David Whisnant

David Whisnant

Dave Whisnant is an Atlanta investor/attorney who is dedicated to helping people land their first deals and create whatever level of success in real estate that they desire. After successfully building a real estate law practice, Dave walked away from it to focus on real estate when he saw the profits that his clients were making. Jumping in with both feet, he created a proprietary model that rocketed him to the top of Atlanta investors almost from day one. Dave is different than other investors in his single-minded quest to perfect a series of cutting-edge prospecting tactics to locate and then land motivated sellers who other investors are not even aware of. A master investor AND teacher, Dave's precise and easily duplicated systems have been successfully implemented by his students around the country in competitive markets of ALL kinds. He believes in freely sharing his expertise and information for the benefit of anyone who is serious about succeeding, and believes that his techniques will create more success stories per student than any other real estate investing coach in the world in 2006. Real estate investing has enabled Dave to have the freedom that enables him to spend time with his two young daughters, wife, and "herd" of golden retrievers.

    David Whisnant's Articles

    • Writing Offers That Get Accepted

      Some Sellers are so eager to be rid of their property, or so ignorant of its value, that they put a sign out in the yard asking far less than the real worth of the property. In this type of situation, several offers WILL rush in. Many will be from investors, some from people looking for a personal home.Your offer must be written and constructed in such a way that it will be accepted. By carefully writing your offer, and thinking about how it will be perceived by your buyer, you can often end up with the property at the…

    • Why You Should Know About FHA Lending Limits

      The subject of this article is very important to the investor who wants his rehabs or flips to have the largest possible pool of potential buyers. While I do invest in houses of all price ranges, I have found it easier and faster to sell homes that fall within the FHA lending limits.FHA loans are designed (and guaranteed by our government) to encourage home ownership for buyers with limited financial resources and often imperfect credit. There are several programs floating around that will actually let you get into a house with an FHA loan for nothing down. Again, I want…

    • The Average Appraisal and the Flip

      One of the strategies that is in almost every real estate course involves finding a torn-up and ugly property at a cheap price, pay someone $300 to clean out the personal belongings of the prior owners (if you even do that much), and then resell it to a homeowner as a “fixer-upper” with little or no work. This type of deal seems to benefit everyone. You get a nice quick profit, and your buyer gets the house for a good price.We love flips, and we’ve done many. However, you should be aware of a potential hurdle that you have to…

    • Tax Savvy Investing – 1031 Tax-Deferred Exchanges

      This article is meant to be an introduction on the topic of performing tax-deferred exchanges. There are a number of legal hoops that the IRS makes you jump through to complete a tax-deferred exchange, but they are actually not that complicated once you study up on them a bit.A tax deferred exchange allows us to sell a piece of investment (i.e. rental), trade or business property, buy a new property with the gain or profit from the sale, and not owe taxes on the sale immediately. If you eventually sell the new piece of property, you would owe taxes at…

    • Rehab Scheduling Part II

      The next subcontractor is the sheetrock man, who will come in to skim and repair any walls that are in poor condition. I typically schedule him for one week after the electrician and plumber told me that they would be done. He may hang some new sheetrock, or skim areas that are heavily abused. Many of the houses we rehab are in bad shape, and there usually is a good deal of work to be done on the walls. Make sure that absolutely no jacking is going on underneath the house when you reach the sheetrock stage. This jacking can…

    • Rehab Scheduling Part I

      One of the most common questions new investors have is — “Once I have a property, and once you have found and identified the subs you want to use (covered in my course), how should I go about scheduling the job?” We’ve probably all seen rehab jobs that seem to take forever. I pride myself in getting my jobs done faster than just about any other local investor I can think of. This takes no special abilities, only some solid planning before you begin work. If you take a year to get each house done, and I’ve seen some take…

    • Real Estate Owned (REO) Foreclosures and VA/HUD Properties

      REO Properties, as I am sure you know, are properties that are owned by banks. The primary reason that they are owned by a lender is that they were foreclosed on and there were no bidders at the foreclosure sale, thus the lender took them back. VA/HUD Auction Properties are properties that had loans backed with VA or a HUD guarantee. Those loans were foreclosed on, with no successful bidder at foreclosure, and the property thus reverted back to the VA or to HUD.Generally, the easier it is to find a deal, the higher the price you will pay. The…

    • Real Estate Negotiation – When It All Falls Apart

      One thing that is not covered in much depth by many real estate courses is what to do when you just can’t reach a deal with a seller. Sometimes, you know that you will not be able to. If they have a pretty house in a nice area, and they are not in financial trouble and understand what they have, your odds of doing a deal on that property are low. This is true no matter how long you follow up with them.The deals that really hurt are ones that get away where you know that the seller should sell…

    • Real Estate Investment 101 – Building Face-to-Face Rapport With Your Seller

      One of the most common real estate investing concerns that the new investor has is, “What will I do or say initially when I actually get over to a seller’s house?” This is new territory in the beginning for most new investors. With the right training, most people can take the first steps of finding the area to invest in, determining market values, determining who in their area to use for financing, and mastering their public records system without much pain. When it comes to talking to sellers, however, many first-time or new investors feel pressure, and fear. Eventually, this…

    • Pocket Listings – Be an Insider and Profit

      One of the most frustrating things early in my real estate investing career was to see a “For Sale” sign go up on a listed piece of property, call the agent that same day, and hear that the property went under contract the day before the sign was even put out. Furthermore, these deals were often great ones that I would have snapped up given the chance.What is really going on here is that the agent obtains a “fixer-upper” listing. The agent then “pockets” the listing, offering it to a few insider investor clients. One of these investors sweeps it…

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