Articles For Aspiring & Active Real Estate Investors
How do you get money for real estate deals if traditional mortgage lenders do not work for your situation? Consider getting a hard money loan to financing your next house flip, or other type real estate deal! Learn all about hard money lending right now in this article!
A hard money loan is an asset-based loan and one of the options to consider when traditional lenders won’t finance your real estate deals.
A major factor that may affect your traditional loan approval is your income and credit history. Lenders prefer candidates with a reputable loan repayment history. That’s because repayment history demonstrates the ability of the consumer to repay a loan.
However, it’s apparent that having an income and an impressive credit score is not necessary a guarantee for loan approval. Traditional loans have an invasive process and their approval takes a lot of time. On the other hand, hard money lenders...
Real estate is responsible for creating more millionaires than any other industry. If you think you need your own money and tons of experience to get started, think again!
Mastering the skill of raising money is truly necessary to grow & scale your real estate investing business to new heights, which is why Stan Gendlin & Alex Martinez created this article – just for you.
Successful Real Estate Investors, Stan Gendlin & Alex Martinez, have raised over $150 Million of OPM (Other People's Money) to wholesale, fix & flip houses, AND buy cash flowing property investments. Having the ability raise money for real estate deals has allowed them to start & grow multiple 6, 7, & 8-figure real estate investing businesses.
Whether you’ve never done a real estate deal, or have done 100+ deals and raised $100 Million, you will get tremendous value from this article.
You got this – even if you’re starting from scratch! Let's begin...
In real estate investing & wholesaling, having an up-to-date & legit proof of funds letter is a necessity! If you do not have this, then you are investing like an amateur! Every single wholesale and fix & flip deal I’ve ever completed have all had a Proof of Funds attached along with my offer. Having a Proof of Funds on each & every offer will significantly improve your chances of getting & closing the real estate deal! In this article, we’ll go over what exactly is a proof of funds letter for real estate, why you need it, and how to get it!
A Proof of Funds Letter (POF) is a letter, bank statement, PDF, screenshot, or other document showing that a person or company has the financial ability to close a real estate transaction. Essentially, it’s your “PROOF” that you can close the real estate deal.
I want you to think of the Proof of Funds like “the Golden Ticket,” because...
Wholesaling is when you find a property, get it under contract with the owner, and then sell the rights of that contract to another investor who wants to renovate the property. With Wholesale Real Estate Investing, the goal is to always create what I call “Win-Win-Win Scenarios." Get ready because we're about to take a deep dive into how wholesaling real estate works!
You create a win for the seller of the property because you are getting them out of a sticky situation. For example, the seller can be facing foreclosure and need to sell their home quickly to avoid ruining their credit for years. Maybe the property is owned in a trust with 6 different owners, and instead of putting the property on the market and evaluating 20 different offers, they may just want to work with you, with no commissions involved.
You also create a win for the real estate investor...
Crowdfunding is not just a buzzword in the contemporary world. It’s an exciting, new way to raise capital for real estate investments. But how does is it differ from the other means of raising real estate investment capital? How does it fund real estate projects and what should you know before you use it to raise capital?
This article answers these and other questions you may have in mind when thinking about funding for your next real estate project with crowdfunding money.
Real estate crowdfunding is a way of investing in real estate with other investors through platforms that propose deals in real estate while taking care of all the involved works that may include listing deals, doing the legal work, and managing properties. As such, real estate crowdfunding enables you to invest with a little amount, diversify properties, and have a passive portfolio in the industry.
Crowdfunding differs from the traditional ways of raising money for real...
In this video, a Pro Wholesaler Student came into the office and I taught him about wholesale real estate investing. In this article, I will recap the 3 TIPS I covered with Mike so that you can learn how to start wholesaling real estate sooner rather than later!
1. Get Access To The MLS
2. Attend Real Estate Investors Association Meetings (REIAs)
3. Only FOCUS on 1-2 Marketing Strategies (NOT 5-10 Strategies)
First off, what we talked about was getting MLS access. What's MLS access? It's the Multiple Listing Service. It's a database of all leads on the market in your area. It’s very important as a real estate investor, and as a wholesaler, to get access to this because, if you get access to this, you have access to all the leads on the market! Now, on the MLS there are houses that are for sale that have been renovated… These aren't really good leads to fix &...
House flipping is becoming a popular trend in the modern real estate industry. The trend is attracting investors in huge numbers. Maybe you are thinking of joining the trade but still unsure on how to start flipping houses. If so, read on to learn everything you want to know about house flipping and how to get started.
There are varied definitions of flipping homes. However, it simply refers to an investment strategy where a real estate investor buys a property at a discount and improves it for sale at a higher price later. Flipping houses is a strategy for making quicker profits as opposed to buying, holding, & renting. Profits can be quite lucrative if the conditions in the real estate market are favorable.
House flippers often prefer buying homes that are old and distressed because such properties are easy to acquire at fairly cheaper prices, such as foreclosures or short sales. Thus, they present higher chances for investors to make a...
Once your wholesale real estate business starts to bring in more deals, doing all the work alone will be increasingly difficult. Since sealing each wholesale deal entails completing many tasks, you’ll have to wear different hats. However, some tasks can be very challenging while others will be more mundane. Once work starts pilling up after sealing a few deals, you will find it important to build a wholesale real estate. Doing so will relieve you some workload while allowing you time to build and grow the wholesale real estate business.
Look at your wholesale real estate business as a football team. While growing your wholesaling company, you have to bring the best players and coaches into the team.
The first season entails playing all positions in the team including the position of the owner, head coach, and the general manager. This will help you to develop more skills and get you more involved. However, you...
Edgar has already completed his first wholesale real estate deal since joining the Pro Wholesaler Membership!
Here's his review & testimonial of the Pro Wholesaler Program:
Dear future Pro Wholesalers, my name's Edgar Espinosa, I am 21 years old, and I live in Atlanta, Georgia. Before I get started, I want to thank Alex for giving me the opportunity to be in his Pro Wholesaler program. It has honestly changed my life completely. Alex has got me farther than I thought I could get to. I would not be where I am right now, if it wasn't for him. He has pushed me to achieve many of my goals, and as well as keeping my head strong.
At the beginning of the course, Alex's goal was to make sure that we knew where we wanted to be at in the future. Basically, to know our why. He provides us with a lot of tools, with a lot of resources, to help us find our why basically, our goal. Every piece of information that he provides us with, it is well said, very clear, for us to understand, and it...
The Commercial Real Estate industry is HARD. Commercial Real Estate is not for the weak hearted; however this article offers 3 pieces of advice that will help cut down your learning curve and perform FAR above the majority of your competition.
FACT: Per Tom Ferry’s website (one of the top producing real estate brokers in the United States) 87% of all real estate agents FAIL and get out of the industry within the first 5 years of being licensed. My guess is that in the Commercial Real Estate space, that number a lot higher, likely in the mid 90% range.
So why do the vast majority of new commercial real estate agents fail? Is there not enough business to go around? Has every property owner already forged their relationships with existing brokers and thus all clients are already spoken for? Is it a lack of experience in doing deals? Lack of network, creativity, hustle, etc?
The brutal truth is: it can be a combination of all...