A real estate visionary creating opportunities out of thin air.
Jul 23, 2022 • 14 tweets • 5 min read
They say millionaires are made in the recession. I made my first M the last time around through real estate.
Im going to teach you how to do it this time!
I have a personal list of 21 REO (Bank Owned) Property Resources for you to prosper from. Here are my top 10:
#AThread 🧵
BANK OF AMERICA foreclosures.bankofamerica.com
Bank of America is the second largest holder of mortgages in the US.They can’t help be motivated to sell their huge inventory at a discount.This is a very good source for bank owned single family houses
Economic effects of the housing bubble (crash) as a result of years of loose monetary policy. There are plenty of discount foreclosure properties to be found here. Eat!
WILLIAMS AUCTION williamsauction.com
Williams & Williams conducts real estate auctions worldwide.To view auction listings by state, just go to the site and click a state name. It is just that simple.
VA's dont ever have to meet their clients in order to make money. They just do all of the tasks that the client is too busy to do themselves. These tasks would consist of:
Seller Financing -
Means you're borrowing money from the seller instead of a bank, making monthly payments to the owner instead. Also "owner-financing" or "purchase-money mortgage".
This is one of the easiest and least costly ways to finance a property.
For a seller to carry a first mortgage, they must own the property free and clear. When a seller carries a 2nd mortgage they are aiming to get the property sold quickly.
Some sellers have never heard of this type of financing or have never considered it.
Nov 21, 2019 • 6 tweets • 1 min read
Simplest way to Wholesale Real Estate:
Find someone who’s will sell at a discount.
Negotiate a price with the seller and sign a Purchase Agreement.
Find a buyer who will pay a higher price.
Assign the contract to a buyer, and keep the difference between the buyer’s price and the
seller’s price as your assignment fee.
But there’s a problem you might run into with Step 4 if you do it this way…
When you simply assign the contract to the buyer, the buyer gets to see how much less you paid for the property.
