Tag Archive | "flipping properties"

Flipping Properties

Flipping Properties

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. Read the full story

Posted in Success, WholesalingComments (1)

Must-Have Forms

Must-Have Forms

Here, you’ll find must-have forms that you can use when you’re speaking to sellers, evaluating deals, and working with other people in the business.

To download the forms, you’ll need to mouse over the link and “right-click” and “save as”

pdf Seller Call In Worksheet (Right Click & Save As)
pdf Property Selection Grid (Right Click & Save As)
pdf Marketing Tracking Sheet (Right Click & Save As)
pdf Evaluating Creative Financing (Right Click & Save As)
pdf Target Market Worksheet (Right Click & Save As)
pdf Standard Contract for Purchase & Sale (Right Click & Save As)
pdf Joint Venture Agreement (Right Click & Save As)
pdf Acquisition Spreadsheet (Right Click & Save As)
pdf Closing Process/Critical Dates (Right Click & Save As)
pdf Customary Closing Costs (Conventional) (Right Click & Save As)

Posted in Foreclosures & Short Sales, Getting Started, Rehabbing, Success, WholesalingComments Off

Finding the Right People

Finding the Right People

I just spent the last week with my “mastermind” team, or my network of people that help me grow our business. And while I was there, I lot of questions came up about referrals, partners, etc. Now, this wasn’t a “real estate” group per se, but we definitely share our resources.

On the plane home, I got to thinking about networking in real estate. There aren’t as many mastermind groups out there. Plus, the cost to enter can be out of reach for many (this one cost me $16,000). So, I thought that since we’re just getting going into 2008, now would be a great time to evaluate our businesses and who’s on our team. So, I decided to post this article..

Here’s a short list of people that you need in your real estate business:

… Accountants
… Attorneys
… Private Lenders
… Rehab Lenders Read the full story

Posted in Rehabbing, Success, WholesalingComments (2)

Abandoned Properties

Abandoned Properties

by Reggie Brooks

When I began my career as a real estate investor in 1985, I stumbled across a little known area of real estate that had the potential to make us a ton of money. This was an area of the market that went unnoticed by most people. This was the area of abandoned properties.

How To Profit From Abandoned Properties

You might pass these properties on a daily basis, but just never paid much attention to them. You could be passing up hundreds of thousands of dollars in profits! These are properties that the owner has walked away from for whatever reason. It could be a divorce situation, an illness, a death in the family, a job relocation, or any number of other reasons. Do we care why? Absolutely not! Don’t waste your energy trying to figure out why sellers do what sellers do. Read the full story

Posted in Getting Started, WholesalingComments (3)

Home sales forecast brighter in ’07

Home sales forecast brighter in ’07

Check out the article I got today from the Realtor association… Keep your eye out for some articles on the effects of the press on the real estate market!

WASHINGTON – March 12, 2007 – Anyone selling a home in the past year has likely suffered through some pretty stormy markets, but economists say a break in the clouds may be on the way.

That’s because since the highly anticipated “real estate bubble” began deflating in mid-2005, has been losing air for the past year and a half and may finally be out of air. And while some markets suffered through some deep slumps, forecasters are now predicting the worst may be over.

“It appears we are getting very close to bottom,” says David Lereah, chief economist for the National Association of Realtors.

Lereah is one of several economists who agree that sales data show the national existing home sales market is on the verge of regaining ground.
Read the full story

Posted in Foreclosures & Short Sales, WholesalingComments (0)


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