A lot of times when real estate investors buy houses, the seller really isn't looking to get a big check at closing. So why do sellers sell their houses to investors? Well, getting a large amount of money won't really help them so we have to find out what the real problem is so we can custom craft a creative financing solution to get them where they want to be. In this case, the seller didn't have a mortgage but she didn't want to keep making repairs to the house. She was looking to keep her current lifestyle without having to do any updates or yard work. This is part two of how we were able to buy her house, at the same time do a double closing buying her a house to move to so she could get out of her current house. She's finally starting to move into her new house and I want to show you what type of house she wanted so you can see that giving people a large chunk of cash sometimes won't solve the problem. We must be problem solvers and come up with creative solutions to help home owners.
00:00- Intro 2:25 - Why this seller didn't want to sell for cash 3:12 - Find out how Gregg quit his job and now invests in real estate 4:13 - See what the area looks like at her new house, and go inside the property-it's NICE 6:27 - Let's meet the realtor that helped put all this together 9:55 - How is showing houses during covid-19 11:43 - How it is working with buyers 13:45 - The buyer wanted to back out of the deal
Some Highlights Today’s home price appreciation is driving equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move. Now is a great time to put your equity toward a down payment on the home of your dreams.
Everyone wants to be financially free or as Robert Kiyosaki states, “to get out of the rat race”. As Real Estate Investors or full time self-employed entrepreneurs, we pay taxes often and in large amounts. I encourage clients to avoid using what some would say are tax scams but instead reduce their tax debt by … Audit Proofing Your Real Estate Tax Deductions Read More »
There have been some discussions lately about the legitimacy of wholesaling. 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.
Still, others argue that it can be done properly with full disclosure and reasonable margins between the wholesaler’s purchase price from the original seller and the sales price to the end-buyer.
While I have misgivings about wholesaling and we don’t wholesale ourselves, we do buy from wholesalers from time to time. And there are plenty of wholesalers around these days. So it’s worth knowing the best way to buy properties from them as there are, sometimes, good and ethical deals to be found.
How to Find Wholesalers
Wholesalers are not at all hard to find. You’ll meet plenty at your local REIA (Real Estate Investment Association) and they will generally have advertisements up all over Zillow, Trulia, Craigslist, etc.
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 buy, etc.) so they can put you on their buyers list.
Thus, if you start getting on their lists, you will start getting inundated with potential deals. Most will be junk, but not all. From what I've seen, it's extraordinarily hard to get a BRRRR deal or a 70% rule-quality flip from a wholesaler, but there are a good number of decent deals available from them (about 10% to 20% equity). Of course, there is a lot of trash as well.
Many (though by no means all) have very bad rehab estimates. They seem to have gotten better in the last few years, but I’ve seen estimates that were off by several hundred percent. I’ve also seen “rehab budgets” on houses that were bulldozer bait. 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. "40% Cash on Cash!" "25 cap rate!" "$50,000 under market value!" "This deal will cure cancer!" etc., etc. Again, value the property yourself.
Interest rates are ticking up, will this end the housing market bidding wars that are happening around the country? Today we are talking with Terry Burger a long-time real estate investor to get his opinion on what he believes the housing market is doing and how higher interest rates could help with the current supply of homes.
Please Feel Free To Drop Me A Email At Info@YourRealEstateWhisperer.com Or You Can Call Me Direct At: 1-225-246-1812 �To look for properties in the Baton Rouge and Ascension Parish area click here: https://goo.gl/Pfi9W9 #housingmarket #homes #kristinasmallhorn
�To read my blog visit yourrealestatewhisperer.com
�To Send Mail: Kristina Smallhorn PO BOX 1271 Prairieville LA 70769
Kristina Smallhorn, Your Real Estate Whisperer kristina.smallhorn@exprealty.com,info@yourrealestatewhisperer.com eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817 DIRECT☎️: 225-246-1812 Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License #0912122918 Disclaimer: All images and additional video segments contained in the Thumbnails and/or B-roll segments are used in strict compliance with the appropriate permissions and licenses required from https://pixabay.com and in accordance with the YouTube Partner Program, Community guidelines & YouTube terms of service. As an Amazon Associate, I earn from qualifying purchases at no extra cost to you as a buyer.
John Fedro's channel is a FREE mobile home investing crash-course for anyone looking to become a mobile home investing pro. Learn more secrets, tricks, and behind-the-scenes lessons while flipping, wholesaling, and cash-flowing mobile homes in parks (also, on private land)!
0:00 Intro to Brandon 4:10 First few months investing 6:50 Covid issues? 8:50 Bad tenant story 14:00 How many homes? 14:50 First deal mistakes 17:30 $3000 Wholesale 19:00 Deciding cash or payments 22:22 Deal #4 24:10 Senior Manager Story 28:30 Get reviews 29:45 Working with Park managers 32:50 8 Deals in 8 Parks 34:30 What's next? 35:40 Handyman special #8 36:50 FT or PT 39:50 Goals for 2021 40:30 Family time VS. Work time 44:20 Deal #5 52:30 Selling fast! 53:40 Roller-coaster of emotions 55:00 What's the most you've paid? 55:57 Deal #6 55:50 Sun Communities 1:05:30 Unhappy/Happy manager 1:08:20 Commission structure for managers 1:10:55 Deal #7 1:17:40 Local competition? 1:23:00 Be decisive 1:22:00 Why John? 1:23:07 Brandon's Bonus Advice ____________________________________________________ �SUBSCRIBE TO MY CHANNEL (You know you want to.) �LIKE & COMMENT THIS VIDEO! ____________________________________________________ �VISIT OUR VIDEO & ARTICLE LIBRARY! Over the past 10+ years I've been documenting what's been working in my business & the 100s of mobile home investors helped nationwide. Learn FREE how other investors are making quick profits flipping/wholesaling or long term cash-flow with mobile homes in parks and on private land. �https://www.mobilehomeinvesting.net ____________________________________________________ �PARTNER WITH JOHN FEDRO 1-ON-1! Do you want access to John Fedro, mobile home investing step-by-step detailed instructions, lessons, recorded phone calls to buyers, sellers, and park manager? How about contracts, scripts, checklists, cheat-sheets, deal analysis software for mobile homes you find? Hard work is required!! Find out more if this is right fit for you at the link below. �https://www.mobilehomeinvesting.net/next-step/ _____________________________________________________ �����JOIN OUR FACEBOOK COMMUNITY (MEMBERS ONLY) �https://www.facebook.com/groups/mobilehomeinvestors _____________________________________________________ �FOLLOW ME ON INSTAGRAM @john_fedro �https://www.instagram.com/john_fedro ____________________________________________________ �PURCHASE A SHIRT FOR CHARITY �http://www.mobilehomeswag.com
#mobilehomeinvesting #johnfedro #mobilehomeflip
In today's video we sit down with active mobile home investor Brandon from Michigan. At the time of publishing this video Brandon has successfully purchased and resold over a dozen mobile homes in his local market. Brandon started with limited cash and is flipped mobile homes to all cash buyers as well as holding some for long-term payments.
In today's video Brandon shares the good and the bad when it comes to mobile home investing. Learn what it is taken Brandon months to already experience successfully and safely investing in manufactured homes.
Mobile home investing does require hard work and regular effort. Learn more about mobile home investing and becoming a successful mobile home investor by watching some of the other videos found on this channel. Also, feel free to check out our mobile home investing blog at the link below.
As a beginner real estate investor, it's easy to become overwhelmed. What strategy should you use? Where do you start? In this video, Coach Carson uses a diagram to help you step-by-step to find your next step. By the end, you'll have more focus and clarity about your unique path as a real estate investor.
Learn from the Mad Fientist about how he's able to retire with his stock portfolio: https://youtu.be/yarm6a2nQ00
Timestamps: 0:00 - What should you be doing next? 0:59 - My course Real Estate Start School 1:57 - Do you need cash now? Yes? Then do this. 5:33 - Are you willing to wait for cash 5-10 years later? Then do this. 8:33 - Active real estate investing strategies 9:41 - If you're just starting out with little money, do this. 11:06 - If you have money and want to grow it, do this. 13:03 - If it's about preserving your wealth with less risky options, do this. 15:11 - Did you find your focus? Comment below!
In this video I'm going to discuss creating that anonymity shield and what you shouldn't do when setting up your entities. � If you would like a FREE 45-minute consultation, you can request one here �� https://aba.link/45minSession
I'm a strong proponent of setting up structures where your using an entity that's been set up in Wyoming or Delaware to hold of your business interests. You need to take as many steps as you can to keep your business private as possible.
What you need to know about how to avoid exposing your LLC to creditors is covered in this video.
Questions or requests for a video topic are always welcome!
Ready To Protect Your Assets From Frivolous Lawsuits and Take Your Business To The Next Level?
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
One of the most profitable real estate investing techniques in today's market is converting mobile homes into houses. This video illustrates this mobile home flipping formula. And here's the link to the additional resources: https://www.freedommentor.com/mobile-home-flipping-formula/
The real estate bubble is going to pop, but not when and why you might think. It’s different this time, because...
1. Buyers are different and in a different financial position than last time. 2. Housing inventory is at an all-time low. It was quite the opposite last market crash. 3. Lending guidelines are still very strict. 4. New construction is lagging due to building material costs and availability. 5. Demand is unprecedented per the aging millennial demographic. 6. Foreclosures aren't even the same, but...
There's hope! 5 markets where you can still get in on the real estate investing game without paying through the nose.
-----------------------------------
��� Get 4 FREE stocks from Webull when you open an account using this link � http://4FreeStocks.com
���...and I opened a second account (diversification!) at Robinhood to get more free stock by using this link � http://MoreFreeStocks.com
��� Diversify your portfolio with a small investment in the future, cryptocurrency by using what I personally use � http://bit.ly/EpicCrypto
My name is Matt Theriault. When aspiring, frustrated investors are stuck in the proverbial “rat race,” they come to me.
I help these people create passive income through creative real estate investing strategies so their money works harder for them than they do for it, resulting in ultimate financial independence and freedom.
Whenever you're ready, here are some ways I can help...
If you’d like…
✅ to brainstorm some ideas about your real estate investing and the potential of working together, watch this https://youtu.be/JQPTe2XzDVM
✅ for us to take on all of the heavy-lifting and build your cash flowing income property portfolio for you, go to http://CashFlowSavvy.com
✅ to find off-market real estate deals and do it yourself, here's our most valuable tool in doing so http://bit.ly/OffMarketRealEstate
QUESTIONS ABOUT EPIC PRODUCTS AND SERVICES, CONTACT SUPPORT support@epicinvested.com.
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Matt Theriault is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicles.
In this episode, we’re talking with a land flipper named Luis, who sells most of his properties through double closings and assignments.
This is where an investor lines up both the original owner and the end buyer to close on the same day, a few hours apart.
For example, let’s say Luis found a motivated seller willing to sell their property for $5,000.
Luis will sign a purchase agreement with this motivated seller, locking in the sale price.
Then he’ll go market the property for sale, at say $15,000… before he even buys it from the original owner.
Once he has someone interested in purchasing it at $15,000, he will schedule the closing for both transactions to occur on the same day, making the $10,000 difference between the original transaction and the final transaction.
This is how a double closing works – and the powerful thing about it is Luis is able to scale his land business very quickly because he is not using any of his own capital to acquire his inventory.
This is a very common strategy among house wholesalers, but it’s not as common among land investors… and it might be a way for people with limited funds to scale their business quickly. So needless to say, we’re excited to have Luis on the show to discuss exactly how he does this in his land business!
Join Ken McElroy and his co-host Danille as they go live each week. Ken covers a broad range of real estate, entrepreneurial and investing topics. Be sure to join live to be able to chat with other like minded real estate investors. To join in and learn more: https://kenmcelroy.com/premium
Be sure to click the bell to be notified as soon as he goes live next!
Purchase a copy of Ken's book, "The ABCs of Buying Rental Property,": http://bit.ly/RentalABCs Visit Ken's Bookstore: https://rda-press.com/rich-dad-advisor-ken-mcelroy/ Ken has a real estate strategies podcast! Follow on your favorite platform for new discussions released weekly. Apple Podcasts: https://apple.co/3jDqftx Spotify: https://spoti.fi/31GUDwW Website: https://bit.ly/2DaIoPH • Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive. Ken's company: https://mccompanies.com/ • DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind. Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates
Ever wondered why more Realtors don't get into fixing and flipping houses? They know their market as well as anyone right?
And what about contractors? Why don't they just fix and flip? They know how to put a rehab budget together.
Most Realtors and contractors fail at fixing and flipping houses because they don't know the 3-step process to becoming a pro fix and flip investor. In this video, Marty Boardman explains how it works.
For more free training, check out our no-cost webinar:
We’re asked a lot on how to analyze short-term rentals. Since short-term rentals have different expenses, rent estimates, and occupancy rates, running a short-term rental analysis may seem tricky at times. Both Ashley and Tony own short-term rentals and know the often overlooked costs of running a profitable getaway.
If you’re still looking for the best way to analyze your short-term rental prospect, Ashley and Tony may offer some much needed guidance!
Here are some suggestions:
Understand your average nightly rate, occupancy rate, and annual expenses Use tools like AirDNA and Mashvisor Use Tony’s short-term gross revenue formula Try out the BiggerPockets Airbnb Calculator Know the permitting laws and fees of the area you’re looking into Add regular business expenses to your calculations (accountants, insurance, taxes, etc.) And more!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
To get content containing either thought or leadership enter:
To get content containing both thought and leadership enter:
To get content containing the expression thought leadership enter:
You can enter several keywords and you can refine them whenever you want. Our suggestion engine uses more signals but entering a few keywords here will rapidly give you great content to curate.
Your new post is loading...
![Americans See Major Home Equity Gains [INFOGRAPHIC] – | Real Estate News and Auction | Scoop.it](https://img.scoop.it/2__jI7jcUvqn12NkmI6pNDl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9)
