Real Estate Wholesaling Made Simple

Real Estate Investing Guide Presents: Working REI Meetings

Having buyers is one of the most important part of the real estate wholesaling success equation. One of the quickest ways to meet investors who can later turn into buyers is by attending real estate investment club functions. The fees to join your local real estate investment club will vary, but I can promise you that investment clubs are well worth the money.

To get the most out of attending real estate investment club functions it will be very important to step out of your shell and meet the other investors in the group. Here are a few thing to keep in mind when attending your local REI club meetings:

Remember that you have 2 ears and 1 mouth for a reason.-Try to listen twice as often as you talk. If you have not noticed yet, people love to talk about themselves, so let them.

Don’t try to be right- Even if you here the “Old investing pro” say something wrong, do not jump into correct him. People do not like to be corrected, and will often lash out at you if you try to make them look bad.

Have your success stories ready- Now do not confuse this with bragging, or tooting your own horn. Instead subtly drop your past success stories into the conversation to spark interest. If you have made another investor a lot of money tell that story. Maybe, you have found some great deals for another investor, talk about those great deals.

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There are numerous reasons why many newbies to real estate investing never realize any success in real estate wholesaling.

In this article I am going to focus on one step of the wholesaling process that so many investors get wrong. The sad part is that many of the guru wholesaling courses that I have purchased actually teach newbie investors the wrong way.

From my experience the most critical factor in the entire wholesaling real estate equation is having a solid buyers list in place. Many newbie investors make the mistake of focusing their energies on locating great deals on houses prior to having any investors to buy those houses. The best deal in the world is no good unless you have a buyer lined up ahead of time. Sure, you can find buyers after you have found a good deal, but going that route has some large risks:

Risk #1 One of the main risks of finding buyers after you find motivated sellers is that your chances of being able to follow through on the contract decrease substantially because you are starting from scratch.

Risk #2 If you cannot follow through on your real estate contracts, then you will quickly start building a reputation as someone who cannot follow through on promises. Having a good reputation is critical to success in the long run. If you over promise and under deliver to the wrong Realtors or investors in a particular market, then your options for finding great deals, and selling those deals will quickly decrease substantially.

Risk #3 Your profits can decrease substantially. Because you are starting from scratch with your buyers list, you may end up having to sell your contract for far less than what it is worth simply because your buyer options are so limited.

Follow these 3 simple rules to get well on your way to real estate investing success.

Real estate investing courses: It seems like everywhere that you turn there is a new “Expert” offering you advice about the latest and greatest real estate investing techniques…But is it worth it to buy these systems?

I have personally invested thousands of dollars into different real estate investing courses. Yes, it’s true there are some that I might not buy again if given the chance. Having said that, every single course that I have ever purchased ended up teaching me something. Those little somethings at bare minimum have added at least $1,000 to my bottom line.

I figure if I can pick up at least one little real estate investing gem from each course then I am always ahead of the game.

To be honest the return rate on my own investing courses is somewhere around 6%. Almost 90% of the people who have returned my course has never done a single deal. But, they tell me that they already “Know” everything in my courses.

I always laugh about these people because I know that they haven’t dug deep enough into my real estate investing course material.

I know this because just one of the little “Gems” that I offer with my course material can literally have your buyers list built and ready to go in under 2 weeks…..And, this “Gem” has never been mentioned in a single real estate investing course that I have purchased. Yet, the people who have returned my course already know it all……Hmmmm I am probably missing something.

Many people will invest and lose thousands, if not millions in the stock market, yet they wont invest a few hundred dollars in themselves to further there investor education.

One of the courses that I would highly recommend to any newbie investor is available at www.TheForeclosureSchool.com

This is not a real estate investing course that I have authored, but I will say it offers more great real estate investing advice, across more real estate niches than any real estate other real estate investing course that I have purchased=======> all for only $47.00.

Anyway, my take is that you really can’t go wrong buying any real estate investing course if you just learn one very small lesson….But, I can promise if you don’t buy any that you will surely lose in the long run.

Thank you for checking out my Real estate investing guide