How to Wholesale Pre-foreclosures Step-By-Step

Рет қаралды 683,099

6 жыл бұрын

I want to first thank you for taking the time out of your day to watch this training video. Wholesaling Pre-foreclosures is one of the fastest ways to make money in real estate, as long as you know how. This strategy doesn’t require money or credit, which is great if you’re just getting started in real estate investing.
In this training video, you’ll learn how to Wholesale a Pre-foreclosure Step-By-Step. This is actually easier than you think. This business is NOT about taking advantage of people, it’s actually quite the opposite. You will learn how to take the Wholesaling Strategy and apply it to someone that’s in Pre-foreclosure. Not only does this save the owners credit and embarrassment, but you are also making money by helping people out of a very difficult situation.
I will be using REIPro Software to find Pre-foreclosures as well as working through the deal. You can learn more about REIPro by clicking the link below. (See UPDATED Version of REIPro)
_____________________________________
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👁 Who is Chris Goff?
Chris Goff started Real Estate Investing in 1999. Chris didn't have any money to work with, so he was interested in learning 'no money down' real estate strategies. Since then, Chris has spent the last 2 decades building wealth in real estate along with building the #1 Real Estate Investing Software Program for Real Estate Investors… REIPro.
*Thank You!
I would personally like to welcome you to our family where we actively seek the future. I’m just trying to inspire you to get started in the cash generating business of real estate investing. I’ve have helped thousands of people like you make thousands of dollars. Whatever your real estate investment goals are, I wish you much success. I will do everything within my power to help you become financially independent, and help you love to be alive. Be sure to subscribe and click the notifications bell to be notified of my newest training videos.
#wholesalinghouses #wholesalingrealestate #wholesaling

Пікірлер: 598

@adebabs7777 3 жыл бұрын

I am speechless, I just want to say THANK YOU for the way you simplified the whole process of pre foreclosure deals. You are a lifesaver and truly a BIG HELPER sir. I personally appreciate your time. Thanks a million once again for this free gift.

@ChrisGoff 3 жыл бұрын

Glad it was helpful!

@mjphoen1x949 2 жыл бұрын

8oo8

@deonramey7666 5 жыл бұрын

God Bless you, I've gotten my info from your training vid then the courses that I've spent money on you've answered the burning questions that have been holding me back!

@miguelducasse 4 жыл бұрын

Finally!!! Took me months to find a video that can break down practically what the heck is going on during a foreclosure process.........great break down and love the elaboration I what is actually going on during a foreclosure..

@ChrisGoff 4 жыл бұрын

Awesome! Thank you!

@brittanyparistx 5 жыл бұрын

WOW!!!!! 💜 thank you so so much! Just joined REIpro because of this video. I’m just amazed. Thank you. Thank you. Thank you. This is now my “niche”!!!

@gbk6846 5 жыл бұрын

Chris, I have to say.. between 19:00 and 22:00 you identified yourself as a great marketer. You got my attention because that is exactly how I feel. I'm learning more about this business and the more I learn about this business the more I don't want to talk about anything else except Real Estate. Good one! Good content too!

@melodeelucido1446 6 жыл бұрын

Chris, you are one of the VERY FEW truth tellers in this industry. I am a very happy user of REIPRO. This comment is not solicited! Thank you for this training. I appreciate you!

@ChrisGoff 6 жыл бұрын

Hi Melodee, Thank you so much for the positive comment and you are correct about.... 'the others' :)

@melodeelucido1446 6 жыл бұрын

my pleasure, it's the truth

@ajyearby2425 5 жыл бұрын

Chris Goff please see my first in depth comment

@luvshy 4 жыл бұрын

Same. We're loving it.

@jeffreyhooper7806 5 жыл бұрын

Thankyou, You’re changing my life. I’m in college and I want to build my future now at 22. You’re a Godsend

@ChrisGoff 5 жыл бұрын

Awesome, glad to hear that I can help! Keep it up!

@keyonnamartin524 4 жыл бұрын

@@ChrisGoff I will o

@gabrielsolis550 3 жыл бұрын

Video was laid out very well I took notes from start to finish(total of 4 pages !)

@ChrisGoff 3 жыл бұрын

Glad it was helpful!

@alphacomplexinc4864 5 жыл бұрын

Very very detail oriented!! Thank you Chris!! Much Gratitude to you. Keep up the great work.

@ChrisGoff 5 жыл бұрын

Thank you so much!

@itsalexcota2085 5 жыл бұрын

This video was awesome. I’ve watched a lot of videos about wholesaling/fixnflips and this one was definitely one of the best. Thanks Chris 👍🏻

@ChrisGoff 5 жыл бұрын

Thanks for the positive comment!

@RicaG29 3 жыл бұрын

Thank you, Chris!! You are such a blessing. Great information.

@ChrisGoff 3 жыл бұрын

I appreciate that!

@sandrawhite8158 5 жыл бұрын

WOW!!! All this information for free? Priceless!!! Yes I'm just starting out and this video is extremely helpful. Thank you, very well done! Your new subscriber and this video goes into my library!

@ChrisGoff 5 жыл бұрын

Yes, others charge thousands for this info. Thank you!

@tammi67able 3 жыл бұрын

I know right?

@ronmillion 5 жыл бұрын

This was awesome, I appreciate the information. I honestly can say I did not feel as if you were trying to sell me something. Thanks for your time sir !

@ChrisGoff 5 жыл бұрын

Thanks Ronnie!

@veggiedat6312 5 жыл бұрын

Thank you soo much for this!!

@Deanstruction1 4 жыл бұрын

Great video! This is probably the best one out there explaining this strategy. The others youtubers come off like they are just repeating what others are saying and they don’t really wholesale.

@ChrisGoff 4 жыл бұрын

Thank you for the AWESOME comment!

@andyz2747 6 жыл бұрын

Hey Chris that way you explained everything it's so well presented thank you

@ChrisGoff 6 жыл бұрын

I appreciate it Andy!

@HappilyEver_Harris 5 жыл бұрын

Best Video EVER!!!! Clear and Concise!!!

@ChrisGoff 5 жыл бұрын

Thank you Terri!

@kyleshirley5197 6 жыл бұрын

Awesome video, thank you!!!

@samie5856 4 жыл бұрын

I watch a lot of real estate videos daily and this is the best presentation I've seen thus far. Thanks Chris

@ChrisGoff 4 жыл бұрын

Thank you so much!

@crussey123 Ай бұрын

Incredibly helpful. Literally step by step. Thank you for taking time out of your day to give this to those who needed it.

@ChrisGoff Ай бұрын

Glad it was helpful!

@melissachree 5 жыл бұрын

Best video on KZfaq. Hands down! Thank you!!

@ChrisGoff 5 жыл бұрын

Hi Melissa, thank you so much for you comment!

@BushidoBrown117 24 күн бұрын

finally a video who shows how to analyze pre foreclosures deals. Thanks

@ChrisGoff 22 күн бұрын

Glad you enjoyed it!

@MsMiscelaneous 6 жыл бұрын

Great educational video

@Xpresstaxservice 5 жыл бұрын

I wish I could love this video instead of liking it so informative and has definitely motivated me ❤️❤️❤️

@ChrisGoff 5 жыл бұрын

Thank you!

@definedhealthcareservicesl4180 5 жыл бұрын

Thank you that was awesome.

@labreeb3333 4 жыл бұрын

Great video! Thanks

@johannees622 2 жыл бұрын

Perfect timing to learn about this niche and strategy. Thank you for the information.

@ChrisGoff 2 жыл бұрын

My pleasure!

@ceestapleton7883 5 жыл бұрын

okay i have a dumb question do you always calculate 3mo/s of payments and add them to the offer for the seller? say hypothetically you sell in 2mo/s so did you overcharge the end buyer or am i just over thinking it?

@WeBuyFast 7 ай бұрын

Excellent content big dawg!

@ChrisGoff 7 ай бұрын

Glad you enjoy it!

@JTiggsss 2 жыл бұрын

Thank you for this amazing information Chris just earned a subscriber 🤝🤝

@ChrisGoff 2 жыл бұрын

Appreciate it!

@frazierepgroup903 2 жыл бұрын

By far THE BEST video I've come across that explains seller financing. Thank you!

@ChrisGoff 2 жыл бұрын

Thank you for the positive comment!

@ashleyamellia1973 5 жыл бұрын

Very clear and informative! Thank you for this video!!

@ChrisGoff 5 жыл бұрын

Thank you so much Ashley!

@lavarball3124 4 жыл бұрын

Thank you man I’m 18 about to start college soon and I’m trying to get into real estate

@ChrisGoff 4 жыл бұрын

Awesome!

@jamalausberry1588 5 жыл бұрын

First time listener and i just heard that you were from Northern Virginia, so am I. This is a great video

@joshjuly5921 4 жыл бұрын

Thank you, very informative

@yussefg7267 3 жыл бұрын

Your free content is on par with courses I have spent a grip for!

@ChrisGoff 3 жыл бұрын

I appreciate that. Glad it is helpful!

@alecsilva85 4 жыл бұрын

Amazing video loved the detail took a lot of notes!!

@ChrisGoff 4 жыл бұрын

Thanks so much!

@nellaambroise8684 2 жыл бұрын

This information on this video really fit my knowledge thank u 🙏 so much for ur time.👏

@ChrisGoff 2 жыл бұрын

You are very welcome!

@SuzieQ1007 6 жыл бұрын

Doesn't the judgment amount include back payments?

@llclassifiedll8179 5 жыл бұрын

What do you mean when you say “fall in love with the numbers”?

@velwear 2 жыл бұрын

Thank you Chris! This was very informative information. I really enjoyed it. 👍🏿

@ChrisGoff 2 жыл бұрын

Glad you enjoyed it!

@josiebear26 5 жыл бұрын

Chris, would the selling price to my end buyer be the total expense minus the 15% profit plus my fee?

@ItsWillTalk 5 жыл бұрын

I notice there is no formula used here as far as wholesaling. We have been taught about the 70%(ARV x 70%- rehab cost- wholesale fee= offer) rule. That was never mentioned. Why?

@ladonwilliams1333 5 жыл бұрын

I've paid several hundred dollars for training that did not provide this much actionable content. Switching to your platform. New REIPro customer. Thank you!!

@ChrisGoff 5 жыл бұрын

Thank you so much for your kind comment and thank you for believing in REIPro.

@rauhsel7124 4 жыл бұрын

Learned a lot! Thanks man!

@ChrisGoff 3 жыл бұрын

Thank you

@catalinalee1 5 жыл бұрын

Amazing! Thank you!

@ChrisGoff 5 жыл бұрын

Glad you liked it!

@vickianaramirez1 5 жыл бұрын

Chris, On the total expenses, a realtors fee was not included. Should include that in the expenses for the investor when you are putting a deal together as a wholesaler?

@williamlynch4353 4 жыл бұрын

Your intro was on point and full of the truth!!!!

@ChrisGoff 4 жыл бұрын

Thanks a bunch!

@shontelsimmons7240 6 жыл бұрын

Come on Chris your coming to Dayton Oh. I'm waiting patiently for you to come to Cincinnati.

@user-rt5ti5fy5i 6 жыл бұрын

What about doing this type of deals in states like Maine, which protects the mls and doesn’t give access to people who have not a real estate license. I could contact agents but then I would have to depend on them.

@ChrisGoff 6 жыл бұрын

Hi there, REIPro already has the pre-foreclosure list for Maine so you would only need a Realtor to access the MLS for comparable sales, which in your state, you'll need one. (BUT... stay tuned because we have something coming up very soon that might just fix this whole problem... and not just for Maine.) Depending on agents to help is not a big deal, they could list the home to the new buyer after they fix it up. Just look at it as an unstoppable team... You - Retailer - Agent! Everyone WINS.

@amandahan4674 Жыл бұрын

You are the best. Thank you

@ChrisGoff Жыл бұрын

Appreciate that!

@theotherside3122 5 жыл бұрын

I might’ve missed it but where is the purchase to sell price you offer to the seller?

@jeanpalisoc7682 3 жыл бұрын

Thank you very much Chris Goff for educating us. God Bless you morr

@ChrisGoff 3 жыл бұрын

You are very welcome and I love to help people.

@latoyagriffin1410 5 жыл бұрын

Awesome video. It is the most helpful video on KZfaq in terms of wholesaling pre-foreclosures. However, I am not sure for what amount the wholesaler would be putting the property under contract...is it the result of the ARV - Total Expenses? I understand the regular formula of ARV (.70) - repairs - fee but not sure of the right formula for pre-foreclosures. Please share. Thanks!

@davidszabo6066 5 жыл бұрын

This is the BEST FREE training I've ever received !!!! Thank you so much!

@cloober2099 5 жыл бұрын

Fantastic Video. Thank you. Question: -When the assignment of contract is signed, should you have it recorded with the city for safe measure? -When meeting the owner and the owner decides to move forward with you(wholeseller), is the deed in your name at all or no? or is that not even important? Thank you. best, Gabe

@maddisonrealestateinvestme8015 5 жыл бұрын

gabe quezada yes. You should file a memorandum of agreement with county on all deals. Just remember though you are dealing with a potential foreclosure so if the seller finds a buyer before you do even though you signed an agreement you should ethically “release” the memorandum so you are not “tying up” the property for the sole sake of you doing a deal. Good karma always comes back.

@inmythoughts776 5 жыл бұрын

Best video hands down..Thank you!!

@ChrisGoff 5 жыл бұрын

Thank you so much!

@ChrisGoff 5 жыл бұрын

Thank you so much! Happy New Year!

@PierceDaviid 5 жыл бұрын

Hello, I'm currently on the 30-Day trial for REI-Pro. When I clink on the Property Details I don't have the "Forclosure" tab available for me to click on. How can I access this tab to look up the Foreclosure information

@tavonthemoor 5 жыл бұрын

CLS Sneakers click the red foreclosure tab on the far right and it will display the information that is there. I figure you’ve probably figured that out already but that’s where it is.

@chaudo8978 3 жыл бұрын

Thank you very much!

@ChrisGoff 3 жыл бұрын

You're welcome!

@williesimmons5760 Жыл бұрын

YouR Experience plus Explication with youR Level of Articulation explains it all with youR Wisdom,makes you GREAT, 👑👍 I SALUTE 🫡 U!!!!1

@ChrisGoff Жыл бұрын

So nice of you

@themrjameswhitejr1386 5 жыл бұрын

I love this Chris!!!

@ChrisGoff 5 жыл бұрын

Thank you so much!

@terrance184 6 жыл бұрын

Great video!!

@ChrisGoff 6 жыл бұрын

Hey Keith, thanks for the positive comment!

@rosaleedaley1426 5 жыл бұрын

When getting the contract signed under those terms with the seller, should I have a Contract on hand ? or should we meet at the attorney's office to have the contract written up and signed? and I'm asking because typically you don't want to leave a property without getting it on contract. Your advice would be greatly appreciated.

@ChrisGoff 5 жыл бұрын

You can use contract to purchase and specify the terms to initially pout it under contract, then get with an attorney.

@tammi67able 3 жыл бұрын

This is awesome information! Thank you and God bless

@ChrisGoff 3 жыл бұрын

Glad it was helpful!

@keepingupwithjess_ 3 жыл бұрын

Wow - this was great and what I needed to fill in my little gaps.

@ChrisGoff 3 жыл бұрын

That's great!

@teechisholm7633 6 жыл бұрын

Which contract to use in myreipro.com to do preforeclosure transaction with the seller?

@StyleLushBoutique 5 жыл бұрын

WOW! This training was phenomenal !!! It was clear and made so much sense. Thank you!

@ChrisGoff 5 жыл бұрын

Thank you for the positive comment!

@MaekarManastorm 5 жыл бұрын

Fake comment

@saraward4773 5 жыл бұрын

@@MaekarManastorm Why did you say this is a fake comment?

@DeLureVisionz 6 жыл бұрын

When doing lease option the home owners want tenants to make a certain amount and credit requirements. How do I tell them I’m not going to be living there and I’ll have other people living there???

@ChrisGoff 6 жыл бұрын

You just tell them upfront and if they're motivated, it won't matter. We run all potential buyers through a mortgage broker to pre-qualify them because we do want them to buy.

@ItsWillTalk 5 жыл бұрын

When we present this deal to an investor, is it okay to present it to them exactly like you have it at 53:00 ? All the numbers broken down for them to see?

@thepinksnob7370 3 жыл бұрын

Following

@jaugenantoo3197 5 жыл бұрын

Hi Chris, Thanks a lot for these knowledge. I have one question. I have a seller in pre-foreclosure. He took over his mother’s house after her death. The mother took a loan to help pay some bills in the house. The son doesn’t know how much is owed on the house. How do I know how much owed on the property to see if there is equity on it? Should I pay my title company to do a title search first ? How do I negotiate with the bank? Which documents the seller should release to me so I can speak with the bank ? Thanks

@reysunga4891 5 жыл бұрын

This maybe an obvious question but if I can get some clarification that would be great. So do you need to get the wrap around agreement addendum signed as well as the seller financing agreement along with the purchase and sale contract?

@ChrisGoff 5 жыл бұрын

It's all the same agreement unless you just want to quickly put it under contract to secure the deal. If you do, then the final contract with your seller and new buyer will include the seller finance and wrap.

@367cuba1 5 жыл бұрын

Chris, what about doing a subject 2 on a pre foreclosure then wholesaling it?

@ChrisGoff 5 жыл бұрын

You could do the sub-2 but you would need to come up with the funds for back payments and start making the payments until you sell it. There's no need to do this if you don't have to. The end buy would be doing the seller finance with home owner. You're just simply putting it under contract and assigning. Hope this helps!

@mandrewmillward4250 4 жыл бұрын

Love the vids have a great one everyone please stay blessed

@danilouenriquez8960 4 жыл бұрын

Please

@ChrisGoff 3 жыл бұрын

Thank you and will do!

@pese26 5 жыл бұрын

Instead of Seller financing, can the investor pay the back payments then purchase the home? Especially if there is more than 50% equity?

@jackjohnson6188 5 жыл бұрын

tina P yes that is called mortgage assumption I believe

@norrismcknightMrAwareness9298 Жыл бұрын

I was lost, until I saw this video. Thanks

@ChrisGoff Жыл бұрын

Glad I could help!

@ChantelRich 2 жыл бұрын

I live in Albany NY where there are blocks full of houses with a big Red X on it or bought by the city. I’ve been trying to find what strategy I can use for these buildings. Any advice on how to start ?

@ChrisGoff 2 жыл бұрын

Depending on if the city has control of it or not but Wholesaling and Seller financing would be my first choice. Hope this helps.

@ACTHEMOGUL 5 жыл бұрын

Dope thanks for sharing this j7st getting started

@ChrisGoff 5 жыл бұрын

Thank You!

@reysunga4891 5 жыл бұрын

So if i'm connecting dots here right, correct me if i'm wrong. Getting the deal under contract will allow me to market the contract to my end buyer without necessarily opening an escrow account on the property yet to be able to run the title since it would be on pre-foreclosure. Therefore, once i'm sure that the deal will be closed with my end buyer i could then open an escrow account for the property and close with all the costs payed at the end including attorney fees and such? (with seller financing and wrap included by the attorney)

@ChrisGoff 5 жыл бұрын

Correct!

@FLynn-jb8xs Жыл бұрын

Hi Chris, thanks for the video, 2 questions: 1. How much would I be getting it under contract for with the homeowner? 2. What amount do I assign it for with the cash buyer?

@michaelhardyjr5230 4 жыл бұрын

Mr. Goff, I have a question for you. How would you go by setting up an entity to acquire pre-foreclosures for wholesaling in your opinion?

@ChrisGoff 4 жыл бұрын

You just to set up an LLC which you can get online at Rocket Lawyer.com

@izzy6602 3 жыл бұрын

Very well explained 👏 ..can you do another video like this for wholesaling vacant properties or failed listings?

@ChrisGoff 3 жыл бұрын

Thanks a bunch! I do have a complete training series on wholesaling which Episode #1 is on KZfaq for free. The remaining series is in REIPro Software (www.myreipro.com) kzfaq.info/get/bejne/qtx-mtOK0dKqp6M.html&feature=emb_title

@brandonray4379 Жыл бұрын

Hey Chris, with limited experience how do I arrive at those numbers when structuring a deal given that it would be my first time wholesaling a pre-foreclosure? Like the inspection costs, holding cost, etc? @ 54:03

@ChrisGoff Жыл бұрын

You need to use our All Cash Offer Formula in REIPro and soon to come Pre-foreclosure Offer Formula. www.myreipro.com

@ariellekelly2749 6 жыл бұрын

Hi Chris, I've watched this video about 3 times. I keep coming to one question: After I make contact with the owner, I need to get the home under contract...(got that part)… should I already have an attorney have paperwork ready or can I use the assignment contract in REIpro just as a precaution to have them sign while I have the attorney draw up the paperwork? I'm asking because what is to stop the owner after speaking with me to make a deal with another investor if I don't already have paperwork signed?

@ChrisGoff 6 жыл бұрын

Hi Arielle, you can just put it under contract with the owner to secure the deal... then once you wholesale it to a new buyer, the attorney can draft up all the docs to make it official. Hope this helps and if not, you should attend our upcoming event in Atlanta on September 8-9 where I cover this strategy in detail: www.reisuccessconference.com/

@shanda01114 6 жыл бұрын

Chris, I noticed you mentioned the retailer or investor will want to make 15% ? from other wholesale info I have watched they generally state that the investor will want to make 30%, what is the difference here? Btw, this video was very helpful. I actually had to watch it twice to fully understand but I have it now. This seems like a very helpful tool. I can't wait to use this tool to bless others!! Thank You!!!!

@ChrisGoff 6 жыл бұрын

The new investors profit is always based on what you can negotiate but I like to use 15% as a general rule. You will find that you won't be able to do too many deals with an investor that wants 30%. Hope this helps!

@shanda01114 6 жыл бұрын

Yes, that certainly does. Thank You!!!!

@robelkaltiso5895 5 жыл бұрын

Hey Chris, What happens when the total expenses (payoff, inspection costs, monthly payments) exceeds the ARV of the property? Does that mean there is not enough equity in the property and it cannot be wholesaled? I think I have a potential deal with this specific situation. Thank you!

@ChrisGoff 5 жыл бұрын

Would have to be a short sale at that point.

@MsMiscelaneous 6 жыл бұрын

Hi Chris i. What step is the property deeded to the buyer before they actually buy the house? When does the tile company come in? Is it during assignment of contract or when the buyer has fixed the house and ready to buy the home?

@ChrisGoff 6 жыл бұрын

The title company doesn't come into play until the investor has fixed up the home and sold it to someone that's going to live in it. However, the deed is transferred as soon as you wholesale it to the new investor because the investor will need ownership to make of payments, repairs, etc.

@MsMiscelaneous 6 жыл бұрын

Chris Goff thank you Chris. I have a follow up question- so on top on assigning my purchase contract i have see to it that the deed is transferred? How is the deed transfer done? Do i need an attorney or is that something the buyer will need to facilitate on their own after i have assigned my purchase contract to them?

@edsoncastellon6436 5 жыл бұрын

gghhhhcćjjjh by :^&99o9ìduduuúúde

@michaelchant4102 5 жыл бұрын

...so after they pay the back payments how to they get the deed of the property to own it? I've wholesale a couple but preforeclosure is my new notch. And just trying to understand that process to my buyer if they want to refinance it on a later datee

@ChrisGoff 5 жыл бұрын

The attorney draws up the new deed and they sign it. We do have a live workshop on this in April. Check it out: www.reisuccessconference.com

@successfullHuman 5 жыл бұрын

Awesome!!!! info

@ChrisGoff 5 жыл бұрын

Thank you so much!

@bball4life1219 6 жыл бұрын

Chris, do you have plans to rerelease your Real Estate Investor Blueprint Course (says sold out on your website)? And if you do, does it go into much more detail about the strategies you've shown on youtube (Options, Seller financing, etc...)?

@ChrisGoff 6 жыл бұрын

My goal is to create a more interactive online training system to replace my home study courses and is something we are working on to release this year. Currently, these courses are only available to my personal coaching students. Sorry!

@princelove__ 5 жыл бұрын

hey Chris I have a question in my area when a house is foreclosed and auctioned off the balance or equity from the sale is then giving back to the home owner, does this affect what you have just taught ?

@ChrisGoff 5 жыл бұрын

Hey there, I've never seen or heard of any home owner receiving their equity back after it has been foreclosed. You can always work the deal where they would receive some cash.

@deangonzalez1787 3 жыл бұрын

I love the way that you explained everything thank you for taking your time out to educate others I just had a quick question I was a little confused at 1:00:26 you talked about double closing can you shed a little bit more light on what exactly that means

@ChrisGoff 3 жыл бұрын

Thank you for the positive comment. Double closing is when you have 2 separate closings where you close with the seller (as the buyer) and then once that closing is completed, you go into a different closing with your new buyer. Essentially, you are buying and selling all in one afternoon. Hope this helps!

@scorpionbradford8518 5 ай бұрын

Awesome information ! It sounded like you were explaining how to do sub2 deals for foreclosures. Do u hv to do sub2 deals in these cases ? I don't wanna mess up w these contracts or with ppl w high anxiety. Foreclosures, is what I have always wanted my niche to be. I will study some more and hopefully, get a good attorney in NYC.

@ChrisGoff 5 ай бұрын

Yes, you will be using seller financing to structure the deal. Sub2 is a seller financing technique. Hope this helps!

@dominiquelittleton3265 5 жыл бұрын

Chris, can you explain how you obtained the 'retailer's profit' at 15% from the numbers you have? I cannot see where you are getting your MAO (Maximum Allowed Offer) from the numbers you provide. If you could help that would be fantastic!

@ChrisGoff 5 жыл бұрын

Hi Dominique, the retailers profit of 15% is a general rule of thumb I use but again, this number can change. This calculation can be easily determined using our All Cash Offer formula in our Software; www.myreipro.com

@Brandon-gw4ed 4 жыл бұрын

Thank you so much for this, really appreciate it. I do have a question, do you run the numbers first then make contact or do you contact first then run the numbers??

@ChrisGoff 4 жыл бұрын

You will need to contact the owner to get some of the numbers first, then run the numbers and make the offer.

@Brandon-gw4ed 4 жыл бұрын

Chris Goff Thank you Chris.

@ChrisGoff 4 жыл бұрын

@@Brandon-gw4ed No problem!

@evalaveells 3 жыл бұрын

Thank you very much love

@ChrisGoff 3 жыл бұрын

You are so welcome

@lifewithtashabae4846 Жыл бұрын

Hello again Chris. When doing a Wholesale Contract do I need to get it notorized before taking it to the title company?

@ChrisGoff Жыл бұрын

No. It might be a good idea for you to watch this: kzfaq.info/get/bejne/eLdhZ9ipvZipqn0.html

@A3cevol 4 жыл бұрын

Hi question how far back should my pre forclosure list be ? Past 60 days? Past 90 days ? Past year?

@ChrisGoff 4 жыл бұрын

I personally only look at future auction dates but if you do go back in time, no more than 12 months. Hope this helps!

@leeorlandoj3282 4 жыл бұрын

So there’s actually a house that just went under pre foreclosure in my neighborhood.. it is not distressed at all, it’s actually a really nice house 3bd 2ba 2800sq ft, a pool, are these nicer properties also good at wholesaling?

@ChrisGoff 4 жыл бұрын

Only the numbers will tell... walk through my Executable Steps in REIPro, and this will help you determine if it's a deal. Good Luck!

@growingupcoastal 6 жыл бұрын

Do you have to use 20% LTV? When I didn't use the 20% I got 52 results but when I used the 20% I only got 4 results. Does that mean I cant wholesale the others? I can only work with the 4 results?

@ChrisGoff 6 жыл бұрын

You can change the LTV but if you go less, this may kill the deal because of the lack of equity. The last thing you want is to take over someone else's problem. Numbers have to make sense.