Some Highlights Experts project an optimistic year for the 2021 housing market. With mortgage rates forecasted to remain low, high buyer demand is expected to fuel more home sales and continue to increase home prices. Reach out to a local real estate professional today to determine how to make your best move in the new year.
I just got through the annual tax deed auction in Michigan and here are the results. Are there opportunities here? Sort of. It depends on what you're looking for and what you're expecting to find there.
0:48 - Recap: What is a Tax Deed Auction? How does it work? 2:53 - Upsides and Downsides of Tax Deed Auctions 4:27 - Everything Online: The new era of tax deed auctions 5:21 - The Results 16:59 - What a “deal” is from a land flipper’s perspective 14:42 - Setting Proper Expectations and Finding a Competitive Advantage 19:36 - Disclaimers 21:58 - The Dangers of Emotional Buying 24:43 - Conclusions and Takeaways (and Better Ways to Find Deals)
Tax Deed Auctions Part 1: When, Where and How to Find Deals at a Tax Deed Sale - https://youtu.be/iVXMe_0mma4 Tax Deed Auctions Part 2: Live Bidding War and the Aftermath - https://youtu.be/ARN_CUmuf24 Tax Deed Auctions Part 2: Finding the Right Tax Deed Properties to Bid On - https://youtu.be/nhEaBodvMLM Tax Deed Auction Part 4: I Bid on 50+ Tax Deed Properties. Here's What Happened (YOU ARE HERE)
Harvard University just released a new housing market report giving their predictions of the direction the real estate market is heading and going over the impact 2020 has had on our economy and real estate market. I this video I go over my biggest takeaways from the report and help you understand the data.
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Thinking of joining Keller Williams Realty or getting your Real Estate License? Let's schedule a zoom call and I'll tell you what I love about it! Email me at malcolm@LivingInMaryland.com
Real estate investing can be seem intimidating, but getting started is simpler than you think! Learn how to invest in real estate in FortuneBuilders' guide for beginners.
Homeowners are spending more time at home due to COVID-19 and taking it as an opportunity to reimagine their living spaces. But not all home improvement projects offer an equal return on investment.
In the previous three posts for this series—we’ve covered a lot of ground. Part 1 discussed a bird’s eye view of the tax deed auction, how it works, and where you can access it from the state you’re working on. Here, I introduced you to tax-sale.info, the state of Michigan’s tax deed auction website. Part 2 was a deep dive into the process of bidding—when to start bidding, if and when you should respond to outbidding, and assessing the value of the properties you want to bid on. In Part 3, I shared my rationale for bidding on certain properties
Today we talk about what wholesaling is and why you should be doing it! ______________________________________________ �� ���� ��� ������� �������� ����� �� https://www.facebook.com/groups/thesc...
What Is Real Estate Wholesaling? I've been getting asked a lot lately about "what is real estate wholesaling? How does wholesaling real estate work? Why would you want to wholesale real estate?
I am Justin Colby and we are going to go over a massive subject that literally has come up five different times this week alone. And that is what is real estate wholesaling? Now I've talked to realtors and flippers this week five different conversations that they simply wanted to actually know what is it that makes real estate wholesaling so special? How do you actually do it and what is really the definition of wholesaling real estate?
So let me break that down to you as it is a very hot topic across all real estate investors as well as agents. Now first, if you are a realtor, and you do not know what wholesaling is you really need to pay attention to this video, a realtor should understand wholesaling real estate, and realtors should also be actively wholesaling real estate! Additionally, If you are fixing and flipping properties, you need to also be wholesaling.
I can tell you today, I actually had two separate conversations, one with the realtor out in DC, one with a local fix and flipper. And both of those conversations basically came from one angle as a realtor one as a flipper, saying, What is wholesaling and should I put that into my current business model?
Now for those of you that are not yet investing or wholesaling real estate, and watching this video in hopes to get in the game, I can tell you wholesaling is the very best way to start getting into real estate investing.
Now, it is different than long term wealth building, because it creates quick cash, in terms of a lot of cash that you can pay yourself, right, but it absolutely does not build wealth. What it will help you do is fire your boss create a great lifestyle. So you can not only just pay your bills, but you can afford vacations. And most importantly, you can afford to buy the rentals that you want to be able to buy, it creates fast transaction, it's a cash stick type of transaction, if you will, where you are simply contracting the deal with the homeowner and selling the paperwork, the assignment contract off to another investor who is likely going to either flip it or hold it for themselves.
So let's truly define it and I'll explain it the best way I can for you what wholesaling is now, wholesaling is the type of real estate transaction that you are not actually buying the property, you're simply contracting it and then assigning your contract off to another investor. As I just mentioned, the process is very clear, very simple, where you use a simple, you know, two page purchase agreement, you do not have to use a residential purchase agreement. If you are licensed, you might choose to do so if you are not, you absolutely do not have to use one. So you use a purchase agreement, you contract the property, you have other you have another buyer, let's say another fix and flipper, or maybe you have a landlord type buyer who's looking to build more of a portfolio, you may not be at that point yet you may not have enough money to start building your portfolio, you may not be wanting to take a risk in getting into the real estate flipping game. So at this point is best to simply assign your contract.
This is what is called an assignment contract which is used to wholesale real estate. It is a one simple page contract that essentially is giving you a fee to assign the contract over to the end buyer. Now, this is completely legal, the negotiations are between you and the seller. And ultimately you are collecting a check putting the seller together with the ultimate end buyer and you go rinse and repeat. You have no skin in the game in the sense of buying the property you do not need to go get credit or have credit for that matter. You do not need to go get a loan. You simply get a earnest money deposit at your choosing however much you would like. You then put it into escrow with a 14 day contingency or inspection period. And from that point, you do some your inspections and you simply find a buyer who will go out and buy this property for themselves, whether it be a flip or a rental. That is wholesaling real estate, folks.
This video is all about the debt snowball payoff method. ______________________________________________ �� ���� ��� ������� �������� ����� �� https://www.facebook.com/groups/thesc...
����� Justin Colby is all about Real Estate Investing and is the founder of The Science of Flipping Podcast and Coaching Program. He is an active Real Estate investor who has flipped over 1500 homes in multiple markets and is known as one of the top wholesalers, flippers, investors in the nation.
Justin has coached 1000s of clients on how to become a real estate investor/wholesaler and is a recognized national public speaker who has shared the stage with Grant Cardone, Ed Mylett, Kent Clothier, Brent Daniels TTP, Ryan Pineda, Jesse Itzler, Tony Hawk, and many more! He has also been featured in Entrepreneur Magazine along with features on FOX, ABC, NBC, and the Associated Press.
Justin's straight forward approach on how to launch, grow, and scale your wholesaling business into a flourishing rehabbing and wholetail business has made him a valuable resource to those seeking help getting into, growing, and scaling their real estate investing business.
In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months.
I am Justin Colby. And in this video, once again, we are going to be talking about the eviction crisis, because Nevada just announced that they are going to extend the eviction moratorium until the end of March.
What's up guys, welcome back to a video we do all things business, real estate and entrepreneurship. And I got to keep talking about this, what I think will be the big looming real estate crisis in the immediate future, which is going to be this eviction moratorium crisis. we've all talked about, heard about seen about thought about what's gonna happen to the real estate economy when all these moratoriums are up. Well, some of these moratoriums are ending here at the end of the year. And as a matter of fact, Governor sisolak I believe that's how you say his name out of Nevada, actually just extended the the renters eviction moratorium to the end of March. I gotta tell you, I have a couple thoughts on this. But I don't know if there is a right decision or a wrong decision here. So the renters moratorium was set to cancel or expire, I should say at the end of this year, which means landlords would finally be able to evict non paying tenants. And life would go on as usual. In that sense, however, Governor sisolak, I believe it is pronounced is actually extending that moratorium until the end of March. The link for the article that tells you all about the details of this is right below in the comment section below. But diving into this article, I was just blown away because as much as I actually think this is gonna hurt the landlords, which obviously it will I actually diving deeper into the article and in reading some of the stats, I actually don't know if this was a wrong choice, either. And I know that sounds weird, because it's listening to my videos. And quite honestly, if you just go rewatch the last video I put out yesterday, it was all about this eviction crisis. And so on the heels of me putting that video out yesterday, today, outcomes, I guess you would call it legislation from the governor of Nevada saying that he is going to put a further moratorium on renter evictions. Let's dive in here and really understand why he did that. And what's happening to a city like Las Vegas, the number one thing you got to realize is that city is heavily based around tourism, right? So between all of the the restaurants, obviously the casinos, the clubs, all of the other things to do the live shows, a lot of those individuals are no longer in work and they don't see a foreseeable future when it can get back to normal. Now I don't live in Las Vegas. And I know some things are open, some aren't. So if you are in Las Vegas, I'd love to hear kind of what's going on there and your point of view on the eviction moratorium. But reports from the article I did a deep dive into which is called the Nevada independent talks about how they are doing up to 25% occupancy in those type of restaurant/casino slash live event type of spaces. Now that really doesn't pay the bills, but they have to do something, which means staffing is way down. People aren't really getting paid. There's not a big industry out in Las Vegas as a moment in time besides obviously, this huge entertainment sector and tourism sector of Las Vegas. And so a lot of people are actually out of jobs due to this eviction moratorium. Now this moratorium really has helped those people who may be living paycheck to paycheck and now not even having a paycheck, not getting evicted. But I will tell you that the state's eviction moratorium ended in it actually opened up a pretty big eviction case load because the state's eviction moratorium ended a couple weeks ago which only led the city of disease city of disease control moratorium, you know, loopholes of evictions, and non evictions. And the cases of evictions for renters went up to like 6000 cases, of which 3000 of those actually were granted and 3000 individuals or families were essentially put out on the street. Now the governor has been begging the government for more money to subsidize this in the fear that he has and why he is done. This is roughly 400,000 people in Las Vegas alone are up for that eviction...
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