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PostPosted: Thu Aug 17, 2017 11:36 am 
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Joined: Wed Mar 29, 2006 5:04 pm
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WHOLESALE Real Estate
SECRETS from EXPERTS
with
PROVEN Track Record

By Navtaj Chandhoke


Professional real estate wholesaler contracts
with a desperate panic home seller,

put property under contract at deep discounted price
usually 35-80% of its current market value

Assign (FLIP) the property to
Professional real estate cash buyers,
for assignment (FLIP) fee

A typical real estate wholesaling real life example

Professional real estate wholesaler has a house
under contract from panic DESPERATE seller
for $55,000 that he estimates needs $5,000 in repairs.

After repair value (ARV) the property will be worth
$100,000 once the repairs are made.


Professional real estate wholesaler finds
Professional real estate CASH BUYER
investor (buyer) for $60,000.

Professional real estate wholesaler assigns (FLIP)
Professional real estate CASH BUYER
who then has a profitable fixer-upper project,
Professional real estate CASH BUYER
made a $5,000.00 profit
without putting a single cent in the deal


How much money can you make wholesaling?

You can easily make $5,000 to$10,000 in profits
per wholesale deal.

As a wholesaler you will also see many properties
where you only make $3,000 or $5,000 per deal.
Either way that is a lot of money if you are flipping 5 or 10 houses

Real Estate wholesale deals can cover the entire cost of your
real estate coaching. If you would like to learn
how to wholesale bank owned properties
or rehab and fix and flip bank owned properties then
you will find our coaching programs
to be an invaluable aid to help shorten your learning curve.
Please visit the following link to learn more about
our coaching programs that are available.

http://www.flipping4profit.ca/canadian-real-estate-investment-coaching/


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PostPosted: Thu Aug 17, 2017 12:04 pm 
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Joined: Wed Mar 29, 2006 5:04 pm
Posts: 4134
WHOLESALE Real Estate SECRETS from EXPERTS with PROVEN Records

Why Homeowners sell their homes for less

Desperate panic home sellers sell for CASH
to Professional real estate wholesalers
because they
have to sell not because they want to sell.

Buy from panic home sellers that have to sell.
panic home sellers that have to sell are desperate.

Panic home sellers will take whatever offer
they can get as long as it is cash.

Desperate panic home sellers have to sell
and they have to sell immediately.

The panic home sellers don’t
have the luxury of listing their property
with a realtor and waiting for a full price retail offer.

Here are few reasons of DESPERATE panic home sellers;

Death
Disease
Drugs
Sick
Disability
Power of Sale
Foreclosure

Divorce
Failed real estate investor
Job relocation
Disgruntled landlord
Probate
Bankruptcy
Loss of a job

Economy
Recession
Speculators

Going to jail

Seizure
Pay taxes off

Making payment on more than one house
Damaged properties

Next of Kin selling

Foreign owners

Property needs REPAIR

and thousand and one more reasons.

Learn more by attending LIVE training at
www.Flipping4Profit.ca


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PostPosted: Thu Aug 17, 2017 12:12 pm 
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Joined: Wed Mar 29, 2006 5:04 pm
Posts: 4134
WHOLESALE Real Estate SECRETS from EXPERTS with PROVEN Records

Writ of Seizure (possession) Foreclosure


When a panic homeowner facing foreclosure is in complete denial
and then waits until two weeks
before the scheduled court date to sell their property
to a cash investor then they become a desperate
home sellers.

They do not have the luxury of time.
If they don’t sell their house to a cash investor they
will probably get nothing from the sale at the
foreclosure auction and will have to move out of the
home immediately.

They will also have permanently damaged their credit. If a
Professional real estate investor were to offer them

Some cash
First and last month rent
a moving truck,
a little moving expense money
30 days to find a new place to rent
Helping to downsize


Avoid

Eviction
Embarrasment
Ruin credit


they would be in a much better situation and their credit would not be ruined by a foreclosure.


This is an example of a desperate panic home seller that has to sell now.
Learn more at www.Flipping4Profit.ca


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PostPosted: Thu Aug 17, 2017 2:14 pm 
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Joined: Wed Mar 29, 2006 5:04 pm
Posts: 4134
WHOLESALE Real Estate SECRETS from EXPERTS with PROVEN Records

Professional real estate wholesalers must become
familiar with terms and start building their team to start their
business.

There are key components for each real estate deal.
Here are the basic information.


Real Estate (Deep Discounted Property Finder) Wholesaler

Wholesaling requires no cash
Wholesaling requires proper coaching and training
Wholesaling requires team of experts
Wholesaling requires no become member of REI Clubs
Wholesaling requires hard work
Wholesaling requires people skill
Wholesaling requires marketing on steroids
Wholesaling requires connecting with professional real estate cash buyers
Wholesaling requires excellent relationship with Realtors
Wholesaling requires no experience
Wholesaling requires no credit
You can’t lose money wholesaling
Wholesaling is the easiest way to make MONEY..



Bird Dog| Deal Locators | Property Souts


Being a bird dog means working for a Professional real estate
cash investor and finding deals for them. Bird dogs are also
called property scouts or deal locaters.

The job of a bird dog is very simple.
They spend all of their time looking for wholesale
deals that are below market value.
When they find a super panic desperate home seller that fits their investors buying
criteria they bring it to their Professional real estate
cash investor.

When the Professional real estate cash investor buys
the house then the bird dog gets paid. Bird dogs
can make anywhere from $500 to $1,000 per deal.


A comparative market analysis (CMA) is an evaluation of similar,
recently sold homes (called comparable.
comparables. Homes of similar size, condition, age, and style
that recently sold in a certain neighborhood; often used
in a comparative market analysis or appraisal to help
determine the fair market value

The price a home will sell for when fully fixed up is called
the After Repair Value (ARV). The ARV represents the best retail
value of the house, and is calculated using home comparable.


What is an assignment (FLIP) contract

An assignment is a sales transaction where the original buyer of a property
(the “assignor”) allows another buyer (the “assignee”) to take over
the buyer’s rights and obligations of the Agreement of Purchase and Sale,
the original buyer closes on the property (that is, where they take possession
of the property). The assignee is the one who ultimately completes the deal with the seller.

In other words, an assignment clause allows the buyer of a
home to sell the place before they take possession of it.

[b]
Are assignments legal and why do they happen?


When done properly, assignments are legal and can
be a useful tool for buyers and sellers.

An example of this would be a situation where a buyer’s financial
or personal situation changes before closing.
Assigning allows them to pass along the contract
to another buyer, without backing out of the deal with the seller.

Assignment Option Clause

Where the buyer wishes to have an express right to assign the contract
to any third party, you should ensure they strike the default clauses
from the Contract of Purchase and Sale (if the standard contract
form is used) and consider using the following clause in the contract:

Assignment Option Clause

The Buyer reserves the right to assign this contract in whole
or in part to any third party without further notice to the Seller;
said assignment not to relieve the Buyer from his or her obligation
to complete the terms and conditions of this contract should the assignee default.


Assignment Fee The assignment fee compensates the assignor for
the rights he is giving up in the agreement.


Professional Real Estate CASH Buyers/Investors


A Wholesale buyers list is essentially a pool of potential talent with an array
of hungry professional Real Estate CASH Buyers/Investors
who are looking for their next deal.

Real estate wholesalers (Deep Discounted Property Finder) are
the middleman that provide the deals to
professional Real Estate CASH Buyers/Investors are looking for.

Learn more at www.Flipping4Profit.ca


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PostPosted: Sat Aug 19, 2017 8:20 pm 
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Joined: Wed Mar 29, 2006 5:04 pm
Posts: 4134
WHOLESALE real estate SECRETS from EXPERTS with PROVEN RECORD

To be good at wholesaling real estate deals, you need to learn and continue develop following :

Knowing the math behind a good flip
Knowing the math behind a good rental
Excellent relationship with Realtors, Lawyers etc.
Must become a member of Professional real estate investors group (PREIG) Canada member
Talking with motivated home owners in distressed situations
Solution oriented
Problem solver
Cool and Calm
Empathetic
Negotiating without taking advantage of people
Marketing for leads that cost less than the marketing does
Answering the phone personally
People SKILL
Finding DEEP DISCOUNTED deals
Estimating the after repair value (ARV)
Estimating rehab costs (minimum 3 estimates in writing)
Estimating potential rents (Fact based)
Integrity

One of the most important aspect to learn from the EXPERTS with PROVEN RECORD.


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PostPosted: Sat Aug 19, 2017 8:51 pm 
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Joined: Wed Mar 29, 2006 5:04 pm
Posts: 4134
WHOLESALE real estate SECRETS from EXPERTS with PROVEN RECORD

Conversation with DESPERATE PANIC Home Seller

1. Be a great listener and listen very carefully.
They will be providing you lot of insightful info.
The more they talk the more beans they spill
Ask the same question from husband and wife
separately.You can be in for a shock.
Kids always tell the truth


2.Tell me DESPERATE PANIC Home Seller,
what’s happening in your life to make you
want to sell your property?
(We need to know WHY? )

3.So let me ask you this...when do you want the CASH?
And if I were to make you an all-cash offer on your property
here today...are you able to wait the traditional 60-90 days to receive
your cash, or would you like it in your pocket as fast as 15 days?
(This tells me their “level” of motivation
(We need to the URGENCY for the CASH)

4. So let me ask you this...what do you plan on doing with the
CASH?

( “what” are they going to do with the money)

These FOUR powerful questions are very IMPORTANT
to determine the DESPERATION LEVEL.


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PostPosted: Mon Aug 21, 2017 12:07 pm 
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Joined: Wed Mar 29, 2006 5:04 pm
Posts: 4134
Determine Wholesale Price
WHOLESALE Real Estate SECRETS from EXPERTS with PROVEN Records

Most critical part of wholesaling is to determine the
current market value of the subject property.
There are several ways to determine that

1. Comparative Market Analysis (CMA) obtained from local Realtor
2. Property TAX bill
3. Assessment value of the property
4. Current Appraisal
a) "as is" value
b) After repair value (ARV)

BE CAREFUL: the condition of the property will also reflect the value.

It all starts with with the ARV, or After Repair Value

Once you have that number in writing from a appraiser,
Professional real estate investors (wholesaler) need to work backwards:


Wholesale Price = After Repair Value (ARV)

minus
1. PROFIT for the FIX and FLIP Investor (minimum 35% )
2. Renovation cost (depends on rehab)
3 Misc Cost (Land transfer taxes.legal and realtors fee, holding cost. insurance etc.)
4. Assignment fees (PROFIT for the Professional real estate investors (wholesaler)


You will learn more by coaching and or attending
LIVE Canadian Real Estate Investment Strategy Apprenticeship (CREISA)
http://www.flipping4profit.ca/canadian-real-estate-investment-strategies-apprenticeship-creisa/


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