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You're very welcome! Be sure to check out my additional free training here: realestateskills.com/training?el=htfhsbs You'll see everything we do in practice, as well as, case studies! Happy Wholesaling! 🏠 P.S. Be sure to subscribe if you want to see more content like this!

Yep. This is simple to acquire if you're a professional wholesaler dealing with professional cash buyers. My viewpoint is the opposite. I know most professional cash buyers would want to do so. If you could bring a cash buyer 2 wholesale deals a month that they can make $40k profit on per house flip, and you work with them because they are assisting you with a proof of funds. Then, that decision of theirs to assist with the proof of funds just generated them $960,000 of profit across a 12 month span if you bring them 2 deals a month (2 deals a month x 12 months x $40,000 of profit per flip for them). Make sense? This is why we like to be professional wholesalers & work with professional cash buyers. There are a lot of amateur wholesalers and fix & flippers out there that can't look past one deal. We've always had a longer time horizon and work with those who have a long time horizon, as well. If you want to see what this looks like in practice & see more case studies, then you can check out my free training here: realestateskills.com/training?el=htfhsbs Happy Wholesaling! 🏠

Yep, that's exactly what we do! Great thinking. Additionally, if this is a new cash buyer that we don't have a strong relationship with then we'll also agree to a non-refundable deposit at assignment that covers the EMD amount.

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Go here to get the Wholesaling Guide: www.realestateskills.com/howtowholesale?el=iwrel Hope you enjoyed the video! Please shoot us a subscribe if you found value from the video & the guide! Happy Wholesaling!

@yahawashiyahawadah2701 Somewhere between $0 - EMD (Earnest Money Deposit) will get you started. Know that the EMD, if done right, will be paid by your cash buyer before you have to put it down. If you end up having to cover it temporarily your end buyer will reimburse you for it on the closing.

@Kevin-t2s Hey there! Can you please clarify your question? If you're asking how to find cash buyers we actually have 2 methods we made videos on! Here is a link to the first video: ruclips.net/video/YzWGQJPKv6c/видео.html Here is a link to the 2nd video: ruclips.net/video/Q7maiAaxDRQ/видео.html Both of those methods work great for getting you in contact with quality cash buyers!

@doodelay Thank you and we appreciate the sub! 🚀

@kenwilliamson2948 Thank you! Glad to see you liked the video. 🙂 Make sure you sub so you don't miss out on future videos just like this!

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@Usernameinvalid9888 We don't currently have a local meetup or an in person group. However, we do have a great online community within our program where you can be apart of bi-weekly coaching calls and our Skool community to get all of your wholesaling questions answered! 🚀 If you're interested in getting ahold of our team directly, here is a link so you can speak with us directly and get your questions answered: www.realestateskills.com/apply?el=htwafhw0app We look forward to hearing from you soon! 🙂

Hey @maranuk7271 - thanks for the comment, glad you enjoyed my first house flip! Sure, I’ll explain… First, you need to understand what the Maximum Allowable Offer (MAO) is. The MAO Formula is a “quick rule” to hastily come to an offer price that should be profitable as a fix & flip deal. In essence, most beginners use the MAO Formula Rule of ARV x 70% MINUS Repairs. It’s important to understand that the 70% of the ARV is supposed to create a discount that accounts for holding costs, fees of borrowing money, closing costs, realtor fees, utilities, etc., - essentially it’s supposed to create “space” in the deal to leave a hefty profit. Once you use, 70% x ARV, then subtract the repair costs to come up with your MAO amount.

The issue with the MAO formula is that most people who want to get started fixing & flipping hear about it, and believe that this is the only way to do a profitable deal. Which is absolutely not the case. For example, in many cases 81% of the ARV can still be profitable, so can 75%, so can 79%, so can 83%, 85%, etc., “70%” is just a percentage that is commonly heard and used amongst beginners. So, the reason I was able to offer over the MAO Formula of: ARV x 70% MINUS Repairs, is simply because I actually know all of the true costs that go into a fix & flip deal. 

Because we do not use the MAO Formula, we are not grossly over-estimating the expenses in a fix & flip deal. An overestimation of expenses is typically what happens when using the MAO Formula. 

So, the reason we’re able to profit is because the deal was actually profitable at $390,000. Instead of using “estimations” or “rules of thumb” we use the actual REAL numbers to determine the expenses. 

 Think of it as THEORY vs. REALITY (or FACT). 

The MAO Formula is great in THEORY, but I will be able to beat out anyone who uses it (and have been for 12+ years). The REALITY is that I know the actual costs that go into a deal, which allows me to offer much higher than those who use the 70% MAO Formula. The 70% MAO Formula is an amateur move. While professionals in this game actually know the REAL numbers. Make sense?
 Hope this helps and provides some context! Please shoot us a Subscribe when you get the chance if you enjoyed the video. We’ll be coming out with more! Happy Flipping!

Hey Jason - Is this in the context that you want to fix & flip a house by yourself, but use the same llc that you're already wholesaling under with a friend? If that's the case, then there can be a lot of downsides. If your wholesaler friend is not a part of this fix & flip deal, then by flipping the house under that LLC can make him a part of it. If there isn't a clear written agreement between you two on how the fix & flip deal profits or losses are to be accounted for, then it can lead to a messy situation. He may feel entitled to certain profits because of the way the operating agreement for the LLC is set up. If I was taking on a flip myself I would want it to be in the the LLC that I have sole ownership of. You can always quickly create an LLC for ~$200, as well, so that you don't have to use an existing LLC you don't want to use! Hope this provides some direction. Feel free to provide more clarity. Hope you enjoyed the video! If you haven't yet, be sure to SUBSCRIBE! We'll be coming out with more great content all about wholesaling, fixing & flipping, and buying rental properties! :)

@MrIsrael_ One of the best things you can do is have 2-3 good contractors run through your scope of work and break down pricing for you. This will give you a good idea as to what your local market pricing is. You can also ask your cash buyer what they are currently paying per sqft on a renovation.

@@RealEstateSkills Okay got it thanks

@MrIsrael_ You would just say that the property didn't meat your teams criteria at that price and you can add a counter offer and explain why you would need the property at a lower price or you can simply walk away from the deal as long as that is stated in your contract.

@@RealEstateSkills Understood thank you

@ll-qq9qr We would always recommend talking with a tax professional in your area first. Depending on how long you've owned the property, you could avoid capital gains. I would read up on topic no. 701 on the IRS website for selling your home, because if your home was your primary residence for over 2 years you could be eligible for the first 250k if single or 500k if married tax free. Cheers! 🏠

@christinanomah8754 We're glad you liked the video! Make sure to sub so you don't miss out of future videos just like this. 🚀

@tonycoss Thank you for the comment! Make sure to sub so you don't miss out on future nuggets just like this! 🙂

@Ndawgiii Couldn't agree more! 💪

@Insomnia_Is_Histo-Rai That depends on each deal and what your cash buyers buying criteria is. Your wholesale fee is the difference of what you can negotiate the property for while keeping it within your investors buy box. You want to make sure it is a win-win not just a win for you. Cheers! 🏠

@LubaSantelo That is a wonderful goal and thank you for the kind words!

@MrIsrael_ You're very welcome! 😊

@doodelay You will be calling agents to make discovery calls about the property to see if it's worth submitting an offer on and if they're willing to work with you.

@vanessadarrough5000 That's okay and completely normal fear. It's actually good you're looking to find your buyers first! This is essential to being a successful wholesaler. You want to get to know your cash buyers specific buying criteria. That way you're bringing them deals with confidence that you know they actually want! Now that you know this method it is also very important what you say to these potential financial partners. We made a video that gives you a free script you can download and have handy next time you're reaching out to buyers. Here is a link to that video: ruclips.net/video/yPDBNoKgIUo/видео.html You got this! 💪

@Lorann-z5v Something else you can try is looking at current listings of new rehabbed homes, and reach out to the agent like Ryan did in our other video. Here is a link to that video: ruclips.net/video/EO7fcIH_bWs/видео.html On this call, Ryan was able to get a potential cash buyer by going through the agent listing the property.

@Usernameinvalid9888 Hey there! That's great to hear you're taking action and putting in offers. We would love to hear more about where your deals are going wrong to see if we can help you. We have an exclusive and active community that can help you get you dial in your offers to increase the odds of them getting accepted! Understand also that this is a numbers game and we've found that it often takes somewhere between 10-15 offers on average to get a deal closed. We're always helping our students refine their deals to make sure their numbers make sense for the investor as well as them!🚀 You can book a call and speak directly with our team here: realestateskills.com/apply?el=ytotalkapp We look forward to hearing from you soon! 🙂

@sweetsauce I'm glad you liked the script! Make sure you sub for future real estate investing knowledge like this. 🚀

@MrIsrael_ Not at all! Savvy investors understand what you're doing and also account for it. As long as the deal makes them money and fits their buying criteria, it shouldn't matter what your wholesale fee is.

@Hype4Christ Do you mind expanding on your question? Private Money comes into play as you build relationships with investors and have a track record that you can close deals.

@philw9787 As a wholesaler, it is our job to understand what our cash buyers specific buying criteria is and then bring them the deals that work for both of you. If they reject your offer, that is an opportunity to understand why they did so you can learn how they run their numbers.

@selenajackson1126 Cannot agree more! This is why we teach wholesaling the way we do so people are professionals and are taken seriously. Cheers and always good to see you again in the comments!

@@RealEstateSkills you’re definitely providing good information and it’s confirmation for me that I’m definitely on the right track. It’s been a hard journey for the first year and now I’m reaping my rewards for putting in the work

Were glad you're enjoying the content we put out still. It's nice to hear you're taking action on what you've learned here. 🚀 We're proud of you and keep up the hard work! 🙂

@user-cy6vw7yd3i That's wonderful to hear you're interested in becoming a real estate investor! One of the best things you can do to get started is to book a call with our team. On that call we can get a better understanding of what your specific goals are and together we can come up with a strategy to get you started! 🚀 Here is the link to book a call with us: www.realestateskills.com/apply?el=whymsapp We look forward to hearing from you soon! 🙂

@JonathanRoyer The seller pays the commission although there was a recent change that the seller will only be responsible for the listing agent's commission moving forward. The buyers agent your cash buyer will likely have to cover now so there is new space for negotiation here.

@@RealEstateSkills and how would one go about including the commission into the price you would give to the buyer?

@JonathanRoyer The most important thing is that you bring deals that match your cash buyers buying criteria. They understand what their closing costs are. Know that everything is a negotiation so if there is push back because of paying the agent commission you can always negotiate.

@robinquirk7201 Yes we do! We have a program that includes bi-weekly coaching and a community that you can ask any questions you have and get them answered quickly. The best thing you can do is book a call with our team so we can better understand your real estate investing goals so together we can help you come up with the best strategy to get started. 🚀 Here is a link to book a call with our team: www.realestateskills.com/apply?el=21dapp We look forward to hearing from you soon! 🙂

I’m new to this wholesaling buisness. I had a quick question. How do you find buyers?

@robinquirk7201 That's awesome! What did you do to find these properties?

@kingalex7941 Great question! We actually made a video on how to find cash buyers for free! Here is a link to that video: ruclips.net/video/YzWGQJPKv6c/видео.html In that video we will show you exactly how to find cash buyers in your local market. 🙂 Enjoy!

@sethmontgomery6686 Thank you for the comment and I hope you feel ready to get that first wholesale deal! Thank you for the sub my friend! 💙

@SGBIV92 He is saying he wants a 17% margin after repair and closing costs so expenses cannot exceed 83%.

@@RealEstateSkills Oh ok I think I get it. So does that basically mean every deal you get, you have to get it at no more than 65% of ARV - Repairs correct?

It basically means: ARV * 83% - Repairs The 70% Rule goes out the window with better buyers. The 70% rule is a rule of thumb usually used by more inexperienced cash buyers & wholesalers.

@@RealEstateSkills gotcha, that makes perfect sense. Thanks for breaking this down I really appreciate it!

Happy to help!

@@RealEstateSkills Do you guys do JV's by any chance with your subscribers?

@andysear We don't feel like buyers like this are rabbits in a hat. The percent an investor is willing to buy a property at is market dependent as well as how their company is built. For instance, if they have brokers in house they can usually save on those commissions allowing them to be more aggressive with their buying criteria. The more experience you gain the better you will get and finding buyers just like this. 🚀 Thank you for the kind wishes and we hope you the best of luck in your investments as well my friend! 🙂

​​@@RealEstateSkillsit seems the beat way to lock up potential deal is to use the 80% rule, then let the buyer determine of that fits their buy criteria

@eallen5562 The best thing you can do is know your cash buyers buying criteria in advance and bring them deals that match it. Know that more aggressive buyers will go above the 70% rule.

We're glad you liked the call, @philw9787! Make sure to sub so you don't miss future calls just like this. 🙂