If you’re not getting what you want in life, it’s for one of two reasons: fear or pride. Are you saying things like, “Why should I go wholesale a house? I’ve never done it, and I’m scared.” Now ask yourself: When has fear served you? Or have you ever said, “I’m too good to send out 100 envelopes a week. I’m too smart for that.” If you’re not getting what you want in real estate or in life, see if fear or pride is holding you back. Get clear. (more…)
I ask if they have an infinite-return mutual fund—one I don’t have to put money into, but money keeps coming out. That’s real estate; there is no other investment that lets you do that. Think about what one extra deal is worth to you. (more…)
Say you found a property worth $80,000 and you can buy it for $60,000 because you’ve found a seller who’s motivated due to a divorce, estate sale, short sale, foreclosure, or poor maintenance. People find properties like that every day, and you can, too. (more…)
Adopting this advice, the Ohio student mentioned before sends out 100 odd-number offers a week. For example, if the sellers are asking $300,000, she offers $149,817. It takes her about an hour and 15 minutes to send out 100 offers a week, and it costs her $40 in postage. (more…)
I have also become a teacher of real estate investment through my seminars. They help me learn more and more about this business. One of my students in Ohio said she couldn’t become an investor because she’s shy and doesn’t like talking to people. (more…)