Your First Deal Bootcamp - Fast Flip Mentorship

“Producers” get sticker shock often, balk at prices and often believe they can’t afford things. (T/F)

Real estate investing is all about taking “calculated risks”. (T/F)

Millionaire investors make decisions slowly and change their minds quickly. (T/F)

When it comes to real estate investing, knowledge is nothing without action. (T/F)

Wholesaling is when an individual (the wholesaler) puts a property under contract with a seller, markets their contract to potential buyers and then assigns their “equitable interest” rights to the buyer. (T/F)

When wholesaling, the transaction is funded by the _____________.

With an Assignment, the wholesaler is dealing with two separate closings. (T/F)

With an assignment, you want to make sure your contract has a clause that will allow you to assign the contract. (T/F)

With a _____________ deal, ALL parties can see both sides of the transaction.

A double close transaction requires funding to close and the wholesaler takes title of the property immediately. (T/F)

Wholesaling is illegal. (T/F)

You should consult legal representation when doing wholesale deals to ensure you are not violating your state’s licensing law requirements. (T/F)

When wholesaling, you should avoid certain gray areas. One of those areas is lack of:

When wholesaling, you have the right to back out of your contract if one of these situations occur:

When dealing with buyers, agents, lenders, title companies and closing attorneys, you must be transparent about who you are, and make it clear you are not the owner of the property.

“Bird-dogging” includes signing and executing a valid purchase and sale agreement with the homeowner. (T/F)

As of 2020, you can assign contracts in all 50 states BUT [STATE] and which other state?

As a wholesaler, you need to build a relationship with an ___________-friendly title company.