“Many people are approaching life from the flawed premise that if they work hard and struggle long and pay a big enough price, they will then be rewarded with financial well-being. And, they do not realize that in their struggle, they are denying themselves alignment with the [...]Flipping Houses: “What Do I Say When They Call?” is a post from: Real Estate Investing Blog For Real Estate Investors.Read the full post here... … [Read more...]
Are Your Real Estate Goals, Actually Goals?
September 1, 2012 By Leave a Comment
Are Your Real Estate Goals, Actually Goals? Goals.I think the first time I learned about goals was sometime in elementary school. We’ve all heard of them. We all know what they are. We all know how to set them… but do we really?I found in myself that as I grew older and got into the ‘real world’, my goal setting practices never grew with me. Instead, they stayed back in the pleasant little “I have no worry” land of elementary/middle school. The way we are taught originally … [Read more...]
A Flipper’s Best Friend? The Real Estate Wholesaler
August 24, 2012 By Leave a Comment
A Flipper’s Best Friend? The Real Estate Wholesaler If you’ve read any of my other articles, you know I’m a believer in doing whatever you can to make the most efficient use of your time; which, in return, creates the maximum amount of freedom possible (the end goal for the majority of people getting into real estate). For the flippers out there, the one “to do” item on your daily checklist that never disappears should be:Find a Wholesaler.As far as I’m concerned, a wholesaler is … [Read more...]
Wholesaling Real Estate: 3 on 3 Interview Series
August 18, 2012 By Leave a Comment
Wholesaling Real Estate: 3 on 3 Interview Series Wholesaling is the real estate strategy of choice for many new real estate investors because it is perceived as an easy business to start with little or no capital and minimal experience. Unfortunately, there are a lot of misconceptions regarding wholesaling and most people who attempt to wholesale fail to be profitable. However, if done properly and with the necessary education, wholesaling can be a very prosperous business.To help clear up … [Read more...]
Investors: Be Careful of Misplaced Motivation!
July 20, 2012 By Leave a Comment
Investors: Be Careful of Misplaced Motivation!I’m sure many of you have heard the cliche’ saying, practice makes perfect.It’s a great saying, but sorry to say, is 100% wrong. I don’t remember where or how long ago, but I remember someone telling me that which caused the “huh?!?!” type expression on my face.This person then said, perfect practice makes perfect.After soaking it in, things finally clicked, “Ahhhhhh! That makes sense.” What benefit is the practice if you aren’t … [Read more...]
The Choice: Making Money Wholesaling vs Getting Your Real Estate License
July 10, 2012 By Leave a Comment
The Choice: Making Money Wholesaling vs Getting Your Real Estate LicenseThe conversation can get quite “lively” when you put Realtors in a room with a group of real estate investors, especially if those Realtors aren’t investors themselves. And, this is just exactly what happened to me on the 4th of July. Inevitably we end up discussing folks that get their real estate license and the “other group of people” that work in the business as real estate investors.I went to a celebration on … [Read more...]
The Unsustainable Wholesaling Business Model
June 21, 2012 By Leave a Comment
The Unsustainable Wholesaling Business ModelIt all started with a simple question. BiggerPockets.com founder Joshua Dorkin sent me an email with a link to the BiggerPockets property directory. It contained several wholesale listings in Phoenix. Joshua asked, “can you check them for me?”After searching the Arizona Regional Multiple Listing Service and tax records I didn’t find anything out of the ordinary. The person that posted these listings didn’t own any of the properties, but … [Read more...]
Our Flipping Journey: Taking a Property From Ugly to Pretty
June 1, 2012 By Leave a Comment
Our Flipping Journey: Taking a Property From Ugly to PrettyI hate textbooks.Don’t get me wrong, I have used them and when needed will still pay a few dollars for one on Amazon or eBay, but for the most part, I find them pretty worthless. Why? Simply put, because everything is always displayed in “perfect world” conditions. As is the case in any business, but even more-so in real estate, these textbook conditions just don’t exist.Instead of just complain about it, I’m going to take … [Read more...]
How The Economy Is Effecting Landlords & Wholesalers In 2012
February 11, 2012 By Leave a Comment
How The Economy Is Effecting Landlords & Wholesalers In 2012It’s easy to understand that unemployed people aren’t buying houses, thus depriving demand within the real estate market. However, the entire cycle is far more pervasive, and merits a closer look and how it effects your real estate business.These unemployed people often stop paying their mortgage, their rent, their auto loans, their [...]Read the full post here... … [Read more...]
The Perfect Wholesaling Email to Send to Investor Buyers
February 2, 2012 By Leave a Comment
Wholesaling has always been a go-to strategy for creating quick cash in real estate. Wholesaling has two main components; (1) a great deal and (2) an investor buyer. Most trainings on this subject focus on finding great deals and building an investor buyers list. Both are important skills to develop. However, many wholesalers make a huge mistake once they have an excellent deal to flip and a big list of hungry investor buyers ... they market the deal wrong! In this training tip, you're … [Read more...]
What Every New Real Estate Investor Should Know
January 13, 2012 By Leave a Comment
What Every New Real Estate Investor Should KnowIf you’re just starting out in real estate investing here are two things you must determine: Your income goal, Your exit strategy This morning as I sat staring blankly at my computer screen the phone rang. It was Monty, a Bigger Pockets reader. He’s about to retire after 30 years of military service and wants to get into real estate investing. Now this is a really tired cliché, but I explained to Monty he should begin with the end in … [Read more...]
How To Avoid Loosing Wholesale Deals
December 28, 2011 By Leave a Comment
How To Avoid Loosing Wholesale DealsA fellow I know got a great property under contract, found a buyer for his wholesale deal and was looking to make a quick $10,000 on the deal. However, he made a few mistakes along the way which almost cost him the deal and I want to show you how to avoid them.Read the full post here... … [Read more...]
Growing Your Real Estate Investing Business
December 26, 2011 By Leave a Comment
Growing your real estate investing business is certainly about doing the work that it takes. But it is also about being crystal clear about where you want to go. You won’t get there no matter how much work you put in, if you don’t have a clear vision of exactly what you want your business to be. What do you want your business to look like in one year? In five years?Once you have answered these questions, you can begin to craft a plan to get there.Where do I start? What is your grand vision … [Read more...]
Steps Involved for Growing Your Real Estate Investing Business
December 26, 2011 By Leave a Comment
Steps Involved for Growing Your Real Estate Investing BusinessGrowing your real estate investing business whether you are a rehabber or landlord is certainly about doing the work that it takes. But it is also about being crystal clear about where you want to go. You won’t get there no matter how much work you put in, if you don’t have a clear vision of exactly what you want your business to be. What do you want your business to look like in one year? In five years?Once you have answered … [Read more...]
Finding Cash Real Estate Buyers To Succeed in Wholesaling
December 18, 2011 By Leave a Comment
Finding Cash Real Estate Buyers To Succeed in WholesalingCalling all real estate wholesalers and flippers! Building a responsive Real Estate buyers list is hands down the best way to succeed in wholesaling. When those buyers have cash – whoa Nellie!Here’s a simple 5-step method guaranteed to build you a FREE list of cash buyers:1. Search the MLS (you or someone that has access such as a Realtor, appraiser or friend) for properties that have the words “Cash Only”, “Cash Offer” or … [Read more...]
Real Estate Closings For Wholesale Property Deals
October 27, 2011 By Leave a Comment
Real Estate Closings For Wholesale Property DealsWhat Happens During Real Estate Closingson your Wholesale Property? Here Are A Few Tips On Closing Real Estate As a Wholesaler…Real Estate Closing – Real Estate Closings For Wholesale Property Deals is a post from: Real Estate Investing Blog For Real Estate InvestorsReal Estate Closing – Real Estate Closings For Wholesale Property Deals is a post from: Real Estate Investing Blog For Real Estate Investors.Read the full post here... … [Read more...]
Finding Real Buyers for Your Wholesale Deals
October 27, 2011 By Leave a Comment
Finding Real Buyers for Your Wholesale DealsMany new investors start out wholesaling, and that’s the smart thing to do to quickly build up some cash reserves; however, it doesn’t matter if you know how to get your phone to ring off the hook from motivated sellers or if you’re a master at getting properties under contract, if you don’t know how to find a buyer to assign the deal to. What are the best ways to find buyers? First, go to your local REIA meetings and network. When I first … [Read more...]
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