Every moderately experienced real estate investor knows that the best deals come from a motivated seller. The more motivated – even desperate they are, the greater the potential profit potential. In fact, if you are not dealing with a motivated seller you are 99.9% of the time just wasting your time. Just because a homeowner […]…
I was sharing this tip the other day with one of my personal clients, and he said: “Wow, I wish I had known this a couple years ago. I’d be in a lot different position right now.” So I thought I should share it with you too. You can use your rehabbing dollars to vastly […]…
At times it may feel overwhelming to move your real estate investing forward. You may even feel like it is impossible for you. You might even begin to think that only “other people” can be successful, but the decks are stacked against you. I’m here to tell you that is all a big bunch of […]…
A successful marketing campaign is the foundation of your business. Here are 5 keys to creating a successful marketing campaign: Define the best prospect pool. To whom will you market? If would be nice if every single person could receive your marketing message – but that is just not possible. You have to filter down […]…
The question so many ask about real estate investing is how much can you realistically make as an investor? If you listen to the hype and the marketing you’d conclude that you don’t have to do much, if any work; you don’t have to spend any money (other than for their course); and you’ll earn […]…
There still seems to be much confusion about hard money loans (HML) so I wanted to take a moment to clear that up. Let’s begin by defining a hard money lender. They understand that they are lending to real estate investors on dilapidated properties that require considerable work. The advantages are: They use the After […]…
In the last week I’ve had three different conversations about ethics and legalities as they pertain to real estate. The first adage that comes to mind of course is: “Just because it is legal doesn’t make it right.” Let’s separate these for a minute, and start with legalities. We as real estate investors pride ourselves […]…
This morning I was reviewing several deals with one of my mentoring clients. As we went through the list we came to one that he is purchasing to fix and flip. It’s an unusual deal already because he did a lease option on the property and has already been renovating the house before he purchased […]…
A huge fear for investors getting started in the business is actually making offers to purchase property. Of course, you can’t wholesale any houses if you never make any offers to buy and get them under contract. Is that your fear? Are you afraid to make offers? There are usually two reasons for this fear: […]…
I was recently consulting (actually I was consoling)with a real estate investor who just closed on a property using a hard money loan and realized at closing how much that loan had cost him in both hard costs and loss of cash flow. If you’re thinking of using a Hard Money Lender (HML), realize that […]…
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