HOW I MADE $54,000 ON MY FIRST WHOLESALE DEAL EVER!!

[@kellya8425]

Good job man! We have just completed our 2nd wholesale deal. Our 1st was a JV. Our 2nd we did on our own. Rock on dude.

[@JJ_vandeveer]

That’s awesome bro!!! Keep killing it💪🏼

[@kellya8425]

Same--samE, rockon@@JJ_vandeveer

[@UlySambrano]

That's awesome! I'm just beginning to research and this explains things ok to give an overview on what to do, might hit you up later on!

[@mrvanhorn07]

That is genius! I pull many lists but never tried this method. That is very smart to use social media i used to own a collection agency and we'd do that to find ppl but I never thought of bringing that into real estate!

[@allthings_Nancy]

Congratulations on your first deal man!

[@allthings_Nancy]

JJ that’s great hope! Now I gotta go do my first deal!

[@ModernGoodness]

Great story man!! Congratulations!

[@JJ_vandeveer]

Thank you bro!

[@isaiahmalonson504]

man thats life changing

[@dylancaldwell6794]

Dope story, its been a difficult few months of me working consistently cold calling with no deals yet but this reinspired me. Gotta go make some calls now

[@JJ_vandeveer]

Yes bro all it takes is one deal and it will pop up out of nowhere ! Keep cold calling , D4D and you will get there but don’t give up!

[@caden1456]

Yo man I’m tryna get started i just need help to get started

[@hulkjones1511]

I'll be glad when I can close my first deal 😢

[@evanclark2499]

Congrats! This was a great story! You definitely earned that win!

[@JJ_vandeveer]

Thank you 🙏🏼I appreciate that seriously !

[@deevlogstoomuch]

Nice video man! 🤝🏽💯

[@JJ_vandeveer]

@@deevlogstoomuch thanks brotha!!

[@donaldmorrell7914]

Yo, bro!! that was awesome💯

[@dejsusnovas7741]

Congrats man. I had to recently cancel all of my software subscriptions because it was too expensive monthly and I wasn’t getting any good leads. I’m in Buford, GA. I tried driving for dollars, but in my area a lot of these properties are owned by big corporations. I’m feeling super discouraged right now because I’ve been trying to wholesale on and off for about 6 months. Haven’t been able to close a single deal. I know once I close my first deal, it’ll change me and my family’s lives. Not so much about the money but bc I will then see that it’s possible for me to. Wish I could get some help. I’m on a budget but I’m just itching for that first deal

[@JJ_vandeveer]

@@dejsusnovas7741 hey brother don’t get discouraged. It’s somthing that takes time and CONSISTENT effort. If I were you I would save up some money and put 300 bandit signs out and you’ll have a good chance of getting a deal !

[@MarioBros711_]

Thanks for sharing brotha 👍🏼👍🏼

[@Jennie-h3m]

Hey in interest but i help understand what im doing before actually jumping in

[@richardgomez1458]

That’s up congrats!

[@elijalev588]

Awesome 👍🏽Love the Energy

[@theartistphiljc7682]

PERSISTENCE!!!!!!!

[@juancarrera6604]

Great video! Keep them coming! Subed!

[@JJ_vandeveer]

I’ll be uploading some more videos soon!

[@MzDior]

And congratulations 🎊

[@IsaiahQFreeman]

Love your consistency! Congrats! 💰

[@JJ_vandeveer]

Thank you !

[@joseguerrero495]

Awesome bro I definitely need to learn this

[@JJ_vandeveer]

Foreal bro!

[@skellam2]

Congrats! That's awesome!

[@alonsobermudez7321]

Congrats but I want to see more of this

[@Bearerof_Christ]

Wow man that's super inspiring

[@iamvolvo7992]

Great job!!!

[@scorpionbradford8518]

Great hustle ! I love your consistency ! What made you dbl close ? Tell me, your former and present mentors. Your very inspirational. Its time for you to make another video. The people love your energy !

[@Abzii_]

Hi, anybody does this in South Florida or need leads in that area? I can find you distressed houses leads.

[@davej6400]

Awesome Story Man.

[@TopGLands]

thankful for this vid man

[@InterestingLifeTravels]

❤ Love this

[@zinobia_honey]

Omg congratulations 🍾🎉💕🥴amazing start for sure lol

[@Lladosfanclub]

Thanks bro I made a $17,000 deal today because of the strategy of leaving the notes you preach in the video, thanks a lot for the info do you offer mentorship? I am trying to explote my leads 😅

[@JJ_vandeveer]

@@Lladosfanclub let’s fucking gooo dude !!! Have you done any deals since ??

[@charlesbostic8916]

This video was definitely motivation congrats on your first sale. What part of Indiana are you from?

[@ccavila323]

Congratulations 🎊

[@ruthata2068]

Thanks for this video JJ! Would love to connect, what's the best way to reach you?

[@88_visi0n8]

Good stuff Bro, Congrats on the Dub. Did you use the generic assignment and contract? or did you hire an attorney and create your own?

[@JJ_vandeveer]

Another reputable wholesaler in my community let me use his

[@adansanchez452]

AWSOME VIDEO!!!

[@Buysnackstack]

Hey bro, First off, congrats and I am glad you are still responding to comments after 7 months. I am 18 and I recently got my LLC to get started. I feel I have everything, the MLS software, the lead list, the contracts already made, but the one part im confused about is the contracts and who to give it to. Should I go on google and search for "closing attorneys" and thats who I give the contract to, pay the earnest money, etc? I know it is mostly up to the seller. And also, how many days does it take to close? I know usually they have do title searches but I'm not sure how long I should put on the inital contract for me to find a buyer for the contract, title search, etc.

[@JJ_vandeveer]

You can I’ll take the contract and have the seller sign it. You can do this in person using docusign. For closing I’d put 3 weeks out from the day you sign

[@beptex2858]

What market you’re in? I recently started as well but will start my LLC after first deal.

[@JJ_vandeveer]

@@beptex2858 indiana and congrats bro!

[@Bearerof_Christ]

Title company. Search for title companies on Google they'll all pop up. Ask them questions before doing business with them, to make sure there wholesaler or investor friendly. Ask them stuff like do you guys do assignments or double closings etc. In fact look up Jerry Norton and he'll explain everything. The process after you get a house under contract is called going into escrow. That who you give contracts too and earnest money etc. They handle the whole closing process where everyone gets paid.

[@CFS2022]

Awesome, sorry, thanks for sharing!!!

[@WestTexasRancher]

Great video

[@CharisproductionFenix]

Congratulations 🎉🎉🎉. I have a question. Can we connect? New to wholesaling

[@Keychainjames]

Good job pimp

[@marshawndavis4816]

Dope content bro keep going

[@scubadaddy3739]

Congrats on a good deal man, im just tryina learn and glad I found your channel.

[@theeproducershine]

This is awesome man!

[@JJ_vandeveer]

Thank you brother !

[@weareourownheroes_10xoscar4]

Super cool! Thanks for sharing! Definitely motivating, and shows the power of consistency!

[@ashtonchaney5375]

Hey bro great video this was very insightful, i had a quick question about purchasing the property after the tax sale. i’m in texas and we have a 2 yr redemption period but we have to re inburst the original buyer the money they bought the property for plus and some interest and fees and also have to pay the deed price. was just wondering was it the same for you and can the fees become too much to where the deal has no equity left?

[@JJ_vandeveer]

@@ashtonchaney5375 so they don’t actually buy the property in full. They are paying the taxes owed and then doing an agreement for a certain price once the redemption period is over. So all you owe them is interest on the taxes they paid off.

[@JJ_vandeveer]

Does that make sense ??

[@AngelJimenez-xb9vw]

Anyway to reach you where you’ll be able to answer questions

[@JJ_vandeveer]

You can ask in the comments or DM me on insta @jjwholesales

[@vannilamango]

Amazing!

[@royallenwoolforkiii4720]

Excellent job bro is tht deal machine a good software

[@JJ_vandeveer]

Yeah its a bit costly but worth it in my opinion. Lot of cool features on it

[@royallenwoolforkiii4720]

Which plan do u use

[@JJ_vandeveer]

@@royallenwoolforkiii4720 I dont currently use it anymore because i work for a company that feeds me leads. We just use a CRM call RI Simpli to manage all of our leads. But when i was on my own i used the highest lan and i think at the time it was around 230-250 a month

[@kirkalirk]

Great job!

[@ArtisticallyAspiring]

Where you at in Indiana? I’m in Indianapolis.

[@JJ_vandeveer]

@@ArtisticallyAspiring Fort Wayne !

[@marwin4038]

Are you still working Tax Lien Cert properties? Would love to work with you on them

[@forgotforget27]

how do you find a title company man in ready to start my journey!!

[@JJ_vandeveer]

Hop on your local REIA Facebook page and ask for title recommendations. Or go to your local REIA meet up and talk to some people and ask who they use! Get after it brother !🙌🏼🔥

[@detroitl3d]

Why I look this up then come back yo comment popped up 😭

[@virgobee23]

Awesome!!!

[@calebrights8712]

Let’s go!

[@SaiDronavalli]

Congratulations man! I respect your perseverance with the facebook messages. Quick question, do you need to show proof of funds before you get into a contract? When I bought my primary house, I couldn't make an offer without pre-approval, so I'm wondering if this is the same. Thank you in advance!

[@JJ_vandeveer]

If it’s off market you don’t need POF but when it’s on market you normally do!

[@SaiDronavalli]

@@JJ_vandeveer So if i try to wholesale a house on MLS, i need to show proof of funds? damn I guess I need to focus on off market houses then. Thanks!

[@JJ_vandeveer]

@@SaiDronavalli yes wholesaling on market is a bit harder in my opinion. You can still do it by getting a letter of POF online or by partnering with someone who has POF. But yes I think the best deals are off market

[@richardgomez1458]

Look up Paul McCommas. You can get a proof of funds letter off his website for free. GL.

[@sharonthompson8406]

I’m just getting started. How do I get the contracts for them to get the homes under contract?

[@JJ_vandeveer]

Ask some people in your local REIA ho have done wholesale deals if you can use there contract. Or you can pay an attorney which can be expensive.

[@legendaryrscopridge]

Thanks for sharing!

[@JJ_vandeveer]

Keep grinding bro!

[@legendaryrscopridge]

What market are you in? Let’s connect!

[@psalmsgirl2023]

I could use your help!

[@devv8]

Hey bro you think we can link and talk otp about where I can get started? Would love to just pick your brain

[@MzDior]

That is amazing! Can I please get some help!

[@scorpionbradford8518]

Did you do your deal in your area ? I just subscribed and liked

[@JJ_vandeveer]

Yes it was local to my area but I have one under contract now I’m working on that’s a little over an hr away

[@freeoffenisve]

if you pay off the houses taxes that means you own the hosue

[@SleepyMINDZ2024]

The contracts you used did you go over it with an attorney to make sure it has all the right provisions? I live in oregon and it seems like a wholesaler friendly state.

[@JJ_vandeveer]

I didn’t go over it with an attorney the contract was one I got from a reputable wholesaler I connected with through the local REIA in my city. He had it written by a real estate attorney.

[@SleepyMINDZ2024]

@JJ_vandeveer awesome, I'll be going to my first meet up on Tuesday

[@SIENDOGG]

Do you know how to run comps? I really be needing to know if I’m in a good deal or not 😂 Also bro, I am new to wholesaling but have done extensive research and have almost gotten one deal under contract. I just was nervous and wanted to make sure it was a good deal. But I think it would be cool if we were to JV together on a deal so I can get the experience and put my knowledge into action

[@JJ_vandeveer]

Yes DM on insta bro @jjwholesales

[@shaneeraparker5866]

Hey can you tell me the different formulas you use to run comps ?

[@JJ_vandeveer]

Ill make a video on this it would be much easier to explain !

[@ericphilipmartin1964]

Hey JJ, great story, very detailed. I'm in Chicago, by chance, would you be open to having someone cold-call for you in exchange for mentorship?

[@66C10L]

How do you calculate the closing costs, carrying costs, commissions when reselling, etc that the end buyer would subtract from the arv?

[@JJ_vandeveer]

I use the 70% rule when looking for deals. Which includes there profit when flipping as well as closing and other cost. So if arv for a house is 100k I take 70% of that. 70k and subtract reno cost 20k for instance. 70-20k=50 and then subtract your wholesale fee. 50k-10k fee = 40k so your buy price is 40k.

[@66C10L]

@@JJ_vandeveer just what I needed to understand thank you!

[@Misionero4Christ]

Did you double close or let the investor see that you made 50 bands? 😂💯

[@JJ_vandeveer]

@@Misionero4Christ I double closed but he saw I made the 54k at the table 🤣😅

[@houdini3413]

Great video man, I'm 16 and me and my close friends have been interested in real estate for awhile, I'm just wondering if the seller and you signed a contract before selling the property to the buyer.

[@JJ_vandeveer]

That’s awesome get into it early! But yes we did. I signed a PA with the seller and then signed another agreement with the buyer which stated he will buy the property at said closing date.

[@sahilmongaa]

@@JJ_vandeveerwhat happens if the buyer doesn’t show up? Do you have to pay full price on the property?

[@JJ_vandeveer]

@@sahilmongaa I’m not 100% sure honestly. My guess would be you would have to cancel the deal. You should definitely vet your end buyer a little and if they are very hard to communicate with or aren’t very responsive then that’s a red flag.

[@TopScor35]

Wait, why would you say you can pay off her taxes but it wasnt gonna come from you?

[@JJ_vandeveer]

@@TopScor35 originally I thought I had to pay her taxes off before I bought it but then was informed that it can just get paid at the closing table by the end buyer

[@AISmartHomesFund]

How do a newcomer find cash buyes

[@skooby6686]

Where did you get the contracts?

[@JJ_vandeveer]

I used one that a local wholesale/flipper used. I met him through the reia in my town and he let me use his

[@philw9787]

Did you have double close? Huge assignment fee, cash buyer was cool with making that much?

[@JJ_vandeveer]

@@philw9787 yes I did a double close on this one !

[@JJ_vandeveer]

@@philw9787 he actually saw how much I was making when we were at the closing table and he was a little mad but he still got a good deal and made money

[@dee.hartgroves1989]

What state are you in . I have a property in tn

[@JJ_vandeveer]

Indiana

[@PandiToons]

Great vid JJ, My name is Brian I just started wholesaling a couple months ago about 3 now, and Im driving for dollars constantly I wanted to know if maybe you had any idea of a better way of finding motivated sellers? And also when wholesaling pre-foreclosure do we need to go in with money upfront or does it all get paid off at closing?

[@JJ_vandeveer]

Thank you ! Honestly I think D4D is the most affective way right now. I’ve got a few ideas I’m going to try and if they seem to do well I will share them on my channel. You shouldn’t need to bring any money to closing on pre-forclosures. The debt would be paid at closing by your cash buyer I believe. The title company should handle that

[@OliviersYT]

Y’all should try online

[@OliviersYT]

Also cold calling

[@1987hines]

Wouldn't that leave you with 34,500? 22,000 in taxes, 45,000 to the seller. Sold at 101,500

[@JJ_vandeveer]

@@1987hines yes I grossed 54000

[@HunterWatson-l8f]

Hey man I have some questions and I’m trying to get my first deal how can I get in touch with you?

[@JJ_vandeveer]

Message me on insta at jjwholesales

[@ohonbuts6964]

Great story! So how did u make the contract? Or was it the seller of the home who made it.

[@JJ_vandeveer]

I got the contract from a guy I met through our local REIA. It’s a normal Purchase Agreement nothing fancy. It’s 1 page very easy and straight forward. He actually had a lawyer write it up if I’m not mistaking. So connect with big guys in your reia and they will have contracts for you. I’d focus on getting a deal first tho and then reach out to them.

[@ohonbuts6964]

@@JJ_vandeveer Ok thanks for the help🙏🏾

[@Yn_Andy_]

Ima watch this inna bit ima eat rq brb

[@JJ_vandeveer]

Whatchu bouta eat ?

[@fa5102]

Hey what Facebook page did you post the house on?

[@JJ_vandeveer]

Brrrr invest

[@JJ_vandeveer]

I posted the house for sale on a local REIA page where I’m from if that’s what you were asking?

[@JacobMiller-lt2nc]

This is probably a stupid question, but how do you get it under contract without an actual cash deposit? So you can get the contract signed and have a certain amount of days before it closes? As long as you find an actual buyer before that closing period then you never put your own money down?

[@ferrenxavier]

you don't need a cash deposit, just take earnest money out of the contract. Just make sure it's legal in your state.

[@calebhorstvlogs7363]

Hey man I’m also very young and interested in pursuing wholesaling and was just wondering if you had to pay for your knowledge you got through courses or what was your experience on that !

[@JJ_vandeveer]

I’m going to make a video on this soon. But yes I’ve spent money on courses and things to help mindset and things like that. I think it’s a big part of being successful

[@ccavila323]

Can a title company from another state close or does it have to be in you state?

[@JJ_vandeveer]

I think so but I’m not 100% sure You would have to ask the title company.

[@robertlino3378]

So the buyer bought the house at 101 and paid off the 22k of liens?? Or how did the 22k get paid??

[@JJ_vandeveer]

So it was a double closing. I had someone wire over the 45k for the first purchase and the buyer got the difference between 45 and 22k. So she got 45-22=23k. Basically all the lines were paid at closing before she was paid

[@robertlino3378]

@@JJ_vandeveer oo ok ride onn , thanks for the response! I'm barely getting into wholesaling real estate myself, & am just trying to understand the money situation if that makes any sense on how much we will be getting, who pays what, & also taxes.

[@robertlino3378]

But thanks again! Really appreciate it

[@JJ_vandeveer]

@@robertlino3378 yes I know what you mean definitely talk to a tax person or a lawyer and have them help you set up your LLC the right way!

[@terryjohnson7413]

Did u do a double closing ?

[@JJ_vandeveer]

@@terryjohnson7413 yes

[@Lenny-cs9vl]

How did you do the bidding war?

[@JJ_vandeveer]

It wasn’t planned I just had two people making offers and trying to outbid each other. I told one of them I had a full price offer already and he Said he would pay more then same thing happened with the other guy

[@arlexb1251]

​@JJ_vandeveer what if it had a mortgage and how would you know that they have a mortgage on the home

[@JJ_vandeveer]

@@arlexb1251 the mortgage would have to be paid off and the seller should know if they don’t for some odd reason the title company will get a pay off statement

[@Sebastianx115]

How do you get it under contract do you have a digital contract ?

[@JJ_vandeveer]

Yes I sent it through docusign

[@Sebastianx115]

@@JJ_vandeveer Do you have a file you can send me or something you can recommended me to use ?

[@matthewyonkman5692]

What are the taxes on a wholesale deal?

[@JJ_vandeveer]

Really good question. So I was set up as an LLC and I was taxed roughly 30% so I payed almost 20k in taxes. But I’m switching to a s-corp which if I were set up originally I was have only payed around 8k

[@kofi3719]

How did you calculate your take home cash from closing? I’m still confused about that. Is it the difference from what you get the contract under from the seller and what you sell/assign it to a buyer - fees?

[@JJ_vandeveer]

Yes so I bought it for 45k and sold it for 101,500 minus some fees ended up being 54k and some change

[@robertlino3378]

​@@JJ_vandeveer So the buyer bought the house at 101 and paid off the 22k of liens?? Or how did the 22k get paid??

[@JJ_vandeveer]

@@robertlino3378 it was a double close so I had purchase the property cash and then resold it 15 minutes later to the end buyer for the 101,500k. The liens were paid off when I purchased it

[@backinz]

@@JJ_vandeveerso you bought the property for 45k? Actually cash or through a contract?

[@JJ_vandeveer]

@@backinz It was a double close which means there are two purchases and two closings. So I had another I’m ester who had 45k cash wire it to title on closing. So I actually owned the property for about 30 minutes until I sold it to the end buyer for 101,500. My money lender who wired the 45k charged me $750 to barrow his money for the double closing. So when I sold it to the end buyer he got $750 out of that.

[@kevinperez8784]

I have a question, if closing is 30 days and you end up finding a buyer at day 15 and sign a contract with them at day 15, when do you get paid? on the last day of closing or right as everything gets signed and sent to the title company ?

[@JJ_vandeveer]

Good question. You don’t get paid until closing at the title when the sale is finalized.

[@edwinnunez1953]

🔥🔥🔥

[@AngelJimenez-xb9vw]

Quick question once you secure the contract and find the buyer what do you tell the seller afterwards assuming they don’t know your basically middleman ing

[@JJ_vandeveer]

If they ask you can tell them you work with other investors as a deal finder or that this deal worked better for them so your assigning it to them for a fee. Just try to be honest without sounding sketchy.

[@AngelJimenez-xb9vw]

Thanks man one more tho once you secure everything do you introduce the buyer to the seller? What do you to them. and what’s the process like when ya go to the title escrow company? Do you ever go to closing

[@JJ_vandeveer]

@@AngelJimenez-xb9vw no you never need to introduce them. You go to closing too and sometimes you’ll be there with the seller and sometimes you won’t it depends on the situation. I never met my seller once I only talked with her over the phone because she lived a couple hrs away

[@AngelJimenez-xb9vw]

Sorry I’m asking questions bro is that I’m trying to get started today or at least tomorrow and I’m in a analysis paralysis if you will. BTW I really appreciate you taking your time to answer my question I really do brother. So I want to kind of simplify. 1. Get the seller 2. Secure the agreement 3. Find a buyer. After the seller agrees to the contract you tell them I’ll find a buyer within 30 days? Did she ever ask for proof of purchase? Also do you use docu sign? I’m on KZbin searching the web left and right for info. Ima send you something when I land this deal 👍🏼🫵🏻✅💪🏻💯

[@JJ_vandeveer]

@@AngelJimenez-xb9vw yes but the seller doesn’t need to know your wholesaling it. Your contract needs to allow you 1-2 weeks of inspection that allows you to back out if necessary. You and the seller have to come with an agreement on the closing date. So 2-4 weeks and the. You have to get the end buyer and he will close on that date. I hope that makes sense. But absolutely no problem bro I love helping when I can!

[@jockwick5981]

How many deals have you done since then?

[@JJ_vandeveer]

@@jockwick5981 I did 1 deal right after that an partnered with the company I work for now. I’ve worked here a little over a year and I’ve done over 120+ deals

[@IlkanAli]

What market were you in do you work with others

[@JJ_vandeveer]

Indiana market and yes I do. If you have a deal DM on Insta @jjwholesales

[@speezbanger1469]

Are u still doing deals

[@JJ_vandeveer]

Yessssir

[@jessicatorres4170]

I got a deal and need help, anybody interested in helping?

[@JJ_vandeveer]

@@jessicatorres4170 message me on Instagram @jjwholesales

[@weareourownheroes_10xoscar4]

How can we connect with you?

[@JJ_vandeveer]

DM me on Instagram @jjwholesales

[@e.be.so.fr.]

Did you do double close or assignment ?

[@JJ_vandeveer]

I double closed

[@totochavez396]

did u get paid to a llc? or did u do personal

[@JJ_vandeveer]

It’s up to you , I put it under my LLC but you don’t have to