Real Estate Investing Guide: No Money Down Investing Strategies

Real Estate Investing Guide: No Money Down Investing Strategies




Check out the new real estate investing forums at www.Themillionaireuniversity.com

Eric Medemar is a real estate investor 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.

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

Real Estate Investing: 3 Actions For Guaranteed Success!

Check out the new real estate investing forums at www.Themillionaireuniversity.com

Eric Medemar is a real estate investor 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.

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

Real Estate Investing Courses: Why Do Some Succeed While Others Fail?

As an author of several highly successful real estate investing courses I have often been perplexed by the success of those using my course material. I have always had a very curious mind as to what leads some of my students to real estate investing success, while others do absolutely nothing with what they have learned. I decided to survey some of my successful students and some of my unsuccessful students the results may surprise you.

One of the most powerful findings that I came across had to do with the initial intentions of the purchaser. Why were they buying the course? The “Why” became one of the most important factors in determining whether or not my student would become a real estate success story, or just another sad statistic. The successful students did not buy the course because they thought it would be a magic pill that would lead to real estate investing success. Instead they bought the course as a tool to add to their investing success tool kit. The unsuccessful students, on the other hand bought the course because they thought it would be the holy grail of investing success. They thought it would be the magic pill that would instantly transform their real estate investing lives with no effort on their part.

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Check out the new real estate investing forums at www.Themillionaireuniversity.com

Eric Medemar is a real estate investor 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.

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

REI Summit 2008: 12 Experts 12 Days FREE

Don't miss your chance to Listen in with 12 Real Estate Investing Experts including myself for FREE All at REI Summit 2008.

Starting today www.REISummit2008.com Kicks off with a bang! Be sure to register, only 1000 slots will be open for the teleconference tonight.

Alan Cowgill: Private Lending Expert

Founder of Private Lending Made Easy and the Wildly Popular Where to Get the Money Systems

Diane Kennedy: Tax Strategist and Wealth Creation Expert

Rich Dad Advisor, Best-Selling Author of Tax Loopholes for Real Estate Investors and founder of Tax Loopholes the ultimate resource for paying less tax… legally.

Peter Conti: No Money Down Expert

Best-Selling Author of How to Create Multiple Streams of Income Buying Nice Homes in Nice Areas with Nothing Down, the newly released Commercial Real Estate Investing for Dummies and founder of Mentor Financial Group.

Tom Kish: Unsecured Business Lines of Credit Expert

Creator of The Ultimate Real Estate Investor's Guide: How to Create Wealth Without Using Your Own Cash.

Susan Lassiter-Lyons: Investor Financing Expert

Investor Finance Specialist, Private Equity Mortgage Portfolio Manager, Author of Mortgage Secrets for Real Estate Investors and Creator of the Finance it Right!™ System for Real Estate Investors.

Brad Wozny: Strategic Business Systems and Syndication Expert

Founder of the 8 FIGURE Empire™ strategic syndication system, where you’ll discover from Brad how to quickly become a syndicator to Generate a 6 FIGURE Bank Account and Realize 7 Figure Gains in 7 months. Brad’s endeavors have been featured in Business.com, The Toronto Star, and the Los Angeles Times. He is endorsed by Mark Victor Hansen, co-Creator of Chicken Soup for the Soul™ series, and Robert G. Allen, NY Times-Best Selling Author of Nothing Down.

Ken Stimson: Probate Investing Expert

Creator of the Rivers of Gold Probate Prospecting System.

Eric Medemar: Wholesaling Expert
Eric Medemar is the creator of The Ultimate Wholesaling System and The Ultimate Bird Dog System. Eric has been consulting with investors from New York To Los Angeles, to help them take their investing business to the next level. Eric prides himself on his innovative investing ideas ranging from his one of a kind Profit Stacking Method to his closely guarded secrets for finding and assigning HUD homes.

Dustin Scaffide: Online Lead Generation Expert

Founder of Realnopoly, Massive Online Lead Generation for Investors, Wholesalers and Bird-Dogs.

Monica Villasenor: Commercial Investing Expert

Best-selling Author of The Best Damn Commercial Investing Book Ever Written and star of the upcoming reality show, The Making of a Millionaire.

T.J. Marrs: Mortgage Acceleration Expert

Creator of the Live Free and Clear System for Mortgage Elimination in 3-9 Years, Frequent Contributor to the Wall Street Journal, CNBC’s Power Lunch and Co-Author of The Idiot’s Guide to Foreclosure Investing.

Mike Lautensack: Direct Response Marketing Expert

Founder of Real Estate Wealth Today and Recently Named One of the Top 50 Real Estate Guru’s by Guru Review.

Other Special Appearances and Bonuses...

Kevin Amolsch, author of The 45 Day Investor and Owner of 25 Lease Options

Free 12-Month Subscription to Investor Insights Monthly Newsletter

Don't miss your chance for this once in a life time real estate investing event

Real Estate Investing: Putting The Why Into Your Real Estate Investing

One of the main reasons that newbies to real estate investing never get their investing business off the ground is because they never take the time to figure out why they want to be investors. As a newbie investor you must build up enough reasons why you must succeed. Your reasons for wanting to succeed will serve as your light at the end of the tunnel when the inevitable obstacle shows up on your path to real estate success.

When you are laying out your reasons for why you want to become a real estate investor be sure that the reasons are your own. You cannot find success in life if you are trying to do it for somebody else or to impress somebody else. I know this idea may seem foreign, but many newbie investors simply stop their investing business after telling their friends and family that they are becoming a real estate investor. These newbies did not actually want to become investors, instead they wanted the respect and pride that they thought real estate investing would bring.

A strong enough why can get you through almost any challenge that the real estate investing world throws at you. Take about 10 minutes every morning as your real estate investing business is getting off the ground to review the reasons why you wanted to become an investor in the first place. This review session will keep you focused on the outcome stemming from all of your efforts.

Check out the new real estate investing forums at www.Themillionaireuniversity.com

Eric Medemar is a real estate investor 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.

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

Real Estate Investing Guide: 10 R's of Life Roles (Part 1)

The second of the 10 R's of life is roles. Not all people are familiar with their roles that they play in life. In fact many people don't even know that they fall into certain roles with certain people or certain situations.

Roles are the essentially the way your character plays out in a particular area of of your life or with a particular group of people. For instance you may be a very powerful person at work because that is your role but when you get together with your family you become a bumbling idiot. Most people are completely unconscious of the roles they play.

Roles are the way you "play the part" of what others expect of you. If other people respect you and think your a leader, then without thinking your role becomes that of a leader. On the other hand if people expect you to be an idiot, and you prove them right, even just a couple of times, then your role becomes that of an idiot.

Not all roles are bad, but it is very helpful to know the roles you fall into. What are your roles:

• At Work (Are you the office clown, the high powered executive, or the gossip?)
• At Home (Are you the enforcer of rules, the push over, or the one who is hard to get along with?)
• With your parents or in-laws (Do you keep acting like a child, are you still mommies little boy or girl? Are you still a screw up to your in laws?)
• With your friends- Are you the party animal, the gossip, or the tough one?

The trouble with roles, is that when you start falling into roles, it is very easy to become unconscious to reality. You just start "Playing your part" without any real thought as to why. Take some time to inventory the roles that you have for yourself when relating to others and then eliminate any of your roles that seem unhelpful.

A word of caution. People will want to keep you in your roles, after all, you falling into your role helps keep their world together.

To start breaking your unhealthy roles, begin by picturing in your mind what your new role will look like. How will others react to your new role? How will you feel in your new role? How will you carry yourself in your new role? What will you do differently in your new role? Then when the time comes to actually perform your new role in the physical world, you simply need to do what you have already done in your mental world.

In the next section about roles we are going to talk about the roles that we have for other people.

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Check out the new real estate investing forums at www.Themillionaireuniversity.com

Eric Medemar is a real estate investor 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.

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

Wholesaling Real Estate: Using LLC's For Real Estate Wholesaling

One of the problems in dealing trying to wholesale many of the current foreclosures is that banks will not allow their contracts to be assigned. Without the ability to assign the contracts many wholesalers have been missing out on some dynamite foreclosure deals. So how can investors get around the nonassignable contracts that many banks are using?

One of the easiest ways to get around the nonassignable contracts is to use Limited Liability Corporations (LLC's). To use an LLC on a nonassignable contract all you need to do is fill in the purchase agreement in the usual fashion. But, instead of using the typical "and/or assignees" clause, you simply fill in the name of your corporation. Then instead of assigning the contract to another investor for profit, you will sell the other investor your LLC. Because the contract is filled out in the name of the LLC you will essentially be assigning the contract when you sell the LLC.

Having said all of that, make sure that you have the LLC set up prior to writing up any contracts. If you are serious about real estate wholesaling I would recommend always having a couple of pocket LLC's ready in case a great deal comes your way. By having your LLC's ready ahead of time, you can prevent the possibility of having a paperwork slowdown at the government level. The last thing that you need to have happen is to lose out on a $15,000 profit because you did not prepare enough ahead of time.

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 wholesaling real estate blog here. Eric is also a contributing member to The Real Estate Investing Forums at www.themillionaireuniversity.com

Real Estate Investing Guide: Bad Locations Good Returns

Even in the slowest of markets you can still make money in real estate wholesaling. Even in "Bad locations" you can still make money wholesaling real estate. Here are a few of the deals that I have done in Bad locations:

A few of My "Bad Location Homes" have been like this:

paid 26k, repairs 5k, rented $675, sold for $62k
paid 38k, repairs 5k, rented $1000 (2 unit) sold for $62k
paid 33k, repairs 5k, rented $675, sold for $62k
paid 30k, repairs 12k, rented $675, sold for $62k
paid 30k, repairs 10k, rented $675k, sold it for $62k
Total paid $157, Repairs $37k, Sold $319k Gross Profit $125k

These are all homes that anyone could have bought, but they were in the "bad areas".

Im beginning to think that "good areas" might be "bad areas" for the wallet.

Look at the cash on cash returns.

Good area= 15000/100000 =15% cash on cash return

Bad area= 20000/40000= 50% cash on cash return

Good area rents $800 on $100,000 home .08% return on Rent

Bad area $675 on a $40,000 home 1.6% return on rent

But wait, your thinking bad area bad tenants, good area good tenants, right?

Wrong. Bad tenants are bad tenants ANYWHERE, good tenants are good tenants ANYWHERE.

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Real Estate Investing Courses: Where are your rollerblades?

I am often left perplexed at peoples ability to pass the blame of real estate investing courses not working for their failure as an investor. In reality, most of these people never used any of the ideas to see if they worked or not. To them I dedicate this story.

Mother came home from work to find her son frantically searching the house looking for his roller blades. You see it was the first nice day of spring, and he was just dying to get out on his roller blades. The mother and son began tearing apart the house searching high and low for the elusive roller blades. They started in the garage and worked their way through all of the closets in the house eventually stopping in the attic. The roller blades seemed to have vanished into thin air.

Finally the mother looked over to her son and said “Do you remember the last place you saw your skates?”

To which the son replied “In the basement next to the furnace”.

Mom then went on to ask “Well did you try looking there?”

No said her son “The light bulbs burnt out in the basement, it was way to scary to look down there”

Mom grabbed a flashlight and headed downstairs, the roller blades were exactly where he had left them.

How many times are you looking everywhere else but the "scary place" for the answers to life's problems? You know the scary place in your head.

Real Estate Investing Guide: Burn Your Cap And Gown For Investing Success

If you pay close attention to the way we treat learning in our society, you will quickly realize that after our formal education is complete, many of us consider our learning to be “done”. Having said that I have a recommendation to all high school seniors and college graduates across the U.S, KEEP AWAY FROM THE CAP AND GOWN. All formal education seems to end with the cap and gown, and all learning seems to end with the formal education, therefore stay away from the cap and gown and you will stay away from the end of formal education.

Once your formal education is complete, the fun learning should begin. Now is the time to start learning about the things in life that truly interest you. Move over Pythagorean theorem, Pi, and amoeba dissection. Bring on the self discovery, new hobbies, and self improvement.

If you think learning is boring try spending an afternoon with a 2-5 year old. Listen to the questions, watch their mind working, or watch as they discover something new around every corner. Far too soon these human sponges will be well on their way to disliking learning just like you. Once our school system gets their grimy little mits on the little learning sponges that we call children, thing go down hill quick.

Once our children enter school learning becomes a forced activity and all creativity involved in the learning process is left for art class once a week. Now when our little learning sponges aren't interested in learning about a particular subject, at a particular time, they are labeled ADD, a disruption in class, or slow. It is not long before their little learning sponge minds start creating the child logic short cuts like.

1. I used to learn without getting in trouble..

2. Now I get into trouble if I don't learn at a particular pace.

3. When I get into trouble I don't feel loved.

4. When I don't feel loved it makes me sad.

5. So maybe if I stop learning, I can't get into trouble for not learning fast enough, because after all this learning stuff seems to lead to pain every time. (Sure we get the occasional good job when we do something right, but when we do something wrong the whole world seems to end).

Having said that, is it any wonder why so many of us stop learning once our formal education ends?

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Eric Medemar is a real estate investor 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

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

Real Estate Investing Guide: Mistaking Investing in Information For Investing In Real Estate

One of the biggest traps that I see newbie real estate investors fall into is mistaking investing in real estate materials for actually investing in real estate. I know that all newbies know the difference, but many times their mind does not.

How many wannabe real estate investors do you know who move from real estate courses to real estate books then onto real estate forums searching for the one answer that will make all of their real estate dreams come true?

While they are on their eternal quest for the real estate golden ticket, they get tell people that they are "Working on being a real estate investor". This idea that being a person who is "Working on being a real estate investor" will in many cases fully satisfy the newbies ego, essentially giving them the feeling of being a real estate investor, without ever doing any investing. In many cases this can be a huge favor to the person who is solely looking for the feeling of being a real estate investor, those people really have no business investing anyway.

Your intentions for becoming a real estate investor will have alot to do with whether or not you will achieve any level of success. If you want to be an investor just for the sake of being an investor then your chances of success are minimal. If however you want to become an investor to achieve financial freedom for both you and your family your chances for success increase significantly.

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Eric Medemar is a real estate investor 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

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

Real Estate Wholesaling: Can It Really Be That Easy?

I have had countless people ask me why on earth I would waste my time making real estate investing courses if I was doing so well as a real estate investor. Believe me it has nothing to do with the money. I could make 10 times more money by just sticking to what I am good at, which is real estate investing. The truth is that I have always truly enjoyed teaching other people about things that I know how to do. There are truly only a couple of things in the world that I am good at and they happen to be selling real estate, investing in real estate and helping other people to get started as investors.

I would bet a vast majority of you would want to do the same thing if you saw just how awesome real estate wholesaling truly is. Real estate wholesaling has huge so many huge advantages over the traditional forms of real estate investing. I had never heard of real estate wholesaling up until a few years ago, after hearing about how easy it was I must admit I was a bit skeptical. You know the old saying “If it sounds too good to be true, it probably is”, that is exactly what I thought of real estate wholesaling at first.

How on earth could someone make that much money without the need for cash or credit? The main reasons that people are interested in real estate investing is the large profit potential. This high profit is achieved because of the large numbers that investors deal with. Think for a minute, a 10% profit on a $200,000 home is $20,000. As a real estate wholesaler you simply need to find a motivated seller who will sell at 70% of the fair market value. Then find an investor or retail buyer who will pay 80% of fair market value (which is still a great deal).

With traditional forms of investing you would have to buy the home for 70% of value, then sell the home for 80% of value. The problem with the traditional method is you need to have money to buy the the home in the first place. To get money to buy the home you need credit and usually a down payment. This leaves many people stuck dead in their tracks. Not real estate wholesalers though.

A real estate wholesaler knows that you don't need to buy the home, you just need to put the home under contract. Once you have the home under contract (purchase agreement), you simply sell the contract to the end buyer. Instead of selling homes, wholesalers sell contracts. The great part is you do not need financing or credit to get a home under contract. Can you see how easy real estate wholesaling is? You sell contracts instead of homes, it is as simple as that.

Get your FREE guide "6 Steps to Real Estate Wholesaling Success" at www.TheForeclosureCollege.com

Real Estate Investing Guide: Taking Action For Investing Success

You have read everything thing available about real estate investing. You have spend countless hours visiting the real estate investing forums. You have invested thousands in real estate investing courses. Now what? Are you doomed to the same destiny of most information junkies? Are you going to become the divorced marriage counselor? The counselor who knows all about how to save marriages but could not save their own.

So what will determine your success? Honestly it is pretty simple, so simple that it can be summed up in one word action. Taking action is what separates the men from the boys on the playground we call life. So what constitutes action? By my definition, action involves any movement in the direction of you goal or purpose on a visible plane. Now your thinking “Visible plane?”. By visible plane I mean doing something that can be seen, rather than simply thought. Thinking is great but without action, thinking will take you no where. A simple way to remember the power of action is to use the word ACT.

Action
Compensates
Tremendously

Action compensates tremendously, do you see the power in that? Taking action in any direction is truly the only way that you can ever get closer to reaching your goals in life. Even action that is completely wrong teaches you a lesson that could not have been learned by simply thinking. When Albert Einstein was asked about his thousands of scientific failures, he simply said that he successfully found thousands of ways not to do something. Each perceived failure moved him one step closer to success. Without action none of the failures would have happened, but neither would his success.

The only sure way to never succeed in as a real estate investor is to do nothing at all. Show me a man who went bankrupt while trying to become a real estate investor and I see potential. Show me a man who has knows it all, but has done nothing and I see a overweight dietician.

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Eric Medemar is a real estate investor 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

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

Real Estate Investing Guide: Directing Your Inner Publicist (Part 2)

From this point forward why not work on teaching your inner publicist to spin things in a good way. It won't be easy at first, but in time you will begin spinning the happenings of your everyday life just as a Hollywood publicist would try to spin Paris Hilton going to jail. To begin changing the way your inner publicist spins your life I have laid out these easy steps:

1. Take Notice- Whenever you are asking yourself why something happened, why things are the way they are or why someone treated you in a certain way, stop and take notice of how your inner publicist is representing each case to you conscious mind. Just notice, don't argue with it or try to prove it wrong. Just sit back and observe, observe the way you would if you were watching it on TV and someone else was going through it. Just the act of observing rather than identifying with all of the B.S that your inner publicist is feeding you, will allow you to begin freeing yourself from your thoughts

2. Consciously look for other ways to spin the story- Once you have observed your inner publicist at work and have started to notice the negative spin that it puts on the happenings of your life, you need to counteract that spin on a conscious level. By conscious level I mean that you need to take a moment and think of some other ways that your inner publicist could have spun the same story. Using the example of the promotion above you could spin the story with your conscious mind to something more positive like: you were overqualified or life must have something better in store for you. Do you see the difference? Once you have started to notice your inner publicist at work, then you need to start taking charge of the stories that they feed you. Over time you will no longer need to change the story that you inner publicist will feed you because the stories will become positive on their own. This change comes about because your subconscious mind will begin aligning with your conscious mind about the way that you life is and will be.
   

By following these two simple steps you can quickly start moving your self image and your life in a much more positive direction. The simple act of not always believing what your mind tells you can move you light years ahead on your road to success.

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Eric Medemar is a real estate investor 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

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

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.

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: Using the 5x5 Decision Making Process

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 5x5 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.

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