I have been investing in real estate for a long time now; two decades to be exact. However, it was almost a decade before I started wholesaling houses. It took me a while to wrap my brain around the concept of wholesaling. The process can be somewhat bewildering if you are new at real estate investing, so I hope this article will simplify the process for you. Wholesaling is just one of the many strategies that you can use to buy and sell property. It is by far the quickest way to make some fast cash.
If you need some help talking to sellers when you get them on the phone, I have a free resource for you at the end of this article. Grab my Property Information Form and you'll never dread talking to sellers again.
I have a wholesale case study for you today. I love doing case studies, because you have the opportunity to learn from someone else's success (or failure). In this case, we are definitely talking about success. Chicago investor Kevin Fourte was a student in my probate course Probate Investing Simplified. I have gotten to know him and also learn about his real estate investing business.
In today's show Kevin shares the details of one of his most recent wholesale deals. Kevin owns several businesses, and his real estate business is just one of them. Real estate provides him with a very lucrative stream of income.
Whenever you have the chance to learn from a case study, it's definitely worth the investment of your time.
Here's the Video Interview – Wholesaling Case Study with Kevin Fourte
You Can Listen to the Podcast Here – Wholesaling Case Study with Kevin Fourte
Would You Rather Listen on iTunes?
You Can Also Listen and Download all of the podcasts on iTunes By Clicking Here. Please do us a huge favor and leave us a review over in iTunes at the link above.
If you want to schedule a 1 on 1 call with me to talk about specific strategies for building your brand and creating more effective marketing for your business, you can do that here by clicking this link.
If you're not already subscribed to the blog be sure to do that today so you don’t miss any of the business building tips I have coming your way. I want this year to be your best year ever! And if you enjoyed this article, please share it.
Today we’re going to dive into the smart way to build a wholesaling business.
My guest is Indianapolis investor Brett Snodgrass from Simple Wholesaling. Brett is a business man, a husband and a dad. He has built an impressive wholesaling business. If you've ever thought about wholesaling or how to build a real wholesaling business, this show is for you. You will also learn why Brett chose this strategy.
I closed on 2 wholesale deals a while back, and today I have the tale of 2 wholesale deals. I thought they would make a good case study today.
You put deals together based on what you hope will happen. However, smart investors always have written contingencies for the things that “could happen”. Wholesale deals sometimes have unexpected surprises.
These 2 wholesale deals were quick closings. They were 12 days start to finish. Both houses were purchased from the same motivated seller as part of an estate. The man was unemployed so he was thrilled to close so quickly. At this point, I was thinking this deal was going to be pretty painless.
I might add that his dad had passed away, add he opened the estate the next day after he died. Before planning the funeral. That pretty much sums up how he felt about his dad. He wasn’t shy about saying he couldn’t stand his dad and he was only interested in the money.
Today we’re going to talk about the difference between birddogging and wholesaling, and why birddogging is a great way to transition into wholesaling.
I’m happy to have Marcus Maloney back on the show to dive into this topic. Marcus is a 3rd generation real estate investor that moved across the country and had to start all over in a new area. This is definitely an interesting story about starting over.
I have put together something special for you today. It’s “The Complete Guide to Double Closings; How to Buy Property Even When you’re Broke”. Double closings are also called simultaneous closings.
There is so much confusion when it comes to doing double closings especially for new investors. While this subject appears to be complex, it is really quite straight forward in how it is done.
There’s a lot of information to cover so let’s get started. I will go over what a double closing is, exactly how it all works, and I also tell you why I prefer double close rather than assign the contracts.
Double closings or simultaneous closings as they are sometimes called are when you (the buyer) actually take title to the property just before you sell it. You buy the property and sell it usually in about a 30 minute time span. Read the rest of this entry →