Beware: Real Estate Newbies Are Paying Too Much for Houses

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When the market gets hot, real estate newbies pay too much for houses! MAO Have you ever heard the term MAO? Its pronounced “mayo,” and it's actually an acronym for “Maximum Allowable Offer”. This is the LARGEST amount of cash that you can offer to your seller and still [...]

What If the Seller Wants an Earnest Money Deposit? (and You Don’t Have it)

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If you’re dealing withe the right sellers, then  they’re not going to ask for an earnest money deposit in most cases. By the “right” sellers, I’m talking about MOTIVATED sellers, the ones that NEED to sell their house. The instances where I’ve seen sellers ask for earnest money is [...]

Newbie Mistake: Trying To Make a Deal out of Nothing

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You've done tons of research and finally learned how to start investing in real estate. You've just mailed out 500 yellow letters or postcards to absentee owners. Side note - I certainly don’t like that list, but I know a lot of you mail to them, so I had to use [...]

4 Sure Fire Ways to Spot a True Cash Buyer

By |Categories: Real Estate Wholesaling Fundmentals|

There’s alot of Buyer Look-Alikes out there these days.  If you’re new to the wholesaling business, then these artificial buyers could potentially trick you into locking up your deal without ever having the intent of closing. Or even worse, they could WASTE YOUR TIME!!  ERGHHHH that makes me so mad. [...]

How Much Earnest Money is Required? | Answer: None

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In the state of Florida, and I'm pretty sure that in MOST states across the U.S., there's no Earnest Money required to make a real estate contract legal or enforceable. As a real estate licensee, we're required to attend a pre-licensing training class, which is 45 hours long.  We're issues [...]

Do Your Due Diligence People

By |Categories: Real Estate Wholesaling Fundmentals|

We have a little more knowledge about the real estate closing process than the average seller. If you don't communicate and explain to them how it's all gonna go down, you may find yourself with a little challenge at closing (sellers don't like surprises). NEVER ASSUME that the seller agrees [...]

Be Strong When You’re Weak (Negotiating)

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It's really easy to get over zealous when you're negotiating with a seller, thinking that you might be locking down your next deal.  Don't let this happen to you!  It's very important to stay calm, and be STRONG, even when you're weak. Listen to this important message from [...]

We’re All In BIGGGG Trouble

By |Categories: Real Estate Wholesaling Fundmentals|

Some things stop me dead in my tracks.  Not many, but some.  THIS is definitely one of those times and I had to stop what I was doing and immediately write this entry to share with all of you. I'm trippin'. I get alot of questions sent to me through [...]

Stop Looking for Investor Friendly Title Companies

By |Categories: Real Estate Wholesaling Fundmentals|

Stop looking for the perfect combination of team players, investor friendly title companies and all of the other things that new investors try to round up before they ever dive into the business. None of those people matter until you've got a deal with a seller! I hope you're not [...]

Why You Shouldn’t Ask Sellers Their Asking Price

By |Categories: Real Estate Wholesaling Fundmentals|

They say that sticks and stone may break your bones but words will never hurt you. They are WRONG this time!! There's something very powerful about a seller telling you what they're asking price is on a house.  It becomes embedded in your mind like a little evil monster, and [...]

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