How I made over 28 grand with four signs
by working with new home builders.
I kind of got nervous again and messed this up so you want to watch this along with the other videos in the series and especially the class on signs that Azam did.
First of all, THANK YOU again for making this channel the number one channel for Indiana real estate on YouTube according google analytics and SocialBlade info for BigReia.com.
Let’s get started…
So here’s a brief overview.
Step One: Find a new home builder.
Understand how new home builders work, they pay 5% usually to agents find out what that is. Builders like Centex, Pulte, etc. or a local builder. Easy because they are already doing if you don’t have a license you can still do it by getting an option that is assigned for about the same amount the 5% for example.
Step Two: Market for buyers.
Market a house you have in the area, a house for somebody else, or even one of the construction homes there.
Step Three – Send leftover buyers to the builder.
So get the buyers and work with them how you would normally with whatever the standard transactions you are doing. So sell the main house so to speak. Then take what’s left or a portion and have them meet with builder. Remember the buyers get a special if they go through you, upgraded counter tops, pool, walk out basement, etc.
Step Four: Sign the offer and schedule closing.
Once the buyer finds the home they want they can sign the contracts and paperwork that day. The closing is scheduled and everything gets on track.
Step Five – Close and you get your check.
This is the fun part. Well it is all fun right?
For example on a $150,000 house they would pay an realtor about 5% or $7,500 but if you don’t have a license you have a few options one is to write an option on the property for $142,500 and then assign for $7,500.
Usually better to just get license though easier to follow.
Below is the video I made right after this one it will help clarify this and you can also go through that entire post here.
Thanks much everybody! = )
~ Indy Anna
How to Double Close Legally, Simultaneous and Closing Double Closings for Real Estate Investors and Wholesalers Explained.
How real estate investors can double close deals, wholesaling real estate and double closing.
Real estate investors: take this quiz to see if your business will ever make you $100k/month in passive income.
Real estate investors here’s a 10 question quiz to see if your business will ever make you 100k/month and beyond
How to invest in multifamily real estate for beginners.
What is Driving for Dollars to Find Motivated Seller Leads – how to find off market deals and make 20k/month driving for dollars?
The Ultimate Guide to Driving for Dollars and Making 20k/Month: Because Walking for Dollars is Too Slow Every real estate investor should know what "Driving for Dollars" means and how it works to find motivated seller leads, even if you are never use the strategy. ...
How to buy 30 rentals by recycling the same $20,000 - the BRRRR Method on steroids. The only real estate investors who win big are the ones who buy and hold real estate for several years. A great way to do this is to buy rental properties and recycle your cash so...
How to House Hack for Real Estate Investors. House hacking can be a great strategy for real estate investors. House hacking allows real estate investors, especially beginners, start buying rental properties by living in part of them and having your tenants pay all or...
How to build a real estate wholesaling business that makes you $100k/month keeps you out of jail? Real estate wholesaling is a very popular term right now. However, very few real estate people know how to wholesale correctly and now that laws are changing many...
Can pay off a rental property in the FIRST year just signs and flyers? Just about the surest way to secure a passive income of $30,000/month that will last forever is own rental properties that are paid off. As a smart real estate investor you REALLY need to develop...
Can you really make 100k/month using ugly handwritten signs? I've never met a real estate investor who truly understood the power and profitability of using signs. I can boldly and confidently say that NO real estate or business person on the planet has made more...