How To Wholesale Real Estate - Step by Step - 2019
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- čas přidán 26. 03. 2018
- How To Wholesale Real Estate - Step by Step - 2019
To learn more Visit jaymorrisonacademy.com/wholes... or Call 1-844-JOIN-JMA to Receive Your FREE Financial Game-Plan(Mon-Sat 9am-6pm EST)
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I appreciate all you do for your students and the community. Great work! Thank you, bro.
SMDH. Starts at the15:00 mark
Thank you for the knowledge it helped me a lot on my next movement on buying a home
Thank you for your KNOWLEDGE KING J
as always, straight game, no chaser. Thanks King
That's one good hearted Brotha. Great info
salute KING .. game spitter!!!
This really inspired me Jm! I've never met you but I love you for providing this game! Hope the creator keep blessing you brother!
Im absolutely broke, and an entrepreneur ...I will be paying for this class. I need to get into real estate in this way...been interested for years, but it wasnt clear so hopefully this will help.
I love you Bro!!! Im gonna meet you one day, and show you how much you changed my life. Thank you !
Always helpful content. Much Love.
It was worth the "wait"
Good shit bro lol. Thanks ✊🏿
Thank you for explaining this in a way I can understand.... my new goal is to get incorporated and get to work.... again thank you
Great video! I love seeing a video that teaches what we do on a daily basis! This is a great industry to be in especially not using your own money! I have been very successful in wholesaling and love what I do. Keep teaching others!
Joke
Toya Flipping Houses can you mentor me on WHOLESALING?!?!? Please
All jewels in this video. Thx for educating the fam big bro ✊🏿
Awesome video. By far one of the best I've seen.
Awesome information, I love your delivery so direct and very passionate.
fast forward to 10:29 geeesh
Thank you. Smh
God Bless you, Queen....
Much Appreciation Jay!!! :)
Thanks for the game Big Dog!
💎 after 💎 keep dropping
Love you ahk and thanks for the info✊
Thanks big homie!
Definition of a real nigga fr. Man if you ever get the time to come to Beaumont Texas, please do. I’m going to be the first person there. You can change lives with this stuff bro. 💪🏽💯👍🏽
Ppl saying he didn't say anything he gave away a lot of game for free look google Mark Whitten he teaches real estate wholesaling for 20 dollars a month 7 week course Mark and Jay did a webinar together
U serious? $20 a month?
@@tiffianyherring5645 yes 20 dollars a month google Mark Whiten and you see his Breakfast Club interview and you see a link to his site. He doesn't give you the contracts though for your deals
TheMr2face where's he located. is it online courses?
Pls share that link.
How did you structure you business? LLC? How have you maximized tax benefits?
Nice video. I'm a newbie wholesaler. I started learning through Rich Dad Education a year ago, and use other resources now. Everything Jay said is correct about wholesaling. He broke it down into steps and into laymen's terms so that beginners can at least grasp the concept.
I am new to the Rich Dad education. I feel lost. I want to become more comfortable with wholesaling but I feel I'm missing some tools to be successful. Any Tips??
Great video SALUTES!!!
he killing it. im really about to come up
Can you please reach out to Dr Umar and help that man purchase a school.
LMMFAOOOOOOOOOOO
😂😂😂😂😂
Advercity Ent hahahaha god one...but more than likely umar will blow the money on hookers and smack
Not sure if you meant this as a joke.
But the crux of Umar's problem is finding a viable property, and funding. He could stand to have some "experts" to help advise him through the process.
I have no idea where the Joke in this comment is. I agree with you @Advercity Ent
I freaking love you man. Looking forward to doing business with you
Boss!! Respect!
Always dropping jewels
Awesomeness.
How do watch 'Wholesale Madness' if we missed the original stream?
Thanks
That wholesale madness reference 🔥
Smart REI Sales Niche for the NEW RICH...
Jay you're leaving money on the table with wholesaling. We get paid twice on one property. We negotiate to sale the property with the buyer after ARV. The buyer assign the property back to us after repairs and we sale the property Fast with a Niche can make You Rich....Get paid 2 times on one property. Fast Track To Wealth...
Cool content as usual.
Great teaching
You helped another person today king ✊🏿
Awesome information.
👌 Thank you
newer to wholesaling and don’t know if this a silly question but when meeting with a motivated seller and signing a contract/agreement;) do I need to bring x2 agreements and have seller sign x2 and leave him x1 or do I just have seller sign x1 and take it with me? Any advice is much appreciated, thank you 🙏
After I get the property under contract, can I start marketing it right then and there?
Appreciate it bro✊✌💪
so where do you go get the language, terms, and contract template from for free like the 0 down plan..is the knowledge free as well?
Jay,
You are on it, looking forward to working with you soon! 🙌🏾👍🏾
Dope
Damn i feel late to class.. who else is watching in 2019?
Me
Hi Jay... Question... Is any of your programs available in the NORTH... (Canada) Example: EZ Funding etc.
Shouts out to Jay but my 2 hangups I had was: 1) the real estate expert didn't mention that I needed a certain percentage of funds down of the accepted price from the bank for wholesaling a REO. I got to the point ready to make my offer and my REO agent said where's your down payment@? I was sooo humiliated and discouraged. I told her the truth that I didn't have any cash and was going to back out of deal. No feeling like not being informed/warned AHEAD of time of what's coming down the pipe. 2) I bought a motivated sellers list from USleads List for like $1.50/name for a total of $500+ plus my mailing stamps cost. That list DIDN'T HAVE NOT 1 MOTIVATED SELLER. I was sooo discouraged and pissed. But anyway thanks to Jay for informing you upfront so you won't be in the dark like me.
OMG! have you had any sucess since then??? I didn't know about the down payment either but found out because people kept talking about it and some one explained thoroughly to me.
So I started educating myself 5 days or so ago about this. So Everyone says don't have analytical paralysis.. so I simply just started to see if I could locate a potential deal. Just wanted to get familiar with that part.
Then I end up replying to shit on Craigslist.
I got 3 sellers on the table telling me to send over my offer. They like it!!!.
Now I'm trying to get the right contract.
Just want to say thanks for what you do MR. JAY MORRISON
My first deal I'm taking some of that an buy shares to #TREF for sure and more educational content you have.
Wish me luck?
Anybody wanna co-op this with me. I'm in ATL?
Good afternoon mr.jay is there a number I can contact you at or an email you at
Hey Mr. Jab McFly do you have an email or instagram or something you can be reached at? Im in ATL as well and also an investor. my email is shawntaepayne21@gmail.com
Yes
jabariellison@yahoo.com
jabariellison.je@gmail.com
So any updates? How did it go?
There is more smoke than fire in his teachings
For some reason your website is NOT loading. Check it out.
Can you be backed doored by the RWA?
Do you guys know any real estate wholesale attorney in NYC?
is this part of the RBC course offer the jma site?
17:35 - 17:58 terrific.
If Umar got the right team and advisors he could make his vision come to fruition. Maybe he could also reach out to Puffy for advice, he opened Capital Preparatory Harlem Charter School.
Present!
Can You Do A Video On Why You Are A Agent As Well ? And Should You Become An Agent And An Investor? Did You Become An Agent First ?
ChiG. Battle he became an agent because he was moving a lot of real estate but paying someone else to list & sell those properties. If you are an agent you can sell & list yourself and make the money! Sometimes you can make double commission on your sale.
Goals.
Do you have a purchase agreement we can use or directions on creating one? Bless
Equity RI Thanks
Thank you
im a beginner and really trying to understand how it work, thats my only way to pull out my family from debts, can you be my mentor!!, im fully in and ready to learn 100%
always got game in ya back pocket
Will you cover wholesaling tax liens/deeds?
What if the property is owned by the bank or in foreclosure already?
short sale.
Are u an real estate broker or real estate investing because those are 2 different things
after I get a purchase agreement , how long is it good for and what if I can't sell the property to a buyer, am I obligated to purchase it myself?
no. also you create the length
I enjoy ur videos and learned a lot n look forward to finding a way to get out the streets
Question: Would you have to put up a certain amount of money as the wholesaler to get the purchase rights of the property from the owner?
Not really. You just need to put a small amount of deposit money down like 10 or 20 dollars or whatever they will do. You get it back when you close.
Can you give some addresses of these deals that you completed for the proof?
@Eiram What didn't you understand?
Ok wait... so how am i getting property from the person who owned the home? I missing a link that supposed to make it click. So if the owner is delinquent on the property... how am i getting in my possession to present to investors?
By a contract to buy it from them. You must put in the contract that it can be assigned. Once signed, find a buyer. Sell it to him for more than the agreed price with the seller. The buyer will find a title company. Get paid the difference at the closing table. Rinse and repeat.
Excellent video!! For the next video, can you break down how to determine your Wholesale Assignment fee and how do you explain to the seller that you plan on profiting in this deal as well?
misunderstoodkj rite on this page videos to ur right u should see a JM video "How To Know What Fee To Charge Investors When Wholesaling a Property" also check out Kris Haskins & Max Maxwell they r great instructors, have plenty of content on CZcams and r very successful real estate investors. All the best!
Always be honest with the seller. As long as your solving their problem, they will not mind what you do with the property
Marcus Douglas Thanks
WiRE Coaching Thanks
I would mind. If I sold my property to you for $25,000 and you found a buyer for $30,000, i'm going to feel some type of way and would want that $30,000 for myself. To avoid those feelings from a seller, I would pay the extra money and do a double closing.
When is he going back on break fast club
Hello are you in NY
So can you buy a new home and wholesale it? If a home usually 150k can I sell it for 100k??
Jalyn Thomas when wholesaling a house you have to run the numbers to be sure that it is a right fit for you and the buyer that will buy your contract. By running numbers means comparing houses that are the same as the one That your trying to wholesale. Won’t make sense to ask buyers that you have a contract for 100,000 when other houses around are selling for 90k and less. Understand?
It sounds like ur describing the responsibilties of a realtor how is it different
Chris Jackson no realtor fees, closing costs, and others fees that realtor add in at the last minute. Sellers waste more money with realtors then when wholesaling. Again, the numbers must make sense or in this video CENTS.
Can you wholesale a property from a realtor? Example “realtor brings me a deal before he lists it on the mls”, can I put it under contract and assign it to a cash buyer?
Tint Time as long as the realtor understands that you are taking the property and going to talk to the seller. However the realtor can still post it on mls
SuperJSi what is seller is a bank and the listing is reo
Tint Time seller is the person who is selling the house.. the homeowner.
SuperJSi I’m only interested in reo listings from realtor
SuperJSi or sorry I mean pre listings, before the agent lists he gives me 1st chance
Do you feel wholesalers can get new homes under contract and wholesale them? Or should they all be ugly homes..
Straigth up
looooonnnnngggggg me, my self and I.
need a team
how about you RWA with no knowledge of real estate wholesaling?
Mr. Morrison..bro I respect your accomplishments. I emailed you at the academy email because I have a unique problem and need some direction. It's a lot on the line. How can u be contacted directly. I never got a response except for a bunch of emails promoting your company.
Dre Boogie has he answered yet?
Nah..fuk him. I started my own company. Ill thank him one day for ignoring me.
does he show how to get the arv.
mar jn you can get that by comparison of the other houses that sold in that area with the same qualities as the house being sold. If the general area is ... 80k... and u have a seller that wants to sell the property for 40k, ... you pick up the contract and sell to the buyer for 50K or more then after the buyer makes the updates , he/she should sell for 80k and which profits 30k. You get paid the difference from 40k and 50k... which is 10k in ur pocket. Or more.
SuperJSi thanks!
💪💪
Peace&blessings...
King j-care...may creator keep guiding him&protecting him by the millisecounds!!! You that Ni9a.h a d2s a y ,I t.✌
I need to know how to find "Buyers"
Craigslist, marketplace on fb. Finding buyers really isn't the hard part. If it's a deal someone will buy it. My problem is finding motivated sellers. Do you use bandit signs?
Sunday newspaper go to the rental section and say hello is ... I'm a investor and what I is find property well below market value and sell th to investors like to either rent them out or fix them up for profit. I want to build business relationship with you give your name and email
You can also go to auctions not to buy but to network and find buyers... hope this help!
You can pay for buyers list. Facebook real estate investor groups
Your fee is your profit?
Yes
How does someone like myself who doesn’t have a business already in motion. I’m new to this and have only done research thus far, I plan on getting into wholesaling heavy but I notice guys always talk about the basics but my questions are, how do I create a contract? Who validated the contract who do I take the contract to once I find a motivated seller and what’s the spill when I’m talking to a seller and they say whoa your kinda young what do you do for a living ?what are the questions sellers ask you and how do you answer them when you are COMPLETELY NEW to this ?
The flipman on youtube has a free one page contract he will send you. It is legal. Just fill it out with seller. Use another one for your buyer. Title company will take care of the rest.
GET STRAIGHT TO IT.
For everyone who told me where to start the video thanks. Hearing him brag about his accolades made my stomach turn.
Why does it hurt you to hear about another person's success? Fix your heart.
Makes perfect $Cents$!
I can't believe I watched this whole thing, nothing and I mean nothing was said, get directly to the point, this only explained what wholesale is pretty much
dunwood12 seems like a big ad to direct people to his school.. the beginning was good for people who know nothing about wholesaling whatsoever...
That's true but it irritated me more than it should've not because I need to know myself but because I direct ppl to check things and ppl like this out and I look bad when it's a bit of a sham (click bait title) also another person in this lane ACTUALLY was giving "free game" really for no reason other then they were moved to do so very recently on a major platform and coincidentally this one gets made. Oh well
Very true, I try and watch things before I sent things. I was so close to sending this one out until I kept watching it. Was kind of hoping for a Gary Vee kind of guy. Giving out info knowing %99 of people won’t use it anyway.
Rcae I think it’s great for beginners if you actually take the class. As a CZcams video there’s not much info there but that’s not the intention here. The intention is to peak interest then find out the rest at the class. I get it, I hope it goes well and everyone wins at the end.
dunwood12 I peeped that as well... smh
Golden rules the end always have to justify the means.
free money if you can explain yourself
C'mon bro get a video editor lol
Is this the guy that boycotted Houston's because they wouldn't sit them?