Articles by Duane Stephens on ArticleSnatch.com

WHOLESALE HOUSE FLIPPING LETTERS OF INTENT

Fri, 03 Jul 2009 00:00:00 -0400

Hello Everyone My experience with sellers is that they know very little about contracts, title companies or any of the procedures that are involved with the selling of their home or property. I think it is your and my duty to make the situation as comfortable as possible for them. I rarely sign a Purchase Contract with a seller until we go to the Title Company that is being used. When the seller and myself are ready to perform on a contract, I will encourage them to meet me at the office of the title company, with a title officer or the attorney that owns the company. At this point they can ask any questions about the contract or procedures involved. Once the contract is signed then I proceed to finalizing the cost of repairs estimates and locating the right buyer/investor/rehabber to purchase my contract. Many people that try and wholesale or flip contracts are way too aggressive with the seller to get them under contract. I personally feel that this will lose many deals for them and of course lose a great amount of income. Sellers are nervous about any situation where they have little knowledge. **End Summary** Topics: Wholesale houses]]> flipping houses]]> wholesale real estate]]> ]]> flipping]]> rehabbing]]> hard money]]> house wholesaling]]> how to wholesale houses]]> ]]> About the Author: ]]> Professional Real Estate Wholesaler and Author of "Learn To Wholesale Houses". Twenty-five years of experience/contracted over 200 properties. Expert author of many articles published on various websites and Syndicated Columnist. Mentor to over 100 real estate wholesalers. Former Securities Broker with over 25 million dollars in Venture Capital acquired. Professional Golfer for 22 years. www.learntowholesalehouses.com

SORRY, FLIPPING HOUSES DOES NOT MAKE YOU A PROFESSIONAL WHOLESALER

Fri, 26 Jun 2009 00:00:00 -0400

I have been in the business of Real Estate Wholesaling for over two decades and have met many people who refer to themselves as professional wholesalers. They flip houses for a living, but that is all they do. They use various means to locate a house and then their determination of the value is usually wrong. I have many of them call me and ask if I have a buyer for the property. In almost every case, they want to split their assignment fee for me to provide an investor. They rarely have a data-base of investors to buy their contract. Of course this will cost you a considerable part of your assignment fee. I do understand that there are situations where they may just be getting started or they may be a person you are networking with. In some cases you use other wholesalers that you network with to get a contract bought. You may not have any investors that would be interested in the property and one of your networking partners does have one. This is an important part of the wholesaling business. Making money using different marketing and networking strategies. **End Summary** Topics: Wholesale houses]]> wholesale real estate]]> flipping houses]]> flipping]]> rehabbing]]> hard money]]> house wholesaling]]> how to wholesale houses]]> wholesale]]> ]]> About the Author: ]]>

Wholesale Real Estate Sellers and Investors

Sat, 13 Jun 2009 00:00:00 -0400

WHOLESALING REAL ESTATE PART ONE INVESTORS AND REHABBERS I have been a real estate investor for many years and specialize in wholesaling properties (single and multi-family properties). I have been very successful in this niche of real estate investing. The reason that I have been successful is simple: Having a large data-base of investors to offer my contracts to. Without those contacts, you might want to look into another career. I advertise aggressively for motivated sellers and when I put a house under contract, I need to be ready to move fairly quickly. The seller wants to move quickly and I need to make a living. My standard contract with a seller allows me approximately 45 days to find an investor or rehabber to purchase the contract that I have. But things happen and sellers get anxious and I donâ€™t want to lose potential profit. Normally, I will sign a Letter of Intent with the seller that allows me a few days to prepare the contract and investigate the house more closely. In most cases, I will have an Assignee for my contract before the Letter of Intent expires. **End Summary** Topics: houses]]> wholesale houses]]> house wholesaling]]> flipping houses]]>]]> About the Author: ]]> Professional Real Estate Wholesaler and Author of "Learn To Wholesale Houses"Â. 25 years of experience/contracted over 200 properties. Expert author of many articles published on various websites. Former Securities Broker with over 25 million dollars in Venture Capital raised. Professional Golfer for 22 years. Mentor to over 100 real estate wholesalers.

Wholesale Real Estate: 65% Rule The Big Myth

Sat, 13 Jun 2009 00:00:00 -0400

Hello Everyone, I am just now catching up to the internet world. I played professional golf most of my life, but have been an active real estate investor and wholesaler for around 22 years. I have contracted over 200 homes in that period of time. Most of those homes I have flipped to other investors / rehabbers and made a very quick and fairly easy profit. I have also kept many homes to rehab and retail out and many of them I kept for rental property, to build long term wealth. I have used several different exit strategies when I buy homes. Owner financing , lease options and rental property. This is the beauty of being a professional real estate wholesaler. It gives me many options on property that I have bought at big discounts. If I keep the property for rental, then I have a great piece of real estate that has huge equity and certainly is not as effected by downturns in the real estate market. I rarely deal with foreclosure property. In most cases there is very little equity to work with. I don't look for a paultry amount of cash flow from a home. **End Summary** Topics: houses]]> wholesale houses]]> house wholesaling]]> real estate]]>]]> About the Author: ]]> Professional Real Estate Wholesaler and Author of "Learn To Wholesale Houses"Â. 25 years of experience/contracted over 200 properties. Expert author of many articles published on various websites. Former Securities Broker with over 25 million dollars in Venture Capital raised. Professional Golfer for 22 years. Mentor to over 100 real estate wholesalers.