Articles For Aspiring Real Estate Investors
Here's a quick, true story about a younger gentleman (age 20) who came to me for real estate investing advice. I get into a little bit on flipping houses but this DIRECTLY applies to wholesaling real estate, as well!
This particular gentleman asking for feedback was raising capital for a property he was going to buy for $770,000. The agent he was working with told him that the property would sell at $1.2+ million all day after he put $100,000 of repairs into the property. Sounds like a sweet deal, right?
Well, thankfully, I met this gentleman at an open house for a property I was flipping at the time. He asked if I could take a second look at his particular deal before he went through with purchasing the property. He was 2 days away from removing his home inspection contingency, which would contractually force him to buy the property, or at the very least, lose his $10,000 deposit.
That night I analyzed the property for him and saw that the...
You may have heard this before: “Real estate investing sounds great, but don’t you have to get a license to start investing?”
To simply answer the question: Nope, you DO NOT have to get your real estate license in order to invest in, wholesale, or flip real estate. In fact, for my first three years of real estate investing, I wasn’t licensed, and I was able to generate well over a million dollars of profit.
So, believe me when I say: it is not necessary to get your real estate license to begin investing.
However, I did eventually become a licensed real estate agent, which opened up additional revenue streams & opportunities in the industry.
In this article, I’ll give you my Pros & Cons of getting your real estate license as a real estate investor. These insights will help you if you’ve ever asked the question: “As A Real Estate Investor, Should I Get A Real Estate License?”
Hey, guys. What's up? Alex Martinez here, and today is the Tai Lopez Real Estate Program Review. Now, I wanted to do this review to show you what I thought about the program and give you an honest, authentic review. First things first, the program costs 700 bucks.
Cole Hatter teaches the program. Cole Hatter's a real estate investor, smart guy, and he teaches you how to find deals, how to fund the deals, and then also how to build a passive income portfolio, so how to buy property and then rent it out for a profit and make money while you sleep. It's not 100% passive. Someone needs to manage the property and give you the checks, but there's a lot of good knowledge in there.
Now, when I bought the Tai Lopez Real Estate Program, I thought it was going to be mainly on wholesaling and flipping property. Flipping's when you renovate a property, you resell it for a profit. Wholesaling is when you get a property under contract and you don't...
Knowing what “not to do” can be just as important as knowing what “to do” when wholesale real estate investing. Wholesaling is an easy profitable way for beginning wholesale real estate investors to get started investing but doing (or not doing) certain things can add or subtract from your bottom line, or even “make or break” a deal.
When wholesaling houses, keep these strategies in mind…
DO: Put an inspection contingency clause on each and every offer you submit when wholesale real estate investing. An inspection contingency clause protects you if there is anything wrong with the property that does not pass your inspection. This allows you to legally cancel on the deal, or negotiate the purchase price due to the repairs needed on the property.
Over the years, many people have reached out to me who have had extremely angry sellers because the...
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...