Anyone interested in a BH Real Estate guide?

So you're based in the US, hotstox? And to do a deal like the one in your example article, you don't need any sort of special license, permit or anything else? You just need to lock the seller up with your offer and find a buyer?

Honestly, I always thought it was pretty much that easy (and that difficult, heh). But held back due to thinking there HAS to be some other sort of catch I'm not seeing.
 
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Yes I invest out of NC and Chicago, and NO I have no special license or anything like that. It's essentially the same concept as buying the house to flip it yourself, or just to live in.
 
Finally getting my MLS access this week. With economy down and poor sales this is the best time for investors to lock in on desperate sellers.

Great job on the 1st part you published earlier in this thread. Definitely would be interested to see your offer, be it an ebook or a coaching program.
 
i'm definitely interested. i've been trying to get my hands on Chris Chico's Virtual Wholesaling course as the main targert with Mike Collin's REIWired and other materials as a secondary target. I prefer Virtual Wholesaling because I'm not that interested in meeting clients or investors face to face and I don't want to be limited to just my local area.


by the way, I have access to a ton of fresh, daily preforeclosure prospects (better than leads) and various other properties throughout the u.s. if anyone's interested, and I also work with a company offering a short payoff solution to homeowners in distress without their having to attempt a loan modification which may or may not be approved. it's similar to a short sale, however it allows the homeowner to remain in the home and on the title, immediately lower their payments, and later refinance into a low interest FHA loan in 12 months. we have conference calls every Tuesday and Thursday evenings. pm me for details.
 
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Thanks again for the kind words, not really selling anything right now but always looking to shoot the shit about REI so hit me up on aim if you wana bullshit about it.

Thanks again, and yeah chicos course was pretty decent from what I hear, but depending on a ton of variables. I have a few friends who read it and said it's perfect in theory, but hard to implement on any type of scale, using virtual assistants and whatnot. I personally have done deals in states I have never been in, so it's not far fetched at all BUT for wholesaling you maybe better off spending the money on a more effective ad campaign in your own area to get started.
 
I have a few friends doing this, maybe similiar. What they do is hunt for properties and contact the sellers directly. They of course have a registered company. Then they will nego with the seller and get the best price out of him/her. They sign a contract (60 days) and then go hunt for buyers. They take no fees from both buyer and seller, just play profit from the margin sale price.

Is this what u are talking about?
 
lol yeah affguy, that's pretty spot on bud :)
 
Jaymartins has asked whether this will work in the uk, I am also interetsed to know if it will work in the uk, please can you give us anwser :)
 
It would be nice with a BH Real Estate guide :) Will it work all over the world? Because i live in Sweden and it would be nice if anything would work here ^^

//Nattzor
 
I couldn't responsibly answer that, but I'm fairly certain the concept could be applied to any contract, as long as their is no clause preventing it (like on bank owned properties, but even then there are ways around it). I invest in the US, so I could not say for certain either way, however if you can get me a copy of a standard purchase agreement from over there I can take a look at it.
 
Thank you for the offer. I would be interested in a real estate guide for todays market. I just got into real estate investing for wholesale and short sale properties. Also, I am going to look at investing into some software that can write and print out a contract offer to the seller. At this time I am not aware of software that is shared among investors or real estate agents.
 
As someone who has been browsing a few popular REI forums, most notably flippinghomes.com, ran by Steve Cook; as well as picking up Cris Chico's "Virtual Real Estate Investing Course" late last year, I'd be interested on whatever you're planning on putting together.

Would the information/topic be around flipping any type of house, or specific to those homes that are NOT in foreclosure?

Thanks!
 
Sorry for bumping this thread but i wonder if there is going to be any BH Real Estate guide?
 
nattzor said:
Sorry for bumping this thread but i wonder if there is going to be any BH Real Estate guide?
Click to expand...
Hey,

I've spoken to hotstoxx a lot about this recently. He doesn't really want to put out a guide per se but does offer private coaching (which ROCKS) I started the coaching but then due to conflicts in my schedule we haven't met recently because my time is whacky.

Anyway, he is the real deal and knows his stuff!
 
just read the first post.

I live in Los Angeles and saw the rise and fall of real estate here. It was epic.

Of course I'd love to make money in real estate. That is actually my end game plan off all the money my internet projects are producing. However it still scares me how people I personally knew got wiped out in the RE game.

To say you got approval for "$xx.xx" and found a buyer within hours willing to pay CASH is incredible to hear in this economy. How do you "find" someone in hours with that kind of cash in their front pocket amid an entire nation of butthurt real estate agents, brokers, etc. who are looking for that guy?

You must have one hell of a method to locate someone in hours when I personally saw PROs in the real estate game go belly up and can't get back their old clientele and lifestyles.

I'd love to hear more about this ebook tho. I'm online mostly on AIM. Check my sig. Send me a message. :)
 
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I believe your basically talking about real estate wholesaling.....

Hmmm....Try googling real estate wholesaling and you'll see a fellow blackhatter at the #1 and 6 spot out of 41,000,000...

Basically....

1. You build a list of buyers


2. Find out what those buyers want

3. Find homes that meet your buyers needs

4. Put the home under contract using an inspection escape clause

5. Get your buyers through.

6. if they do like it then you assign the contract, do a double closing, or sell the llc that the contract is in.

7. If they don't you exercise your escape clause....

I have personally made over $30k each on a couple of deals i did....I have had clients clear as much as $150k per deal....

Wholesaling is the ONLY way to go with our economy in the condition it's in..
 
ericmedem said:
I believe your basically talking about real estate wholesaling.....

Hmmm....Try googling real estate wholesaling and you'll see a fellow blackhatter at the #1 and 6 spot out of 41,000,000...

Basically....

1. You build a list of buyers


2. Find out what those buyers want

3. Find homes that meet your buyers needs

4. Put the home under contract using an inspection escape clause

5. Get your buyers through.

6. if they do like it then you assign the contract, do a double closing, or sell the llc that the contract is in.

7. If they don't you exercise your escape clause....

I have personally made over $30k each on a couple of deals i did....I have had clients clear as much as $150k per deal....

Wholesaling is the ONLY way to go with our economy in the condition it's in..
Click to expand...

How long ago did those deals take place (both your own deals and your clients' deals) and how long did they take to close?

I can find deals all across the country and I have a small list of investors, @ 50 or so. I would like to run my operation completely from home without ever having to see the property or meet with the investor/buyer or seller in person. Is this possible and are you open to partnering up somehow?


edit: The #1 Google spot for "real estate wholesaling" looks to be you, if you are indeed Eric Medemar of The Millionaires Blog. But the #6 result in my search results belongs to either Larry Goins or Alain Diza depending on how you're counting (if you're including the second result under CRE Online as a seperate Google search result or not...)
 
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I have experience flipping and wrapping contracts, and it is a passion that few of us actually follow through on. For what a couple pennies are worth, it could easily be argued that the mass distribution of Real Estate "How To" and "No Money Down" info-products actually lead to the influx of investors that created the inflated prices. Florida and California saw it in record setting numbers.

Wrapping contracts is definitely a way to play the Cash-Flow game, but when everyone is a Real Estate Investor....What happens? Well, let's just consider that what has just happened here in the states.
 
Yep...owner financing and/or rent to own deals
are what I do. Some local, others out of state.

You can even assign owner financed-structured deals to
owner occupants and investors alike.

Being the bank has its advantages.
 
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