How To Wholesale A House!!

Jun 30, 2015Download as pptx, pdf

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The document outlines a guide to wholesaling houses, emphasizing the importance of using a buyer-friendly contract and understanding property value. Key steps include dealing directly with homeowners, finding undervalued properties, identifying cash buyers, and marketing the house to complete the transaction. The author shares personal success in the field and offers assistance for those needing help with contracts.

Real Estate

Inthe earlyto mid 2000sa fortunewas made wholesaling houses. Wedid eight to twenty houses a monthand
earnedfees anywherefrom $5,000to $50,000per house. It was a fantastic way to makemoney in the realestate
business. It was easy because therewere so manyinvestors in the business until the bubble burst.
Thevehicle for making bukubucks didn’t go away.
It’s still a viable way to make a lot of money, FAST!
But, you have to know what you’re doing.

Whenyou put the houseundercontract, you have
to use a “buyerfriendly” contract that youcan get
out of if youare not able to find a buyer. If you
don’t have a “buyer friendly”contract, email meat
RJP@BuyCashFlowProperties.com, and Iwill send
you one.
A “Buyer Friendly” Contract
So, here are my 6 easy steps to
wholesale a house…

Step #2: Know the value of what you are putting under
contract.
Youmust know that there is equity inthe housefor the person youassign thecontract to. Youcan usethe
property appraiser inyour town or a realtor. I use RealQuest reports which give meinstant, comparable sales in
most parts of the country. This is a critical step to yoursuccess.
Step #1: Only deal with the owner of a home.
If you try and tie up properties with realtors and youdon’t close, it could causeyoua headache. Plus, the realtors
will insist on using their form which protects the seller. You can still buy from realtors includingHUDhouses, Fanny
Mae, etc. but youwill need the money to close as they don’t allow assignment or double closings inmost cases.

Step #4: Find some houses to buy!
Thereare so manyways to find houses also knownas lead generation. Thekeyfor youis to
havea system inorder to find undervaluedproperties on a consistent basis and thenselect the
best opportunities. Here’s the most popular ways wefind houses to wholesale: TV advertising,
mortgage foreclosures, and realtors.
Youcan direct people to your website using SEO – searchengine optimization and look for
wholesalers, or buyleads from other lead generatingcompanies. Theseare just a few ways to
find properties.
Step #3: Find your cash buyers!
Youmay find a lot of deals but youneed a buyerto makeanymoney. Thereare a numberof ways to find buyers. One
is to put signs up all over the area wherethe house is located and direct people to call you. Thesesigns are knownin
the business as bandit signs. But they are prohibited inmanytowns and cities.
To avoid this headache,we usea bandit phone. For moreinformation on this solution go to www.banditphone.com

Step #6: Market the house and assign
the contract to your buyer.
In2005,wedid over 130 houses this way and it doesn’t takea rocketscientist, but it does require
knowledgeto put into action!
Step #5: Write the contract!
Tryto extend theclosing as far out as you can to giveyourself the
opportunity to find a buyer. Theonly way youare going to get a house
undercontract is if youare able to meet the needs of the seller. They
haveto believe that yousolve their situation. Yoursale skills will
determine just how successful youwill be, but know this: You can’thelp
the seller and be prepared to walk away.
For more details email meat RJP@BuyCashFlowProperties.com

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Laec dz.com-128plamenbraina

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1. Target a cash buyer if you need to sell your house quickly as they can complete the sale within a week. This avoids realtor fees and allows you to avoid foreclosure or make a quick move. 2. Do your research on recent sale prices of comparable homes in your area and get your home documents like title and insurance papers in order. Ready your home for viewings by cleaning and making basic repairs. 3. Price your home properly by comparing to recently sold local homes on sites like Rightmove. Be prepared to negotiate on price from your listing. 4. Promote your listing online through sites like Craigslist, YouTube, and social media as well as traditional methods like signs to

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How To Wholesale A House!!

2. Inthe earlyto mid 2000sa fortunewas made wholesaling houses. Wedid eight to twenty houses a monthand earnedfees anywherefrom $5,000to $50,000per house. It was a fantastic way to makemoney in the realestate business. It was easy because therewere so manyinvestors in the business until the bubble burst. Thevehicle for making bukubucks didn’t go away. It’s still a viable way to make a lot of money, FAST! But, you have to know what you’re doing.

3. Whenyou put the houseundercontract, you have to use a “buyerfriendly” contract that youcan get out of if youare not able to find a buyer. If you don’t have a “buyer friendly”contract, email meat RJP@BuyCashFlowProperties.com, and Iwill send you one. A “Buyer Friendly” Contract So, here are my 6 easy steps to wholesale a house…

4. Step #2: Know the value of what you are putting under contract. Youmust know that there is equity inthe housefor the person youassign thecontract to. Youcan usethe property appraiser inyour town or a realtor. I use RealQuest reports which give meinstant, comparable sales in most parts of the country. This is a critical step to yoursuccess. Step #1: Only deal with the owner of a home. If you try and tie up properties with realtors and youdon’t close, it could causeyoua headache. Plus, the realtors will insist on using their form which protects the seller. You can still buy from realtors includingHUDhouses, Fanny Mae, etc. but youwill need the money to close as they don’t allow assignment or double closings inmost cases.

5. Step #4: Find some houses to buy! Thereare so manyways to find houses also knownas lead generation. Thekeyfor youis to havea system inorder to find undervaluedproperties on a consistent basis and thenselect the best opportunities. Here’s the most popular ways wefind houses to wholesale: TV advertising, mortgage foreclosures, and realtors. Youcan direct people to your website using SEO – searchengine optimization and look for wholesalers, or buyleads from other lead generatingcompanies. Theseare just a few ways to find properties. Step #3: Find your cash buyers! Youmay find a lot of deals but youneed a buyerto makeanymoney. Thereare a numberof ways to find buyers. One is to put signs up all over the area wherethe house is located and direct people to call you. Thesesigns are knownin the business as bandit signs. But they are prohibited inmanytowns and cities. To avoid this headache,we usea bandit phone. For moreinformation on this solution go to www.banditphone.com

6. Step #6: Market the house and assign the contract to your buyer. In2005,wedid over 130 houses this way and it doesn’t takea rocketscientist, but it does require knowledgeto put into action! Step #5: Write the contract! Tryto extend theclosing as far out as you can to giveyourself the opportunity to find a buyer. Theonly way youare going to get a house undercontract is if youare able to meet the needs of the seller. They haveto believe that yousolve their situation. Yoursale skills will determine just how successful youwill be, but know this: You can’thelp the seller and be prepared to walk away. For more details email meat RJP@BuyCashFlowProperties.com

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How To Wholesale A House!!

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