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www.localmentor.com host Michael Jake shows how a wholesale house flip happens. A walk through of a typical REO, Bank Owned House, Estate House, tired rental property, and how the deal was Found, How it was Funded, and how the profit was made and how much! Learn more Colorado Creative Real Estate Investing Techniques at www.localmentor.com
January 12, 2010 at 7:11 am
Thank you for helping people learn.
January 12, 2010 at 7:23 am
MIchael Jake , Is the Man! Thank You!
January 12, 2010 at 7:27 am
good advise
January 12, 2010 at 7:31 am
Seller’s pay the agent’s commission. So the REO company already has that figured into their price. So if you can somehow circumvent the Realtor the REO company is just keeping that commission. In other words the seller keeps the profit, not you.
January 12, 2010 at 8:02 am
i am an investor….people listen to this guy …one of the few that is offering practical advise.
January 12, 2010 at 8:21 am
Thanks man, your videos really inspired me to invest in real estate rather then the stock market.
I prefer to know where my moneys going.
January 12, 2010 at 9:10 am
So you can wholesale even if there’s an agent/realtor/broker involved? Doesn’t that cut in to your profits? And besides that, doesn’t that complicate negotiations?
January 12, 2010 at 9:30 am
Question for submitter / director:
2:39 … is that a basement?
January 12, 2010 at 10:23 am
Wholesaling definitely keeps your hands clean in this business!
January 12, 2010 at 10:35 am
Wholesaling requires no financing – not for the wholesaler – that’s the whole point – you sign up the deal and sell the deal to another who pays cash or provides financing. You get paid by selling the contract or double closing. You don’t need any money to do wholesaling. If wholesaling REO’s you will need earnest money deposits, but you will want to watch my video on wholesaling REO’s for the techniques.
January 12, 2010 at 10:53 am
Hey MIke. I saw all your other videos, but I do have a question. What type of financing did you use when you first started out wholesaling? (assuming that it wasn’t all cash since you just started out)
January 12, 2010 at 11:53 am
lol ugly is opportunity, i like that
January 12, 2010 at 12:10 pm
I really liked your video and your channel. If you need any help getting this video or channel exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
Nice.
January 12, 2010 at 12:52 pm
hey i like a chance to speak with you. if you could find time to call 732-306-4740
January 12, 2010 at 1:34 pm
Nice Vid. I enjoyed it. We market properties and other things on youtube, we hope to create a large network of people interested in making money. Your video gets a five star rating from us. I hope you feel the same about ours.
January 12, 2010 at 2:12 pm
nice vid
January 12, 2010 at 3:03 pm
Audio is hard to hear, but the video is great – really helps me understand what a fixer upper looks like. Thanks!