Real Estate Investing: The Three Levels of Success

August 24th 2007 Posted to Getting Started, Interviews, Personal Thoughts

LevelsIf you’ve been investing in real estate for any length of time (or even if you’re just getting started), then you have undoubtedly faced frustration, hit some highs and then crashed into some lows! Ultimately, your goal as a real estate investor is most likely to generate immediate cash flow and long term wealth and increased net worth.

True financial success is achieved by combining these two elements - cash flow and wealth creation, or net worth. Cash flow is considered as the monetary profit that is earned every month to support your lifestyle. This can also be used to invest in assets that may later appreciate in value.

Three levels of real estate investors are as follows:

Level one Real Estate Investors - In this level, the investors learn the basic tricks of the real estate investment business, and they use it to make real estate investment a profitable venture. They learn this by making their initial deals profitable. Thus, Level One investors ensure that real estate is the path to economic success. They are aware that there is much to learn from this vast field, and they try to understand it. Real estate investors at this stage should spend time learning the business, evaluating the details of the deals, and make sound decisions. Often (more…)

Using Assumptive Language Patterns

June 20th 2007 Posted to Bill Twyford, General, Interviews, Negotiating, Short Sales

Bill TwyfordBy Bill Twyford

Having a firm grasp on language patterns will help you close more deals. In addition to using embedded commands, which are word groups that order you to do something, you must incorporate assumptive language patterns into your vocabulary. Assumptive language patterns assume the outcome of what you are asking.

When doing short sales you can ask the bank the same question, two different ways. Read both sentences and see which one you believe to be more assumptive:

  • Hi, my name is Bob and I was wondering, do you do short sales?
  • Hi, my name is Bob. I am working on a short sale for the property located at 123 Elm St. The loan number is #34777. Where do I need to fax my short sale package so that you can go ahead and get this deal approved?”

We are assuming the bank is going to say yes to our short sale, instead of wondering if they short sale at all.Let’s look at another example of assumptive language patterns you can use when speaking to homeowners:

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Embedded Commands

May 21st 2007 Posted to Foreclosures, General, Interviews, Negotiating, Short Sales

Bill Twyfordby Bill Twyford

The key to success is knowing how to communicate with others. Whether you are a real estate investor, work at a fast food restaurant, or are a doctor, without good communication skills people won’t like you. Have you ever met someone and didn’t like them, but didn’t know why you didn’t like them? They just “rubbed you the wrong way.” Subconsciously you did not like their communication skills. My goal is to teach you to master your communication skills so that you can have others eating out of the palm of your hand.

Sounds good, where do I begin? Embedded commands. What the heck are embedded commands? Embedded commands are patterns of language that bypass conscious reasoning and speak directly to the subconscious mind. Embedded commands influence people at the subconscious level. This allows you to direct people to take specific actions.

Our subconscious mind is in a constant search for patterns. Using one embedded command at a time is not a pattern. You have to basically, bombard your customer with command after command to get what you want. Our conversations have become so routine that our mind has virtually fallen asleep. Our subconscious mind runs on auto-pilot. (more…)

No Money Down Real Estate - Apartment Investing

May 01st 2007 Posted to General, Interviews, Multi Units, Real Estate Events, Real Estate Market

Anthony MinnutoAttend our Tuesday Tele-class where Anthony dispells the “Other People’s Money” myths and teaches you how to Create Passive Income For Life with No Money Down Apartment Buildings”

Dial In Date: February 12th, 2008
Call In Time: 9:00pm EST/8:00pm CST/7:00pm MST/6:00pm PST
Dial In Number: 218-486-3695 / Dial In Passcode: 464526#
Notes Sheet: Click Here

There are a lot of late night TV infomercials out there saying you can buy real estate using none of your own money or “other people’s money” but what they don’t tell you is that its up to you to go out and find someone who has money and convince them to lend their money to you… and if you don’t have any experience investing in commercial real estate, it’s highly unlikely you’ll be able to find someone willing to lend you their money for you to learn.

95% of Real Estate investors fail because they aren’t able to get enough private lenders. Most new investors are never even able to get their first private lender. (more…)