What's up yall! This deal happened over the weekend and I felt the need to share it along with give @Myles Berrio some props! A wholesaler (Let's call him Mike), reached out to me two weeks ago and asking if I'd be interested in this fire damaged house in Anderson for $30k. I went to look at it, had a contractor quote the repair work and I decided the deal was just too thin and risky for me. I told him I'd probably be at $15k I'd probably just turn it around and list it on the MLS. I didn't know at the time that Mike had it under contract for $16k. He told me it wouldn't work so I offered to partner with him and bring in some of my buyers for a 50/50 split and he agreed. Here's the numbers. Mike locked it up for $16k. I got together with someone I knew who said they'd be a buyer at $20k. I called Mike and told him since it was so thin, I'd just connect my buyer to him and told him to forget about splitting the fee 50/50 since it was so thin. He called me back and told me after some thought, he'd rather just do the deal with me. We agreed on a number and instead of closing, then listing on the MLS, Myles suggested I throw it up on FB marketplace to see if anyone would take it now as opposed to waiting on closing. About 24 hours later, I had a contract signed to an end buyer and I plan to double close by the end of the month. This deal required one drive to Anderson, some back and forth negotiating and one post on FB. This resulted in a 15k assignment fee. Thanks to Myles for recommending this instead of closing then flat fee listing on the MLS!

Big win today! Partnered with a buddy of mine to seal the deal on this beautiful home. It's got a nice (well, soon will be nice) pool and backs up to a small neighborhood lake / pond. Really nice home tucked away in a quiet neighborhood in Easley!

Hello everyone. My name is Diego. I am a finance manager at a Nissan dealership in GA. I’ve been with them almost 10 years now. I’m looking forward to learning about wholesaling and what else there is out there. I know I’m in the right group! 3 things I want to get out of this: -To understand the basics of wholesaling -To have goals set and a game plan to follow -To start growing myself outside of work

I bought my first rental property owner finance and used the same strategies to buy an extra work pickup truck I branded, our family golf cart and our modern backyard shed all owner financed. (Photos attached) Low down payments, no balloons, small monthly payments and zero interest. It can be done but it’s all about HOW you communicate to the seller which is what I love teaching! Here’s a screen shot of the text message I received yesterday from a seller to buy their beautifully remodeled tiny house I plan to Airbnb in our backyard! At even just $95/night multiply that by 30 days and you get a potential monthly revenue of $2,850/month and our mortgage to the seller is only $900/month! Interest free! Let’s say it only books out half the month so only 15 days, worst case. $95/month x 15 days = $1,425! Still a major profit! What’s even the worst worst worst case scenario of how slow of a month we would need to only break even? Well, $95/month x only 10 days each month and it’ll still pays for itself at $950 in revenue! Since it’s a zero interest owner finance loan, every payment pays down the principal. Let’s also look at if we don’t take a profit and based on only 50% occupancy each month, how fast could we pay the entire thing off. Loan balance after down payment is $47,000. $95/night x 15 days = $1,425 in total $47,000 (loan balance) divided by $1,425/month = 32.9 months. 33 months divided by 12 months in a year (= 2.7 years) and we’d have a fully renovated, fully operated Airbnb, free and clear in less than 3 years. Even shorter if we take chunks from wholesaling or flipping to pay it down in 1-1.5 years! Then that one unit can generate close to $3,000/month if booked out well each month or we just raise the nightly rate. I released a new training video in our classroom on the differences between Subject-to, owner finance and hybrid methods you should watch today! Drop any comments or questions below ⬇️ ⬇️⬇️

The most common forms of marketing to distressed sellers are cold calling, text messaging, post cards, door knocking, radio ads, TV ads, Facebook ads, etc. All of these require a lot of paid monthly marketing expenses or just personal time. I'm always thinking of ways you can create marketing you pay for once, yet get paid for it over and over again. Well, I spent $278.45 one time to get branding on my work truck that has created several leads since then, with this one being the first potential closed deal. This is a used double-wide mobile home that I can either A. Buy extremely cheap, fix it up all for under $20K purchase and rehab and then sell it for $45,000 cash and make about $25,000 or sell for $55K with a $25K down payment, net $5K upfront, $35K total net and $700-$800/month monthly mortgage payments to me. (Owner finance)(3-5 months to rehab and then sell) B. Wholesale to an end buyer to make a very quick $10K. (Less than 30 days) Which option would you choose & why?