Determine Property Value

Wholesale Flipping Homes

Ask the Seller to Show You Around

When you get to the property, ask the seller to show you around the property. You don’t really need them to show you around, this is purely strategic. Dennis reveals the strategy for having the seller guide you around the property in “Wholesale Flipping Homes”.

During the Walk Through

While following the seller through the home, compliment, as sincerely as possible, positive features of the home and property. At the same time you want to write down negatives on the form that you printed out from TurboBidder2. The negatives are any problems or fixes you see that are going to have to be done before you can sell the home. Then make sure you point out these issues to the seller.

Fix and Replace Estimates

As you are pointing out these issues, you are also going to be estimating the retail cost to repair or replace. You write that estimate down on the form as well and show it to the seller. Such fix and replace estimates will cover carpeting, painting the interior, replacing fixtures, etc.

Negotiate the Price

Once you are finished you total up the cost in repairs and the show the total to the seller. At this point, you want the seller to understand that those repair costs are going to lower the price they can expect to receive for the property. Once you establish this fact, then you have lowered the negotiating price.

Group of Investors

You will not make an offer right then. Instead you explain that you represent a group of investors who "have money and close quickly". You say something like, “I’m going to try and help you sell your house to them.” You want the sellers to know that you are on their side, and then go on to explain that in order to do that you are going to need their “very best price”.

Never Name Your Price

You don’t want to name your price. You always want to lead sellers into naming their price. Why?

Ask Them to Name Their Price

Once you’ve gone through the home, filled out the form that points out the fixes and repairs, thus lowering the price, you ask them how much of the home’s equity they need. They are always going to say, “All of it!” Next you ask them why they need the full amount. The answers are going to range from buying a car, needing to move, wife wanting new furniture, etc.

You write down their answers. You want them to be specific about the type of car, how much furniture they want to buy, or how much it will cost to move.

Now Determine Property Value

Then “Wholesale_Flipping_Homes” goes on to explain exactly how to determine property value. You will learn the different values that you need to know in order to do a complete financial analysis. This will be the basis for the information you need to determine property value and to put in your Offer to Purchase Real Estate packet.

To become a successful real estate investor you need to understand the strategies of completeing deals. From Dennis J. Henson's "Wholesale Flipping Homes " you will learn:

• flipping tips
  
• determining property values
  
• finding motivated sellers
  
• advertising tips
  
• financing strategies
  
• and why no money is no problem
  

If you want to succeed at real estate investing, this is a learning tool you cannot afford to pass up.

For $47 Get Wholesale Flipping Homes NOW!