Posted on 28 April 2010. Tags: Evaluating Deals, Flipping Houses, Rehabbing, Wholesaling
When you’re flipping houses, it’s critical to be able to evaluate deals quickly and effectively.
One of the most important characteristics of successful real estate investors is their ability to take fast – and massive – action. And the one thing that holds people back in real estate is FEAR of taking the wrong action! In the next step, I’ll cover how to create RISK FREE contracts 100% of the time that actually get accepted, so no worries there… but for now, understand that you have to be able to quickly evaluate deals or else someone else is going to snatch up all the really good deals before you have a fighting chance.
So, for right now, I’m going to cover Continue Reading
Posted in Getting Started, Rehabbing, Wholesaling
Posted on 28 March 2010. Tags: auction house, Buying House Auction, property investing. house selling, Sell Home Auction, Sell House Auction, Sell Your House At Auction, wholesale properties
One of the biggest keys to success with potential buyers in a buyers’ market is the perception that they are “getting a deal”. Using an auction, whether going through an auction house or conducting a silent, private, auction on your own is a great way to give potential homebuyers the perception of a great deal!
NOTE: Be sure to check with an attorney in your area to make sure that you have all of your legal requirement in place to protect yourself when you’re selling through a home auction.
If you were to poll a group of motivated homebuyers and ask them; what is the most important thing they are looking for in a purchase, you would think maybe it would be the number of bedrooms, square footage or location, when the reality is they just want to know they are getting a deal. Sure, the other criteria is “part” of the equation, but the “deal” is the clincher! Continue Reading
Posted in Sales & Marketing, Wholesaling
Posted on 26 March 2010. Tags: Property Video, Property Videos, Real Estate Video, Real Estate Videos
Real estate video is becoming more and more popular whether you’re talking about property videos or talking head videos to establish trust and credibility.
Now, we’re not talking about the Virtual Tours Realtors® were using in the late 90s and early 2000s. What I’m referring to here is creating real estate videos and posting them to sites like YouTube.com and Vimeo, among others.
With the increasing popularity of these types of sites, it’s impossible to deny the power of video, especially given research that shows between 84%-93% of all buyers start their search online! And of those, you increase your chances of buyers looking at YOUR property when you have a virtual tour, video or slide show. Continue Reading
Posted in Online Video, Sales & Marketing, Wholesaling
Posted on 22 March 2010. Tags: Find Buyers, Flip Home, Flipping Houses, To Flip A House, Wholesaling
When you’re flipping houses (aka wholesaling), aside from finding a motivated seller with equity, the most important piece of the puzzle is the ability to find buyers. Here’s a strategy that will show you how to sell a fixer upper (that you currently have under contract) THIS weekend!
This will work if you’ve got a property under contract that you need to wholesale OR if you’ve got a fixer upper you’ve already closed on and you simply need to find a buyer fast. In either case, we’re going to assume that you’ve got to find a buyer, and you’ve got to find a buyer FAST!
One of the most successful ways to flip a house is to hold an “event”. This type of event is going to be a little different Continue Reading
Posted in Sales & Marketing, Wholesaling
Posted on 20 March 2010. Tags: Flipping Houses, no money down real estate investing, wholesale real estate, Wholesaling Properties
Not sure if you have noticed but slowly and surely real estate markets across the country are picking themselves up from off the mat and starting to fight another round.
Admittedly, “heat wave” may be a little strong for the market as a whole but not for the investor markets. You see, investors have always played vital roles in all real estate markets and the “investor market” within the larger market will always be the first sign of where the train is really headed.
As for one of the tools helping to fuel this market, wholesaling properties is playing a critical role on the market resurgence and hopefully you’ve added this strategy to your business as it has several key advantages that are worth cashing in on. Continue Reading
Posted in Wholesaling
Posted on 19 March 2010. Tags: How to Sell Your Home, How to Sell Your House, Sell Your Home Fast, Sell Your House, Selling Your House
One of the biggest concerns investors and homeowners alike have in this market is how to sell your home fast… And it doesn’t matter if it’s your personal residence or an investment deal.
You can use this strategy to find a retail buyer for a house you’ve already rehabbed, a tenant-buyer for a lease option, or a straight renter to fill a vacancy. When I refer to the term “buyer” below, I’m referring to anyone that’s going to move into or take the property off of your hands.
Here are 5 Steps to Selling Your House Fast. Continue Reading
Posted in Sales & Marketing, Wholesaling
Posted on 18 March 2010. Tags: Flipping Houses, Flipping Real Estate, Wholesale Investing, Wholesaling
I have made a fortune wholesaling houses over the last 15 years and it remains to this day my favorite exit strategy. I can not even think of another strategy that provides the level of monthly cash flow – literally tens of thousands of dollars a month with limited time involvement and essentially no risk. The beauty of wholesaling is that you never purchase the property and you get paid on the front end of the transaction! These are quick transactions that take 30-45 days to close and get paid without putting any money or credit at risk. It’s fantastic!
Some would challenge whether this is still a viable strategy in this economy. It absolutely is. We are experiencing an unprecedented time in real estate: prices have tumbled; sellers are not just motivated – they are desperate to sell; the media brainwashes sellers to believe that they will never get a good price for their house; and we’re at the bottom of the market dip with values poised to appreciate again soon. Continue Reading
Posted in Wholesaling
Posted on 17 March 2010. Tags: Cash Buyers, How to Find Buyers for Real Estate, Investor Buyers, Real Estate Buyers, Sell My House
The key to selling a house in any market is finding the right buyer.
Just a few short years ago, buyers for real estate deals were crawling out of the woodwork, and finding motivated sellers was the challenge. Now, motivated sellers are a dime a dozen, and the challenge lies in how to find buyers for real estate.
In order to sell your property, the most important thing is to determine who the ideal buyer actually is. Now in this article, I’m not referring to the psychographics of buyers, but a specific “type” of buyer.
To find buyers for every real estate deal, you simply need to figure out which of the 5 types of real estate buyers your house most appeals: Continue Reading
Posted in Sales & Marketing, Wholesaling
Posted on 15 March 2010. Tags: Flipping Houses, flipping properties, Flipping Real Estate, Real Estate Investing, Wholesaling
Flipping properties – or wholesaling – is one of the fastest and easiest ways to get into real estate investing. Most people recommend you start with wholesaling because it’s the best way to get your feet wet with virtually no risk.
So, how does someone that’s brand new to real estate get started flipping properties (aka Wholesaling)?
Follow these 7 tips to start investing in real estate today:
#1. Look In Your Own Backyard
The grass is always greener in the other neighborhood, and it’s easy to keep looking for the “right” area. Continue Reading
Posted in Success, Wholesaling
Posted on 24 February 2010. Tags: Buyer List, Buyers, Real Deals, Real Estate Deal, Real Estate Investing, Real Estate Investor, Real Estate Investors, Real Estate Success, REO, REO Property
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.
Here are 5 fast ways you can find buyers to build your REO Buyer’s list. Continue Reading
Posted in Foreclosures & Short Sales, Wholesaling