Articles For Aspiring & Active Real Estate Investors
One of the life-changing habits in Stephen Covey’s best-selling book, The 7 Habits of Highly Effective People, is “Begin with the End in Mind.”
This highly effective habit directly applies to being a successful wholesaler! Many wholesalers actually go about wholesaling the wrong way.
1. Work extremely hard to find a deal to get under contract.
2. Finally get that deal in writing under contract.
3. Then market the deal to cash buyers hoping that it fits their buying criteria.
The glaring issue in this scenario is that the wholesaler first finds any deal they can get under contract and then tries to find the cash buyer that will buy it.
In this scenario the cash buyer they are marketing to may not even want the particular deal they have! How do you know that the cash buyer you are marketing will even buy in the zip code your property is in? How do you know your cash buyer has the funds available to...
Matt Pichardo is a Million Dollar Real Estate Agent, savvy negotiator, innovative marketing strategist, and author. Hear about his journey and how he went from not knowing much about real estate to becoming a million dollar real estate agent. Matt currently resides in Los Angeles, California.
Within this interview you'll learn:
Getting started in real estate investing by wholesaling is generally easier than starting with other investing strategies.
I was fortunate enough to get into real estate investing at the ripe age of 20 years old. Within 45 days, I completed my first wholesale, which profited $22,000. The best part was that it only took 8 hours of work. So, at age 20, I learned how to make $2,750 per hour! You may be wondering, “What exactly is Wholesaling?”
Wholesaling real estate is the practice of acquiring properties at discounted prices and reselling them for profit. A real estate wholesaler enters a contract with a property seller, markets it to potential buyers, and assigns the contract to the most appropriate buyer. The profit that the wholesaler makes is the difference between the price that is paid by the buyer and the contracted price. Nevertheless, the wholesaler must sell the property before their contract with the original property seller closes. Essentially, real...
Hey guys, Alex Martinez here. I get the question a lot from real estate investment companies and real estate investors of “do I actually do the work myself at the property for a house flip?” The long and short of it is no, I don't!
This is because you want to focus on building the real estate investment business, you want to focus on the marketing and getting other private lenders to lend your company money so you use other people's money for your deals. By no means do you want to be the general contractor at the property, putting up drywall, painting, and doing all of these different tasks all the time.
So, the short answer is “no.” However, here and there I will do a little work. I'll tell you a story. Last property I flipped I had an investor coming to the property. He lent about $500,000 on this particular property flip. The property needed a little cleanup, and the contractors were there at the house, but they were busy working. I didn't want to say one...
How to find cash buyers for your real estate deals in one minute or less! As a real estate investor, it is extremely important to have great relationships with cash buyers that you can rely on to buy your wholesale real estate deals. Be sure to use this technique I have been using for years to find & develop relationships with cash buyers!
Hey guys, It's Alex Martinez. I'm a real estate investor and entrepreneur, and today I want to go over how to find cash buyers for your wholesale real estate deals. I'm about to show you a strategy I've been using for years, and that really, seriously works in one minute or less. You can find the cash buyer you need for your wholesale real estate deals that's going to pay you, $5,000, $10,000, $20,000 on your wholesale deal in one minute or less, okay? Like I said, I've been doing this for years. I just did it yesterday. I just got a new buyer on my list. I talked to him on the phone. I know the price point they want to buy in. I know the...