I've made 50k in the last week flipping real estate with no money down.

[dj-method-x]

Most important thing when doing this shyt is having investors already on deck ready to buy once you get contract. If not, that shyt ain’t making a lot of sense. I have a real estate company but I don’t fukk with this shyt. But I’ve seen some people do pretty well with this

Link with me bruh. I know you in ATL.

 

[dj-method-x]

So this is the equivalent of being a penny stocker like in Wolf of Wall Street

Flipping 300k homes selling penny stocks

One of these is not like the other.

 

[dj-method-x]

Is there some kind of step by step material / guidance u can recommend .. that is easily understood.

Youtube University. Just start on youtube man. After you get familiar with everything. I suggest getting a mentor, even if you have to pay for one. Look up Chris Jefferson. I am a part of his mastermind/mentorship group. 100 bucks a month but it's well worth it. Other mastermind groups can cost upwards to 20k a year! Chris is one of the best and there's hundreds of people in the group getting to the bag, a lot of them have just started but we all help each other out. Tell him D from Atlanta sent you.

 

[dj-method-x]

Im sorry but something doesnt add up. Not saying youre lying but think youre leaving certain details out. None of my business though. Just looking to make quiet money for the long term. Dont know where to start but feel free to suggest a starting point

last post.

 

[dj-method-x]

How long did it take you to close on your very first deal from the time you spent finding a seller to picking up the check? How many hours of the day do you devote to this?

I spent damn near a year researching how to do this stuff. Analysis paralysis. When I started I got a couple of deals through referrals from family and friends. I didn't start marketing to people I didn't know until this year. I got my first deal my first week cold calling. Locked it up and had a buyer the next day. Typically takes 2 weeks or so to close and get your money. But what happened to me is not the norm. It takes most people around 90 days to do their first deal, and I know people who worked for 6 months to a year before they got their first deal. It took my mentor 2 years to get his first deal.

 

[dj-method-x]

Was gonna start wholesaling in the tristate but I move to FL in a few months, gonna start when I get there. Good shyt op. What state you in?

GA

This happens a lot. If I'm a flipper, and a wholesaler sends me a property he has under contract, I can go around him and try to contact the seller myself. The wholesaler can try to sue the seller for not honoring the agreement, but if there was no earnest money given to the seller from the wholesaler, the judge will throw the case out. You gotta work with investors you trust who value what you bring to the table. Real estate is a dirty game full of crooked people.

You can do this, but as a flipper having a source of deals is one of the most important things. fukk over a wholesaler like this, we'll put you on a black list and blast your name out there to every wholesaler in the state. Good luck with your flip business after that.



I also ALWAYS put earnest money down. But then again, I always get double the earnest money I have to give to the seller from the cash buyer who's EMD's are non refundable to me.

Good for you breh . You wholesaling? I've been soaking up game from The Flipman, Khang, Noelle Randall, and Jerry Norton. Been making every excuse in the book for not jumping off the porch but I gotta take action soon. And yes you can buy property no money down. No money down just means you don't use YOUR money. It happens all the time.

Exactly. Check out Brent Daniels, Chris Jefferson, and Flip With Rick on youtube as well.

It’s someone on my fb that does this

how did you start?

Youtube University and reading every real estate book I can find. Biggerpockets.com and their forums are a great resource too.

What happens if you can’t find someone to assign the contract to

Not finding a buyer is all about not marketing the property at the right price. Sometimes you may have to take a less assignment fee to make the price better for an investor. If you can't do that then:

"Mr. Seller during the inspection I saw that the (insert some issue here) which means the renovation costs more than we thought. It's going to cost me an addition $X. Is there any way we can negotiate a fair price reduction? If not I'm going to have to execute the inspection clause in our contract and walk away from this deal."

That's illegal but good luck.

Never in the United States of America will assigning contracts be illegal.

Man I’ve been pump-faking on wholesaling for the last 4 years. Just watching videos and googling… I haven’t attempted to progress.

Just do it man. You have nothing to lose but time and everything to gain. Just press play and take action.

i 1st learned about wholesaling about a yr ago from mark whitten (already posted his interview in here) and was like . I want to get into to build up income so I can do more buy and holds.

More recently i started to shift more time into finding that first deal...Finding deals in NY is kind of tough (if someone here does please lets chat) so im looking more so to virtual wholesaling outta state

I kinda reverse engineer already flipped/bought houses to find buyers...i just need that first deal to jump off the porch and get into the game

First deal is always the hardest one

OP you probably one of them clowns texting me for my crib. Feds need to make that texting mess illegal.

Sorry breh.

bought the right to sell the house for $1 im guessing

then flip the contract to a cash home buyer for a nice profit

Almost right. Bought the right to sell the house for $0

 

[MMS]

Almost right. Bought the right to sell the house for $0

ive got a friend who does exactly that

cherry picks the ones he wants to move on and then pass the others to other cash home buyers on a farmed list (LinkedIn)

 

[FlexPavilion]

GA



You can do this, but as a flipper having a source of deals is one of the most important things. fukk over a wholesaler like this, we'll put you on a black list and blast your name out there to every wholesaler in the state. Good luck with your flip business after that.



I also ALWAYS put earnest money down. But then again, I always get double the earnest money I have to give to the seller from the cash buyer who's EMD's are non refundable to me.

A real estate crook can still snatch a deal from you and you'd never know it was them. They can just pretend they're not interested in the deal, contact the seller behind your back, and assign it to one of their homies. They'll pounce on the deal and it'll be gone before you realize you got got. I feel like it's happened to me before, but like I said, there's no way I can prove it or know who did me dirty. A way to avoid this, I guess, is to only show your deals to big companies and investors who you know for a fact have integrity.

 

[dj-method-x]

A real estate crook can still snatch a deal from you and you'd never know it was them. They can just pretend they're not interested in the deal, contact the seller behind your back, and assign it to one of their homies. They'll pounce on the deal and it'll be gone before you realize you got got. I feel like it's happened to me before, but like I said, there's no way I can prove it or know who did me dirty. A way to avoid this, I guess, is to only show your deals to big companies and investors who you know for a fact have integrity.

Yeah that's what I normally do. If I'm really worried about it I'll do a memorandum on the property. That clouds the title and no one else can buy it. If they want to buy it they'll have to pay me to drop the memorandum.

 

[Stone Cold]

 

[Atlrocafella]

Currently have 4 houses under contract as we speak, total value north of half a million.

Got some time until the afternoon. Ask me anything. Each one teach one.

Did you learn this from Tony the Closer and his Rona proof class?

 

[NatiboyB]

Isn’t this like the people who put up the signs around the neighborhood saying they will buy any house just call this number?

 

[Frida Giezman]

Another question

I don’t know shyt about real estate so forgive me for asking but if you’re going to purchase a property wouldn’t you have to show the seller that you actually have the money to buy it, ie, you’ve been approve for a mortgage for x amount

 

[Clayton Endicott]

Man I’ve been pump-faking on wholesaling for the last 4 years. Just watching videos and googling… I haven’t attempted to progress.

Man I ain't even gonna tell you how long I've been pump faking in RE investing despite the knowledge of acquired over the years .

 

[dj-method-x]

Did you learn this from Tony the Closer and his Rona proof class?

Nope. I didn't even realize Tony the Closer was a wholesaler until I was already in the game.