Real Estate Wholesaling Made Simple

The second of the 10 R’s of life is roles. Not all people are familiar with their roles that they play in life. In fact many people don’t even know that they fall into certain roles with certain people or certain situations.

Roles are the essentially the way your character plays out in a particular area of of your life or with a particular group of people. For instance you may be a very powerful person at work because that is your role but when you get together with your family you become a bumbling idiot. Most people are completely unconscious of the roles they play.

Roles are the way you “play the part” of what others expect of you. If other people respect you and think your a leader, then without thinking your role becomes that of a leader. On the other hand if people expect you to be an idiot, and you prove them right, even just a couple of times, then your role becomes that of an idiot.

Not all roles are bad, but it is very helpful to know the roles you fall into. What are your roles:

• At Work (Are you the office clown, the high powered executive, or the gossip?)
• At Home (Are you the enforcer of rules, the push over, or the one who is hard to get along with?)
• With your parents or in-laws (Do you keep acting like a child, are you still mommies little boy or girl? Are you still a screw up to your in laws?)
• With your friends- Are you the party animal, the gossip, or the tough one?

The trouble with roles, is that when you start falling into roles, it is very easy to become unconscious to reality. You just start “Playing your part” without any real thought as to why. Take some time to inventory the roles that you have for yourself when relating to others and then eliminate any of your roles that seem unhelpful.

A word of caution. People will want to keep you in your roles, after all, you falling into your role helps keep their world together.

To start breaking your unhealthy roles, begin by picturing in your mind what your new role will look like. How will others react to your new role? How will you feel in your new role? How will you carry yourself in your new role? What will you do differently in your new role? Then when the time comes to actually perform your new role in the physical world, you simply need to do what you have already done in your mental world.

In the next section about roles we are going to talk about the roles that we have for other people.

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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.

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

Thank you for being here. I have always enjoyed learning and helping other people, I hope you pick up a idea or two from here.

The first R we are going to talk about is resistance.

My definition for resistance is mentally not accepting “what is”. Keep in mind that the difference between resisting and actually changing something, is that changing something must include the possibility of taking action on your part. Many of the thing that we resist cannot be changed, they simply “are what they are”.

Things you may say to yourself or others while you are in the process of resisting are:

• It shouldn’t be like this
• This isn’t fair
• I can’t believe this is happening to me

Another area of life to look for resistance is complaining. Things like:

• Isn’t this weather nasty
• I wish it weren’t raining
• That meeting was too long
• I wish I were somewhere else

Can you see what I mean by mentally not accepting something for what it is? We act as if when we change things in our minds, that our reality will somehow change. Resistance is the root of much unneeded mental suffering in our culture.

Why do we resist? Well in most cases resistance gives us a temporary feeling of being right, while whatever is truly happening is wrong. “I am right, the weather should really be more like this”, “The church service is going to long, it would be better if it we X minutes”. In both cases the things that are happening are going to happen either way, so why put yourself through the suffering?

A great way to gauge if you are resisting is to ask yourself “Is this something that I can change”, If the answer is yes, then ask yourself “Am I willing to do what it takes to change it”. If the answer is NO to either of those questions then you are in the process of resisting.

Once you can spot yourself resisting, you don’t need to start an argument in your head, simply observing the act of resistance without being caught up in it will be enough to stop the suffering.

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Check out the new real estate investing forums at www.Themillionaireuniversity.com

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.

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

One of the problems in dealing trying to wholesale many of the current foreclosures is that banks will not allow their contracts to be assigned. Without the ability to assign the contracts many wholesalers have been missing out on some dynamite foreclosure deals. So how can investors get around the nonassignable contracts that many banks are using?

One of the easiest ways to get around the nonassignable contracts is to use Limited Liability Corporations (LLC’s). To use an LLC on a nonassignable contract all you need to do is fill in the purchase agreement in the usual fashion. But, instead of using the typical “and/or assignees” clause, you simply fill in the name of your corporation. Then instead of assigning the contract to another investor for profit, you will sell the other investor your LLC. Because the contract is filled out in the name of the LLC you will essentially be assigning the contract when you sell the LLC.

Having said all of that, make sure that you have the LLC set up prior to writing up any contracts. If you are serious about real estate wholesaling I would recommend always having a couple of pocket LLC’s ready in case a great deal comes your way. By having your LLC’s ready ahead of time, you can prevent the possibility of having a paperwork slowdown at the government level. The last thing that you need to have happen is to lose out on a $15,000 profit because you did not prepare enough ahead of time.

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 wholesaling real estate blog here. Eric is also a contributing member to The Real Estate Investing Forums at www.themillionaireuniversity.com