Hot Tip! Your creativity can be a bigger financial resource than actual money; to the point where you don’t even need money or conventional investment property loans. Think about it, no money (at least not your own) and no credit, just words and imagination – it’s like one red paperclip, you know the kid who traded from a paperclip to a house in a year? Except not nearly as difficult.
Everyone gushes about the brilliance of private money, and they’re right. Private money is fast, cheaper than hard money, and easy to come by – if you know how to find it. There are three keys to obtaining a private money loan.
Do you like secrets? Here’s a golden one:
All of the profit in a deal is up for grabs.
However, it’s up to you to use the right words and ask the right questions in order to get your share.
It’s up to YOU to get what you want before you close.
You do that through compelling and timely negotiation. Understand, not all real estate negotiations are a head to head battle. Sometimes a successful negotiation can be accomplished by asking a single question, and that leads us to another secret. In fact, the very secret I promised in the headline.
There are those who spin the dream of no money down real estate investing. The truth, however, is that deals typically require money. It doesn’t have to be your money, but you will need money. The real estate buyers’ list is one of the more effective tools to find that money.
If you are going to refer to yourself as an investor, your job is to buy low and sell high. That is your job, that is how investors make money. It’s “Real Estate Investing 101.” If you’re not prepared to do that, or if you’re opposed to profits, then you need to consider another line of work. Seriously.
Purchasing real estate directly from a motivated seller is not a one-night stand in the back of a Buick. It is a courting process. Understand that.
These five steps will set you up so that your “Investor Offer” (often referred to, and miscategorized, as a lo-ball offer) is given serious consideration. But! If you skip these steps, you’ll rarely… if ever… make it to the closing table – and your job as a real estate investor is to buy low and close deals.
People love to learn, but they hate to do. Investing education alone will not make you rich. People will buy a hundred courses and never take one actionable step towards success.
So you’ve got leads flowing like the Colorado River at springtime, but if you’re not presenting offers, and more importantly, having those offers accepted, you’re doing a lot of work and not buying a house. First, you must do these four things before you even consider asking for a signature.
We live in a society where the big no longer defeats the small, it’s now the fast that beats the slow. Whether you are in real estate investing or not, you always have to take into account the fact that we live in a world that rewards quick and decisive action, and acting quickly is how to get started in real estate investing.
The size of your paycheck and your ability to create wealth will be in direct proportion to your capacity for authentic communication and building rapport.
Now that you are laser locked on your target property type, area and price range, it’s time to flip the switch and get those real estate leads flowing.
Real estate lead generation is the engine that keeps your investing business running. You must learn how to fuel your lead generation machine, and master it.
What would your life look like right now if you had a predictable paycheck automatically delivered to you whether you worked or not?
It’s possible. And more than possible it’s how the wealthiest people became that way. Wealthy people don’t trade their time for money; their money makes them money, and yours can too. Right now!