So Where are the Bargains At?
…Sources and ways to find deals that can make you money… Sources: Your Network – don’t forget to constantly network with whomever and whenever. Always have the “I’m in the hunt” mindset and take massive action. Your Marketing Machine – see Ways to Find below Realtors – investor-friendly seller or…
They’ll Probably Ask You…
In a previous post, I talked about the value of having investor-friendly real estate agents (Realtors) and how to qualify them. You’ll be asking them questions but be prepared for their questions too. Have these answers thought out and part of your script to guide the conversations to achieve your objective…
Use ’em or Lose ’em
Some things to keep in mind when dealing with realtors as an investor… Agents understand retail buyers but you’re not a retail buyer. Your an investor! Be prepared that not all agents are willing to work with investors. Agents can work for you (for free because they get paid by the seller)…
Build It and They Will Come…
A key to your success in rehabbing is finding deals that when fixed up will make you money. There are several methods to do this – most involve marketing yourself as a cash buyer looking for discounts. Why? Marketing drives your business of securing houses. Without houses to fix and…
7 Tips Making Your Real Estate Business Plan
1. Don’t get carried away with this exercise or spend months doing it. Don’t get into the paralysis by analysis syndrome. It should take you a week or two – maybe less than a week. 2. Make a first cut, revise it a few times, and get some input from…
Mark That One Down!
Part of building a rehabbing business plan is identifying the type of houses you are looking to fix and flip. Here are some steps to do that: 1) Determine your farm area or hunting ground by starting near where you live. Research nearby neighborhoods, subdivisions and zip codes where property…
By My Estimation…
How to quickly estimate the repair costs… …of a house you’re thinking of flipping profit. Master this skill so you can estimate repair costs (even without physically seeing it) so you can quickly decide if you have a good deal. With time and experience – you can accurately estimate. It’s…
You Can Do EET!!
Anyone can do this (real estate investing)…: …with the right approach – you don’t have to have your own money; do your own repairs; or build your own processes and systems – You just need the right approach and mindset. …with the right guidance (e.g., mentor or coach) – you…
Get Your Ducks in a Row
OK, so you bought your first (or second) ugly duckling house at a great discount! You’ve visualized it as a prince and calculated the after repair value (ARV). You’re excited about the profit when you sell it but wait… …there’s the rehab project to get done. Get your ducks in…
Your A Team…
… Building a winning team for your real estate investing business is key. Start building (or expanding) it today! Success depends on a team of experts Create leverage of time, knowledge, experience Use the Reciprocity Principle Your leadership – lead a high performance team Develop and build win-win relationships …