Before you start making offers, learn how to analyze a deal. Many Investors have multi-page spreadsheets that list the return on investment 15 years down the road. It lists every conceivable expense that could ever incur. If you need a calculator, it’s probably not a deal. If you are running these numbers to tell if it’s a deal, it’s not a deal. If somebody says, “I have a house and the after repaired value is Read More
I see a lot of investors that are just getting started in real estate and want to go full time from the start. They talk about quitting their good paying job so they can spend more time working on their investing career. I share their enthusiasm and I want to share some ideas with you to help you decide when the right time to go full time is. When you are full time you must Read More
With all of our marketing efforts, whether signs, ads in the newspaper or flyers, we have all the calls go to a special toll free number which goes to an answering service. In my Ultimate Buying & Selling Machine Course, I’ve included an answering service script for you to give your answering service. There’s no way I could create a machine to handle all of these calls that come in. I created the script for Read More
Although I often say that a short sale is a long buy there’s a lot of money to be made in doing short sales. If you focus on them, I’m sure you’ll become successful, but you’ll eventually get a seller that owes more than the property is worth and is behind in payments. In this situation, lenders are sometimes willing to accept less than the amount owed. Your first step is to obtain written authorization Read More
One thing you should use to promote your business is flyers. One of the key things about flyers is you don’t want to waste any part of it. If you’re buying houses, put that on one side and if you are also renting or selling houses, you want to put that on the other side. Don’t waste any of the flyer. Where can you put flyers? Place them at laundry mats, convenience stores, anywhere you Read More
The most important aspect of succeeding in your business and being able to sell your properties fast will be your database. This is because to be able to sell your properties fast you must have ready, able and willing buyers to sell to. I say it’s much easier to find a house for a buyer than it is to find a buyer for a house. Having said this, I want to share some methods of Read More
An Auto responder is just what it sounds like. Its software that automatically responds to e-mail that is sent to you or sent out when someone goes into your database. It can be set up as a single email response or multiple responses delivered at various intervals. The neat thing is it’s all automatic once you set it up. You can set up a response to an inquiry from your website or set up a Read More
This real estate investing thing can get pretty mind-boggling. Where do I start or if I have already started, where do I go from here. Do I go for a lease option, subject to, rehab, wholesale, long term rental, retail, etc? Then how do I fund the thing? Do I look for seller financing, hard money, private money, bank line of credit, relatives or partners (that’s a scary one), or just pay cash. Then you Read More
Has everyone heard about the three most important things in real estate investing? I think we all have. The first thing you hear when starting out is “location, location, location”! This is good to know especially if you are buying for long-term appreciation or you are looking for higher end or nice properties that you can lease option to tenant buyers or retail for cash. I want to share with you what I feel are Read More
Investing in real estate for the long term requires credit, unless you can pay all cash. Even if you could, there would come a time that the money would run out. Even the wealthiest and most sophisticated investors use credit. The better your credit score the better the rate, terms and higher loan to value (ltv) you can qualify for. With rates as low as they are you should be buying as many properties as Read More