- How do I use Listability?
Follow the steps in the Listability instructions. If you get stuck, call Listability, and Carol will help walk you through ordering the list step by ...
- How do I fill out a contract?
Our complete suite of contract video training and downloadable contracts are located in the OLC for our members that own Fast Track Profit System 2.0, ...
- How long does a foreclosure take?
In some states a foreclosure can take place in just a few months from the first missed payment, in other states the process can be ...
- How long does a short sale take?
Typically short sales take between 3-9 months depending mostly on how quickly the bank approves it. Some can drag on for years. ...
- How do I assign a property?
Fill out an assignment contract with your buyer giving them the right to step into your shoes on the original purchase and sale agreement you ...
- How do I find an investor friendly title company?
Going to your local REIA meeting is typically the fastest way. Either there will be investor friendly title agents their recruiting new clients, or the ...
- How do I cancel a contract?
Notify the seller in writing during the inspection period that the property didn't pass your inspection. If you have been in communication via email or ...
- How do I find out if there are any liens on a property?
Contact your title company. ...
- How do I avoid "dealer status"?
Dealer status can be avoided through proper entity selection. Consult with a local attorney or tax professional for the best strategy for your personal investing ...
- How can I clear a lien off a property?
We recommend consulting with a local legal professional regarding removing specific liens on a property. It may simply be a matter of contacting the creditor ...
- How do I fill out a Contract?
Watch the video in CustomerHub showing you exactly how to fill out the contract step by step. ...
- How I can go about obtaining a real estate license?
Call up the biggest real estate office in your town, ask for a manager, and they will know the answer to your question. They may ...
- How do I do a short sale without affecting my credit?
Avoid Late PaymentsKeep payments on your home current if at all possible. Late payments can cause your credit score to drop significantly. You will lessen ...
- How do I add additional names to a quitclaim deed?
Get a copy of your original deed. You will need information such as legal description, current names on the deed and parcel number of the ...
- How do I sign the purchase contract for a bank REO using my LLC not my own name?
For purchasing a bank REO with an LLC, when you sign the documents you will sign with your name followed by your title within the ...
- How do I transfer a title of real estate from a parent to a child?
Obtain a quit claim deed from your attorney. A quit claim deed allows you to give up your interests in a property and transfer the ...
- How does a home go into foreclosure?
Foreclosure proceedings usually begin after a borrower has skipped three mortgage payments. The lender will record a notice of default against the property. Unless the ...
- How much should I offer in my market on a wholesale?
Every market is different. In most markets you want to offer 70% of ARV minus repairs. In really hot markets you can go as high ...
- How are mobile homes different from houses?
Mobile homes typically don't last as long as a on-site constructed house, and have different financing requirements. If pursuing a mobile home deal, make sure ...
- How do I partner with other wholesalers?
Reach out to other wholesalers and find out if they have any deals available you can get a flex-option contract on, and find out what ...
- How do I sort a cash buyers list by zip codes?
In your excel spreadsheet of recent cash closed transactions, go to the zip codes column and sort them by "ascending" or "descending" so you can ...
- How do I find out who owns a house?
Check the tax records on the county tax assessors website. You can also run a skip trace. ...
- How do I find out if taxes are owed?
You can check the county tax assessors website. In some counties, you may need to call their office to find out. ...
- How do I find out if there's an HOA?
If it is listed on the MLS, it will be disclosed. Most older neighborhoods do not have an HOA, but if it is newer construction ...
- How do I find out HOA rules?
Request the rules from the HOA. ...
- How can I stop a foreclosure?
The most common means are to catch up the back payments owed to reinstate the loan, for the seller to work out a deal with ...
- How do I find other real estate investors?
Join a real estate investment club, attend the club's networking events and use the time to meet and get to know the other participants. Real ...
- How do I look professional coming into Wholesaling at 19?
First and foremost, be confident. Your age is a strength. You have twice the energy of a 40 year old. Dress professionally, and speak politely. ...
- How do the smaller investors compete against the hedge funds on wholesaling properties when the hedge funds can bid so much more?
The hedge funds are lazy and the majority are only buying houses at auctions, from other investors, or on the MLS. If you're a wholesaler ...
- How is a home's value determined?
You have several ways to determine the value of a home.
An appraisal is a professional estimate of a property's market value, based on recent sales ...
- How do I establish rapport with a seller? Do you have any tips or tricks?
The best place to start is to 'LISTEN'. Asking questions and listening to the answers and making notes to refer back to, in future calls ...
- How do I buy houses at a foreclosure auction?
Some states require you to register as a bidder, some you can just show up and start bidding. You just need to have your cash ...
- How do I buy a HUD?
You will need a Realtor registered to bid on HUD properties to submit your bid. You can find available HUD properties for sale at hudhomestore.com. ...
- How do I estimate rehab costs?
Check out the Rehab Cheat Sheet in the Coaches Console in the documents section. ...
- How many deals can I submit for review?
You can submit as many deals as you want provided that you submit the full info required for us to help you evaulate it. Most ...
- How do building codes work?
Building codes are established by local authorities to set out minimum public-safety standards for building design, construction, quality, use and occupancy, location and maintenance. There ...
- How do I increase a home's appraisal?
Curb AppealClean up and improve the way your house looks on the outside. Clean up any garbage or debris, paint the exterior, and, if there ...
- How do I establish rapport with a seller? Do you have any tips or tricks?
The best place to start is to 'LISTEN'. Asking questions and listening to the answers and making notes to refer back to, in future calls ...
- How do I use SocialServe.com?
You will use Social Serve to search for available rental properties in your target market. You will use the script to call the owners and ...
- How do I find out if someone has had an eviction?
Check Public Court RecordsVisit your county courthouse and look up the person’s name in records for county court proceedings. In most states an eviction is ...
- How do I collect money from a tenant that didn't pay their rent?
Sue the former tenant. Once you receive judgment in your favor, have a collections attorney start collection efforts. Many states will allow wage garnishment, and ...
- How do I file a lawsuit for a wrongful eviction?
Hire an AttorneyCall an attorney as soon as you find out your landlord is planning to evict you. Of all the avenues you have open ...
- How do I find out closing costs?
Contact your title company. ...
- How do I find hard money?
Check out the Clever Funding List in Module 5 in the CustomerHub. ...
- How do I find private money?
Your first sources of private money are typically found from your circle of contacts(family and friends). Utilize the private money presentation in the Coaches Console. ...
- How do I use an IRA to invest in real estate?
A self directed IRA can be used to passively invest in rentals or other income producing properties. There are circumstances where you can use funds ...
- How much do I need to open an IRA for real estate investing?
Every company is different, but you can open an account at some companies with as little as $100. ...
- How much of my profit do I need to set aside for taxes?
We typically set aside around 30% of our profits for tax purposes to stay on the coservative side. Usually you will have legitimate business expenses ...
- How do you get financing for a foreclosure?
One reason there are few bidders at foreclosure sales is that it is next to impossible to get conventional financing for such a property. You ...
- How many points do you lose on your credit score after a foreclosure?
A foreclosure will typically cause your credit score to drop anywhere from 200 to 300 points. After seven years, the credit bureaus will remove the ...
- How would I go about finding someone to finance a sheriff sale property?
You have to show up with a cashier's check or certified funds. If you had another asset that you could borrow against AND you could ...
- How do I remove a name from a mortgage in Canada?
Contact your mortgage lender to inform them that you would like to remove the other party from the mortgage. In Canada, both parties need to ...
- How do I avoid triggering the due on sale clause on a loan?
There are multiple strategies, however the most common is to use a trust. The seller deeding the property into the trust doesn't trigger the due ...
- How do I do a 1031 exchange?
You will need a qualified intermediary that is trustworthy. Go to a REIA meeting in your local area, and you will be able to find ...
- How do I explain a terms deal?
A terms deal is not an all cash purchase of a property. You negotiate with the seller for them to allow an amount as a ...
- How do I establish rapport with a seller? Do you have any tips or tricks?
The best place to start is to 'LISTEN'. Asking questions and listening to the answers and making notes to refer back to, in future calls ...
- How do I comp a house?
Having a Realtor comp it for you is the best way, if you have one on your power team. The best comps will come from ...
- How do I comp land that I got a call from a seller on?
Having a Realtor pull accurate comps is the best. If there is a run down house on the lot, the tax assessors website will have ...
- How do I comp a mobile home or trailer that I got a call from a seller on?
For a mobile home, start with finding out the land value. Trailers diminish in value, so the only real asset is the land underneath it. ...
- How do I comp a multi-family property that I got a call from a seller on?
Multiple family is typically valued based on the cap rate. Find out what the going cap rate for a "good deal" is for multi-family in ...
- How do I comp a commercial property I got a call from a seller on?
Find out what that type of space is selling for per square foot in its current condition with the current tenant type to determine the ...
- How do I run a skip trace?
There are tons of skip trace services available online. We typically use intelius or TLO. ...
- How much should I spend on marketing?
As much as you can afford to. Most types of marketing will bring you returns on your investment of 3-10X whatever you spend for that ...
- How do I negotiate with a seller?
Watch Module 3 of the Fast Track. ...
- How do I remove a seller from my mailing list?
Go to your spreadsheet and do a search for their name or address. Delete their row of information and re-save the file so that on ...
- How many postcards should I send out?
As many as you can reasonably afford to. We recommend batches of at least 1,000 to get a discounted mailing rate. ...
- How do I find a bandit sign hanger?
You can post a gig on Craigslist for a sign hanger. ...
- How much should I pay a bandit sign hanger?
Typically $1-2 per sign depending on how many you're paying to have put up, and how good of work the hanger has done for you ...
- How many leads should I buy from listability?
As many as you can afford to market to. At absolute bare minimum 1,000, but preferrably 3,000-5,000. ...
- How often should I mail postcards?
You should mail postcards every 1-3 weeks to have a consistent deal flow. You should mail to the same people every 4-8 weeks at least ...
- How do I get a UPS box from Canada in my target market?
You typically want to acquire a local address for your marketing, and don't have to use a UPS address. You can contact UPS to see ...
- How do I get a Google Voice number?
To set up your Google Voice just log in to your Google Apps and click on the Apps grid in the top menu, then click ...
- How do I deal with a tough, competitive or over saturated market?
There are 2 primary options when your local market is tough. Look at additional marketing strategies for either buyers or sellers, whichever you're having the ...
- How do I remove someone who gets my M5 email blasts if they can't figure out how to opt out?
In the m5, point your mouse at Marketing and click on Launch Email. In the email machine, click on View All Lists on the left ...
- How do I send out an email to just a single investor in the M5 without blasting the entire buyers list?
Just send an email to the person from your regular email. the M5 is used for mass mailing. ...
- How do I determine if a city or a town is a good location for real estate investment?
Call the local chamber of commerce and tell them you’re thinking of buying a business in their area. Then ask, “Why should I buy a ...
- How do I find out who owns a property?
Exact LocationFind out the address of the property you are interested in. Sometimes the property will not have a street address, so know what road ...
