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

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

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

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

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

Real Estate Investing: Are Real Estate Courses A Big Rip Off?

birddogheader Real Estate Investing: Are Real Estate Courses A Big Rip Off?As the author of several real estate investing courses, it never ceases to amaze me that so many people find my real estate systems extremely helpful in their quest for real estate investing success, while about 1 out of about 80 are throughly convinced that I was trying to rip them off. As if I was just sitting at home waiting for some sucker to come along so that I could get $85.00.

At $85.00 my courses are about a 10th of the price of most real estate courses. I have bought the expensive courses as well, and frankly all of us are about the same, except the other courses are upwards of $500.00 and they add in a whole lot of fluff to help build perceived value. I mean think about it does it really require 12 hours of audio to learn to wholesale?

Think about it logically for just a minute, any real estate investing transaction comes down to the following formula.

Finding Buyers+ Finding Sellers + Finding Financing + Negotiation+ Exit Strategy = Real Estate Profit

  • Finding Buyers-There are only so many ways to find buyers so that is pretty easy to cover.
  • Finding Sellers-There are only so many ways to find sellers so that is really easy to cover.
  • Finding Financing-There are a few different ways to get financing or to get around needing financing, but your financing will be variable depending on your exit strategy.
  • Exit Strategies-The most common exit strategies are buy and hold, buy and flip, sell the contract, or pass on the lead, lease and play the cash spread until sold, buy subject to and play the spread.
  • Negotiation is pretty minimal but I try to lay out all of the strategies that have worked for me in my guide.

That is more or less the entire real estate investing equation.

I would never dream of saying my system is the absolute end all, be all system. I can at least say that it works. I know this because, I simply put down onto paper all of the investing strategies that have lead to my success, it’s just that simple.

No fluff, no extra additions just to build a stronger perceived value, simply put, I did a guide based on what has made me successful, including setting goals, getting past fear, and time management. If it didn’t work, then I wouldn’t work, it is as simple as that.

If you think about it for a minute it doesn’t cost some real estate guru anymore money to produce a great course vs a crappy one, it’s the same paper, the same cd’s, same marketing, there really is no reason to put together a sub par product with the information age being as it is.

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

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

Obama or Clinton? Who Is Running The Oval Office In Your Head?

Obama or Clinton? Who knows or better yet who should care? Why on earth are so many people worried about politics, when their own lives are so far out of order? To me, many of the people asking questions about politics are like a homeless people asking me what type of shingles they should choose on their house. Why not worry about getting your own life together before trying to change the condition that our nation is in? I realize that politics are very important to the way our country is run, but living your life to the fullest can also help to create a dramatic change for the future of our country. Raising well educated children, getting along with your family, and using your God given talents in life can also create create a huge impact on the shape of America.

It concerns me that many of these people asking me about my political views have absolutely no one sitting in the oval office of their lives. Does it not make sense to elect a decent official to serve as the president of your own mind before you worry about who I am going to vote for? If my son or daughter were in Iraq you can bet I would be trying to elect an official who would bring them back as soon as possible, but in the mean time I would not be running around taking polls on who should be elected.

I challenge those of you who are worried about the next head of state, to become just as worried about the state of your head.

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

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 The Millionaire University.com

Real Estate Investing: Factors Effecting Your Wholesaling Success

I am often asked by other real estate investors how much profit can be made in a wholesaling real estate transaction. There are many aspects to determining how much profit can be made on each deal. In one way or another your profit will be determined by one of the 3 items listed below.

The price of the home- Typically higher priced homes will have more room for profit then lower priced homes. Example: if you can find a home for 50% FMV (Fair market value) and sell the home for 70% FMV then you would have a 20% spread. 20% of $100k is far more than 20% of 20k.

The motivation of the seller-With all things being held equal, the lower the price that you can put the home under contract for, the greater your profit potential will be. Example: If you can buy the home for 50% FMV and you have buyers that are willing to buy homes at 70% FMV, your profit will be far greater than if you put the home under contract at 60% FMV.

The motivation of the buyer- Owner occupant buyers will typically pay far more for a home than another real estate investor. Owner occupant buyers are willing to pay more simply because they are looking for a home to have as their principal residence rather than as an investment property.

I have personally dealt with different variations of all of the above. When conditions have been have been perfect, meaning I had a very motivated seller and a very motivated buyer I have made up to $28,000 on a single transaction without the need for cash or credit. That is one of the reasons why I decided to become a full time real estate wholesaler.

Get your FREE 8 page report “6 steps to wholesaling real estate success” at www.TheForeclosureCollege.com

Real estate wholesaling:: New Summer Real Estate Investing Job

I wished I had discovered real estate wholesaling much earlier. Looking back at the high school and college summer jobs that I worked, I am amazed at the amount of time and energy that it took me to make $4,000-$5,000 in a summer. I would slave away at the construction site the entire summer for $6-$10/hr. I was working so hard, and so long, that often times even in my free moments I would fall asleep instead of being out enjoying my youth. I guess at the time it was all that I knew, therefore it was all that I did. “I wish I had met me”, I now think to myself looking back at the 5 summers of intense labor.

I would have told me:

1. You do not necessarily have to work hard, but instead learn to work smart.

2. In order to make more money, learn what the people with more money do.

3. Become knowledgeable about making money, instead of becoming knowledgeable about framing homes.

These 3 rules of wealth would have bought me at least 3500 hours of freedom over the 5 summers of manual labor. If I had it too do over again I would have learned about real estate investing, first by becoming a real estate bird dog, then get into wholesaling real estate, then a landlord.

As a real estate bird dog I would have spent my mornings, placing signs around my area to seek out potential sellers. Then I would have spent 1 or 2 hours a day locating potential buyers for the properties that people called in for sale. Once my signs were in place and my buyers list was developed, I would have taken my phone to the beach. From the beach, I would have become a real estate matchmaker. Taking calls from sellers, and connecting them with my buyers for profit. $1,000-$5,000 a deal would have made me $10,000-$20,000 over the course of the summer. At the end of the summer instead of being tired and worn, I would be tan and happy. Instead of knowing a little bit more about framing a home, I would know a little bit more about how to make money through real estate investing.

Today 10 years later and much more knowledgeable, I have learned to make money, and that is what I do. The builder who I slaved away my summers too, is now working for me. Yesterday he was trimming my ceiling on my summer home, today he is buildling cabinets for my current home which he built 3 summers ago. He enjoys building, I enjoy making money. He learned how to build, I learned how to make money and have him build.

Get your FREE 8 Page report “6 Steps to real estate wholesaling success” at www.theforeclosurecollege.com

Eric Medemar specializes in real estate wholesaling and has been investing in real estate for over 7 years. Check out his real estate wholesaling system at www.InvestorsLunch.com or his real estate bird dog system at www.birddogbiz.com

Real Estate Investing Guide: Wholesaling Real Estate Buyer Qualification

Real estate investing Guide: I am often asked how you can be sure that your buyers for your real estate wholesaling deals have the ability to buy.


Anytime that you take on a new buyer you should obtain a pre-approval letter or a verification of cash funds. A pre-approval is a letter from a lender that tells you that the buyer has had a credit check, and has proven his/her income through provision of W2’s, or previous tax records. If possible, get the buyer to meet with a lender who you know and trust so that you can be sure that the buyer is truly capable of purchasing properties. A verification of cash funds is a bank statement or a letter from the buyer’s bank stating that there is either money in an account or the money is available on a credit line.

Watch out for buyers who offer you a pre-qualification letter. The letter is often not worth the paper that it’s printed on. A pre-qualification letter is based on information that has not actually been verified — usually just on the buyer’s word. A pre-qualification letter is typically provided by a lender prior to actually sitting down with a buyer, so there’s no way of actually knowing whether the buyer is capable of purchasing properties.

Buyers are only as good as their ability to buy. A buyer can have the best intentions, but without substantiated funds, they are of no use to you.


Eric Medemar is a real estate consultant from Grand Rapids, MI. Be sure to check out his FREE real estate investing guide as well as his Highly acclaimed real estate investing courses where he will show you his easy to understand methods for investing in real estate without cash or credit

Real Estate Investing Guide: Pulling Your Investing Trigger

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/

Joes buddy Nate had never hunted a day in his life, when it came to hunting “Nate didnt know his butt from a whole in the ground”. Nate had spent alot of time shooting guns with his dad, but had never hunted. Nate decided since his buddy Joe was going hunting that he would too. So Nate asked his dad, who had killed 100′s of deer in his day, if he could take him hunting. Nates dad was more than happy to show him.

It was opening morning, Nates dad had set him a great spot where he had shot dozens of bucks. Out of the corner of his eye Nate saw a huge buck coming up over the ridge. Nate looked at the buck through his scope. “This is the one” he thought to himself as he slowly sqeezed the trigger. The rifle let out a huge boom, and not 10 minutes later Nate was proudly posing for a picture next to his prized buck.

back to Joe………….Joe slowly pulled the trigger, and nothing happened. The buck was gone……………Joe had it all, the super guru 2000 gun, the best 4 wheeler known to man, and the hunting skills of a puma. “How could I have failed” Joe thought to himself, it was then he realized that in all of his time getting ready for the hunt, nobody ever taught him how to pull the trigger.
Thats the funny part about guns, you can have the best gun in the world, but if you don’t know how to pull the trigger, you’ll never get the deer.
Later Nate and Joe were talking about Nates huge buck and Joe said to him “Nate I thought you have never hunted before, how on earth did you shoot that big boy”
Nate replied “I never have hunted, but my dad has, I asked him where to go, then all I had to do was pull the trigger.”
Are you a Joe?
or
Are you a Nate?
If you would like to go from a Joe to a Nate feel free to contact me here.

www.UltimateWholesalingSystem.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.

Real Estate Investing Guide: Wholesaling Real Estate for $24,000 an Hours

I cannot even express to you what a powerful wealth builder real estate is and will continue to be. Here is just one reason why I love Wholesaling Real Estate

So i’m out cruising around in the convertible on a gorgeous day, and I get a call from a realtor that I know about a property that hadnt yet hit the market. I tour the home for 5 minutes, then call me assistant to put together the contract. The next day I make a couple of phone calls to my buyers list. Then 2 days later I put it under contract with a buyer in “as is condtion” for a $8,000 profit. I will ad him to the deed since the contract is non assignable, then at closing I will deed myself off. All in all I have 20 mins into the deal, and $8,000 to show for it.

If you would like to find out how to do deals like these check out The Ultimate Real Estate Wholesaling System http://www.theforeclosurecollege.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.

Eric Medemar is a real estate consultant from Grand Rapids, MI. Be sure to check out his FREE real estate investing guide as well as his Highly acclaimed real estate investing course where he will show you his easy to understand methods for investing in real estate without cash or credit.

Real Estate Investing Guide: Is Wholesaling Real Estate Illegal?

Is real estate wholesaling illegal? I have heard this question asked dozens of time by new real estate investors from across the United States and my answer is always absolutely not! Many people mistakenly put wholesaling in the same category with the property flipping scams that are now heavily publicized by the media. Illegal property flipping and real estate wholesaling have nothing in common.

Illegal property flipping is a result of buyers paying over inflated amounts for a piece of real estate. Then they either getting a large amount of cash back at closing or they are working hand in hand with the sellers who then pays them off in exchange for buying the piece of property at an over inflated price. The buyer is essentially sacrificing his or her credit in exchange for cash. This over inflation is a result of the market value of a home being far less than what a crooked appraiser can pull sold listings for.

Real estate wholesaling on the other hand is a completely legal activity. Most wholesaling transaction involve either selling a contract to another investor, or buying the home and immediately selling it to another investor at a discount.

Unlike illegal property flipping with real estate wholesaling nobody is getting hurt. Wholesaling presents the perfect win-win scenario for all parties that are involved with the transaction. The buyer is happy because they are getting a great deal on a piece of real estate and the wholesaler is happy because they are making a $5,000-$10,000 fee for their services.

Get your FREE 8 Page Report “6 Steps To wholesaling Success” by clicking this link real estate wholesaling Report

Eric Medemar is a real estate consultant from Grand Rapids, MI. Be sure to check out his FREE real estate investing guide as well as his Highly acclaimed real estate investing course where he will show you his easy to understand methods for investing in real estate without cash or credit

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