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Community Reviews. Showing Average rating 2. Rating details. More filters. Sort order. Jan 31, Marland rated it it was amazing. Surprisely good and thorough Very informative.
Hands down the best wholesaling book I've read! You won't regret the purchase of this book especially if you're a newbie. Dec 11, peter mcguinness rated it really liked it. Seasoned info from a seasoned investor so idealized in Fl If you're looking into wholesaling, this books gives a good over view of wholesaling, then focuses in on REO wholesaling in Florida. Dec 01, Loreal rated it it was ok.
How To Make Money Wholesaling & Flipping Bank Owned Properties
Book was ok Book was ok. Mainly geared towards complete beginners to wholesaling. Also felt more like a commercial for his coaching, boot camps, and partnership programs. Karim Cherradi rated it liked it Oct 22, Kurt Michaelson rated it really liked it Jan 22, Vance Mcclenton rated it it was ok Feb 22, Kamila Kulisiewicz rated it it was ok Sep 07, Harsh rated it liked it Dec 11, Aaron Holness rated it really liked it Mar 28, Erich rated it did not like it Oct 08, Justin Hunt rated it liked it May 27, Lex Levinrad rated it it was amazing Dec 15, Peter rated it it was ok Sep 27, Mike Romaine rated it did not like it Sep 28, Ray Collins rated it liked it Sep 28, Michael Salzmann rated it did not like it Jul 26, Approaching the homeowner directly gives you the ability to negotiate terms and offers the potential for huge profit margins.
But you have to deal with title, liability, and legal issues. Public auctions, too, give you the potential for huge profit margins. But, again, there are some significant negatives.
For one thing, you have to make the purchase with cash unless you are purchasing from a real estate disposition company, such as the auctions you see put on by USHomeAuction. The profit margin can be substantially higher when you buy from a bank. Plus, there is no need to worry about title assignment or other legal issues.
When you are making an offer on a bank-owned property, you can write up the offer in the name of a land trust, and then simply assign your beneficial interests in that trust to your wholesale buyer. Or you can write the offer in your own name and, at the bottom of the contract, include this clause:. The reason you want to do that is because banks will not let you assign your contract to a specific person. Comment on this article. Assigning and selling LLC to end buyer seems o.
Wholesaling Bank Owned Properties by Lex Levinrad
Money wired from LLC account only to be determined. REO's are selling over market value.. Concerned this might not be the market I should be working in until I do a lot more research. Semper Fi D-LO. Subscribe to our RSS feed to get the latest articles, forum posts and news from our site.
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