Wholesaling 101!
Make Sure to Watch ALL OF THE VIDEOS ON THE PLAYLIST LINKS BELOW!
Wholesaling Real Estate Live Event (Day 1) - Escape the Matrix
START HERE WITH THIS LIVE EVENT! KEEP AND OPEN MIND AND TAKE NOTES!!
Wholesaling Real Estate Live Event (Day 2) - Escape the Matrix
Wholesaling Process Explained
1. Find a Motivated Seller (Marketing)
2. Meet with the Motivated Seller
3. Get a Contract Signed with Motivated Seller (Acquisitions)
4. Drop Deposit & Contract Off to Title Company
5. Find a Cash Buyer
6. Assign [or Sell] Contract for a Profit to Cash Buyer (Dispositions)
7. Send Assignment of Contract to Title Company
8. Closing Day (PAY DAY!)
Wholesaling Lingo + Acronyms Explained
EMD= Earnest Money Deposit
D4D= Driving For Dollars
BK= Bankruptcy
POF = PROOF OF FUNDS
ARV = AFTER REPAIR VALUE
OPM = Other People’s Money
MLS = MULTIPLE LISTING SERVICE
NOD= Notice of Default
DOT= Deed Of Trust
CFD= CASH FOR DEED
GWD = GENERAL WARRANTY DEED
DOM = DAYS ON MARKET
ROI = RETURN ON INVESTMENT
CAP % = RATE OF RETURN BASED ON CAPITAL GAIN
PSA= Purchase & Sale Agreement
LOI= LETTER OF INTENT
NOI = NET OPERATING INCOME
AOH = AFFIDAVIT OF HEIRSHIP
SEO= Search Engine Optimization
TC = TITLE COMMITMENT
AOC = ASSIGNMENT OF CONTRACT
SFH = SINGLE FAMILY HOME
Who is Rick Ginn?
My Story!
Who is Zach Ginn?
My Bags to Riches Story!
Free Podio CRM Guide
Is Wholesaling Real Estate Legal?
Please Read Laws & Advice with Lawyers & Title Companies before Wholesaling (This video is not legal advice!)
Current Laws
1. SC https://www.scstatehouse.gov/sess125_2023-2024/bills/4754.htm
2. OR https://legiscan.com/OR/bill/HB4058/2024
3. IA https://legiscan.com/IA/bill/HF2394/2023
4. VA https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB917
Others
1. Nebraska https://nebraskalegislature.gov/FloorDocs/107/PDF/Final/LB892.pdf
2. Oklahoma http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20ENGR/hB/HB3104%20ENGR.PDF
3. Arizona https://www.azleg.gov/legtext/55leg/2R/laws/0170.pdf
4. Illinois https://legiscan.com/IL/text/SB1872/2023
5. Kentucky https://apps.legislature.ky.gov/record/23rs/hb62.html
Wholesaling Resources
