Are you beginner and you want to learn how to get into real estate investing? Well, this is the perfect video for you. So stay tuned. By the end of this video, I can promise you that I’m gonna let you know exactly what to do. If you’re a beginner wanting to get into real estate investing, what’s the best avenue for you? Let’s dive right in. Also, on this video, I’m not only going to tell you the best strategies for getting started as a beginner, I’m going to tell you why people get into real estate and is it even worth getting into? So let’s dive right into it. Let’s go.
So why real estate investing? Well, there’s a lot of ways to make money in this life, are you sure you want to get into real estate investing, most people get into real estate investing because they want the financial freedom most millionaires are made from real estate investing or flipping any sort of real estate investing, landlords buying and holding burrs. I mean, these terms might be foreign to you if you’re a beginner. But basically, there’s so many different ways to get into real estate investing.
So you got to understand that your journey as a real estate investor, if you’re a beginner, you really can take many different paths. You can be a real estate agent, you can be a landlord, you can be a property manager, you can get into commercial, you can do many different things. But the path that I took, and the path that I tell people to take is wholesaling. So wholesaling real estate, you can do deals with little to no money, well, actually $0 You don’t need any money to wholesale real estate if you do it the right way. Because you can find a deal with no money. You don’t even need earnest money if you know how to do it the right way. And you don’t never even have to purchase the property.
Okay, so getting into real estate investing, why would people do it? Well, they want to become wealthy, they want to have the freedom, they want the peace of mind, they want to build a legacy. That’s why people get into real estate investing. And with all the different options out there to make money, it’s a great option, it’s a great way to do it just because will to make financial freedom for yourself to achieve that because anyone can do it. You don’t need permission, you don’t need to go to college for it, anybody can do it.
So I actually have a video that I broke down, how exactly to start the process of getting in as a beginner. But before I go into that video, I want to invite you to my free masterclass that I do every Thursday, just go to paynelesswholesaling.com, or go to the link below. If you click on it, as you register, it will send you some information, you know, they’ll remind you of the class, it’s gonna be awesome. Honestly, a lot of people that have gone they’ve all had good experiences. And the reason why we do is we just want to help people get into the game, especially I remember when I began, I didn’t really have any help and know what to do. So that’s why we do it. So register below and we’d love to see you there and it’s live. It’s not just a video that you’re gonna watch like this.
That’s why I recommend people to go because right now you’re just watching the video, which is awesome, too. But if you want to ask questions live, that’s where you need to go. So let’s dive in. Like I said, we’re going to dive in and tell you exactly how to start investing as a beginner. And I’m going to lay out the process and some of the things that I would recommend to do. As a beginning wholesaler, let’s dive right in. So let me give you the story of how we got this and how you can avoid what happened to us.
Okay, this is what happens when you joint venture a lot of the time is you don’t have access to all the information because you’re relying on other people. And this isn’t to throw anyone under the bus, I’m just letting you know, this is what happens. I’m in a couple different group for coaching, right? I help people learn how to wholesale to do it efficiently and effectively. And all that and what was happening was this girl comes on the call and she’s like, Hey, look, I have a lead. It’s a seller, I need to find a buyer. It’s a piece of land, and I’ve been talking to the seller for a couple months. Can you help me find a buyer? I said, Sure, I can help you find a buyer. It’s what I do. Let’s split the deal. 5050 She got the contract, I got the buyer. So we said send us your contract, we’ll sign the JV agreement. And she did. So we looked at it we checked on batch to see if he was really the owner. It says that he was the owner.
So we’re working this deal. Never talk to the seller. I just rely on Nathan who works with me to talk to the seller and the girl that we’re JV with. So there was some red flags in the beginning, the guy was selling it like at super deep discount. And usually when I talk to a seller and they’re selling super, super low, I asked them like, why are you selling so low? Because you can get more for this house. So I never had that conversation with him. But the one of the red flags was I think the land retailed at like 350. And the guy signed for like 120. So we spent about a week or two trying to find a buyer. We eventually find people that are willing to pay what we’re asking but they want a 30 day closed because land I think they needed like verify a lot of things before they jump into it. What happened with that is it came down to like the last week No, we weren’t able to find any cash buyers but that would close on it. But we did have one guy that we were tight with. And he was like you’d all pay 170 But you know, I need to close on Monday like the day after we had to close.
And we’re like do we can’t do that because it was a great deal. We’re scrambling to learn how to buy the property with hard money and we found somebody but there was just some red flags because we had called the seller and we’re like hey look, can you give us a little bit more time because so we can close and get her funds ready? And he started like ghosting us right and I don’t know what his angle was but he like stopped responding like two days before the close date and I was like I This is kind of weird, like this guy has been wanting to sell quick. And now like, we’re getting close to the close that he wants to respond. And we’re trying to like close, like, get the money ready. So when you feel like there’s something wrong in your gut, you’re probably usually is. And I was like Nathan, can she double check that where she’s talking the right guy? This just sounds fishy. And what had happened is this guy, the seller who had signed in the guy’s name, for some reason, she got his number. She called him the numbers. And this guy was like, Yeah, I’m Stephen. And he talked to her, he signed the agreement and Stephens name and everything. And she had been dealing with the wrong guy the whole time. Like, it’s just a scammer. And I think what he was trying to do is just have someone just send him money. I don’t know what his angle was how he thought he was gonna get money, because you’re not gonna get paid anything. We found out that was the deal, because he wasn’t responding. And I was like, Man, this isn’t making sense.
So that’s what happened. And after researching who the owner was, we found out that this guy was an attorney, and on multiple properties, so I’m not saying all this to scare all of you. But you can use batch leads to find out who’s the owner, you can use the data to find out more information, maybe you can quiz them on it, like How old’s the property? Or how long have you owned questions that only the owner would really know that batch has and maybe he might know it to maybe the scammers got batch leads account, who knows. But what you got to do is verify and if something feels off, it usually is apparently after we called the real guy, the girl that we were working with called the real guy. He said, Yeah, this has been happening a lot. This guy has been trying to scam on people on a lot of his properties. But to avoid this, everyone make sure when you’re talking to sellers, if you feel like something’s off, they don’t know a lot about the property or something’s wrong or you’re not talking to the person bump that like forget that right? Call it out.
So anyway, that’s the exciting portion, man, I thought it was gonna make like 100k Last week, and it was a dud, you know, but who cares? If you think of questions, it’s fine. I gotta call this buyer back. Alright, so you are asking me, How do I find a good market to flipping right or wholesaling? Right? That’s all right. So what you can do is using data, you can see what areas have the most flips going on. So for example, you go here to Utah, you can do the whole country if you wanted, but let’s just say okay, I want to know what part of Utah should I be doing deals in, right, so then you can look and see where the activity is, right? There’s more activity, obviously, in Salt Lake City, Utah.
There’s not a lot going on anywhere else. Does that help? Yes, it does. Thank you. What’s up, dude? How’s it going? Okay, yeah, Diego, there you go. All right. We’re gonna teach you how to accomplish property right now. Are you ready? Let’s do it. I love it. So here’s the property. It says that he bought it for 28,000, which he told me he did. It says that the estimated value is 168,000. So if we wanted to do like a quick way and go to comparables, and this is the property it says the guys in pre foreclosure, so batches like yes, he’s in pre foreclosure. Their property has liens. Yes, it does. Is he in bankruptcy? Yes, this guy is pretty much every indicator that there’s distress here. So what you do here is you look around and you say, Okay, what properties have sold or active in this area that are within 20% within the last year.
So we look here. And this is our property right here. This house is a two one sold for 225. And yes, there’s a car right to 25. But the thing is, the problem is the car was sold last year it says sold date seven so we all know that the market has changed a little bit over the last couple months. So that’s probably not what it’s worth now. So you can go over here you can see some comps. I think this house is like worth 140 From what I’ve seen you go over main roads when you do your comps or do you stay within that little bracket or where are you based on I tried to with the data that I have available to me i i try my best to stay as close as I can. But according to this the data that’s available, he lives on a main street right so you gotta cross it right unless there was some oil here. If you liked this content, please like subscribe and hit the bell icon so you can be notified for future content and help us grow the channel. See you then.
