Virtual Wholesaling In 2021! 📊📈🏠 | $60,835 Case Study

We just closed a virtual wholesaling deal for a NET profit of $60,835. For today's video, I'm going to walk you through all of the aspects of virtual wholesaling and how we pulled this deal off.

This particular lead came from organic seo when a seller searched "we buy houses" in his market.

We completed the deal 100% virtually. Neither my team or I have ever seen this home.

If you live in a market that's expensive and you're wanting to wholesale, virtual wholesaling might just be the ticket for you!

[calebhawley]

excellent knowledge sharing as usual! Also Satan is in the house, as I'm noticing 6.66k current subs for you

[peterelz]

wow - this is awesome - the style, the format, the numbers shown and the lease opt in comments and the fact that when you reply to comments it makes sense - you are one of kind on youtube- FACT - I watch them all lol - but seriously lovin how you put this entire video together - concise- and to the point -

[hunnit]

is it possible without paying a earnest and showing POF?

[eastwindproperties]

RYAN! Great content, and also-- this is YOUR COLOR! I know you love black, but the blues are better for you.

[Ken-sqhw]

You’re not that far from me I’m in mobile al and was wondering if you can share some knowledge

[JasonPhillipsYouTube]

Super helpful, thank you for publishing this video and the lease option agreement. Curious if you used the wonky inspector that nobody uses (and his inspection) to further reduce the purchase price on the property? Was that your intention in using them?

[Ziggydavy]

Im lovin the content, you should make a video on "how you estimate rehab cost" ? Thanks

[marciadonald]

Hi I enjoy your content wondering are you doing coaching

[stephenmiller]

Why couldn't you double close on this? I just got a lead i made an offer to yesterday that has really challenging comps. The property was really close to move in ready with granite Countertop, amazing kitchen with 80in stove top and range hood with 2 remodeled bathrooms. Older house that could use refinishing and repair of floor and a closet around a 2nd furnace. Lease option might be a great option to seal the deal

[redgy]

Ryan,
The lease option is just brilliant man, love it. Quick question - is MLS listing for a property under a lease option allowed in all market?

[KevinSmith-gwrk]

Love this strategy. Thanks for the breakdown Ryan. So you didn't have title when you listed right? Just had the option. Did your option contract need to include language allowing you to market/list the property?

[ryan_hakes]

I'm just like ... man this brother has come so far since that Starbucks day on Emerson lol. Proud of all you do as always and your generous spirit. Question on the insurance bit - vacant/insures - what company is your go to?

[thuyps]

This is amazing! Way to go Angelique and Ryan!!!

[dianemenke]

This was very interesting thank you! I especially liked the application of the lease option to the purchase. 

A friend of mine who worked for BigPharma and was wooed away to work at a chain of hospitals. His new boss paid him to move and paid for expenses and losses for selling his house. So you seller may have had a similar incentive package from his new employer. In which case he was never out the difference in the money from the sale of the house anyway.


Looking forward to meeting the team member who put this together Ryan!

[fernandonava]

Hey Ryan, thank you for sharing. Quick question. Wouldnt the option to sell cause the mortgage holder to call the loan due, or you do not record anything and is just a contract between you and the seller? Thanks in advance

[jimmymarks]

I’d love to know how you got him down from $330K to $300K. That would be a great video.

[scottybalsamo]

🤯🤯 sick deal, dude!! Quick question —- did the seller have a mortgage on the house? If so, would purchasing the house sub2 have been a better play if the seller was up for it ?

[Sven_Golly]

I don't see a line item for interest to your private lender, did they give you the money interest free for a week as a courtesy since you know them or was that a forgotten item?