4 Ways to wholesale real estate

 4 Ways to wholesale real estate. 

This video goes into great depth to discuss 4 ways to wholesale.  They are

1. Simple Wholesale

2. Wholesaling an REO or a Short Sale

3. The Double Close

4. Transactional Funding

You will need to setup your contract correctly in order to execute each of these.  This 2.5-hour video will show you everything you need to know.  Bring popcorn and a notebook.  Then call me with questions, would love to hear your thoughts. 

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 

Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection

Best,

Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com

Check out our unique real estate services and advantages

Geoff & Mia Nowlin

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Name:

Email:

We respect your email privacy

Serving Maricopa & Pinal County Arizona

Key Performance in Real Estate Investing

 Key Performance Indicators in real estate investing.

A Key Performance Indicators are trackable events that can forecast success in any business.  For example, when I ran my Information Technology Company back in the day, here were my KPI’s:

. 30 dials of the phone in 2 hours

. 28 voice mails

. 2 conversations

. of the 2 conversations, I got 2 appointments or 2 job orders or one of each

. for every 5 appointments, I could deposit a check withing 2 months

For the real estate investment business, each KPI depends on your “Finding Property” strategy.  Here is how I would create my KPIs as a RE Investor:

. Finding Property Strategy

. # Dials/emails/Texts/Ringless Voice Mails

. # Conversations

. # Offers

. # Acceptances

. # Deals that deposit a check into your bank account

. Average check amount is _____________________?

Hope this will help you forecast your success for your business. 

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 

Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection

Best,

Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com

Check out our unique real estate services and advantages

Geoff & Mia Nowlin

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Name:

Email:

We respect your email privacy

Serving Maricopa & Pinal County Arizona

Wisconsin inspection law vs. Arizona Law

 

Wisconsin passes Home Inspection Integrity Act, good or bad news?

Before this year, in Wisconsin, anyone with a ladder and a pickup truck could be a home inspector.  (p.s. same in California).  The Wisconsin idea is that if they force home inspectors to get “proper” training ahead of time, they somehow will be more credible and provide proof of reliability.  Hmmmmmm.

In theory, I agree that a trained home inspector does have more credibility than not.  I totally disagree about their assertion of “proof of reliability”.  You can still have an inspector who shows up late, forgets an appointment, leaves out sections of the report, etc.  I know plenty of licensed people who are not worth a salt. 

We have this here in Arizona, inspectors must be licensed and follow the AZ Standards of Practice.  In Wisconsin, the Association of Realtors and a home inspection training company call API Home Inspection Training got together to create the Wisconsin Standards.  Interesting, no one from the actual Home Inspection Industry was involved.  Not sure how I feel about that.  Seems like the API wants government to force purchase of their product.  Yuck. 

My biggest objections to the Wisconsin law:

1. It requires a Summary Page in the Report.  We all know that Buyers, Sellers and Realtors do not read the home inspection reports.  They just want to skip to the sexy stuff and skip the details.  I would have preferred that we leave out the Summary Page and let everyone actually read the report.  Why the hell are we writing these reports if people don’t read them.  

2. The NON-Home Inspectors have statutorily defined the word “defect” and it is now legally required.  I dislike that because a condition is not necessarily a defect.  A defect to one Buyer maybe different than a defect to another Buyer.  This is a very big leap.

3. The Integrity Act attempts to codify common language when it comes to descriptions.  This is literally impossible.  One size does not fit all.  Common language cannot possibly cover every home condition.  Inspectors must be able to accurately observe and describe findings that are uniquely specific to the house.  What’s next, are they gonna make all the Home Inspection Software Companies plug in their “one size fits all” descriptions.  Does anyone really think that every house and every condition is exactly the same?

Kudos to Wisconsin for attempting licensure. But as usually with any government overreach, their lust for power and control is setting up a bad precedent.  That’s my opinion, would love to hear yours. 

p.s. Geoff Nowlin is a licensed AZ Home Inspector. 

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 

Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection

Best,

Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com

Check out our unique real estate services and advantages

Geoff & Mia Nowlin

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Name:

Email:

We respect your email privacy

Serving Maricopa & Pinal County Arizona

How to make an offer on Real Estate thru your Realtor

 How to make an offer on real estate thru your Realtor

In this video you will see what your Realtor goes thru to get an offer out the front door for you.  Your Realtor will need the following to make an offer:

• Pre-Approval or Pre-Qualification Letter: Please make sure the pre-approval is still valid.  Normally, the pre-approval is expired within 90 days.

• Proof of Funds: This is the cash you will need for the down payment amount and closing costs (please black out or remove any acct numbers before sending) or an official bank statement showing the entire down payment or a screenshot.

• Full legal name of anyone that will be on the contract.  You can do so personally or in a corporation such as an LLC.

• Email address to use when signing documents. (Each signer needs their own email address for DocuSign or like signing product)

• Your Home Address, The Offer Property Address

• Phone

• Offer Price

• Down Payment

• Close of escrow date

• Initial Earnest Money Deposit (EMD)

• Additional EMD, date due

• Financing contingency (Y/N?)

• Type of Loan or Cash

• Appraisal contingency (Y/N?):  If yes, how many days?  

• Inspection contingency (Y/N?):  If yes, how many days?  

• Addendum Language (Y/N?): ask your realtor

If you need to buy or sell a home, see us at www.5kflatfeelisting.com.  We look forward to hearing from you. 

Buyers get: Sellers get:

FREE Home Inspection 5k Flat Fee Listing

FREE Termite Inspection FREE Home Inspection

FREE Home Warranty FREE Termite Inspection

Best,

Geoff Nowlin, Phoenix Realtor Brett Young, Cleveland Realtor

480-466-3737 (216) 703-5740

www.5kflatfeelisting.com by56083@gmail.com

nowlin.geoff@gmail.com

Check out our unique real estate services and advantages

Geoff & Mia Nowlin

480-466-3737

www.5kflatfeelisting.com

nowlin.geoff@gmail.com

Name:

Email:

We respect your email privacy

Serving Maricopa & Pinal County Arizona