These 20 video will answer the top 20 FAQ’S that surround the subject of real estate wholesaling. Watch this introduction video to get all 20 videos!
Visit: www.FAQMentor.com for 20 Free FAQ’S about real estate wholesaling.
September 9, 2009
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May 15, 2009
How Do I Build a Real Estate Wholesale Buyers List?
How to build a Real Estate Wholesale buyers list.
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November 17, 2008
Why Real Estate Wholesaling?
Why Real Estate Wholesaling?
Why real estate wholesaling as the vehicle of choice to make quick cash in real estate? There are so many reasons to consider “wholesaling” as the absolute best way for a new investors to make an absolute fortune in real estate!
The most compelling reasons are:
1.) Zero risk
2.) The investor needs no money
3.) There are no rehabs or repairs or contractor nightmares to deal with
4.) No tenants to destroy your property and your sanity
5.) No ownership of any real estate (no taxes, no utility bills, no maintenance bill, etc)
6.) You do not need good credit
7.) You don’t even need a job
8.) And there are several more………..but you get the picture!
My names Eddie Case started wholesaling houses in 2001, and have to date, wholesaled over 450 houses all within a 20 mile radius of my home. I consider myself an expert on the subject. I absolutely love this business and can not see myself ever wanting to do anything else for a living ever again!
Here’s a quick overview of the wholesale system:
1.) Find a motivated seller who will sell at a deep discount
2.) Put his house under an assignable sales contract between the two of you
3.) Find a motivated Investor/buyer who wants to buy the motivated sellers house
4.) Assign your sale contract between you and the original motivated seller to your
new motivated investor/buyer for a fee (assignment fee).
5.) Go to closing and collect you fee (assignment fee)
6.) Repeat often!
visit: www.FAQMentor.com to “Learn How To Wholesale Houses” For BIG CASH starting Today!
That’s it! This over-simplistic, but actual chain of events, can easily be learned by anyone! I could have completed the deal above with no money, no credit, without even a job! The deal had no risk to talk about! I never took ownership of the house, interest passed right from the original owner directly to my investor/buyer and right around me!
If the house needed repairs, then guess what, my investor/buyer is going to be the one to do the repairs, NOT ME! If the house is going to be rented out to tenants, that burden is also the new owners baggage and not mine!
What I probably like the best is the fact that I needed none of my own money to structure this deal! Now, you might need a small deposit to hold the house when you write the sales contract with the motivated seller. I usually give a $ 100.00 or less deposit (earnest money deposit) to make the sales contract legally binding, and that’s it! That’s all the money that I will ever need to put this deal together! I have on many occasions put just $ 1.00 down to secure sales contract! Motivated sellers are not looking for large deposits!
These are not conventional deals, where we are the end users of the real estate that we are putting under contract. We are not going to the bank and trying to secure a mortgage on these houses. So, we will never need the traditional 10-20% down deposits that conventional buyers need to put down! The guy that’s doing that in this example deal is our investor/buyer! Is this starting to make sense?
Look, I have done this over 450 times in 7 years! I have an exact science that I adhere too! I have built a “Flipping/wholesaling machine” that just keeps pumping out deal after deal for me. My wholesale company is a staple fixture in my hometown of Harrisburg Pennsylvania. I have never gone more that 25 miles in any direction from the city of Harrisburg, to do these 450 deals!
How much do these assignment fees pay? Well, I average $ 7,500.00 per deal! Now lets put this dollar amount into perspective.
1 deal per month @ $7,500.00 = 12 deals per year = $ 90,000.00 per year
2 deals per month @ 7,500.00 = 24 deals per year = $ 180,000.00 per year
3 deals per month @ 7,500.00 = 36 deals per year = $ 270,000.00 per year
4 deals per month @ 7,500.00 = 48 deals per year = $ 360,000.00 per year
A professional wholesaler can easily do 50 to 75 a year. A part time wholesaler can easily do 6 deals a year with no trouble (1 deal every 2 months!) that’s still an extra $ 45,000.00 per year! What would that do for the average American’s lifestyle every year?!
I know of no other business that has Zero RISK involved in the learning curve period, that has the capability of throwing-off this kind income! It’s INCREDIBLE!
Over the last 16 months I have put together an educational, instructional ebook titled “Wholesale Smarts” and released it to the public via the internet. The ebook breaks-down my entire “wholesaling machine” in explicit, painstaking detail. This wholesaling instructional manual shows the reader step-by-step exactly how I wholesaled over 450 houses in 7 years in the Harrisburg, PA market. This book has no fluff what-so-ever.
My goal was to write the most comprehensive, most detailed, informational product ever put together on JUST the subject of wholesaling houses, PERIOD! The end product is truly a “blueprint” that when followed exactly, will enable the reader to build his own real estate wholesale company, just like mine!
I finished high school with a “C” average and never got a college degree. So I’m just your average guy, with an average intelligence. If I can do this, I’m betting you can too! Some days I still can’t believe the profitability level of this business! I personally know several other wholesalers in my market making in excess of $ 500,000.00 dollars per year wholesaling houses full-time! That’s more that most surgeons and the President of the United States make! Incredible isn’t it!
Who should wholesale houses for a living? Well, ask yourself the following questions and see how you fair:
* Am I the type of individual who likes to carve my own paths in life?
* Am I leader, and not a follower?
* Am I the type of person who likes a personal challenge?
* Do I usually finish whatever I start, or do I give up when I hit the first road block?
* Do you envision yourself having and doing the finer things that life has to offer?
* Do you want to retire earlier than your headed?
* Do you want more time to enjoy family, friends, and life?
If you answered yes to the majority of these questions you are a solid candidate for the real estate wholesaling business model! If this is the first time that you have ever heard of “wholesaling real estate” , then you owe it to yourself to get more information about how you can start using this investing system to change your financial forecast immediately!
Real Estate wholesaling, real estate wholesaling, real estate wholesaling, say it over and over until it’s burned into your subconscious mind! It’s the absolute lowest risk, fastest paying style of real estate investing that any new investor could ask for!
V!isit: www.FAQMentor.com for 20 FREE FAQ’S Videos about real estate wholesaling!
Happy Wholesaling
Eddie
November 17, 2008
Wholesaling a means to an end!
A self employed high-end remodeling contractor for over 15 years I had become a service puppet for wealthy home owners. Yeah sure I owned my business, but I was slave to it 80 plus hours a week! I now OWNED a job! The very thing I have always feared had once again come to pass, I was strapped with commitments and “I have to do’s! Life was sucking me dry once again!
I had busted my rear-end for 15 of my prime adult years building a profitable business that was supposed to get me “out of the “rat race”. Instead I had built a prison and then had locked myself in the damn thing. My business model was fatefully flawed, I was trapped in it, and there was apparently no way out! I had not built it with the “exit strategy” to one day sell the company. The company was 1000% dependant upon me being there to run daily operations, and to kiss customer asses, I should have bought stock in Suzie Chapstick!
There had to be a better way! What was I missing here? I always believed that working really really hard and owning you’re own business was the answer to a blissful existence.
I was 39 years old, I lived in a $ 750,000.00 house, had a Porsche Turbo and a BMW M5 parked in my garage, vacationed several time a year in the Caribbean, the Pacific, Mexico, etc. and I was miserable!
Ah-Ha! Maybe, JUST MAYBE, owning a lot of “stuff” was not the answer to a full and meaningful life? Hmmmmmm? Could this be true? Apparently so, I dreaded getting out of bed in the morning.
Having a lot of material things houses, cars, money, etc. is not the answer to happiness, at least not for me. For me, NOT having to be told what to do by ANYONE is the starting point. Doing what I want, when I want to do it and how I want to do it, is the golden ticket! I discovered that freedom of expression and control of my own time is where its at! Making money, becoming wealthy on my own terms with NO interference from ANY outside sources (like customers in the construction service business) is the most fulfilling existence that one can hope for.
It is true that we DO need customers to be actually buying something from us, in order to make the money, the money we ultimately need in order to escape the “rat race”. But, that does not mean that you and I have to deal with them! Customer care, customer service (if your business requires it) can all be outsourced to others, and THAT’S THE SECRET TO the age old problem that most business owners face, which is, “how do I get more time for me?”
Ever heard the old “less is more” analogy? Well this is the best example I can think of! “The less I work, the more I make”, I had heard this and read this numerous times in my life, and it never registered with me until I realized that my business was sucking my time dry!
There had to be a better way. I was suddenly “aware” that I was imprisoned by the very thing I had always believed would FREE me, namely, owning my own business! BIG DEAL, I now owned a JOB!
Then,I caught a late night infomercial, it was Carleton H. Sheets! Mr. Sheets told me what I had been waiting to hear, that I could quit my job ( my business in my case ), and live financially FREE, on my own terms, on my time! This was the first time that I had seriously considered using real estate as the vehicle of choice to get me out of the “rat race”.
Since that pivotal day way back in “2001″, I have traveled up and down many investment paths, the same paths all serious real estate investors will travel. I was in search of the best techniques and systems to implement, in order to succeed as a full-time investor.
Some of these paths were absolute dead-end, others were 10,000 foot cliffs that I plunged off, and still others were just detours that took me on wild goose chases making believe at times that I was mildly retarded.
All along still working my 80 hour weeks at the old ball-and-chain, I was gobbling-up so-called “guru’s” real estate investing courses that I found on the internet. Like a rat hitting the pellet feeder bar, I was pressing the “Buy it Now” button on the computer screen at a furious pace. I was in mad pursuit of the “magic pill” I could pop that would change my life!
Guru after guru I searched, I read, I watched, I listened. All of the guru’s had their own version of the “magic pill” that would make me rich beyond my wildest dreams. Each had the path I needed to take to get me where I needed to go. Each had the best system I needed to follow. Each told me that the other guru’s courses and programs were bullshit and gave me a thousand reasons why! My god! Will somebody PLEASE show me the way to REALLY make money in real estate!
Confused from a bad case of “information overload”, tired of dead-end techniques and bogus get-rich-quick systems that left me feeling empty and scammed, ready to just quit trying to figure it all out, It happened! I met the “one” who would ultimately prove to be the catalyst, the real turning point for me and my real estate investing future!
My GOD! It’s my 23 year old nephew! He’s still a baby I thought! I remember bouncing this man on my knee for god sake. Could he really be the one to show me the way? I remember the phone call that I had with my nephew one night in “2000″. What he said to me during that call set the stage for the systems of real estate investing that I use today! The systems that had everything that I had been looking to find for a very long time!
He said “Uncle Ed I have this incredible system of investing that I have been implementing for several months now. It’s insane just how profitable it is! Look I can’t get into all of the logistics with you over phone now because it would take me to long to explain. But I will tell you this, I am going to go and close a deal tomorrow that will make me over $ 15,000.00 and here’s the insane part, I am never even going to own the damn thing! I’ve done about 6 or so other deals just like it and have banked-up about $ 90,000.00 over the last 6 months!” Then he said: ” Come over to house tomorrow and I will explain EVERYTHING to you in complete detail!”
I met with my nephew the very next day. He held true on his promise and showed me everything that he was doing to put these deals together. I was floored when he revealed his technique. It was so simple, and brilliant, and virtually unheard of at the time.
As the story goes, we formed a partnership he and I and we proceeded to wholesale (some call this flipping) over 150 houses over the next 18 months! We were the “Flipping Dynamic Duo” of Harrisburg Pa!
Long story short I eased back on the construction company by hiring a few job supervisors to run the daily construction projects in my absence. In time I also stopped selling and estimating jobs and outsourced these tasks as well. I eventually shut-down the construction business all together to concentrate real estate wholesaling “full time”.
In 2004 my nephew and I parted ways. each of us starting our own wholesaling businesses. My nephew is still as of this writing, running one of the most successful wholesaling companies in the country, and is making an absolute fortune, working when he wants, where he wants, and apparently making as much as he wants, he just bought a nice Rolls-Royce to park in his garage beside his twin Mercedes-Benzes:) Way to go Nef!
Today my wholesaling company does on average 50-75 deals a year, depending on how much time I want to invest! I work when I want to work, as long as want to work, because that’s what the wholesale business model has been designed to do for me! I average $ 7,500.00 a deal and some months the business does upwards of 6 deals.
My entire wholesaling business model, all systems and techniques are explained in complete detail in one of my e-books “Wholesale Smarts” . This book was written for brand new investors with ZERO experience, but experienced wholesalers can benefit from this e-book as well!
So, as the title of this article implies, wholesaling truly was for me, a means to an end! The end of the “rat race”! I could never imagine myself ever wanting to do anything else. Wholesaling is the “Holy grail” of all real estate investing techniques when it come to one’s time management and FREEDOM. I guess I should mention, wholesaling is hands-down the FASTEST way to make CASH in real estate and, is also the most RISK-FREE way to invest in real estate EVER!
Also, you can visit: http://FAQMentor.comto “Learn How To Wholesale Houses” For BIG CASH starting Today!
Life’s Flipping Great!
Eddie Case
November 17, 2008
Bandit Sign Hanging Tools and Tips
I have been wholesaling houses like a madman since 2001. And over the years I have put up more bandit signs than I can remember. These days though, I have stream-lined the process and have made it a lot more enjoyable.
I remember all of the bandit sign “midnight runs” that I was a part of early in my career. We would schedule our “assaults” on the local utility poles for late-late evening campaigns. We found that we got less resistance from the general public after the streets have emptied out for the day! Every town has it’s share of Bandit signs haters, so doing it after sun went down late at night eliminated most of the “What the @#%! do you think your doing” screams!
Well I still put up several hundred signs every few months, only I now pay and train others to do it for me! We have also found that if we place our signs very high up the utility poles the “hang-time-rate” increases tremendously. In addition to the regular bandit sign haters, we have a lot of jealous competitors that know of our success as the areas number 1 wholesalers in central PA, and will tear our signs down out of dirty rotten spite! Those bastards!
I designed an inexpensive “Bandit Sign Kit” that helps us get our signs up off of the ground about 12-14 feet off the ground. By using the kit we have eliminated the need to bring a ladder along for the ride! The haters of my signs now have to bring a ladder to tear my signs down, so as a result more of my signs stay-up for longer periods of time! End result, we buy more houses from motivated sellers!
I have put together a short video that shows you how to make the Bandit Sign Kit so you can get your signs high off the ground, and increase the time they stay visible in your territory! Enjoy!
Also, you can visit: www.FAQMentor.com
to “Learn How To Wholesale Houses” For BIG CASH starting Today!
Eddie
