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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: October, 2016
Oct 24, 2016

Michael Quarles covers whether or not you should deal with a Seller that has multiple properties to sell, and more…

  • When someone wants to sell more than one property at the same time do you set both for the same closing date or do you put them at different closing dates and why?
  • When purchasing a property from an elderly person that’s open to seller financing, do you consider them passing away and how do you structure that in your purchase agreements?
  • Would your 6 page purchase agreement work for someone that is looking to sell a commercial building?
  • I have someone that is looking to sell 6 single family town homes and they are open to seller financing, as long as I put 50% down. Can I structure it where I am able to sell each individual unit as long as I’m paying them their monthly payments?
  • Donald Trump is a real estate billionaire. Is voting for him as president beneficial to my real estate investing company? Trump or Hillary?

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
Oct 19, 2016

Michael Quarles covers whether or not the seller should sign anything other than the Initial Contract, and more…

  • Besides having the contract signed by the seller, what other forms do I need to get the seller to sign whenever they sign the initial contract?
  • So once I have a house under contract, what does the conversation look like as I explain to the seller what the next steps are going to be in the process?
  • Michael can you address this question, but I find it helpful to study the extremes to determine what the average is in any population, can you describe the habits and processes of the top 5% and bottom 5% of your coaching clients?  I think the answer would be helpful to those of us who are trying to determining a vision for our future business.  My assumption of success would be that the top 5% of students are doing a high-quantity of deals versus the bottom 5%.
  • How do you respond to a seller that accuses you of being unethical after finding out that you made $20,000 after reselling their house?
  • What marketing pieces are you promoting now?

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
Oct 17, 2016

Michael Quarles covers what you should look for while doing a Market Analysis, and more…

  • When doing the market analysis are there any guidelines or benchmarks to know if the market being analyzed is a good market.  For example, is 128 average days on market good, bad or in different?  Are many pre-foreclosures and REOs good, bad or indifferent and so on and so forth.  How much is too much?  Are there preferred targets?
  • Can you ask Michael what he would suggest for the following situation:
    I have a property under contract that has nuisance liens and unpaid taxes totaling $6,500. It requires a Quiet Title Action which would cost $500-$1,500 and take 2 months. The Seller just wants to Quit Claim it to me. The BPO report shows a 30-day As-Is sales price of $14,900.
  • Can you explain passive vs dealer status? Is this only a tax thing? Does this mean if I have rentals in my name I can’t also do flips in my personal name?
  • The seller needs the money to go buy a trailer house, but then won’t have anywhere to stay.  My question is how could I best use sub to in this scenario so I can avoid the extra costs of transactional funding?  I think sub to would be the way to go and the contract would stay when i close i my side that the proceeds pay off the mortgage.So lets say we close within 30-45 days, would you do a weekly lease for 1 month?  I would think that might hurt my ability to sell it and I am worried if he wouldn’t move out and we might have an eviction on our hands.

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
Oct 14, 2016

Michael Quarles covers whether or not you should release the Purchase and Sales Agreement to the Appraiser, and more…

  • I believe it was during your 8-1-16 Contract Review Discussion where you said that when you order an appraisal that the appraiser would ask for the P&S agreement. You stated that you would NEVER give it to him, why?Is it because it would affect his opinion on value? 
  • I had a question in regards to Wholetailing. Simply put, why would a real estate investor purchase a wholetail? If the fair market value of property is worth $200K, and you purchase it for $140K using seller financing, how can you resell it to an investor? I understand you would make $60K on the deal but how would the investor make money?
  • What if you tie up a property and set it up as a wholetail deal and list it on MLS, and then you can’t sell it? Do you cancel the deal with the seller? Do you close on it?
  • Why do you order a BPO and what exactly is it?
  • What is one thing I could do today to help buy a house?

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
Oct 12, 2016

Michael Quarles covers whether or not you should terminate an unprofitable deal that is under contract, and more…

  • For Investors who aren’t Real Estate Agents or Brokers should they sell on the MLS or find cash buyers?
  • How do you determine whether or not you should Rehab or Wholetail?
  • When you’re doing your due diligence before buying a house and you have an inspection done, you have to disclose all of your results to the next buyer correct?
  • With the Alex System what happens when they don’t get connected with the seller at all?
  • How do you kick the unprofitable deal under contract to the curb? How would that conversation go? A release of contract, or would you share the lead with the Realtor?

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
Oct 5, 2016

Michael Quarles covers how to find sellers in strong markets, and more…

  • When Whotailing. Would you put on your property description, “Asking $100,000 worth$200,000? If not, why not?
  • My city is a very hot market and it is very competitive. Some neighborhoods are white hot, with people buying house to bulldoze them and build new. I know one guy that is sending 2000 pieces per month to a 2 block square. Many others flood those homeowners as well. Does it make sense to get it into the mix with so much competition, or should I concentrate on areas that are only red hot a couple miles away, where there is less competition?
  • I know many of the deals we’ll get is from follow up and I also know that follow up is at 15 days, 30, 60 and 90 days.  My questions about follow up are:What type of follow up do you perform?  Phone call, text email?  Since you are cluster marketing you will be hitting them every 4 weeks for the next six months but I would like to understand this better?What is the script for such follow up?
  • If Wholesaling is buying low and selling low and Wholetailing is buying low and selling high, why would anyone bother wholesaling if you’ll make much less?
  • I want to start a campaign locally where i live, but am concerned it might not be the right market. We are in a very strong seller market here, multiple offers on the MLS listings and sale way above asking price. Seems like it would be difficult to find motivated sellers in these conditions especially for whole tailing?

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
Oct 3, 2016

Michael Quarles covers how to figure seller costs when putting deals together, and more…

  • 1. Logic Questions 1) Why do the two Sheets run each variable oppositely? 2) What is the logic behind the variable weighting in Sheet 2? 3) The weighted variables of Sheet 2 account for 50% of the total ranking, and unweighted variables from Sheet 1 account for 50%. What is the logic for this?
  • 2. On the contract call yesterday Michael mentioned he does not do CMAs, 7 data points etc,until after a contract is signed with the seller. Then if the BPO looks good he will open escrow. My question is what do we tell the seller during the presentation regarding the date we will open escrow? Do we say I will need a few days to investigate then I will contact you about opening escrow?
  • 3. When adding up the 5 months of costs that build up for the seller, do we only use two months here if our days on market average is two months? I am not understanding why we would subtract their monthly costs during the escrow period also if the seller is still paying their monthly mortgage during that time and not us.
  • 4. When doing a ‘Subject To’ with a purchase at 5 years, does the seller receive the money paid towards the principal over the 5 years? For Ex. The owner has a balance of $100,000 at the time of the contract. Five years later when you are ready to sell their property, the principal is now $75,000. Does the owner receive the extra $25K that was payed down over the term?
  • 5. If a seller says they owe $71,000 on their mortgage and are the amount of arrearage is$4,500, is the total payoff $75,500? Or is the amount of arrearage part of the $71,000?

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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