Showing posts with label real estate wholesaling. Show all posts
Showing posts with label real estate wholesaling. Show all posts

Thursday, July 03, 2008

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

Tuesday, July 01, 2008

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

Monday, June 09, 2008

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

Thursday, May 01, 2008

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


Wednesday, April 23, 2008

Real Estate Investing Guide: Real Estate Short Sale

What is a real estate short sale?

A short sale occurs when you negotiate a sales price less than what the seller actually owes on a property. In other words a short sale is when a bank accepts less than what is owed on a property to keep the property from going through the foreclosure process. Instead of negotiating with the seller you negotiate a sales price directly with the bank. An example would be:


A seller has fallen behind on their payments to the bank. The seller has a mortgage note with the bank for $200,000. You write an offer of $150,000. If the bank decides to accept your offer you would have “Shorted the bank” $50,000.


The banks would be willing to accept a loss of $50,000 for a couple of reasons:

  1. Banks are not in the business of owning homes they are in the business of loaning money.

  2. If the property ends up going up for auction the banks will incur many more fees plus they may lose the opportunity to loan out the money that would otherwise be tied up in the property.

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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

Thursday, April 17, 2008

Real Estate Investing Guide: Are You Here or Are You There?

When you are not living your life in the present moment you are living in either fear or regret. Fear of what might come in the future, regret about what happened in the past or a bit of both. Something that you might find very interesting, yet frustrating as well, is the way we use our present moments. In many cases you use your present moments fearing something in the future, but when you arrive in that future you were fearing, you live in regret of not being present in the past moment that you spent fearing the moment that you are currently in. Is your head spinning yet? To clear things up a bit I will give you a real life example.

Present Moment: A new mother is sitting at home worrying about going back to work in 6 weeks and leaving her precious child with daycare.

Body: Sitting with her new born child in the living room breast feeding.

Mind: Projecting into the future 6 weeks when she has to go back to work and needs to leave her child at daycare.

This cycle of picturing that sad day occurs daily up until the moment that the new mother needs to go back to work. Then it goes like this.

Present Moment: Sitting in her office getting ready to work on a new project.

Body: At the office, behind her desk.

Mind: Looking back over the past 6 weeks regretting that it went too quick and she doesn't remember much of the time spent with her newborn.

Can you see the problem with not being present? By not being present the new mother spent her time with her newborn worrying going back to work. When the new mother finally had to go back to work she spent her time regretting not being mentally present with her child because she was mentally already working. Now that she is actually working she is spending her mental time back with her child. Her body and her mind were never merging into the same space.

Are you guilty of the same thing? Is your body at home with the family, while your mind is at work? Once at work is your mind back at home with the family?

One of the easiest ways to merge the body and mind is through gratitude. In order to be grateful for the things that surround you, you must be present to enjoy them. To practice gratitude simply stop for a moment and look around you, I am sure you can find something you are grateful for.

If your at home with your family look at your wife and kids, what could you love about them?

If your at the office what could you be thankful for?

If your out fishing what could you enjoy about the moment?

Notice that I don't use the word should. The word should can lead to feelings of regret because you are saying that you don't enjoy something, yet you know that you should. I don't use the word are because it is way to easy to answer with nothing if you happen to be in a foul mood. The word could is a possibility word. You can't get regret from could, you can only get the feelings of hope or choice. So the next time you find yourself not merging the mind and body together in the present simply ask, “What could I enjoy about this moment and the people or places in it?”.

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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

Saturday, March 29, 2008

Real Estate Investnig Guide: Class We Have A Guest Today.....

Do you feel sad, guilty, hurt, fearful, happy or any other number of emotions? Now let me ask you, does the “you” that notices those emotions feel that way? I am guessing that you may be scratching your head now. “What do you mean the me that notices, aren't I me?”, you might be asking. Of course you are you, but has it ever occurred to you that the real “you” is the one who notices what is going on with your emotions.

Stop for a moment and look at the things that you might say to other people, things like “I feel a bit depressed today”, or “I feel great”. When you say things about yourself feeling a certain way, who is the one that notices how you are feeling? If you are depressed, is the person within you who notices the depression, depressed as well? If you stop to notice, that person within who notices these things is more like a neutral 3rd party. Somewhat like the man who came into your 3rd grade classroom just to observe the class. The man who sat quietly at the back of the room just taking notes.

This observer is the true you, the you that is not effected by the externalities of the world. The you that is not subject to the faulty beliefs and programming that started the moment you arrived in the doctors arms.

The you that can shine light on every event or happening in your life. The light being true joy, unbreakable joy, the joy that has no opposite. The true you is unaffected by pleasure. You see pleasure comes with a price, the yin and the yang if you will. While joy has no other side to it's coin. When you toss the joy coin you get joy on both sides, much the opposite of the pleasure coin, that when tossed is either going to give you great pleasure or great pain.

To experience the true “you” more often, simply slow down and begin paying attention the observer sitting quietly at the back of the classroom in your mind.

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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

Friday, March 28, 2008

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


Monday, March 24, 2008

Real Estate Investing Courses: What Seems To Be Missing?

Every year Americans spend millions of dollars on real estate investing courses. Sadly, most people who purchase these courses never end up using any of the valuable knowledge that these courses contain. Instead of using real estate investing courses as a means to an end, with the end being becoming a successful real estate investor. Many people unknowingly use real estate investing courses as the end itself.

People who buy real estate investing courses truly believe that they want to become real estate investors. The problem is that once they purchase the investing course, they create a shortcut in their mind that essentially says “One more goal has been achieved”. By investing in the course, they fulfill the short term need to be considered a real estate investor and then quickly move onto something else.

Another problem that arises shortly after purchasing a real estate investing course, is the need to know more information. Perhaps the course left a few unanswered questions or maybe spurred on some new thoughts about the direction of their new found investing career. So then they buy another course which creates more questions and ideas that can only be answered by more courses. In a short period of time, the wannabe real estate investor becomes much like an overweight dietitian. They know all about eating right, but they just don't do it.


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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


Sunday, March 23, 2008

Real Estate Investing Guide: Using Real Estate Investing Forums


Real estate investing forums can be a great way to gain knowledge for getting a start as a real estate investor. In fact I would recommend visiting and gathering information from as many real estate investing forums as you can on your quest toward becoming a real estate investor.

I would like to offer a few tips on using real estate investing forums most effectively. Here are a few suggestions:

1. Watch out for anyone who uses absolutes. By absolutes I mean to say, watch out for people who say things like "It's always this way", "That never works" or "This works everytime". Most people in the forums mean the best but they fail to mention that "This has been my experience and your experience may be different"

2. Watch out for advice that is given from people who have only read about real estate investing rather than doing any actual investing. These people can typically be spotted because they will miss many of the fine details that go into the transaction. Instead they repeat only the things that everyone else has said rather than adding their own new insights.

3. Take in as much information as you can, then draw your own conclusion. Once you have taken in enough info to come to your own conclusions then it's time to get to work. Don't mistake the process of gathering information as the goal, instead keep in mind that gathering information is a means to an end, rather than the end itself.

I hope these ideas about real estate investing forums will help you move along on your path to real estate investing success.

Get your FREE Guide to real estate wholesaling at www.TheForeclosureCollege.com

Friday, March 21, 2008

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

Friday, March 07, 2008

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




Thursday, February 28, 2008

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

Sunday, February 24, 2008

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

Saturday, February 23, 2008

Real Estate Investing Guide: Pulling Your Investing Trigger

With Hunting Season Right around the corner I thought this would be appropriate. Somewhat of a metaphoric story for those of you interested in Wholesaling Real Estate, Bird Dogging Real Estate, or Any other type of real estate investing

Joe was positive that he would be shooting a deer this year. After all, Joe had been learning about hunting his whole life. His dad had taught him how to track deer, his uncle taught him how to build the best deer blinds known to man. This year Joe was finally going to do it, he would get his big buck, if it was the last thing he ever did.

He had just purchased the super guru rifle 2000 and from what he had heard this gun was the best. People had told him that this gun would practically shoot itself, man this was one heck of a gun. Oh and the four wheeler that Joe would be riding out to his blind was the so quiet and so fast he didnt have a chance of spooking any deer.

It was opening morning of deer season and Joe was ready, boy oh boy Joe was ready. Joe barely slept a wink the night before just thinking about the big buck that he was gonna get. Joe packed up his stuff, grabbed the super guru rifle 2000 and headed off to his blind (riding the best 4 wheeler known to man).

Joe arrived at his blind, and got everything in place. This was Joes day, the big buck would be his. Joe sat for about an hour when he noticed this giant rack coming up over the hill. This was the Buck to end all Bucks. Joe was quivering at the chance just to see a deer like this.

The buck approached, Joe peered through his scope, "Boy this is the one, this is the day" he quietly said to himself". Joe slowly pulled the trigger.......To be continued

Learn real estate bird Dogging http://www.birddogbiz.com/


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

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

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

www.UltimateWholesalingSystem.com


Eric Medemar specializes in Wholesaling real estate, flipping real estate, and investment properties including Grand Rapids Foreclosures, Grand Rapids Rental Property, and Grand Rapids HUD homes.

Thursday, February 21, 2008

Real Estate Investing Guide: Is Wholesaling Real Estate Illegal?

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

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

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

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

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

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

Thursday, February 07, 2008

Real Estate Investing Guide: Are You Making Elephant Sized Wholesaling Mistakes

The other night I was flipping channels when I stumbled upon a special about elephants. A researcher had been following a group of elephants for the past 15 years and was documenting his findings. Though I am not by any means an avid elephant fan, I found the show very enjoyable.

One of the elephants that he had been researching had just passed away at the tender age of 62. He said that when an elephant dies all of the history and knowledge that the elephant had acquired over their lifetime dies with them. The thought when left alone seems rather elementary. However when I thought about it on a deeper level, it brought to mind how lucky we are to have written communication.

When the old elephant passed away all of his secret feeding spots, watering holes and travel paths went away with him. Sure, the younger elephants were able to learn from the older elephants as they grew up, but I am sure many elephant secrets have been lost over the years. As humans we are extremely lucky to have written communication. Written communication allows us to avoid making the same mistakes that our ancestors made. Written communication also give us the ability to avoid having to reinvent the wheel when we want to accomplish something new with our lives.

Having said that, it puzzles me to no end why people insist on “doing it there way” or worse yet not doing things at all because they “don't know how”. With the endless amount of information available in the world there is no excuse not to be living the lives of our dreams. No matter who you are, where your from or what your current life circumstances are, there is someone who has overcame far more than you, and achieved much more than you, and they have written down exactly how they did it. They have left their secret paths for you to follow.

It does not matter how broke you are even if your living on the streets you can go to the library and read about how other people have overcome situations similar to yours. Unlike the elephants successful humans leave there secrets behind for you to follow, you just need to follow them.

If your a new real estate wholesaler you don't need to make the same mistakes that cost me thousands of dollars. I have written down all of my mistakes and how to avoid them in my Ultimate Real Estate Wholesaling System available at http://www.ultimatewholesalingsystem.com/

You can see more of my articles at http://www.themillionaireuniversity.com/ real estate investing forums

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

Saturday, February 02, 2008

Wholesaling Real Estate: Is Wholesaling Real Estate For You

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

Saturday, January 19, 2008

Real Estate Investing Guide: Finding Buyers For Your Wholesale Deals

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.

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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.

Wednesday, January 02, 2008

Real Estate Investment Systems: Real Estate Wholesaling and Real Estate Bird Dogging

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.