Investing In Real Estate

When you are first starting out with investing in houses, you should always look for ugly or bad houses that need a lot of work.  These homes are much cheaper to purchase, although they will take some work to improve.  You should start out by looking for houses that need some work, [...]]]>

Investing In Real Estate

When you are first starting out with investing in houses, you should always look for ugly or bad houses that need a lot of work.  These homes are much cheaper to purchase, although they will take some work to improve.  You should start out by looking for houses that need some work, such as clean up, painting, and in some cases new carpet.  You don’t want to buy something too run down, as it could cost a fortune to repair.

If you think of yourself as a handyman and feel that you can do the repairs yourself, you can save a lot of money.  On the other hand, if you need to hire someone, you should always make sure that the individual or company that you hire is qualified to do the repairs. If you aren’t comfortable with doing any of the repairs, you should inquire about a subcontractor or company that will do it for a reasonable price, or perhaps a share of the money once you have resold the house.

If the house you are thinking to purchase and resell has any type of structural problems, you should always get an estimate from a reliable contractor before you make the purchase.  If you decide to stay in the business, you’ll learn a lot more over the years, although you should always hire a contractor when you first start out.  Once you get all of the estimates together, you can make that final decision on how much of an offer you want to put down on the property.

After you have a team together and successfully renovated and resold several homes, you’ll begin to feel quite a bit more confident with buying homes that need repairs.  All it takes is time and practice – and you’ll be buying homes that the average investor wouldn’t think twice about.  This can be a huge advantage when you are looking for homes to buy and resell, as there will be less competition to worry about.  You’ll also be able to get a lower price when buying the home, simply because you can use the cost of the repairs to your advantage.

Once you are able to do repairs on homes, including structural problems, you’ll have a huge advantage in the market.  You’ll be able to buy virtually any home, including those that other investors choose to ignore.  Doing so can be very profitable for you, especially if the house is in a well known and well desired neighborhood.  After you have done the repairs, you can resell the home for a much higher price than you paid to acquire the home.

When you start looking for houses that you can repair and resale, you should always take your time and buy the right homes.  You won’t have the money, time, experience, or support to buy the bigger houses at first, which means you won’t have any room for mistakes.  Once you have purchased and resold a few smaller homes, you’ll eventually be able to work your way up to the bigger homes – which is where the big profits will come into play.

Always keep in mind that when you first start out, you’ll need to take things slow.  You can expect profits to come overnight, as it will take you some time to learn.  Once you have been at it a few years and have several houses to your credit, you’ll be ready to tackle anything.  At that point – you’ll make a lot of money in a career that is truly exciting.  Join my FREE TRAINING AT www.investingwiththestars.net/season3

Flipping A House For Cash

A lot of people these days are preaching about the buying and holding method of gaining wealth with real estate.  There indeed may come a time in your life or business when you’ll want to hang onto a piece of property, although you’ll only be interested in keeping certain types of [...]]]>

Flipping A House For Cash

A lot of people these days are preaching about the buying and holding method of gaining wealth with real estate.  There indeed may come a time in your life or business when you’ll want to hang onto a piece of property, although you’ll only be interested in keeping certain types of property.  If you’re just starting out, flipping a house may be an ideal way to get started.

Basically, there are three ways that you can flip a house, although each one has it’s own terms, motivation, and type of property.  The first method is known as retailing.  What this means, is that you buy a house in bad shape, do the repairs to fix it up, then turn around and sell it.  There are a variety of houses in need of repairs out there, and several ways that you can quickly flip a house to net profit.  All you need to know are the techniques that will get you the most money in the least amount of time.

The second way you can flip a house is though wholesaling.  Wholesaling involves finding a home for sale then flipping it to an investor for a fast, yet small profit.  To do this, you’ll need to know the real estate investors in your area, the types of homes that flip the best, and how to fund your property so you can flip it to them.  If you live in a big area or a city, you’ll find that using the wholesaling method of flipping houses is actually easier to accomplish.

The third way to flip a house is by assigning the purchase.  Using this method, you’ll commit to buy the house.  Instead of closing the deal yourself, you’ll assign it to a real estate investor – of course for a small fee.  The investor will take the contract over and close the purchase themselves – flipping the house.  This can be very profitable, especially if you invest in the right home.  You don’t need to have your contract worded any special way to be legal, although you will need to determine the assignment fee.

If you’re looking to break into the real estate market and make big bucks, you’ll need to learn all about flipping houses.  Flipping houses is very profitable, especially once you have learned the basics. The first and third methods are the best, although they will both take quite a bit of work on your part.  Restoring homes isn’t easy, and you’ll need to have a team qualified to handle any repairs.  Assigning the purchase may be difficult when you first start out, although it will get easier with time.  If you stay at it and do your best to make a profit – you’ll be an expert at flipping homes in no time at all.  For more on my new training go to: www.REOmoneymaker.com

Wholesaling is a numbers game.  The more leads you have coming

in, the more offers you make, the more contracts that come back

signed.  it’s as simple as that…

The absolute BEST way to have continuous leads coming your way

is to brand yourself.  That way, when someone sees your signs,

or received your mailers, they know exactly what you [...]]]>

Wholesaling is a numbers game.  The more leads you have coming

in, the more offers you make, the more contracts that come back

signed.  it’s as simple as that…

The absolute BEST way to have continuous leads coming your way

is to brand yourself.  That way, when someone sees your signs,

or received your mailers, they know exactly what you are about.

They recognize your name.  They know they can trust you…

How do you do this?  Logos, catchy names and vanity numbers.

If you can get your hands on these things, you will instantly brand

yourself as the person to come to when you need to sell your house

fast!

Why do you think we call our selves Fisherman Buys Houes.   Why do I bother

having a header logo at the top of my websites?  Because I want

you to know exactly who you are dealing with…

Let me ask you this.  What is easier to remember:

1-800-SELL-NOW… or 1-888-624-8290?

Look, a seller is not always ready to pick up the phone as

soon as he sees your ad.  It may take him some time.  But, as

time goes on, he gets closer and closer.  And when he’s ready,

who do you think he will call?  For more info:

Go to:  www.thanmerrillwebinar.com and learn all the

secrets to wholeaing for big cash!

Still confused by real estate?  Maybe you tried but couldn’t get going?

Or perhaps you just want a system that’s easy to follow and proven to work…

In any case, I am here to help.

Call (800) 804-5390 for help.  or go to www.flippinghousesrus.com

But you must act fast, because 2010 must be started right, so another year of [...]]]>

Still confused by real estate?  Maybe you tried but couldn’t get going?

Or perhaps you just want a system that’s easy to follow and proven to work…

In any case, I am here to help.

Call (800) 804-5390 for help.  or go to www.flippinghousesrus.com

But you must act fast, because 2010 must be started right, so another year of wealth

does not pass you by and my 6 week workshop begins in April, on Saturdays at 1PM EST!  I am just like

you out in the trenches rehabing, buying properties and holding them and flipping.

That’s why they call me the ‘regular guy’!  I want to not only end the confusion, but

end the frustration as well, and finally get you going. You’re closer to success than

you might think…now let’s get you started!  Call (800) 804-5390 now to speak

with one of my staff about how easy it is to get deals in your pipeline and start profiting.

Look, my methods not only changed my own life but have created lots success stories.

NO ONE is teaching what I am and that just gives YOU the advantage.

Trust me, you don’t have to be a financial expert to do this business.

As a matter of fact, you don’t need any experience at all..we will work hand in hand

on my 6 week workshop and I will teach you all I know.  You will have my email and my

cell phone for questions at any tim!  Give my office a call at (800) 804-5390

and let us show you all the options we have for you and your future.

Just to warn you, I’ve seen people let this pass them by, and they aren’t happy about

it…don’t be one of them.  You don’t have to spin your wheels…

You don’t have to frustrated…

You can do this!  Let me show you EXACTLY how.

Call (800) 804-5390 now to learn more or

Go to my website at www.flippinghousesrus.com

To sign up now.

Thank You,

The  5 Money Making Advantages Of Multi-Unit Investing

Join us for Dave Lindahl’s Webinar Training – Its FREE on Saturday,March 20th at 1PM EST, 10am PST

Click here to join:  www.investingwiththestars.net/season 3

Having rehabbed over 800 properties in the last seven years and collected over 7,000 apartment units I’m often asked, how can I become [...]]]>

The  5 Money Making Advantages Of Multi-Unit Investing

Join us for Dave Lindahl’s Webinar Training – Its FREE on Saturday,March 20th at 1PM EST, 10am PST

Click here to join:  www.investingwiththestars.net/season 3

Having rehabbed over 800 properties in the last seven years and collected over 7,000 apartment units I’m often asked, how can I become wealthier faster investing in real estate?  While most investors concentrate on some aspect of single family houses, I was always interested in multi-units (apartments) first, and then single family homes as a means of getting more multi-units .

From the very beginning of my investing in real estate, I liked the idea that a group of people (the tenants in a building) would get together and pool their money to pay down the mortgage on a property, and I liked the idea that they would also pool their money together to pay for all of the maintenance work for a building.

I especially liked the idea that they would give an owner so much money that the owner would have a bunch of money left over at the end of every month that could be used to either re-invest, save or to go out and have a good time with.

Essentially, I like the idea that other people were willing to help make me wealthy. I liked it even more when I started using management companies to manage my properties and no longer had to have contact with my tenants.

I soon came to realize that I could also wholesale, retail, pre-foreclosure, rehab, subject to and lease option apartment houses as well.

I also realized that there were certain advantages that investing in multi-units buildings had over single families.

1) The first was cash flow. Cash flow on a multi-family is always greater than that of a single family. Simply because you have more rents coming in.

The more units you have under one roof, the less risk you have. If you have a single family house and you lose your tenant, you’ve lost 100% of your income. In some instances, this could be your entire profit for the year. If you had a three family and lost a tenant, you still have two rent coming in to pay your expenses.

2) Economies of scale are in mulit-unit buildings. If you have six single family houses opposed to one six family, you have six roofs to be replaced or repaired, six lawns to be maintain, six tenants spread out through out your city or town.

In your six family you have one roof, one lawn and your tenants are centrally located. Economies of scale are in your favor.

3) There’s a lot less competition than there are in single family houses. Why? Because no one is out there teaching how to do it and all the single family guru’s make flipping single family houses sound as easy as chewing gum in the dark. The smart investors put multi-units in their portfolios along with single family houses.

4) Because of the bigger cash flows, you can afford to hire management companies to manage your tenants, thus eliminating that hassle while you go out and do what you do best (or should do best), find and finance them.

5) Your pay days are a lot bigger when you finally sell your property. This is because an apartment complex cost more than single family homes, because of this they obtain a greater dollar amount of appreciation. For example, a $100,000 single family house will in a market that appreciates 10% will be worth $110,000 while a three family house worth $300,000 in the same market (10% appreciation) will increase to $330,000. That’s $20,000 more money in your pocket!

You’ve know a few people who have made a lot of money flipping single family houses, but if you think of the all the people you know who have become extremely wealthy through real estate, you’ll realize that they did it through owning multi-units  (apartments).

These are the five biggest advantages to investing in multi-units, there are many, many more. If you are interested in creating more wealth at a faster rate, adding multi-unit to your portfolio is the way to do it!

Sign up at www.investingwiththestars.net/davelindahlinterview

Have you thought of creative financing?

Wholesaling houses has proven to be a quick money spinner for people in the real estate investing market. People all over the world are using creative financing to buy properties and then selling them on quickly to make a large profit within the space of a couple of days. [...]]]>

Have you thought of creative financing?

Wholesaling houses has proven to be a quick money spinner for people in the real estate investing market. People all over the world are using creative financing to buy properties and then selling them on quickly to make a large profit within the space of a couple of days. The great thing about creative financing is that you rarely need to put in a lot of your own money to buy a house, and you can quickly build up your income through wholesaling.

Real estate investing has become a reality for thousands of people with little or no money. Imagine being able to buy a house for little or none of your own money and then selling it on to make a profit. This is exactly what wholesaling is, and investors are finding it to be a very lucrative business.

In order to wholesale a house, all you need to do is a little bit of research to find people that are motivated to sell their homes quickly. Motivated sellers typically include people who have bought a home elsewhere and need to sell quickly or people who have painful memories associated with the house such as someone who is recently divorced. Motivated sellers are often keen to sell their home for less than their original asking price, and buying such a home can prove to have a good wholesale value.

Using creative financing, you will have put little money down to purchase the home, and then you sell it on for a higher price and make an instant profit. Wholesaling houses has helped people to make money quickly and easily, and is a great way to start real estate investing.

Using creative financing is the perfect way to wholesale houses, and make a quick income. With little of your own money going into the purchase of a house; real estate investing can be a very lucrative and profitable business. The key to wholesaling a house is to sell it on quickly for a larger amount than what you bought it for, and you will quickly be on the road to making money in real estate.

The best program to learn wholesaling in my opinion is Than Merrill’s Quick Cash Wholesaling Course.  See my FREE Video here by going to www.thanmerrillwebinar.com .  Enjoy!

Make sure you’re using 2 or 3 exit strategies

Real estate investors who jump in with both feet and buy a home inexpensively might think they’ve got a great deal. But they don’t. Technically, they don’t have a great deal until they can turn around and make money on that property.

Making money on owned property is [...]]]>

Make sure you’re using 2 or 3 exit strategies

Real estate investors who jump in with both feet and buy a home inexpensively might think they’ve got a great deal. But they don’t. Technically, they don’t have a great deal until they can turn around and make money on that property.

Making money on owned property is called “exiting” and there are numerous ways you can do it. Before you buy a property you should make sure that you have 2 or 3 different exit strategies in place for various circumstances. Here are a few options to consider:

Exit strategy #1 – Buy and hold: When you buy a property and hold it, you are waiting for it to appreciate. This was a strategy when house prices were climbing, although many investors don’t feel like this is going to happen any time soon. However, buying low right now might be the best choice if you feel that house prices will climb again in the future!

Exit strategy #2 – Landlording: Although you’re not technically exiting from the purchase of the property, you are still benefiting from ongoing rental revenue so it is included in an exit strategy.

Exit strategy #3 – Flip: If you want to earn fast cash, flip the house to another investor or to a landlord. When you do this, you probably won’t charge full market value for the home but instead offer it at a discount so that someone else can buy the house and do something with it while you walk away with a small profit.

Exit strategy #4 – Sell: Even though the market is in rough shape, people are still buying houses. You can buy your home at an inexpensive price and resell it for full market value to consumers.

Don’t go into your real estate investing without thinking of at least 2 exit strategies for every home. By considering more than one, you’ll be able to be flexible should you find that the market shifts unexpectedly.

Mix and match the exit strategies – for example, buy the home, landlord it for a while, then flip it over to a landlord who might appreciate getting a home with tenants.

Having exit strategies will help you feel more confident during your investing and will ensure that you are more likely to earn an income from your effort.