Real Estate Investing | Real Estate Training | Property Investing | How to Invest In Real Estate

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 Read the full story

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 Read the full story

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. Read the full story

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

We have helped dozens of people all over the country save money and find solid deals through Realtors. We’ll personally screen each agent and speak with him/her on your behalf and help follow any deal through to closing.

Here’s What You Need to Do:

1. Download this form (Right click, Save as)
2. Fill out the form completely. (If there is any additional information that can help us, please provide that on a separate sheet of paper. The more specific and detailed you are, the better we will be able to match you to the right agents).
3. Fax it to (305) 675-4664. No fax cover is necessary. Please provide your name on each sheet that you are faxing in, however.

Once we’ve received the form, you’ll receive a follow up phone call to go over any details we may need and begin contacting agents on your behalf.

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”

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

“Do NOT Make Your Buyers Feel Like Hairy Monkeys!”
by R. Preston Ely

Times they are a changin’.

Whereas in 2005 finding a buyer for your wholesale deal was as easy as Alyssa Milano in Poison Ivy II, we are now faced with a much more challenging predicament. I have personally coined this annoying situation as “Reality.”

“Reality” sucks. We all know this. Normally I can effortlessly bend it to my will, but it’s actually putting up a pretty good fight this time. You see, what I want it to do is put things back the way they were a couple years ago. A couple years ago, if I so much as sneezed I would have rehabbers (buyers) lined up around the block thinking that was a secret signal that “the deal was in,” or something. Here’s a typical scenario from “back in the day” (which was a Wednesday by the way):

Rehabber #1: He sneezed. It’s on!

Rehabber #2: Oh hellz yeah. It probably has at least $9,000 of equity in it just like the last one. I’m paying cash.

Rehabber #37: You guys are idiots. He has a cold. It doesn’t mean anything (as he secretly shimmeys his way closer to me while butting everyone else in line).

Rehabber #1: How do you have that much cash?

Rehabber#2: I refinanced my house and pulled the equity out.

Duh. Where does anyone get money from these days? Idiot. I bought my house in 1999 for $125,000,and it just appraised for $750,000. I did a 125% LTV cash out re-fi with negative amortization at .0027% APR so my payment is only $1.75 a month. They wrote me a check for over $600,000. Cool huh? Have you seen my new boat?
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Everyone is looking for a foreclosure “deal” these days and there’s lots to choose from these days, but be careful… just because a property is in foreclosure, doesn’t necessarily mean it’s a “deal”. In fact, nowadays, it takes more time to sift through the leads to find the really good opportunities within the foreclosure market.

The more potential foreclosure properties you have to sift through, the higher your chances are for finding a deal.

The top 5 ways to finding foreclosures are:

1. Bandit Signs
   Bandit signs are plain white or yellow corrugated signs with metal stands that stick into the ground. You can find preprinted signs or you can buy plain signs and handwrite your message on the signs. Place them on corners of busy intersections or in neighborhoods in which you want to purchase a foreclosure home. Read the full story

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.
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