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Real Estate Investing Training Video Wholesale Deal Part 1


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

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  1. localmentor says:

    Overpriced? Your market may be different than mine, but that deal was less than 70%-repairs and my buyer would buy as many of those deals as I could find and have margin to fix and flip it.
    …and yes things get more complicated when buyers try to use traditional bank financing. I wouldn’t even tie up a deal with someone who needed a loan. Rehabers pay cash or hard money or private money and can close in days. This house went from contract to closing table in 2 business days.

  2. Flammingos says:

    We just learned about wholesales and real estate. It is really wonderful but I think you got that house overpriced O.o But I was told when the person who buys the home with a bank loan things get messy, is it true?

  3. LeslieMorinthsa says:

    mind blowing !! Whoah… what a fantabulous movie is this! Actually watched it for free at MOVIEPRINCESS+COM Replace + By . , but gonna watch it in big screen first thing.

  4. misitohi says:

    I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com

  5. sheena801 says:

    BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com

  6. sheena801 says:

    BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com

  7. vibes250 says:

    BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com

  8. vineethpm1 says:

    BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com

  9. praveenthube says:

    I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com

  10. michabella22 says:

    BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at: mshinvestments(.)com

  11. navaneeee says:

    BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com

  12. carrotraisincake says:

    BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com

  13. fluffywalrus100 says:

    BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com

  14. liorohu says:

    Let me try………..

  15. olwen1987 says:

    BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com

  16. Trumpcard3230 says:

    BIRDDOG ALERT: I’m offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That’s $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation if I can sell my building so please try and find me a buyer and I’ll gladly pay you 1% of the purchase price which amounts to 22.5k. Details at: mshinvestments(.)com

  17. localmentor says:

    internet will get you more short sale and terms deals than all cash junkers – 9-1 ballpark stats by my account. far more pretty houses than ugly houses, so learn how to profit on them too and you’ll have a well rounded biz.

  18. localmentor says:

    keep in mind there is no ‘one way’ to get leads. You get one system for lead generation up and running and working, then you start another. For beginners, driving for dollars gets them out from in front of the computer and into the market to learn what areas look like, sell for, etc…all while getting leads. Ugly and vacant is obvious to any untrained eye and a great way to start – at some point you can outsource that and move on to other, multiple leads gen strategies.

  19. walisantana says:

    Mike I have a question for,you thing will be better to find the homes trough the internet or driving around,and what will be best,comunicate with the real state agent or with the owner?

  20. telemanque says:

    omg, you got money to invest?where are you? trying to put some deal$ together?down market= candy jar

  21. thinkofsomethincleva says:

    Thank you for helping people learn.

  22. GypsyKing7 says:

    MIchael Jake , Is the Man! Thank You!

  23. cynthia1984ful says:

    good advise

  24. ThePistolTingenTeam says:

    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.

  25. AIMANALI says:

    i am an investor….people listen to this guy …one of the few that is offering practical advise.

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