at 1:29 pm
If this was a …
If this was a simultaneous closing didn’t YOU have to pay some closing costs?
June 5th, 2010 at 1:29 pm
Explain to me what …
Explain to me what a double close is and what a simultaneous close is. The REI books I’ve read on wholesaling/contract assigning leave these terms out and also completely leave out what to do when seller has an RE broker/agent.
June 5th, 2010 at 1:29 pm
simultaneous close …
simultaneous close on this one, however most of the time I do assignments. Wholesaling eliminates the need to close with your own money – you either get paid as an assignment or as proceeds between a simultaneous closing.
June 5th, 2010 at 1:29 pm
I am wondering, was …
I am wondering, was this a double closing, simultaneous closing, or did the wholesaler actually buy the property first, and then sell?
June 5th, 2010 at 1:29 pm
great! makes a …
great! makes a complicated process seem so simplified. maybe I just make it complicated in my mind. I subscribed to your videos – thanks for posting them!
July 10th, 2010 at 8:25 pm
I am now confident the peak in Canadian housing has finally set in. The real estate industry tries to convince everyone it’s business as usual and homes are affordable because rates are low. High-end home prices will remain relatively steady for a brief while longer.