Tag Archives: real estate

Real Estate Investing Mistake #7: Not Having Joint Venture Agreements In Place

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Real estate investing is exciting when you’re just getting started. Real estate is all you can think about and all you can talk about. Your enthusiasm rubs off on others and you instantly start attracting people that want to lend money on for deals, partner with you on properties, joint venture with you on aspects of your business, etc.

The problem is that when you’re so excited, it’s hard to imagine anything EVER going wrong. Why would you need anything more than a handshake and verbal agreement?

Sure, you may be laughing as you read this, but you’ll see… when it comes time to putting a joint venture together, you’ll be eager to get moving along and you just might make this critical real estate investing mistake… and it COULD wind up costing you tens of thousands of dollars, friendships, and worse. 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 →

Finding Buyers: First Time Homebuyers

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The key to finding real estate buyers is knowing exactly who you’re trying to pinpoint. The biggest reason investors (and even Realtors®) have a hard time when it comes to finding real estate buyers is that they simply believe in the concept of casting the widest net and hoping for the best.

While this may seem the most logical way to find real estate buyers, it’s actually putting you at a disadvantage. You need to focus on a specific type of buyer so that you can speak directly to his/her wants and needs in the homebuying process.

There are dozens of “types” of real estate buyers our there, but for the sake of STAYING narrow, in this article, we’re going to focus on the first time home buyers. Continue reading →

’Talking Head’ Real Estate Videos

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Real estate videos are getting easier and easier to produce… and cheaper and cheaper to create. Most people are familiar with the virtual tour type of real estate video where you can see a 360 tour of the property.

However, the virtual tours of the 90s and early 2000s are getting outdated fast, not to mention, they distort the property.

In this article, we’re going to talk about a different kind of real estate video: The Talking Head. (For more information on property videos, see the article entitled “Real Estate Video to Find Buyers”). Continue reading →

Sell Your House At Auction

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One of the biggest keys to success with potential buyers in a buyers’ market is the perception that they are “getting a deal”. Using an auction, whether going through an auction house or conducting a silent, private, auction on your own is a great way to give potential homebuyers the perception of a great deal!

NOTE: Be sure to check with an attorney in your area to make sure that you have all of your legal requirement in place to protect yourself when you’re selling through a home auction.

If you were to poll a group of motivated homebuyers and ask them; what is the most important thing they are looking for in a purchase, you would think maybe it would be the number of bedrooms, square footage or location, when the reality is they just want to know they are getting a deal. Sure, the other criteria is “part” of the equation, but the “deal” is the clincher! Continue reading →

Real Estate Video to Find Buyers

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Real estate video is becoming more and more popular whether you’re talking about property videos or talking head videos to establish trust and credibility.

Now, we’re not talking about the Virtual Tours Realtors® were using in the late 90s and early 2000s. What I’m referring to here is creating real estate videos and posting them to sites like YouTube.com and Vimeo, among others.

With the increasing popularity of these types of sites, it’s impossible to deny the power of video, especially given research that shows between 84%-93% of all buyers start their search online! And of those, you increase your chances of buyers looking at YOUR property when you have a virtual tour, video or slide show. 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 →

Flipping Houses: How to Find Buyers

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When you’re flipping houses (aka wholesaling), aside from finding a motivated seller with equity, the most important piece of the puzzle is the ability to find buyers. Here’s a strategy that will show you how to sell a fixer upper (that you currently have under contract) THIS weekend!

This will work if you’ve got a property under contract that you need to wholesale OR if you’ve got a fixer upper you’ve already closed on and you simply need to find a buyer fast. In either case, we’re going to assume that you’ve got to find a buyer, and you’ve got to find a buyer FAST!

One of the most successful ways to flip a house is to hold an “event”. This type of event is going to be a little different Continue reading →

Free Property Websites

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There’s no doubt that to be successful in real estate you need a website, a property website, in particular if you’re looking to sell a deal. Property Websites are popping up all over the Internet and for good reason: They are an effective way to get people to view your properties as well as interact with potential buyers all over the world.

There are lots of companies and services that are selling websites for individual properties. You basically go and buy a domain name (i.e. 1234MainSt.com) and they allow you to use one of their templates and host the site for you.

Although this isn’t a “terrible” solution for a property website, it’s not the best alternative. You can get a property website that is more effective, better optimized, and less expensive. Continue reading →

Wholesale Heat Wave After the Coldest Winter?

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Not sure if you have noticed but slowly and surely real estate markets across the country are picking themselves up from off the mat and starting to fight another round.

Admittedly, “heat wave” may be a little strong for the market as a whole but not for the investor markets. You see, investors have always played vital roles in all real estate markets and the “investor market” within the larger market will always be the first sign of where the train is really headed.

As for one of the tools helping to fuel this market, wholesaling properties is playing a critical role on the market resurgence and hopefully you’ve added this strategy to your business as it has several key advantages that are worth cashing in on. Continue reading →