thirdorgan

[thirdorgan]

Realty Flipping - Is Flipping Real Estate the Smartest Way for you to Get Started in Real Estate?

Ola Flipping - Is Tossing Real Estate the smartest way to get started in real estate shelling out? "Flip This House", "Flip That House", "Property Ladder",... and on and on... Over the past couple years one and I have been hammered on TV with real estate flicking shows that depict these people making outrageous profits flipping properties and making it look easier than heck. So , is definitely this flipping stuff real? Well... it sure might be. There are countless people out there making a darn good life flipping homes. But... the tv shows on flipping are actually darn deceiving when it comes to the "reality" of real estate turning. Is flipping real estate the best way to get starting in realty investing? I'll let you decide for yourself. However , in my opinion, for many, especially in today's down markets (not all markets will be down... there are actually some doing really well), real estate wholesaling is not the best way to get started in real estate investing. Here's the reason: First, let's clarify two kinds of flipping. The Take care of and Flip - Where you buy real estate, rehab it all, and sell it to a retail buyer. The kind that may be on the TV shows. The Wholesale Flip - Where you purchase real estate (or get it under contract), find a wholesale patron, and flip the contract. The kind that is less glorious... but has a ton of money in it... with a bejesus of a lot less risk. To me, the Fix along with Flip method is not for most newbie's... even though that is the somewhat real estate investing you see on TV all of the time. Why? You must use a good understanding of rehab costs You need to have good funding... sometimes from a private lender or a bank (private lender is certainly preferable) You need to be able to float the carrying costs if you cannot sell the property quickly If you don't calculate your costs the perfect solution... there may not be a whole lot of room for error... and even room for error means greater risk on you! Market trends is in a downturn... so there are less retail individuals out there for middle income houses... which is what most of the people start out flipping There are many people out there making a very good located flipping... but most of them started several years ago... and have many flips under their belts. They already have systems down, experience marketing channels for getting buyers, have solid lending origins, etc . Not to say that new real estate investors cannot achieve all of the above... YOU CAN! But, there are better ways to get were only available in real estate investing that allow you to get in with little or no chances or money, and will allow you to learn the Fix not to mention Flip business before you ever take a huge money devotion to do so. What's the single best way (in my opinion) to get started in real estate flipping to minimize your risk and also shorten your learning curve... all the while making nice profit the process? Well... obviously option #2 from above: Typically the Wholesale Flip - or in other words... wholesaling real estate, tossing houses for quick cash, flipping contracts, etc . If you wholesale real estate you do everything a flipper would ordinarily do... except actually repair the property and sell the software to a retail buyer. But, you don't have the risk or occasion commitment that a fix and flipper has. Basically, a person as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a substantial discount and flip them for a fee to a rehabber who will do the work. Your job is to find the properties, research the numbers to determine the repairs needed, create an deliver that enables both you and the rehabber that you will sell for you to to make a profit, and sell the contract to a rehabber who will actually make the repairs. Often times real estate investors can make between $2, 000 and $20, 000 on a from suppliers deal. So , for a low to no risk way for you to get started in real estate... there are huge profits to be had. A second reason for starting out doing wholesale real estate deals is that you choose to learn the ropes of what it takes to be a rehabber. Once analyzing several deals and talking to rehabbers to find out the things they look for... you will have a good grasp on what a good deal is without a doubt, how to accurately estimate repair costs, who the rehabbers use as contractors, etc . So , you actually make money although you are getting a hands on education on real estate flipping and rehabbing. Anyhow, I didn't start out to write this article to scare you from the fix and flip mindset. There is decent money in it... My motivation to write this article is to guidance guide new real estate investors away from the glorified adaptation of rehabbing that is plastered all over TV... and place you toward what I believe to be the best way to get started on real estate investing. I have something to confess... I may deemed a bit of a hypocrite... but I didn't start with wholesaling. When i actually started with buying income properties. But, through today's markets... wholesaling real estate is the way to go to get your feet wet and make some serious money in the process. There may be much more to real estate flipping and wholesaling real estate in comparison to the TV "reality shows" show. One of the best ways to learn the particular ropes is to learn from someone who does it everyday plus makes a solid living doing it. Go to your local REI team and hook up with an experienced mentor Go out on your own as well as try to hack it yourself with no instruction (not advised) Invest in a quality, step by step multimedia course that walks you will through A - Z on the exact blueprint that thriving wholesalers and real estate flippers use. If you want to go typically the route I took, the wholesaling course that I genuinely still use today is shown below. The real residence wholesaling and real estate flipping course that I think will be by far better than any other out there is below. They normally way over deliver and they are the only "gurus" out there i can truly say are trustworthy and good individuals. I've bought a ton of courses, and the Wholesaling for Swift Cash (link below) is the only one I'd recommend.

[thirdorgan]

2008 Internet Real Estate Agent

Happy New Year! Here's to 08 being the year for taking your business and personal life in their highest level. The need for people to connect and exchange things and services has been one of civilization's ongoing themes. Currently, the need for people to get on the internet and search for real estate advice is going to increase exponentially. The big question is, not even how technology will advance the real estate industry, but rather how will you use it. 2008 poses many challenges for those real estate industry and its irrevocable relationship with the internet. Ways are you positioned to garner your share of particular real estate leads and marketing potential of the internet? Presently investing in old traditional training techniques of sending through post cards, fancy listing presentation displays and a creative tag line? You already know that marketing to your sphere regarding influence and past clients is essential. But what other enterprise systems have you implemented for seller or buyer brings? How are you spending your education dollars and instance? Now is the time to take action. Search engine optimization and online lead generation is a cut-throat game, and it is growing more competitive by the day. You've see the articles, watched it on the news and read the press releases. The biggest companies in real estate are investing any lion share of their resources to the internet. No more good old traditional training, old school marketing or ideas. Big corporations are dumping money into their internet business in order to contend in the networked society we live in. What are you going through now to further your education and online real estate leads business? That's your challenge in 2008 and outside of. As I've stated before, you can still create a highly successful online real estate lead-generation business. However , these days will be numbered. The Web is big, but it's a finite reference. Well, more accurately said, cyberspace is infinite, and yet people will only dig so deep. Real estate Web sites who capture the top spots in the search engines are garnering premium quality leads and massive lists of interested buyers along with sellers. But, as more and more big-brand companies compete and even figure out how to grab high ranking search engine positions, they will slowly but surely elbow out the little guy. It's the nature of an market place to be "open" to early adopters at the beginning and then gradually close to only those that can afford the great investment of time not to mention money needed to stay competitive. As more and more buyers and also sellers use the Internet for real estate research, the "evening plus weekend traditional real estate agent marketing model" is fast staying extinct. If you want to stay competitive in the period ahead, you will have to grab a piece of the Internet action, and now is the time to grow your foothold. You CAN still create a successful real estate over the internet lead-generating business. You CAN still get top spots from the search engines. It's not too late, but I guarantee any time you wait, it soon will be. More and more, I get enquiries from companies selling real estate leads. They notice Now i'm everywhere on the internet. My sites rank very high organically just for specific real estate search terms and cpc. I also personally own the right spots on other real estate portals that travel targeted traffic to my listings, my sites and sure..... generate high quality, exclusive leads. I just received a label from a company selling real estate leads. As published into my book, Internet Real Estate Agent: A Guide To Dominating Internet Realty Leads and Marketing, there are specific questions you must ask in avoiding wasting money and time. After going back and to fruition with the skilled sales rep., I was able to hone down the fundamentals of how the program works. Here's how their direct program works: 1 . A person is watching television, listening to the radio and / or sees a banner ad online. The add is expecting the person to call a phone number to learn about a real estate place a burden on advantage and commission rebate back to them if they obtain or sell real estate. 2 . Pay $60 a month for just a zip code. 3. Pay 19% referral fee within closing (this gets split between the "lead company" as well as customer at closing). 4. Here's the kicker.... the particular leads are given to 7 other agents as well. The real estate sales lead business model isn't new and many providers have a slight variation to it. Personally, I would never order leads from this business model. I prefer to create my own exclusive cause systems. Here's some of the pitfalls with the real estate lead business design you're being sold. 1 . Leads coming from TV, Print, r / c or the internet that rely on some form of incentive offer are likely to be very low quality leads. One of the incentive offers is a "commission rebate program". Need I say more? 2 . The reason pay a monthly fee so you can compete for the result? Why not get EXCLUSIVE leads that are not incentive qualified prospects. You can't do every lead program on earth, so find and chose how you spend your money and time. 3. I have a hard time paying a referral fee to a professional when I'm competing with other agents, given the minimum quality lead and there's no personal relationship. That's not the referral, it's a lead. No relationship, no history rarely are commitment from the potential customer to use me. I like paying reference fees to agents that have personal relationships with their authentic clients. When I get a referral call from another professional, they know the person being referred to me and When i get the client. That's a real referral and qualifies towards the big referral fee. 4. There are so many ways to produce leads. You should pick and chose the best ways to spend your time and money. After reading Internet Real Estate Agent, you won't come prey to poor Internet business models. You may make a mistake or perhaps two--I do from time to time when trying something new--but, all these mistakes are quickly remedied. You will understand exactly how to extend your real estate website, what to know before buying a properties website, advanced concepts for Google AdWords, how to current market your listings online for more leads, the shifting Broker/Agent model and much more. Discover how to set up your own internet realty lead generation machine. Don't be dependent on any one company for sales opportunities. Get educated and become independent! The book will draw you through a tremendous amount of information and facts, not hype, regarding Word wide web real estate lead generation and Internet marketing. It's the lowest cost real estate instruction and education you will ever spend. It's all about word wide web real estate lead and marketing. Keep this book with you and use it as a trusted reference guide. Start working with your Web site, and then move onto the other areas of online list size and Internet marketing. Once you have your online real estate lead-generation business put in place, it really will run 24 X 7, by positioning the right message in front of the right people, at the right occasion. Agents and Brokers already know they need to market to history clients and their sphere, but it only gets you will so far. They also know the urgent need to embrace the world wide web. The value of traditional farming techniques is diminishing. It's a fact, everyone is mailing something; everyone is doing longer open properties; and everyone is getting into the real estate business. But, rarely anyone is doing online advertising. Even fewer are doing it ideal. In fact , most agents and brokers attempting to do web based lead generation and property marketing are doing it totally erroneous. Don't waste money and time by buying leads originating from a company that sells false dreams of Internet riches. Take control of your business lead systems and start implementing your prepare today. Here's a short sample from the book: Marketing Your own Listings for Leads The majority of this book has been regarding creating a real business Web site, driving quality traffic with your Web site, and converting that traffic into leads. At this time let's focus on how to create more business by online marketing your listing online. You've worked long and very hard to get the listing, now let's leverage that listing to set-up more business. For most of the homes I've sold, typically the buyers began by viewing the pictures and information online and then contacted me about a private showing. Any time you market the property correctly, you will get leads. Using the list of selling resources below, I average over 2, 500 precise property views for each listing. I get highly capable internet buyer and seller leads when marketing a home online. Think about that for a second. Online, people are hunting for a specific home, in a specific area, in a specific college district, in a certain price range, etc .... and my entries are showing up. That's a ton of quality traffic the majority it was free. I just read the other day about a Home of Technology who serves on a major MLS panel who said the traditional business model of getting leads from sustaining open houses is almost dead. People are using the Internet for researching, and they are contacting an agent long before they enter the house. Dependant on my personal experience, I agree with this assessment. Having expended many Sunday's working at open houses, I think it's very rare for someone to walk through the door as well as say "I don't have an agent. " The following list of strategies will put you in a position to actually make more money from each one listing you have. If you don't have any listings or are having their first go real estate, I suggest approaching an agent in your office that has a list of and ask if you can do some Internet advertising for him or her. Be sure that you abide by any local MLS rules you have...