0:00

in this video i'm going to show you

0:01

exactly how to get your first

0:02

wholesaling real estate deal

0:04

in the next two weeks that's right i

0:06

said it i'm going to give you a

0:08

step-by-step guide on actually how to

0:10

get your first wholesaling deal

0:11

within the next 14 days what's up guys

0:15

zack in here flip with rick and in

0:17

today's video

0:18

that's right i'm showing you how to get

0:20

your first deal so before we get into it

0:21

before i give you my step-by-step guide

0:23

on actually how to get your first

0:24

real estate wholesaling deal again this

0:27

is like a 500

0:28

little mini course in this video so if

0:29

you can please

0:31

smash that like button and subscribe to

0:33

get everything that we have here at flip

0:35

with rex so let's get

0:36

into it so you want to get your first

0:38

real estate wholesaling deal

0:40

this is really exciting my first real

0:41

estate wholesaling deal

0:43

changed my life forever when i was 17

0:46

years old

0:46

made 20 000 my first deal and absolutely

0:49

changed

0:50

everything for me so really when i get

0:52

this guy today actually showing you how

0:53

to do it now in 2021 because i got my

0:56

first deal

0:56

2017 completely different times than we

0:59

are here in 2021 so

1:01

this is like a guy that i used really to

1:02

get my first deal and really if i had to

1:04

stop

1:05

everything i absolutely had no money or

1:07

maybe one to two hundred dollars and i

1:09

actually had to get a real estate

1:10

wholesaling deal

1:11

this is the exact guide i would do to

1:13

get my first deal in two weeks now

1:15

i got my first deal within a month now

1:16

i'm telling you right now if you follow

1:18

this guide

1:19

word for word and you get the same

1:21

amount of leads that i recommend

1:23

i can almost guarantee you with a 99

1:25

chance

1:26

that you will get your first real estate

1:28

wholesaling deal now here's the issue

1:29

most people watching this video

1:31

they're not going to do the 100

1:34

amount of effort it takes to get their

1:36

first deal and that's why they're not

1:37

going to get it now this video might

1:38

have a little less views than the

1:39

average one because

1:41

i'm telling the truth here there's a

1:42

million videos out there on actually how

1:43

to get your first real estate

1:44

wholesaling deal

1:45

and they'll tell you something to get

1:46

you all giddy and hyped up and stuff but

1:49

no one really gonna share with you a

1:50

true action plan and these are the true

1:52

numbers where it's going to take to get

1:53

your first deal

1:54

it's not pretty it's not sexy it's not

1:57

hype

1:57

we don't got the rolexes or the

1:59

lamborghinis behind us this is just me

2:01

behind the camera showing you exactly

2:02

how to get your first real estate

2:03

wholesaling deal

2:04

this is from experience seeing other

2:06

guys that are absolutely

2:08

new in 2021 getting their first deal so

2:10

let's get into it this is nine steps to

2:12

get your first real estate wholesaling

2:13

deal

2:13

so i'm assuming you know absolutely

2:15

nothing about wholesaling real estate

2:17

and your friend who's really crazy

2:19

they're into all these little businesses

2:21

they just

2:22

sent you this video so i'm just assuming

2:24

you don't know anything about real

2:24

estate wholesaling so

2:26

again my name is zach and i started real

2:27

estate wholesaling like 17 made six

2:29

figures in high school

2:30

quickly turned that into a seven-figure

2:32

wholesaling business but

2:33

what is real estate wholesaling so real

2:35

estate hosting really quickly because we

2:36

got little time constraints on this

2:38

video i can't go for two hours here

2:40

real estate wholesaling is basically the

2:41

art of finding a person who's interested

2:44

in selling

2:45

their piece of property their real

2:47

estate for a discount

2:49

usually for cash so remember if you buy

2:51

something for cash versus not getting it

2:53

in financing or getting a loan for it

2:56

usually people will take a little bit of

2:58

a discount just because you're not doing

3:00

the hassle of inspections what we're

3:01

going to do is we're trying to find

3:02

people who have issues with their

3:04

properties and they're wanting to sell

3:06

it for cash and they want to get rid of

3:08

it quickly they're

3:09

willing to give you a discounted price

3:12

on that piece of real estate for

3:14

something speedy and

3:15

very convenient kind of like a pawn shop

3:18

or a used car place once we do that

3:20

what we do is we sell that piece of

3:22

paper we get a paper called a contract

3:24

saying that

3:25

me zach i have a piece of paper here

3:28

that states that i'm gonna buy this

3:29

property for a hundred thousand dollars

3:30

and i sign it they sign it you go to

3:33

www.flippedthework.com

3:34

free wholesaling contract get that

3:36

contract you sell that piece of paper

3:38

not the real estate but that piece of

3:40

paper

3:40

to a person who wants to buy it maybe as

3:42

a flip or a rental

3:44

you for more money so if they're willing

3:46

to pay me a hundred and ten thousand

3:48

dollars

3:49

for this piece of real estate and for

3:51

that paper what i'll do is i'll get an

3:52

assignment of contract from there i'll

3:55

bring that to a title company now this

3:57

seems a little confusing right now but

3:58

trust me we're going to explain all of

4:00

it right now we're going to bring it to

4:01

a title company and that title company

4:03

will

4:03

will facilitate that transaction make it

4:06

all legitimate

4:07

check the title and at the end of the

4:09

closing which is basically

4:10

the end transaction there we will get a

4:13

check for in that example

4:14

ten thousand dollars nice pretty check

4:17

in your name

4:18

use that to buy whatever you want so

4:19

that is real estate wholesaling really

4:21

simply but this is what you're gonna do

4:22

actually get that deal because this is

4:23

the stuff nobody really likes to talk

4:25

about

4:25

so step one we are going to hopefully

4:27

get in our car

4:28

our bike we're gonna put our running

4:30

shoes on whatever you have

4:32

whatever resource or tool you have

4:34

available for you we're gonna do this

4:36

we're gonna get in our car and we're

4:37

gonna drive around all the neighborhoods

4:39

in

4:39

our zip code or zip code or local city

4:42

or county

4:43

and what we're going to do is we're

4:44

going to look for distressed properties

4:46

distressed properties are basically

4:48

houses that need a lot of work so my

4:50

favorite type when i'm actually driving

4:51

and looking for distressed properties

4:53

is grass that's like super high trust me

4:56

when you see it you'll know the grass

4:58

isn't like

4:58

it's a little high it could get a cut

5:00

it's like whoa it's absolutely high

5:02

honestly when we're looking at like high

5:04

grass we're looking for places where

5:06

nobody's living that house the house is

5:08

vacant and we want to go find that

5:10

because when a house is vacant no one's

5:11

probably working on the property

5:13

and it needs a lot of work and we'll be

5:15

driving around maybe the grass is

5:16

getting cut or it's not too bad and

5:18

there's overgrowth everywhere maybe the

5:21

stucco is cracking everywhere the roof's

5:23

caving in

5:23

the windows are shattered usually in an

5:26

hour of driving around town maybe you

5:27

can find

5:28

40 to 30 of these pieces of properties

5:31

what you want to do

5:32

is when you find a piece of property

5:34

that looks really bad it actually looks

5:35

like it needs a lot of work and it's

5:37

just not a beautiful home it's an

5:38

ugly house i want you for now if you

5:40

have no money go to a piece of paper or

5:43

get a voice memo

5:44

on your phone and just either on the

5:46

voice memo say it in the voice memo or

5:48

write it down with a piece of paper

5:50

a pen and paper and literally just to

5:52

123 main street

5:53

to the whole address down and go from

5:55

there and what you want to do

5:56

is within two weeks i want you to get at

5:59

least 500 of these properties

6:01

now it seems like a lot but think about

6:03

if you get 20 to 30 an hour all you

6:06

really got to do is do 20 to 30 hours

6:08

worth of just driving around and you

6:09

will find it

6:10

sometimes you would do 40 hours 50 hours

6:13

but depending on that just get 500

6:15

properties

6:16

the reason why i say 500 properties is

6:18

on average

6:19

to get one real estate wholesaling deal

6:21

it takes 200 of these properties

6:24

so why am i saying 500 and not 200 the

6:26

reason i say that is that's the average

6:27

so maybe i'll take you 500 to get the

6:29

deal

6:29

people take you four and get the deal so

6:32

500 there will be no excuses for you not

6:34

getting a deal doing that

6:35

i'm telling you driving around for that

6:37

many hours is

6:38

really annoying and getting all those

6:40

addresses down but getting that you'll

6:42

literally get a deal i'm telling you

6:43

right now

6:44

you will get a deal if you get 500

6:46

extremely distressed properties you've

6:48

written on a list and you market to them

6:50

you'll definitely get a deal doing that

6:51

i can't

6:52

100 percent guarantee it but 99

6:56

chance doing that i mean we have never

6:58

really gone over 250 to 300 without

7:00

getting a deal

7:01

so my local market so around 500 will

7:03

give you the best chance for actually

7:05

getting a real estate wholesaling deal

7:07

so step one is going in the car driving

7:08

around step two is writing everything

7:10

down now we got the 500 now what we're

7:12

going to do is we're going to go home

7:13

here

7:14

and we're going to go from either 9 a.m

7:15

to 5 p.m within that time frame

7:18

what we're going to do is we're going to

7:19

call our city or our local county's

7:21

code enforcement office now what is the

7:24

code enforcement office really quickly

7:26

those are the people that go around the

7:27

city or county looking at real estate or

7:29

houses or commercial properties

7:31

and they try to find properties that

7:32

have code violations so the code

7:35

is basically saying hey if you have a

7:36

produce of property you can't let it go

7:39

disgusting array it's an eyesort of the

7:41

city if you own a commercial piece of

7:43

real estate the grass has to be cut

7:44

within a distance and it just can't be

7:46

terrible

7:47

and some properties don't do that so

7:49

basically in that list you will find a

7:50

bunch of properties that you were like

7:52

driving for

7:53

that for example it's a violation of the

7:56

code in the city

7:57

to have really extremely high tall grass

7:59

and usually what happens is the neighbor

8:01

complains to the city it's terrible it's

8:02

taking down my property values

8:04

can you go hit this person in the code

8:06

violation so they get fined and they cut

8:08

the grass so these people are actually

8:10

calling the code enforcement they go out

8:12

there they check it they take a picture

8:13

they're like wow this needs a lot of

8:14

work

8:15

and it goes on to the code enforcement

8:17

code compliance list

8:18

so what we want to do is call our code

8:20

local code enforcement office and say

8:22

this specific thing

8:23

hey this is the co-compliance office

8:25

they say yes say hey

8:26

my name is zach i'm actually looking for

8:28

a list of all

8:30

open code violations you have for the

8:32

past month

8:33

past year anything like that and

8:36

basically ask the like well

8:37

what kind of list do you want and just

8:39

say all active violations now if they

8:41

don't give you that they want something

8:42

specific ask for all tall grass

8:44

property structure issues and other

8:46

issues that will keep the code violation

8:48

open you want the open ones because the

8:49

closed ones are the ones that already

8:51

got filed

8:51

you want the open ones those are people

8:53

that really are taking care of their

8:54

property and then

8:55

really quickly i want you to call the

8:57

utility department in your city or

8:59

county

8:59

this is a little harder to do but i

9:01

think i think it's really good to do and

9:03

and call the utility department and ask

9:05

hi i'm actually looking for the

9:07

water shut off list and just ask for

9:09

that what's the water shut off the list

9:11

they might ask

9:11

hey do you have a list of all the water

9:14

accounts

9:15

that you have for the utility department

9:17

that you shut down the water for

9:18

non-payment

9:19

and maybe they'll say oh that's the

9:20

non-payment one here you go those two

9:22

lists are all public information

9:24

you have a right as a taxpayer to get

9:26

that information they might fight you

9:27

say we don't have that list

9:29

they definitely do trust me they all do

9:31

if if the co-enforcement office didn't

9:33

have a code violation list and they

9:34

wouldn't make any money so

9:35

trust me they have the list call fight

9:37

worst case scenario you actually have to

9:39

physically go inside the code

9:40

enforcement

9:41

office physically go in there and ask

9:43

for it they usually will give it

9:45

threaten to file a foia act you'll

9:46

definitely get the list now

9:48

i'm assuming you might get a hundred or

9:50

two hundred from both of those lists so

9:51

that should bring our leads

9:53

up to six seven or eight hundred

9:55

hopefully i

9:56

really if you wanna guarantee almost to

9:58

get a deal 99.9999 percent chance to get

10:01

that deal

10:02

i would recommend you get a thousand

10:04

leads that might take a few months to do

10:06

so stick to the six to seven hundred

10:08

you're really gonna have to put the

10:09

hustle

10:09

put the pedal to the metal and really

10:11

grind it out but you definitely can do

10:13

that

10:13

step four we're basically gonna put all

10:15

that information that we written down

10:17

and all the lists we got

10:18

into an excel list you don't have to pay

10:20

for excel you can use google sheets for

10:22

example

10:22

that's absolutely for free just make a

10:24

google account if you're watching this

10:26

youtube video right now

10:27

you already have a google account so

10:28

it's already out there for you

10:30

absolutely for free

10:31

and what i want you to do is organize

10:32

all the information put the property

10:34

address and all the information for that

10:35

property address once we got

10:37

a list 600 plus of it what i want you to

10:40

do is go to your local

10:41

property assessor site the property

10:43

appraiser site for the county

10:45

sometimes you have to do it for the city

10:47

and search those properties one by one i

10:49

know it sucks uh what i recommend maybe

10:51

if you're trying to get through it and

10:52

it's kind of

10:53

daunting or really annoying or manual

10:55

task put on a

10:56

flip with rig video and listen to it in

10:58

the background by doing it get educated

11:00

while doing those little manual tasks

11:02

should make the time go a little faster

11:03

if you really don't get entertained

11:05

don't listen to me i'm not the most

11:06

entertaining person in the world but

11:08

put some music on or something like that

11:09

and you can get it done so just go the

11:11

property appraiser

11:12

search the property it should pull up

11:13

the owner what i want you to just put

11:15

the owner information in the first name

11:17

last name there and we got the

11:19

information we need

11:20

step five when we got all the owner

11:22

information and we got the property

11:23

information

11:24

what i want you to do is we're gonna

11:26

need these phone numbers to go market to

11:27

them so i recommend

11:29

if you absolutely have no money at all

11:30

this is the little secret that i did

11:32

i went to true peoplesearch.com

11:40

r c t-r-u-e-p-e-o-p-l-e-s-e-a-r-c-h dot

11:42

com just so people heard me correctly

11:44

true peoplesearch.com and absolutely go

11:47

there you get

11:48

free phone numbers all you gotta do is

11:50

put the property address or maybe put

11:52

the first name last name

11:53

and the city of the property address

11:54

you'll probably get one to two phone

11:56

numbers

11:57

put that in the excel list and then

11:58

you'll have all the data it's gonna take

12:00

you a while

12:01

get some flip-flop videos in the

12:02

background while you're watching that

12:03

and keep getting it done

12:05

it's a little bit of a hustle it's

12:06

definitely a grind it's something you

12:08

can absolutely do you don't need to do

12:09

it from a nine-to-five job this is

12:11

something you can do from 5 p.m

12:13

all the way to 2 a.m then go to bed wake

12:15

up for your 9 to 5 and go there you'll

12:16

be in school

12:17

college anything you can absolutely do

12:19

this method

12:20

now that we got their phone numbers this

12:22

is where the fun starts happening this

12:23

is when we start putting the pedal to

12:25

the metal so what i want you to do is

12:26

use google voice or mojo dialer if you

12:28

have money use the mojo dialer

12:30

trust me call three times as fast and

12:32

then from there or

12:33

google voice literally call all those

12:36

leads and what i want you to do when

12:37

you're

12:38

calling those leads on that excel

12:39

probably have to copy and paste it and

12:41

call it from your phone but not really

12:42

the biggest deal in the world

12:43

you're going to say this specific thing

12:46

hey is this mary

12:47

you're going to say yes this is mary

12:49

great this is zach

12:50

i was driving around the area the other

12:53

day

12:54

and i was actually looking at it and i

12:56

was just pretty curious about something

12:58

are you looking to sell that property at

13:00

all then shut up

13:01

let them talk if they say yes have a

13:04

conversation

13:04

they say no take them off the list and

13:06

keep going the new one so

13:08

if they say yes we're gonna bring that

13:09

conversation into

13:11

either four distinct categories to

13:13

qualify that seller we're either

13:15

we're gonna try to bring them and try to

13:17

find out their motivation

13:18

why they're interested in selling the

13:19

property we're going to ask them the

13:21

condition of the property

13:23

then we're going to ask them when

13:24

they're looking to sell the property the

13:26

time frame

13:27

and lastly we're going to ask them what

13:29

price they're needing to sell the

13:30

property for

13:31

once we get those four things what we're

13:33

going to do next is set an appointment

13:35

to actually meet them at the property

13:37

again if they have the right motivations

13:38

we should definitely go meet them at the

13:39

property

13:40

and then before we go meet them we set

13:42

the appointment maybe for tomorrow the

13:43

next day to go meet the property go buy

13:45

it

13:45

we're going to go to www

13:49

free wholesaling contract download the

13:51

free wholesaling contract

13:53

should be pretty easy to fill out from

13:54

there then what we're gonna do is we'll

13:56

find the arv

13:57

and we're gonna find the repairs and

13:58

then we're just gonna do the max

13:59

allowable offer we're gonna figure out

14:01

what's the most i can

14:02

offer them for this property what we're

14:03

going to do is we're just going to

14:05

find out what the after repair value is

14:07

usually it's the zillow

14:09

and then you got to do some comparable

14:10

sales around there find what the

14:11

comparable cells are in the area and

14:13

find out what the thing is probably

14:14

worth after the repairs

14:16

we're going to minus off how much the

14:17

repair is going to cost and we're going

14:18

to multiply that by 70

14:20

again i recommend you just try to get

14:21

the property locked up of

14:23

under contract for the least amount

14:25

possible but if you have to you can do

14:26

that little mao

14:27

max allowable offer formula we're going

14:29

to do is we're going to go meet them at

14:31

the property with the contract

14:32

from there we're going to talk to them

14:34

we're going to negotiate we're actually

14:36

going to get the deal signed we're going

14:37

to get the property

14:38

we're going to get the seller to sign

14:40

i'm going to sign and we're going to try

14:41

to get it for the least amount

14:42

price possible and then from there we're

14:45

gonna get the contract signed

14:46

boom we got our first contract done

14:48

that's so exciting and

14:49

next we gotta sell the deal so let's say

14:51

we get it for a hundred and fifty

14:52

thousand dollars is the price and that's

14:54

actually a pretty good deal we got next

14:55

we're gonna go to facebook we're gonna

14:57

go to facebook

14:58

cash buyers groups for that specific

15:00

state

15:01

area county and we're gonna find a cash

15:03

buyer from there

15:04

again i have a million videos here on

15:06

cash buyers little cash buyers playlist

15:08

so you guys can go watch

15:09

but i'm telling you you can find the

15:10

cash buyers find their emails what we're

15:12

going to do is we're going to contact

15:13

them we're going to say hey we got a

15:14

smoking deal here

15:16

in arizona or whatever state or county

15:19

we're in

15:19

we're going to find someone who's

15:20

looking to flip the property absolutely

15:22

for free from facebook or the groups

15:24

we can even maybe post it on the

15:25

facebook marketplace if the seller

15:27

allows it we're going to direct message

15:28

people who are looking to flip

15:30

properties in the area through facebook

15:31

and we're going to do is we're going to

15:32

download an assignment of contract

15:34

online we're going to sell that contract

15:36

we're actually going to assign the

15:37

contract for a specific price

15:40

so about a if i had it for 150 000 and

15:42

they agree to buy it for 165 000

15:45

that means in that assignment i'm going

15:46

to make 15 000 in profit

15:49

what we're going to do have them sign

15:50

the assignment contract we're going to

15:52

sign that contract

15:53

and then we're going to bring it to our

15:54

local title company that is vetted that

15:56

accepts wholesalers

15:57

and then we're going to wait for the

15:59

closing and we're going to check for 15

16:01

000 so that is absolutely how to get

16:03

your first real estate wholesaling deal

16:05

in 14 days if you got any value out of

16:07

this video at all

16:08

i really appreciate you guys giving me

16:09

the support here at flip with rick what

16:10

i need to do is smash that like button

16:12

and subscribe i truly appreciate it have

16:15

a blessed day

0:00

what is up guys zack in here and in

0:02

today's video

0:04

i'm going to go over actually how to

0:05

fill out a purchase and sale agreement

0:08

yes those contracts for real estate

0:10

wholesaling so we know what to do when

0:12

we're trying to put a property under

0:13

contract

0:14

and also i'm gonna go over exactly how

0:17

to fill out the assignment of contracts

0:18

too

0:19

but before i get into it you already

0:21

know you need to smash that like button

0:23

and subscribe to get more free value

0:25

from me remember guys i'm trying to help

0:27

you

0:28

make your first hundred thousand dollars

0:30

in real estate wholesaling

0:31

absolutely for free so i'm super excited

0:33

for this video

0:34

heavily requested i actually share how i

0:37

fill out my real estate wholesaling

0:39

contracts because

0:40

i give out thousands and thousands of

0:42

copies of my free wholesaling contract

0:45

and

0:45

i feel kind of bad i don't think i went

0:47

over actually how to fill these things

0:48

out so

0:49

in today's video we're gonna get into it

0:51

but remember guys i'm not a lawyer

0:53

financial advisor cpa i'm none of those

0:56

things i'm not a realtor

0:58

i'm just a real estate wholesaler so

1:00

take it with a grain of salt what i say

1:02

everything here is for educational or

1:04

informational purposes

1:05

and remember i'm not a lawyer here so

1:08

this is just how

1:09

me as a real estate wholesaler fills out

1:11

my contracts

1:12

so really quickly you might ask yourself

1:14

zack how do i get your free contract how

1:16

do i do this so

1:17

if you are in most states for real

1:19

estate wholesaling

1:21

this contract will be good for you now

1:23

if you're in a state like new york

1:25

where you need an attorney to write up

1:27

the contract for you or let's say in

1:28

texas

1:29

technically you might be able to get

1:31

away with this contract in texas but in

1:32

texas

1:33

i'd recommend to use the trec contract

1:36

that's basically the standard one in

1:37

there but

1:38

for most states this is the right one so

1:40

how do i get the free contract

1:42

what you need to do is go over to

1:45

www.flipathrick.com

1:47

contract let's just go to flipathric.com

1:50

uh we're on the website right here and

1:51

what we're going to go here is we're

1:52

going to go to free content now we're in

1:54

free content here and we're just gonna

1:55

go here too we got all this free stuff

1:57

here but

1:58

right now we're just gonna right now

1:59

we're just gonna go into wholesaling

2:01

contract

2:02

here is we're gonna we're gonna put our

2:04

email in so

2:05

so we can get the contract sent to us

2:07

and then boom the contract is going to

2:09

be emailed to us

2:10

remember guys i send out thousands and

2:12

thousands of these contracts out

2:14

so google might put me on the spam

2:16

category because i send so many emails

2:18

out of free contracts to people so

2:20

check your spam folder and what we're

2:21

going to do here is we're going to go to

2:22

gmail really quick

2:24

we're right here we got the contract and

2:26

it's right here so we're going to click

2:27

download right now and we're going to

2:28

go download this contract this is the

2:30

thick of it this is the weed of things

2:32

now we got the contract this is the fun

2:34

this is the exciting part

2:36

here so so now we got this contract here

2:38

now remember it does say this a lot of

2:40

people do get concerned when they get

2:42

this free contract and they see this is

2:43

it does say this document is for example

2:45

purposes only always seek the advice of

2:47

a real estate attorney in the state

2:48

where you're performing transactions

2:50

prior to you

2:50

utilizing any part of the wording from

2:52

this example document so

2:54

technically legally i have to make this

2:56

as an as

2:57

an example document you need to edit

3:00

this yourself for your state's rules and

3:02

regulations

3:03

i do not want to be sued so do whatever

3:05

you want

3:06

this is going to be an entertainment

3:08

example so what i'm going to do is just

3:11

do that and i'm probably going to meet a

3:13

seller right now and use this contract

3:15

so

3:15

take it as you will that's what i'm

3:17

doing so this is

3:19

this is the actual contract i use so

3:21

this is the purchase and sale agreement

3:22

and then below this right here

3:25

is the assignment of contract what we

3:27

need to do is keep these

3:29

separate from each other so the purchase

3:32

and sale agreement is for the seller and

3:33

the assignment of contract is actually

3:35

for

3:35

the cash buyer the whole entire

3:37

wholesaling process

3:39

is i find someone who's motivated to

3:40

sell their property they want to sell it

3:42

for cash

3:43

now they want to probably give up some

3:45

equity in exchange for an easy cash sale

3:47

they have a lot of work that needs to be

3:48

done on the property they don't really

3:50

want to deal with a realtor

3:52

and they just want to get rid of this

3:53

thing and they just want to get rid of

3:55

the property so

3:56

what we're going to do is we're going to

3:57

meet them at their house we're for doing

3:59

virtual wholesaling we'll actually do

4:00

this over the phone

4:01

now if you do this in person before we

4:04

actually get into this

4:05

what i'd actually like to do is do a

4:06

pre-filled out part of the contract

4:08

before actually me get the price in

4:10

there and sign the contract easy as that

4:12

if we're doing something virtually it's

4:13

all going to be filled out we'll use dot

4:15

loop or docusign or something like that

4:16

but

4:17

we have the motivated seller they're

4:19

ready to sell we meet them at the

4:20

property

4:21

we do our clothes let's say a hundred

4:23

thousand dollars and

4:24

yes they said yes to a hundred thousand

4:26

dollars now you got your contract in

4:28

hand

4:29

and now you're sweating your hands are

4:30

fidgeting you're like this is like this

4:32

is just like me and my first contract

4:34

i'm like

4:34

oh no i gotta fill this out what do i do

4:37

so

4:38

let's get into it let's actually fill

4:39

this out so this is the purchase and

4:41

sale agreement

4:42

this is what we're gonna do for me to

4:44

put in a legally binding contract with a

4:46

seller

4:47

that i agree to buy this property for a

4:49

hundred thousand dollars now remember

4:50

we're gonna sell this contract to

4:51

someone else

4:52

and also i'm gonna give you some tips

4:53

here on how you're not gonna get sued

4:55

like oh

4:56

you signed that you need it now you owe

4:57

me a hundred thousand dollars it doesn't

4:59

work like that you can get out of it

5:00

with

5:01

certain inspection periods and stuff so

5:02

uh we're just gonna write this down so

5:04

that we're gonna say this agreement is

5:05

made on the

5:09

we're gonna do the 22nd of april

5:14

and guys i am

5:18

and i'm very slow when like pre-filling

5:20

out my contracts because these are

5:22

legally binding documents

5:24

so i'm very very careful when it comes

5:26

to actually getting the stuff done so

5:28

let's make this a little bigger here

5:33

here we go between the sellers so let's

5:35

just put the seller here

5:39

sally sue now remember if sally sue is

5:43

married

5:43

especially in the state of florida i'm

5:44

going to put something like sally

5:47

and john su sally and john tzu

5:50

if they're married i can do that and the

5:53

buyers is going to be

5:54

either if you don't have an llc or

5:56

something you can just put

5:58

zachary ginn or we can do zachary again

6:01

llc

6:02

if that is your llc and i would be the

6:04

buyer in this situation

6:06

now what i like to do is i actually like

6:08

to highlight these if i'm doing if i'm

6:09

pre-filling them out

6:10

so it's a little bit easier for me and

6:14

one two three main avenue

6:18

and now if we're actually doing this in

6:20

person we're just actually going to

6:21

write this

6:22

in if we're not going to pre-fill it but

6:24

this stuff i usually will get pre-filled

6:26

so we're going to do here is do port st

6:28

lucie florida

6:34

three four

6:38

and in the legal description this the

6:39

legal description will be found

6:41

on the properties on the property

6:43

appraiser website

6:44

it will be like one two four plot land

6:47

15

6:48

like 15 lot 6 or something like that it

6:50

just it's a legal description you get it

6:52

from the local tax

6:53

from the actual d to the property which

6:55

you can look on the public record there

6:56

so

6:57

we'll put that blank but it's usually

6:58

something like 76

7:01

lot three

7:07

thomasville village it's something like

7:10

that like it just it's very

7:12

it's the legal description on the plot

7:14

of land there so what we're gonna do

7:15

here is this where we put our deposit

7:17

now

7:18

we average about a one thousand dollar

7:20

deposit for our wholesaling real estate

7:22

deals

7:22

uh but really if you're a new wholesaler

7:24

we're gonna make this a lot smaller

7:26

at minimum you should do at least a

7:27

hundred bucks so since we're gonna do a

7:29

hundred thousand

7:30

dollars we're just gonna do

7:33

we're gonna do that and then we're gonna

7:35

put the total price which is a hundred

7:37

thousand dollars

7:41

now next is all the legal mumbo jungle

7:43

mumbo jumbo on there so let's go over it

7:45

really quick the earnest money to be

7:47

deposited with a licensed title company

7:48

or attorney within 48 hours of

7:50

acceptance

7:50

and ratification of offer two here's the

7:54

proration impound security deposit loan

7:56

interest property taxes insurance and

7:57

rent shall be prorated as the date of

7:59

the closing

8:00

all security deposits shall be

8:01

transferred to a buyer closing all

8:03

impound accounts for taxes insurance are

8:05

included

8:05

in the purchase price and shall be

8:07

transferred to buyer at closing any

8:09

shortage of these accounts shall be

8:10

charged to seller at closing

8:12

basically stating that the seller is

8:13

going to pay their fair share of their

8:15

taxes

8:16

uh with a proaction on there next here

8:18

is the closing date

8:19

so when are we doing the closing date

8:20

now a lot of contracts have it all weird

8:23

and stuff

8:24

i always like to do on or before that's

8:26

my personal favorite so really

8:28

some contracts are like i we agree to

8:30

close this at

8:31

on april 14th or may 1st now

8:34

what if they want to do it earlier than

8:37

that

8:38

then it's kind of weird so what i do is

8:39

on or before may 1st

8:41

now that may that gives me a lot more

8:42

leeway to close it earlier if i can

8:45

now if i have to do it later i might

8:46

have to do an addendum or something but

8:48

really what i do here is may 1st

8:59

2021 and we're going to highlight that

9:03

section so

9:03

i know what i changed

9:08

closing will be held at

9:11

flip with rick

9:14

title company

9:19

i'm going to highlight that one

9:22

now you could pre-do this one but the

9:24

may 1st 2021 i wait till you're actually

9:27

on the appointment or

9:29

or you're actually negotiated on the

9:30

virtual wholesaling appointment then

9:31

damage the property

9:33

seller shall maintain property as

9:34

current condition

9:39

if buyer defaults under the if buyer

9:41

defaults under this contract

9:42

all monies deposited shall be retained

9:44

by seller

9:45

as full liquidated damages if the seller

9:48

defaults buyer may pursue

9:50

all remedies allowed by law and seller

9:52

to agree to response for all the costs

9:53

incurred

9:54

by buyer's result of the seller's

9:55

default this helps us in a lot of ways

9:58

now if i default on the contract which

10:00

means after the actual inspection period

10:02

and i keep going on it

10:04

they have the right to my deposit now if

10:06

i do if i have an inspection

10:07

and i say i don't like it i'm not

10:09

allowed to keep my hundred bucks

10:10

and but this part it's a little bit of

10:13

leeway i give to the seller

10:15

but the better leeway we get as buyers

10:17

here

10:18

is if the seller refuses to close or

10:21

they want a better price

10:22

and we just can't do that we have the

10:24

legal right to actually

10:26

keep the property might have to do an

10:28

affidavit i don't know how your state

10:29

does it so be very careful in there

10:33

and we can actually protect ourselves

10:35

successors and assigns this term and

10:37

conditions of the contract shall bind

10:38

all successors heirs

10:40

administrators trustees executors and

10:42

assignees of the respected parties

10:44

so let's say hopefully this never

10:46

happens

10:47

to you or any of your sellers but let's

10:49

say we have a seller

10:51

they're 42 years old and they

10:52

unfortunately pass away in a car crash

10:55

and it was an amazing price and then the

10:57

sun comes through and says

10:59

you know what you try to screw my dad

11:02

and

11:03

this property should sell the realtor

11:04

for a hundred and five thousand dollars

11:07

and they will refuse and they say we're

11:09

not closing with you

11:10

well they signed a contract and they

11:12

agree that all the airs the property

11:14

has to go with us so that protects us in

11:16

that situation

11:18

this is why i prefer to use my free

11:20

wholesaling contract because it does

11:21

protect on a lot of

11:23

crazy stuff so it's very very safe

11:26

number seven here is access seller

11:28

agrees that buyers

11:29

may advertise property and have access

11:32

during reasonable hours to show property

11:35

to others

11:36

now this is an interesting one i see no

11:38

contracts do this but i put that in

11:40

there

11:40

so i'm as protected as possible

11:43

especially when i'm wholesaling these

11:44

real estate deals

11:46

not a lot of gurus do it i have a

11:47

feeling after i release this video today

11:49

that these gurus are going to start

11:50

putting it in their free wholesaling

11:52

contracts but remember

11:54

this is what we do this gives me the

11:57

moral right more or less to advertise

11:59

the property i could technically do it

12:01

without them

12:01

but they agree that i'm allowed to do

12:03

that so i can throw this thing on a for

12:05

sale by owner on zillow

12:06

or or maybe a facebook marketplace and i

12:09

legally have a right to do that

12:11

so just in case they come back and they

12:13

use that as a reason why they want to

12:14

get out of the contract now i'm always

12:15

going to ask them for their permission

12:17

but it's just another thing that helps

12:18

me out here number eight the most

12:20

important part so we can make our money

12:21

as wholesalers

12:22

is this contract is assignable by the

12:24

buyer

12:26

the seven words here help us sell the

12:28

contract amazing

12:29

number nine here's the inspection period

12:31

so this is basically the period where

12:33

we get our out clause more or less this

12:36

is when we can actually get out of the

12:37

contract

12:38

if we feel like it within that certain

12:40

date and after that

12:41

we're basically locked in after the

12:43

inspection period so i like my

12:45

inspection periods 14 to 30 days

12:47

so let's do 30 days on this one and

12:50

we're gonna highlight that one

12:53

and that gives me about 30 days if i

12:55

want to get my hundred bucks back

12:56

basically and find a buyer

12:58

uh so remember guys always come in there

13:01

with the intention to buy it

13:02

and you should but if you have to get

13:04

out during something crazy

13:06

let's say a hurricane happens day 15 and

13:08

you just got to get out of the contract

13:09

you can get out of it from there

13:11

additional terms and conditions you can

13:12

put in there

13:13

sometimes you might put something if

13:15

there's a tenant in place and you gotta

13:17

get the tenant out

13:18

buyer agrees to close once tenant is

13:19

vacated from the property

13:21

and then the underside of red above the

13:23

information under the undersigned have

13:25

read the above information understands

13:26

it and verify that's correct

13:28

date seller they'll put that so sally

13:31

sue and then john sue will put it on

13:32

there and then buyers will be me

13:34

and we'll put the date there now if it's

13:36

an llc i'll i'll literally sign it

13:38

zachary gin

13:39

and on the bottom i'll say for zachary

13:41

again llc that's just the way i do it

13:43

that's the way i like it i put my middle

13:45

initial in there and then that's it

13:47

now once we get under contract we start

13:48

selling it to our actual cash buyers

13:51

next year's we actually want to sell

13:52

this contract i mean unless we actually

13:54

want to buy it ourselves so

13:55

what are we going to do when we actually

13:56

want to sell this contract we're

13:58

actually going to assign this contract

14:00

to the cash buyer for money that's what

14:03

we want to do guys and

14:05

the purchase and sale agreement is very

14:06

important but if you get the assignment

14:08

of contract wrong or

14:09

the wrong guru gives you your assignment

14:11

of contract the cash buyer

14:13

might be able to screw you out of the

14:14

deal and you have no legal ramifications

14:16

to protect yourself

14:18

or sued them to get your money back i've

14:19

seen too many guys lose tens of

14:21

thousands of dollars

14:22

due to greedy cash buyers because they

14:24

use their local gurus assignment of

14:26

contract

14:26

who does not do seven figures in profit

14:29

every single year and i play no games

14:31

when it comes to my cash buyers

14:32

and i have the most protected contracts

14:34

possible so this is the contract

14:37

that you have to pay five to seven

14:40

thousand dollars in a wholesaling

14:41

mastermind or a wholesaling course

14:43

to get this super protected stuff uh and

14:46

i'm just giving it to you for free

14:47

because

14:48

screw these gurus right like i'm trying

14:50

i'm trying to put them all out of

14:51

business here so

14:52

this is the free stuff that you guys get

14:54

remember this is seven thousand dollars

14:56

of value

14:56

i'm given for free here so this is the

14:58

assignment of contract we're basically

15:00

selling this our

15:01

original purchase and sale agreement

15:03

here we're actually selling that

15:04

to the cash buyers so really quickly

15:06

this is very very simple

15:08

now remember guys we are the assigner

15:11

and

15:12

the cash buyer is the assignee i'm going

15:14

to say that one more time that we are

15:15

the assigner

15:17

we're giving this contract and the

15:18

assignee is the person who's getting the

15:20

contract

15:21

in exchange for money a signer is us

15:24

assignee is the cash buyer make sure we

15:26

get that right the agreement

15:27

is now

15:30

it's not going to be me it's going to be

15:32

my llc i'll do this so zachary again llc

15:35

whatever llc you have an assigner which

15:38

is

15:50

and let's just say psl home builders

15:52

incorporated it's the cash buyer here i

15:54

don't even know if that's a real company

15:55

uh the assigner and assignee mentioned

15:57

together referred to us parties the

15:58

assigners entered an agreement to

16:00

purchase real estate

16:01

with we're gonna put

16:04

sally and john sue

16:12

do that right

16:20

then we'll put the legal description

16:21

there so i'll just copy it from here

16:32

terms and agreements a signer assigns

16:34

all rights he acquired under the

16:35

contract to assignee

16:37

assigning accepts all terms of

16:38

conditions to contract assignee has

16:40

reviewed the contract which is attached

16:41

here to is exhibit a assignee

16:45

fully understands the terms and

16:46

conditions in the contract and

16:48

represents to a signer that is willing

16:50

and able

16:51

to close the underlying transaction

16:52

number three is a signer will deliver to

16:54

a signer

16:55

a cashier's check money or wire transfer

16:57

as a deposit in the amount of

16:59

i like to do at least three grand so

17:00

we'll do three grand in this situation

17:08

as an initial deposit so if they try to

17:11

screw us out of the deal

17:12

we keep three grand and we find another

17:14

cash buyer that's the way we want to do

17:16

this

17:16

number four here is the assigner will

17:18

pay the assigner a total assignment fee

17:19

of

17:20

so whatever it is so let's say they

17:22

agree to buy this for 120 000

17:25

and we put on a contract for 100 that

17:26

means we get 20 000

17:28

and then the seller gets 100 000 so

17:30

we'll put twenty thousand dollars

17:32

it's about the margins that's a pretty

17:34

healthy margin right there that's a uh

17:36

pretty good payday for us that's what we

17:37

love to do and at five year at closing

17:40

the signer will receive

17:41

twenty thousand dollars of the

17:42

assignment fee now why do i put this on

17:45

here that seems

17:46

kind of confusing now not everyone does

17:48

this but i do this sometimes

17:49

find a cashbot i'll actually find

17:51

another wholesaler who will sell this

17:53

for 130

17:54

000 that's pretty good right that means

17:56

i'll get my 20 and they get 10. so let's

17:58

say the total assignment fee is 30

18:00

000. i'll probably add an extra line

18:02

here that the assigner gets 20 000 and

18:04

then i'll put

18:05

av dude llc gets ten thousand dollars

18:08

you just gotta put an extra line on

18:09

there if you can but this just shows

18:11

that i get that amount of the assignment

18:13

fee

18:13

if you're jving this thing makes it a

18:15

lot easier that's why i put it in there

18:17

and you do enough wholesaling this

18:19

should be a complete assignment contract

18:21

for you you will

18:22

i just will make sure the cash buyer

18:23

understands the title company

18:25

understands

18:25

and i understand so there's no

18:27

discrepancy there's no wishy-washy like

18:29

i didn't know about xyz

18:31

i do a little worksheet inside the

18:33

contract it makes it so much easier

18:35

this is how i do it as a professional

18:37

wholesaler doing this

18:38

so the purchase price in the underlying

18:40

transaction is a hundred

18:42

thousand dollars right now now our

18:45

assignment fee is twenty thousand

18:47

dollars

18:48

now their deposit is going to be three

18:50

thousand dollars

18:52

that they give to us so that means

18:55

the cash buyer at closing is going to

18:57

owe around 117

18:59

000 now they actually owe the 120 but

19:02

they gave me three thousand dollars

19:04

so they gave me a three thousand dollar

19:06

deposit hello 117

19:08

000 and i'll get a check for twenty

19:10

thousand dollars and then the seller get

19:11

their hundred thousand dollars

19:13

so it's all perfect now remember this

19:14

deposit it'll be part of my assignment

19:16

fee there which is awesome

19:18

so that is how you actually do a little

19:19

worksheet there the signing will close

19:21

the underlying transaction on or before

19:23

if i'm doing may 1st i'm going to put

19:25

april 30th just so i'm protected

19:29

just in case they don't just in case

19:31

they don't close i have at least some

19:33

leeway on there

19:34

sometimes i'll put the 27th sometimes

19:37

i'll put the 23rd 24th on there just so

19:40

i have a week in between if a worst case

19:42

scenario happens

19:43

uh but that's what you can put on there

19:44

and then the assignee fails to close by

19:46

the date indicated assigning will

19:48

forfeit their deposit

19:49

that means they agree that we get our

19:51

deposit if there's ever a legal battle

19:53

on there

19:54

it basically the judge will say read

19:56

line eight did you agree did you sign

19:58

yes i did give zach to three thousand

20:00

dollars that's how that's how it

20:02

basically will work because you had that

20:03

line protect you

20:04

number nine here if the assignee

20:05

attempts to communicate to the sellers

20:07

in any form

20:08

it will immediately terminate this

20:10

agreement and forfeit their deposit for

20:12

liquidated damages

20:13

so if the seller tr so if the cash buyer

20:15

tries to go behind my back and steal

20:16

this deal from me

20:18

guess what contracts olm void i get my

20:20

three grand and i bring it to another

20:21

cash buyer

20:22

because cash buyers can ruin a deal like

20:24

that number 10 here is a signer must

20:26

deliver clear title at closing

20:27

agrees that my deal has to have clear

20:29

title if it doesn't they'll get their

20:30

deposit back

20:31

just good business 11 here the assignee

20:34

will not contact the seller identified

20:36

in the contract assigning agrees to

20:37

communicate solely with

20:39

and through a signer again just making

20:42

sure

20:42

number 12 a at any time before closing

20:44

renegotiate the underlying price

20:46

in the contract with the original seller

20:48

a signer is a

20:50

a signer is entitled to an entire

20:52

difference between the contract purchase

20:54

price

20:55

and the assignment the difference if any

20:57

will be paid as an additional assignment

20:58

fee at closing

21:00

a signers negotiation of the purchase

21:02

price will not affect the total due at

21:03

closing

21:04

due at closing by assignee so that

21:07

basically states if i

21:08

actually renegotiate for 80 my

21:10

assignment turns into 40 and they don't

21:12

get a better purchase price

21:14

so let's say i agree for the 20 000

21:16

assignment and i negotiate 80.

21:18

technically they would buy it for 100

21:19

and i still get my 20 grand if you did

21:21

not put that in there

21:22

so you want to be very careful if i

21:24

renegotiated 80 then i get 40 000

21:26

so i get the money if i renegotiate on

21:28

there 13 here the property sold as is

21:31

basically stating

21:32

basically stating the cash buyer

21:33

understands that whatever happens to

21:35

property it's their problem at it

21:37

it's sold as is 14 here these

21:40

this agreement is null and void of the

21:41

deposit of 3 dollars

21:44

is not received on or before

21:51

april 23rd

21:58

and we're just going to highlight that

22:08

and boom there we are then the assigner

22:10

i'll sign it the

22:11

cash buyer assign you'll sign that we'll

22:13

put the date time and print

22:14

and what we're gonna do is have the cash

22:16

buyer give our three thousand dollars

22:17

give the three thousand dollars to us

22:19

and then boom

22:20

we actually sold this thing made 20

22:21

grand so that's it guys

22:23

that is my purchase and sale agreement

22:25

and assignment of contract this is how

22:27

you fill the stuff out

22:28

this is the stuff that gurus want to

22:29

charge you so much money for and i just

22:31

gave you

22:32

thousands of dollars worth of contracts

22:34

absolutely for free

22:35

attorneys i paid them just get the stuff

22:37

done it's amazing guys so i really

22:39

appreciate it i've used these contracts

22:41

to make

22:41

millions of dollars in profit in real

22:43

estate wholesaling this stuff's legit

22:45

i really appreciate it guys if you have

22:47

any questions at all comment them below

22:49

and i love to answer it i answer every

22:50

comment personally

22:51

remember if you got any value of this

22:53

please smash that like button

22:55

and subscribe thank you guys so much and

22:57

have a blessed day