Real Estate Blog

REO properties continue to present lucrative investment opportunities for many real estate investors today.

That said, many people do not clearly understand what REO foreclosure properties are, how to buy them, and how the foreclosure process works.

These are some of the questions that this article seeks to answer. Read on to learn more about how to find and buy these properties.

What Is An REO Foreclosure Property?

A Real Estate Owned or REO foreclosure property refers to property that has been seized by lenders, such as banks, from people who have defaulted on their mortgage payments.

An REO foreclosure property can include condos, detached homes, townhouses, commercial property, multifamily property, and land.

Whenever a borrower is unable to consistency make mortgage payments, the lender has two options for covering the loan including a:

1. Short sale or
2. Public auction of the property.

If no bidder at a foreclosure auction comes up with the amount of...

A hoarder house is something every real estate professional will encounter at some point in their career. 

We know that hoarder houses often present exceptional opportunities for real estate investors.

Hoarder properties have been depicted through TV Shows, YouTube videos, and other real estate media.

However, they are often misunderstood in a greater context.

Whether you’re interested in flipping a hoarder house, cleaning a hoarder house, have family and friends in a hoarder home situation, or are a professional organizer, it’s important to have a comprehensive understanding of hoarder houses.  

In this article, we take a deep dive into what a hoarder house is, why they exist, and just about everything else you’ll need to know about hoarder properties.

Let’s jump right in by defining what a hoarder house is:

What Is A Hoarder House? 

A hoarder house is a home that is filled with an excessive quantity of the...

It was a pleasure being on the Brain Pick A Pro Show by Larry Goins! He interviewed our CEO & Founder Alex Martinez on the topic of flipping houses with no marketing!

Enjoy! 

Here's what you'll learn in this epic interview:

• How Alex Martinez got into real estate investing.
• How Alex completed his first real estate deal within 45 days of learning about wholesale real estate investing and profited $22,000.
• All about getting deals through his MLS Offer System.
• The 2 MAJOR obstacles most real estate investors face and how to solve them!
• What the MLS Offer System allows you to do.
• The importance of being consistent when utilizing this system.
• How to call and talk to real estate agents!
• The 2 KEY types of deals to look for on the MLS!
• How to find out seller's distressed situation from the Multiple Listing Service (MLS).
• How to work on your people skills and why this is a MUST in real estate.
• Case Studies of typical deals.
• Building your cash buyers list...

Brandon is in his young twenties & had zero real estate experience when he joined the Pro Wholesaler VIP Program by Real Estate Skills. Now, with zero experience & with spending $0 in marketing, Brandon made $12,000 on his first wholesale real estate deal!

In this interview you will learn:

- How Brandon went from knowing nothing about real estate & wholesaling to making $12,000 on his first wholesale real estate deal!

- How he was able to wholesale a house with only a laptop and phone

- How he was skeptical about wholesaling real estate at first, but not anymore

- How we smash the misconception that finding cash buyers for your wholesale deals is difficult (Brandon found all the cash buyers he needed in just 5 days)

- How he found his first properties to wholesale on the MLS

- How he got access to the MLS (Multiple Listing Service)

- How Brandon submitted 15 wholesale offers, got 2 wholesale deals under contract, and closed one of them for $12,000,...

Co-wholesaling is a relatively new strategy in the real estate industry, yet it has been quietly gaining increased attention.

This strategy may seem like the perfect and ultimate model for hitting your financial goals all while enjoying the investment journey.

You already know that wholesaling is a great way to venture into real estate as an investor without a lot of cash in your hands.

This emerging co-wholesaling strategy provides a way to make this path even easier and more attainable than venturing out and doing it on your own.

Though, just like most other strategies in real estate, there are things you need to know beneath the surface about this attractive business model.

What is Co-Wholesaling?

To understand this concept, you need to first understand what wholesaling is.

Real estate wholesalers look for discounted or undervalued properties and flip them for a profit without doing any renovations.

Essentially, wholesalers sell a property in “as-is” condition....

Check out the latest interview with Pro Wholesaler Student, Joe! 

Joe joined the Pro Wholesaler Program about three weeks ago and has already gotten his first wholesale deals under contract. Joe has 2 wholesale deals he plans on closing in October that will bring in $10,000 each for a total profit of $20,000.

Come learn how Joe went from knowing NOTHING about real estate to wholesaling his first real estate deals!

In this interview we cover:

- How Joe has gone from working Uber, Lyft, and driving for Amazon to Wholesaling Houses.

- How Joe was able to find his first wholesale deals and get them under contract.

- How Joe is getting one wholesale real estate deal under contract for every 6 to 7 offers he sends!

- How Joe was able to find cash buyers for his wholesale real estate deals.

- How Joe is anticipating to make $20,000 total from wholesaling two houses for $10,000 each.

- How Joe was able to go from having ZERO real estate experience and work on...

"Can You Wholesale MLS Properties?"

This is a question we see being asked frequently in the real estate investing community. Today, we're getting right to the bottom of it!

Can You Wholesale A Listed Property On The MLS?

Yes, you absolutely can wholesale a listed property on the MLS (Multiple Listing Service).

In fact, from my experience, wholesaling listed property from the MLS is an awesome strategy for any wholesaler.

The reality is that new leads are uploaded to the MLS in your area...EVERY...SINGLE...DAY.

Well, if this rings true, then....

Why Do Some Investors Say "Stay Away From The MLS"?

Most investors have never developed a system around the MLS or have been able to get deals consistently off of the MLS. This is why a lot of people can say “stay away.”

People are afraid of what they don’t understand, and a lot of people don’t understand how to acquire properties to wholesale from the MLS.

See, most "real estate...

Kriss (Pro Wholesaler Student) recently flipped her first wholesale real estate deal and made $5,000 while spending $0 on marketing!

See how Kriss got her start Wholesaling Houses!

What we also cover in the interview:

• How Kriss made $5,000 on her first wholesale deal!
• How Kriss found the cash buyer for her wholesale deal from facebook
• How “Wholesaling” is new in her area
• How Kriss isn’t afraid to take action & loves any competition ("Winner & Finisher" Mindset)
• How Kriss has been utilizing REIA (Real Estate Investors Association) Meetings
• The power of consistency & taking action
• The power of the back up offer...
• How all real estate agents are not created equal
• The book recommendation for breaking through any obstacles
• Her thoughts on the Pro Wholesaler Program!
• And much more...

Watch the interview right here:

Here's the video transcription on how Kriss made $5k from her first wholesale real estate deal:

...

In this interview we go over how Carson has been able to start wholesaling houses as an 18 year old! Carson recently quit his job and has gone from making $10/hr to $2,000/hr thanks to wholesaling houses & real estate!

In this in-depth interview, you’ll learn:

- How Carson made $16,400 in profit from his first 2 wholesale real estate deals
- How Carson found the houses that he wholesaled
- How to find cash buyers now for wholesale real estate deals
- The real estate deal numbers break down for each wholesale
- How being a member in the Pro Wholesaler Program has helped Carson grow his wholesaling business
- What to do (and not to do) when starting out wholesaling houses
- Carson’s #1 tip for anyone starting out as a wholesaling beginner

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Here is the transcription of the wholesaling houses interview in case you enjoy reading:

Alex:                 Hey guys,...

Hey Real Estate Skills Community!  Here's my podcast interview from the Real Estate Time Freedom Show by Investor Fuse.  I share a ton of real estate golden nuggets like how to wholesale & flip houses on the MLS (Multiple Listing Service)!  I also go deep into what makes a Pro Wholesaler versus an Amateur Wholesaler.  Enjoy & come learn the best ways to get started in real estate!

Here's a transcription of the video above:

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Carlos Zamora:              Awesome. Live now with new friend Alex Martinez. Thank you guys for checking out the Real Estate Time Freedom Show today by Investor Fuse, April 18th already. Alex Martinez is joining us. He is the Founder and CEO of www.realestateskills.com, a real estate education company providing coaching tools and resources to start a successful real estate business or career. He got started investing about eight...