Real Estate Wholesaling Made Simple

Our school system is turning out credit flunkies. We need to start educating our kids about credit. Think about it for a moment. When was the last time you used the pythagorean theorem, or that you had to know the area of a circle. This is the stuff that our school systems are teaching our kids to prepare them for life after high school. Chemistry, do not even get me started with that! I know about two things from having three semesters of chemistry. H2O is water, and sodium blows up when you put it in H20. Three semesters of my time to learn something that I could have done without.

I would like to see our schools teach children about credit, the time value of money, and how to invest wisely. Instead, the life a college freshman looks something like this:

Day 1- Arrive on campus only to be bombarded with credit card offers. The clever freshmen unknowingly decides to give up their credit for a free coffee mug with the university logo on it.

30 days later-The bill arrives for the fake money. The clever freshman decides to rebel because there are no parents around anyway, nobody can make them pay.

60 days later-Another bill arrives this time with a note stating that there will be a $80 fee, and that they may be sent to collections. The clever graduates blows off the whole thing in one last rebellion against the society that has held them back for so long.

Eric Medemar is a Investor/Wholesaler from Grand Rapids, MI. Eric is the author of The Ultimate Real Estate Bird Dog System, a great way to start earning while learning real estate investing. Eric has several other real estate courses available on line including Real estate wholesaling 101 an introduction to wholesaling real estate, or check out Eric’s blog at The Real estate wholesaling Guide

For a limited amount of time I will be allowing newbie real estate investors to test drive my all new Real Estate Bird Dog Course for the low price of $4.83 Check out all that you get visit http://www.birddogbiz.com/ and email me at birddogbiz@yahoo.com for more details.

• 3 tips on insulating yourself from RISK
• Top 14 ways to avoid most investor’s Pit Falls
• Five ways to UNLOCK your Earning potentail
• 11 Ways to get your buyers list overflowing in 8 days
• 7 Insider secrets of Real Estate Bird dogging
• Nine Stupid Reasons that Most investors Fail
• #1 Way to NEVER miss a Pay check from a seller
• Top 4 things that will determine how fast you’ll get paid
• 2 Things that will make you the WALMART of Real Estate
• 14 Reasons Sellers will BEG you to sell their property
• 9 Reasons Why you Don’t Need a real estate license
• Quick Start Bird Dogging. Start Making Cash in Days
• 4 Ways of immediately sizing up a buyer
• #1 Phrase you must use with any buyer or seller

Real estate bird dogging is one of the best ways that I have ever found to learn real estate investing. You are essentially getting paid to learn how to real estate invest

View details about the test drive at www.BirdDogBiz.com

FREE Real Estate Bird Dog Article

One of the problems faced by many newbies (new investors) in the real estate business is lack of confidence. Confidence cannot be built without doing the activity that you are trying to build confidence in. This presents a problem with most people because real estate is not something that you can just practice, you cannot practice buying a house, or practice selling it. You could pretend to buy houses I guess, or pretend to sell houses, but pretending is for kids. This is where real estate bird-dogging comes into play. It gives you a reason to practice, you get paid. Now if money won’t make you practice then nothing will.

Instead of not getting paid for all those hours spent learning the market, you could be making thousands. I cannot think of a better way to learn real estate than getting out and looking for good deals, then finding good deals and showing them to buyers, who pay you for your services. Then after the buyers close you can follow the progress of the home and see if you made a good decision or not. The best part is that during your practice, even if you made a not so great decision you still get paid, and you do not lose a penny.

I started out my investment career as a Realtor. I built my confidence through selling investment properties to other people and watching them make money. After selling 9 homes to other investors and seeing them profit tremendously, I knew it was time for me to start making myself some money.

You can check out my Ultimate Real Estate Bird Dog System at http://www.birddogbiz.com/

With Hunting Season Right around the corner I thought this would be appropriate. Somewhat of a metaphoric story for those of you interested in Wholesaling Real Estate, Bird Dogging Real Estate, or Any other type of real estate investing

Joe was positive that he would be shooting a deer this year. After all, Joe had been learning about hunting his whole life. His dad had taught him how to track deer, his uncle taught him how to build the best deer blinds known to man. This year Joe was finally going to do it, he would get his big buck, if it was the last thing he ever did.

He had just purchased the super guru rifle 2000 and from what he had heard this gun was the best. People had told him that this gun would practically shoot itself, man this was one heck of a gun. Oh and the four wheeler that Joe would be riding out to his blind was the so quiet and so fast he didnt have a chance of spooking any deer.

It was opening morning of deer season and Joe was ready, boy oh boy Joe was ready. Joe barely slept a wink the night before just thinking about the big buck that he was gonna get. Joe packed up his stuff, grabbed the super guru rifle 2000 and headed off to his blind (riding the best 4 wheeler known to man).

Joe arrived at his blind, and got everything in place. This was Joes day, the big buck would be his. Joe sat for about an hour when he noticed this giant rack coming up over the hill. This was the Buck to end all Bucks. Joe was quivering at the chance just to see a deer like this.

The buck approached, Joe peered through his scope, “Boy this is the one, this is the day” he quietly said to himself”. Joe slowly pulled the trigger…….To be continued

Learn real estate bird Dogging http://www.birddogbiz.com/

Eric Medemar specializes in Wholesaling real estate, flipping real estate, and investment properties including Grand Rapids Foreclosures, Grand Rapids Rental Property, and Grand Rapids HUD homes.

This is one of my favorite Wholesaling Real Estate Stories

So i get a call from a past client stating that his manager will be calling me to buy an investment property. We talk back and forth on the phone for weeks. I think he maybe in the “Getting Ready to Get Ready” stage of investing. Finally I get him out to look at a 5 unit that should be marketed for around $240,000 and my wholesaler was going to sell him the house for $210,000. When we were leaving the house he asked my wholesaler for a card. After weeks of over analyzation on the house he decided to pass.

To get started with a great Real Estate Bird Dog Course visit www.BirdDogBiz.com

Fast forward 2 weeks, and I get a call on Monday from my wholesaler and he said that this buyer had gone around me and called him, and told him not to pay me for anything he bought. He actually said I dont want Eric to know about us and I can save money if you dont pay him. My wholesaler and I have a great business relationship so I just told him to pay me 4% on whatever he bought. Well that thursday I took out the super buyer to look at homes and found a perfect investment property worth about 75k for 57k, he hemmed and hawwed, so I finally told him hay if you dont buy it I will so make up your mind. He called 15 minutes later and said I have some other projects going so Im going to have to pass on this one, because I have some other deals im looking at. Not 2 minutes after he called my wholesale guy calls me and tells me that the buyer called him and said he wanted to buy a 2 unit that I had sold to my buyer the first time around, the home he was selling was not a great deal in the least, but hey the buyer was on his own now. So the buyer ended up buying from my wholesaler and not knowing that I made 4% of 80k rather that 3% of 57k.

Oh but it gets much better, I went ahead and bought the property that he had passed on for 57k and then collected the 3% commission.

Oh it gets even better, I didnt need anymoney to close because I had sold the property to my wholesalers dad for 65k, he brough a cashiers check and we did a back to back closing so I didnt need a dime.

The results looked like this

without a weasel buyer I would have made 3% of 57k so around $1710

with a weasel buyer I made 3% of 57k $1710, 4% of 80k $3200 and $6500 wholesaling the property using none of my own money. for a total of a
Weasel killing $11,410 all done using none of my own cash, none of my own credit.

If you would like to talk to me personally about making huge profits through flipping visit www.TheForeclosureCollege.com

or checkout my audio Program www.InvestorsLunch.com

Happiness is such a vastly strange thing. We all want it, we know what it is, but many of us are not as happy as what we would like to be. Take a moment and answer the question: “What are the things that make me happy?” try to take about two minutes to answer the question. Make a good list.

After you fill out your list, click here for the answer

What is real estate wholesaling?

Real estate wholesaling is the process of putting buyers and sellers together for profit. Just like many businesses have a middleman that they buy their products from, real estate wholesalers find the products (houses) for the end user (buyers) and make a profit for doing so.

To keep it easy, I am going to compare real estate wholesaling to selling a bike when you have no money to buy it.

In order to make money on any product you need to find the product for less money than what you intend to sell it for. For conversation sake, let’s say you found a bicycle that you knew you could sell for $200 if you put the pedals back on. Without the pedals you could sell the bike for $150. If you had the money you could buy the bike for $100. The problem is you have no money to buy the bike or the pedals. You are flat broke.

In the old days you would have had to walk away from this deal.

Not with wholesaling, with wholesaling you don’t need money or credit. Instead you talk to the owner of the bike and make him an offer to buy the bike for $100. Then you tell the owner that you don’t need to take the bike. You would just like him to hold the bike for 3 days, and you will work on finding the money to buy it. If after 3 days you don’t have the money, he can go ahead and sell it to someone else.

Once the owner agrees you call up Fred who you know is looking for a great deal on a bike. You tell Fred, “Hey Fred, I found a great deal on a bike, this bike will sell for $200 when you put the pedals on, you could buy some pedals for $10 at the hardware”. You go on to say “You are not going to believe this Fred but I am selling this bike for $130″. Fred says “Awesome, when can I pick it up”.

You call the owner of the bike and let him know that you will be buying the bike as long as your friend says it has no problems. Then you ask him if you could pick up the bike and have a friend look it over. Then you pick up the bike from the owner and call Fred. Fred gives you $130 for the bike. You go and pay the bike owner $100. The bikes owner is happy. Fred got a great deal on a bike. You made $30 for not spending a penny, all you had to do was make a couple of phone calls.