Free No B.S. wholesaling real estate tips, tricks and tactics from wholesaling expert Eric Medemar. Wholesaling houses and wholesaling property has never been so easy

Real Estate Investing Guide: Is the Market Too Slow?

This article is an excerpt from my Real Estate Investing Newsletter

Over the holidays I had the pleasure of speaking with one of my coaching students about a closing that he just finished. This was no ordinary closing, this was his first closing since he had started living his dream of becoming a real estate investor. Ever since Jay was about 15 years old, he said that he had been fascinated by real estate investing. Coming from an extremely humble beginnings Jay knew that college most likely would not be an option for him. Jay saw real estate as his only escape from the traditional 9-5 blue collar jobs that his parent had worked so desperately hard at for most of his life.

Jay did not do particularly well in school, he was more of a daydreamer. Of course our school systems don’t offer many rewards for daydreamers. Instead the daydreamers of our world are poked and prodded until they become like everyone else. Luckily for Jay he had a strong will like his mother. When the bad grades arrived Jay did not see them as reflecting on him. Instead he looked at his “Bad grades”as an indicator that he was doing something right, because from the looks of things being just like everybody else didn’t look so rewarding.

I asked Jay what advice he had for other rookie investors who are currently struggling to keep their faith about investing during these “Troubled times”. His answer was no less than perfection, “Troubled times, I guess I didn’t know we were having troubled times Eric. Maybe while I was daydreaming about what could be, I forget to pay attention to how bad the market supposedly is”.

Then this once labeled “Slow” 22 year old man said one of the greatest lines I have ever heard. He said “Eric just a minute, let me run into the dining room and grab my check, maybe my check can tell you about our troubled times”.

I cannot tell you how much I appreciated spending time on the phone with Jay. How many of you would be much better off being just a little “Slow” and decided not to listen to your friends, family and the media about how “Bad” our market is.

The problem with the “Bad market” mindset is that if you think the markets bad, then it is. Once your reality says the market is bad, then you severely limit your chances of accomplishing anything. Instead of seeing our real estate market as either good or bad, just see it as “The market”, then adjust your real estate investing strategies accordingly.

If you would like to learn more real estate investing strategies for investing in a slow real estate market please visit my site www.GreatGuruGiveaway.com

Real Estate Investing Guide: Wholesaling Profits

How much money Should I make per wholesaling/Flipping deal it sounds like $10k is the going rate?

I know my market wont bear too many $10,000+ wholesale deals right now. Maybe a few here or there, I have had a couple of people make $40k plus. The factor that many investors fail to look at when they want to make $10k+ per deal is how many $5k-8k deals are they passing on while they are waiting for a $10k deal. I would much rather do 4x$5k deals in a month then a $10k deal every 2 months.

One huge factor that most people forget drives price besides location, and condition of the home is the amount of investor competition in the area. Too many investors make prices artificially climb. One large investor willing to except $5k a deal could literally knock every other investor out of decent profits.

When I meet with new investors I tell them my program:

1. I will tell you how much I can sell the home for when its done and how fast I can sell it at that price.

2. You tell me how much you will have into repairs.

3. Then decide how greedy you are.

I have had investors looking for a GREAT deal for months while my other investors settle for GOOD deals and are doing a couple per month.

$8,000 profit will always be $8,000 that you didn’t have before, if you see a lot of great deals then go for those, but if your 1 or 2 months in and haven’t found your $10k deal then maybe you need to lower your standards a bit.

Many rookie real estate investors use the “Waiting” game for huge profits as a crutch so they don’t have to ever step up to the plate. These rookies run around talking about being an investor, looking at homes, doing their courses, and keep getting ready to get ready. Then when people ask them how many deals they have done they can say “I’m still looking, just have not found the right house yet”.

You do need to do your homework don’t get me wrong, the last thing you need to do is buy a $200k home and make only $10k. In my market many real estate investors are waiting for some GREAT deals to come up in the nicer areas ($85k to $300k), the problem is these deals are not coming around often enough. Then when these “Super deals” do come up they are no longer “Super deals” because everyone wants them.

Meanwhile you could be buying in the “bad part of the city” where wholesaling produces less money, but higher volume availability. The investors looking in the pretty areas do not want to buy in this area because “its not a nice neighborhood”. Great for you,

So to reiterate:

Most real estate wholesalers are waiting to maybe make $10k per transaction. But, these deals come around about once or twice a month with fierce competition.

I would rather pick up 5-6 deals a month making $5-8k per deal on homes than not doing any deals at all.

I want to leave you with something to think about. “thinking about getting into real estate” for more than a month, then your no longer “thinking about getting into real estate” your just “Thinking of reasons why you can’t do it”.

To Your Success,
Eric Medemar

P.S If you want to learn how to make between $5,000-$20,000 per deal feel free to visit http://www.GreatGuruGiveaway.com (Oh, and we are giving away a FREE House)

Investing In Real Estate: 5×5 Decision Making System

Being in the real estate wholesaling business I have learned alot of things and this is one of them.

In order to change your life, you must first change the decisions that you make a daily basis. Poor decision making can account for up to 99% of your current position in life. In order to make better decisions we must first identify all of the decisions that we have made that have gotten us up to where we are today. Without knowing the good and bad decisions that we have made it will be nearly impossible to change our lives.

So why do you make so many bad decisions? One of the main reasons for our complete lack of decision-making ability is that our minds are preprogrammed for short term pleasure. Short term pleasure does not necessarily mean that we enjoy what we are doing. Short term pleasure can be derived simply by thinking that what we are currently doing is easier than our other alternatives. The funny part is “easier” does not always mean easier either. Short-term easy often means less effort or less immediate pain. To make things even more complicated “pain” does not always mean pain either. Pain is far too often thrown into a group with performing the unknown. It’s funny how many people would much rather have a painful “known” thing happen rather than commit to a wonderful “unknown”.

One of the tools that I have developed to get around our poor decision making skills is called the 5×5 method. Whenever you need to make a decision ask yourself 5 simple questions.

1. How will this decision impact my life 5 minutes from now.

2. How will this decision impact my life 5 hours from now.

3. If I keep making this decision, how will it affect my life 5 weeks from now.

4. If I keep making this decision, how will it affect my life 5 months from now.

5. If I keep making this decision, how will it affect my life 5 years from now.

If you can derive a positive answer to all of those questions then you can rest easy knowing that you have made a good decision.

If you are interested in Grand Rapids Foreclosures you must check out this site: www.Incomehomes.com

WE are giving away a house for FREE check out our Home Raffle site

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.

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

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