As I was creating the first training video, I went through the EXACT same process I teach you live (and without prior research). And I just happened to use Austin as my local area search criteria. I wound up finding the domain “houseaustin.com”. Now, I know you’re probably thinking, “that sounds kind of stupid”, BUT, there are over 100,000 searches on that keyword term a month, and 40,500 on the specific phrase. Now, from an SEO standpoint and traffic standpoint, there’s some stuff we can surely do with it ;-).
I always have people that get bogged down or overwhelmed with some of the basic elements required to get websites up and running. So… I’ve gone ahead and put together 3 specific videos on: [Click to Read the Full Article…]
So, the past week has been a little shaky at best!
We had to move all of our company’s web servers to a new hosting account. I’ll save you all the technical details and leave it at this: if you’re ever changing websites and/or hosting accounts, HIRE IT OUT!
At any rate, there was an interesting experience that arose from going through the process of upgrading our servers. I felt frustrated and overwhelmed the whole time and was operating in a reactive state. More than once, I simply tried to cancel the upgrade and was determined to go to another company.
Real Estate Investing gurus have been peddling websites since the very beginning ranging anywhere from $30-40/month upwards of several $100 per month with sign up fees ranging from “waived with a one year contract” to “$3000+”.
And here’s the kicker, most of these sites are TERRIBLE.
Most of these real estate websites don’t do anything for the investor whatsoever. (Click Here to watch our recent training video on local real estate website traffic)
I can’t tell you how many people I know have bought these websites, spent thousands on them, and have never received so much as a single lead.
The problem is this… MOST of the people selling these real estate investor websites don’t actually know anything about driving real buyer and seller leads, letalone on a local level, which is (a) more effective, and (b) less expensive.
REO investing is moving faster than a speeding bullet!
Over the last few years, many areas throughout the country were flooded with foreclosures that sat on the market for 1, 2, even 3 years; finally forcing the banks to complete the foreclosure process and take the properties back…hence making them REOs.
If you haven’t yet added REOs to your investing business, you are really missing out on a huge goldmine that is just starting to gain momentum.
In order to be successful, however, it’s critical to begin finding buyers for a successful REO business.
You may have already seen this… but they’ve done an update which is PRETTY interesting!
Now, I don’t normally post YouTube videos and such, but this is one that I think we all need to pay attention to since it directly affects our business.
There’s more to this story and I’ve got quite a few “thoughts” on it myself (I actually went to Indymac Bank several years ago to discuss a loan. It had a prepayment penalty on it and we just thought we’d see if they could do anything BEFORE everything spun out of control). They literally refused to even speak to us. Sure, you can say that thy didn’t have to, the person had signed the note, and agreed to it.
That they did… but when everything hit the fan, they lost their house and wound up walking away. Had Indymac WORKED with them way before there was an issue, the homeowner would still have the house and the bank wouldn’t have had another bad debt.
But then again… maybe they had different motives ;-)
I’d love to know what you think about this and your thoughts… This is a GREAT discussion point and also can open a lot of doors for you to talk with homeowners and experts on the topic.
REO properties are proving to be the true deals in our current market. Why? The banks have already gone through the expensive foreclosure process and are simply looking to get rid of the property; which can be a very good thing for you.
One of the very best resources you can have to help you grow your REO investing business is an experienced REO Realtor. Below are 5 ways you can utilize REO Realtors to help not only grow your REO investing business, but also do a lot of the work for you [Click to Read the Full Article…]
With REO properties flooding the market, is it time for you to add them to your real estate investing business?
The simple answer is yes! The fact is, REO properties make up the majority of “REAL DEALS” in this market and you need to be taking advantage of this great opportunity.
Here are 5 reasons REO properties are the way to go!
Bank Has Already Taken Loss
First and foremost, if the property is an REO, then the bank has most likely already gone through a lengthy and expensive foreclosure process and hasn’t seen a nickel on the properties for the last 1 to 2 years. Long story short, they have already conceded and taken the majority of the loss. Their main focus now is to simply get rid of the property as quick as possible.
Part I of 9 (9 Ways to Find Buyers In Today’s Market)
In this series, we cover 9 effective ways to find buyers in TODAY’S Market.
Alright! I know you’ve heard about these little signs before! Some people hate them and other people swear by them! But, opinion doesn’t matter…. THEY WORK. PERIOD.
Unfortunately, most people only use bandit signs to find motivated sellers and neglect this inexpensive little tool entirely when it comes to finding buyers. I can tell you that we personally sell more than 35% of all of our properties on bandit signs alone. We actually use them about 75% of the time to fill our rental vacancies.
Last week, I was on a coaching call with one of our students… and the light bulb went off in my head. It was that “ah ha” moment. I finally really understood one of the 3 main reasons people are not successful in real estate: Not Taking Action. Truth is, it’s a huge cause for failure in lots of ‘biz opp’ strategies.
It’s what I’ve since defined as the “outsourcing virus”.
This student wanted to know what he could do to get money coming in NOW.
Here’s what got me thinking… and why so many people are struggling in their businesses.
The student I was talking to had invested tens of thousands of dollars in real estate courses, seminars, and systems. Yet, he was still struggling. (Do you know anyone like that?) Keep Reading
Is there any wonder that there are so many tired landlords out there? Dealing with tenants can be frustrating, time consuming, and costly…
Certainly, the majority of tenants are relatively “good” (but remember… they ARE renting and don’t have the same pride of ownership that owners have). Even so, there are a few really bad apples that can cause substantial damage to your properties and cause you a lot of unnecessary frustration.
The only real landlord protection is being proactive and not giving ANY wiggle room at any time. You will hear sob stories. You will be called names. Your tenants may even threaten to sue you (yes, they usually don’t have a single leg to stand on, but they will still threaten!).
When you’re a landlord, you’re ALWAYS the “defendant”!
