Ask Nick: How Do You Talk To a Potential Seller?

Coaching, Wholesaling on January 19th, 2016 Comments Off on Ask Nick: How Do You Talk To a Potential Seller?

Hi, Nick. I’ve been doing my marketing and have found a potential seller, but I’m not sure how to get the conversation started. What’s the best way to approach a motivated seller with a challenging situation? It’s been so long since we had a LEGIT ASK NICK!  Thank you Lynne for asking! The following is […]

Tags: , , , , ,

Ask Nick: What to Do at the First Meeting with a Seller?

Boston, Coaching, Deal, Wholesaling on December 17th, 2014 Comments Off on Ask Nick: What to Do at the First Meeting with a Seller?

If you’re new in the business, you are probably nervous about your first seller phone call, and eventually your first seller visit.  Hopefully this post clarifies what your goals are on each.   Before talking to you, I wasn’t sure about the effectiveness of the direct mail. You convinced me to continue the process. Today […]

Tags: , , , , , , ,

Ask Nick: When should I bend the 60% Rule?

Investing on July 25th, 2014 Comments Off on Ask Nick: When should I bend the 60% Rule?

The 60% of ARV Rule is probably the most basic rule in flipping.  It easily becomes nuanced once you get into the details.  Here’s a great question from the comments section in our YouTube channel. Hi Nick, As a wholesaler, this is some awesome content; however, why wouldn’t I use the standard 70% vs. the […]

Tags: , , , , , , , ,

Ask Nick: “How to Make Adjustments for Comps”

Investing on November 21st, 2013 Comments Off on Ask Nick: “How to Make Adjustments for Comps”

Hi Nick, I went back to the Dealflow guide, watched the video on running comps and I have a quick question on how to make adjustments when running Comps.  So my questions are: 1. What should I take in consideration when doing adjustment? 2. What the formula to come with average amount to add or […]

Tags: , , , , , ,

Ask Nick: Does Disclosing My License Hurt Deals?

Investing on August 26th, 2011 No Comments

Hi Nick, Good work on the Rehab! I’m actually licensed now. I’ve been working in Boston from mid June leasing Apts, but now want to take it higher with the investment part of it i.e. wholesales etc. I’m just wondering if I’ll have to always disclose the fact that I’m a licensed agent on contracts […]

Tags: , , ,

Wholesale Workshop: Frequently Asked Questions

Seminars on May 10th, 2011 No Comments

Frequently Asked Questions about the Workshop What is “Wholesaling?” Wholesaling is a strategy for real estate investors where you find a bargain, then sell that bargain.  A wholesale deal is any property you close on and resell to another investor.  You leave money in the deal for the investor-buyer to make his or her own […]

Tags: , , ,

ASK NICK: Nick’s “Down, but Not Out” Story

Investing on January 12th, 2011 No Comments

Hi Nick, When you originally lost your first properties, how did you get back on track with investing with less than perfect credit from the foreclosures? And if you didn’t have funds to invest, did you start wholesaling? I have someone interested in what I am doing but is just as flat broke as I […]

Tags: , ,

Ask Nick: Why sign a deed over to a bank?

Investing on December 29th, 2010 No Comments

Hi Nick, I was wondering when/why a distressed homeowner would sign the deed over to a bank.  Is the advantage to have it not go to auction on behalf of both parties? And when that is done, can a buyer be ready and willing to purchase it immediately?    Reviewing a few transactions via B&T, I […]

Tags: , , ,

Ask Nick: How do I Pull off a Double Closing?

Investing on August 19th, 2010 No Comments

Hi Nick, It’s been long since we spoke but i keep reading the Lit you send out and it’s always very informative, learn new things every time. I was just wondering if you’ve ever done a double close/back to back close here in Mass, AND (a) What was the overall experience ? How long did […]

Tags: , ,

Ask Nick: Best Sites for New Investors?

Investing on July 30th, 2010 Comments Off on Ask Nick: Best Sites for New Investors?

Hey Nick, I am just starting out in real estate investing.  There is so much information on the internet– I don’t know where to begin or who to trust.  What are the best sites to get information? Thanks for the question!  I’ve been asked this many times by people at their first few REIA meetings. […]

Tags: , ,