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Q: I want to make money in real estate, how do I get started?
So, you would like to start making $10,000 per month part time with no cash out of your pocket, no credit, and no risk? …sound impossible?
It’s not, not at all. In our opinion, far and away the absolute best way to get going in real estate is find great deals, lock ‘em up, and let other investors fix them and sell them retail or rent them out.
Why would you let them make most of the profit? Why not fix it yourself and make more? Mainly because you can do many more deals than a rehabber, you don’t have to babysit contractors and handymen, you don’t have to come up with a down payment or find a hard money lender, you don’t have to wait months to get paid, you run into no cash flow problems, (you get paid almost instantly).
…should I go on? Now, don’t get me wrong, fixing and selling is a great game, and one we’ve played for years. Still, there are few rehabbers-flippers Cindy and I know who didn’t get equity rich but cash poor at least once.
It happened to Cindy and I more than once, and it is extremely stressful, especially in a slow market.
Can you see how generating a stream of reliable income that doesn’t cost anything going out could really stabilize your cash flow and therefore your investing career? You better believe it!
So, Kurtis, how do I wholesale a deal to make a fast $10,000?
What we do is not rocket science. Every day we talk to bank brokers and hunt the foreclosure market for deals. We are not talking about short sales or people losing their homes, we are mostly talking about stinky, rotting houses in good areas that the bank can’t do anything with.
How did you build a list of over 2,000 hungry buyers?
We have to admit being on the front page of the LA Times, Inside Edition, Fox News, MSN Money, and Investor's Business Daily didn’t hurt anything, but don’t worry, you do not have to be in the news to start building your hungry buyer’s list. In fact, we already had hundreds of buyers on our list before we were ever in the media. Using the internet, you can start building up a list of interested buyers immediately. You must have a website.
Your site has two extremely important objectives, and only two. First, you must have a way to showcase your properties. How will you sell what you can’t show off? Second, you need a way to capture EVERY SINGLE BUYER that calls in or emails about a property on auto pilot.
The most obvious solution for this is a solid website…it does not have to be fancy- in fact, fancy can be worse because most clickers that come to your site have very short attention spans, if you don’t capture their information QUICKLY they will click right off your page!...and what are the chances of them coming back?.....let’s just say not great.
(…in facccttt, your site can be downright hideous! Our first sight was uncentered, ugly, the font didn’t match, and it was GRAY…but guess what? ..it still collected buyer’s names and emails better than more beautiful sites because it was SIMPLE and it told the buyers WHAT TO DO!)
So you MUST, MUST be able to grab their email address, and then they are yours to send whatever you like- namely more deals!! Does this make sense?
You also need a way to showcase your deals, so that your site becomes more “sticky”. By “sticky” we mean we want them to come to your site often looking for deals. Of course, even if they don’t, once you get their email address captured you can email them each time you find a new deal that sends them right to your deal page, and that will encourage them to return frequently!
Once you have a way to show off your deals and capture the information, then you need to drive hungry buyers to your site. There are many ways to do this: Google, direct mail, Craig’s List, Ebay, newspaper/print ads.
If you want MANY, MANY more FREE details about how to quickly build yourself a wholesaling machine go NOW to http://www.FlipForeclosuresForProfit.com!
How much of an “Assignment Fee” should I charge?
This totally depends on your deal…keep in mind risk vs. reward…risk should always be rewarded
For example, a property that is really torn up has more risk inherent because there is a greater chance that costs are more than expected, there is more room for error when estimating for repairs. Further, the added time it takes to fix it up creates time risk- uncertainty in the market, chances of vandalism, etc.
The area is also a factor. If the property is in very desirable area then the risk is less that the investors will be able to flip it or rent it.
So, you can see, your assignment fee should be directly related to what your investor gets. What should always be the case NO MATTER WHAT is that it needs to be a smoking hot deal for your investor!
Want MORE FREE good stuff?...go to FlipForeclosuresForProfit.com.
How do you get deals?
Making offers to banks is 90% of our deal finding method right now, but we do occasional postcards to absentee owners…that is another great way to generate deals, and you don’t have the same obstacles that you have with the bank like assignment limitations and having to show proof of funds.
If you have more questions about our operation we strongly encourage you to sign in to:
http://www.FlipForeclosuresForProfit.com
you will instantly get free video of Cindy and I in action, many tutorials, and you will become a member to our exclusive wholesaling club…don’t wait, go to
http://www.FlipForeclosuresForProfit.com and sign up now!
Other questions not covered here, please email us (support@FarBelowMarket.com) |
