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Articles For Aspiring & Active Real Estate Investors

Is Wholesaling Real Estate Legal In South Carolina?

South Carolina is a beautiful and diverse state, steeped in history and with picture-perfect small towns, and friendly locals everywhere you go.

Many people call the Palmetto State home, and more people want to live here than ever before.  The same holds true for the entire southeast United States, as more and more people migrate to nearby states such as North Carolina, Georgia, and Florida.

That means there are all kinds of opportunities to do well in the real estate industry.  Many people make a great living as traditional agents and brokers, others as real estate investors.

Still, more and more, many people are looking for a flexible alternative which is why many people are exploring real estate wholesaling as a possible career.

The first questions many people ask is whether or not wholesaling is legal in South Carolina?

And if so, what else do I need to know?

Here are some of the answers for you.

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Wholesaling Cold Calling Script: The (ULTIMATE) Guide

One of the biggest fears of newbie real estate investors is getting a conversation started with a potential property owner. Many real estate investors shy away from cold calling for fear of rejection.

A 2019 sales study found that over 40% of sales professionals consider initial prospecting---including cold calling---to be the toughest part of the entire sales process.

When done correctly, cold calling can be an effective part of a real estate investor’s overall lead generation strategy.

For this strategy to work in real estate investing, the investor must consider a few elements: 

  1. The wholesaling cold calling script that is being used.
  2. The target homeowner or property being focused on.
  3. The follow up after the initial phone call to continue showcasing value and ultimately win the business.

Read on below to learn more about creating the ultimate Wholesaling Cold Calling Script!

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Wholesaling Tax Delinquent Properties: The (Ultimate) Guide

Every property owner in the United States, regardless of the property size or if the mortgage is paid in full, will pay taxes on the land itself. In fact, property tax collection revenue accounts for 72% of all local tax revenue collected annually.

Real estate tax revenue is a foundational source of revenue for local counties to keep running. But what happens when property owners are unable to pay their property taxes? 

Tax delinquent properties can become a burden to the collecting county or state. However, savvy real estate investors understand that tax lien investing or wholesaling tax delinquent properties can provide a great solution to these motivated sellers while creating an optimal investment opportunity.

Often, investors who are willing to tackle wholesaling tax delinquent properties will also have experience working with distressed sellers on foreclosure or pre-foreclosure deals.

Interested to learn more about this untapped and profitable real estate investing...

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Is Wholesaling Real Estate Legal In Louisiana?

If you’re seeking a rewarding career in real estate investing, you might want to consider the flexibility and creativity of starting a Louisiana wholesaling business.

There are several things to know, starting with the most basic of all questions. 

Is wholesaling real estate in Louisiana even legal?  

Here are some answers for you.

 

What Do You Need To Know About Wholesaling Houses In Louisiana?

The key to wholesaling houses in Louisiana is that there are statutes and rules you must follow to comply with the law as set forth by the Louisiana Real Estate Commission...

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Wholesaling Pre Foreclosures: Real Estate Investor's (Ultimate) Guide

As of August 2020, one in every 13,791 housing units has a foreclosure filing against it. While national foreclosures and short sale numbers are down over last year, the numbers are steadily increasing over last month. The top three states in the US to have foreclosure filings are South Carolina, Florida and Iowa.

So, what does this mean for the overall real estate market? Given the pandemic and subsequent economic fallout, increasing foreclosures may become more prevalent as job losses continue and unemployment rates remain high.

The foreclosure process is both emotionally and logistically painful for the affected homeowner. The homeowner will face not only the loss of a home, but severe damage to his or her credit. 

A real estate investor’s primary job is to find problems and identify creative, win-win solutions for all of the involved parties. Foreclosure investing is a perfect way to make these solutions. When a solution is found, then money is made! 

If an...

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Wholesaling Lease Options: The (Ultimate) Guide | Real Estate Skills

In today’s ever-changing economic and real estate climate, it is vitally important for real estate investors to understand and implement many types of investing strategies. This will help them pivot effectively and maintain a strong position should the real estate market unexpectedly turn.

Understanding wholesaling lease options is a versatile strategy for new and experienced investors alike. Whether real estate is your part-time or full-time job, this is a terrific option to add to your real estate investing portfolio.

By reading this ultimate guide on wholesale lease options, you’ll enjoy the following benefits:

  • Learning a creative way to formulate and exit your real estate deals
  • Discovering an investing strategy that requires no upfront capital or financing
  • Learning how to wholesale lease options while minimizing your own investing risk
  • Understanding a new way to diversify your real estate portfolio while staying on the cutting edge of investing market trends

...

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Virtual Wholesaling: How To Flip Houses From Home (2021)

In the past decade, technology has completely transformed the real estate industry. According to the National Association of REALTORS®, 52% of home buyers in 2019 found the home that they purchased through the internet. It's also no surprise that more and more people are working from home now than ever before.

What if we told you about an emerging group of real estate investors doing deals remotely all over the country in places they’ve never been before, buying properties they've never laid eyes on, yet are making incredible sums of money to the tune of $10,000, $20,000, $50,0000, and even $200,000 per deal?

In this Real Estate Skills exclusive article, we’re going to pull back the curtain and reveal the techniques these long-distance real estate investors would rather keep a secret – we’re talking about a real estate strategy called virtual wholesaling.

I have personally used this virtual wholesaling process to complete...

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Lowball Offers: The Ultimate Guide | Real Estate Skills

According to the 2020 Home Buyers and Sellers Generational Trends Report from the National Association of REALTORS® (NAR) Research Group, 41% of listed homes have a price reduction before they get an accepted offer. This means there's usually some flexibility in the listing price, if you use the right offer strategy. 

Lowball is a common term when it comes to any form of commerce. We typically see the word pop up when someone is buying something secondhand from another individual.

Let’s say you go to a swap meet or a garage sale and you find something that you’re willing to purchase, but the price is too high.

You can either:

  1. Agree with the price and make a purchase with no hesitation. 
  2. Negotiate the price with the vendor since it’s a secondhand item, in an attempt to purchase at a lower price.

If you chose Option 2, then you chose the basic principle of lowballing.

Now that we've covered the basics, here’s everything you...

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Cash Buyers: The Beginner's Guide | Real Estate Skills

Cash buyers are essential players in the national real estate market. If you’ve been in the real estate business for any amount of time, you've certainly heard about cash buyers. The old saying “cash is king,” especially applies to the property market.

According to the National Association of Realtors, cash buyers made up 27.8% of all single-family and condo sales in 2018. In some real estate markets, cash buyers represented nearly 90% of transactions! That said, you may be wondering:

  • What is a cash buyer? What are the benefits of real estate cash buyers?
  • How can I work with cash buyers? Why would a cash buyer work with me?
  • How are cash home buyers different from other buyers?
  • Where can I find cash buyers for real estate? How do I build a cash buyers list?

Whether you’re a brand new investor, experienced house flipper, home buyer, condo seller, real estate agent, or property wholesaler, understanding all about cash buyers can open...

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