ericmedem | The Millionaires Blog Wholesaling Advice

Author Archive:

Home Raffle: Are You Ready To Try a Home Raffle?

Are you ready to try a home raffle? If you are in a negative equity position and would like to avoid foreclosure, raffling your home may be your only option. Once you decide to raffle your home there are a couple of things that you should keep in mind.

In this article I am going to help you avoid one of the biggest mistakes that I see homeowners make when they try to raffle off their homes. A vast majority of you who are attempting to raffle off your homes have not been trained in home sales. I happen to know just a little bit about selling homes so I am going to share a very valuable tip for making your raffle both timely and successful.

When you are putting together your raffle one of the keys to success is to remember you are not just selling tickets, you are selling the dream of home ownership. People who focus on selling tickets rather than dreams often end up falling short on sales. Basically, keep all of your marketing efforts focused on your customers wants and needs, rather than you own needs to sell tickets.

Best of luck with your Home Raffle

Real Estate Investing: I Want To Give You A FREE House

Real estate investing has been very good to me this year.

I was contemplating ways to celebrate the 1 year anniversary of my Ultimate Wholesaling System and I decided to give away a house.

Since my investing courses already set the standard for investor education, I figured I might as well set the standard for free giveaways as well.

To learn more about getting your FREE house as well as see some extremely special pricing on my investing systems click here house raffle

Real Estate Investing FREE Classifed Ads

Here is a list of FREE Classified Websites to promote yourself.

http://Craigslist.com

Don’t miss your chance to win a free houses at FREE House Raffle

Real Estate Wholesaling: Have I completely lost my mind?

I decided since my investing courses have already set the standard of investor education, I might as well set the standard for FREE giveaways as well.

To claim your FREE house check out http://www.greatgurugiveaway.com

Real Estate Wholesaling While Sleeping

I am going to start posting weekly videos where i answer some of the online forum questions. I feel like I need to do my part to help people out, but I hate typing.

I look like I might fall asleep in this, TOO many donuts I guess.

Real Estate Negotiation: 2 Profit Maximizing Tips

Real Estate Negotiation Tactics Revealed

Does the thought of giving up your hard earned equity to a money hungry buyer leave your stomach in knots? You are not alone in your frustrations with our current housing market. Nothing is more frustrating than negotiating a contract with greedy buyers who know they have the upper hand because of our current housing slump.

What can you do to preserve your hard earned equity during our recent economic downturn? I am going to unveil two little known strategies for maximum equity preservation during the negotiation process.

Strategy #1 Plant negotiation seeds early- You need to face reality, the current housing crisis has left homebuyers at a major advantage when it comes to the negotiating on the price of your home. It will be important for your to counteract a greedy buyers sense of power, I recommend using subtle hints of other pontential buyers from the very beginning. Leave these buyer hints before you know that a potential buyer likes your home. Once a buyers reveals their intentions of buying your home, it will be too late.

Strategy #2 Keep your mouth shut- Buyers who are well versed in the home buying process will do their best to get your talking. Why do they want to hear you talk? Buyers know that if they can uncover your motivations for selling, then they stand a chance to steal your home right out from under your nose. I advise limiting the conversation only to questions about the home. Stay away from questions about your reasons for selling and your financial information.

Following these 2 simple but effective Real Estate Negotiation strategies for preserving your hard earned equity will keep you one step ahead of greedy money grubbing home buyers

To get your copy of My Negotiation System please visit www.NegotiationNemesis.com

Real Estate Negotiation: 2 Profit Destroying Myths Debunked

One of the most overlooked aspects of skyrocketing your profits when you buy or sell a piece of real estate is hard-hitting negotiation. Your TV is overrun with the latest “Fix your house” television shows. Don’t get me wrong, fixing your home does have its place, but high-powered negotiation strategies will ad thousands of profits, without you ever lifting a finger.

In this article I am going am going to debunk two of the most costly myths about real estate negotiating. Just knowing a few of my easy tips about negotiating can easily add 1-5% of your homes sales price to your profit. That means on a $100,000 home, using a few simple tips can make you between $1,000-$5,000.

Myth #1 Create a win-win negotiation whenever possible- Can we get real a minute? If someone else wins, then you lose, it is as simple as that. In completing over 130 real estate transactions my goal has never been to create a win-win situation. Instead, my goal is always to create a situation where I win and the other person “Thinks” they have won.

Myth #2 Negotiation starts after offer is written- If you want to lose at least $1,000 on your next real estate transaction, then wait until after an offer is written to lay out your negotiation plan. Masterful negotiation starts the moment you make contact with a buyer or seller. Seeds of negotiation strategy planted early in the process, grow into trees of profit down the road.

Using just a couple of these fool proof negotiation strategies will make your next real estate negotiation seem like showing up to a knife fight using an M-60.

—-

To purchase Eric’s Real Estate Negotiation System visit www.NegotiationNemesis.com

Grab your FREE Investing courses at this site ====> FREE Investing Courses

Real Estate Investing: Working The Room at Real Estate Investing Club Meetings.

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.

Real Estate Investing Guide Special: For your FREE “6 Steps to Real Estate Wholesaling Success Course” visit www.InvestorsLunch.com

Real Estate Investing: Avoid These Costly Real Estate Wholesaling Mistakes

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: Are Real Estate Courses Worth the Money?

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