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The Michael Quarles Real Estate Show

Michael Quarles is here to help you succeed in real estate investing. Whether you want to learn passive or massive investing, we will cover topics like Lease Options, Subject To, Seller Financing, Negotiation, Rehabbing, Marketing, Presentation, Shortsales, Rent to Own, and Owning Rentals. This show will offer solid information from seasoned investors that you need to succeed. It doesn’t matter if you are brand new to the real estate investment business or are a seasoned investor our podcasts will help you gain the information to be successful. Full show notes for all episodes are available at MichaelQuarles.com
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Now displaying: June, 2016
Jun 29, 2016

Michael Quarles covers whether or not he goes over his contract with a seller, and much more…

  • How does one respond when the buyer asks “what price did you get this property for” when wholesaling?
  • Do you go over and explain each paragraph of your 9 page contract with a seller?
  • While door knocking I came across a potential seller. After I did more research I realized that the numbers only worked if I offered less than what he said was his lowest price. When I talked to him again and asked why he was selling, he said “because you came to me.” I feel like I’ve lost my leverage. How should I proceed with my offer?
  • I’ve found some absentee owner properties, and it seems while searching through the records, one of the properties belongs to a person that goes to the church I used to attend. I was thinking I might skip the yellow letters and ask someone else I know about how to contact her. I wanted to know your thoughts on this?
  • Do you have a recommendation for a good book on sales that would be considered really effective for real estate investors?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

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  1. Click this link – The Michael Quarles Real Estate Show
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  3. Go to the ‘Ratings and Reviews’ section
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Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 27, 2016

Michael Quarles goes over how to structure a Sub-To Deal, and more in today’s Scenario Question!

  • I’ve successfully completed my first self-managed direct mailing campaign targeting tax delinquent absentee owners. I’ve noticed a bit of a trend however; a lot of these owners have very low equity in their properties. Here’s an example: Owner owes $120,000.00 ARV is $150,000.00 Property has tenant, monthly revenue from property yet to be reported, but is apparently reliable.Property condition is good, with minimal need for repair (to date.)My sense is this property, with closing costs and my fee leaves little room for sparkle to attract buyers. So I’m looking at what this deal could look like as a Sub 2 deal. I’ve never done it before, but I understand it’s possible to wholesale a deal structured as a Sub 2, and I’m wondering how that’s done; using this example above.

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 24, 2016

Michael Quarles covers how to start creating your own buyers list, and more…

  • I called a seller and was attempting to get information on his home so I could assemble a subject to deal and I asked how much he owed on his home and he said, “I don’t see how that matters, it’s a non-assumable loan”.What is a non-assumable loan exactly? And how does that affect a real estate investor, wholesaler, etc., when trying to make a deal?
  • Just got a call from a lead in Arizona. This guy said he got his place for $60k and put $70k of work into it. I did some research and found it was not actually a single family like he said, but a trailer. Comps are all over the place.One says 80-110k and the Zestimate is in the $30k range.Not sure how I should proceed on this one. I have never wholesaled a trailer before. Btw, I can’t provide the address here. I don’t have it under contract yet. Any advice?
  • When mailing a direct mail campaign out of state, should I get a PO Box in in that state or would my local address be sufficient?
  • What’s the best source for creating a buyers’ list?
  • I’ve been hearing a lot about your coaching program. What is the success rate your students are having?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 22, 2016

Michael Quarles covers whether or not you should buy homes from auction, and more…

  • Seller has a piece of land that is listed with a broker for almost a year. He contacts me from a yellow letter I sent. I asked when listing expires he tells me in 2 months.I don’t want to develop a bad relationship with any brokers because I am finishing getting my RE license. I have an interested buyer/builder but I am not sure how or if I can go in to contract while he has it listed.
  • I recently found a multi-unit that was recently boarded up, so I looked it upon tax records and it shows it is going to auction. How should I proceed?
  • I keep getting leads from Sellers and it seems like they are all under water on their mortgage. Is there anything I can do with these leads and not just let them go?
  • Any advice or tips on how to deal with a condemned home?
  • If you purchase a tax lien certificate and the property is vacant, do you have any right to rent it or only to physically secure it?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 20, 2016

Michael Quarles reveals what the new addition to hisGold Coaching Program is, and much more…

  • I bought a single family home last year in San Antonio, Texas for approximately 105k. The only things I did to it were painting it inside and out plus clean the carpets. The tax appraisal for 2015 was $142,430. Now I get a letter in the mail that the tax appraisal for 2016 is $192,430.00.I have the property leased and the higher tax value would eat up the cash flow. To raise the tax rate to above full retail seems like legalized thievery.How should I handle this?
  • If a home is owned by a trust, and the home is “in care of” a certain person,does that person have to follow a certain procedure to sell the house, or is like any other transaction?
  • Is it our responsibility as a wholesaler to get the tax, water, sanitation price/bill for the buyer or should they be doing their own research?4. Do you think it will make any difference in the amount of angry callers if I add“if you are not ready to sell please keep my info for future reference” in my mailer or voicemail?
  • What strategies did you employ to weather the downturn of the real estate market in 2008/2009?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 17, 2016

Michael Quarles covers whether or not you should give your seller time to move out, and much more…

  • Should I attend REIA meetings?
  • What if there’s a Seller that needs time to move after closing? For example,Seller needs the cash she gets at closing to move.
  • When visiting houses to view the house and negotiate, have you ever witnessed anything that should be reported? Such as poor living conditions for children, elderly, or animals. Or illegal activity.If so, did you turn a blind eye or report it?
  • Should I focus on finding a title company before I start looking for deals?
  • I had a seller ask me to buy his house then rent it to them. Should I move on or accept?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 15, 2016

Michael Quarles cover whether or not Wholesaling Real Estate is Ethical and much more…

  • I’m finally at the level of hiring out people to place flyers on doors. What is the best way to track that they are actually doing it?
  • How do you control properties via subject-to or seller financing and then sell them? We have only figured out how to assign them or double close. Btw,we don’t currently have “cash” to close on these properties.
  • When you are cold calling leads, what hours do you typically call during?
  • I have a seller that I have built great rapport with over the phone but he is stuck on his very high price. He even told me a story about a guy that offered him something (around the range I’m thinking) and he went into how much a single brick costs and how many bricks were laid. It is obvious he has emotional ties to the property because he fixed it up himself. My question is, is it worth following up with him (over a series of months or years)? He isn’t motivated if he’s been sitting on it for 7 years right? Or maybe he’ll become motivated?
  • If someone were to ask you “Is wholesaling ethical” how would you respond?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 13, 2016

Michael Quarles answers a scenario question in today’s podcast, goes over what should be in your purchase agreement to buy a home, and much more…

Scenario Question:

  • I will be talking to a potential seller who responded to my direct mail. The seller will be relocating in a year (!), but because this relocation will come with a lot of other headaches, the seller is considering selling now, “if the price is right”, to make it less of a nightmare later on.  The seller is a single parent who also appears to have financial struggles.  I understand to make this deal most appealing, I would need to offer the seller to stay in this house for a year under a lease agreement. Other than that I am lacking any creative ideas (and experience) on what other options to offer to motivate the seller.Have you had experience with situations like this? Or if there is no urgency for the seller to sell immediately, this effort is unlikely to result in a deal?   

5 Questions Sent in by Real Estate Investors:

  • I am a real estate licensee and I am marketing to unlisted properties. Do I have to run my transactions to my broker?
  • What needs to be in contract to protect me and allow me to have an exit strategy?
  • I have been stalking a SFH that is ‘coming soon’ to market and so I called on it today.  It looks like a great property to rehab and rent out.  This will be my first deal and I was very excited about it until the realtor told me that another investor had come out to look at the property today and is making an all cash offer on the home.   How do I even compete with that? I cannot put down all cash (it would be mid $500k) so should I just forget about this deal and move on?   Are there any other strategies or angles I could use / take that would allow me to have a fighting chance if I threw my hat in the ring?
  • Have you ever had anyone get physical or violent with you when you are in the house making an offer?
  • I want to do a mailing campaign, but I cannot afford postage for my entire list. Can I deliver the letters to the address?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 10, 2016

Michael Quarles cover how to find business without a marketing budget and more…

  • If you have a hard to pronounce or long name, should you shorten it on themail piece?
  • How do you determine the “as-is” value of the house?
  • There is a house worth $180k. The seller may let it go for $140k. It’s tenant occupied and paying on time. I want to wholetail the property. Do I have to get an agent to list it on MLS?Can I advertise it as a turnkey property?
  • How do you find business without a marketing budget?
  • I negotiated a great deal with a seller who has an attorney reviewing my 2 page purchase agreement.  The seller wants the inspection clause taken out.I attempted to explain to him why it’s there but he wouldn’t budge. He mentioned he has other buyers interested and I don’t want to lose the deal.What would my risks be and should I move forward with the inspection clause removed?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 8, 2016

Michael Quarles answers a scenario question in today’s podcast. Michael goes over how to buy a property from a relative.

  • My wife’s aunt was over for dinner last night and she (knowing that I’m areal estate broker) asked me if I would be willing to sell her 4-plex that she owns here in Portland, Oregon.  After a short discussion, I asked her if she would sell it to me to which she responded “that’d be great!”We are going to get an appraisal to determine the value.  Once we have that number, I need to figure out how I’m going to purchase this thing.  I assume the appraised value will be between $500K – $550K and I don’t have 25% of that in cash.  She has $260K in bank financing. My question is, can I get a seller carried note in this situation with the bank debt in place?  Are there any other forms of creative financing that I should pursue?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 7, 2016

Michael Quarles covers how to analyze land to determine value and more.

  • How often should I re-evaluate my goals and set new ones?
  • How do I analyze Land to determine a value? Do I use comps?
  • I know you have a vanity phone number, but would it be worth it for someone to get a vanity number if I’m not a full time investor yet?
  • If there is an area I am interested in buying but it is a highly competitive market, should I avoid it or dive in?
  • Do I need to completely close on a property to wholetail?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
Jun 3, 2016

Michael Quarles covers buying a property that has multiple offers.

  • I recently got a call from a seller that wants to set up a time to discuss my offer, however, they told me that they are also meeting with a couple of other investors for the same reason. I have run the numbers for this property and there is a lot of potential for either a flip, or buy and hold situation and I am VERY interested.
  • Here are the numbers: Asking: $104,000 Calculated repairs/ upgrades: $39,000 ARV: $225,000 Average rent in area: $1,050 /month
  • How do I approach the situation so that I convince the seller to go with me over the other investors they are meeting with?

More Podcasts!

Listen to More Podcasts by Michael Quarles! – Click Here

Listen to Recorded Live Seller Calls! – Click Here

Listen to Interviews with Today’s Top Business Professionals! – Click Here

Tweetable

Share the Show

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

  1. Click this link – The Michael Quarles Real Estate Show
  2. Click on the ‘Subscribe’ button below the artwork
  3. Go to the ‘Ratings and Reviews’ section
  4. Click on ‘Write a Review’

Resources

  • Please send questions you would like Michael Quarles to answer to support@MichaelQuarles.com and he will answer them on one of his upcoming podcasts!
  • Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program
  • Yellow Letters – www.YellowLetters.com
  • Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131
  • Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131
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