Sometimes it’s the small steps that add up to establishing yourself as the expert in your field. Whether it is short sales, wholesale, vacant land or any other niche of real estate that you choose, your success will increase exponentially if you can establish yourself as an authority, an expert, a trusted advisor in your field.
One small step you can take in that direction is by leaving comments on blogs that are related to the topic you choose, and here is a super tip for increasing your impact – without doing any more work or spending any more money….
Leave your comment to this video below, but go get your avatar image to show up as well. Here is a link to Gravatar. (It’s completely free, nothing to sell there…)
“How can I go about looking for a property for a buyer that I have on my list without being a licensed agent?” This is a question that I get a lot – and I notice a lot of different answers are given by experts, gurus, real estate agents etc.
First, let’s be very clear. Real Estate is an area of commerce that is far more regulated than many others. Only licensed real estate professionals are allowed to REPRESENT buyers and sellers in a real estate transaction.
In order to get involved in buying and selling real estate as an investor, and working with buyers and sellers to flip properties or assign contracts, you need to become a PRINCIPAL in the real estate transaction.
That means you need to be either the buyer, or the seller in the transaction, or you need to be affiliated with either the buyer or the seller by way of a partnership or joint venture agreement.
Now, I am not a licensed real estate professional, or practicing law or accounting, but from my personal experience I can share with you here.
Several methods of wholesaling are fairly well known and easy to do when you start with the property. You put the property under contract (you are the BUYER in this contract), then you find a buyer to assign the contract to (your buyer steps into your position as the buyer in your first contract), or sell the property immediately after you’ve closed on your purchase.
But how can you do this for an investor buyer who needs a property? I have used a simple joint venture agreement that has specific provisions for ending the JV at the time the property is purchased.
You could also just build your buyers list and then look for properties for YOU to buy that match your buyers’ buying criteria. Then you will still go through the same paperwork and deal structure as when you’re starting with the property.
Please let me know how you handle this and share your experiences by leaving a comment below! I really appreciate it!
By the way: I’m looking for a wholesale property of up to about $200,000 in a good rental area, LA or Orange County preferred. Could also be land, small units, or small commercial building…
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Please read this entire blog post
all the way through the last
link in the P.S.! I’m about
to open your eyes.
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The real estate market has been in a tailspin in most areas of the country for the better part of the past 40 months. Every other week I see numbers published that suggest that we’ve reached a bottom, and that now is the best time to buy.
The nationwide recession is cautiously expected to bottom out sometime this summer. Extreme states like California are expected (cautiously) to continue the decline until at least next spring.
More default mortgages are expected to hit the foreclosure stage. These are primarily loans on higher value homes. They are not “sub-prime” but adjustable rate and “neg-am” loans that were made to folks who had excellent credit and income (at least at the time…)
You may know most of this already, but it bears repeating.
Unemployment is at a generational high right now, and there is no real sign of improvement on the horizon yet. Let me ask you a question: Where are YOU going to be 12 months from today?
I get often asked “what is the best automated real estate system to get started and make money quickly?”
The answer is, it depends on YOU!
Maybe you’ve been sold too many dreams, bought into too many programs already, and still haven’t found what you’re looking for. Trust me – you are not alone! To be successful in real estate it takes disciplined, purposeful, targeted action like you would expect from any business.
There is no “push button” for this market, no matter what the gurus are telling you. If you don’t FOLLOW the steps to create your business, you will not get one. Yes, it is extremely important to build a business using “systems” so you don’t end up trying to do everything yourself. But there is no such thing as getting a replicated web site set up, sitting by the pool, and start doing deals in a few days.
Gee, I’m sorry if I put a wet blanket on your “enthusiasm”.
You know what I’m enthusiastic about? About success!
When you get into flip properties, you should know who your best buyers are so you can better target them and build a buyers list – even as you are only beginning to look for deals…
Free Training Video on Finding Buyers on Facebook – click here <== LINK!
When was the last time you’ve seen a true wholesale priced deal that had super-cheap financing already in place? Well, here is one of these rare chances…
Saint Charles Ln
Saint Ann, MO 63074
Centrally located in this desirable suburb of St Louis, MO, this home boasts 3 bedrooms and 2 baths on 1477 sf of living space. The ARV on Cyberhomes.com and zillow.com is around $110,000 ($108,000 on zillow, $113,000 on cyberhomes, with a range of $102,000 – $130,000)
Owner Financing
The financing requires a $500 monthly payment, with $250 “rent credit”. That’s a super low holding cost of only $250 per month for rehab.
This is your opportunity to snatch this deal for only $63,000 with only $3,000 down (assignment fee).
Reserve this great property no. Use the PayPal button below to make a deposit to hold of $1,000. The balance ($2,000) is due within 7 days. Sale is “as-is”. Do your due diligence before making a payment.
