It always amazes me when someone approach me about real estate investing and wholesaling particularly. They also embellish their level of education and action. This post is not your typical post. I want to educate those getting started by reviewing some of the essential acronyms real estate investors use. Here is real estate investing verbiage 101 (Learn the Lingo)
As I sit and write this open letter to new investors, I am reminded of the struggles I faced. It was not long ago when I confronted a critical decision. I had to decide whether to throw caution to the wind and invest or continue down my current path. I would like write to you today about taking the leap of faith. Read the rest of this entry →
Education is a major part of real estate investing. Educating your sellers will often occur. Wholesaler: Educate Your Seller To Close Deals, here’s how
Education is a major part of real estate investing. Educating your sellers will often occur. Here’s how to close more deals by educating your sellers.
A few months ago, I wrote an article about engaging sellers on the phone. This clearly ties in with educating your seller. I must say that I did not address another component of the conversation. I omitted this component because I wanted newbies to focus on the importance of gathering information from the seller. If you have a handle on gathering information great. The rebuttal to some of the sellers’ responses are critical in structuring your offer. Read the rest of this entry →
I will be reading a book shortly that everyone have been discussing “Start With Why” by Simon Sinek. This brought me to ask you this simple question; Have You Asked Yourself Why Real Estate? Read the rest of this entry →
Have you heard “get started investing without using any of your own money”, sure you have and many people believe this statement. However we all know nothing in life is free. I do agree there is a cost for most things. In this article I am going to introduce to you some free or low cost tools for wholesalers to use when starting out. Read the rest of this entry →
One of the most complicated tasks when starting out is knowing the legal ramifications of what should be in the wholesale contract. This article will be a great foundation to start with. However, laws are different in each state, so the best advice in this article is to consult an attorney.
Starting out can be expensive with legal fees. In my experience, I paid over $1,800 in legal fees to generate contracts I use for lease options. Of course, most newbies starting out do not have that kind of money. I will go through the most important content that need to be added in your purchase contract. I recently wrote a similar article regarding this topic on Bigger Pockets where I am a regular contributor regarding wholesaling. I want to go deeper in depth in this article and discuss the most critical things to have in your real estate contract. Read the rest of this entry →
What’s the Differnce Between Birddogging and Wholesaling?
I had the pleasure of being interviewed by Sharon Vornholt on her podcast Let’s Talk Real Estate Investing. Sharon is one of the most influential real estate investor in Louisville, Kentucky. We discussed what’s the difference between birddogging and wholesaling, and an awesome way to get started as a real estate investor.
If you are an aspiring newbie investor this podcast is for you. Come on and join the conversation as we discuss real estate investing Listen Now
I would love to hear some of your stories about how you got started as an investor, or some of the things you’re doing to get started.
Leave your comments below
DON’T FORGET to get your FREE copy of my book called “The Birddog Bible”. and visit my You Tube Channel for educational videos on how to get started investing.
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Remember we are “Enjoying the Journey”
Hi guys I want to talk about an awesome encounter I had recently and how it made me reflect on how I got started. I was asked “what are the practical steps I need to take in order to get my first deal but I can’t afford to FAIL”!!!! Read the rest of this entry →
There are many moving parts to any real estate transaction, and many people get snagged in one of these parts. With wholesaling these parts can trip you up very quickly.
The 5 Areas Newbies Trip and Fail in Wholesaling
Although this list is not all encompassing of a wholesale transaction, there are just a few parts that can cause you to fail as a real estate newbie.