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All Forum Posts by: Jose Flores

Jose Flores has started 7 posts and replied 220 times.

Post: Newbie looking for advice on where to start

Jose FloresPosted
  • Real Estate Investor
  • Buffalo, NY
  • Posts 227
  • Votes 318

Hey @Jalen Calvin Here are a few suggestions to get you thinking. First, learn the process which could be explained in these simple steps:

Step 1: Market to motivated sellers

Step 2: Sign purchase contract with the seller

Step 3: Find cash buyer

Step 4: Sign contract with cash buyer for a higher price and collect 2k deposit

Step5: Close Transaction via Assignment or Double Closing and Collect your check

Second, learn has much as possible about the 5 skills needed to be a Pro at wholesaling. They are marketing; estimating repairs; contracting; appraisals; and negotiating.

Last, spend 80% of your time marketing.

Hope this helps. Good luck.

Post: How do I pay back investors

Jose FloresPosted
  • Real Estate Investor
  • Buffalo, NY
  • Posts 227
  • Votes 318

Following 

Post: How long to close first deal

Jose FloresPosted
  • Real Estate Investor
  • Buffalo, NY
  • Posts 227
  • Votes 318

Hey @Matt Hatton 3 weeks.  I spent 80% of my time marketing and 20% of my time learning the five skills needed to be a Pro at Wholesaling.  They are Marketing; Estimating Rehab Cost; Contracting; Appraisals; and Negotiation.  Be obsessed or be average.  Good luck.  

Post: How to get deed title to house

Jose FloresPosted
  • Real Estate Investor
  • Buffalo, NY
  • Posts 227
  • Votes 318

Hey @Kevin Brandon you can get a copy of the deed from public records.  In my town it’s called the Eire County Clerks Office.  It’s downtown and they have open computer to search owners and print copies of the deed.  I would google “how to record a deed in your city”.  That may help.  Also, an attorney could answer that question.   The most important thing for you is to get the house under contract.  Then start marketing it to cash buyers.  Good luck.  

Post: What are the essentials for wholesaling?

Jose FloresPosted
  • Real Estate Investor
  • Buffalo, NY
  • Posts 227
  • Votes 318

Hey @Adrian Tillman Here are a few suggestions to get you thinking. First, learn the process which could be explained in these simple steps:

Step 1: Market to motivated sellers

Step 2: Sign purchase contract with the seller

Step 3: Find cash buyer

Step 4: Sign contract with cash buyer for a higher price and collect 2k deposit

Step5: Close Transaction via Assignment or Double Closing and Collect your check

Second, learn has much as possible about the 5 skills needed to be a Pro at wholesaling. They are marketing; estimating repairs; contracting; appraisals; and negotiating.

Last, spend 80% of your time marketing.

Hope this helps. Good luck. 

Post: Wholesale beginner step by step

Jose FloresPosted
  • Real Estate Investor
  • Buffalo, NY
  • Posts 227
  • Votes 318

Hey @Kasey Gillis Here are a few suggestions to get you thinking. First, learn the process which could be explained in these simple steps:

Step 1: Market to motivated sellers

Step 2: Sign purchase contract with the seller

Step 3: Find cash buyer

Step 4: Sign contract with cash buyer for a higher price and collect 2k deposit

Step5: Close Transaction via Assignment or Double Closing and Collect your check

Second, learn has much as possible about the 5 skills needed to be a Pro at wholesaling. They are marketing; estimating repairs; contracting; appraisals; and negotiating.

Last, spend 80% of your time marketing.

Hope this helps. Good luck. 

Post: Wholesaling In Nashville Tn

Jose FloresPosted
  • Real Estate Investor
  • Buffalo, NY
  • Posts 227
  • Votes 318

Hey @Laguan Johnson Here are a few suggestions to get you thinking. First, learn the process which could be explained in these simple steps:

Step 1: Market to motivated sellers

Step 2: Sign purchase contract with the seller

Step 3: Find cash buyer

Step 4: Sign contract with cash buyer for a higher price and collect 2k deposit

Step5: Close Transaction via Assignment or Double Closing and Collect your check

Second, learn has much as possible about the 5 skills needed to be a Pro at wholesaling. They are marketing; estimating repairs; contracting; appraisals; and negotiating.

Last, spend 80% of your time marketing.

Hope this helps. Good luck. 

Post: First time wholesalers Any suggestions?

Jose FloresPosted
  • Real Estate Investor
  • Buffalo, NY
  • Posts 227
  • Votes 318

Hey @John Ensley Here are a few suggestions to get you thinking. First, learn the process which could be explained in these simple steps:

Step 1: Market to motivated sellers

Step 2: Sign purchase contract with the seller

Step 3: Find cash buyer

Step 4: Sign contract with cash buyer for a higher price and collect 2k deposit

Step5: Close Transaction via Assignment or Double Closing and Collect your check

Second, learn has much as possible about the 5 skills needed to be a Pro at wholesaling. They are marketing; estimating repairs; contracting; appraisals; and negotiating.

Last, spend 80% of your time marketing.

Hope this helps. Good luck. 

Post: Equity percentage in a wholesale deal?

Jose FloresPosted
  • Real Estate Investor
  • Buffalo, NY
  • Posts 227
  • Votes 318

Hey @Troy T Perry . I recommend you search the 70% rule and read those explanations. Also check out the article below. Hope this helps.

70% Rule Article

https://www.biggerpockets.com/renewsblog/2014/02/14/70-rule-bible/

Post: Young Wholesaler Just Starting, 21 years old looking for help

Jose FloresPosted
  • Real Estate Investor
  • Buffalo, NY
  • Posts 227
  • Votes 318

Hey @LeRon Fogle Jr  I would spent 80% of your time marketing to motivated sellers.  Then the rest of your time I would start thinking about the systems and scripts that you will use as calls start coming in. For example I have a phone script; a negotiations script; a checklist to prepare for my appointment to view the house; a checklist to estimate rehab costs that I bring with me to my appointments; and a comparable analysis sheet to share with the owner. This is just a few examples to give you some ideas. Getting great deals is the result of preparation. Have every step you walk the home owner through calculated. This will increase your confidence and make you seem very professional. Hope this helps.