Lex Levinrad and the Distressed Real Estate Institute will not partner with anyone including Partnership Program Students, Private Mentoring Program Students, Real Estate Coaching Students Group Mentoring Students and Distressed Real Estate Boot Camp students if their «deal» is
not a wholesale deal and is not a discounted deal at 60 % to 70 % of After Repair Value (ARV).
Lex Levinrad and the Distressed Real Estate institute do not agree to partner with any students on any deals that are
not wholesale deals (meaning discounted deals at 60 % to 70 % of After Repair Value).
Not exact matches
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wholesale deals!
This wouldn't be a brokerage
deal or a license; Dark Horse handles the Dynamite products in a retailer capacity, the product purchased at
wholesale like any other retailer relationship.
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deals!
You see, if my
wholesale cost of the loan is the same as everyone else, but I don't have all the overhead of bank branches on every corner, and I don't have the overhead of all the advertising they do — I can offer better
deals.
Adding scrubbers to smokestacks to
deal with acid rain, and adding catalytic converters to vehicles, are best understood as inexpensive technical fixes —
not wholesale technological revolutions.
Well, methinks the SCC, right now, isn't sufficiently interested in attempting to make entirely coherent (or even sufficiently coherent) if that were possible the Canadian common law on damages, or some other aspect of tort law, particulary if doing so would force it to
deal with inconsistencies in its own jurisprudence and, perhaps, to concede in one way or another that it's
not now practicable for the SCC to undertake a
wholesale cleanup.
It does
not give you an option to buy as much coverage as you need and is more of a
wholesale deal.
When using a transactional loan on a REO
wholesale deal don't you need to show the bank proof of funds before they accept your offer?
In fact, why
not just seek to invest from the start, leveraging your knowledge to gain access into low or no money
deals, and
wholesale on occasion when a particular project calls for it?
I don't want to rain on your parade, but once you have a signed contract, there are many ways your
wholesale deal can still go south.
Lenders will do a title search and discover you (the seller, typically in
wholesale deals) are
not the owner.
Although this seller is anxious to sell and willing to do it at a discount without a realtor, she is
not a «Highly» motivated seller, or at least I don't think I could do a
wholesale deal with her.
can't wait to learn more about your
wholesaling adventures - fingers crossed you get a
deal soon:)
Or are you
wholesaling the remaining potential
deals that don't fit your rehab criteria?
How do I network and make connections when I'm
not a broker quite yet, haven't done a
wholesale deal and I have no business cards?
Finally, and I hope this doesn't come across as egotistical or full of hubris, but with the perspectives, knowledges and advice given within this thread, I have closed two
deals (one flip and one
wholesale) and have another two under contract since January 2014.
Yea I'm
not unfamiliar with lease options but doing it virtually seems more involved an how I do
wholesale deals.
I come across a lot of
deals that don't make sense to
wholesale, however they look great for doing a rent to own type
deal.
I'm trying
not to get discouraged but it's been a rough few months with several
wholesale deals falling through at the last minute.
The biggest issue I have with
wholesale deals is that they are just
not good
deals for me.
And, I don't think we have touched on the risks associated with
wholesaling, besides the question of it being a legal strategy, the techniques used by guruized newbies leads to other issues, tortuous conduct, fraud, predatory
dealing and to federal violations when there is interference in a foreclosure.
The wholesalers who hide the fact they are
wholesaling, mislead sellers, don't know how to correctly determine ARV, rehab costs etc. and have to back out of
deals when they can't sell it with «escape clauses», these are the ones who make a bad name.
If
wholesaling is your first choice, why
not try
wholesaling all your
deals and just rehab if you cant sell them.
I have
not done as many
wholesale deals as everyone here, but I have NEVER changed my original contract.
I'm getting close to my first
wholesale deal after only 1.5 months and I couldn't have done it without this amazing resource!!!
I have
not wholesaled a house and finding one that would make a acceptable
deal, for a buyer, is very difficult in our area.
The reason that people will by MLS
wholesale deals is that they have a full - time job and don't have time to track all of the possible
deals coming up on the MLS, go visit them and submit offers and track those follow - ups.
I don't think I've EVER seen a
wholesale deal in the greater Sacramento area where I thought the wholesaler's ARV was justified... I'm a licensed RE agent and have MLS access.
these Guru's advice was
NOT to
wholesale that its very difficult and what you should do is USE wholesalers let them do all the grunt work blow their credit card money and time on DM do one
deal in 6 months and flame out LOL... there was NO Guru talk of being a wholesaler quite the opposite.
I think «
wholesaling» is actually the misuse or wrong application of law allowing assignments of contracts, and the method of
dealing in bad faith and the underlying purpose to evade an agency relationship is
not valid.
We have a few who try to
wholesale deals they don't have under contract, and if I know those people are involved, I won't touch the
deal.
Simply lowering the price by $ 10,000 and calling it a
wholesale deal does
not make it a great
deal.
Question, if you don't provide comps, and rehab estimates or anything to anyone when you
wholesale, how do you in turn know it is a good
deal for anyone?
and I will
not out of principal buy or fund any
deal that some one has tied up on MLS and is trying to
wholesale which seems to be a sport in the Texas market..
If you find a
deal and decide to
wholesale it you are
not living up to the contract you have with your broker and are cutting him out of a commission.
While this particular method hasn't resulted in us
wholesaling a
deal to a buyer yet, I do think this is a great way to quickly generate buyers for a
deal if you don't have a list.
I have recently begun my
wholesaling venture and I haven't had a
deal yet either.
I will
not stop
wholesaling deals even when I do begin flipping houses.
If you don't have cash I HIGHLY recommend that you
wholesale a
deal or two first... just my two cents.
How To
Wholesale Real Estate: We
not only talk about Real Estate
Wholesaling but we are actually out doing
deals.
St. Louis
Wholesale Properties for Cash Buyers and Quick Close Cash buyers of real estate love
deals that work in the favor of
not only themselves but for the seller as well.
The point is that you can potentially get a great
deal from a wholesaler, just understand there's no free lunch and
wholesale deals come with risks
not found from MLS
deals.
This property was
not on the MLS nor a
wholesale deal.
The other thing to understand about
wholesale properties is that you generally will
not have the control and potential ability to back out of a
deal as you would with a property purchased on the MLS.
Don't allow the fear that a wholesaler may be unethical deter you from buying
wholesale deals.
They lose
deals to local investors and constantly fear that virtual
wholesaling just won't work out.
The problem is, most people don't actually understand how to do
wholesale deals in today's hot, highly competitive, seller's market.
Thanks Marty This is awesome information especially for me who just start a
wholesaling, I have one problem, I have buyers list who are willing to buy any type of houses, but I don't have the
deals, and because I don't cash it become difficult for me to look for Reo or foreclosure houses.