Articles For Aspiring Real Estate Investors
Check out the latest interview with Pro Wholesaler Student, Joe Lechert!
Joe joined the Pro Wholesaler Program about three weeks ago and has already gotten his first wholesale deals under contract. Joe has 2 wholesale deals he plans on closing in October that will bring in $10,000 each for a total profit of $20,000.
Come learn how Joe went from knowing NOTHING about real estate to wholesaling his first real estate deals!
In this interview we cover:
- How Joe has gone from working Uber, Lyft, and driving for Amazon to Wholesaling Houses.
- How Joe was able to find his first wholesale deals and get them under contract.
- How Joe is getting one wholesale real estate deal under contract for every 6 to 7 offers he sends!
- How Joe was able to find cash buyers for his wholesale real estate deals.
- How Joe is anticipating to make $20,000 total from wholesaling two houses for $10,000 each.
- How Joe was able to go from having ZERO real estate experience and work on...
One of the best actions I took when I began my real estate investing endeavors was attend as many REIA Meetings as possible. REIA Meetings will give you the opportunity to learn, grow, network, and build relationships with all types of real estate professionals in your local market!
Most importantly, REIA Meetings can help you take your real estate investing business to the next level.
You'll meet potential business partners, investors, cash buyers, sellers, private lenders, agents, wholesalers, mentors, and all types of real estate industry professionals!
Want more real estate deals whether you wholesale, flip houses, or buy rental properties?
Want to be taken seriously as a real estate investor in your market?
Want to meet potential mentors and partners that can help grow your business?
Want to beat the real estate investing learning curve & give yourself the highest likelihood of success?
Then read through The Ultimate Guide For REIA Meetings,...
"The real estate industry has helped create more millionaires than any other industry in America."
I'm not sure who said this exactly (do you??), but it tends to ring true!
However, I'm sure we can agree that real estate is one of the few industries which has various avenues to make money and build long-term, generational wealth.
Whether you're getting your license and becoming an agent, holding rental property and building equity, or finding fix and flip properties, there's a way for everyone to make money.
One of my favorite (and not so talked about) avenues to make money in this industry is called "wholesale real estate."
In this article, we get into detail all about wholesale real estate and if you're not wholesaling yet, we'll cover 5 main reasons why you should start today!
Wholesale real estate is when you find a great investment opportunity (for example, a house), get the property under contract, and then sell the rights...
House Flipping TV Shows have become increasingly popular over the years! While house flipping shows are a great way to be introduced to the real estate industry, there is still lots to learn that’s not being covered on your television.
Flipping a house entails purchasing a home with the intention of renovating it and reselling it to make a profit.
Whether you’re planning to flip a house, or in the middle of a project, watching these shows can provide helpful instruction and inspiration.
Let’s give you the run down on house flipping shows so you can see the reality behind it all!
So, how did house flipping shows start? Well, the great economic recession hit the world in the 1980s. During this time, earnings from the stock market were down as house foreclosures went up. Guess what started to happen?
Savvy investors were able to get great discounted prices on houses and began buying foreclosed homes, fixing them up, and...
With a whirlwind of information out there, the short sale process can become very confusing and tedious to accomplish. In this article we will break down the core concepts of a short sale in an easy to understand step by step process.
Short sale refers to a real estate sale where the net proceeds of a property sale fall short of all debts that liens have secured against that property. In other words, it’s the sale of a property at a price less than what the current owner owes.
For instance, the amount owed by a homeowner can be $500,000 on a mortgage. However, the value of the home in question can be $400,000. As such, there is a negative equity of $100,000.
But, why would a lender agree to a short sale? Well, lenders are in a money making business. They are not interested in owning homes. When a lender takes a property back and forecloses it, the property is considered a non-performing loan.
In this interview we go over how Carson has been able to start wholesaling houses as an 18 year old! Carson recently quit his job and has gone from making $10/hr to $2,000/hr thanks to wholesaling houses & real estate!
In this in-depth interview, you’ll learn:
- How Carson made $16,400 in profit from his first 2 wholesale real estate deals
- How Carson found the houses that he wholesaled
- How to find cash buyers now for wholesale real estate deals
- The real estate deal numbers break down for each wholesale
- How being a member in the Pro Wholesaler Program has helped Carson grow his wholesaling business
- What to do (and not to do) when starting out wholesaling houses
- Carson’s #1 tip for anyone starting out as a wholesaling beginner
Here is the transcription of the wholesaling houses interview in case you enjoy reading:
Alex: Hey guys,...
It’s possible to make good money in the real estate industry through wholesaling houses. Some real estate gurus teach wholesaling as a way get wealthy without capital. Generally, real estate wholesaling can be a great business. However, it’s not easy and it requires investment of time and effort.
Wholesaling is selling merchandise or goods to retailers as well as industrial, institutional, commercial and professional business users. It can also involve selling merchandise or goods to other wholesalers and subordinated services. Essentially, wholesaling entails selling goods to buyers that are not standard consumers.
Wholesaling houses happens when one party enters a contract with a person selling a home to market their property to potential buyers then assigns the contract to another entity. The profit made by the wholesaler is the difference between the price contracted with the original seller and the amount the buyer pays. When...
Hey Real Estate Skills Community! Here's my podcast interview from the Real Estate Time Freedom Show by Investor Fuse. I share a ton of real estate golden nuggets like how to wholesale & flip houses on the MLS (Multiple Listing Service)! I also go deep into what makes a Pro Wholesaler versus an Amateur Wholesaler. Enjoy & come learn the best ways to get started in real estate!
Here's a transcription of the video above:
Carlos Zamora: Awesome. Live now with new friend Alex Martinez. Thank you guys for checking out the Real Estate Time Freedom Show today by Investor Fuse, April 18th already. Alex Martinez is joining us. He is the Founder and CEO of www.realestateskills.com, a real estate education company providing coaching tools and resources to start a successful real estate business or career. He got started investing about eight...
Private money lenders play a crucial role in the modern real estate industry. But, who are they? How do you find private money lenders? How do you get a private money lender to give you a loan for purchasing a real estate investment property? These are some of the questions that this article answers!
A private money lender is an individual or entity that issues loans secured by a trust deed and note to fund a real estate deal or transaction. Generally, private money lenders are relationship-based lenders. These are non-institutional lenders that provide short-term loans for the purchase of investment properties. An investor can also get a rehab loan from a private money lender.
A real estate investment deal is incomplete without money. As a professional real estate investor, you should always be actively looking for ways to bring in private money lenders to fund real estate investments and tie up...
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...