Wholesale Real Estate: WHY MOST SUFFER & QUIT!

When it comes to Wholesaling Real Estate, there are 5 Main Reasons Why Most Wholesalers Suffer & Quit! In this video, Alex Martinez (CEO & Founder of RealEstateSkills.com) will cover the 5 reasons why real estate wholesalers suffer & quit in this business so you can avoid the common mistakes & grow a thriving wholesaling business!
Entrepreneurs & professionals wanting to work closer with my team & I to get started wholesaling & flipping, APPLY HERE: www.realestateskills.com/appl...
Whether you’re wholesaling real estate as a beginner, or even an advanced wholesaler, these points are important to understand so you can avoid these common pitfalls!
In a nutshell, wholesaling allows you to get property under contract (like, houses) and assign the contract rights to another buyer (typically, called a “Cash Buyer”). These Cash Buyers are usually real estate investors who fix & flip houses and want more deals to buy so that they can purchase, renovate, & sell more houses for a profit.
A couple of great things about wholesaling real estate are: 1) You can literally wholesale houses with little to no money, and no or bad credit. Additionally, 2) You do not have to be licensed in order to wholesale real estate.
It’s important to understand that you do not have to actually buy the property in order to wholesale it. However, you do have to put the property under contract so that you can assign the “equitable interest” in the contract (i.e. the contract rights that you now own once you put it under contract).
At Real Estate Skills, we’ve been helping our clients & students to start and grow hyper-profitable wholesale & flipping businesses across the United States.
These 5 reasons we’re covering today have been distilled down from helping & teaching thousands of others to become successful at wholesaling real estate in their respective markets.
Some ask “Is Wholesaling Hard?” before getting into this industry. We like to say that it’s only as hard as you make it! Nor is it necessarily easy. However, wholesaling is simple once you have the right systems in place to execute consistently on a daily, weekly, & monthly basis in order to hit your income goals.
As you’ll see in this video, the ability to focus is an important attribute to any business owner, but especially if you’re in the wholesaling industry.
All the time, we see beginners getting started and becoming the jack of all trades and the master of none. Watching this video in full will allow you to avoid this common pitfall so that you can focus on the most important revenue generating activities for your business and to increase the likelihood of you wholesaling houses successfully, consistently, & predictably.
By focusing on the signal through the noise, you’ll be able to become a better & better wholesaler each & every day while growing your company. Focusing on one acquisition system at a time will allow you to master all the techniques that go along with it, rather than having to learn a new acquisition system every other week.
We are big on being able to master one system at a time so you can plug other people into the system and teach them how to do it right the first time. This will now allow you to scale your wholesale business and grow from a technician, to a manager, and finally to an actual real estate entrepreneur!
👇 As mentioned, you can check out the links below to stack your knowledge of wholesaling real estate!
🏠Watch our FREE Training on How To Get Started Wholesaling & Flipping Houses WITHOUT Spending $1 On Marketing Here:
➡️www.realestateskills.com/trai...
🥇Check out our Pro Wholesaler VIP Program on How To Get Started Wholesaling & Flipping:
➡️ realestateskills.com/pro-whol...
CHAPTERS:
0:00 - The Top 5 Reasons Why Most Wholesalers Suffer & Quit!
0:26 - Reason 1
2:10 - Reason 2
4:46 - Reason 3
7:19 - Reason 4
9:38 - Reason 5
📈 You can download Wholesale Real Estate Contracts here:
➡️ www.realestateskills.com/whol...
👋 Say "Hi!" on Social & Join our Community:
💻 Website - realestateskills.com/?el=5rea...
📈 Program - realestateskills.com/pro-whol...
📸 Instagram - / realestateskills
🐦 Twitter - / realest8skills
👨🏽‍💻 Facebook - / realestateskillsdotcom
📺 “How To Find Cash Buyers Online For Free” KZbin Video:
➡️ • How To Find Cash Buyer...
(watch this video to learn how to find 3-5 QUALITY Cash Buyers in your area quickly & efficiently for your wholesale deals)
💙 SUBSCRIBE TO OUR CHANNEL & CRUSH IT AT REAL ESTATE!
➡️ kzbin.info...
#WholesalingRealEstate #WholesalingHouses #RealEstateSkills
📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.

[@RealEstateSkills]

🔥Watch our FREE TRAINING to learn how to Wholesale & Flip Houses from the MLS without having to do any marketing: www.realestateskills.com/training?el=5reasonswhy

[@jonathongeiger27]

I like how real you are and not some guru asking for 7k for a course

[@RealEstateSkills]

Thanks Jonathon! Super appreciate your comment, means a lot! I think you'll enjoy this video, as well, if you're starting to wholesale real estate: kzbin.info/www/bejne/gHfRhnR4hd5gd5o ^That video is "How to start wholesaling real estate in 21 days or less." We obviously coach & train wholesalers & flippers across the Nation to get deals consistently every month, and I outline the steps needed in order to do this in the video. The video is ~57 minutes and extremely detailed so get your popcorn ready in the case you haven't watched it yet! Keep on rocking it, man. We're here to support you!

[@jonathongeiger27]

@@RealEstateSkills Popcorn and a Notebook 😄

[@RealEstateSkills]

😂 exactly brother! 🍿📓

[@ryanzomorodi]

This video is GOLD right here. Reason #4 is crucial for beginning wholesalers and real estate investors. If you're getting a ton of No's when you're wholesaling real estate, you need to ask "why?" in order to get that feedback, learn, and improve. Wholesalers need to learn how to think like the cash buyers that they serve so they can increase their odds of success. Keep is coming Alex! This is great stuff.

[@RealEstateSkills]

100%! I'll quote you here: "Wholesalers need to learn how to think like the cash buyers that they serve so they can increase their odds of success." ^That is exactly what any beginner wholesaler (or advanced real estate wholesaler) needs to be thinking when working with cash buyers. Having a Service-based approach when wholesaling will help take anyone from the level of an amateur to a Pro. Let's keep building these key relationships to make our businesses thrive! 🏠 ✊

[@ryanzomorodi]

@@RealEstateSkills Couldn't agree more :-)

[@UltimateAgent]

Thanks for the video....I appreciate the knowledge!!!

[@RealEstateSkills]

You bet, Tonio! Appreciate the comment! Be sure to subscribe if you haven't yet! We'll be coming out with more wholesaling knowledge bombs real soon! 😎💣

[@user-ct5xl5ir5o]

Thanks for all the Information and resources you are the man

[@RealEstateSkills]

We're glad you are enjoying the videos and free resources we provide, Zaid Maldonado! Cheers! 🏠

[@jerilynjohnson8381]

Awesome content! THANK YOU!

[@RealEstateSkills]

Thank you! 💙 Cheers! 🏠

[@jwilliams7432]

I really appreciate your videos I think they're great and very informative

[@RealEstateSkills]

Happy to help, J! Cheers & Happy Wholesaling! 🏘💙

[@supremebuddha8629]

Lots of value here, thank you. heres to everyone’s success 🥂

[@RealEstateSkills]

Hey! Appreciate the comment & super glad you found a lot of value here! All gold nuggets, no fluff here! Cheers to you! Happy Wholesaling!

[@reasedogable]

Thank you this video encouraged me to keep going

[@RealEstateSkills]

Don't give up! You got this, Keepinit100! 💪 Cheers! 🏠

[@GigiG2311]

This was really helpful information. Thank you!

[@RealEstateSkills]

Happy to help, Bird! We're stoked you learned something and enjoyed the video! Cheers! 🏡😊

[@iamaperson2365]

Thank you so much Alex! Such amazing content! You're really such an amazing teacher,never fails to deliver clear and genuine information. Also very true and up to date and in contact with your students. Much love Alex.💯💪

[@RealEstateSkills]

Thank you for the kind words Iamaperson! We put a ton of effort into these videos so it's always nice when our viewers appreciate it! Cheers!

[@SandraTillmansandratillman1]

This is GOLD...thanks Alex!

[@RealEstateSkills]

No problem, Sandra! We're happy to hear you loved the video and learned something! Cheers & Happy Wholesaling, Sandra! 🏘💙

[@the.homehunter]

Awesome content, thanks for sharing!

[@RealEstateSkills]

Hello, Hunter! We're stoked you loved the content! Cheers & Happy Wholesaling! 🏘😎

[@HoppingReaper]

Great content! Thank you for all the value you put together on this training

[@RealEstateSkills]

No problem Elevation! Happy to see you appreciate the effort that goes into these videos! We will keep dropping gems like this so stay tuned! Cheers! 🏘

[@gledyg]

Wow thank you I need to start ASAP

[@RealEstateSkills]

You're very welcome, @gledyg! You got this! 😊

[@Fourwindsofsuccess]

I loved this. I love how you’re blogs & articles & videos push to find your “CASH BUYERS” 1st. These people are insane whom tell you to just contact properties/sellers first. Thanks Alex 😊

[@RealEstateSkills]

Glad you loved this, Bri! So true! It's much simple to just find Cash Buyers in your area first AND THEN find wholesale deals so that you can find the exact deals your Cash Buyers want! No need to create extra headache for ourselves by finding wholesale deals our Cash Buyers do not want! It's about working smarter, not harder ;) Thanks Bri! :)

[@bertwright6327]

Great video and insights as I am new to Wholesaling. I completely agree that failure is feedback.

[@RealEstateSkills]

Hello Bert- We're so happy to hear you found this video helpful! So awesome you have that winners mentality!! You stated you're new to wholesaling real estate so I think it would be useful for you to watch this video we just launched teaching you how to talk to cash buyers! Here is a link to the video: kzbin.info/www/bejne/r4Gnc4GlgMx8i9E Hope to hear all about your first deal soon and if you have any questions don't hesitate to reach out Bert! Cheers & Happy Wholesaling! 🏘️

[@dakotahermes]

dang, so much value here dude!

[@RealEstateSkills]

WE appreciate the love! We're here to put out the best content on wholesaling real estate! :D

[@sharonceaser-wheeler3364]

Thanks for sharing!

[@RealEstateSkills]

You're welcome, Sharon! Cheers! 🏘

[@jonasortiz6652]

I’m going to do this. I’m going to learn as much as I can ..this is for me Like your videos btw 👍

[@RealEstateSkills]

Can't wait to hear you got your first property under contract, Jonas! Cheers & Happy Wholesaling, Jonas! 🏘😊🚀

[@user-lp3wf8gc2d]

Great video! Helps me out alot to get started. Time to take action

[@RealEstateSkills]

Taking action is the key, @user-lp3wf8gc2d! You got this! Take what you've learned and run with it. 🚀

[@yasminkelley8797]

Great content Alex! Please keep the knowledge flooding. “Real estate investing is hard but that’s why it’s worth it!” I’ve fell off my vision but now more than ever I’m taking action. Thank you!!

[@RealEstateSkills]

Thank you, Yasmin! We'll always keep the knowledge flooding ;) I love that quote. Typically, everything hard is worth doing and that's because most people "quit" on the way to their goals when things get tough. Let's just accept that the majority of things that will positively change our life will be tough/hard, and now are expectations are set correctly! Now we can say "Bring it on world! I got this!" It's totally fine that you fell off from the vision (we ALL do this from time to time). Props to you for admitting it and being self-aware. All you have to do is re-instill your vision, get clear on exactly what you want to accomplish, now break down your vision into goals with deadlines, and start executing ferociously day in & day out! Vision-setting isn't a one day thing, or a set it and forget it type deal. It's something we must remind ourselves of constantly and re-work constantly! As you know, we got your back Yasmin! Thanks for the comment! 💙 Let's keep on crushing it!

[@ThinkWealthy]

Very well said.

[@RealEstateSkills]

Thank you very much, sir! Nothing we enjoy more than sharing our knowledge on how to wholesale real estate effectively & efficiently! Cheers!

[@HighGravityAdventures]

dude, Today and yesterday I attended investor/wholesaler/cash buyer meet ups and met a TON of people! I plan to attend every single one that I can. This video reassured me that there certainly are the nay sayers but there are plenty of motivated pros with great info and I plan on replicating what they have done. Thanks Alex for another great vid.

[@RealEstateSkills]

Let's GOOOO Bret! That's awesome you're starting to go out to REIA meet-ups! You will make some great professional connections there. Keep that mindset! There is so much misinformation out there in regard to wholesaling real estate so never let someone deter you! We look forward to you telling us about your next deal! Thanks for the sub and I hope you enjoy all our future content! Cheers & Happy Wholesaling, Bret!🏘😎

[@BellaKREIE]

Great video. Thanks a lot. You had great advice with a bit of humour. 😂 " negative Nancies" "negative Nicks."

[@RealEstateSkills]

💙

[@pridababy]

Mannnn you make it so easy 🙏🏾

[@RealEstateSkills]

Thank you for the kind words, pridababy!

[@brucemcgraw7014]

Excellent excellent content.......im 3 weeks in and find this extremely informative. Im networking with some hard money lenders for this program, but for the program itself and the training it's about 20k.

[@RealEstateSkills]

Hey Bruce - we're stoked you found this video to be excellent! I put a lot of time, effort, & energy into these videos to make sure there's no fluff and so you can learn from our 10+ years of experience in the wholesaling & flipping real estate world. $20k seems a little hefty. If you haven't yet, then check out our free training here: www.realestateskills.com/training?el=5reasonswhy In the training, I cover how to wholesale & flip houses from the MLS without having to spend any capital on marketing. Most programs are going to require you to literally spend thousands of dollars a month on marketing (like, direct mail, postcards, softwares, VAs, bandit signs, online ads, etc.,). The cool thing about using the Multiple Listing Service (MLS) as your acquisition method is that you don't have to spend any money on marketing to get consistent deal flow & close deals each month. We believe we're the best at helping others establish their own MLS Offer System to get multiple wholesale & flip deals every month in their respective markets! Sounds like you're taking the right steps to continue leveling up as a wholesaler! Cheers to you, that's what it's all about. Getting 1% better each & every day!

[@onewolf007]

Great info can’t wait to sign up for your coaching

[@RealEstateSkills]

We're stoked to hear you love the info in our video and are excited to see if we're a good fit for each other, Wolf! We recommend that you take a look at our free training first, then you can book a call with our team. 😊🚀 Here is a link: www.realestateskills.com/training?el=5reasonswhy We tailor our support to each person's individual needs so we look forward to talking with you soon and we look forward to accelerating you on your real estate investing journey! Cheers & happy Wholesaling, Wolf! 🏠

[@spm5a]

Great advice

[@RealEstateSkills]

We're glad you enjoyed the video, Satya Modi! 🙂 Cheers & Happy Wholesaling! 🏡

[@driftaway2806]

If I could pull one whole sale I'd be incredibly happy

[@RealEstateSkills]

Hello again, @driftaway2806! Completing your first wholesale deal is a very attainable goal. Make sure to take action with everything you've learned from our channel! Cheers! 🏠

[@cesttmoii]

Omg you came in time for me

[@RealEstateSkills]

:) Woo! Super glad you were able to find this vid! Definitely Subscribe to the channel if you resonate with our videos! That way you'll get notified when the next video comes out! :)

[@kellya8425]

Fail forward...all you can do is learn and implement & realize that learning is winning too. It's wen you don't learn is wen it becomes insanity. At the end of the day contemplate - My Wins/losses for tod? - What I learned/improve upon - Changes I need to make

[@RealEstateSkills]

Hello again, @kellya8425! Always be learning. 🚀

[@johnbarrientes4807]

I appreciate your input on building your buyer list first. Just about every KZbin wholesaler says the opposite.

[@RealEstateSkills]

Thank you for the kind words, John! We like to share our best practices and we're glad you see the value in them! Cheers & Happy Wholesaling, John! 🏘

[@HSS7564]

On the Dot !!!

[@RealEstateSkills]

BOOM! Thanks for the comment! Keep being sharp! 📌🏘

[@Jeff-gt2xu]

"Jack of all trades, but a master of none, if often better than a master of one."

[@RealEstateSkills]

🚀

[@jstered]

That last point, taking the 'traditional' method that most people go with first and flipping it on it's head.

[@RealEstateSkills]

We're glad to hear you enjoyed the video, Acharvis! Cheers! 🏠

[@tylergrayford298]

Hey Alex! My name is Tyler and I am new to wholesaling. I have already built a pretty good spreadsheet of cash buyers in my area and just had one question about my introduction. I know I should call them up and introduce myself before finding properties, but how should I introduce myself? Should I say that I am a new investor to the market or should I call myself a wholesaler? Just seems odd to call myself an investor and then ask them what kinds of properties they are looking for and what zip codes they like to work in. Any advice would be awesome. Thank you, you have been a huge help to me starting out in this business!

[@RealEstateSkills]

Hey Tyler! Awesome to hear you're new to wholesaling. Wholesaling's how I got my start and how many other successful real estate investors got their start in the game! To directly answer your question, we actually just released the video that covers how to introduce yourself to Cash Buyers before even finding any properties, and also covers exactly what questions to ask from our script. Check out the video here: kzbin.info/www/bejne/r4Gnc4GlgMx8i9E Leave a comment on that video with anymore questions, and/or let us know if the video helps you! I have a feeling it will ;) Cheers & Happy Wholesaling, Tyler! 🏘

[@jerryingram9540]

Very informative, but I want to know is, when it comes to contracts where do I get the contract from in order to write it up? Do I go to the library and ask for rea estate contracts or is there another way?

[@RealEstateSkills]

Hey Jerry - thanks for the comment. Glad you found it informative! When wholesaling houses from the MLS (Multiple Listing Service), you get the contract from a real estate agent, and the real estate agent writes up the contract for you. You, of course, tell or send the real estate agent the offer terms you want in the contract, but the real estate agent writes it up, and sends it to you to sign digitally. Here’s a free download we put together of a wholesale real estate contract to use as a template/example. You can reference this for off-market deals/sellers: www.realestateskills.com/wholesale-real-estate-contracts-dl?el=5reasonswhy Also, here’s a step by step video we made on How to Start Wholesaling in 21 Days or Less: kzbin.info/www/bejne/gHfRhnR4hd5gd5o ^This video will cover how to communicate with real estate agents and the information necessary to give them in order to have them write up contracts for you. Please shoot us a subscribe if you haven’t yet amigo! 😎 Cheers & Happy Wholesaling! 🏘

[@adrianacv727]

Thank you for the great information, quick question, I live in California, Do I need high school diploma to do Wholesale Real Estate?

[@RealEstateSkills]

Thanks Adriana! Cool to know you live in CA! No, you do not need to have a high school diploma to wholesale real estate. However, you do need to be 18 years or older to sign a real estate contract. Otherwise, you'll need a legal guardian so sign contracts for you!

[@edwinnunez1953]

🔥🔥🔥

[@RealEstateSkills]

💙🏘💙

[@jennysantiago149]

Hi Alex! Do you have a video that explain on how to analyze or calculate how much can be the assignment fee? How much can I offer to the seller? How do I calculate the ARV? Thanks in advance

[@RealEstateSkills]

Hey Jenny! Thanks for the comment!

[@jennysantiago149]

@@RealEstateSkills Great! Thank you so much! Very well explained!

[@RealEstateSkills]

You got it!! Glad to help! :D

[@juiceyj4989]

Im also wondering what if your you have a cash buyer that has done over a thousand deals and are will do any house just basing the criteria off the arv and roi if thats okay to find a random deal for them cause they didnt give spicifics any help would be appreciated 🙏

[@RealEstateSkills]

Hello again, Juicey! If you have questions about your cash buyers' buying criteria, you should always ask them! The more you know about what kind of deals they want, how they calculate their ARV, and what type of ROI they are looking for, the more likely they are going to buy your deals. Cheers! 🏠😊

[@stefface1397]

Where exactly do you recommend to find cash buyers? Is there a website? App?

[@RealEstateSkills]

Hey Steff! Here's a video we recently made on exactly how we recommend to find Cash Buyers for wholesale deals in the area you're wholesaling in: kzbin.info/www/bejne/j6u6eISAhbCpbMU ^This video will walk you through how to find Cash Buyers online & for free! No need to use an app or pay for any software! Super simple! :D Please shoot the video a LIKE & hit the SUBSCRIBE button if you haven't yet! We'll be coming out with more great valuable content very soon that you won't want to miss! Cheers & Happy Wholesaling! Be sure to check out the video I shared to find those high-quality Cash Buyers in your area!!

[@Mr.Moneybags40]

amazon carted taht trillion dollar book you got on the left there. looks interesting

[@RealEstateSkills]

Hello, Erwin! Let me know what you gain from the book! 🚀 Cheers! 🏠

[@cuhhrizma1884]

Should we find homes that are for rent/for sale or houses that are distressed only

[@RealEstateSkills]

Hey Tarzan, you should find and get houses under contract that are distressed AND for sale. When a house is "for sale", then the owner wants to sell the house. When a house is for rent, the owner wants to rent the house. For this reason, you're going to spend your time most effectively/efficiently and make more money wholesaling by focusing on distressed houses that are for sale rather than houses that are for rent.

[@anjanettekusluski2947]

Hi Alex, how much is the mastermind training?

[@RealEstateSkills]

Hello, again Anjanette! We responded to your other comment, but just in case here it is again! Happy to see you moving forward and looking forward to talking with you soon! We offer World-Class training & coaching for wholesaling. If you want to check out our Pro Wholesaler VIP Program we would love to have you as a client & student, but only if it’s the right fit. First, check out this free training video here: www.realestateskills.com/training?el=5reasonswhy ^This training is about ~38 minutes that will dive into exactly how our program, mentoring, & coaching works. Our Program isn't just "videos you watch". The Pro Wholesaler VIP Program contains twice-a-week coaching calls where we do screen shares & help you to analyze deals so you can consistently wholesale houses wherever you're located. Once you watch the training, you'll be able to schedule a free one-on-one Strategy Session Call with my team & I to map out the game plan for getting you started & seeing if we're the right fit to work together! Cheers & looking forward to talking soon, Anjanette!

[@tommycash4080]

I have been watching your videos and I must say that they are pretty amazing. The only thing that I am hung up on is being able to generate a cash buyers list without any experience. You basically have to sell yourself to the cash buyers so they will use you. But if you don’t have any experience, what would your selling points be? I’m also unsure of how they would be willing to give up a proof of funds letter to someone who hasn’t brought them any deals. I am highly intrigued about all of this and will continue to watch all of your videos. Thank you!

[@RealEstateSkills]

Hey Tommy - thanks for the comment, my friend! Glad you find them amazing..we put a lot of effort into them! First things first, we ALL started out exactly where you are, so I don't want you to be discouraged. I want to definitely want to prescribe 2 videos we created directly on this topic: Here's a video we made on "How To Find Cash Buyers Online For Wholesale Deals": kzbin.info/www/bejne/j6u6eISAhbCpbMU ^This strategy will help you to increase the volume/quantity of Cash Buyers you're able to find. When we start wholesaling out in the beginning, we have to be able to talk and build relationships with multiple Cash Buyers. We may have to talk to 20-30 potential Cash Buyers to find 3-5 that we really gel with and that want to work with us (this is completely normal)! Once you watch that first video, then watch: "Need More Cash Buyers For Wholesaling Houses? Do This!"" kzbin.info/www/bejne/l6apcmV9ateFe6c ^This video will help turbo charge how you think about Cash Buyers and how to build relationships with them! Most beginner wholesalers don't realize what I cover in this video. Your main selling point is that you're going to get deals under contract that fit your Cash Buyers exact buying criteria (i.e. you're getting the exact deals under contract that they want to buy). This alone is extremely enticing & valuable to any Cash Buyers. Make Cash Buyers aware that you want to be their "#1 deal provider". If you do this correctly, then they'll want to work with you. Just be sure to start submitting offers & getting deals under contract so you can deliver on your promise! You don't have to have any wholesale deals under contract yet in order to provide value to Cash Buyers, or for them to provide you with a Proof of Funds (POF). All you have to do is make Cash Buyers believe in you. And it starts with believing in yourself first! You got this, Tommy! 🏠🚀

[@tommycash4080]

@@RealEstateSkills appreciate the thought out answer man! Thank you. 💪🏻

[@RealEstateSkills]

@@tommycash4080 You got it!

[@RealEstateSkills]

Hey Tommy - since you had a question about the proof of funds, I wanted to let you know we just released a new video on how to get proof of funds letters for wholesaling (free & instantly) here: kzbin.info/www/bejne/iHjHe2CYptp_a6c Hope it helps! Cheers!

[@souljastreet206]

what are the reason a real estate agent might not let you be an actuve assistant so you can utlize the mls

[@RealEstateSkills]

Hey there, StreetGame! There are a few reasons, but one of the biggest is a lack of rapport. This takes time, and don't let this be why you don't start putting offers in. You can use other platforms, such as Redfin! Cheers & Happy Wholesaling, Street Game! 🏘🚀

[@Wassi-pe7wd]

You said that wholesaler should find cash buyers first instead of homes, but how and where do you find cash buyers.

[@RealEstateSkills]

Hey Wassi, yep we recommend finding Cash Buyers first so you can find the exact deals your Cash Buyers want instead of finding random deals they don't want...this way you're working smarter, not harder and will make more money in the process. Here's a recent video we made on How & Where to Find Cash Buyers For Free: kzbin.info/www/bejne/j6u6eISAhbCpbMU Enjoy! P.S. Please shoot us a Subscribe if you want to be notified when our next videos on wholesaling are coming out! 🏘

[@deliveranceotuitatoyo447]

So when you find the cash buyers do we call the cash buyers first or we just do that after we contact the seller and what do we say to this cash buyers on the offer and everything

[@angelalee6690]

For on market deals, won’t I need a proof of funds? I do not have funds. How much is expected usually and how do I obtain?

[@RealEstateSkills]

Hey Angela - Yes, when wholesaling on-market real estate deals with agents you’re going to want to use a proof of funds. I even encourage you to have a proof of funds handy for off-market deals, too. It will help with your credibility, authority, & closing ability as a wholesaler in all departments. It’s okay if you personally do not have the funds. Heck, when I started 10+ years ago I was $30k in school debt and didn’t have the funds either…but I wrote out how to get a proof of funds in the article below. This is exactly how I got started and got my first proof of funds letters. 

Here’s the article on "How To Get a Proof of Funds letter For Wholesaling": www.realestateskills.com/blog/proof-of-funds-letter?el=5reasonswhy

 ^Definitely check that out since the article is all about the Proof of Funds. You’ll learn a lot. To answer your question of: “How much is expected usually & how do I obtain?”

 So, for the dollar amount of the proof of funds you want to make sure that the proof of funds is at or above your offer price. And honestly, it’s better for the proof of funds to have a larger amount than your offer price, so that if the seller counters, then you won’t need to get a new proof of funds when you come up in price. So, for example, if you wanted to offer $200,000 on a property, then your proof of funds would need to have at least $200,000 on it. Once again, I recommend that the amount of money on the proof of funds is higher than your original offer price in case the seller counters your offer, and you have to come up in your offer price. 

For your question of: “How to obtain a Proof of Funds?” 

Check out the article link above and look at the headings that say: “How To Get Proof of Funds From A Cash Buyer Investor” & “How To Get A Proof Of Funds Letter From A Hard Money Lender” - I show you exactly how to get a legitimate proof of funds from those two types of people in the article.

 Hope this help tons, Angela!

 Happy Wholesaling & Crush it! You got this!

[@angelalee6690]

Thank you so much for replying and for the information. I truly appreciate it. ❤️

[@RealEstateSkills]

@@angelalee6690 Absolutely, you are very welcome! That's what we do here at Real Estate Skills! 🙂🏡

[@RealEstateSkills]

Hey Angela Wanted to let you know we just released a new step-by-step video on how to get proof of funds letters for wholesaling (free & instantly) here: kzbin.info/www/bejne/iHjHe2CYptp_a6c ^In the video, how to obtain proof of funds letters even if you don't have the funds yourself! Thought you'd find the video helpful :) Cheers!

[@donkelz1043]

Can you ask your cash buyer what their criteria’s are on your first deal?

[@RealEstateSkills]

Of course, DON KELZ! You should definitely get to know your cash buyers buying criteria before looking for deals in the first place. That way you know what they want to buy and how often. Cheers! 🏠

[@macythao6919]

Do you have to be a realtor to operate on MLS?

[@RealEstateSkills]

Hey Macy - Nope, you do not have to be a realtor to operate on the MLS. You can get assistant access to the MLS as an unlicensed individual! Also, there are many investors that use other realtor's logins to get access, but this requires a pretty close relationship with said realtor. I'm considering making a video on this topic! Be sure to Subscribe if you want to be notified when the vid comes out! :) Cheers & Happy Wholesaling! 🏘🚀

[@RealEstateSkills]

Hey Macy! Wanted to let you know that we just released a video on "How To Get MLS Access WITHOUT A License & Without Being A Realtor" here: kzbin.info/www/bejne/oKKXhZeKo8eXgtk Regarding your last question, this video should answer it in full detail for you! :) Cheers!

[@Georgemoore620]

Hello Macy ❤❤ good Day . How are you doing today 🌹

[@coreyfontenot4220]

I need help with everything damn lol

[@RealEstateSkills]

Hey Corey - at least you're honest amigo! We all need help ESPECIALLY in the beginning! I recommend checking out our free Wholesaling & Flipping Training here: www.realestateskills.com/training?el=5reasonswhy ^This will fill in the cracks and help you get started! Time to crush it!

[@faodino2801]

How exactly do you get a property under contract? Meaning do we have to know how to type up contracts or is there a specific form(s) used?

[@RealEstateSkills]

Hey there, Dino! In most cases, you don't necessarily need to know how to type up the contracts yourself, as you can use a pre-existing contract template or have an attorney or real estate agent prepare one for you. However, it's important to make sure that the contract is legally binding and that it includes all necessary terms and conditions to protect your interests. Cheers & Happy Wholesaling, Dino!

[@GeorgiaMade404706]

As a investor, someone who’s bringing on market deals to me is not of any value. I can have my Realtor comb the MLS for properties that fit my criteria. In my opinion, if you’re not bringing investors off market deals you’re useless! Lol

[@RealEstateSkills]

Hey Tim, we respect your opinion! Most real estate investors we & our clients wholesale deals to do not have an entire acquisition system consistently bringing in 3-10 deals below market value from the MLS. If you're already acquiring multiple deals per month from the MLS in your market, then that's awesome! What we've found is that most real estate investors are not doing this type of volume from the MLS on a monthly basis which is why there are a lot of investors who like working with wholesalers that can consistently put deals under contract in their markets. Thanks for commenting, amigo!