We always learned new things from you Michael. Keep it up.

Thanks for explaining it so well Michael. As always!

❤❤

enlightening as always, Michael!

How much did the seller make?

Since when is batch 90% accurate on skip tracing😅

You're really an awesome Guy, Michael. Keep it up!

Agreed with this. You really have to buy it if you have the opportunity.

🤘🏼🤘🏼🤘🏼

Really, Michael, you are amazing.

👏🏾👏🏾👏🏾

Hey Micheal, whats your Instagram?

Great Explanantion! You mentioned the tenant costed you $25,000? Curious to know as a beginginer investor, in buying properties with a tenant in place and how you plan to recover those costs. Would'nt that mean your end numbers be negative?

very generous compensation pkg

Would you be flexible with the employee if the want to start with the $2.5k mo then switch to comission only?

A wrap can be a good solution, but it could be an issue if the note gets called due. I know in your case, Michael, you'd refinance and pay off the note. However, this option may not be available for everyoe, especially newer investors.

As someone starting off and the seller asks what company or group are you with what would you say then? Does it make you look like a shark looking for a deal if you tell them you’re a lowball cash buyer? Or how exactly would that play out?

Congratulations!❤🎉🎊👍

Congratulations!!🎉🎉🎉🎉

This is gold.

Agreed! Real estate values will always go up, so take that chance and buy that house if you can.

I couldn't agree with you more!

Hahaha facts😂

Been there done that

I was an acquisition guy and with this scale i would’ve been a very well paid acquisition manager… my former employer is in CG with you… we closed a 7 figure wholesale deal… fee was 7 figures net.

Is your lead manager also cold calling, or only managing inbound calls?

So true

Careful going through mail like that on KZfaq. Not sure the laws in your state but typically that’s very illegal. Love your content would hate to see them go after you for that.

😂😂😂

Haha yep

Wrap!!!

This is a masterclass man, such value 🙌

🎉congratulations! I’ve been following your journey.

Exactly! The Niche community is the best. :)

💯💯💯

We are learning from your videos, Michael! They are worth watching.

Thanks for sharing your knowledge about payment structures, Michael. Keep it up!

This is another new learning for us. Thanks for explaining it so well Michael 😇

This is very detailed. Thank you for sharing

This is both helpful and awesome!

Great Video. I wish you talked about qualification though. Regarding these 100 doors, were they from the fresh list of pre foreclosures? did you analyze 1000 addresses and figure out 100 properties that would fit in your/your client's buy box?, are these 100 doors pre sorted already? are these just about any pre foreclosure opportunities or did you research if some of these are addresses from people who were in pre foreclosure 100x in the past but always caught up on the payments, if the properties had judgments, liens... this would change your KPIs a bit. I am a bit analytical so I only like to work on properties that will work. I don't like to work and end up realizing that the property was no good in the first place. Of course I am not as successful as Michael or Pace but I am just a one person operation.

Reaching out in many ways in super important. I’ve knocked about 20 doors and haven’t had any sellers answer. I’ve gotten 1 response via cold calling and 3 via texting.

I’d trade a few hairs to help a few people :)

👏🏾

Hey Michael I love your content. Always have great info. I was wondering, in using the 5th option of Sub 2 how is it that you can keep the homeowner in their home. I know a little about Sub 2. Would love to know how you unravel this to a seller for them to have that option. How would you say and approach the seller with this. I know it depends on their situation as well. Love to hear your insight with this?

Hi I’m in Palm Springs CA / Coachella Valley if I send you address of vacant property around me would you try calling the owner & I started reaching out to agents listings about to expire & door knocking prefor / auction if I get a lead would you close them

Thank you for your information mr Michael. Where do u hire them? How many are VA and how many local?

Thank you for sharing this so openly

🤙

Appreciate the transparency and break down! I'm sure this will help many looking for different perspectives on this topic 🙏