The Wholesale Machine

via Udemy

Go to Course: https://www.udemy.com/course/the-wholesale-machine/

Overview

If you've always wanted to:Learn how to wholesale if you're first getting startedGraduate from running your wholesale business as a hobby or side-hustleGenerate more leads for your operationLearn how to work smart and stand out from the competitionGrasp the mindset needed to succeed in this businessReceive an easy to follow blueprint anyone can act uponThen this course is for you!In this 23 Module Program, I've included everything you need to know including:Learn how to build a successful wholesale operation from the ground upDevelop a deep understanding of lead generation and marketing techniques to keep your funnel fullUnderstand how to handle appointments and handle negotiation to get the contract like a bossLearn how to estimate repairs, run comps, and put out quality deals for your buyersDevelop methods for finding true cash buyers for your wholesale deals (while weeding out the tirekickers)Learn how to navigate the closing process and GET PAID!COURSE SYLLABUSIntroductionWhat are you going to get out of this training?AgendaGetting StartedIntro to real estateWhat is wholesaling?Ethics and lawReal estate license debateCurrent events - reformBusiness FormationSole ProprietorLimited Liability CompanyBankingBusiness CreditBook-keepingEmployees vs 1099 (Independent Contractors)Financial LiteracyAssets vs LiabilitiesCashflow QuadrantGood & Bad DebtTaxesMentalitySystemsFreedomSummaryGetting up and goingYour team (External)RealtorsAttorney - Title CompanyContractorsVirtual AssistantsMentorsEducationSoftwareMindsetBecome self sufficientSay bye to perfectionismThe grindRejectionStay in your laneLearn to be consistentGet comfortable being uncomfortableFace your fearsDon't assume anythingKeep your guard upLearn to say noThis is a business...treat it that wayTake massive actionProperty ResearchTax Assessor SiteProperty CardsGIS (Geographic Information System)Construction PermitsCode EnforcementRegister of Deeds (for deed states)FloodplainsOld MLS ListingsPlanning / Zoning DeptMunicipality Water / SewerExploreUnderstanding your MarketTrendy areasRural areasSuburban areasVacation / Airbnb areasRental areasTransitioning areasCommercial / OtherMarketingYour funnelListsList typesWhere to get listsStacking listsOutbound ChannelsRVMMass TextDirect MailDoor knockingEmailCold callingInbound ChannelsFacebooks AdsFacebook groupsPay per clickWebsite / SEOReferralsCraigslistBandit SignsOffice PhoneRadioTelevisionSkip tracingFollow-upPersonal vs corporate propertiesMLS PropertiesTipsLead ManagementCRMIntegrationsAppointmentsWhat to bringDressing the partArrivalIntroRapport scanMirroring the sellerPain pointsQualifyingInspectionPhotosWhat to look forMeasurementsRepair EstimateEstimatingContractors & RehabbersUnderestimatingPhotos & VideoCompsOverviewCriteriaSales dataRehab CompsRental CompsWhole-tail CompsLand CompsTipsAggressive compsUsing realtorsPurchase ContractYour offer to purchase contractKnowing your contract in & outContingenciesClosing CostsAs-is conditionAmendmentsClosing dateDue diligencePurchase amountAdditional ProvisionsAssignment LanguageOffersDetermining purchase amountDue diligence period & feeEarnest money depositClosing date timelineContingenciesOffer expiration dateGood deals aren't found - they are made - multiple offersSubject ToOwner FinanceCashLease optionSending the offerMethodsWarningOffer Follow-upNegotiationEmphasisNegotiable TermsBoxing the objectionGive and takeNegotiation linesListening linesPresentationTalking numbersSigning the contractSigningWho signs?Seller attorney reviewSend contract to attorney / titleOpen escrow & title searchSummaryManaging sellers (post contract)AccessOpen houseCommunicationDealing with seller attorneysManaging expectationsPaperworkKeeping momentumMove out date & clean outRent back issuesProperty disclosuresFinding BuyersMethodsCraigslistREIAFacebook groupsLookup local salesUse local secretary of state to find property infoRealtorsBringing "retail" buyersListing on MLSDirect MailBandit signsBuyer list - big vs smallMarketing to buyersMethodsKey componentsFine printTipsManaging BuyersMeeting buyers at propertyOpen houseListening to feedbackLow ball offersUtilitiesSecuring your buyerQualifyingProof of fundsReferencesLocalOwn other real estate in the areaActive in local REI social media groupsBuyer or wholesaler?DisclosureControlling the dealAssignment vs double close controlHonest buyersPoint of contactMemorandum of Purchase AgreementCommon mistakesYou've found a buyer, what's next?Assigning your contract to the buyerAgreement outlineProtecting yourselfWhat if buyer asks to see contract?ProcessDouble closing with your buyerOverviewClosing costsWho's contract?Important contract itemsProcessTransaction detailsFundingCash buyerHard MoneyBank financingDue diligenceEarnest MoneyBuyer challengesFunding falling throughGetting to closingTitle search / issuesLiens & JudgmentsAssisting sellersPrinting & scanning on their behalfMobile notaries & UPS StoreSeller info formLeading up to closingScheduling closing dateReviewing HUD for approvalUnderstanding the HUDClosing dayWiring fundsRecording the deedGetting keysGetting paidOn HUDOutside HUDProcessStepsCongratulations!Business ManagementScaling through personnelMoney managementSystemsKPIsBooks for growthExamplesFiling LLCFiling EINBusiness Lookup (SOS)DeedsTypes of deedsDeed of TrustsBack-calculating balance owed / monthly paymentSelf-directed IRAs - Finding Buyers & Private LendersHUD Overview: AssignmentHUD Overview: Double ClosingFilling out offersPreliminary title search basicsMortgageLiensIRSMechanic's (contractors)Medical debtTaxesCode enforcement violationsPropstreamEmail Blast TemplateToolboxFilesRehab deal calculatorRental deal calculatorLand deal calculatorRepair estimatorRehab comp calculatorRental comp calculatorWholesale process checklistMortgage EstimatorKPI calculatorRental valuation calculatorReference listFeedback & affiliate infoExtra Inspection Crash CourseCourse Conclusion

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