Localmentor video compilations

15 Ways to Buy Property No Money Down - Real Estate Investing Training Video Posted by: localmentor Video duration: 573 seconds Global video hits: 51016 www.localmentor.com Colorado Real estate investment expert, Michael Jake, teaches zero down investing techniques. Learn foreclosures, short sales, subject to, land contracts, owner financing and other creative real estate financing structures. Free Colorado real estate investing course teaches you how www.localmentor.com Related: no money down, wholesaling, assigning contracts, contract assignment, subject to, lease options, real estate investing, michael jake, mike jake, localmentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: if you are trying ... By: kayla006ful. on 13 May 12, 04:51:51 if you are trying to make a change in? your life financially for the better for you and your family i have several business opptys available for you online business without selling and recruitting pls contact me only if you are serious 5166556887 i got what you been looking for dreams do come true just have faith. I've read many ... By: JJCZZ1. on 08 May 12, 21:16:46 I've read many books on RE but info on them are so limited. Where did you get your training? I would like to get? started on RE investing for a long time referrals, S.E.O, ... By: localmentor. on 07 May 12, 01:21:19 referrals, S.E.O, PPC,? Direct Mail, Signs, but there's definitely more ways than 5. Get as many going as you need to meet your goals. Great video. What ... By: TexasWholesaler. on 06 May 12, 23:55:37 Great video. What are your? top 5 marketing strategies to bring in seller leads? I have been in ... By: TheMichaelgee123. on 06 May 12, 21:41:13 I have been in North Dakota for the past two years co-owning a design & development company called Ventana Design & Development and the opportunity is there. We have multiple projects going on and looking for potential investors. The returns usually between 15-30% internal rate of return and we have projects ranging from $250k to $15 million. Email me if you? are interested at michaelgalt@att.net or give me a call at (209) 541-9714 w w w northdakotaopportunity c o m Keep tips like this ... By: altha2008. on 05 May 12, 23:29:21 Keep tips like this Free. I used them. A lot of people are out there? selling books using this. They do not own them. I rather put it up like this guy does and let people use them. no - you won't get ... By: localmentor. on 30 Apr 12, 18:40:38 no - you won't get any tax benefits other than offsetting income with outgoing lease payments - you can't take depreciation to offset the spread in rents. Buy with owner financing or Subject To for that.? I'm not qualified to give you any "tax advice" FYI. The performance ... By: superbowltexan. on 29 Apr 12, 20:32:18 The performance base lease is interesting however is it possible to obtain? any tax benefit if the property is not actually in my name? Hello,my name is ... By: Aymen Alfadil. on 13 Apr 12, 20:17:05 Hello,my name is Aymen,and iam 22 years old,iam Independent Representative for the giant QuestNet (QNET) company.If you are looking? for extra job you can do anywhere you want, two hours of hard work every day at? least,Salary up from $ 2000 to $ 7000 a? week after sustained effort,pls? contact me: MSN: AymenAlfadil@hotmail.co.uk Yahoo: AymenAlfadil1989@yahoo.co.uk Skype: aymen.alfadil2 thank u,, 5 dislikes to 111. ... By: tauheke. on 30 Mar 12, 04:34:20 5 dislikes to 111. Sounds bloody good to? me!!!!!! Great video. Keep? ... By: MagneticRealEstate. on 19 Mar 12, 04:33:12 Great video. Keep? them coming Nice work.? By: EpicRealEstateInvest. on 16 Mar 12, 18:48:53 Nice work.? Do you? have a book? By: TheHueFilms. on 04 Mar 12, 05:43:53 Do you? have a book? You should write a ... By: TheHueFilms. on 04 Mar 12, 05:43:42 You should write a book tilte 15ways to Buy with no money down.? I would defintily read it. Last 50 mins to ... By: reynoldouzjem61J. on 03 Mar 12, 11:16:39 Last 50 mins to draw your? iphone4! eIGkY accuc.info This? guy seems to ... By: GuiaDInmuebles. on 22 Feb 12, 18:14:04 This? guy seems to know what he's talking about. I like the 15 ways, thanks! seriously I love ... By: frea1able. on 25 Jan 12, 21:46:31 seriously I love this guy,? just brilliant wisdom. - sure, I've used ... By: localmentor. on 21 Dec 11, 17:34:25 - sure, I've used pretty much all those strategies at? some point. can u really? do ... By: buytoletlandlord. on 18 Dec 11, 16:48:34 can u really? do this? Dude, you are ... By: dfefly. on 04 Dec 11, 19:11:56 Dude, you are amazing.? You need cellphone ... By: crazyjipi. on 26 Nov 11, 00:54:43 You need cellphone for your business? and get FREE cellphone service? earn Free Wireless and GET PAID and help only 3 people do the same $59.99 per month! UNLIMITED Calling, Fast Data/Web & Text Nationwide No Contract, No Credit Checks No deposit exta min.? International included call 956 225 8968 Good stuff? Mike! By: wwpsolutions. on 04 Nov 11, 21:01:36 Good stuff? Mike! Oh hello! Have you ... By: wajahat268. on 24 Oct 11, 08:06:15 Oh hello! Have you tried the? intellectus money maker (do a search on google)? Ive heard some great things about it and my father made a ton of money it. Real Estate Investing Training Video Wholesale Deal Part 1 Posted by: localmentor Video duration: 507 seconds Global video hits: 49101 www.localmentor.com host Michael Jake shows how a wholesale house flip happens. A walk through of a typical REO, Bank Owned House, Estate House, tired rental property, and how the deal was Found, How it was Funded, and how the profit was made and how much! Learn more Colorado Creative Real Estate Investing Techniques at www.localmentor.com Related: localmentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: I have been in ... By: TheMichaelgee123. on 06 May 12, 21:40:42 I have been in North Dakota for the past two years co-owning a design & development company called Ventana Design & Development and the opportunity is there. We have multiple projects going on and looking for potential investors. The returns usually between 15-30% internal rate of return and we have projects ranging from $250k to $15 million. Email me if you are interested at michaelgalt@att.net or give me a call at (209)? 541-9714 w w w northdakotaopportunity c o m Love your? videos ... By: maverickguy12. on 16 Mar 12, 21:37:56 Love your? videos and what youre doing...awesome value!!! Great Video. Where? ... By: superman20500. on 31 Jan 12, 03:50:07 Great Video. Where? is part 2? where there's ugly ... By: frea1able. on 25 Jan 12, 21:39:30 where there's ugly there's opportunity, I love that!? It's simple, folks: ... By: LuJackCity1964. on 24 Jan 12, 00:13:11 It's simple, folks: Just gather information? and make an INFORMED DECISION about how to go? about investing in Real Estate. ? If you're in Southern California, WE'LL BUY YOU LUNCH, and share with you how WE'VE purchased 400 SFRs, Multi-family buildings and Business parks--in 16 states--and how they're ALL CASH-FLOWING... wwwdotDare2Dreamdotbiz 310.356.7027. We're not "Seminar Salesmen" but ACTUAL Investors IN-THE FIELD; we've just found that sharing the wealth just brings more wealth! 3103567027 Fab? videos... ... By: JaxInvest. on 10 Jan 12, 06:38:22 Fab? videos... thanks for taking the time to share them! I think if you want ... By: MichaelJake2. on 03 Dec 11, 16:37:25 I think if you want realtors to quit bringing you leads and opportunities ask them to cut their commission. If you want more deals than you can handle, pay them what they are due. You don't save money if you don't have someone bringing you deals. If you want them to acutally SELL a house for you, AGAIN, don't chisel agents out of commissions, pay them what they? are worth and the right agents will work for and make your life easier. I think when it ... By: 20HDavid. on 29 Nov 11, 23:19:10 I think when it comes to real estate the best way to save is? through saving on realtors commission and i find that this webste helps most Fantastic stuff. ... By: JaxInvest. on 15 Nov 11, 00:53:41 Fantastic stuff. I've enjoyed your? videos and can't wait for more :) Yes, but...if you ... By: SucessNow. on 12 Oct 11, 04:26:12 Yes, but...if you would have taken the time to fix this property you would have made much more money! I did one for $185, put in $22 and sold it for $298! More money made less agents to work with!? My dad is? a real ... By: LoveTheCity123. on 08 Oct 11, 18:02:40 My dad is? a real estate investor and we own a condo in the One Museum Park tower in Chicago, a condo in the Trump Tower in Chicago, and a condo at 325 Fifth in New York City. He makes about $12,000 a month for the rent his tenants. I need? a mentor in ... By: shakaama. on 02 Oct 11, 14:48:20 I need? a mentor in Vegas. Or, if you have somewhere for me to stay I could move to Colorado I guess. "That nice aroma of ... By: cedarbrookproperties. on 21 Sep 11, 23:19:23 "That nice aroma of pet odor and urine and that kinda? thing...that kinda smell turns me on, that means opportunity!" Had to laugh when I heard that quote...Great video, Michael! Keep 'em coming. Hello had a ... By: calderonenterprises. on 16 Sep 11, 06:40:12 Hello had a question, I am in chicago and have just started trying to wholesale RE. I have a friend who is a Realtor and is helping me submit offers to shortsales on the mls, we have two problems: number one most of the agents we speak to? have no clue and its so frustrating And two what formula can I use to correctly calculate what a fair offer is to the bank WHILE still knowing I can make a profit to my cash buyers??? I seem to be offering way to little to the banks where deal is insulting Great! I agree that ... By: mscarolynzhao. on 13 Sep 11, 23:21:46 Great! I agree that the ugly house smells good. This is the opportunity for an? investor. We are making money by solving other people's problems. Automatically, other people's trash will become our treasure. i went to your ... By: mrsdkckr1. on 07 Sep 11, 02:56:30 i went to your website, however i don't live in colorado....do? the laws allow this to work in other states? per say texas? great video. keep ... By: businessesforsales. on 28 Aug 11, 23:08:18 great video. keep them coming.? Those are really ... By: leafyutube. on 16 Aug 11, 02:54:52 Those are really helpful tips. Thanks? a lot! - a lot of the ... By: localmentor. on 16 Aug 11, 02:50:44 - a lot of the deals I write on are at or around the listing price. You need to know what a "fixed up" version of a house similar is worth to back into what a good deal is for one. Today I got a contract on a listed house - listed at 65k, I got it for 61k - the After Repaired Value is 180k. That's a deal without knocking 30% off listing - that's where a lot of beginners make mistakes (me too when I started). Know ARV and work backwards.? Takes some time to get good but worth it. Thanks for your ... By: leafyutube. on 16 Aug 11, 02:46:40 Thanks for your thoughts. If I could also ask, what's the best strategy to get a discount deal from an agent? Do you just make a low offer and then explain why? it's so low? That's my understanding from your video. You've actually inspired me to give it a try. - I've wholesaled ... By: localmentor. on 16 Aug 11, 02:36:46 - I've wholesaled in flat, sideways and down markets - you can make it work - have to look at the spreads between wholesale and retail buy just below the majority of wholesale and flip at wholesale. The % you can get of retail changes but not the ability to "wholesale". One of the? biggest mistakes I made was not building strong realtor relationships earlier on. Realtors are worth their weight in gold if you build a strong relationship with the right ones. This is a lot ... By: leafyutube. on 16 Aug 11, 00:34:04 This is a lot tougher? in hot markets. Very difficult to get a discount deal, and those damn real estate agents don't make it any easier. Looking for serious ... By: foster2367. on 10 Jul 11, 16:23:06 Looking for serious and hard working people who want to earn good money working on my team. Email me at: foster_236@hotmail.com and I will send you an Eligibility Form to fill out. If all is well then you can start? working on my team ASAP! hi please look at ... By: MrDansdeals. on 28 Jun 11, 13:29:11 hi please look at my Facebook page? for? real estate deals with working yields within the UK its Dan's Deals. when assigning ... By: localmentor. on 23 Jun 11, 20:24:22 when assigning you'll never need down payment money. When double closing (depending on the type of deal and who's selling) you may need flash cash (REO's possibly but other ways around that - see my video on flipping REO's). I've never had anyone try to go around me - usually my buyer doesn't know how to contact my seller and if it's a listed property agents are too scared about getting sued to try to go around a signed contract. can also record a doc? to protect your interest Real Estate Investing Training Video - What NOT to Do on a Fix and Flip Posted by: localmentor Video duration: 564 seconds Global video hits: 564 www.localmentor.com real estate investing training video on what not to do on a fix and flip. Sometime saving money and cutting corners don't actually save you money. I often say, the cheapest "contractor" (fill in the blank with anything there) is NEVER the cheapest contractor. For more great money making real estate investing training check out http Related: real estate investing, michael jake, localmentor, fix and flip, fix & flip, flipping homes, flipping houses, flipping real estate, real estate investor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: I wouldn't live ... By: im1greatman. on 03 Apr 12, 03:34:09 I wouldn't live there if? it was free. If you do the job ... By: mail22. on 23 Dec 11, 18:46:31 If you do the job right, you should get FMV. If you don't, the flipper who will buy your property will buy it at any condition (given the right price), fix the mistakes, and re-sell it. I do? agree that cutting corners cost you more than the cost of actual repairs. -...and if you do ... By: localmentor. on 21 Dec 11, 17:37:43 -...and if you do the job right you should get the price anticipated? when you analyzed the property to purchase it in the first place. - if you mean ... By: localmentor. on 21 Dec 11, 17:37:03 - if you mean adjusting the price will always get the house sold, you are in 99.9% of time correct. As a fix and flipper though, the? goal is to make a profit. Lowing the price can nearly always get it sold, but the GOAL is to make a profit. The point of the video is that sometimes cutting corners and not fixing the house to meet or exceed the expectations of the market can and often does COST MORE than the savings of cutting those costs. There's only? 1 ... By: mail22. on 18 Dec 11, 09:54:03 There's only? 1 reason something doesn't sell. PRICE. Thanks for sharing ... By: BuySellRentInvest. on 17 Dec 11, 15:05:55 Thanks for sharing that with me. I've done before and after videos? that people like, but I really like yours going into the details deeper. The best to you and your business. - No, someone I ... By: localmentor. on 16 Dec 11, 22:01:03 - No, someone I know did the rehab and wanted some advice on why it? wasn't selling. Really good post. ... By: BuySellRentInvest. on 16 Dec 11, 21:58:24 Really good post. Was this a house you were looking at to? maybe buy? Just wondering. nice video!! 100%? ... By: BrutusEmpire. on 16 Dec 11, 18:34:03 nice video!! 100%? correct!!! LOCAL MENTOR-RECRUITMENT ACTIVITIES Posted by: CARESMentoring Video duration: 158 seconds Global video hits: 690 Oakland Bay Area CARES doubles expectations recruiting 300 New Mentors Related: oakland bay area cares, cares, mentoring, mentor recuitment Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: Real Estate Investing Training Video - How To Wholesale Houses Part 1 Posted by: localmentor Video duration: 564 seconds Global video hits: 15759 Real Estate investing video training www.localmentor.com Michael Jake discusses how to simplify wholesaling houses. Simple Steps to Wholesale a House for Cash in less than 2 weeks Related: localmentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: i enjoy your videos ... By: prhousebuyers. on 26 May 12, 03:07:24 i enjoy your videos thanks they are informative? :) I used to live? in ... By: Coachrob36. on 12 Dec 11, 23:01:18 I used to live? in the springs..real estate can be exciting there..keep up the videos!! Fab videos... ... By: JaxInvest. on 29 Nov 11, 00:35:32 Fab videos... thanks for taking the time to share? them! Invest in houses ... By: venangocountynow. on 08 Jul 11, 18:22:23 Invest in houses during the gas industry boom in Venango County PA! Houses are inexpensive at the moment, but as business rush here to take advantage of the gas boom, this won't last. So check out? Oil City PA now and invest in this upcoming market. - Colorado? Springs By: localmentor. on 28 Mar 11, 14:35:37 - Colorado? Springs Where in? colorado ... By: alibetan. on 27 Mar 11, 20:02:46 Where in? colorado do you live? I agree, most real ... By: spectrum0590. on 21 Feb 11, 19:59:47 I agree, most real estate investor especially those involve in whole selling property concern? on marketing the property they finance. We help investors ... By: 2001leealley. on 24 Jun 10, 07:48:23 We help investors flip in the hot Arizona market. ? Our investors average a 19%margin while holding property for only 26 days. arizonainvestments.wordpress. c o m I like this? video By: RLJ93727. on 07 Jun 10, 17:56:47 I like this? video Thanks? for the ... By: SEXYDREAD09. on 28 May 10, 14:33:24 Thanks? for the advise! You are a great coach. Jaye Great video! I? ... By: propertyguy44. on 22 Apr 10, 16:19:21 Great video! I? wholesale properties also and am always looking for ways to add to my buyers list! You had some very good ideas that I can use. Thanks BIRDDOG ALERT: I'm ... By: MTurkerify. on 12 Feb 10, 23:39:02 BIRDDOG ALERT: I'm offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That's $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I'll gladly pay you 1% of the purchase price which amounts? to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com Great? Video!!!! By: akilimckie. on 22 Jan 10, 15:27:55 Great? Video!!!! This guy is great. ... By: lalasurabi. on 06 Jan 10, 20:54:12 This guy is great. He gives us all the basic steps that are necessary to do a wholesale deal. Its up to you to put it into action now and actually get it done. What I did was..I contacted other wholesalers that already? have experience. I told them I would split my profit with them if they helped me and thought me the ways. The actually showed me how its done in real life. Good luck people!! I use a seller ... By: localmentor. on 12 Oct 09, 17:27:58 I use a seller presentation and go over "average costs of selling" backing out commissions/closing costs/concessions/repairs/time on the market, etc to start about 15% below market then leverage expensive contractor vs what I can actually get the work done for on rehabbing - can also throw in the "I am about speed and convenience so you can sell on what ever day works best for you and I'll deal with the hassles of? fixing it up, but I don't work for free. Im getting my main ... By: ThatDifferentGuy. on 10 Oct 09, 07:39:06 Im getting my main source of income from? my pharmacy so all the money i invest is mine, but how can i haggle people down to a lower price...thanks! I present myself as ... By: localmentor. on 22 Aug 09, 16:46:40 I present myself as an investor. I? tell them I can close in less than a week - they don't care if someone else brings in the cash, they care that the house is sold and they get the cash promised on the date expected. Hi, Thanks for ... By: PeepMoeGame. on 18 Aug 09, 19:27:18 Hi, Thanks for your video. When we are signing our contract with the home owner, do we let them know that we are going to be reselling their home to another person? can you please elaborate on what we should do / how we shoudl present our self?? as an investor or just a person buying a home?? Thanks!!! Usually response ... By: localmentor. on 17 Aug 09, 20:11:26 Usually response dwindles with the "buyers list" ability to find $ to buy your deals. I would always keep on top of funding sources for your buyers. When ever I've added a new buyer who wants to play but doesn't quite? know how, you can line them up with financing sources and how to do the deal - spending a little extra time with them can result in not one but MANY deals. Different buyers have different criteria as well, if you old list isn't responsive, find ways to FIND the active buyers. There are buyers on ... By: localmentor. on 17 Aug 09, 16:25:48 There are buyers on the MLS, and if they are on the MLS BUYING, then they are also on the tax rolls. If you sell WHOLESALE deals via realtors, then you are giving away your profits. My wholesale deals sell in hours, typically to the first? buyer who sees it. Whether you mean to or not, you sound very negative, very confrontational and if you come across that way to others, it is likely you'll have better results dealing with an agent as a buffer. Else learn to build relationships with buyers The last 3? minutes ... By: warmerup. on 13 Aug 09, 10:23:05 The last 3? minutes was more accurate. Still informing. Very little effort ... By: warmerup. on 13 Aug 09, 10:19:14 Very little effort?? Hmmmph. Buyers' list? ... Hmmmmph. I hear "Buyers' List" all over but from what I've seen, it looks like the buyers are on the MLS. This is sound advice for newbies. I did this exact thing when I started out. When it proved futile, I started selling through Realtors. Houses I find sell in 2 weeks or less. Some more great ... By: Cthockey13. on 31 Mar 09, 16:52:56 Some more great invaluable information from the local mentor.? I will continue watching and taking notes....Thanks Mike Very nice training. ... By: mmattox3. on 16 Jul 08, 06:08:59 Very nice training. Thanks Michael for sharing your time.? How To Wholesale Houses 1 - Real Estate Investing Training Video Posted by: localmentor Video duration: 598 seconds Global video hits: 4864 www.localmentor.com http Wholesaling Houses Training Seminar (preview) by Michael Jake, Colorado's Real Estate Investing Mentor. For more real estate investing training visit www.localmentor.com http Related: wholesaling houses, wholesaling reo, reo wholesaling, flipping properties, michael jake, localmentor, local mentor, homes, housing, property, real estate Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: Invest in houses ... By: venangocountynow. on 08 Jul 11, 20:02:27 Invest in houses during the gas industry boom in Venango County? PA! Houses are inexpensive at the moment, but as business rush here to take advantage of the gas boom, this won't last. So check out Oil City PA now and invest in this upcoming market. good question. It' ... By: missrosetejano. on 27 Oct 10, 03:23:05 good question. It' all? about networking. If u know one person in real estate, just ask him/her if they know 3 other people that rehab. then ask those 3 people if they know anyone else. how do I build? a ... By: Lbg801. on 06 Jul 09, 08:57:14 how do I build? a buyerss list? Colorado Real Estate Investing Training - LocalMentor Posted by: localmentor Video duration: 10 seconds Global video hits: 252 www.localmentor.com Colorado Real Estate Investing Training delivered with exceptional value. For Colorado real estate investing training or a mentor for real estate investing in Colorado Springs, Denver check out http Related: mvi, 1752 Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: Can You Assign REO's? Real Estate Investing Training Video Posted by: localmentor Video duration: 302 seconds Global video hits: 4623 www.localmentor.com Colorado Real estate investment expert, Michael Jake, teaches zero down investing techniques. Learn wholesaling houses, wholesaling REO's, foreclosures, short sales, subject to, land contracts, owner financing and other creative real estate financing structures. Free Colorado Real Estate Investing Course teaches you how www.localmentor.com Related: reo wholesale, wholesaling reos, reo, no money down, wholesaling, assigning contracts, contract assignment, subject to, lease options, real estate investing, michael jake, mike jake, localmentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: @localmentor, As a ... By: 8beazy. on 25 May 12, 00:18:39 @localmentor, As a matter of fact one of the properties is a HUD lol. I actually sent you an email on your? website earlier in the evening. Thanks - you only ... By: localmentor. on 24 May 12, 21:30:56 Thanks - you only need a tax id if your contracting? on a HUD, FYI. @youmarc11, To ... By: 8beazy. on 24 May 12, 20:59:49 @youmarc11, To piggyback on what you and Michael were discussing the selling of the LLC actually protects? you as you perform the transaction. I say this because even though the end result is the same you're technically not assigning the contract you're selling a company. Your buyer is buying your LLC and? the home comes with the company. The title company will send you documents asking who will sign for the LLC at closing and you simply give them your end buyers information and your fine. Michael, The ... By: 8beazy. on 24 May 12, 20:12:18 Michael, The selling of the LLC is genius! I've been racking my brain on how to wholesale REO's for days now and finally stumbled? upon this video. Just filed for my LLC with a rush order to get that tax ID. Great, great stuff man!!! Thanks? Micheal, ... By: youmarc11. on 22 May 12, 18:26:25 Thanks? Micheal, You will be the first person I contact when I'm ready for a mentor. Marc Stuart, FL no - because you ... By: localmentor. on 22 May 12, 18:24:39 no - because you are not changing the contract - still closing under the name of the LLC, there's just? a new owner of the LLC. Bank and title co. really don't know what is going on. You tell them you will not be signing for the LLC at closing, you tell them the name of the person that WILL be signing at closing. But will the title ... By: youmarc11. on 22 May 12, 17:47:47 But will the title company or Bank have a problem with you selling the LLC at the closing hence giving ownership of the property to your buyer? since it's basically the same as a straight assignment of contract. the paperwork is different but the end result is the? same. Marc you tell the title ... By: localmentor. on 22 May 12, 17:36:54 you tell the title co. who will be signing for the LLC at closing. I always get a deposit (non refundable) from my buyer prior to closing with balance due at closing per my agreement. I've never had a buyer try to stiff me at closing on the balance, but if they did per my? agreement they don't own the LLC and it's in writing so I could show that to the closing agent and stop the transaction. hi, how do you ... By: youmarc11. on 22 May 12, 13:31:44 hi, how do you coordinate with the lender's closing title company? if my buyer won't pay me to buy the llc before the closing (if they would rather buy the llc from me while I simultaneously close on the property) will the title company have a problem with it or go and tell the lender what I'm? doing and kill the deal? priceless info! ... By: NetGuruINC. on 11 May 12, 22:07:31 priceless info! just solved my problem! thanks? a million! Who would pay the ... By: MarioJPerez. on 25 Apr 12, 14:16:00 Who would pay the closing costs on both transactions?? - one has nothing ... By: localmentor. on 23 Aug 11, 17:23:51 - one has nothing to do with the other - you use an LLC to get around assigning and/or having to use flash cash at closing. You need proof of funds for whatever you are closing in/taking title? as/flipping as - hard money lenders can get you a funding letter or just google "proof of funds letter" there's many sites that let you create your own funding letter. this is not a problem. How does creating ... By: NajeeNIB. on 21 Aug 11, 05:07:48 How does creating an LLC, satisfy the REO's need to see proof of funds? to allow them to accept the offer? Do you form an LLC with the Buyer and show his funds? And why would a buyer do this with me. I am not sure that I understand. the LLC writes the ... By: localmentor. on 02 May 11, 16:57:10 the LLC writes the offer to purchase the REO. Once you contract is accepted, you sell the LLC or the membership interest in the LLC. You'll? need an agreement to sell the LLC, then your buyer closes on the contract. You may have to work out the earnest money - often I put it up before I find a buyer - else If I haven't, I just have my buyer put it up. have to coordinate with the title company or closing attorney who will be signing for the LLC and Statement of Authority the Colorado ... By: localmentor. on 02 May 11, 16:52:51 the Colorado Secretary of State's website - just google it - go to the business division then you can search names to make sure no one else is using the name, then "file? a new document" and you can select new LLC whats the site to? ... By: TANISHAADJO. on 30 Apr 11, 19:42:53 whats the site to? to create the llc in CO? so i assign the ... By: TANISHAADJO. on 30 Apr 11, 10:18:29 so i assign the contract in? my llc? i assign the rights over to my end buyer? ...and yes it ... By: localmentor. on 26 Jan 11, 04:54:19 ...and yes it addresses all those concerns for the buyer...including whether or? not membership certificates have been issued...which usually they are not. comes with either ... By: localmentor. on 26 Jan 11, 04:53:12 comes with either the "lazy man's guide to wholesaling houses" or 2010 Wholesaling Seminar? on my blog at michaeljake (add dot C O M) Hey Mike, what type ... By: TheMotifES8. on 25 Jan 11, 18:21:06 Hey Mike, what type of contract do you use or more specifically, where can I get that contract to sell the LLC to the end buyer? I'm sure the buyer would also want to assured the LLC is clean & clear from any other activities, litigations, bills, liens, etc.... Does your contract address those concerns if it becomes an issue to the buyer? -Do the buyers make the check payable to your name or your company? -After you sell your LLC, is there anything else you? do to sever ties between You/LLC? Forget that ... By: Filmaker25. on 29 Dec 10, 19:58:42 Forget that register it as? a Nevada or Wyoming Cor. Hi. It's $125 to ... By: OhioDreamer. on 09 Dec 10, 14:20:08 Hi. It's $125 to create an LLC in Ohio, if I live in Ohio, can I create an LLC in Colorado and make offers on homes in Ohio? Also, after I submit the LLC online, can I immediately make? offers in the LLC name, or do I have to wait? Thanks!! - you are not ... By: localmentor. on 28 Nov 10, 23:33:02 - you are not creating the LLC to run as a business - it's a means to and? end - avoiding flash cash expenses and un-assignable contracts. Going to contract with a Trust is another option, but in my market place, they are a big red flag and I would not get as many contracts accepted. $500 to make $5,000 - do the math - else, get a Colorado LLC for $50. An LLC in Illinois ... By: technoracer79. on 28 Nov 10, 20:30:49 An LLC in Illinois is $500. What's the point of paying that much, and then loosing your company, by selling? it? www.SearchingforPlanB.com/localmentor - Unlimited $$$ for your Prospects to sign up with you! Posted by: marshondah Video duration: 128 seconds Global video hits: 176 www.SearchingforPlan B.com/localmentor, Money to start new business, propects, training, local mentors, financing for new business, success coaches, Financial Match.com , No credit checks Related: money for new business, local mentors, success coaches, financing, no credit checks Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: Real Estate Investing Training Video Wholesale Deal Part 2 Posted by: localmentor Video duration: 429 seconds Global video hits: 18478 www.localmentor.com host Michael Jake shows how a wholesale house flip happens. A walk through of a typical REO, Bank Owned House, Estate House, tired rental property, and how the deal was Found, How it was Funded, and how the profit was made and how much! Learn more Colorado Creative Real Estate Investing Techniques at www.localmentor.com Related: localmentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: @ChateauSiran1986 ... By: founditontheweb. on 01 Aug 11, 18:33:45 @ChateauSiran1986 so could I. Your question sounds like you would be a good Hard money lender...? D.W. Van Hook see michaeljake d o ... By: localmentor. on 25 Jun 11, 20:13:08 see michaeljake d o t c o m for a video on how to build a buyers list, but? any contingency in your contract will allow you out of the deal - like "inspection" or "subject to partner approval" if for some reason you can't find a buyer, you notify the seller that you are not going to close do to that contingency....or any buyers that you did have look at the deal and didn't take it - ask them what they would take it for and go back and renegotiate with the seller. great vid. me being ... By: Ednyce81. on 24 Jun 11, 21:44:06 great vid. me being new to real estate and wholesaling for some reason was nervous/scared about closings and paperwork but watching this vid. it seems like theres nothing to worry about. the only question i have is that what if you cant find a buyer ? what happens then? ? @ChateauSiran1986 ... By: localmentor. on 23 Jun 11, 20:19:09 @ChateauSiran1986 - no idea what your skill level is. Could I? ? Yes Yes. ? By: b29349. on 16 Nov 10, 10:58:09 Yes. ? Ask a Attorney to ... By: b29349. on 16 Nov 10, 10:57:41 Ask a Attorney to allow you to sit in on a closing. Each party gets a copy and copies have to? be filed. There alot of them - to many to list. My last closing there were 14 sets of them. - I believe this ... By: localmentor. on 19 Sep 10, 22:52:32 - I believe this was a double? close, so yes there were some closing costs - this was a ... By: localmentor. on 19 Sep 10, 22:51:39 - this was a double? closing if I recall - yes and no, not? ... By: localmentor. on 19 Sep 10, 22:51:05 - yes and no, not? yet. i have a question, ... By: raulchacon123. on 15 Sep 10, 16:39:14 i have a question, as a wholesaler why did you need to sign so many documents? at closing?? what where the documents?? Do you ever make ... By: TheMotifES8. on 13 Sep 10, 18:45:12 Do you ever make offer to homeowners who have defaulted on their mortgage loan? Do you have a video post showing the bank & seller negotiating stages?? I noticed your ... By: TheMotifES8. on 13 Sep 10, 18:33:50 I noticed your check was an odd number. Was that your assigning fee?? Where there any title/tax fees deducted from your gross check amount? Thank you - on this deal the ... By: localmentor. on 19 Jul 10, 22:58:32 - on this deal the seller's agent/attorney had? everything signed in advance. Usually there is someone there. I thought in a ... By: you1w. on 19 Jul 10, 18:25:43 I thought in a closing the seller, the? buyer, and you are all present at closing. In this closing only you and the buyer are present. I don't understand how did that, How did you make that work? Is there a way for you not to even come to closing at all? - my buyer brings ... By: localmentor. on 15 Jul 10, 02:23:54 - my buyer brings in money to buy from me plus my assignment fee, or in the case of a double (simultaneous) closing, funds to close on the purchase and those funds are used to fund my purchase from the seller. Either way, no money of mine out of pocket. and a fee or? profit from the spread in prices. What I don't ... By: KiwiTwist03. on 11 Jul 10, 20:44:03 What I don't understand is where you got the $50,000 cash on hand. I have been trying to? get into this, but I don't know how to fund it. I? like this video By: RLJ93727. on 07 Jun 10, 18:25:54 I? like this video Thanks for posting ... By: ethanjarrell. on 18 May 10, 13:54:41 Thanks for posting this video. Very helpful information! We are currently trying to implement some of? these ideas into our business plan. BIRDDOG ALERT: I'm ... By: jt193024904. on 13 Feb 10, 03:54:44 BIRDDOG ALERT: I'm offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario.? That's $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation? if I can sell my building so please try and find me a buyer and I'll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at:? mshinvestments(.)com you? can go ... By: localmentor. on 19 Jan 10, 02:56:31 you? can go directly to realquest or sitexdata and then you can pay for what the title company will give you for free. yes? and you should ... By: localmentor. on 15 Jan 10, 13:12:00 yes? and you should be able to buy a data CD from them. It's easier for me to get that info from my title company - it's formatted and easier to use. So he? got paid the ... By: 90260. on 29 Dec 09, 10:30:56 So he? got paid the profits only ? knowing that the Title company has the full amount and the other guy is only obligated to pay the buyer $8000 somthing? i don't know if i got this right Double closing: I ... By: aftereight01. on 30 Aug 09, 17:07:58 Double closing: I find a motivated buyer a house that matches their investment criteria. The buyer, myself and the seller go to the title company together to close. I close my assignment contract with the investor and collect my assignment fee (i close). Then the? Actual buyer closes with the seller (2nd close). Not necessary. Once buyer signs assignment with you they can pay you right then and take the deal from there. Its up to the 2 of you how you want to close. If this? was a ... By: Pyromaniac21. on 25 May 09, 22:05:17 If this? was a simultaneous closing didn't YOU have to pay some closing costs? Explain to me what ... By: Pyromaniac21. on 25 May 09, 21:33:12 Explain to me what a double close is and what a simultaneous close? is. The REI books I've read on wholesaling/contract assigning leave these terms out and also completely leave out what to do when seller has an RE broker/agent. How to Wholesale REO's - Real Estate Investing Training Video Posted by: localmentor Video duration: 231 seconds Global video hits: 6555 www.localmentor.com Colorado Real estate investment expert, Michael Jake, teaches zero down investing techniques. Learn Wholesaling houses, wholesaling REO's, foreclosures, short sales, subject to, land contracts, owner financing and other creative real estate financing structures. Free Colorado Real Estate Investing Course teaches you how www.localmentor.com Related: reo wholesale, wholesaling reos, no money down, wholesaling, assigning contracts, contract assignment, subject to, lease options, real estate investing, michael jake, mike jake, localmentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: Superb stuff. So ... By: JaxInvest. on 10 Jan 12, 06:43:32 Superb stuff. So glad I found your channel :)?? Hey everyone I want ... By: Lounsbury6257. on 30 Dec 11, 15:21:31 Hey everyone I want to share a book that just came out about REO's is "REO BOOM" this book has over 400 pages on the entire REO? process. Check it out and I hope you find it helpful like I did. Fantastic stuff. ... By: JaxInvest. on 21 Nov 11, 05:40:58 Fantastic stuff. I've enjoyed your videos and? can't wait for more :) when selling a llc ... By: focus1880. on 13 Oct 11, 15:37:34 when selling a llc to an end buyer and the deposit money is in place if the end buyer does not want to pay full assingment fee until closing but does agree to double the deposit money does this have to be indicated in the contract and is this non-refuundable? also the end buyer is totally responsable for all closing coast unless he/she can work something out with the bank or me thank-u- yes, I only use for ... By: localmentor. on 27 Jun 11, 22:37:10 yes, I only use for REO's (I think some? people are using this for short sales too) because often the lender addendum states one must have guaranteed funds to close the deal - meaning you can't use funds from a double close. That leaves you using transactional funding (1-2% of the price) or using this technique to avoid having to pay for the cost of transactional funding. You can also use a trust and sell the beneficial interest but trusts can be a red flag to lenders. is this? only ... By: Ednyce81. on 25 Jun 11, 23:12:07 is this? only necessary for reo's, and why ? is this? only ... By: Ednyce81. on 25 Jun 11, 23:11:37 is this? only necessary for reo's ? do u know any good ... By: gnice25able. on 09 May 11, 16:04:45 do u know any good title compnies and attornies that works with real estate investors who wholesale propeties? Yes, I have a? MD ... By: wilber638. on 06 Apr 11, 20:57:24 Yes, I have a? MD LLC , so can my MD LLC buy a Colorado LLC to sell the property and make a profit???? Thanks - yes, but you ... By: localmentor. on 06 Apr 11, 19:17:00 - yes, but you might want to create a MD LLC? Does this only ... By: wilber638. on 04 Apr 11, 18:55:08 Does this only work? for Colorado properties....if I am in Maryland and I buy a Colorado LLC can I sale a property in MD with this LLC you can get it with ... By: localmentor. on 10 Mar 11, 19:42:42 you can get it with any? of my courses at my michaeljake website Could you please ... By: TheMotifES8. on 09 Mar 11, 19:33:57 Could you please tell me how I can get a copy of your attorney drafted contract ? Thanks!? yep, this video is? ... By: showem88. on 22 Jan 11, 13:44:01 yep, this video is? great! keep them coming! see below: 1 - Yes ... By: localmentor. on 19 Sep 10, 22:48:34 see below: 1 - Yes 2. - What Liability? You sell them a shell LLC. Once it's sold you no longer have anything to do with it. 3. No one has ever asked but its a brand new entity and my agreement says it has no liens, judgements, etc. Any? local court records search could verify nothing is pending 4. yes I have a few ... By: TheMotifES8. on 13 Sep 10, 20:11:42 I have a few questions I'd like to ask you: 1. Do you form the LLC prior to making an offer? 2. Do you have the Buyer of the LLC dissolved the entity once buyer closes escrow to avoid any potential liabilities? 3. How can you prove to the Buyer that there are no debts, lawsuits, liens, citations, etc.,... attached to the LLC.? 4. Do you offer your attorney drafted contract as a? burn plate? Thank you for your posts! Great stuff!! If creating? an llc ... By: reycake. on 29 Nov 09, 02:22:03 If creating? an llc prevents you from using your own money that you don't have anyway, who provides the POF that the lender will require? how can? i get into ... By: bigray6113. on 06 Nov 09, 19:52:44 how can? i get into this business you motivate me sir I tell them how ... By: localmentor. on 16 Oct 09, 16:04:55 I tell them how much the whole things going to cost them. If my contract price is 95k and I'm selling my LLC for 5k, then I "offer" it to my buyers at 100k - when one says yes, then I show them they are paying 5k for the LLC and 95k for the house. The first time you do an LLC sale with a buyer takes a little more time to explain it,? but after they do it once it's easy on every one thereafter. Im kind of confused ... By: kyotic77. on 13 Oct 09, 03:37:18 Im kind of confused. do I tell my buyer that? this home is $100,000 even if the home is $95,000 to get my assingment fee? or do I tell them exactly how much my fee is before escrow? they will want a ... By: localmentor. on 12 Oct 09, 18:22:30 they will want a proof of funds letter. Once? you get the contract accepted they'll want a deposit and they may check the funds letter, but probably not. does the bank need ... By: kyotic77. on 08 Oct 09, 19:38:11 does the bank need to see my fund seasoned and and recieve? a deposit from me as a wholesaler in order for me to get the contract? I can't give legal ... By: localmentor. on 08 Oct 09, 17:47:02 I can't give legal advice - talk to your attorney. The cheapest way to create one is likely on your secretary of state's website. I can file one on? mine, online and pay $50 (Colorado) on the website. Can I make my own ... By: kyotic77. on 08 Oct 09, 05:54:15 Can I make my own LLC? for free? if not whats the quickest way to get it? Must have missed ... By: localmentor. on 07 Oct 09, 02:39:50 Must have missed this comment, appologies for a SLOW response. No I don't have an attorney write up an operating agreement. ? just create the articles of organization on the sec. of state's website Assinging Contracts - How to Wholesale - Real Estate Investing Training Video Posted by: localmentor Video duration: 324 seconds Global video hits: 14100 www.localmentor.com get $719 worth of free training - more free real estate investing training videos on wholesaling, flipping houses, buying houses subject to, lease options and much much more. http Related: assinging contracts, wholesaling, how to wholesale houses, michael jake, localmentor, flipping houses Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: Can you upload? ... By: AntPalm8. on 14 Mar 12, 00:05:22 Can you upload? those forms to Google Docs or something so that we may use them? see michaeljake d o ... By: localmentor. on 25 Jun 11, 20:11:16 see michaeljake d o t c? o m for a video on how to build a buyers list, but any contingency in your contract will allow you out of the deal - like "inspection" or "subject to partner approval" now what happens if ... By: Ednyce81. on 24 Jun 11, 21:19:52 now what happens if you cant find a? buyer ? This is a good ... By: imyourlinkdotcom. on 01 Mar 11, 05:13:28 This is a good watch? Great channel! I ... By: showem88. on 22 Jan 11, 13:22:20 Great channel! I just had to stop and leave a comment? GREAT JOB? By: Ibuysellinvest. on 05 Oct 10, 02:52:27 GREAT JOB? - this video is ... By: localmentor. on 18 Sep 10, 20:18:49 - this video is about assigning wholesale deals. If you want to "assign" a contract to buy subject to the existing financing ("get the deed") you could do an assignment like any other, HOWEVER, I feel you should disclose that you are letting someone else step in and be VERY CLEAR about it. DISCLOSE! I would also have a contract that very specifically removes you of liability should your buyer default for any reason. Consider doing a "wrap" transaction - to? protect everyone As the owner as per ... By: HJosephD. on 18 Sep 10, 15:09:36 As the owner as per the "get the deed",why is it necessary to? assign the contract to another purchaser? - I usually try to ... By: localmentor. on 26 Jul 10, 17:14:52 - I usually try to close? the whole deal in 7-14 days - with REO's it takes the selling lender about 3 weeks to close. best exit clause is an inspection clause without a date - means you can get out up to the last minute. Go thru my vid on the 8 steps to wholesaling. Buyers First! if you know your buyers criteria going into the deal you'll already have signed up a deal your buyer wants. Hi Michael, ... By: ske07. on 25 Jul 10, 19:05:45 Hi Michael, Great material here. I am actually based in the UK and am just starting up in the property wholesaling business over here.? Just a quick question; Upon signing the Buying and Selling agreement with the seller how long do you have to assign the contract to one of your investors? and if worst comes to worst and you cannot assign the contract what would happen (bearing in mind buying the house myself would not be an option), is there some type of get out clause etc etc? Thanks Hi Michael, ... By: ske07. on 25 Jul 10, 19:05:12 Hi Michael, Great material? here. I am actually based in the UK and am just starting up in the property wholesaling business over here. Just a quick question; Upon signing the Buying and Selling agreement with the seller how long do you have to assign the contract to one of your investors? and if worst comes to worst and you cannot assign the contract what would happen (bearing in mind buying the house myself would not be an option), is there some type of get out clause etc etc? Thanks Great real estate ... By: RLJ93727. on 15 Jul 10, 15:15:03 Great real estate investing? advice #UN# GREATjob micheal, ... By: treada1583. on 04 Jul 10, 22:38:08 GREATjob micheal,good info,trent? Thank you Michael. ... By: RichJinPA. on 22 Jun 10, 15:19:52 Thank you Michael. That's a great help. I'm trying to initially get into the business by assigning my contracts until I can accumulate some money (unemployed right now). This way if I try other techniques (Sub2, L/O..) I have something for those "just in case" moments. Thank you, again.? - I don't notarize ... By: localmentor. on 21 Jun 10, 22:18:53 - I don't notarize my assignment form. My form does not need to be signed by the seller since my purchase and sale agreement is assignable. I did have one title agent ask for a signed (by seller) assignment form - I got her to agree to have a? separate form without the assignment fee. The seller never really sees my fee, they really only care about the deal closing and them getting what they were promised. Hi Michael. Great ... By: RichJinPA. on 19 Jun 10, 07:33:07 Hi Michael. Great Video. When the buyer and you sign the Assignment Document does it have to be Notarized? ? Also, Is it a MUST that the seller also signs this? If so does the seller ever get upset seeing how much you will make? Look forward to hearing from you. Thank you -? yes, the buyer ... By: localmentor. on 26 Apr 10, 15:30:18 -? yes, the buyer is "buying" that contract Hey Michael, how ... By: sen1twin. on 23 Apr 10, 23:47:31 Hey Michael, how are you? When assigning your contract to the buyer, do you also give them a copy of the purchase contract between you? and the seller? Hi Mike is Walis ... By: walisantana. on 08 Feb 10, 05:12:47 Hi Mike is Walis Santana again,is about the question for the contract,that I need,I'm steel confused,because the closing? company give me a contract for Purchase a home,and I'm not sure if a can use that contract,I have one that is simple is just one page that I got it from someone on the Internet and it said and or assig,other question that I have is do I need any kind of license to make business cards?Thanks Mike for your help I apreciate after you have the ... By: peachtree05. on 26 Nov 09, 02:48:12 after you have the seller signs the contract do you submit the contract to the? title company? and then when you have your buyer sign the contract do you submit that contract to the title company too? and do YOU pull title to look for any encumbrnces, or do you let the buyer do that? "Hi, My name is ... By: localmentor. on 02 May 09, 15:42:32 "Hi, My name is Michael..." I'm not only a wholesaler, but thinking others would be turned off by that fact is a self limiting comment. Never heard that before in real life. Many that find out I wholesale deals are eager to get on my list. "whatever you are,? be a good one" (think that's from Lincoln) As a wholesaler how ... By: space10. on 01 May 09, 03:19:29 As a wholesaler how do you introduce yourself to other investors? I've heard of certain investors being turned off by the notion of wholesaling because they feel that they can find these deals themselves. Do you flat out state that you are a? wholesaler or do you use some other term? Wholesaling Houses Promo 2 - Colorado Real Estate Investing Training Video Posted by: localmentor Video duration: 598 seconds Global video hits: 2923 www.localmentor.com Wholesaling Houses Training Seminar (preview) by Michael Jake, Colorado's Real Estate Investing Mentor. For more real estate investing training visit http Related: wholesaling houses, wholesaling reo, reo wholesaling, flipping properties, michael jake, localmentor, local mentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: Wholesaling Houses Promo 3 - Colorado Real Estate Investing Training Video Posted by: localmentor Video duration: 600 seconds Global video hits: 2499 www.localmentor.com Wholesaling Houses Training Seminar (preview) by Michael Jake, Colorado's Real Estate Investing Mentor. For more real estate investing training visit http Related: wholesaling houses, wholesaling reo, reo wholesaling, flipping properties, michael jake, localmentor, local mentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: - I usually? sell ... By: localmentor. on 27 Oct 10, 18:40:01 - I usually? sell at 75% LESS rehab in my market. We're no where near as soft as some markets so keep that in mind. But as an example, $100,000 after repaired value*75% - 20,000 rehab = 55,000 price to my buyer, so I have to buy it more like 50% of ARV. Every market is different, look at the distressed comps by size range in a target area and you'll see roughly what investors are regularly buying at. That will help you get an idea. @localmentor @ ... By: missrosetejano. on 27 Oct 10, 05:58:11 @localmentor @localmentor how much? of the asking price is considered to be significantly below market value? 30 to 40 per cent below market value Buyer's List FIRST. ... By: localmentor. on 17 Jul 09, 17:02:32 Buyer's List FIRST. Build relationships with your buyers and let them guide you to what THEY want and what they are willing to pay for it - then when you make offers on properties, you KNOW what your buyers will? pay so you can structure a deal that you can sell to them. Go to some Columbus REI meetings. Dave & Steve Zehala know their craft and can give you some guidance to the local area. I purchased steve ... By: 6145304357. on 17 Jul 09, 04:37:35 I purchased steve cooks course and a well known wholesaler in my area of ohio found me threw my signs I put 8 houses under contract in a month and my mentor didnt find one buyer i eventually did a lease option on my own and put 230 bucks in my poket an recieved? a 2,000 check up front I really would like to wholesale but cant find buyers even after i get the houses under contract at crazy low prices i mean 2,000 4,000 6,000 houses what can i do Real Estate Investing Video Training - My 1st Wholesaling Check Posted by: localmentor Video duration: 599 seconds Global video hits: 5224 www.localmentor.com for a ton of free real estate investing training resources. Here's a quick video of how my first REAL wholesale deal went down. How I got the lead, how I negotiated the deal, and how much money I made. Related: estate, flip, flipping, houses, how, investing, jake, michael, real, to, wholesale, wholesaling, michael jake Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: 1. $5-10 per lead ... By: localmentor. on 01 Oct 09, 23:29:25 1. $5-10 per lead and a bonus if? I buy a deal 2. big secret!!!! Landlords and estates, condemned, fire damaged - cover all those bases regularly and you'll be "cookin' with gas" How's it going! ... By: mstrmd1. on 01 Oct 09, 16:06:09 How's it going! Thank you for all you do! 1. How much do you pay "birddogs" and do you pay by the lead? 2. You? said in your other video "people won't take the time to find who to market to". I will take the time, how do I find the folks to market to? Thanks! This video is great ... By: nthgnthway. on 09 Sep 09, 00:44:34 This video is great because it demonstrates the simplicity of your first deal WITHOUT implying that it was easy. In an odd way, it's very humbling. It took the ability to aquire some knowlege, take action and recognize an opportunity...period! I loved this video...puts? things in perspective. Thanks Mike I sell the "deal" ... By: localmentor. on 26 Aug 09, 23:15:19 I sell the "deal" based on what a fix-n-flipper would pay in the given market - my fee is the difference between that price and the contract price I? negotiated with the seller. how do you come up ... By: PeepMoeGame. on 22 Aug 09, 21:30:26 how do you come up with your? fee? My list of serious ... By: localmentor. on 18 Mar 09, 15:30:15 My list of serious buyers at any given time could be counted on one hand. I have a pretty good relationship with them, and as long as they are getting the spread they need, how much I make I found to be irrelevant. What you make relative to the value of the house may factor whether you assign or double close. I know? some investors that get a bunch of crap from their buyers if they make 3k, but relative to the cost of the deal, they think it's a lot. Real Estate Investing Training Video - How To Wholesale Houses Part 2 Posted by: localmentor Video duration: 514 seconds Global video hits: 10000 Real Estate investing video training www.localmentor.com Michael Jake discusses how to simplify wholesaling houses. Simple Steps to Wholesale a House for Cash in less than 2 weeks (more) Related: localmentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: WOW Awesome Video! ... By: AntPalm8. on 17 Mar 12, 04:42:46 WOW Awesome Video! Question.... Who does my buyer give the earnest money? to? Me? Title Company? Someone else? Thank you so much ... By: themadtrombonist. on 07 Feb 12, 01:14:07 Thank you so much for these videos! It's exactly what a beginner like me needs for knowledge and confidence.? Hi Mike, I have two ... By: MBJB07. on 13 Dec 11, 01:52:11 Hi Mike, I have two quick questions... 1. Do I need a lawyer to make my contracts for me so I can be sure they're water-tight? If not a lawyer, then who? 2. If I don't know the buyer and I ask for earnest money, how much should the check be for, and does it go to the title company or do I keep it? Great videos! You summed it all up nice. I knew it couldn't be as? hard as all the other videos make it sound. Thanks! ~ Michael - most of the ... By: localmentor. on 19 Sep 11, 16:12:00 - most of the houses we wholesale are trashed - that's why we get them so cheap. It actually confuses rehabbers/buyers if the house is too nice. Wholesaling junkers is? what it is - buyers are fix and flippers and they don't care what they look like, they only care there's enough spread to cover rehab costs and a profit. hi there some ... By: 23muba. on 17 Sep 11, 16:18:50 hi there some general questions about wholesaling, If the house is trashed what can be done? I mean when you show it to your local buyer, what if? he says no? Whats the exit plan? Thanks. also i have a ... By: kiddreaper1. on 10 Aug 11, 00:22:01 also i have a meeting with him on? thursday to view the house so i wanted to know what to say to him about the contract. he lives in the house currently. O yes i am trying ... By: kiddreaper1. on 10 Aug 11, 00:19:53 O yes i am trying to whole sale so i was making sure i have the right contract printed out. I had that document printed already. thank you. as for the guy. i was not trying to do a "subject to" the guy needs to move out but he owes 42000. he said he talked to the bank and they told him he can't put it under contract or they will accelerate? the loan. I wanted to explain to him they won't do that because banks don't want properties they just want the money. ....would not ... By: localmentor. on 09 Aug 11, 18:48:17 ....would not violate a due on sale clause unless the contract spanned a very long time (like a 3? year option for instance). You might need to get clarification. Once you go to contract on a wholesale you're going to find a buyer and assign (or double close) at which time (closing) the original lien holder gets paid off anyway. no problem. - if we're talking ... By: localmentor. on 09 Aug 11, 18:46:30 - if we're talking wholesaling, I use a purchase and sale agreement - this gives me control of the property. Many of the deals I wholesale (or rehab for that matter) are vacant - my contract says I can have access to the house to show contractors or lenders, etc. this allows you to show it to buyers as well. "recall the loan in? full" for going to contract? they can't and how would they know anyway. Are you trying to do a "subject to" deal? just going to contract to sell .... Hi jake. I am also ... By: kiddreaper1. on 09 Aug 11, 18:25:36 Hi jake. I am also just starting off. I have a website that brings buyers to me. I have 2 questions 1. what form do i give the seller to turn the property over to me. my next question is i have a? motivated seller but he is saying he can't put it under contract because the bank will recall his loan in full. what do i do to get around this? - I get asked that ... By: localmentor. on 25 Jun 11, 20:09:12 - I get asked that question a lot! If you tie up a good deal, you usually have people fighting over it. I do? have an inspection clause in my contract without a date contingency that allows me to get out of the contract up to the last minute. Build a buyers list first (see MichaelJake d o t c o m for a video on that) and that will give a piece of mind that you'll be able to move your deal when you get it! what if you cant ... By: Ednyce81. on 24 Jun 11, 20:17:27 what if you cant find a buyer is what i? meant to say now my question is ... By: Ednyce81. on 24 Jun 11, 20:11:59 now my question is this. what is you cant find a buyer ? do you get stuck with the house or is there a clause in the contract that you can just give it back free & clear ? because im new to this and am looking forward to my first sale. been reading alot of books & stuff & just want to? get all the info i can be4 i begin. thanx you're resale ... By: localmentor. on 29 Mar 11, 22:59:09 you're resale contract needs? to be contingent on you closing with the seller. How would a double ... By: Djdmc. on 29 Mar 11, 17:46:34 How would a double closing go, from my understanding the investor comes? in first and pays and then the seller comes in and closes and collects his or her money, but what if the seller chooses to back out of the deal on the day of closing. ok.. thanks there? ... By: crazy3rdgen. on 28 Feb 11, 19:43:47 ok.. thanks there? you are most of the time ... By: localmentor. on 28 Feb 11, 18:35:40 most of the time the buyer brings a check to my company at closing and one to the title company (or a wire). Sometimes they use a HARD MONEY LENDER to fund both purchase and assignment fee, in this case, they wire all of it to the title company and the title company issues me a check and that amount? is on the settlement statement. You can get all my paperwork with "The Lazy Man's Guide To Wholesaling Houses" on my MichaelJake website yes but these ... By: crazy3rdgen. on 28 Feb 11, 18:24:44 yes but these transactions are made at the title company? Does the investor cut you a check or the title company? Also i sent you a message.. Im very interested in checking out your purchase agreement contract with the seller, and also the buyers contract you assign to your investor.. I have the assignment agreement already. if you dont mind please reply to my message i sent you to your inbox.. thanks for your time ? - if assigning a ... By: localmentor. on 26 Feb 11, 19:38:46 - if assigning a contract, you get paid for the contract and the contract buyer brings money to the closing to pay? for the house. now i missed the ... By: crazy3rdgen. on 24 Feb 11, 21:41:35 now i missed the process of payment. Explain how that? works, would the investor give you the 60k?? I like what you are ... By: TheREIMaverick. on 22 Jan 11, 08:49:10 I like what you are doing here? and I like your videos! Keep up the good work! Also 1 quick questions....how long have you been using videos to market your message online? great? vedeos.. ... By: gcp2000. on 28 Aug 10, 20:26:23 great? vedeos.. Just trying to creating enough guts to gets started. Good real? estate ... By: RLJ93727. on 15 Jul 10, 17:50:09 Good real? estate video Question? Can you ... By: wealthinvestor80. on 24 Jan 10, 00:04:09 Question? Can you please explain how the Earnest Money Deposit works on both? ends do I give it to the title company? (Great info it keeps me going!) How to Wholesale - Filling out an Assignment of Contract Form Real Estate Investing Training Video Posted by: localmentor Video duration: 275 seconds Global video hits: 11737 www.localmentor.com Here's how simple it is to fill out a basic assignment of contract form when wholesaling a house or any type of deal - subject to, wholesale, whatever. Related: wholesaling houses, wholesaling properties, wholesaling reo, michael jake, localmentor, flipping houses, flipping property Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: Hello Michael - I ... By: thnksmarter. on 22 Feb 12, 01:48:32 Hello Michael - I do believe that your video is the easiest to find concerning Wholesale agreements. I must, however, pose my question to you which is what title you would put as the Assignee Buyer if you have not found an earnest buyer for that property yet? Also, do you have a fillable copy of an agreement between the Assignor and the Seller? Thank you for the videos. I was using it up? until I didn't know what to put in the buyer block. yea...this is a? ... By: showem88. on 21 Jan 11, 21:53:40 yea...this is a? great video! Thank you for posting! Real benaughty ... By: madaraddeumiployolbc. on 13 Jan 11, 05:34:37 Real benaughty brides are there ? **benaughtyman.info** The same exact ... By: danadane561. on 25 Dec 10, 07:37:28 The same exact thing is going through my mind. Do I speak to a? lawyer 1st, so on and so forth? first transaction ... By: SOLDHOMES2010. on 16 Nov 10, 15:07:36 first transaction before x-mas lol I need money ASAP!! Do you think this is possible? I? reccently just added to people to my buyers list and they are eager and ready I just don't have any properties yet and having a hard time finding them because I am a little confused on how to approach them and also who to approach. I work at Lowes Home center so i work with contractors and Investors everday and everybody is looking for a great deal but I can't find properties what should I do? Hi Micheal, I just ... By: SOLDHOMES2010. on 16 Nov 10, 15:03:02 Hi Micheal, I just getting into the wholesale business and wanted to know when you approach a seller about a property the assignment contract is saying you will get the proerty sold right? And how should you date it to have enough time to sell it? or should you wait untill you have a buyer? Also do I need to find a title company to process my transaction before I get started? Do I need a small business? license before I get started also? I am very excited and ready to get started I want to do my Hey Bud Great Vid ? By: Ibuysellinvest. on 05 Oct 10, 02:59:12 Hey Bud Great Vid ? - Deposit? I get ... By: localmentor. on 27 Sep 10, 23:06:30 - Deposit? I get equal to or greater than my earnest money (min. 2k) then the balance at closing -? assignment or LLC sale doc reflects the deposit. Hi Michael, great ... By: WolfSpyder3164. on 22 Sep 10, 03:58:20 Hi Michael, great vid, I love all your stuff. Couple questions: How much of a deposit do you take from the buyer? The earnest deposit from the buyer is made out to the title company correct? And do you list the earnest deposit amount on the assignment form? Keep up the great work, love the? website too! To anyone looking to get started in real estate: it DOES work, you just have to have the guts to work it! I do HIGHLY recommend finding a mentor, but if you have the guts you don't need to. - this is between ... By: localmentor. on 18 Sep 10, 20:14:16 - this is between you and your buyer, not you and the seller, so YES, you do put the assignment amount on there. I've? only once been asked to have the seller sign an assignment form (using my contract that has a VERY WELL CRAFTED assignment provision) and in this case I did use another form (similar) without the dollar amount - so the seller knew I was assigning but didn't know for how much. Is it necessary to ... By: HJosephD. on 18 Sep 10, 15:16:19 Is it necessary to put the compensation amount in the document? Couldn't? it be for "value and consideration"? Joseph - buyer pays me -? ... By: swiftresults. on 30 Aug 10, 22:46:40 - buyer pays me -? and usually I get a deposit up front and the rest at closing. you? don't mention ... By: gcp2000. on 28 Aug 10, 20:55:51 you? don't mention who pays you, the Assignor? I presume it is the buyer at closing -- I've been ... By: sonos327. on 23 Jun 10, 15:25:56 -- I've been looking up all this information and reading as much as I can to get started in real estate wholesaling. I'm out of work and the unemployment is about to run out! Can you really make money this way ? What is REALLY the first thing you do? See a lawyer to get the right forms? or go talk to a home owner and hopefully NOT make an ass of yourself discussing something you don't know anything about? I wanna do this but not sure how....advice? where do i get an ... By: YANAMization. on 09 Jun 10, 02:06:28 where do i get an assignment of contract? and what type of paper should? i be printed on - couldn't hurt - ... By: localmentor. on 27 Apr 10, 22:05:50 - couldn't hurt - if even to review? your contracts/assignment forms, etc. Should I meet? with ... By: dellario25. on 27 Apr 10, 19:36:54 Should I meet? with a lawyer before making a move into wholesaling?? yes? By: localmentor. on 26 Apr 10, 15:30:43 yes? when assigning your ... By: sen1twin. on 23 Apr 10, 23:57:04 when assigning your contract to the buyer, do you also give them a copy of the purchase contract between you and? the seller? you only need one ... By: localmentor. on 03 Feb 10, 01:16:27 you only need one contract for an assignment - the title company probably gave you a state approved version. You just need an assignment? clause in it or you go old school and write "and/or assigns" after the contract buyer. Mike I living on ... By: walisantana. on 28 Jan 10, 00:16:55 Mike I living on San Diego California,I got my purchase and sale agreement and I have a contract that the? Escrows company give me,how do I suppouse to use both of them? Never had someone ... By: localmentor. on 01 Dec 09, 03:30:23 Never had someone try to cut me out of a deal. 1st time with a new buyer I have a "coming to Jesus" talk with them and I know how to? secure my interest in title before closing. I deal with buyers I know and trust and have good relations with. many started at CAREI my local REIA. You can ask around to at REIAs and find out who the real deals are and who the scumbags are. 99% are vacant. ... By: localmentor. on 01 Dec 09, 03:28:40 99% are vacant. When I get an occupied one, I tell them (after the contract is signed) I will need to bring one or more of my investor/partners thru to inspect the house. I have a? clause in my contract to show the house, put a sign in the yard and a lockbox on the house - when Occupied, I do not put a sign out there (often they don't neighbors knowing what's going on) and I don't show it when they aren't there for liability issues since they still have personal property in the house. are these houses ... By: peachtree05. on 26 Nov 09, 02:57:12 are these houses that you wholesale vacant? what happens when the owner lives in the home and the buyer sees that you're not the owner? do they try to cut you out of the? deal? i heard that buyers will somtimes try and cut the wholesaler out of the deal once they find out the wholesaler isnt really the owner. Wholesale Deal to Fix and Flip Real Estate Investing Video Posted by: localmentor Video duration: 245 seconds Global video hits: 3504 www.localmentor.com - here's a follow up video of one of the nastiest houses I'd wholesaled. I wholesaled this to one of my local mentoring students who let me show you the finished product. This house is GORGEOUS! I hope you realize what a piece of crap house can look like after a skilled rehabber gets done with it. Michael Jake Related: and, estate, fix, flip, houses, investing, jake, michael, real, training, video, wholesaling, www.localmentor.com, michael jake Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: OMG!!! That was ... By: justbyf8h. on 30 Jun 09, 00:01:19 OMG!!! That was amazing! I never thought you guys can really do a "full makeover" to that disgusting house! Normal people will just walk away, but you guys found a gold under trash! Goodjob Mike! Do you have recent videos? All i see are? from 2008 ... just probably have to keep lookin! I wholesaled this ... By: localmentor. on 05 Mar 09, 21:24:50 I wholesaled this one, so I didn't do? the rehab, but I believe it was around 35k. Real Estate Investing Video Training - Driving for Dollars Posted by: localmentor Video duration: 461 seconds Global video hits: 3135 www.localmentor.com I had a few minutes to kill before an appt. so I thought I'd show you some driving for dollars tactics I use to find ugly vacant junkers to wholesale or fix and flip. The neighborhood was a bit "up-scale" for a typical 2 in 10 junker area, but I found 1. At the end of the video I plugged in some photos to show you what they often look like Related: driving for dollars, wholesaling, flipping properties, mentoring, coaching, michael jake, localmentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: - yes. see my video ... By: localmentor. on 15 Sep 11, 23:49:45 - yes. see my video "How to Wholesale? REO's - Real Estate Investing Training Video" and also "Can You Assign REO's? Real Estate Investing Training Video" Hello Michael, ... By: mblancomtg. on 15 Sep 11, 02:41:03 Hello Michael, Quick question, what would you do if you find a house own by a bank? How would you approach that deal? can you wholesale? a property owned by a bank? by the way great videos! thank you! Venango County ... By: venangocountynow. on 10 Jul 11, 01:07:31 Venango County Pennsylvania has very inexpenive houses, but not for long. People are rushing to PA to invest in the gas industry boom of Marcellus Shale. Check out OIl City PA, the hub of both Marcellus Shale and Utica shale opportunities for great deals on houses. Now is the time to take advantage of these prices because in the next year things will really be taking off here and houses will fly off the market as people? move to the area for jobs. Very nice real? ... By: RLJ93727. on 15 Jul 10, 15:46:39 Very nice real? estate video - you have to find ... By: localmentor. on 02 Apr 10, 17:29:28 - you have to find out who owns it before you can do anything. Tax assessor information will tell you who owns it - take the name and try to use a reverse? directory to find a phone number for the owner - if that doesn't work, mail to the tax mailing address on the tax assessor's site. What happends when ... By: ozzyjessy. on 02 Apr 10, 01:14:49 What happends when u see a house? vacant? Send a letter or see who owns the house? Real Estate Investing Training Video - Trashed House Part 1 Posted by: localmentor Video duration: 113 seconds Global video hits: 1943 Real Estate Investing Training Video What a Trashed House looks like Before Rehab Part 1. One of my contractors called me on this trashed house. He estimated the haul away to be at $5000 or more. Despite the appearance, my bid on the rehab by contractor was $15000. I'll add a $5000 cushion for the stuff he won't do and misc. 'whoops' factor. localmentor.com Related: localmentor Display Video Comments | Hide Video Comments | Add Comment Latest comments made on this video: I'm always amazed ... By: MBJB07. on 01 Feb 12, 04:54:59 I'm always amazed at these videos. How can people? live like that?!?!?! I've seen worse. ... By: fleeciewool. on 03 Aug 10, 00:47:43 I've seen worse. They took shits? in the bathtub but not all over the house, and it seems like they were living in relative cleanliness prior to trashing the place. Page: 1 2 3 4 5   You like it? Share it! Social Bookmarking

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