We're not bad people at all. We actually help the people real estate agents Dont want any parts of. I'm 8 houses in. might need to get a license but I'm ALSO GOING TO WHOLESALE. Period 😁
@jakolbycornelius5192
3 жыл бұрын
I had the same idea. 💯
@LifeofBlog
3 жыл бұрын
I'mma keep wholesaling
@kashchange4289
3 жыл бұрын
What state do you wholesale in?
@vontemarquise4218
3 жыл бұрын
@@kashchange4289 Baltimore
@entrepreneur1013
3 жыл бұрын
what state are you in, you a reall hustle
@mohammadsayyad7928
3 жыл бұрын
I always try to use an Affidavit Memorandum on my deals. That way it protects me from being cut out of the deal and the deal only goes through me. Love your work Lili.
@TriStatePlayer1
3 жыл бұрын
Great info Lili. Hi Mohammad, brother I was wondering if you’re willing to share some info on the Virtual Wholesaling or be my mentor then Please DM. Looking forward to hear from you.
@kashchange4289
3 жыл бұрын
Let me know what market you’re in. I am a cash buyer.
@vilheard3030
3 жыл бұрын
@@kashchange4289 what market are you in?
@kashchange4289
3 жыл бұрын
@@vilheard3030 currently virtually in Indiana and Maryland (Baltimore), but I am based out of San Diego California.
@vilheard3030
3 жыл бұрын
@@kashchange4289 ahh ok gotcha.
@samanthacrisp9294
3 жыл бұрын
Honesty, honesty, honesty...always pays off!
@audreytruesdale4756
3 жыл бұрын
It will NOT become “illegal” but I think we need to regulate and police ourselves better...
@blancaash8807
3 жыл бұрын
Good points... it’s been a mental struggle for me. I’ve dealt with so many sleazy wholesalers and I’m so done with that! I don’t even accept that label. I never call myself a wholesaler ever!
@loulupero4147
3 жыл бұрын
Don’t call yourself wholesaler. (Investor) We don’t solicit off market. Our focus on market with Realestate agents. Very successful.
@elizabethvargas4165
3 жыл бұрын
I GUESS YOU MET ALL IMPLACABLE REAL ESTATES AGENTS PLSSS.
@-killemquietly
2 жыл бұрын
Bravo young lady! I’ve been in the real estate business as an agent for 30 years, and you’re one of the best I’ve seen if not the best. I think it’s all about doing the right thing and it’s a shame a few bad apples will ruin it for the rest of you guys. I’d work with you anytime.
@TheConstructionKings
3 жыл бұрын
I really like your content, keep up the good work. This happens a lot and one of the biggest reasons I don't wholesale. Now I purchase and just list in the MLS (Wholetail) you make more money.
@cavemanjoe7972
3 жыл бұрын
Do you actually purchase, or put them under contract?
@paulettebrown2413
3 жыл бұрын
I love the transparency. I was just wondering what I could say to a seller once I get started. It’s OK to say that you are the deal finder. That way people will have more trust in you.
@nickbutter9270
3 жыл бұрын
Next time To put a halt on it ... (Another person taking your deal) Affidavit of Memorandum... fill it out... submit it to the court. That will lock up your deal.
@entrepreneur1013
3 жыл бұрын
whats is a affidavit of memorandum
@nickbutter9270
3 жыл бұрын
@@entrepreneur1013 It's a form that you (AND ONLY YOU.... the seller and prospective buyer need not sign it or even know about it) fill out notarize it and submit it to the court house. It will basically block the seller from going with another buyer or wholesaler once you have them under contract. Why because with that form submitted to the court if the seller try to go with some ones else and when things goes to title, the title company will see that the property is already under contract with someone else. And only you can release the block if you want so the seller can go with someone else. Jerry Norton on KZitem is better in going into detail on it. And he wont leave you guessing on certain topics like LiLi does. Here is a link to Jerry's video ( kzitem.info/news/bejne/qYiYlniYo4Z2fmU ) and he gives you the form to download free.
@entrepreneur1013
3 жыл бұрын
@@nickbutter9270 good information, i see you been in business for awhile to know that
@nicolepierre6048
3 жыл бұрын
Great video Lili! I am a licensed RE in Florida whose interested in wholesaling. Most agents don't like wholesalers lol but I see the value in it and want to incorporate BOTH :) $$
@elizabethvargas4165
3 жыл бұрын
I heard that you cannot be both.
@catiz2718
2 жыл бұрын
Os true but just you need to in active your license and thats it, ;)
@mrobinson7750
3 жыл бұрын
I got into Real Estate by learning wholesaling first and then decided to go ahead and get my license. Your point of view is pretty unique when it comes to wholesaling.... Some of the most popular wholesalers are adamant about not disclosing the fact that they’re wholesalers and they pretty much think that the less the home owner knows the better... I agree with you when you say that it doesn’t have to be that way... A good salesperson should be able to put the facts on the table and give the home owner the option to make sound decisions... Wholesalers being anti disclosure & the Real Estate commissions being full Disclosure is the root of the problem. But as you said it doesn’t necessarily have to be that way... All it would take is some slight changes in the approach toward the homeowners...
@vilheard3030
3 жыл бұрын
Well said,how long does it take to get your real estate license?I've been thinking about getting my license anyway.
@mrobinson7750
3 жыл бұрын
@@vilheard3030 Real Estate School for me took about 3 weeks. Then once you finish the school sponsors you to take the test. In NJ the test takes around 3 to 4 hrs
@vilheard3030
3 жыл бұрын
@@mrobinson7750ok that's not bad,I guess I'll be going to real estate school soon.
@mrobinson7750
3 жыл бұрын
@@vilheard3030 It won’t hurt to have the added credentials.
@vilheard3030
3 жыл бұрын
@@mrobinson7750 exactly and it's way less than I expected it to be.Thanks for info!
@melissakile13
3 жыл бұрын
I first heard you on the wholesaling inc podcast and I loved it! I’m binge watching all your videos to learn as much as possible. Thanks for sharing your knowledge and experience.
@courtneyconchola8967
3 жыл бұрын
Yes I heard that’s called getting “back doored” and there is a clause you can place in your contract to prevent it from happening.
@junevelaz
3 жыл бұрын
Great video!!!!! I actually seen on the news that wholesalers in Philly will need a license which cost $200 a year and will need insurance for the business.
@richie5959
3 жыл бұрын
That’s pennies when you consider the possible return.
@jalabi99
3 жыл бұрын
@@richie5959 exactly. Two hundred a year for a license when you could be making twenty grand a deal? It's nothing.
@vilheard3030
3 жыл бұрын
@@richie5959 you sound just like my mentor lol,true though.
@delilahmorales555
3 жыл бұрын
Sad to find out that Illinois has so many restrictions on it. I have to get my real estate license in order to do it. I did so much research on wholesaling for like a whole week to find out I’m not able to do it in my state
@delilahmorales555
3 жыл бұрын
@DLO 06 you can get away with one deal but any more than that you need ine
@nicholasgryglewski5995
3 жыл бұрын
Your voice is great, very easy to follow and precise. Keep up the good work! Definitely worth a sub.
@mferrarorace
3 жыл бұрын
We need to limit our exposure to government They need to start working for us, as we hired them. They seem to forget, Gov needs to stay out of business, period. In the meantime they can explain to us how are they have 5MM dollar homes on 130k a year salary.
@watchthisnow321
3 жыл бұрын
It's just words on paper. If you don't have proof of funds, anyone can circumvent you.
@mikaylasimone4914
3 жыл бұрын
So its a good thing that I want to do both? (wholesale+real estate agent)
@Feddy99
3 жыл бұрын
Exactly what I'm doing too start my real estate classes in 2 months and so far I'm the youngest person in the class at age 21 based off the roster they put out
@cavemanjoe7972
3 жыл бұрын
Lili, delete Mark Jones' comment, but make sure to block every single commenter in the thread who mentions bitcoin. They're all scammers for the same guy.
@LLCoolll
3 жыл бұрын
Wholesaling real estate is just like being a Freight broker, there’s always a middle man. Great video!
@patrickturner1383
3 жыл бұрын
Yes it’s is ...they need need to start signing petitions and shit to put a stop to that now !!!
@Donovandoit2me
3 жыл бұрын
thats why they should get real estate licenses
@thought22331
3 жыл бұрын
Just starting great advice
@Donovandoit2me
3 жыл бұрын
@DLO 06 A few things. When a home owner is ready to sell. They are ready to sell. They tend to have this preconceived notion that they are going to get ripped off by agents but 9 times out of 10 they always end up coming back to agents.. I have snatched away many a deals from wholesalers. Also many state are moving towards making wholesaling illegal. Lets look at it for what it is. You selling real estate without a license. I have never met a wholesaler who was entirely honest about the process. I know of multiple law suits against wholesalers who did not fully disclose to homeowner they where selling their homes. Even though they signed the contract the homers are stating that the wholesaler promised to help them get the home back at a later date. And the deals have a name on the licensed side. They are called "NETE LISTINGS". So If Homeowner and I agree to listing a home at 500k and it sells for 800k I keep everything over asking. If I can do it how can somebody who is not licensed do it? and those Net listings are illegal now in all 50 states.
@Donovandoit2me
3 жыл бұрын
@DLO 06 In a lot of states yes it becoming illegal. Buddy. Google Illinois law on wholesaling. And Other states are following. There currently 7 states with laws on wholesaling pending. Google that buddy...LOL I know its a double close but it is still selling real estate
@nostateproject
3 жыл бұрын
Deliberately overbidding to lock everyone out is a HUGE problem and the agents I'm working with can't stand wholesalers. They get the contract and then hard sell dropping the price to where the rest of us were bidding.
@lucianmcclanahan9551
3 жыл бұрын
Keep going LILI!!!! You’re killin it!
@MadMikeX70
3 жыл бұрын
My experience with wholesale properties as a licensed real estate agent is mixed . Some deals went smooth others crashed and burned. We have license laws and ethic requirements as a licensed agent for a reason .
@c.m.2747
3 жыл бұрын
It needs to be regulated big time. It's too loose right now and there's some unscrupulous people out there giving homeowners 20k while keeping 50k. Idk how they sleep at night.
@dankmeme1409
3 жыл бұрын
This reminds me of Uber and Taxi/Cab beef
@kentrock
3 жыл бұрын
Sooo true because I used to be in that business lol
@seangallagher4498
3 жыл бұрын
Omg Lili I knew you looked so familiar. Definitely have seen some of your college basketball games. Just looked up your stats! good 3pt shooter!
@vilheard3030
3 жыл бұрын
I KNEW SHE COULD PLAY BALL!!
@dotunadeleke173
3 жыл бұрын
I think people are over reacting over this ,my opinion is if a law is made in ur state abide with it nd get ur lisence and keep making ur money period.
@elizabethvargas4165
3 жыл бұрын
RIGHT SO YOU SAY UNTILL THEY FIND SOMETHING ELSE AND MAKE US SIGN IT.
@marjn1030
3 жыл бұрын
Wholesaling works different from being a real estate agent
@QDEATHANON
2 жыл бұрын
I appreciate your professionalism Lili. You have excellent content detailing the hustle and it's also entertaining seeing the process come to life. You have inspired me to explore the process further. However, the main issues I see concerning REA's (real estate agents) and Ws's (wholesalers) are: 1) As a profession, licensed agents have taken many costly hours in Principles, Law, Contracts, Forms, and Finance and are required to continue educating, whereas Ws's have no requirements/obligations to any state or nationally regulated education (just learning the loophole strategies). 2) In order to serve clients in a professional capacity, real estate agents have applied for the licensing, been fingerprinted, and background checked by the FBI. Who vets the Ws's background? It just seems that there are double standards in regard to earning commissions in a real estate transaction for those who have done the tedious work and are legally allowed to take fair "pay" and those who haven't and "earned" that massive "fee." Just my opinion...
@brokenstacker8297
3 жыл бұрын
When you secure a deal on a home do you tell the home owner how much you plan on making? Taking advantage of a distressed home is much different from taking advantage of a distressed seller.
@bethnelson9137
3 жыл бұрын
Thank you so much for the information! I am actually trying to get started in wholesaling and I've really enjoyed your content! Ironically, I'm in Tulsa as well!
@ameena1309
3 жыл бұрын
This is so true. I Love the content & the breakdown of what's going on. People water down the ethics of this business because of bad numbers, & unethical behaviour. RealEstate Agents are just mad!
@worldhealthrn
2 жыл бұрын
Part of the problem is who the property goes to after it's renovated...if they are mostly rentals(brings down community value or decreases chances of first time home owners getting a property and starting to build wealth in what should be an affordable neighborhood) or price neighbors who have kept up their properties way out of the market through higher taxes or foreclosure ...in a way that is squeezing equity out of whole communities and concentrating wealth in the hands of fewer and fewer people
@Char_harris
3 жыл бұрын
Yup I live in Philadelphia, where the market is in very high demand and as of January of this year, wholesalers are REQUIRED to obtain a wholesalers license. It's really just a $200 fee for a legal piece of 📃 🙄 No classes or exams, as the wholesalers does not have the same ethical practices as agents and brokers. Philadelphia is an area of rapid gentrification and,, now with over 3billion in commercial and residential real estate, invested in just the last 2years, the city is cracking down and passing new legislations left and right 😒
@a1phabet162
3 жыл бұрын
Wanna why that is cause a lot people are doing it like finding a loophole if u keep it by urself it won’t explode but if u share it on social media it will get a lot of attention that’s why Philadelphia past that law now who knows how many more states will do that
@nyssamojica2945
3 жыл бұрын
I love how you explain everything. To the point! Subscribed!
@sarah.galicia
2 жыл бұрын
There’s nothing unethical about wholesaling. It’s a way of life. 🤓 You have taught me a lot in this space and I’m stoked to learn more about it & how to help wholesaling create a better name in the industry, if it remains. Keep doing your thing girl! Your videos are much appreciated.
@jammieondemand4339
3 жыл бұрын
Hi Lili am jammie am not a regular drop by on your channel but I really like your content and it has helped me make some sound decision in real estate here in Kenya..I would like to really thank you so much so so much ..may you have in abundance...in the last year I have been able to purchase 3 property..thank you so much
@blueindigo7690
3 жыл бұрын
I was interested at one point....but not anymore. After learning about all the problems, and how much wholesalers are hated... I am not going to bother. Now government regulators are making it illegal. Seems scammy to me.
@seanenright7121
3 жыл бұрын
Stay informed... be transparent... disclosure is key. Know your states real estate laws and statutes. Keep yourself surrounded with solid people in the industry and prosper !!!
@rayamanelly
3 жыл бұрын
I can understand the push to regulate the industry when I come to youtube to educate my see videos of wholesalers boasting about such lucrative spreads on small deals when agents are only allowed to collect a small percentage of the actually sale. One such video was of a guy who made a whooping 97k on a deal.
@c.m.2747
3 жыл бұрын
With no money involved. While us, the ones with the Bj's, carrying all the stress, expense, liability and production of a rehab , have to wait until someone lets go of a deal or actually comes up with something decent that has some meat left in the bones. I had been wondering how long it was gonna take for the government to regulate this.
@MarieRhondelle
3 жыл бұрын
Other than your videos, I don't know much about wholesaling, but it doesn't seem inherently unethical. Similarly, being a landlord is also often seen as unethical, but I don't think it has to be if you provide reasonable priced, well-maintained housing.
@melaneehester634
3 жыл бұрын
I’m new to the game, but I’m ready to jump right in and get started! I plan on purchasing your class on tomorrow! I know you’re consistently growing, but will I still be able to get the “practice one-on-one time” for certain?
@valerierae2052
3 жыл бұрын
I freaking love you. You explain everything so well. 🙏🏼🙌🏼🙌🏼🙌🏼
@kailaunch5342
3 жыл бұрын
As soon as I find a way to change my life I see this, that’s tough
@nachooo1717
3 жыл бұрын
Its just your mindset and attitude. You can still adapt and still make money and change your life ,don't give up.
@lhg3242
3 жыл бұрын
So annoying
@patrickturner1383
3 жыл бұрын
Man I just found out bout this I said the same thing
@FEMI9INEOracle
3 жыл бұрын
Exactly! Good to see someone can understand and relate. It’s like ppl don’t want you to make it at all in life. That’s just how I feel.
@MrLarryDallas45
3 жыл бұрын
WOW! I was just thinking the same exact thing. Just stick with it, you'll be successful.
@stayanddrown
3 жыл бұрын
Can someone correct me if I'm wrong on this. But isn't it legal to put a property under contract without "intent to buy" with no license. Isn't that why a lot of wholesalers don't disclose they are the middleman?
@VanityLuxe
3 жыл бұрын
No it's illegal to MARKET a property you don't intend to buy. People get selling houses and selling contracts as something interchangeable. RE agents sell houses, wholesalers sell contracts. RE market houses, which they have a legal contract In place that says they intend to market your property for sale on your behalf. Wholesalers however DO NOT have the right to market the home for sale on their own behalf. That illegal, all though many wholesales do this. THEY SHOULDN'T, post any pictures of someone else's house on facebook, or craigslist. Even if they have a contract. Because you don't have the RIGHT to sell someone's house. ONLY your contract aka your equitable interest. Your EMD is your intent to buy.
@stayanddrown
3 жыл бұрын
@@VanityLuxe Thank you for the clarification. I appreciate it!
@SLIMHARDAWAY543
3 жыл бұрын
Just subscribed 🙌🏾🙌🏾 I’m jumping on the train here in Texas ! Still learning the ins&outs.
@humbertoperez4446
Жыл бұрын
I've actually put a stipulation in my contacts avoiding this from happening..love your vids
@handycrafted816
3 жыл бұрын
New SUBBIE! Please keep on with these videos and your 5-day bootcamp. I'm saving money so I can RSVP for the next one. Thanks Lili!
@eddiesetgoals3210
3 жыл бұрын
Really great video! I love the honesty and you speak very well 💯
@ecosov1
3 жыл бұрын
great stuff lili in gonna wholessali in 2021
@loulupero4147
3 жыл бұрын
Why wouldn’t you sign memorandum protect deal?
@purposeXpower
3 жыл бұрын
You are an ANGEL for sharing this information. Thank you!
@MrBernaln2
3 жыл бұрын
Respect for showing the shark aspect of things
@faysalbedani3rd
2 жыл бұрын
Wholesalers are needed to help buyers who are having hard time finding homes and homeowners having hard time finding buyers due to the distress of the houses..
@kenseal35
3 жыл бұрын
No dislikes.... let’s keep it that way! Love the video keep up the great work ! #oneLove
@justinj9457
3 жыл бұрын
One way you can work around this is wholetailing right? Also using short term loans( transactional funding)
@deaneng8540
3 жыл бұрын
Justin good point! That would be work around since your're taking ownership. Sounds Philly wants you to improve it first. But I don't think there was a definition of improvements.
@kristenjennings1240
3 жыл бұрын
you are so inspiring!!! , I'm learning all I can and hopefully soon will be able to attend your beginners boot camp
@reflexboxer2ndlt807
3 жыл бұрын
They wouldn’t make it illegal. They would just set restrictions to avoid mishaps and prevent unethical practices. Such as forcing us to disclose who we are. That is something that would help the wholesaling community.
@k8yrt
3 жыл бұрын
I love your channel I even have a whole playlist of your videos.......................
@dianejohnson9477
3 жыл бұрын
Lili yre the bomb girl! But tht story of that fraudulent cashbuyer stealing yr deal right from under you was nasty, you should put his name out there! Itll all come back to him. You go girl!
@williee2439
3 жыл бұрын
They MIGHT, Dont give up guys
@lingling4166
3 жыл бұрын
idk man i was thinking about doing this in the future idk about that now
@TitleistGolf13
3 жыл бұрын
As long as you keep it on the DL and try not to work with the same agent I mean who will really know , of course I'm in IL #FML
@83gmike
3 жыл бұрын
Same here bud! Here in IL and it’s a bit difficult
@romello380
3 жыл бұрын
Wholesalers help stabilize the market by resetting property values, they aid the investors in mending a forever eroding infrastructure. Buyers don't want to spend time searching for good deals. I'm curious to see how states that adopt such laws will be affected in the long run.
@andrewcastro-wint2
3 жыл бұрын
Very valuable info I'm thankful for you and your content
@catherinensereko9040
2 жыл бұрын
There’s nothing wrong with it. That’s pure business, buy and resale at a profit.! Home owners are not forced into it but they’re attracted by the convenience it offers. The rest happens in other business transactions too! It’s pure business.
@JohnDoe-fs6lz
3 жыл бұрын
I have been contemplating to whole sale on the side. But always been like ehh how do I even start.
@mlo3423
3 жыл бұрын
KZitem TTP Brent Daniels
@c.m.2747
3 жыл бұрын
The problem is that there's too many doing it and hold properties hostage without being able to move them because they dont know what to do. That hurts people like me who are real investors with a lot of money in the game.
@JohnDoe-fs6lz
3 жыл бұрын
@@c.m.2747 yup that’s what I figured
@moreeivgi
3 жыл бұрын
That’s why when I send it to groups I file an affidavit & memorandum of agreement. Basically no one can sell it but you even if the seller breaches the contract. Cost $25 and no one can steal nothing.
@sdc8956
3 жыл бұрын
i want to start wholesaling, and love your video. numbers are super important, but what do you do with so much competition. I think when you do the numbers right, then you will be outbidden every time.
@OrlandoMiner
3 жыл бұрын
Good Video! Yeah cold calling is a good idea.
@bud2007
3 жыл бұрын
This just goes to show how much your govt doesnt want you to be successful
@nickbutter9270
3 жыл бұрын
True that BUB 200... They still PU$Y footing around on this second stimulus. Making excuses claiming it's the Dems that wont do a good stim package... It's the Repub's that wont do a good stim package bickering back and forth while people starve. But you will see head Dem's and head Repub's riding around in a new Roles Royce. Just look at these Second Stimulus Update videos. People Starve and go homeless while the Gov' leaders pocket left over Stimulus funds and buy a new mansion. (Most Likely). it's like they are stalling and putting on a show and dance till the vaccine gets handed out so they can keep the stimulus money for them selves
@jarvisaddison8560
3 жыл бұрын
Nah goes to show you may not know how government works. Its called lobbyist my friend and the real estate industry has them and they get laws passed by giving in kind campaign donations ( legal bribes). You get the government you can buy not vote in..
@c.m.2747
3 жыл бұрын
@@jarvisaddison8560 Exactly, realtors are not happy with the wholesaling thing. I have spoke to a few and from different states, they all agree with the same, the houses are being held by wholesalers. I think wholesaler need to use the thousands made and start flipping.Some skin in the game dont hurt anyone.
@jarvisaddison8560
3 жыл бұрын
@@c.m.2747 yep and in this market the claws will come out!
@Shawnascontent
3 жыл бұрын
Market value for a home that is deteriorating makes no sense.
@ryanw8203
3 жыл бұрын
Great video 👍
@MarioJPerez
3 жыл бұрын
You should have used an affidavit & memorandum of agreement
@Liliinvests
3 жыл бұрын
They broke it
@MarioJPerez
3 жыл бұрын
@@Liliinvests What do you mean they broke it?
@moreeivgi
3 жыл бұрын
@@Liliinvests they can break a contract- not a memorandum of agreement. - the title company will NEVER be able to sell it through that wholesaler but you. As long as you show that you had a contract signed.
@TitleistGolf13
3 жыл бұрын
Juuuust another reason to do on market deals!
@reggiestokes8187
2 жыл бұрын
I love how teach women keep up the great work
@oscarrobertson2257
3 жыл бұрын
Selling Marijuana was illigel until government said we want our cut so let's legalize it but Charge fees up the A$$ to sale it . Same thing with Wholesaling.. Board of Realtors got with local Legislation and said these wholesalers are making too much money let's make them pay license fees... There's definitely some shady investors out there but That's in all types of business ..I'm always transparent with sellers and they appreciate it......btw I ALWAYS GET A MEMORANDUM OF SALE and file it asap just to cover myself . Competition is fierce out here in Phoenix. 😄😄
@c.m.2747
3 жыл бұрын
It isnt about a license fee only. If you read what this law is about, you'll see that they are going to crack down on those who lie to homeowners about the value of their home, they have to adhere to ethical laws, cant make any false promises, etc. Im not sure, but I think they'll run background checks too and many wont pass.
@JO3haNsum
3 жыл бұрын
Someone is pissed they can't get deals at a discount
@icublink9948
3 жыл бұрын
Being forth right upfront show integrity may also build trust secondly, I would not be surprised if Law Officials limit how much a WS can charge that could end up at the bare minimum low % personally I think in some cases Assignment fee/ charges does not have a cap WS can profit more money than what the Seller walks away with.
@tatyjeong7699
3 жыл бұрын
I'm looking to start birddoging soon. Also a great way to get into real estate!!
@cashflowjimenez9446
3 жыл бұрын
As a licensed realtor and landlord we have more credibility to help the community we have all the resources to find cash buyer and first time buyer I see wholesalers as a gimmick, no transparency and a lot of wannabe investor aka whole sellers aka Bluffers
@dexterramey8787
3 жыл бұрын
How are realtors helping? You sell abandoned properties, or homes that the owner is behind on taxes, run down homes?
@c.m.2747
3 жыл бұрын
@@dexterramey8787 Those houses are held by LLC's , let's not even go there. Those 'investors' are holding on to the properties to sell them by 50k 70k more when the time is right. In the meantime they stay abandoned and nobody can do anything with them. Waiting for a regulation on that too. They dont want to better the block, they are waiting on the market to go up. Pfff.
@c.m.2747
3 жыл бұрын
Boom! You nailed it.
@dexterramey8787
3 жыл бұрын
@@c.m.2747 Im sure some do but not most , im in the process of buying an abandoned home now. I got homes in my old neighborhood thats been abandoned for 20 years I doubt what you are saying. Waiting on regulation for what? Still how are realtors helping? Lets not act like realtor s are saints.
@c.m.2747
3 жыл бұрын
@@dexterramey8787 Regulations on holding wholesalers accountable. I have said so many times, since I started this, when they would come to me with some bogus numbers for a rehab and I'd laugh at them bc I knew how much it would really take to get the job done. They rip the homeowner from their own money (it is their house!) and try to get some rehabber by selling the house high knowing it takes 3 times their 'estimate' to get it fixed. That's going to stop too and they will have to disclose the homeowner how much their house is worth in writing. Enough with the lying. I dont think all realtors are good people, some just want to get that commission, but they are not bsing about numbers, that's what appraisals are for, plus unethical tactics will take their license away , something wholesalers have been getting away with shady transactions and nobody puts a stop to it. The business is full of the wrong type of hustlers.
@cashflowjimenez9446
3 жыл бұрын
Overall great 👍 information
@lostsoul3592
3 жыл бұрын
Imo I think it's all flippers, investor etc. Who are butthurt that wholesalers sometimes can make more money without having to do anything to the house! They get salty when they see how much you're going to make and don't like it!
@JalenCrigler
3 жыл бұрын
Great video
@moreofezee765
3 жыл бұрын
I tried looking up the wholesaling laws for Ohio, but I found little to no information. Do you know anything about Ohio
@roberthiggs3871
3 жыл бұрын
HelloLili Young Lady keep doing what your doing And God Bless
@davonpickett2182
3 жыл бұрын
in one video you said that you try to get to deals as soon as they hit the market, sometimes before pictures are uploaded. How do you access to the MLS?
@jeremymcneill8882
3 жыл бұрын
I don't see anything wrong with it but people act like it is easy to do. - Real Estate Agent & KZitemr
@nickbutter9270
3 жыл бұрын
Acting like it's easy to do is correct. Depending on the person the easy part could be talking to people .... or depending on the person the easy part could be the numbers game such as there is a formula plus steps just to get the ARV. Then another formula to calculate the offer price to present to the seller. And that offer price is really a low ball number you are offering the seller. The only benefit to the seller and keep the sellers attention is you are claiming to offer all cash with a quick close. And on that note depending on the person it could be hard for them to accept rejection from the seller.
@jeremymcneill8882
3 жыл бұрын
@@nickbutter9270 agreed Nick!
@trinaburo7489
3 жыл бұрын
In Philadelphia we have to pay $200 a year for a wholesaler license 🤦🏽♀️
@Liliinvests
3 жыл бұрын
Not bad if you're making thousands on multiple deals!
@Thenatalyteran
3 жыл бұрын
How do i apply for the license. I switched my whole operation to elsewhere but wasted 3k in several lists on phillyy.. :( how can i apply?
@trinaburo7489
3 жыл бұрын
@@Thenatalyteran right i don't know but it doesn't go into affect until January so do as many deals as you can
@trinaburo7489
3 жыл бұрын
@@Thenatalyteran they suppose to let us know how to get the license
@Thenatalyteran
3 жыл бұрын
@@trinaburo7489 impossible for me to close a deal so quick...
@Chiefnatural
3 жыл бұрын
Your a beautiful woman I appreciate the information.
@larkenequity7221
3 жыл бұрын
They hate wholesalers that strip equity from their sellers and take advantage of seller by not fully educating them. Those lower priced sales drive down the market values in the area
@Shawnascontent
3 жыл бұрын
Philadelphia the same city that is more willing to sale undeveloped land to new business owners while the old buildings on land deteriorate beside new business and two blocks away.
@wilsonstrustincorporated2574
3 жыл бұрын
Newbies shouldn't be teaching, you dont know enough. Assigning contracts IS NOT WHOLESALING. Wholesaling requires you to BUY THE PROPERTY 1RST. You can do this with a double closing or transaction funding. Assigning contracts ( any type, even installment agreements). Theres is NO WHOLESALE FEE. I'm tired of people making a new definition for Wholesaling. It's what its always been, no different than Sam's or warehouses, you but first. Videos like this will create more problems for beginners.
@capitalcommercialinvestors2632
3 жыл бұрын
@DLO 06 assigning contracts has absolutely nothing to do with Wholesaling. Get your facts straight. We can discuss this live on KZitem if you think you ready for a challenge.
@capitalcommercialinvestors2632
3 жыл бұрын
@DLO 06 you fail to understand what wholesaling means. No matter the business a wholesaler license or not, must purchase the item before selling it for a discount or wholesale price. If you go to Sam's you must purchase the item before selling for a profit. When Assigning contracts, no matter if it's an option, owner finance or purchase agreement, there's is no closing required, just signatures from all parties involved. I'm willing to discuss this publicly anytime anyplace. Visit me on Facebook: "real estate philosophies by Jonah Wilson ". I will go live there as well unless you scared?
@capitalcommercialinvestors2632
3 жыл бұрын
@DLO 06 I'm ready when you are.. at this point you ran out things to say because I'm speaking facts. What do you call assigning contracts? Let me guess, Wholesaling, yet banks Assign mortgages on a daily basis and they never consider it wholesaling. But in your world all of a sudden wholesaling means something different. Ask yourself this, if assigning contracts becomes extinct what will you do?
@Gh0stNoName
2 жыл бұрын
*INTEGRITY!* If people did business with integrity we wouldn't be in this situation.
@victoriaeverett9227
3 жыл бұрын
i dont thinks its going to be illegal but different for sure as far as how you do wholesaling. but it will always be a need for wholesaling.
@kashchange4289
3 жыл бұрын
My main goal is buy and hold. I love my wholesalers. It’s gonna be a bad stretch if they put a halt on wholesale.
@c.m.2747
3 жыл бұрын
Nah, just gotta go back to how it was before them. Deal directly with the homeowner and buy from them. Leg work but there will be more properties to choose from. A lot of people used to list their homes in the newspaper, technology took over and now it's all online. They'll reach to realtors or go on market place and other places.
@_kittys_on_crack_2370
3 жыл бұрын
Trust each other
@KelvinDHarrisSr
3 жыл бұрын
Love the video by the way
@blewis41
3 жыл бұрын
That’s so interesting. Here in Louisiana, realtors cannot wholesale at all. They actually have to sign papers saying they have nothing to do with the deal, if a family member does a wholesale deal.
@c.m.2747
3 жыл бұрын
Do you have any deals in La? Im in Georgia and this is way too crazy. Lmk if you have something! Tks.
@elizabethvargas4165
3 жыл бұрын
GIRL YOU BETTER NOT LET THAT HAPPEN AGAIN .
@mail22
3 жыл бұрын
What you forgot to mention with your Lowe’s example, those stores are all licensed with the state, and city they’re operating in.
@BigDawgVisualz
3 жыл бұрын
What do you think about the future of wholesaling in Cali?
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