How to Vet & Qualify Your Cash Buyers for Wholesaling Real Estate

How to Vet & Qualify Your Cash Buyers for Wholesaling Real Estate

In todays video Rick Ginn breaks down exactly how you make sure that your cash buyers are legit and real.

Knowing these certain questions to ask your cash buyers is one of the most important ways to tell if they will work out well for you when it comes to assigning your contract in wholesaling real estate

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⚡️ABOUT FLIP WITH RICK⚡️

Flip with Rick is a Real Estate Education Company Founded by Rick Ginn and Run by him and his son Zach Ginn. Zach Ginn is 21 years old and runs all of Rick’s real estate investing operations in Port Saint Lucie, Florida. Together they run the largest real estate wholesaling and investing operation on the Treasure Coast.

Rick Started Real Estate Investing in 2004 has been full time ever since quitting his job in the same year. Since 2004 Rick has personally done over 1,000 real estate deals! Zach Ginn started in 2017 after quitting his bag boy job and started by himself before joining forces with Rick after he made over $100,000 in wholesale fees in High School.

Together Flip with Rick has Mentored over 10,000 real estate students Become Complete Real Estate Investors! We specialize in Wholesaling Real Estate, Fix and Flips, Wholetails, Rental Properties, Creative Finance, Subject To’s, and Lease Options.

Rick & Zach truly Do what we teach and have the results in our business to back it up! We Are Not Gurus we are REAL ESTATE INVESTORS! Flip with Rick is built for real estate investors by real estate investors!

Rick and Zach Tell It Like It Is! You get No Fluff or Guru Talk from Them. They avoid the flashy luxury cars and watches for showing off 6 figure real estate deals and results from their students.
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✅ DISCLAIMER: Flip with Rick, Zach Ginn, Rick Ginn are not lawyers, CPA’s, or financial advisors. All strategies, tips, suggestions, warnings, and recommendations included in the videos are from personal experience and are intended for entertainment purposes only. Flip with Rick, Zach Ginn, Rick Ginn and guests of his videos do not guarantee any particular results and, as with any investment, risk should still be considered. It is essential for viewers to perform their own due diligence and/or seek the counsel of a financial advisor.

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Edited by @bszphoto with GenTech Marketing
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God Bless

[badjuju]

Quick, direct and solid. I see where Zach gets it from. I love what the two of you are doing. Thanks again.

[elverbell]

These are just spark notes. Thank you so much for this Rick. My friend and I are make a venture happen and we couldn’t do it without you

Pasar

Proof- of cash and ownership
Authority - able to make deal happen
Speed - ability to quickly close deal
Avatar - rehab or cash flow/rental
Relationship - make sure you’ve met all prev qualifications and experience in assignments

[will]

Great info Rick. You're the only one I've seen that doesn't just say we need to vet, but has actually given us a process on how to do it.

[bigdog]

This video came at the right time. Thanks Rick for the great content

[kalanevans]

Thank Rick appreciate the great content. You and Zach are #1 Dou HANDS DOWN. At a close second you have Batman and Robin.

[daveeg]

Thanks for answering my request with this video! 💯🙌🏼

[MalenaDigitalSolutions]

Is it bad to disclose the address of a property when you have it under contract to a “cash buyer”? I’m struggling on how to market my contract and who to trust, especially when they say they wholesale AND buy, kinda feel like they’re trying to steal my deal.

How would they be able to steal it?

[BrandonCBaldwin]

Glad I found this because I wholesalers pretending to be cash buyers so they can Steal deals!

[richliferealestate]

When do you ask them for pof? When you have a deal or when you’re building your list?

[adithyams]

This was very helpful brotha. Thanks for sharing :)

[handyhands]

This was very enlightening. I have a seller under contract
How do I market without giving the property address

[newgroundlocal]

How much do you guys ask for an earnest money deposit?

[feliciadr]

Wealth of knowledge! I’m taking notes. Does this work for land/vacant lots as well?

[drejisa]

Do you vet them like ask for POF BEFORE you bring them to the property? Like when you cold call them or?

[coryhuffman]

Do you only work with cash buyers or do you work with hard/private money as well? Also you stated don't show anyone the property until you have it under contract, isn't that hard to do because they would want to actually see the house before they sign the contract because once they sign the contract they have to put down and EMD non refundable.

[alext]

Thanks for this Rick. With all your experience after getting a few cash buyers in place what's a good timeline for a buyer who's serious. Im talking about inspection and sending earnest money to title.? Is 7 days a good timeline? Thank again.

[lavellsuccesswealthy]

How do you work with landlord buyers i need advice on that do u double close with them or use a assignment Contract because some landlords not familiar with it so how do i go about it in tell do you them you assigning a contract to them for fee ?

[jasonh]

Could I vet the buyers before having anything under contract? How would I do this with virtual wholesaling?

[joannekim]

how do you vet cash buyers as thoroughly when doing virtual wholesaling?

[jonathanbaronn]

Are you putting your cash buyer in the assignment contract before you bring them to the property? As you just showing them pictures of the interior and exterior without the actual address so they can’t back-door you on the deal? Your assignment contract had a non-refundable clause in there for the cash buyer, is that the assignment agreement you’re having them sign before they see the property? *all hypothetically speaking*