Tag Archives: motivated sellers

Real Estate Investing Mistake #1: Farm Area

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When I first got started in real estate investing, I was the poster child for mistakes! The one thing I did PROPERLY was that I took action. And success favors the people that take action.

The key is to keep moving and not dwell on each individual real estate investing mistake that you make, especially early on! Just keep on going… and take a few minutes to figure out what the lesson was, add it to your knowledge and experience bank, and move on to the next!

In this article series, I’ve highlighted 17 real estate investing mistakes that I made early on and share with you what you can do to avoid making the same real estate investing mistakes I made…

The first mistake new real estate investors make is always thinking the grass is greener on the other side! That “another” market will have better deals, more motivated sellers, and more qualified buyers. Once your business is established with duplicatable systems in place, it can be easy to expand into additional markets. But in the beginning, stick with your targeted farm area. Continue reading →

7 Steps to Getting Started In Real Estate

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There are only 7 steps you need to master to be successful in real estate. If you fail to master any single step, you’re building your real estate business on a weak foundation. Wouldn’t you rather build your home on a rock-solid, unbreakable foundation?

Step #1: How To Set Your Business Up And Build Your Team

I defer to Napoleon Hill! If you look at people that have been successful in the past, a common thread is the people they are surrounded with. You need to build your team with the RIGHT people.

Remember, you get what you pay for! (To give you an idea Continue reading →

Don’t Make These Mistakes With Your LLC or Corporation

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A business entity can provide personal liability protection for its owners. The problem is that many people start business without proper instruction on how to run and manage agreements between parties, agreements with customers, internal paperwork, cash controls, voting rules, state and Federal reporting requirements and a host of other issues.

In fact, we have found between 20 to 25 actions, behaviors, or neglected tasks which commonly cause a business structure to be forfeited and can result in personal liability for the owner or owners.

Here are 5 of them:

#1. USING THE BUSINESS FOR FRAUDULENT ACTIVITIES: YOU CANNOT, SHOULD NOT, AND SHALL NOT USE YOUR BUSINESS TO CHEAT OR DEFRAUD: For example, John Smith gathers money from investors claiming that he will develop a new product for his company. Continue reading →

Bandit Signs to Wholesale Houses

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Bandit signs are highly effective when it comes to wholesaling houses. Lots of investors will use bandit signs to find motivated sellers, but few will use bandit signs to find buyers and sell property fast!

When using bandit signs to target buyers, here are some tips you can use to save time and money (We’ve spent thousands of dollars testing and tracking).

Types of Signs:
Use white or yellow 18×24 blank bandit signs. You’ll want to use the corrugated plastic ones that come with the metal stands. Continue reading →

Wholesale Your Way To Financial Freedom

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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 →

How to Find Real Estate Buyers

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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 →

Real Estate Trends Investors Need to Know

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If you’re serious about investing in real estate in the current market, you need to know what’s going on and stay on top of the real estate trends.

The bottom line is this: The business of real estate is changing at a lightening – and unprecedented – pace!

Never before in our industry history have we seen such rapid changes in, not only the market, but also in legislation, rules and regulations, technology and tools, and anything else you can think of for that matter.

Now don’t get me wrong, we have definitely seem some ups and downs in real estate over the years, but nothing like what we are seeing now industry-wide. It’s not just property values anymore that we’ve got to pay attention to. Continue reading →

Bandit Signs 2.0

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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.

There are some substantial benefits that bandit signs offer including: Continue reading →

Multiple Streams of Income

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With the recent economic crash felt ‘round the world, it’s never been more important to diversify. You need to introduce multiple streams of income… In other words, diversify your income streams… your investments… your businesses… It’s just how business is going to operate in the new decade.

You’ve got to have a number of ways to bring in money or you’re going to be left holding the bag one of these days.

Several years ago, the phrase “Multiple Streams of Income” gained significant popularity through seminars, events, and tele-trainings. The company essentially taught that there were 4 ways to make money:

  1. Real Estate Investing;
  2. Infopreneuring;
  3. Internet Marketing; and Continue reading →

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)