As a new real estate investor you are
overwhelmed with the number of real estate investing guides
available. You want to start investing but how do you
choose the real estate investing guide that is really
going to teach you what you need to know so you can get out
there and make some real money.
The sad truth is most real estate investing
guides and professionals do not understand the key component of
the real estate investing business. How to buy properties at
wholesale prices. Sure, you can be an investor and never master
this strategy but not understanding wholesaling will cost you
more than you can ever imagine in lost profits and time.
Why is wholesaling so important?
Wholesaling (AKA Flipping) properties is the basis of the entire
real estate business, because if you do not learn how to buy
properties right then none of the other investing strategies
will make much of a difference on your profitability. When you
buy right it is hard not to be profitable. But when you buy
wrong there is often little you can do to recover from your
mistakes.
Most real estate investing guides
do a good job of talking about why you should invest in real
estate but fall miserably short in teaching the art of
wholesaling and giving you the real tools and information you
need to become a successful and knowledgeable real estate
investor. So let's go over a few requirements that need to be
covered in the real estate investing guide.
What is Wholesaling? Wholesaling is
often called flipping properties and because of this people
think wholesaling is nothing more than "flipping" houses. And
even with that definition people are still unclear. Wholesaling
is so much more and how you buy the property will be determined
on how you want to sell the property. Do you want to buy and
sell in the same day without money and credit? Do you want to
buy and hold for yguidelf? Do you want to buy taking over
existing debt?
How Do You Find Property Owners?
Many of the biggest profits in real estate are a result of
tracking down hard to find owners of properties that may be
vacant, abandoned, neglected, awarded to heirs, etc. County
records, data service providers, and skip tracing are skills
that are easy to learn once introduced.
How To Evaluate Properties. You'd
think determining property values was easy but the truth is most
realtors do it incorrectly but once they are shown how it should
be done they agree wholeheartedly. And not knowing how to
estimate values will cost you thousands. You'll also need to
learn how to estimate repairs, what repairs to avoid, and how to
get repairs done in a timely and cost effective manner.
How To Build And Present Offers.
There is an art to building and presenting an offer in a manner
that increases the likelihood of the seller liking and accepting
your offer. If you think you just give them an offer you're
losing many deals and profits that could be saved by knowing
what and how to present your offers. Should you pay the closing
costs? Should you use Realtor Agreements? What instructions do
you need to give to the title company?
How To Sell Quickly. There are
buying formulas and selling formulas you need to know. How
should you market the property? What do you put in the flyer
and ads? Do you want to handle the calls personally or have
them go to voice mail or an answering service? How do you build
a wholesale buyers list that can pay cash and close quickly?
Should you use and assignment of contract or double closing?
When Should You Keep The Property?.
What are your financing options? How do you find private and
hard money? How do you structure owner terms?
What Documents Do You Need?. Every
wholesaler needs to have documents they can load and edit on
their computer including post cards, standard property
information sheets, purchase and sale agreements, property
disclosure statements, standard property flyers, assignment of
contract, and private money lender instructions.
The Guide Must Have Audio CD's And A
Manual. The real estate investing guide you have must have
audio CD's that teach you all about the art of wholesaling. The
art of Wholesaling actually easy to learn when presented
properly and having CD's you can listen to over and over again
will teach and reinforce the concepts until they become second
nature.
Determining Your Purchase Price.
When looking for a Real Estate
Investing Guide make sure the guide covers the 9 rules and
you will be on your way to successful investing that can make
you as wealthy as you desire. Great Real Estate Investing
Guides are hard to come by and you should start with
"Kick
Ass Wholesaling!"
This unique
real estate guide should be read by every person
considering a real estate career, whether it be as Realtor,
investor, or developer. The guide was created from a live
event and is detailed to take you through the entire process
from start to finish. What to do, where to go, websites,
documents, scripts, absolutely everything you'll need to find
deals and make money.
Reprint Guidelines: ** Attention Ezine editors /
Site Owners ** This article may be reprinted in its entirety in
your newsletter, magazine, website, or in your free eBook, so
long as you leave all links in place, do not modify the content
and include our resource box as listed above.
If you use the material please send us a note so
we can take a look. Thanks.
© HousingSolution.com, Inc.
