Real Estate Wholesaling Fundmentals

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

In the state of Florida there’s no Earnest Money required to make a real estate contract legal or enforceable. The exception to this rule is if you’re entering into an OPTION to Purchase Real Estate in Florida. In that case, a $100 Option Deposit (Consideration) in required to make the option enforceable. As a real …

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cash buyers for real estate

4 Sure Fire Ways to Spot a True Cash Buyer for Real Estate

We all want real cash buyers for real estate. There’s a lot 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 …

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Why You Shouldn’t Ask Sellers Their Asking Price

What is Reasonable to Offer Below Asking Price? That seems like a legitimate question when dealing with sellers, right? 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 motivated seller telling you what they’re asking price is …

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Practicing Real Estate without a License

This Could Land You In Court – or WORSE!

]Dear Newbies, Real Estate Law is a serious matter.  You could be making one very big mistake by advertising other people’s houses without a signed contract (which gives you beneficial interest in the property).  This act would be practicing real estate without a license. Please watch this video and make sure that you’re not making …

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Flipping REO’s – The Truth of the Matter

Flipping REO’s is definitely a business model that many investors practice. Just not me. In today’s market ( I hate that phrase, BTW) there is a flood of REO’s. I’m sure you’re wondering if you can flip the houses that are REO (Real Estate Owned by Banks) a.k.a. “wholesale” these properties.  I mean, after all, …

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Real Estate Motivated Seller

Seller Knows Its Worth More, But Agrees to My Price

I think you’ll like this one. I originally offered the seller $15k for the property. He absolutely refused.  Then, I called him back and left him a message saying that I could increase my offer.  This is his return call, and the conversation that we had. Enjoy! If you listen to this call, the seller …

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