2008 March | The Millionaires Blog Wholesaling Advice

Archive for March, 2008:

Real Estate Investing Guide: Mistaking Investing in Information For Investing In Real Estate

One of the biggest traps that I see newbie real estate investors fall into is mistaking investing in real estate materials for actually investing in real estate. I know that all newbies know the difference, but many times their mind does not.

How many wannabe real estate investors do you know who move from real estate courses to real estate books then onto real estate forums searching for the one answer that will make all of their real estate dreams come true?

While they are on their eternal quest for the real estate golden ticket, they get tell people that they are “Working on being a real estate investor”. This idea that being a person who is “Working on being a real estate investor” will in many cases fully satisfy the newbies ego, essentially giving them the feeling of being a real estate investor, without ever doing any investing. In many cases this can be a huge favor to the person who is solely looking for the feeling of being a real estate investor, those people really have no business investing anyway.

Your intentions for becoming a real estate investor will have alot to do with whether or not you will achieve any level of success. If you want to be an investor just for the sake of being an investor then your chances of success are minimal. If however you want to become an investor to achieve financial freedom for both you and your family your chances for success increase significantly.

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Eric Medemar is a real estate investor from Grand Rapids, MI. Be sure to get your Free Guide To Real Estate Wholesaling. You can also view Erics real estate investing guide here. Eric is also a contributing member to The Real Estate Investing Forums at www.themillionaireuniversity.com

Get your FREE Report “6 steps to wholesaling real estate” at www.TheForeclosurecollege.com

Get your FREE Report “5 Easy steps to becoming a real estate bird dog” at www.BirdDogBiz.com

Real Estate Investnig Guide: Class We Have A Guest Today…..

Do you feel sad, guilty, hurt, fearful, happy or any other number of emotions? Now let me ask you, does the “you” that notices those emotions feel that way? I am guessing that you may be scratching your head now. “What do you mean the me that notices, aren’t I me?”, you might be asking. Of course you are you, but has it ever occurred to you that the real “you” is the one who notices what is going on with your emotions.

Stop for a moment and look at the things that you might say to other people, things like “I feel a bit depressed today”, or “I feel great”. When you say things about yourself feeling a certain way, who is the one that notices how you are feeling? If you are depressed, is the person within you who notices the depression, depressed as well? If you stop to notice, that person within who notices these things is more like a neutral 3^rd party. Somewhat like the man who came into your 3^rd grade classroom just to observe the class. The man who sat quietly at the back of the room just taking notes.

This observer is the true you, the you that is not effected by the externalities of the world. The you that is not subject to the faulty beliefs and programming that started the moment you arrived in the doctors arms.

The you that can shine light on every event or happening in your life. The light being true joy, unbreakable joy, the joy that has no opposite. The true you is unaffected by pleasure. You see pleasure comes with a price, the yin and the yang if you will. While joy has no other side to it’s coin. When you toss the joy coin you get joy on both sides, much the opposite of the pleasure coin, that when tossed is either going to give you great pleasure or great pain.

To experience the true “you” more often, simply slow down and begin paying attention the observer sitting quietly at the back of the classroom in your mind.

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Get your FREE Report “6 steps to wholesaling real estate” at www.TheForeclosurecollege.com

Get your FREE Report “5 Easy steps to becoming a real estate bird dog” at www.BirdDogBiz.com

Real Estate Wholesaling: Can It Really Be That Easy?

I have had countless people ask me why on earth I would waste my time making real estate investing courses if I was doing so well as a real estate investor. Believe me it has nothing to do with the money. I could make 10 times more money by just sticking to what I am good at, which is real estate investing. The truth is that I have always truly enjoyed teaching other people about things that I know how to do. There are truly only a couple of things in the world that I am good at and they happen to be selling real estate, investing in real estate and helping other people to get started as investors.

I would bet a vast majority of you would want to do the same thing if you saw just how awesome real estate wholesaling truly is. Real estate wholesaling has huge so many huge advantages over the traditional forms of real estate investing. I had never heard of real estate wholesaling up until a few years ago, after hearing about how easy it was I must admit I was a bit skeptical. You know the old saying “If it sounds too good to be true, it probably is”, that is exactly what I thought of real estate wholesaling at first.

How on earth could someone make that much money without the need for cash or credit? The main reasons that people are interested in real estate investing is the large profit potential. This high profit is achieved because of the large numbers that investors deal with. Think for a minute, a 10% profit on a $200,000 home is $20,000. As a real estate wholesaler you simply need to find a motivated seller who will sell at 70% of the fair market value. Then find an investor or retail buyer who will pay 80% of fair market value (which is still a great deal).

With traditional forms of investing you would have to buy the home for 70% of value, then sell the home for 80% of value. The problem with the traditional method is you need to have money to buy the the home in the first place. To get money to buy the home you need credit and usually a down payment. This leaves many people stuck dead in their tracks. Not real estate wholesalers though.

A real estate wholesaler knows that you don’t need to buy the home, you just need to put the home under contract. Once you have the home under contract (purchase agreement), you simply sell the contract to the end buyer. Instead of selling homes, wholesalers sell contracts. The great part is you do not need financing or credit to get a home under contract. Can you see how easy real estate wholesaling is? You sell contracts instead of homes, it is as simple as that.

Get your FREE guide “6 Steps to Real Estate Wholesaling Success” at www.TheForeclosureCollege.com

Real Estate Investing Guide: Taking Action For Investing Success

You have read everything thing available about real estate investing. You have spend countless hours visiting the real estate investing forums. You have invested thousands in real estate investing courses. Now what? Are you doomed to the same destiny of most information junkies? Are you going to become the divorced marriage counselor? The counselor who knows all about how to save marriages but could not save their own.

So what will determine your success? Honestly it is pretty simple, so simple that it can be summed up in one word action. Taking action is what separates the men from the boys on the playground we call life. So what constitutes action? By my definition, action involves any movement in the direction of you goal or purpose on a visible plane. Now your thinking “Visible plane?”. By visible plane I mean doing something that can be seen, rather than simply thought. Thinking is great but without action, thinking will take you no where. A simple way to remember the power of action is to use the word ACT.

Action
Compensates
Tremendously

Action compensates tremendously, do you see the power in that? Taking action in any direction is truly the only way that you can ever get closer to reaching your goals in life. Even action that is completely wrong teaches you a lesson that could not have been learned by simply thinking. When Albert Einstein was asked about his thousands of scientific failures, he simply said that he successfully found thousands of ways not to do something. Each perceived failure moved him one step closer to success. Without action none of the failures would have happened, but neither would his success.

The only sure way to never succeed in as a real estate investor is to do nothing at all. Show me a man who went bankrupt while trying to become a real estate investor and I see potential. Show me a man who has knows it all, but has done nothing and I see a overweight dietician.

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Eric Medemar is a real estate investor from Grand Rapids, MI. Be sure to get your Free Guide To Real Estate Wholesaling. You can also view Erics real estate investing guide here. Eric is also a contributing member to The Real Estate Investing Forums at www.themillionaireuniversity.com

Get your FREE Report “6 steps to wholesaling real estate” at www.TheForeclosurecollege.com

Get your FREE Report “5 Easy steps to becoming a real estate bird dog” at www.BirdDogBiz.com

Real Estate Investing Courses: What Seems To Be Missing?

Every year Americans spend millions of dollars on real estate investing courses. Sadly, most people who purchase these courses never end up using any of the valuable knowledge that these courses contain. Instead of using real estate investing courses as a means to an end, with the end being becoming a successful real estate investor. Many people unknowingly use real estate investing courses as the end itself.

People who buy real estate investing courses truly believe that they want to become real estate investors. The problem is that once they purchase the investing course, they create a shortcut in their mind that essentially says “One more goal has been achieved”. By investing in the course, they fulfill the short term need to be considered a real estate investor and then quickly move onto something else.

Another problem that arises shortly after purchasing a real estate investing course, is the need to know more information. Perhaps the course left a few unanswered questions or maybe spurred on some new thoughts about the direction of their new found investing career. So then they buy another course which creates more questions and ideas that can only be answered by more courses. In a short period of time, the wannabe real estate investor becomes much like an overweight dietitian. They know all about eating right, but they just don’t do it.

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Get your FREE Report “6 steps to wholesaling real estate” at www.TheForeclosurecollege.com

Get your FREE Report “5 Easy steps to becoming a real estate bird dog” at www.BirdDogBiz.com

Real Estate Investing Guide: Using Real Estate Investing Forums

Real estate investing forums can be a great way to gain knowledge for getting a start as a real estate investor. In fact I would recommend visiting and gathering information from as many real estate investing forums as you can on your quest toward becoming a real estate investor.

I would like to offer a few tips on using real estate investing forums most effectively. Here are a few suggestions:

1. Watch out for anyone who uses absolutes. By absolutes I mean to say, watch out for people who say things like “It’s always this way”, “That never works” or “This works everytime”. Most people in the forums mean the best but they fail to mention that “This has been my experience and your experience may be different”

2. Watch out for advice that is given from people who have only read about real estate investing rather than doing any actual investing. These people can typically be spotted because they will miss many of the fine details that go into the transaction. Instead they repeat only the things that everyone else has said rather than adding their own new insights.

3. Take in as much information as you can, then draw your own conclusion. Once you have taken in enough info to come to your own conclusions then it’s time to get to work. Don’t mistake the process of gathering information as the goal, instead keep in mind that gathering information is a means to an end, rather than the end itself.

I hope these ideas about real estate investing forums will help you move along on your path to real estate investing success.

Get your FREE Guide to real estate wholesaling at www.TheForeclosureCollege.com

Real Estate Investing Guide: Directing Your Inner Publicist (Part 2)

From this point forward why not work on teaching your inner publicist to spin things in a good way. It won’t be easy at first, but in time you will begin spinning the happenings of your everyday life just as a Hollywood publicist would try to spin Paris Hilton going to jail. To begin changing the way your inner publicist spins your life I have laid out these easy steps:

Take Notice- Whenever you are asking yourself why something happened, why things are the way they are or why someone treated you in a certain way, stop and take notice of how your inner publicist is representing each case to you conscious mind. Just notice, don’t argue with it or try to prove it wrong. Just sit back and observe, observe the way you would if you were watching it on TV and someone else was going through it. Just the act of observing rather than identifying with all of the B.S that your inner publicist is feeding you, will allow you to begin freeing yourself from your thoughts
Consciously look for other ways to spin the story- Once you have observed your inner publicist at work and have started to notice the negative spin that it puts on the happenings of your life, you need to counteract that spin on a conscious level. By conscious level I mean that you need to take a moment and think of some other ways that your inner publicist could have spun the same story. Using the example of the promotion above you could spin the story with your conscious mind to something more positive like: you were overqualified or life must have something better in store for you. Do you see the difference? Once you have started to notice your inner publicist at work, then you need to start taking charge of the stories that they feed you. Over time you will no longer need to change the story that you inner publicist will feed you because the stories will become positive on their own. This change comes about because your subconscious mind will begin aligning with your conscious mind about the way that you life is and will be.

By following these two simple steps you can quickly start moving your self image and your life in a much more positive direction. The simple act of not always believing what your mind tells you can move you light years ahead on your road to success.

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Get your FREE Report “6 steps to wholesaling real estate” at www.TheForeclosurecollege.com

Get your FREE Report “5 Easy steps to becoming a real estate bird dog” at www.BirdDogBiz.com

Real Estate Investing Guide: Directing Your Inner Publicist (Part 1)

Do you have a publicists? For most of you I am sure that your immediate answer is no. If you have ever seen a celebrity in a bind, it should come as no surprise the way they send their publicists out to put a spin on bad deeds that they have done. The job of the publicists is to spin bad stories to the public in order to preserve a celebrities reputation.

We all have our own inner publicists, except our publicists don’t put a spin on the just bad things we have done. Our inner publicists put a spin on everything that we do including the good things. Without proper direction our inner publicists will far to often put a negative spin on things that are not negative at all. The problem with our inner publicists is that they rely only on our past experiences to give our current stories a new spin.

For instance maybe you just found out that you missed out on a promotion at work. Immediately after learning of this, you subconsciously turn things over to your inner publicist. Instead of spinning the story in a good way back to your conscious mind, your inner publicist informs your conscious mind that you have always been a slow learner and you really didn’t deserve a promotion anyway. Can you see the problem here? Without proper awareness of thought your inner publicist will always base your current happenings on past experience, even though the two things have absolutely nothing to do with one another.

Eric Medemar is a real estate investor and internet marketer from Grand Rapids, MI. Be sure to get your Free Guide To Real Estate Wholesaling. You can also view Erics real estate investing guide here. Eric is also a contributing member to The Real Estate Investing Forums at www.themillionaireuniversity.com

To learn more about Lake Michigan real estate visit Eric’s Blog at www.LakeMichiganHomesBlog.com

Real Estate Investing Guide: Adding Your Own 2 Cents can Make You Go Broke

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Adding Your Own 2 Cents Can Make You Go Broke!

Far too often in life, many of us make the mistake of adding our own 2 cents to the facts of life. The problem is that our own 2 cents are not based on fact. Instead our own 2 cents are based on the fiction that many of us mistakingly take as truth.

Our 2 cents combined with the 2 cents of society can quickly take the facts of life, and turn them into an extremely jaded work of fiction. Here are some examples that I am sure many of you might identify with.

It’s a fact that you just got a divorce.

It’s fiction based on adding your own 2 cents, that life is over, and you will live a lonely existance until the day of your death.

It’s a fact that you had no sales this month.

It’s fiction based on adding your won 2 cents that, you are a terrible salesperson and you should change careers.

It’s a fact that you have $50.00 left in your bank account.

It’s fiction based on adding your own 2 cents that, you are completely ruined financially and you have always been a failure.

Do you see the difference between fact and fiction? Stop adding your own 2 cents to the facts of life and you will quickly turn your fictional novel into a bestselling biography.

Thoreau on Realizing Your Dreams

“If you have built castles in the air, your work need not be lost. There is where they should be. Now put foundations under them” Henry Thoreau

I can’t help but think of how perfectly this quote puts the idea of realizing your dreams. Dreams are the castles in the air, while your actions taken toward the achievement of those dreams build your castles foundation. Too many of us spend our time building castles in the sky, but never get around to adding the foundation underneath.

Get your FREE Report “6 steps to wholesaling real estate” at www.TheForeclosurecollege.com

Get your FREE Report “5 Easy steps to becoming a real estate bird dog” at www.BirdDogBiz.com