Real Estate Wholesaling Made Simple

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/

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.

This is one of my favorite Wholesaling Real Estate Stories

So i get a call from a past client stating that his manager will be calling me to buy an investment property. We talk back and forth on the phone for weeks. I think he maybe in the “Getting Ready to Get Ready” stage of investing. Finally I get him out to look at a 5 unit that should be marketed for around $240,000 and my wholesaler was going to sell him the house for $210,000. When we were leaving the house he asked my wholesaler for a card. After weeks of over analyzation on the house he decided to pass.

To get started with a great Real Estate Bird Dog Course visit www.BirdDogBiz.com

Fast forward 2 weeks, and I get a call on Monday from my wholesaler and he said that this buyer had gone around me and called him, and told him not to pay me for anything he bought. He actually said I dont want Eric to know about us and I can save money if you dont pay him. My wholesaler and I have a great business relationship so I just told him to pay me 4% on whatever he bought. Well that thursday I took out the super buyer to look at homes and found a perfect investment property worth about 75k for 57k, he hemmed and hawwed, so I finally told him hay if you dont buy it I will so make up your mind. He called 15 minutes later and said I have some other projects going so Im going to have to pass on this one, because I have some other deals im looking at. Not 2 minutes after he called my wholesale guy calls me and tells me that the buyer called him and said he wanted to buy a 2 unit that I had sold to my buyer the first time around, the home he was selling was not a great deal in the least, but hey the buyer was on his own now. So the buyer ended up buying from my wholesaler and not knowing that I made 4% of 80k rather that 3% of 57k.

Oh but it gets much better, I went ahead and bought the property that he had passed on for 57k and then collected the 3% commission.

Oh it gets even better, I didnt need anymoney to close because I had sold the property to my wholesalers dad for 65k, he brough a cashiers check and we did a back to back closing so I didnt need a dime.

The results looked like this

without a weasel buyer I would have made 3% of 57k so around $1710

with a weasel buyer I made 3% of 57k $1710, 4% of 80k $3200 and $6500 wholesaling the property using none of my own money. for a total of a
Weasel killing $11,410 all done using none of my own cash, none of my own credit.

If you would like to talk to me personally about making huge profits through flipping visit www.TheForeclosureCollege.com

or checkout my audio Program www.InvestorsLunch.com

Happiness is such a vastly strange thing. We all want it, we know what it is, but many of us are not as happy as what we would like to be. Take a moment and answer the question: “What are the things that make me happy?” try to take about two minutes to answer the question. Make a good list.

After you fill out your list, click here for the answer

What is real estate wholesaling?

Real estate wholesaling is the process of putting buyers and sellers together for profit. Just like many businesses have a middleman that they buy their products from, real estate wholesalers find the products (houses) for the end user (buyers) and make a profit for doing so.

To keep it easy, I am going to compare real estate wholesaling to selling a bike when you have no money to buy it.

In order to make money on any product you need to find the product for less money than what you intend to sell it for. For conversation sake, let’s say you found a bicycle that you knew you could sell for $200 if you put the pedals back on. Without the pedals you could sell the bike for $150. If you had the money you could buy the bike for $100. The problem is you have no money to buy the bike or the pedals. You are flat broke.

In the old days you would have had to walk away from this deal.

Not with wholesaling, with wholesaling you don’t need money or credit. Instead you talk to the owner of the bike and make him an offer to buy the bike for $100. Then you tell the owner that you don’t need to take the bike. You would just like him to hold the bike for 3 days, and you will work on finding the money to buy it. If after 3 days you don’t have the money, he can go ahead and sell it to someone else.

Once the owner agrees you call up Fred who you know is looking for a great deal on a bike. You tell Fred, “Hey Fred, I found a great deal on a bike, this bike will sell for $200 when you put the pedals on, you could buy some pedals for $10 at the hardware”. You go on to say “You are not going to believe this Fred but I am selling this bike for $130″. Fred says “Awesome, when can I pick it up”.

You call the owner of the bike and let him know that you will be buying the bike as long as your friend says it has no problems. Then you ask him if you could pick up the bike and have a friend look it over. Then you pick up the bike from the owner and call Fred. Fred gives you $130 for the bike. You go and pay the bike owner $100. The bikes owner is happy. Fred got a great deal on a bike. You made $30 for not spending a penny, all you had to do was make a couple of phone calls.

I have just recieved my Vena Jones Cox real estate system and will be reviewing all of the details over the next couple of days. I will post my review of her system shortly. From what I have seen…….?

Eric Medemar is the author of http://www.investorslunch.com/ a 29.95 guide to wholesaling real estate or http://www.theforeclosurecollege.com/ a full use of Eric’s Current system of selling real estate wholesaling.

Real Estate

From my experience we all have a very good chance at being successful, except we get in our own way ALOT.

Most of us live in America, America is the only country on the planet that is followed by the word dream, there is no French dream, chinese dream, just the good old American Dream yet somehow many of us stop dreaming by the time we get to our 20′s or many times even earlier.

So why do we many of us fall so short on our potential? From my experience, our greatest gift, is also our greatest detriment. Humans are the only living creatures that can think about the future. This is a gift in that it allows us to think about what is going to happen when we do something before we do it. The danger is that we often over think, and “what if” ourselves to death. Even worse than death, a vast majority of people simply become couch weights, passing their time here on earth making sure that our couches don’t get up and run away.

If you stop for a moment and evaluate why it is that you have such a hard time with life, most people say that their life is stressful. Stress, Have you ever looked out your window and seen a stress? Probably not because stress is something that we create. Regardless of who or what we try to shift the blame to stress can only be caused by one person. Yes, that person is you.

Stress is simply just an outcome from the gift of future thinking. Stress comes when we try to see what is going to happen in the future, and we don’t like what we “think” we will see. More often then not things dont end up nearly as badly as what our minds lead us to believe that it will. Simply put stress is nothing more than thought. Practically every bad thing in our life comes from thought. If you want to feel bad think bad thoughts, if you want to feel good think good thoughts.

Yet our schools, our parents, and our employers never teach us about the intracacies of our minds. We all go through life under this illusion of struggle. When in reality most struggle is created by our minds.

People fail to realize the power that their thoughts. Think for a moment about the average realtor who has a “stressful job”. My guess is thier actual job is to show up at work, type something, talk into a phone, and write some stuff and maybe drive some people around. I think you will agree that is what most realtors do in a physical sense. The part that everyone seems to struggle with is the inner game. The stress game. “Oh, I make alot of money but my job is very stressful”, I have heard it a million times. Ok, why the stress? Well its my buyers, its a huge workload, etc, etc. The real reason that anything is stressful is because we think that our future happenings are not going to meet our satisfaction thereby creating this illusion of stress.

Real Estate Wholesalers could double and even quadruple there rate of success if they could learn to control their minds. The doubt, the worry, the fear, can all be banished if you recognize that ALL of those things are created solely by you, in your mind.

“The Mind is a wonderful servant, but a terrible master”

I have alot more to say on the subject, and hope that at least one person finds this helpful.

FREE REPORT “Buying Your First Rental Property”

Eric Medemar Specializes in Grand Rapids Foreclosures, and grand rapids rental property. His online programs include wholesaling realestate www.InvestorsLunch.com and www.TheForeclosureCollege.com
real estate wholesaling

Many of the people that go into real estate wholesaling do so because they lack the capital or credit necessary to buy and sell homes with their own money. The problem that many real estate wholesaler’s face is getting around the required earnest money.

Earnest money is the money required by the sellers if they decide to accept your offer. Sellers view earnest money as an indicator that you are serious about buying their home. Many sellers will think that if you are planning on giving them earnest money, then you must not be serious about purchasing their home.

The key to getting around the earnest money situation, as well as eliminating much of the risk in the transaction is to put a special inspection clause into the contract. An inspection clause is a clause in the real estate contract that says you have a certain amount of days to inspect the property. If the inspections are not to your satisfaction then you may cancel the contract. Along with the inspection clause you ad that the earnest money will be due upon the release of the inspection clause at the end of the inspection period.

By making the earnest money due at the end of the inspection clause, you will be able to get your buyers through during the inspection period. If your buyers do like the home then get a non-refundable earnest money deposit from them which you will end up giving to the seller. If your buyers do not like the home then simply cancel the contract.

Eric Medemar is a real estate consultant/investor/realtor with over 35 properties. Eric is considered by many to be on of the countries leading experts in real estate wholesaling. His real estate wholesaling courses include: http://www.InvestorsLunch.com This low cost Introduction to real estate wholesaling has been called The Best Course For Under $30, that I have ever seen by newbie investors from accross the U.S. Eric’s second course is http://www.TheForeclosureCollege.com this one of a kind real estate course allows you to talk with Eric one-one, use his branded toll free number, plus his profit generating website. You can view Eric’s Blog at http://www.TheMillionairesBlog.com
Article Source: http://EzineArticles.com/?expert=Eric_Medemar http://EzineArticles.com/?Wholesaling-Real-Estate:-What-To-Do-If-You-Have-No-Deposit&id=647975

I just found this awesome landlord T-shirt site, It cracked me up www.Section8Clothing.com

Ok, now to be honest you did not need more than 1 second to answer that question let alone 2 minutes. The only person, thing, or action that truly “makes” you happy is you. Regardless of what you listed on your “make me happy” list, it all boils down to you. The things that you perceive to make you happy, only make you feel happiness because it is at those points in time that you allow yourself to be happy.

Sadly we no longer acquire things to live as we did in the cave man days, now we live to acquire. Think for a moment about the stupid things you tell yourself about happiness. “Oh, I will be so happy when I get that car”, “Oh, when I retire I will be so happy”, “As soon as I make $100,000 I will be so happy”. Happiness is always there, like a caged animal in your mind. The moments that you allow yourself to be happy, are the only moments that you unlock the cage and let happiness run free. No sooner than happiness is set free, we come up with more things to be done in order for happiness to once again be released from the cages of our minds.

Look at all of the things that you currently have in your life. I am guessing that at one time or another you had thought to yourself, when I get this I will be happy. Well, you got it and………….

Everything that we as people do boils down to a level of happiness that we would like to achieve. We delay our happiness until certain moments arrive that we allow ourselves to be happy. The problem is when we get to those moments of arrival, the happiness is very short lived. Once that moment of finally arrives; we don’t truly enjoy the happiness that we thought we would. Instead we begin thinking of bigger better things to delay our happiness, and the cycle continues on and on and on.

I encourage you, go to your cage and throw the lock away. Let your happiness run free until you find something worthy of caging it again. This world of caging happiness until we have a reason to set it free is a very miserable place.

Real Estate wholesaling is by far the greatest way to build wealth without capital or credit. This week I am putting together a real estate wholesale deal for my dad as a favor and he doesnt even need to participate.

2 weeks ago I found him a great deal on a Grand Rapids Foreclosure. We ended up getting it for about $43,000. We will be closing on it in about 2 more weeks. Today I got a call from a buyer who was looking at one of my deals that I am wholesaling, except she didnt like it. So I ran her by the one that I got for my dad. She loved it and is wants to buy the home for $57,000. I called him, and hes thinking on it. If he goes with it essentially he will make $13,000 after expenses for a home that I found him, and brought the buyer to.

Some people get there dads bad ties, I got mine $13,000 in profit. (Thats alot of ties)

To use my system for wholesaling real estate visit http://www.theforeclosurecollege.com/

To Take me to lunch visit http://www.investorslunch.com/ (I promise I wont drink)