There is a lot of information and even courses, seminars and boot camps out there on private money and I’m sure it’s because private money is one of the few sources where you can generate funds for your deals without having any previous credit, cash, income, job, debt ratio or anything like that. Private funds are very similar to hard money or rehab loans. The only difference is, instead of going through an institution or Read More
Newspaper Classified Ads In the bookmarks of my Ultimate Buying & Selling Machine home study course, there is a section called “newspapers” where you can go to the sources I have provided for you and find any local newspaper in the United States that has a web presence. That way you don’t have to buy the newspapers. With these bookmarks you can find any local newspaper and you’ll be able to save them right to Read More
There are many ways to fund your real estate deals. In this article, I’ll discuss just a few but I have included all of the ways in my Ultimate Buying & Selling Machine Home study course. Let’s take a look at a few of the ways. Business Partnerships: One of the creative ways to fund your real estate deals until you can actually qualify for financing is through partnerships. Just remember, if you’re partnering with Read More
There are many ways to close a deal. You probably won’t use all of these but it’s good to know the ways so you don’t miss a deal when it comes along. Assignment of Contract: The first and easiest way is an assignment. You won’t be able to do an assignment on every deal. Some sellers, especially banks or lenders and most realtors, won’t allow you to put an assignment clause in the contract. An Read More
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