Real Estate Investing
You don’t always need a weak market to make money on a short sale. visit http://www.alphatrends.net
Duration : 0:16:52
http://invesdoor.com/ Do You have a real estate investing business plan?
What if I Get Stuck in the Middle of a Deal? You may recall having said these very words! Have you ever been into a deal without clear vision of how to get it closed? Or maybe you’ve had a really great real estate investing business plan, but the unexpected struck and “threw you a curve ball” that you didn’t see coming? OK, relax. It happens to the best aspiring Entrepreneurs once in a while. What’s more, it has happened to me plenty of times!
What does having a Real Estate Investing Business Plan mean?
That’s what being an Entrepreneur is about. You will often find yourself blazing a new trail and it can get a little scary at times. Of course, in the real estate investment business, a “newbie” can really feel the pressure once the transaction is in contract and the “due diligence clock” starts ticking. You have a very limited time to get things in place before you must pull your last contingency and the pressure’s on.
A Real Estate Investing Business Plan starts with wholesaling
That’s why I am a strong advocate of working with a network and even on a team. In the real estate wholesaling business, it is possible to close a deal per week when you have all of your support systems lined up. Without the backup of a well-oiled team, you will find yourself caught up in the mundane tasks of your business rather than finding those golden opportunities known as those found in motivated Sellers….and Buyers.
Wholesaling in general, is a great way to break into real estate investing as it doesn’t require a lot of money or personal credit. That’s why my mentorship program contains a real estate business plan and starts with wholesaling so that my students have an opportunity to earn some money, get out of debt and start saving for their own transaction in which they will actually take title. The key here is volume. I call it “stuffing the pipeline” and that level of volume will likely only be reached with the aid of a team.
During the past year I have watched a number of Wholesalers go out of business…not willingly, but due to the fact that they couldn’t put all of the elements together in order to get an appreciable number of deals closed. They tried to do it solo probably without a good real estate investing business plan. I predict that wholesaling will present a tremendous opportunity for new Entrepreneurs for the next few years. Nevertheless, the competition will get much fiercer. I believe that, with few exceptions, those trying to do it all alone and without a real estate investing business plan will fall by the wayside and only those wholesaling companies who operate a synergistic private network will prevail.
Real Estate Investing Business Plan — Getting a Mentor
So, how will you avoid getting into a deal where there is no visible way out, having to possibly walk away from all of your hard work? Start by getting a Mentor, especially one who has a support staff. From my experience, the very best scenario is when the Mentor has a vested interest in his protégé’s success. In other words, as joint venture partners, both Mentor and Student work together toward a common goal.
Get Your Real Estate Investing Business Plan now!
http://invesdoor.com/
Duration : 0:4:25
http://www.REIClub.com – Working With Real Estate Agents Has Its Benefits.. Here’s A Quick Video On Why Real Estate Investors Should Work With A Real Estate Agent…
Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got quick video on the many benefits of working with real estate agents, also known as listing agents, sellers agents, and buyers agents….
Please keep in mind that not all Real Estate Agents are Realtors. Although those two terms are often used interchangeably, a Realtor is someone who has paid fees to join their state organization. Some licensed real estate agents might not have the information you need, but the more experienced real estate agents or Realtors will. .
Licensed Real Estate Agents Should have….
1) Access to Professionals
– Lists of contractors
– Access to Real Estate Brokers
– Access to Title Companies
– Lenders
– Insurance companies
– Etc.
2) Access to Listings/Paperwork/Comparables
– MLS – set up search criteria to get daily reminders
– First In Line – before they hit the MLS – when you build a good reputation with your Realtor, it is common that these deals come to you first.
– Purchase/Sale Agreements
– Lease Agreements
– Comparables and Market Analysis
3) Experience
– Negotiations – Title fees, offers, selling price
– How to accommodate their clients – filtering mls searches
– Answer questions about the market
– What hot, what’s not
– Hand hold you through the closing process
– Protection – Laws and Code Regulations
– Pricing Expertise
– Filling out paperwork
4) How to keep Real Estate Agents on your side?
– Double commissions – Buy and Sell an investment for you
– Bonus Incentives – House sold in 30-days extra $1000
– Exclusivity – allowing them to represent you in a specific area
Note: If you happen to work with an inexperienced real estate agent, don’t throw them to the wolves just yet. Sit down with them and tell them your goals, your investing strategy, and your needs. Remember, this is a process, it takes time to build an effective team.
As a real estate investor, there are many ways to find real estate investments on your own, but honestly, it is not a good use of your time. Licensed Real Estate Agents have access to a large database of helpful information that will save you tons of time and headache. If you are looking to take real estate investing seriously, recruiting real estate agents to be a part of your team is essential.
Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you’ll be automatically notified when we upload more quick video tips for you. Take care and good investing.
Duration : 0:5:41
According to RealtyTrac, bank-owned homes accounted for nearly one-third of all home sales from April to June. Jeff Glor reports.
Duration : 0:0:42
Read the transcript: http://to.pbs.org/mQ9n4s
The troubled U.S. housing market got some good news Tuesday with word that prices in four major cities are on the rise, but a full recovery still appears to be a long way off. Jeffrey Brown discusses why home sales remain “tepid” with Harvard Business School’s Nicolas Retsinas and Inside Mortgage Finance’s Guy Cecala.
Duration : 0:12:30