Real Estate Wholesaling Made Simple

Why are you staying away from the biggest wealth builder that has ever existed? Real estate is and always will be the largest wealth builder in the world. The problem for most people is being able to afford entry into the real estate game.Then the gurus come along offering you the magic answer to all of your real estate problems. Anybody who has stayed up after 11:00 has seen the endless Carleton Sheets, or Russ Whitney real estate programs. These programs do have there place and have helped many people learn about real estate but they have also helped many more people lose thousands of dollars.

Lets not even get into the thousands of books out there all claiming the magic answer to your real estate problems. Don’t get me wrong books are great but often times they leave you hanging with many unanswered questions about your real estate dreams.

Then there is real estate coaching. Coaching has its place as well but usually costs between $1,000 to $30,000. The interesting thing is that the low cost real estate coaching services are often using non investors as coaches. Essentially they are only booksmart coaches, preaching at you what they have read in some guide to coaching and your paying them $200+ hr to hear their crap.

I don’t know how many of you reading this would like to get involved in the real estate game but if you do, I have put together a package for you that will blow the doors off of ANY real estate program out there.

I have put together a small checklist of reasons why you have not lived up to your real estate potential:

1. No Real Estate Investing Confidence-Books and courses have left you hanging, they have left you knowing what to do, but not doing what you know.

2. No Real Estate Support-If you did get going in the real estate game and had a question, then who do you ask? Your book or course, I think not. Not knowing what to do when a question comes up about a transaction has left you frozen doing nothing.

3. No Real Estate Investing Business Plan- If you are looking to make it in any business and you don’t have a plan in place then you are bound to fail. I’m sure the problem for most of you is not only do you not know how to make a business plan but you also don’t even know what you would put in your plan if you had one!

4. No Real Estate Investing Goals-About 1% of the populaton has written goals for their life. Trying to succeed without goals is like trying to put together a puzzle without a picture to look at. Sure it can be done, but will take far longer than necessary.

5. Nobody Else Has Confidence In You- You tell your spouse and your family that you want to be a real estate investor and they look at you like your crazy. Of course they will, you don’t have anything besides a crazy idea says that you will make it.

Do any of these problems describe why you have not made it in real estate? Perhaps your a seasoned investor already, and have made it past the first problems. Well I have a checklist for you to.

6. No Real Estate Web Site-You would have to be crazy not to have a website for your real estate business. The problem is that websites are expensive, I have seen the top real estate website templates online for $4,000+ dollars plus over $60/mo for hosting. Those are just templates, a custom site can run you upwards of $10,000 and hosting as much as $150/mo. Even if you paid $10,000 for a website, it would still pay off in the long run, but you don’t have to.

7. No Toll Free Number-A toll free number can be extremely valuable to getting more leads brought into your business. Toll free numbers also capture callers phone numbers even if they are blocked. Call tracking is one valuable tool for any real estate business. Take a look at the BIG real estate businesses, they all have toll free numbers, that should say something about the power of toll free numbers. If you want to make big dog dollars, then do what the big dogs do. Toll free numbers can cost anywhere from $30-$150/mo, but are well worth it.

8. No BRANDED Toll Free Number-If you have already bit the bullet and purchased a toll free number, the next step is to get a branded toll free number. Branded phone numbers often called vanity numbers use memorable and marketable words to enhance consumer recall of your phone number. Branded numbers, are numbers that spell something that a consumer can remember eisier than just numbers. Many of you use bandit signs, the problem is people cant write down your number when they are driving by. A good branded number can be seen once, then remembered later because of using words not numbers. Studies indicate that Branded phone numbers are 14 times eisier to remember than numbers. The problem is good branded numbers are expensive, and hard to find. If you go to ebay and check out price for vanity numbers they cost from $300-$20,000.

9. No Peer Groups To Bounce Questions Off-If you are a successful investor, it is hard to find other successful investors in your own market place that will share tips and advice with you. Other successful investors don’t want you to know what they are doing because they are afraid that you will do it. To get around this problem it is important to network with people outside of your market who don’t mind sharing because you are not their competition (there in New York your in Florida).

Those are just a few of the problems facing investors today. If you would like a inexpensive solution to each of those problems the Real Estate Business In A Box is for you.(by inexpensive I mean dirt cheap) There is only one program allowed per zip code or area. Once your area is gone, then your on your own. I guarantee you will be blown away.

Check out my real estate investing sytems at:
www.UltimateWholesalingsystem.com- the only real estate wholesaling system you will ever need.
www.BirdDogBiz.com- A great real estate bird dog system that allow you to earn while you learn investing.
www.Investorslunch.com – an introduction to wholesaling real estate
www.birddogslunch.com – an introduction to becoming a real estate bird dog.
Plus I am a contributing member of the real estate investing forums at www.Themillionaireuniversity.com

Real estate wholesaling is without a doubt the lowest risk, and highest paying way to invest in real estate.

Real Estate Wholesaling Is For You If:

1. You dont’ like the risk associated with traditional real estate wholesaling- Traditional investing methods involve owning a piece of property and hoping that it increases in value. Meanwhile your losing sleep because of a plummeting real estate market, or you have to deal with pain in the a$$ tenants.
2. You don’t have piles of cash to invest or no cash at all-Many of you want to become investors because you want money, not because you already have money. Traditional investing is next to impossible without money….Not real estate wholesaling though!
3. You live in an area where housing prices are flat or falling quickly-Since real estate wholesaling does not require you to buy anything…..You can easily make stress free income, in any real estate market.
4. You don’t have credit, or you have bruised credit!-Just because life has handed you some tough luck, doesn’t mean that you should be banned from real estate investing forever….Real estate wholesaling requires no credit.
5. You have no experience as a real estate investor-Real estate wholesaling is the perfect way to break into the real estate investing business. Since wholesaling is a risk free, and requires no cash and no credit, there are no barriers between you and the success that you deserve.
6. You could use an extra $5,000-$30,000 a month-Wholesaling real estate is without a doubt the highest paying and lowest risk way to get started as a real estate investor….Real estate wholesaling truly allows you to write your own paycheck.
7. You would like more time to spend doing the things you love-Real estate wholesaling provides you with full time pay, for doing part time work. Does it get any better than that!….No risk, full time pay for part time work, no credit needed, and no cash needed….need I say more?
8. You like the thought of real estate investing, but hate the thought of tenants-Right now I have over 35 rentals, let me tell you unless you have a “turn excuses into dollar bills converter” I would suggest wholesaling any day over being a landlord!
9. You hate the traditional 9-5, lever pulling, a$$ kissing, sucking up thing….that some people call a job!-Okay this one is my hot button…..I don’t know about you….But, God did not put me on this earth to trade my time, my esteem, and healthy years slaving away doing something I don’t enjoy.
10. You aren’t the smartest guy in the world-I have to admit this is one of the reasons that I enjoy real estate wholesaling so much. I am not that smart, but I can make alot of money as a real estate wholesaler.

To get your FREE Report: 6 Steps to Wholesaling Success Click Here

Check out my real estate investing sytems at:
www.UltimateWholesalingsystem.com- the only real estate wholesaling system you will ever need.
www.BirdDogBiz.com- A great real estate bird dog system that allow you to earn while you learn investing.
www.Investorslunch.com – an introduction to wholesaling real estate
www.birddogslunch.com – an introduction to becoming a real estate bird dog.
Plus I am a contributing member of the real estate investing forums at www.Themillionaireuniversity.com

Many new real estate wholesalers are curious about how long it will take to get their first paycheck. From my experience you can be getting paid in as little as two weeks depending on how quickly that you build your buyers list. Once you have a good buyers list in place then you are ready to start making some serious money. Here are some of the variables that will effect the speed that you can expect to get your first pay check from real estate wholesaling.

1. Type of financing your buyers are using- The type of financing that your buyers are using will often dictate the speed of closing the deal.

• Cash buyers- I have seen cash buyers close in as little as one week, but typically expect them to close in two to three weeks.
• Bank financing- I usually plan on deals that will be financed through the bank to take around 30-45 days to get to the closing table.
• Seller financing- I have seen seller financed deals close in as little as one week, but often times closings will occur in two to three weeks.

2. Time to get a clear title- If a home has a paper trail that is free of liens, encumbrances, and other title issues, then title policies can be issued to your buyer in as little as three days. On the other hand, I have seen homes that took over 30 days to get the title cleared. In a case like that, patience is a must.

3. The seller’s time line- Some sellers will want to close as soon as possible and others may want to take their time. Typical closing times are three to five weeks from the day that the contract is signed. The main reason for sellers taking extra long to close is that they do not have another home lined up to move into.

4. The buyer’s time line- Many investors will try to close as late as the seller will allow. This is especially true of other wholesalers because they want as much time as possible to line up another buyer for the property.

Those are the four most critical factors in determining how fast you will be able to make money wholesaling real estate.

Eric Medemar is a Real Estate Investor/Consultant 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 The Millionaire University

I get email virtually every day from people who want to know where to find buyers for their real estate wholesaling deals. So I figured I would put together most of the ideas that I have used or have seen used for finding buyers. I have used all of these in my own real estate wholesaling business

Keep in mind these are ways that I or my clients have actually used, so I know that they work because I have done it.

1. We Buy Houses Signs I call every single one of these signs that I see, I actually keep a note book full of numbers and info that I find out about these companies when I call.

I usually ask them whether they are still buying, what they are looking for, what percentage up FMV they are typically paying, and what areas of town they want to buy in.

While I have them on the phone I also ask them if they wholesale out any of their homes, if they do then I ask them to call me when they have something good. I tell them that if the deal is right I can close in less than 2 weeks with cash.(I can do this because I have other buyers already in place to buy their deals, sometimes these buyers could be other cash for your house buyers)

Here is a sample of a deal that I put together using this.

1. I called a we buy houses sign
2. Found out where they were looking
3. Put a home under contract for $52k in that area
4. Called them and let them know.
5. I signed a 6 month lease option with them for $64k
6. I closed the home.
7. The lease option started
8. He sold the home
9. We close this week, I make about $12,000 (I also made commission when I bought the house, because im a realtor)
10. He makes around $12k.
11. Were all happy.

Take a real estate wholesaler to lunch visit http://www.investorslunch.com/

2. Call realtors I call realtors and find out if they have any cash buyers that are looking to buy some wholesale deals. It varies on what I offer to pay them but typically I offer 10%-20% of my profit, or a flat 2-3% fee, each time the buyer they have given me buys a home. It creates a win- win, I get a buyer and they get paid whenever their buyer buys a home.

I offer the continuous pay because a realtors worst fear is that they give you a buyer and he buys from you, then when they have a good property to show their buyers they cant buy because they have already purchased from you.

If the realtors dont have cash buyers, I tell them that if they bump into any great deals, they should call me and if the deals good enough we can buy with cash and close in less than 2 weeks.( Often times you can use other realtors buyers to buy another realtors house and you can make money setting the two up)

An example of one of my clients deals that he ran this way.

1. I called my client about a great HUD deal
2. He liked the deal and put the home under contract for $115k (I made a $4800 commission on the home when it closed so I was happy)
3. We had 60 days to close the HUD home so he started calling realtors
4. He found a realtor with a cash buyer that was willing to pay $122,000
5. We assigned the contract (this is a secret)
6. We went to closing and his buyer brought $122,000 cashiers check.
7. My buyer left with a check for $7,000 ( he used none of his own money, and I found him the house so he was happy)
8. I left with my $4800 commission
9. The realtor who brought the buyer took no commission but got a commitment from his buyer that he would list the home with him when he sold it.

3. Newspaper ads I dont personally use this one, I have clients who have had great success with it though. They simply place a small classified ad that reads “Looking for buyers to purchase homes at 50-70% of true value”

I have picked up endless buyers with this ad though “Free List of 45 foreclosed/distressed homes” call or visit www.$$$.com. The reason that I have had so much success with this ad is because anyone thinking of buying real estate would much rather get a free list of 45 then have to call each individual ad. You can have a local realtor put together a list of properties for you and email them to you if you cant find your own. Then take the list that they send you and email it out to people that respond to your ad. Keep in mind you dont really care about the list that you send, you care about getting the name, phone number, and buying qualifications of responding buyers.

A real life example.
1. I placed my free list ad
2. I got about 30 responses for the month
3. Found one buyer who has paid me over $75,000 in commisions over the next 3 years on deals I brought him.

These were realtor commissions, but if you can find a buyer who is taking the kind of action he was you could seriously line your pockets wholesaling to him.

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4. HUD homes this is my own technique that I started using to get buyers just for my realtor purposes. Watch for a great deal on a HUD home or any great deal for that matter, then park outside for a few hours and talk to the people going to check out the home. Most of the areas investors will find there way to the property and you can give them your card and be sure to get there info. Tell them that you run into alot of deals and ask them if they would like you to give them a call when you run into something decent.

A personal example.

1. I went to look at a good HUD home that I was going to buy myself.
2. The neighbor came over and wanted to see the home while I was there.
3. I showed him the home and he ended up buying it from me.
4. I ended up making $2500 in commission on it.

If I were not a realtor, I would have simply talked to him and found out what he was willing to pay, then wrote up a wholesale contract, then put the home under contract with HUD, then played the spread.

This was my most recent deal, but I have picked up endless buyers for other homes while parked outside of HUD homes. I call it hunting for buyers. Its kind of like deer hunting with a bait pile. The home is the bait pile and the buyers are all coming to eat.

Take advantage of my proven real estate system visit http://www.theforeclosurecollege.com/

4. Talk to your current buyers buyer typically know other buyers, ask your buyers if they know of anyone else who is buying (let them know you will only call the referal if they are passing on the property). You also might offer to pay your buyer for a referall fee if one of there people end up buying a house from you. This technique also works great if you have a buyer that only wants to buy in a certain area, then you can call their referall if you have a home outside that area.

Personal example.

1. One of my buyers had too many homes and could not buy.
2. I asked him if he knew anyone else who might be interested.
3. He gave me the number to a cousin who was an even bigger investor
4. I ended up selling 3 homes to his cousin this year, and paid him a referal for each one.

5.Local REI meetings If you have a local investor club join it, if you dont then start one. It kind of speaks for itself that this is where many great buyers will be. Just be sure you know a fair bit about what you are doing before talking to very many people about potential deals. The last thing you want to do is burn alot of bridges by showing your new found buyers a bunch of crap.

6. Birddogs for buyers Outside of having bird dogs look for homes for you, you can also have them look for buyers for you. Give them your cards and have them hand them out to people they might meet that are looking to get into real estate investing.

7. Brochure Boxes Just like realtors use brochure boxes you can use them to. If you have a property to move leave a brochure box that talks minimally about the property that it is left at, always be sure to leave out pertitant info like price, sqft, or bed/baths. If you give all the info away then people will never call you about the property. Focus the brochure mainly on other potential deals in the area or say that you are looking for buyers for properties at 50-70%FMV.

Find out about government foreclosures Click Here!

8. Out of towner and landlords Many people sell themselves short when they are dialing for dollars. Typically people call or mail out of town owners and other landlords to see if they want to sell. The funny part is if they dont want to sell then there is a chance that they want to buy, so ask them if they arent selling, then would they like to buy some more, or if your mailing then include buying info on your mailer as well.

For more info on wholesaling real estate and real estate bird dogging

Eric Medemar specializes in Grand Rapids Foreclosures, Grand Rapids HUD homes, and Grand Rapids Real Estate Investing.

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.

Why didn’t I learn sooner? Wholesaling real estate, has always been there but where was I?

I feel like standing up and shouting to the world “Learn to make money!”. I know this sounds a bit crazy, but far too many of you are learning to make a living rather, learning to make money. There is a tremendous difference.

By learning to make money rather than learning to make a living, you free yourself from the confines of being a slave to traditional employment.

I can’t even explain to you how great of a business that real estate wholesaling is. I just wrapped up one more deal this week. I picked up a home for $12,000 and just finished closing it for $30,000.

After all was said and done I cleared about $16,000.

Now to many of you that may not sound like a lot of money. But, when you consider that the average american works about 2000 hours a year, that little deal just game me a pay raise of $8.00/hr.

Now to the sad part. If I would have done just one deal like this when I was in college I could have taken all four summers off instead of slaving away at the construction site.

Wholesaling real estate has shown me time and time again

I have been getting alot of emails from people wanting investment ideas and advice, I wish I had the time to answer all of the questions personally, but I do not. Here is a list of the resources that I have available for real estate investing.

I put these programs together after buying many courses and systems for myself. I wanted to have a great LOW COST system so that anyone who wants to have success in the real estate investing business will have the chance.

http://www.ultimatewholesalingsystem.com/ – This is a complete real estate wholesaling system that covers every question that you could think of about real estate wholesaling. It includes a 150 page guide, 3 CD’s of audio and include 6 FREE Bonuses (Assignment contracts, Inspection Cheat Sheets, etc)

http://www.theforeclosurecollege.com/ – This system includes a complete real estate system for either wholesaling or birddogging plus use of my 1-877-You-Ugly phone number, and use of my http://www.offersinaday.com/ website, plus one-one coaching with me.

http://www.birddogbiz.com/- This is a complete guide to real estate bird dogging. It includes a 150 page guide 3 CD’s worth of audio and 6 FREE Bonuses (Bird Dog Contracts, Inspection Cheat Sheets, etc)

http://www.investorslunch.com/ – This $29.95 course is an introduction to real estate wholesaling and includes the introduction to wholesaling Guide, as well as audio program Plus Assingment contracts, etc.

http://www.birddogslunch.com/ – This 29.95 course is an introduction to becoming a real estate bird dog and includes a introduction to bird dogging guide, as well as audio program plus Bird dog contracts, inspection cheat sheets.

All of my systems are backed by 100% Money back, no hassle guarantee. Try the product if you don’t like it, then email my office and we will happily refund your money.

Have a great year and I wish you much success.

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.

For ways to succeed at wholesaling real estate out http://www.ultimatewholesalingsytem.com/

There are numerous reasons why investors 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 actually teach newbie investors the wrong way.

For the best real estate wholesaling system under $30.00 check out http://www.investorslunch.com/

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 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.

For a FREE list of 213 Foreclosures visit www.Incomehomes.com

Real Estate Wholesaling is one of the most powerful wealth builders that does not require cash or credit. Far too many people complicate the wholesaling real estate process with their “what if” worries. What if I cannot find a buyer? What if the market changes? These are just a couple of the “what ifs” that first time and even seasoned real estate wholesalers spend far too much time on. Detachment is the process of pulling your emotions away from the outcome of any scenario.

The process of detachment will help you pull your emotions out of the real estate transaction. Detachment leaves you in a far better place to make decisions relating to real estate wholesaling, because there is no emotion or baggage that you need to include. Detachment sets you free from “what ifs”, because all of your “what ifs” can be answered with “so whats”. Not that your “what if’s” are not legitimate concerns, but most of the time they are only emotional responses to issues that you bring up in your own head, rather than real world happenings.

Detachment can be achieved through realizing that “you” are not your outcomes. If the real estate market plummets to 10 year lows, you are still you. If the market skyrockets to all time highs, you are still just you. “You” will essentially be just you, regardless of the outcome of any real estate transaction. So stop stalling, I promise the world will not end if you make a mistake.

Feel free to check out my real estate wholesaling and real estate bird dog blog at www.birddogsblog.com, or check out my real estate wholesaling Real Estate Courses at www.UltimateWholesalingSystem.com or www.TheForeclosureCollege.com or my $30 introduction to real estate wholesaling course at www.InvestorsLunch.com

Check out my real estate investing courses at:
www.UltimateWholesalingSystem.com
www.BirdDogBiz.com
www.InvestorsLunch.com
www.BirdDogsLunch.com
www.TheForeclosureCollege.com

As real estate investors many of us are all too familiar with termites. I have lost a couple of sales because a home was infested with termites. Why are termites so dangerous? After all they are just a small bug, what harm could one little bug do? As I am sure you know, it’s not one termite that destroys a house, it’s a colony, but a colony is started with just a couple of bugs. If a couple of termites are allowed to penetrate the foundation of a home, a colony will soon arise.

Bad thoughts are a lot like termites. One bad thought will not take you down. The problem is, if you let one bad thought in, then one leads to another, then another. Soon you have your own colony of bad thoughts. It will not take long for a colony of bad thoughts to begin munching away at the foundation of your life.

Food for your bad thoughts is available every where. Our morning news is a breakfast for the termites of our minds. “Three dead today in a triple homicide” touts the smiling news person. Followed by “Our housing market is tumbling faster than Brittney’s career”. The amazing thing with the news is that many Americans start their days with the news, and end their days with the news. I guess bad thoughts need their dinner too.

It is no wonder that America is one of the most wealthy nations of the world, yet our depression rates are skyrocketing, and our health is tumbling more rapidly than ever. So many Americans are being eaten alive by the termites of their minds. I think it’s time to send in the termite inspector for the mind, that inspector is awareness.

We need to pay attention to. the things that we pay attention to. We need to start a bad thought extermination program. By taking the food from the bad thoughts, soon the bad thoughts will realize that they need to go someplace else if they want to eat. What are you feeding your mind? Are you starting your days with the breakfast of champions, or with 2 homicides over easy, and a side order of doom?

Feel free to check out my real estate wholesaling and real estate bird dog blog at www.birddogsblog..com, or check out my real estate wholesaling Real Estate Courses at www.UltimateWholesalingSystem.com or www.TheForeclosureCollege.com or my $30 introduction to real estate wholesaling course at www.InvestorsLunch.com