Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J.
Speaker 2: Trump's leadership.
Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
Speaker 1: Under President Trump, attempted illegal border crossings are at the
Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
Speaker 1: aliens have been arrested. If you are here illegally, your
Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,
Speaker 1: and deported.
Speaker 2: You will never return.
Speaker 1: But if you register using our CBP home app and
Speaker 1: leave now, you could be allowed to return legally.
Speaker 2: Do what's right. Leave now.
Speaker 1: Under President Trump, America's laws, border and families will.
Speaker 3: Be protected sponsored by the United States Department of Homeland Security.
Speaker 4: So once you find properties that you're interested in, you
Speaker 4: have resources to skip trace the individual's information pass just
Speaker 4: the address, so I use people finders and been verified
Speaker 4: for individual information as far as phone numbers, and.
Speaker 5: Emails, and then you can use.
Speaker 4: A skip tracer like RII Rail for more than just
Speaker 4: one address at a time. Also here in Harris County
Speaker 4: we have the Appraisal District which say you may not
Speaker 4: be able to tell the owner's name, but you have
Speaker 4: an address. You can type the address into the search
Speaker 4: bar and it allows you to find the owner they're mailing.
Speaker 5: Address for the property if they don't live there anymore.
Speaker 4: Okay, So everybody says that I have what's called the
Speaker 4: Green effect, which is being able to kind of resonate
Speaker 4: within individuals on homeowners or sellers, being able to talk
Speaker 4: to them and kind of put myself in their shoes,
Speaker 4: being able to negotiate and get them to sell to me.
Speaker 4: Because a lot of times, even though you may think
Speaker 4: that you're the first person that comes across this property,
Speaker 4: and a lot of times that you're not. But being
Speaker 4: able to set yourself above that bar and get them
Speaker 4: to agree to sell to you is definitely what sets
Speaker 4: me apart from everybody else. So find your niche and
Speaker 4: do what others aren't willing to do.
Speaker 5: Okay, So after you.
Speaker 4: Find your lead and you have talked to the seller
Speaker 4: and they agreed to sell to you, you want to
Speaker 4: send them your contract. Now, when I first started out,
Speaker 4: I did start using a online wholesale contract that I
Speaker 4: got from a local wholesaler.
Speaker 5: I have gotten away from.
Speaker 4: That because number one, I did not feel comfortable with
Speaker 4: the verbage because I did not get this contract on
Speaker 4: my own. So I will say as a disclaimer, consultant, attorney,
Speaker 4: or a whole experienced wholesaler before using a contract that
Speaker 4: you find online. So now we use the Texas real
Speaker 4: Estate contract.
Speaker 5: Now. Of course, with this.
Speaker 4: Document, it does have a lot of options in it
Speaker 4: that may not apply to me, but it's a lot
Speaker 4: easier because you know it's a universal legal form that's
Speaker 4: used here in Texas.
Speaker 5: So even if we don't use all the boxes, I am.
Speaker 4: Familiar with the form and I can go through each
Speaker 4: section and explain to the seller if it applies to
Speaker 4: us or not.
Speaker 5: So a lot of times it's just.
Speaker 4: Going to be who you're selling, who you're purchasing the
Speaker 4: property from, your closing date, how much.
Speaker 5: You're buying the property for in their signatures. That's it.
Speaker 4: Depending on who you're selling to, you can use DOCU
Speaker 4: signed to send them the contracts. A lot of my
Speaker 4: clients tend to be older, so I have to print
Speaker 4: out the forms for them and take it to them
Speaker 4: directly for them to sign.
Speaker 5: So this is a very important line.
Speaker 4: Even starting out, you want to build a real estate team,
Speaker 4: especially when you're doing probates or pre foreclosures. You want
Speaker 4: to have a real estate attorney because a lot of
Speaker 4: times when these properties are going into foreclosure, the owner
Speaker 4: has passed and it's been left to an air but
Speaker 4: it wasn't transferred correctly, so you have to walk them
Speaker 4: through the process to transfer the property from the deceased
Speaker 4: owner's name to their name to allow them to be.
Speaker 5: Able to sell the property to you. Also, the inspector.
Speaker 4: A lot of times with the houses going into foreclosure,
Speaker 4: they may not have left the houses in the best condition,
Speaker 4: so you definitely want to have an inspector walk through
Speaker 4: so you can make sure you know what you're getting
Speaker 4: yourself into. Even if you know you're buying the house
Speaker 4: as is, you you definitely want to be able to
Speaker 4: get an idea what.
Speaker 5: Your repairs are going to be to run your numbers.
Speaker 5: Wholesale friendly title company.
Speaker 4: This is also important because you want to make sure
Speaker 4: you have a title company that's familiar with assignments and
Speaker 4: being able to set up your paperwork correctly so that
Speaker 4: you don't get left out of the deal. And they're
Speaker 4: familiar with wholesaling and assignments so that you can transfer
Speaker 4: your properties correctly.
Speaker 5: Say that you may not, well, I'm sorry, say that
Speaker 5: you want to.
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Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J.
Speaker 2: Trump's leadership. I'm Christy Nohm, the.
Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted
Speaker 1: illegal border crossings are at the lowest levels ever recorded,
Speaker 1: and over one hundred thousand illegal aliens have been arrested.
Speaker 2: If you were here illegally, you're next.
Speaker 1: You will be fine nearly one thousand dollars a day,
Speaker 1: imprisoned and deported.
Speaker 2: You will never return.
Speaker 1: But if you register using our CBP home app and
Speaker 1: leave now, you could be allowed to return legally.
Speaker 2: Do what's right. Leave now.
Speaker 1: Under President Trump America's laws, border and families will be protected.
Speaker 3: Sponsored by the United States Department of Homeland Security.
Speaker 4: Who You don't want to hold on to the properties
Speaker 4: to rehab. You want to make sure you have a
Speaker 4: cash buyers network so that you're not holding onto these
Speaker 4: properties too long. Facebook is a good option. They have
Speaker 4: a lot of real estate groups. All you just have
Speaker 4: to do is type real estate in your area and.
Speaker 5: You'll more than likely find a group online.
Speaker 4: So, just like I mentioned for your exit strategy, if
Speaker 4: you are wholesaling specifically and you have no intentions on
Speaker 4: holding onto the property and you just want to get
Speaker 4: in and get out. You have to make sure you
Speaker 4: have that cash buyers network. So finding a cash in
Speaker 4: buyer is important. Like I said, there's a lot of
Speaker 4: people who post on Facebook all the time looking for
Speaker 4: cash buyers to help build up their email lists, or
Speaker 4: you can just post in these groups your deal that
Speaker 4: you have to find someone qualifying to close you out
Speaker 4: of your property. If you're looking to get a bigger,
Speaker 4: bigger you can mentor with someone. You can find a
Speaker 4: mentor partner to do a joint venture. This is how
Speaker 4: Andre and I first met, doing these joint mentor joint
Speaker 4: ventures and moving me from being just a wholesaler and
Speaker 4: now reh having properties. For number three is buy and hold.
Speaker 4: We also do some buy and holds my mother and
Speaker 4: I of these properties. I've yet to do Airbnb, but this.
Speaker 5: Is also an option if he decided to buy and
Speaker 5: hold as a rental.
Speaker 4: This is one of our rehab properties. There was a
Speaker 4: wholesale deal. It was going into foreclosure. This is Southington,
Speaker 4: so this was found by the county records. The property
Speaker 4: was going into foreclosure. The owner had died and her
Speaker 4: grandson was living in the house. He was pretty much
Speaker 4: waiting until the auction for someone to come to the
Speaker 4: house and tell him that he had purchased the house
Speaker 4: before he left. So I initially his skiff traced the
Speaker 4: information and never got a response, of course, because she
Speaker 4: was deceased. Soone out door knocked. That's when I met
Speaker 4: the grandson. He was able to connect me with his mother,
Speaker 4: who was technically the immediate heir to the property. We
Speaker 4: came to an agreement, paid off the mortgage balance and
Speaker 4: the mechanic liens attached to property. So the mechanic lean
Speaker 4: was the grandmother technically had some plumbing work done and
Speaker 4: she did not pay pay the company, so the company
Speaker 4: put a lien on the house that had to be
Speaker 4: paid out before they would allow us to purchase the property.
Speaker 4: So we use hard money a rehab loan to purchase
Speaker 4: the property, pay the family pretty much their cash for keys,
Speaker 4: and then do all our construction to the property be
Speaker 4: able to sell it. So our exit strategy for this
Speaker 4: one was we rehabbed and sold it instead of just
Speaker 4: transferring it to a cash buyer from wholesale. So yes,
Speaker 4: so a little bit more about hard money. Hard money
Speaker 4: is typically issued by a private investor of companies. Interest
Speaker 4: rates are higher and they can usually close in forty eight.
Speaker 5: Hours or less.
Speaker 4: Yes, well, majority of it, depending on which companies that
Speaker 4: you use.
Speaker 5: We have two different companies that we.
Speaker 4: Use, and Flipco covers up to eighty or ninety percent
Speaker 4: and they don't require credit check, but you do need
Speaker 4: an LLC to use them, and they don't do land,
Speaker 4: but that allows you to purchase the property and give
Speaker 4: them your rehab budget and they'll give you draws. So
Speaker 4: each time you have something done, foundation, roof whatever, you
Speaker 4: take pictures and provide an information to them and they
Speaker 4: pay you back, pay you back the money that you spent.
Speaker 5: It's called flip code. We also have fun that netflip.
Speaker 5: They do do a credit check, you're required to have.
Speaker 4: An LLC and they will incorporate your land purchase for
Speaker 4: new construction, so you're able to get a rehab a
Speaker 4: rehab budget for a whole new construction project and you're
Speaker 4: able to get your money back from doing a new construction.
Speaker 5: So again that's Flipco and fun Netflip.
Speaker 4: So our contact with Flipco is going to be Sidney
Speaker 4: Campbell and then for fun netflip is Donovan adcer role.
Speaker 5: I hope I didn't mess up his last name.
Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J.
Speaker 2: Trump's leadership. I'm Christy nom.
Speaker 1: The United States Secretary of Homeland Security. Under President Trump,
Speaker 1: attempted illegal border crossings are at the lowest levels ever recorded,
Speaker 1: and over one hundred thousand illegal aliens have been arrested.
Speaker 1: If you are here illegally, your next you will be
Speaker 1: fined nearly one thousand dollars a day, imprisoned, and deported.
Speaker 2: You will never return.
Speaker 1: But if you register using our CBP home app and
Speaker 1: leave now, you could be allowed to return legally.
Speaker 2: Do what's right. Leave now.
Speaker 1: Under President Trump, America's laws, border and families will be protected.
Speaker 3: Sponsored by the United States Department of Homeland Security,