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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 →

Flipping Properties

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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. Continue reading →

Limited Liability Companies (LLCs): Avoiding Disasters, Mistakes and Confusion!

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By Darius M. Barazandeh, Attorney at Law / M.B.A.

I see it several times per day, everyday: An LLC disaster waiting to happen! No matter where I travel or with whom I speak, it’s clear that small to mid-sized business owners are not getting proper instruction on how to create, run, and maintain a ‘rock solid’ LLC. Did you or your attorney form your LLC? Are you now left with a stack of papers and confusion?

One comment that I repeatedly hear is, “Well, my attorney set it up for me two years ago…so everything is rock solid.” Usually, without much probing, I soon learn that little else has been done since then. I will typically find that even the attorney may have missed a few steps along the way! In fact, we have uncovered 24 mistakes/traps that LLC owners face all the time! Many of these mistakes are even made by attorneys, experienced business owners, and very talented people. So if you want to avoid disasters and create a ‘rock solid’ LLC…let’s get started!

While I can’t cover all 24 mistakes and traps in this article, let’s talk about the first 5 mistakes in some detail:

  1. The ‘Fatal Death’ Personal Liability Clause
    A handful of states have a strange option in their 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 →

Choosing Your Domain Name & Setting Up Hosting

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This was actually REALLY cool!

As I was creating the first training video, I went through the EXACT same process I teach you live (and without prior research). And I just happened to use Austin as my local area search criteria. I wound up finding the domain “houseaustin.com”. Now, I know you’re probably thinking, “that sounds kind of stupid”, BUT, there are over 100,000 searches on that keyword term a month, and 40,500 on the specific phrase. Now, from an SEO standpoint and traffic standpoint, there’s some stuff we can surely do with it ;-).

I always have people that get bogged down or overwhelmed with some of the basic elements required to get websites up and running. So… I’ve gone ahead and put together 3 specific videos on: Continue reading →

Video For Real Estate: Communication Is Key

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So, the past week has been a little shaky at best!

We had to move all of our company’s web servers to a new hosting account. I’ll save you all the technical details and leave it at this: if you’re ever changing websites and/or hosting accounts, HIRE IT OUT!

At any rate, there was an interesting experience that arose from going through the process of upgrading our servers. I felt frustrated and overwhelmed the whole time and was operating in a reactive state. More than once, I simply tried to cancel the upgrade and was determined to go to another company.

I didn’t know what had happened already. I didn’t know what to expect next. Continue reading →

Local Real Estate Investor Websites: Why You Need One…

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Real Estate Investing gurus have been peddling websites since the very beginning ranging anywhere from $30-40/month upwards of several $100 per month with sign up fees ranging from “waived with a one year contract” to “$3000+”.

And here’s the kicker, most of these sites are TERRIBLE.

Most of these real estate websites don’t do anything for the investor whatsoever. (Click Here to watch our recent training video on local real estate website traffic)

I can’t tell you how many people I know have bought these websites, spent thousands on them, and have never received so much as a single lead.

The problem is this… MOST of the people selling these real estate investor websites don’t actually know anything about driving real buyer and seller leads, letalone on a local level, which is (a) more effective, and (b) less expensive.

We’re going to focus on setting up a LOCAL real estate investor website Continue reading →

Finding Buyers for Real Estate Deals

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REO investing is moving faster than a speeding bullet!

Over the last few years, many areas throughout the country were flooded with foreclosures that sat on the market for 1, 2, even 3 years; finally forcing the banks to complete the foreclosure process and take the properties back…hence making them REOs.

If you haven’t yet added REOs to your investing business, you are really missing out on a huge goldmine that is just starting to gain momentum.

In order to be successful, however, it’s critical to begin finding buyers for a successful REO business.

Here are 5 fast ways you can find buyers to build your REO Buyer’s list. Continue reading →

Indymac, One West Bank, and FDIC

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You may have already seen this… but they’ve done an update which is PRETTY interesting!

Now, I don’t normally post YouTube videos and such, but this is one that I think we all need to pay attention to since it directly affects our business.

There’s more to this story and I’ve got quite a few “thoughts” on it myself (I actually went to Indymac Bank several years ago to discuss a loan. It had a prepayment penalty on it and we just thought we’d see if they could do anything BEFORE everything spun out of control). They literally refused to even speak to us. Sure, you can say that thy didn’t have to, the person had signed the note, and agreed to it.

That they did… but when everything hit the fan, they lost their house and wound up walking away. Had Indymac WORKED with them way before there was an issue, the homeowner would still have the house and the bank wouldn’t have had another bad debt.

But then again… maybe they had different motives 😉

I’d love to know what you think about this and your thoughts… This is a GREAT discussion point and also can open a lot of doors for you to talk with homeowners and experts on the topic.

5 Ways to Use Realtors for Your REO Investing Business

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REO properties are proving to be the true deals in our current market. Why? The banks have already gone through the expensive foreclosure process and are simply looking to get rid of the property; which can be a very good thing for you.

One of the very best resources you can have to help you grow your REO investing business is an experienced REO Realtor. Below are 5 ways you can utilize REO Realtors to help not only grow your REO investing business, but also do a lot of the work for you Continue reading →