Pick your poison…
Zillow, Redfin, Trulia, you name it.
They all spit out on-the-spot property values.
But what happens when a property isn’t listed yet — or at all? How about when the almighty algorithm gets it wrong? Do the numbers account for wear and tear, hidden damage, and secret seller motivation?
Short answer: No.
And let’s not forget: Every great deal starts with a deeply discounted property.
The apps and the MLS aren’t looking under the hood to alert you that a property is overpriced (or begging to be had at a discount). Nor are they interviewing the owner and scouring every nook and cranny of the home for distress signals.
Relying on computer-generated property values will never get you a discount. No discount, no deal.
But calculating a property’s value on your own is actually a piece of cake.
Here’s how it works so you can lay the groundwork for wins in the world of real estate.
It doesn’t take any previous experience or expertise to close deals in real estate...
But there’s one thing it always requires: Time.
And time is one of the few factors that’s almost entirely out of your control.
Deals don’t grow on trees (though, if you know what to look for it can feel like they do).
And as a total newbie, even deals that close at hyper-speed can feel like they take forever.
Here’s what to expect as you work toward your first deal...
I had a student close his first deal just 7 days in. He literally made 7 grand in 7 days.
But that’s not the norm... and I’d be lying if I pushed it as such.
Truth be told: Even 30 days is a bit ambitious.
That said, I managed to close my first-ever deal on day 39 without any previous...
To make a profit wholesaling, you need to find and corral deeply discounted properties.
Sounds like a sham, right? Why would someone sell their home at a discount?
It’s not because they're crazy.
It’s because there’s 2 valuable things you can offer them:
If they need both — and you can deliver — you have the perfect 1-2 punch to capture a unicorn; a property selling for dirt cheap that you can make a killing on.
Allow me to explain…
As a real estate investor, you’re in a service-based business. But you don’t command a salary, charge hourly, nor invoice monthly.
You offer owners speed and convenience, that in the right situation, give you complete control of the deal.
And ultimately, allow you to get their home for dirt cheap.
Let’s start with the first, speed:
The traditional home selling process takes at least 45 days — and that’s if every little thing that can...