1.You do not need to have good credit-With traditional real estate investing not having credit can end up being a major problem. Without credit you cannot get a loan, and without a loan you cannot buy a home. There are ways to buy without credit such as lease options, land contracts, and "subject to" financing. The problem with these methods is in many cases the profits are not immediate like they are when you wholesale real estate.
2.Immediate earning potential- Being a real estate will give you the power to be earning profits in as little as 2 weeks. From my experience there is no other job or opportunity out there that can have you earning $3,000-$10,000 in the next couple of weeks.
3.Limited risk- Being a real estate middleman is by far the lowest risk way to get involved in real estate investing. If you set up your deals correctly being a middleman is a NO RISK way to do real estate investing. The worst case scenario from a risk perspective is that you may lose you deposit money which typically ranges from $100-$1,000. If you follow my methods for being a real estate middleman you won't even need to worry about losing your deposit money.
4.No money needed (Truly $0 down)- I know it may sound too good to be true, but you really don't need a penny to get going as a real estate middleman. You may end up passing on some deals that require deposit money but I will offer you some great ways to get around that.
Try searching in the Internet and you can easily find hundreds of courses and e-books. Most will talk about why it is good for you, why it's the best form of investment available. But they are not really teaching you the strategies.
Here is the list of the important points that you should learn in the course and these can guide you in choosing the right course.
1) Understand the "flipping property" process. This system is one of the most recommended techniques in real estate investment. This involves buying an under-priced property, doing some fixes and sell at market value within a short period of time. Sounds easy but there are a lot more to learn on this system. You need to understand how to choose the property, what to do with it, when to sell, etc.
2) There are many vacant and abandoned houses which you can make profit. But you need to know how to find the owners and how to search for such houses.
3) You also need to learn how to determine the value of the property. You need to assess the cost involved in the renovation or repairs. Some investors employ the help of professional agents to help them calculate the value of the property. This can be costly so it will be better if you yourself know how to assess a property.
4) Another important thing you need to learn is how to sell to potential buyers. There are strategies on how to make your presentation appealing to the buyers. For example, Investors and insurance agents invest some amount of their earnings on training courses on how to improve the marketing and presentation to influence more buyers. How you present your offer is very important in closing a deal.
5) Next, you have to learn what you need to put on your sales page. Do you know that investors pay thousands of dollars to copywriters just to create one powerful sales pitch? This is because the sales page is the backbone of your business. This will help you gain a list of potential buyers.
6) You also need to learn how to determine the purchase price of a property.
It will also be better if the course is available in CD's so that you can repeat the lessons as many times you want.
Make sure that the course that you will choose can at least answer the questions listed above. There are online courses offering question and answer sessions. This is good as you can have a more interactive learning.
Enjoy the learning process and make sure to put it into use.
Whether you are the world's richest person or broke and out of work- time is your most valuable asset. By eating right, exercising and driving carefully, you might increase your time on earth by a few years, but only a few. So in order to achieve the things you want to achieve in life, it is important that you manage the time you have wisely.
The foundation of a time management program is daily planning.
Over 30 years ago, at the beginning of my business career, I read books and listened to many tapes on how to be better at sales, motivation, negotiating, etc. On one of those tapes I heard a story that has had a great positive impact on my life. Within that story was a time management technique that impressed me so much that I immediately adopted it for my own use and have continued to use it to my advantage to this day. It's called...
"The TWENTY FIVE THOUSAND DOLLAR Idea"
The story took place around the turn of the last century-about 1900.
At that time the..
Average yearly income.........................................$703
DOW Average.......................................................$49
New Home (median price)..................................$2,200
New Car (average cost).....................................$1,157
Milk (quart)............................................................7¢
Bread (loaf)............................................................4¢
Steak (pound).......................................................15¢
Stamp...................................................................2¢
Around 1905, Charles Schwab was President of the then fledgling Bethlehem Steel Company. The small steel company was struggling due to its inefficiency and poor sales.
Mr. Schwab was of course a very busy man and had little time to waste with sales people. One day Mr. Ivy Lee (a business consultant) made a call on the company and asked if he might have a few minutes of Mr. Schwab's time. He was met with reluctance but persisted and was granted a short interview with the busy business executive.
"Ok" Mr. Schwab said "What do you have in mind?" The optimistic Mr. Lee told Schwab that he would allow him to spend only fifteen minutes with him and each of his managers he (Lee) could increase the efficiency of his entire company and that Schwab and his managers would learn to "manage better."
The indignant Schwab said, "I'm not managing as well now as I know how? What we need around here is not more "knowing" but more doing, not knowledge but action! If you can give us something to pep us up to do the things we ALREADY KNOW we ought to do, I'll gladly pay you anything you ask."
"By the way, what do you propose to charge me for your services?" asked Schwab. Mr. Lee replied, "Nothing, unless it works. I will provide the service and in three months you can send me a check for whatever you feel it was worth to you." Mr. Schwab, thinking he had little to lose, shook Lee's hand and the deal was made.
Lee indeed spent only about fifteen minutes with Schwab and each of his executives. At each meeting Lee asked each manager to do the following:
At the end of each day they were to:
• Write down the six most important things for the next day.
• Mark the most important item with a number one the second most important with a two and so on until all were marked.
• First thing the next morning, begin working on the task marked number one and upon completing that task, check off the completed item and immediately start on the next number until all the items were completed.
Only a few weeks passed when Lee received a letter from the Bethlehem Steel Company. Inside the envelope, Lee found a check in the amount of $25,000.00 and a note from Schwab saying the lesson was the most profitable from a money standpoint he had ever learned.
Do you think that possibly efficiency and sales had increased at Bethlehem Steel? In the five years that followed, Schwab turned the unknown Bethlehem Steel Company into the largest independent steel producer in the world and Schwab became a millionaire a hundred times over. Charles Schwab became the best known steel man alive at that time.
Wow, was I impressed when I first heard this story. I thought if Charles Schwab, one of the smartest businessmen of his day, was willing to pay so much money for this advice then why shouldn't I use it also and I'm in good company.
When I was doing time management research in the early 1990's and living in
Mary Kay was kind enough to fax me a copy of her notes about "The $25,000.00 Idea". Years later in her book "You Can Have It All" Mary Kay referenced the story and stated the following:
"I decided I would follow it, too. Each night, I put together my list for the following day. If I don't get something on my list accomplished, it goes on the next day's list. I put the hardest or most unappealing task at the top of the list. This way, I tackle the most difficult item first, and once it's out of the way, I feel my day is off to a good start." Not only did Mary Kay use this time management system but she encouraged her thousands of sales people to put it to use also.
One final note
Dr. Robert Schuler had a simpler version of time management that simply says... "Ask yourself what is the most important thing you need to accomplish, and what are you doing about it today?"
I hope this article has helped you in your quest to build wealth through real estate investor training. For more articles on real estate investor training and to sign up for free reports, articles and e-books please visit my website at http://www.dennisjhenson.com where you will also find free forms, documents, MP3 Downloads and much more. Also visit http://www.turbo-bidder.com for great real estate investor tools.
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