All Forum Posts by: Kyle Weimer

I've done 8 double closings this year so far. Not hard to do.
Find the deal, find the buyer, have a good line if communication with your Title Company or Attorney. It's really very simple. Think of them as two separate transactions, which they are and coordinate them properly. No problema.

If you have equitable interest in a property (signed contracf and earnest money) you can legally market the property without being licensed.

The quickest way to make a paycheck, hands down, is to call all the local Wholesalers you can and ask if they will be willing to co-wholesale any of their deals. If they say yes, you can put their property under contract that still allows them to market it, but if you bring the buyer you get paid. That is the simple version. Look up and read more about it. Definitely the easiest way to get paid.

Nice job fellas. It feels good when you make forward progress toward your goals.
We are in a new Mid West market this year and its shaping up nicely.
We have closed 6 wholesale deals.
Just got two Duplexes under contract! These are cash cows. 46% NET ROI!
Also have a 19 package bulk deal closing hopefully this month.
Lastly, have a rehab getting ready to start in the hometown of Aurora, CO.
Hope the year just keeps building off of this positive momentum.
Who else is killing it??

Always and don't no anyone that I know that does different.
Always non refundable. At least the amount that I put up and no less than $1,000
Usually try to get more. Depends on what market I'm in and what types of houses

Just combine the two, what's that spell?!!!
Wholesaling Lease Options.

Get to learn to talk to sellers, don't need houses with any equity although preferred, and little risk...

The tenant has rights in that transaction.
If there is no lease I believe you can give 30 days notice unless the house is in foreclosure and they have no lease in which case they get a full 90 days if they want. (Double check that 30 day scenario, not 100% on that one)
If there is a lease, the tenant can live out the duration of the lease.
I always advertise these as Turn-key type rentals to my investor and try to find a buy and hold investor to purchase it. We've done numerous of these this year.

That is so awesome and exciting for you, I know. Feels great when hard work is rewarded.
Get through closing first, then repeat. I love reading these types of posts.
Nice job!

Basically what K. Marie Poe said about land trusts and LLC

"Google Magic" you can read a ton on it...

Cash on cash return 3-5 years max on the lower end. No risk and the house is paid off. The higher rents in expensive neighborhoods don't justify the 10-20 year cash on cash.
At least not for me. Not buying the low end for appreciation necessarily.
Low risk cash cows baby!!!