Beginning investors carry so many assumptions as to why this or that isn’t working. The direct mail silver bullet, “the yellow letter,” is not immune from such assumptions. It’s a wonder any new person ever finds success with the yellow letter, or any marketing piece for that matter, but so many do… and here’s how!
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.
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.
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.
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.
As with most things in life, and real estate investing is no exception, the one in control has the upper hand. By submitting an offer and getting a property under contract even prior to having every last detail figured out puts you in the driver’s seat. That’s where the most successful real estate investors strive to be, and quite frankly… that’s where YOU need to be!
Filed Under: "How to", Buy a Million, Own a Million, Receive a Million, Think a Million
Real estate investing is one of the final frontiers that gives the average person a realistic opportunity of reaching millionaire status. However, regardless of the abundance of opportunity that may exist, becoming a millionaire real estate investor will forever exceed one’s grasp unless they give up ten specific things.
Grow your income property investment portfolio without the need to deal with mortgages and lenders. In fact, you can even build a nice stable of cash flow income properties without using your own money or credit. I know this sounds far-fetched but it absolutely can be accomplished.
The 401k experiment has been a an absolute disaster for most people. When the market crashed in 2008, investors saw years of dedicated savings get wiped out. This is forcing Americans to cut back on their lifestyles and delay retirement even later. It’s not their fault. They were just doing what they were told to do using a totally inappropriate plan to save for retirement. A 401k withdrawal makes sense for most people because it has two HUGE inherent problems…
There are three approaches to generating real estate leads. The fastest way. The most efficient way. The best way. What category to your methods fall into?