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The Hands-On Wholesaling Academy Agenda
Thursday, February 18th
Morning
8:00-9:00 Buffet Breakfast, On Us
9:00-noon Finding Deals
How to tell in 2 minutes or less whether a property has the potential to make you thousands…or whether it’s a big, fat waste of time
How to get sellers calling you in droves—and you’ll SEE the results of this marketing, as sellers call me during the event!
The 5 questions you MUST ask every seller. If you don’t, you’ll waste hundreds of hours of your precious time
6 signals that you should get off the phone and wait for a REAL prospect to call
How to overcome common seller objections and get the deal
How to get a seller to his very bottom dollar, right on the phone, before you even see his property—you’ll watch this LIVE
Noon-1:30 Buffet Lunch (on us)
1:30-5:00 Finding & Evaluating Deals (continued)
How to find great deals in the MLS—yes, they really do exist!—and how to train your agent to quickly and easily identify the properties that could make you serious money
How to find and KEEP a real estate agent that will expose you to hundreds of leads each month (it’s both easier and harder than you might think…)
How much you should reveal to your agent about what you’re doing, and when
How to do a pre-evaluation of a property from the comfort of your own home, so you can go see the money-makers, and avoid the losers!
How to avoid losing deals when you can’t answer the phone all the time
How to track and evaluate your leads…in fact, if you register early, I’ll GIVE you my access-based system for doing this!
How to successfully wholesale the thousands of bank-owned properties on the market-even when you can’t come up with a “proof of funds” letter, even though they’re overpriced, even though the contract is non-assignable
How to fill out the contract line-by-line, including special clauses that you’ll need for probate deals, short sale deals, occupied properties, and more
The language you MUST have in your purchase contract-some are required by law, some assure that you will NEVER get stuck with a deal you can’t sell
How to alter the “Board of Realtors” purchase contract to protect you in wholesale deals
How to find the value of a property when the “comps” are all over the place, price-wise
6 ways to determine the right offer price-and when to use each
5:00 Dinner (on your own)
8:00-10:00 Evening Event TBD
Friday, February 19th
Morning
8:00-9:00 Buffet Breakfast, On Us
9:00-noon From the Contract to the Closing: Due Diligence and Finding Buyers
How to use land trusts, options, LLCs, and private lenders to avoid double closings—even when the contract is “non-assignable”
4 documents OTHER THAN the purchase contract that you must have the seller sign to CYA
How to get paid—in cash—before the closing
Why you should never put the assignment fee on the assignment form—this is all-new information based on some of my recent experiences, and will save you endless headaches
How to deal with title problems—they WILL come up, and they CAN destroy your deal if you don’t know what to do
Noon-1:30 Lunch (on us)
1:30-5:00 From the contract to the closing, cont
How to find your ideal buyers by the hundreds—and sell every deal in days
How to keep track of every detail about your buyers
2 times (in fact, the ONLY 2 times) when it’s OK for the buyer to get a loan to buy your property
Why wholesaling to wholesalers is dangerous to your pocketbook—and your reputation and when it’s OK to do it anyway
4 crucial things you must know about your buyer before you give him the address of the property
How to do a double closing—and some compelling reasons not to
How to keep your deal (and your profit!) from going down in flames at the closing—it happens all the time, but not to you, once you know what you’re doing
What to do when your buyer doesn’t want to pay your fee before the closing—and a contract you’ve never seen anywhere that
guarantees
you’ll get paid
Why negotiating your asking price is almost always a big, costly mistake
What to do if you can’t find a buyer for a deal, or if the buyer backs out before closing
What to do in the rare instance when the SELLER backs out before closing
7:00-9:00 Preparing to Inspect (with Jerry Fink)
4 easy ways to get accurate repair costs
The big expense you’re probably leaving out when you estimate repairs—your BUYERS know about it, and you should, too!
Saturday, February 20th
8:00-9:00 Buffet Breakfast On Us
9:00-3:00 Tour Junker Houses
How to evaluate whether an area is a type 1,2,3,4, or 5 in just moments
How to inspect a property an estimate repair costs in 15 minutes or less
Major defects to be aware of (and problems that look big, but aren’t
4:00-6:00 Evaluate and Discuss the Subject Properties
7:30-9:00 Inner Circle Cocktail Reception/Networking (Members only)
Sunday, February 21st
8:00-9:00 Buffet Breakfast On Us
9:00-noon The Business of Wholesaling
How to hire an effective employee for $240 a week (plus commission), and make MORE money while freeing up dozens of hours of your time
The 4 things you must do before you hire someone else to do most of your work for you
How to use entities to slash your tax bill—and which type of corporation is right for you
Noon-1:30 Buffet Lunch (on us)
1:30-3:30 The business of wholesaling, cont
NOTE: FOR THE CONVENIENCE OF ATTENDEES WHO ARE FLYING IN, WE WILL END BY 3:30 ON SUNDAY
Why understanding short sales can add tens of thousands of dollars a year to your income
When to pursue short sale deals, and how to tell when you’re wasting your time
What you need from the seller to make a short sale deal happen
How to present your offer to the bank for maximum chances of success
Fitting wholesaling into your busy life
What to do as soon as you get home to build a spectacular wholesaling business