The most important thing as a real estate investor is including an inspection contingency on every contract. This is how you protect yourself and are able to invest with as little risk as possible! Be smart - use the inspection contingency. Check out the video above if you're interested in:
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Hey, everyone, it's Alex Martinez, and today, we're going over the most important thing as a real estate investor.
When a lot of people look at real estate investing, and look at entrepreneurship, they look at it as something that's a little risky.
What we do, as real estate investors and entrepreneurs is, is mitigate and lower our risk as much as possible, and then, make calculated decisions after that.
The most important thing, as a real estate investor, when...
I was recently interviewed & featured on Authority Magazine to talk about my real estate journey, investing advice, efficiency hacks, & about my most memorable failure to-date! Here is the full article & interview written up by Drew Gurley. Drew's questions are in bold and my answers are below each question. Hope you enjoy!
Alex Martinez has a great story, one that certainly resonates with the concept that you have complete control of your life and your decisions. To go from making sandwiches to breaking 7 figures of profit in 12 months takes confidence in knowing who you are.
I spent some time learning about Alex’s story and was nothing less than motivated to say the least. He’s young, energetic, and passionate about working to sustain what has come to be an amazing lifestyle, all before turning 30!
Here’s more on...
Hey, guys, What's up? It's Alex Martinez, and today's video is How to Talk to Cash Buyers and Find Their Buying Criteria.
First off, cash buyers are the real estate investors that are going to buy your wholesale real estate deals. They are most likely renovators or flippers that want to purchase a property, renovate it and resell it for a profit. You get paid by bringing them this nice deal that you get under contract, and then you sell that contract or assign that contract to them for $10,000 plus. Cash buyers want you, and you need cash buyers to buy your property with all cash.
So, you may be asking, "How do I find cash buyers?" I previously made a video on how to find cash buyers in your area in one minute or less, so definitely check that out, but some other ways are to go to your local real estate investing association, and there you can meet cash buyers. Also, when you see bandit signs on the side of the road, give them a call, because there's most likely cash buyers on the...
Here's a quick, true story about a younger gentleman (age 20) who came to me for flipping advice. I get into a little bit on “fixing and flipping” but this DIRECTLY applies to Wholesaling, as well!
This gentleman was raising capital for a property he was going to buy for $770,000. The agent he was working with told him that the property would sell at $1.2+ million all day after he put $100,000 of repairs into the property. Sounds like a sweet deal, right?
Well, thankfully, I met this gentleman at an open house for a property I was flipping at the time. He asked if I could take a second look at his particular deal before he went through with purchasing the property. He was 2 days away from removing his home inspection contingency, which would contractually force him to buy the property, or at the very least, lose his $10,000 deposit.
That night I analyzed the property for him and saw that the agent he was working with was drastically...
You may have heard this before: “Real estate investing sounds great, but don’t you have to get a license to start investing?”
To simply answer the question: Nope, you DO NOT have to get your real estate license in order to invest in, wholesale, or flip real estate. In fact, for my first three years of real estate investing, I wasn’t licensed, and I was able to generate well over a million dollars of profit.
So, believe me when I say: it is not necessary to get your real estate license to begin investing.
However, I did eventually become a licensed real estate agent, which opened up additional revenue streams & opportunities in the industry.
In this article, I’ll give you my Pros & Cons of getting your real estate license as a real estate investor. These insights will help you if you’ve ever asked the question: “As A Real Estate Investor, Should I Get A Real Estate License?”
Knowing what “not to do” can be just as important as knowing what “to do” when wholesaling houses. Wholesaling is an easy profitable way for beginning real estate investors to get started in real estate investing but doing (or not doing) certain things can add or subtract from your bottom line, or even “make or break” a deal.
When wholesaling houses, keep these strategies in mind…
DO: Put an inspection contingency clause on each and every offer you submit when wholesale real estate investing. An inspection contingency clause protects you if there is anything wrong with the property that does not pass your inspection. This allows you to legally cancel on the deal, or negotiate the purchase price due to the repairs needed on the property.
Over the years, many people have reached out to me who have had extremely angry sellers because the offers they...
One of the life-changing habits in Stephen Covey’s best-selling book, The 7 Habits of Highly Effective People, is “Begin with the End in Mind.”
This highly effective habit directly applies to being a successful wholesaler! Many wholesalers actually go about wholesaling the wrong way.
1. Work extremely hard to find a deal to get under contract.
2. Finally get that deal in writing under contract.
3. Then market the deal to cash buyers hoping that it fits their buying criteria.
The glaring issue in this scenario is that the wholesaler first finds any deal they can get under contract and then tries to find the cash buyer that will buy it.
In this scenario the cash buyer they are marketing to may not even want the particular deal they have! How do you know that the cash buyer you are marketing will even buy in the zip code your property is in? How do you know your cash buyer has the funds available to...
Getting started in real estate investing by wholesaling is generally easier than starting with other investing strategies.
I was fortunate enough to get into real estate investing at the ripe age of 20 years old. Within 45 days, I completed my first wholesale, which profited $22,000. The best part was that it only took 8 hours of work. So, at age 20, I learned how to make $2,750 per hour! You may be wondering, “What exactly is Wholesaling?”
Wholesaling real estate is the practice of acquiring properties at discounted prices and reselling them for profit. A real estate wholesaler enters a contract with a property seller, markets it to potential buyers, and assigns the contract to the most appropriate buyer. The profit that the wholesaler makes is the difference between the price that is paid by the buyer and the contracted price. Nevertheless, the wholesaler must sell the property before their contract with the original property seller closes. Essentially, real...
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