Real Estate Blog

Meet Morgan - He's a member of our Pro Wholesaler VIP Program and wholesaled his first house for $26k in the Kansas City area!

Morgan didn't know much about real estate investing before getting started with us.  He just followed our program to the tee and got results!

Hear what Morgan has to say on becoming a Pro Wholesaler & how he made his first wholesale deal happen in this review!

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Morgan (00:01):

Hey, Pro Wholesalers. Hope you're doing great. My name is Morgan Greer & I'm wholesaling real estate in Kansas. And just a few weeks back, I was able to close my first wholesale deal and it was a pretty big one!

It went for a $26,000 wholesale fee, which I was just shocked and floored by and really encouraged by. And one of the things I really appreciate about the Pro Wholesaler VIP Program is their encouragement to build relationships with your cash buyers.

This deal actually came from the end buyer...

Real Estate Wholesalers are investors who employ a technique in which they sign a purchase agreement (with the inclusion of an earnest money deposit) as the buyer. But then the wholesaler finds another party (often referred to as the end buyer) to purchase the real property (rental property, or otherwise) for a higher price – to wit, the profit earned as a middleman. 

Wholesale houses purchased by real estate wholesalers tend to be below market value and offered by motivated sellers and those facing financial distress and uncertainty, like with the circumstances created by a pending foreclosure.

When investing in wholesale properties, the contract’s buyer receives this transferable right by way of the contract through the Principle of Equitable Conversion or Equitable Interest.

Source

Because real estate investors may work several of these real estate transactions at once, they are referred to as 'wholesalers.'

Real estate wholesaling is similar to the fix and flip...

Here’s a clip from a recent Q&A Coaching Call for our Pro Wholesaler VIP Program where one of our students, Stevie, turned one potential wholesale deal into 200 by asking a simple question!

Come learn how one question, when asked the right way, can turn one deal into 200 when it comes to wholesaling houses from the MLS!

At Real Estate Skills, we help real estate investors to build hyper-profitable wholesaling & flipping businesses across the United States.

Every member in our program gets Lifetime Access to coaching every single week where we cover different topics & conduct: Deal Reviews, Comparable Property Reviews, Help our Students Find Cash Buyers & Build Key Relationships, Negotiation tactics, and even how to train & hire Acquisition Associates in order to scale & grow your wholesaling business!

Want to learn more about the Pro Wholesaler VIP Program? For more info, schedule a free Strategy Session Call with my team & I to see if it's the...

Stevie's an awesome member of our Pro Wholesaler VIP Program and she has been consistently wholesaling houses from utilizing our MLS Offer System.

Stevie came into the program as a licensed realtor who wanted to be able to make more money while doing less work. This led Stevie to enroll in our program and become a Pro Wholesaler so that she could make her dreams & goals happen rapidly.

Now Stevie doesn't have to wait 6 months for a realtor commission check, she doesn't have to drive buyer's around, or represent seller's in order to get paid.

From enrolling in the Pro Wholesaler VIP Program, Stevie now knows how to wholesale houses each & every month from the MLS which beats the amount of money she was making as a realtor!

Hear how Stevie has been wholesaling multiple houses from the MLS and her review of the Pro Wholesaler VIP Program by RealEstateSkills.com!

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Stevie Bell (00:02):

Hi everyone. I'm Stevie...

Real estate wholesaling is an investment technique in which the investor enters into a purchase contract to buy real property (which could be residential or commercial) that is typically priced below market value, typically due to the motivations of property owners, like an impending foreclosure, etc.

A wholesaler, effectively acting as a middleman, finds another buyer (usually from a curated or established potential buyers list). The final buyer is usually referred to as the end buyer who is legally assigned the right to purchase the property in question at a typically higher price than the original purchase price. The difference in sale prices is the wholesaler’s gross profit. 

The legal concept that permits a real estate wholesale deal to move forward within legal boundaries is better known in legal circles as the Doctrine of Equitable Conversion, which delineates the difference between legal & equitable owners -

Source – RealEstateDefinition.com

The...

While real estate wholesaling is not an entirely new idea, it is a relatively new phrase within the mainstream real estate community. 

Wholesaling houses and other real estate is the process by which a real estate investor agrees to purchase real property as follows –

• By placing an earnest money deposit in an escrow account when signing a purchase contract,
• And then selling the rights (and obligations) delineated in the contract of this real estate deal to a new buyer – often referred to as the end buyer.

Established wholesalers often have a curated buyers list of ‘ready and willing’ potential buyers through wholesale properties and transactions previously accomplished.

A buyer’s ability to sell their rights in a contract of sale is allowed under what is referenced in the real estate investing business as the Doctrine of Equitable Conversion.

Source – quimbee.com

A real estate wholesaler in the wholesaling business seeks to purchase real...

Lauren & Darrell are from the Gulf Coast of Mississippi and virtually wholesale real estate using our MLS Offer System in Alabama!

Within 3 weeks of joining the Pro Wholesaler VIP Program, they were able to wholesale their first house from the MLS for $7,600. Less than 30 days later, they wholesaled their second house from the MLS for $12,800!

From their success, Darrell has been able to quit his full-time job of working 60+ hours a week to now working from home full-time. Now he gets to dictate his schedule, spends more time with his family, makes more money, and works when he wants.

Hope you enjoy Lauren & Darrell's review & testimonial about the Pro Wholesaler VIP Program!

Here's Lauren & Darrell sharing their check from the second house they wholesaled!

If you're willing to invest in yourself & are looking to consistently wholesale houses every single month, then schedule a one-on-one strategy session call with our team today to see if you're the right fit...

Real estate wholesaling is an investment technique in which a real estate investor enters into a legally enforceable contract to buy a home but then sells their right to purchase the property, in accordance with the terms denoted within the contract and the legal concept known as the Doctrine of Equitable Conversion, which is defined as:

Source: Law Shelf

The law determines that the ‘equitable title’ has changed owners when the contract has been signed, with the legal title remaining until the deed is transferred. This is because the time that exists between two critical events: 

• The execution of a contract for the sale of real property
• The delivery of the deed and marketable title to the buyer

It is a time when the property’s ownership has hit a bit of a gray-legal area, during which the property exists in a state of limbo between– the seller and the buyer. This is because – during this specific time, the seller has possession (and use) of the...

As a real estate investor, you’ll want to stick to certain principles that will give you a leg up against your competition. Abiding by these rules will not only raise your chances of achieving financial freedom, but will increase the speed, precision, and accuracy with which you make your decisions. This will free up more time for other profitable opportunities.

One such rule is the Maximum Allowable Offer Formula (MAO Formula) - a rule that will surely make you a better and more effective real estate investor.

• What Does MAO Mean in Real Estate?
• What Is The MAO Formula?
• How To Calculate The Maximum Allowable Offer?
• What Is The MAO Wholesale Formula?
• Can You Use The MAO Formula For House Flipping?
• How To Create A Maximum Allowable Offer Spreadsheet
• Final Thoughts

What Does MAO Mean in Real Estate?

The Maximum Allowable Offer (MAO) is a tried-and-true calculation real estate investors use to determine the price they would like to offer on a particular investment...

Meet Pat from Sacramento, California - he's a leading example of someone who takes action and gets results in the Pro Wholesaler VIP Program.

In this video, Pat mentions how he has been able to wholesale 8 deals in the last 3 months and is now on his way out of his "full-time job" since he's had so much success!

Like many of our Pro Wholesaler Members, Pat utilizes our MLS Offer System to consistently get wholesale, fix & flip, and buy & hold deals from the MLS.

Hope you enjoy Pat's review & testimonial on becoming Pro Wholesaler!

If you're looking to consistently wholesale houses every single month, then schedule a one-on-one strategy session call with our team today to see if you're the right fit for the Pro Wholesaler VIP Program!

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Pat G. (00:00):
My name is Pat and I'm located in Sacramento, California. The market I am wholesaling in is Sacramento County. So pretty much,...