Question: Do you have the handy list of cash buyers ‘on tap’ that your real estate wholesaling operation needs?
I mean an in-house group of fellow-real estate investors (rehabbers, landlords, house hustlers, etc.) with liquid capital on-hand, just waiting to hear from you about the next property you’re willing to wholesale?
If not, then today’s your day. Time to level-up your wholesaling houses game.
Well, obviously if you’re actively selling any kind of real estate, then you need buyers. (Duh.)
And for wholesalers, it’s preferably experienced, serial buyers with their own source of money on hand, right?
And so, you can either:
Hint: Savvy wholesalers prefer option “B”
Is wholesaling real estate illegal in Illinois now? Hmmmm…
Ever thought that doing a real estate deal—simply flipping a property—could ever be labeled a criminal activity?
“What?! What kind of melodramatic hooey is this? Balderdash! Fairy tales! Things that go ‘bump’ in the night!”
Or, is it?
Illinois recently passed a crazy, new law that has real estate investors nationwide in a frenzy trying to understand it. Tucked into this new, state law are some pesky, legal constraints for unlicensed people who routinely wholesale properties (buy and sell houses for quick cash) without a real estate license.
Essentially, it seems the clear aim is to bring this sordid activity squarely under the “only by licensed real estate agents” umbrella, and no longer the questionable domain of seedy real estate investors who nefariously aim to profit from a real estate transaction—for shame!
FOR IMMEDIATE RELEASE:
December 2018 (eRelease) – AwesomeREI.com is very excited to announce the release of an innovative, new real estate investor training program called The Lifestyle Investor.
This leading-edge training was developed in partnership with 10-year Florida real estate investor Justin Wilmot and serves as a step-by-step “field guide” revealing exactly how he created and runs a sustainable, highly-profitable business flipping properties (both wholesaling strategies and “cherry picking” fix-and-flips) in a way that completely supports and serves the surfer lifestyle he richly enjoys living. Keep reading, you’re doing awesome…
Among real estate investors today (especially the newer wholesalers among us) it’s increasingly popular to talk about “co-wholesaling” houses, and how it’s maybe the greatest thing since those little Delta Airlines Biscoff cookies.
Well honestly – and this may be surprising to some who know me – I’m not the biggest fan of the way I see many real estate investors doing co-wholesaling today.
I mean I get it, I really do. As discussed in my last blog post Wholesaling Explained: How to Flip Houses for Quick Cash, there’s just no easier or cheaper way to break in and start generating chunks of cash in real estate than wholesaling… and add to that the idea of getting paid for bringing only half the deal to the table, and “co-wholesaling” seems even sexier. Keep reading, you’re doing awesome…
Hey, JP here…
My honest answer to a pretty common wholesaling question recently seems to be throwing some people off-kilter. I guess it sounds somewhat controversial to some?
I dunno, you tell me. Here’s the question, which came from Kenneth:
“Help! I came across a property I think is a good deal and put the deal to a couple investors. One replied for the address. I don’t have it under contract. Will the investor be able to cut me out? The asking price includes my profit. Any help would be appreciated. This would by first deal.”
Another juicy (larger) question came up in our answer to Kenneth—which led to my honest answer that some are finding surprising:
Can you try to wholesale a property even before you have a contract on it?
My answer: Yes…kind of. Keep reading, you’re doing awesome…
Today I want to share yet another fun episode in my little Survivor Success Stories reality show I’ve got going. If you’re playing along at home, we’ve covered some pretty awesome ground just recently, like:
Today’s is another from the Tenacious D(dealmaker) himself, Cy—a fun, little video he made right from his car driving away from the title company with another solid $15K payday in hand.
OK, so $15,009.50 to be exact. 🙂 Keep reading, you’re doing awesome…
Today, I have a really interesting deal story to share with you. And by interesting, I mean crazy!
What you’re about to hear comes right from the mouth of a guy named Cy, who I’ve been coaching for a while, sharing his real-life, first deal story. And boy, was it a doozy.
After recently sharing 25-yr old Dan’s first deal story, and Alain’s story where he pocketed $101.80 per minute on his first deal, I figured we should also maybe see the other side of the wholesaling houses coin: When a deal goes crazy sideways… and you still make great money on the other side of it.
Cy’s deal had as many twists and turns as a crossword puzzle, but with some moxie and raw tenacity, we made it all work out awesomely together. With quite a few years (and hundreds of deals now) notched on my belt, many would call me fairly skilled in the wholesaling houses game—especially 10 Hour Wholesaling. But this deal definitely threw me and Cy a few interesting curve balls. Keep reading, you’re doing awesome…
Hello boys and girls, got another thrilling win to share with you. Today’s hang-ten high-five goes out to Alain—yet another dude I have the privilege of walking beside as he builds a business. Alain just crossed that huge “first deal milestone” for a tasty $9,162 payday.
BOOM! (all caps this time)
Hey guys, Justin Wilmot here!
I just wrapped up a killer phone call with someone that’s got me freaking stoked, and I really want to share it with you, right now while it’s fresh. It’s from a weekly Mentoring session where my boy Dan Kurdyla (only 25-yrs young) reported how, after nearly throwing in the towel so many times, he finally landed his first wholesale assignment deal to the tune of a solid $7,500 payday.
Nicely done, Dan! 🙂
Interestingly, Dan’s big win here is really more than just about the money (though it’s sure nice!) but also the priceless lessons crossing that first deal finish line has taught him.
These are some hard-earned lessons you will never unlearn and always benefit from, Dan. Lessons that sure as heck took me a lot longer to learn myself back when I was ‘failing-forward’ with my own budding 10 Hour Wholesaler operation back in the day.
Rather than me say it, let’s hear it right from the horse’s mouth. (ha, no offense brother!) I don’t normally do this, but here’s a tiny clip from our recent 90-min group Mentoring call where Dan spills the beans from his own lips…
(fyi, scroll down for the video, the above is a GIF image 🙂 )
One thing we hear a lot is…
“Show me some proof!”
And I totally get it, I really do.
Everyone seems to be a cool ‘real estate guru’ nowadays, don’t they? With “Flip” shows more popular than ever, and fakes and frauds a dime a dozen, how can you really know the true PROS from the seedy CONS without seeing some legit proof-of-concept from other people first?
After reading the write-up on How I Wholesale Houses Anytime, Anywhere – Working Just 10 Hours a Week, some folks understandably ask how in the world “10 Hour Wholesaling” honestly calls for: Keep reading, you’re doing awesome…
Hang onto your hat, because you’re about to get an inside look at how I’m able to own and run a very successful and profitable wholesaling business…with only around 10 or so hours of my time involved each week.
Yes, totally serious and totally honest.
And because of this, I get to actually enjoy my life, spend heaps of time with my family, travel frequently to amazing places and even surf to my heart’s content (I love surfing!).
But hey, if you’re already thinking, ‘Yeah right, sure, sounds too good to be true…’ let me just say that I get that. I hear ya…
I mean, even I struggled with believing anything like this was actually achievable – having an ultra successful investing business without investing an ultra amount of time. I remember so well how my first months in all this were full of doubts, frustrations and limiting (but normal) beliefs too—at first.
But thankfully, not only did I not let myself give up, but all these things actually ended up helping me discover a new and better approach to wholesaling houses—one that most investors I’ve met aren’t really dialed into yet. And, it turns out, it’s a much easier path actually—one that still makes me piles of money but with a fraction of the time and effort others have to put in.
In just a sec, I’m about to lay out for you my exact 3-step process for exactly why and how I’m able to enjoy a solid full-time income wholesaling houses for quick cash, with only a part time effort.
I really think it’ll help you understand even better if I kick this off with a quick snapshot of ‘my origin story’ in real estate, so you can understand how I’m not really all that special (don’t tell my wife though) and how I got to where I am today.
Then, we’ll dig into:
⇢ How wholesaling houses goes for most people
⇢ What I think is wrong with it (at least for people like me)
⇢ How I see people typically screwing it up
⇢ My exact 3-step process
And really a whole lot more. But fair warning:
Did you know that lead generation is the most important aspect of real estate investing? It’s your lifeblood. Believe it.
Did you also know that in order to have consistent, killer lead gen, you have to systematize your business?
And having a rockin’ systematized real estate investing business is how you’ll be able to scale up and grow your biz, right?
Are you wondering how the heck you do all of that?
Well, fear not, friends – my good buddy and fellow genius investor, Rob Swanson, is here to show you how to take the painful hustle out of investing by systematizing the most critical piece of your business – lead generation.
Taxes. IRS. Audits…
Does the very sight of these words give you the creeps?
Trusts. Entities. S-Corps…
Are you breaking out into a cold sweat right now?
I get it. Details about taxes and entities can be confusing, complex, overwhelming and downright scary. Well, good thing we’re here to swoop in and make some sense of all of this in easy-to-understand, digestible info.
And by ‘we,’ I mean attorney, accountant and strategist John Hyre.
John is the guy with all the answers, friends… and, he should know it all, with 19 years of experience as a tax attorney and accountant, plus 14 years as a real estate investor. BAM! Expert in the house.
Hey, so if you have a finger (or two) in the proverbial pie of wholesaling houses for quick cash, then you’ll really enjoy and appreciate this.
Here’s the deal in a nutshell:
Just by being ‘out there’ in the arena, we tend to get a wide and steady stream of awesome questions coming our way all the time. And as you might imagine, these questions can run the gamut of just about every facet of real estate investing you can think of.
But it’s probably no big surprise to hear that, hands down, we get more questions about wholesaling houses than anything else – by a wide margin actually.
And sure, we do our best to help out by answering as many questions at we can. But at the end of the day there’s only so many hours and only so much we can do fielding questions one-to-one.
Which is precisely why we were struck recently with the idea of hosting a live, ‘anything-goes’ webcast for some frank back-and-forth on the topic, and invited as many people as possible along for the ride. Keep reading, you’re doing awesome…
Man, you guys sure love to swipe our stuff!
I mean, based on the gratitude galore we got from sharing one of our favorite motivated seller postcards recently, it seems pretty clear that the old “Swipe and Deploy” is something we should keep rolling with.
So let’s do another one…
Today’s handy-dandy resource is one of the core essentials every investor should have in your tool-belt–the Option to Purchase Agreement, or “option contract” as it’s often called.
But I gots to tell ya — just having this form in your bag of tricks isn’t enough… You’ve got to understand it’s purpose and how to effectively wield it. Which is exactly why I made you this little video about it. Keep reading, you’re doing awesome…
Q.What could possibly beat the exhilaration of flipping that sweet wholesale deal of yours for a tidy payday with only, say, an hour or two of your actual time involved?
A.The euphoria of doing so within mere hours of putting it under contract.
Sound far-fetched? Too good to be true?