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[Music] when it comes to securing good wholesale deals with off-market properties most people think the best or even the only way to secure a contract is to meet the seller in person on appointment well im here to tell you that thats not the case and thats not how im currently doing it so on todays video get ready to learn how to get a signed contract without meeting the seller coming up [Music] for a limited time you can get a free copy of jerry nortons motivated seller scripts so you can talk to email and text sellers with confidence download it now at freesellerscripts.com if youre new here to this channel im jerry norton with flippingmastery.com and this channel is always help you make money wholesaling and flipping real estate so you can live your dream life be sure to subscribe and turn on the bell notifications so you dont miss new videos in my wholesale business i do most of my deals virtually or remotely which means we dont actually see the properties in person but

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is the 70% rule in flipping?

The 70% rule can help flippers when theyre scouring real estate listings for potential investment opportunities. Basically, the rule says real estate investors should pay no more than 70% of a propertys after-repair value (ARV) minus the cost of the repairs necessary to renovate the home.

How do you write a simple agreement?

Heres a look at the basic steps youll need to take to create a simple and effective client contract: Include Contact Information of Both Parties. Specify Project Terms and Scope. Establish Payment Terms. Set the Schedule. Decide What Happens If a Contract Is Terminated. Determine Who Owns Final Copyrights.

How do you write a contract for sale?

Preparing a Sales Contract in Seven Steps Determine Customer Needs. Agree on a Solution. Indicate the Scope of Work. Set the Timeline. Establish Pricing Payment Requirements. Create Service Terms. Send the Sales Contract for Review Signature.

How much does a contract Flipper make?

As of late 2021, the average profit per flip across the nation was $68,847. If an average house flipper completes only one deal per year, then its comparable to around a $69,000 per year annual salary.

What are 2 disadvantages of a contract deed?

If you fall behind on payments, the contract can be terminated and you will lose whatever equity was previously built. Furthermore, if the seller has a mortgage and defaults on their payments, you may lose the property even though your own payments to the seller are current.

How do you write a sellers agreement?

How do I write a Sales Agreement? Specify your location. Provide the buyers and sellers information. Describe the goods and services. State the price and deposit details (if applicable) Outline payment details. Provide delivery terms. Include liability details. State if theres a warranty on the goods.

What is a contract for deed in GA?

What is a contract for deed in GA? In a contract for deed, the would-be homeowner may make a down payment and agree to monthly payments to the seller, but the person does not receive immediate title (ownership) of the house in return.

Are flip contracts worth it?

There are three main advantages to flipping contracts: Requires no cash you can put down as little as $10 on a contract No risk if you dont flip the deal you dont lose anything Quick cash money in your pocket now There is no doubt that these advantages are the reason why so many beginners are attracted to

How do you write an agreement between a buyer and a seller?

How to write a real estate purchase agreement. Identify the address of the property being purchased, including all required legal descriptions. Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs.

How do you write a purchasing agreement?

Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.

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How to Replicate Title Contract For Free