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Wholesaling Real Estate 101

497 members • Free

Real Estate Deal School

1.3k members • $25/month

2 contributions to Wholesaling Real Estate 101
31k deal closed
@Evan Hamilton and myself just closed out this 31k net profit double close deal. Evan took care of signing the closing docs for us while im on the beach in Florida. This was a vacant property and was dated but not distressed. We got the lead in from a SEO funnel that we have that focuses on keywords tied to actual problems. In this case the owner was elderly and was already in assisted living. The son who was the POA wanted to sale the property quickly to help fund his father's care and avoid future complications for when his father passes. We locked it up and moved it to a VIP buyer for a 31k fee. Contract to close was 14 days. Our cost per deal on this deal was sub $100. Julys net profit sits at 97k after this one. Wholesaling and REI in general can be very simple guys. Find someone with a problem, solve said problem, run a legit and credible operation, and get paid. Remember guys and gals, this business is all about taking consistent action, the work you do today directly dictates the results of tomorrow. PUT IN THE WORK, you owe it to you're future self. #ProblemBasedMarketing
31k deal closed
A Quick Tip On Pre Foreclosures
Free Tip : How To Find Pre-Foreclosures Before They Hit The Obvious Lists As a free tip for everyone, I wanted to share some more in-depth detail on pre-foreclosures. This is usually the kind of stuff we go deeper on inside of our PRO group, but I think it will help a lot of you understand why pre-foreclosure data can be confusing and why there is not always one simple website or list to pull from. The first thing to understand is that pre-foreclosure records depend heavily on how your state handles foreclosure. Some states are judicial foreclosure states. That means the lender usually has to file through the court system to foreclose. In those states, your early pre-foreclosure leads may come from court records such as: Foreclosure complaints Lis pendens filings Civil foreclosure cases Mortgage foreclosure lawsuits Other lawsuit-related filings tied to the borrower or property In those markets, the court filing is usually the early indicator. Other states are non-judicial foreclosure states. In those states, the lender or trustee may not have to file a lawsuit to foreclose. A lot of these foreclosures happen through the power of sale language in the deed of trust or mortgage. That means you may not find a foreclosure case in the court system. In those markets, you usually need to search the county land records, official records, recorder’s office, or register of deeds. You may be looking for documents such as: Notice of default Notice of trustee sale Notice of foreclosure sale Notice of substitute trustee Appointment of substitute trustee Notice of acceleration The exact document name will vary by state and county. The best way to figure out your market is to reverse-engineer it. Take a property that is already listed in the trustee sale notices, auction notices, or public notices. Then search that owner’s name and property address in the county land records and court records. Look at what was filed or recorded before the sale notice. You want to identify:
A Quick Tip On Pre Foreclosures
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Korey Whitley
2
3 points to level up
@korey-whitley-6952
Action over excuses. Consistency wins. Success comes to those who show up daily and do the work.

Active 2h ago
Joined Jun 5, 2026
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