We Buy Wholesale Real Estate Assignments - Get Your Deals Sold Fast!
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So you've learned about real estate and how to find, negotiate and contract those heavily discounted properties that will have you raking in an insane amount of dough. You finally have the property under contract and you are super excited that you've managed to land a deal. First of all let me take a second to congratulate you, virtually hug you and give you a firm pat on the back.
Now that it's done you've just realized that there are a few more steps to be taken before the big pay day. You must find an investor to assign your contract to, they must agree to the terms, and typically it must make it to a successful close. Once all of those steps are completed you are officially entitled to that nice piece of check!
There are hundreds, if not thousands of so called Gurus, whom market their ebooks, online courses, and seminars to the mass amount of opportunity seekers out there. These self-proclaimed "gurus", do nothing to personally ensure their students success. This is where I am different! I have not only shown you how to find, negotiate, and structure the deal, but I am going to buy every single deal that comes across my desk that I have interest in.
What made me extremely angry when I first started out was that the majority of authors behind these "big" courses would never accept a deal from me no matter how much of a no brainer it was. I started to question if they were really real estate investors or just merely internet marketers. I must confess they I have my feet wet in both areas but they are not just wet they are heavily marinated, unlike most "trainers" that you will come across.
I will not only consider each one of your deals as a separate joint venture, but in this hub I will also explain the best methods to constantly increasing your network of investors.
Before we go further down the road of building your network of investors let me remind you to check out my hub, "How to Find and Flip Wholesale Real Estate Deals Fast", the title speaks for itself. You may also want to check out, "The Key to Raking in a Fortune With Real Estate Wholesaling - A Dollar and a Dream".
You will get a lot of useful information, so I will be looking forward to your votes, fanmail, and "like" submits ;-)
If you would like to submit deals to me either now or in the future, it is an absolute must that you are a subscriber to my email list. So if you have not yet joined and want to partner with us please subscribe now.
Everything that I send out is essential to understanding how to creatively invest in real estate and they have the power to create more wealth then you can possibly imagine. I want to make sure that everyone who has aligned their self in my sphere of influence has had the advantage of getting the training needed to become one of the best our industry has ever seen.
I will be periodically sending out free e-books, reports, software, and exclusive bonuses free of charge. Occasionally you may receive a promotional product that may be of interest to you. Though I highly recommend that you invest in your future it is totally up to you. The most important thing I want to make sure you that you receive is the free material and sample contracts that are crucial to the business.
Every deal will not be for us. There will be deals in the middle of the back woods somewhere that aren't by any means appealing to myself nor any one in my network. In this case you want to make sure that you are well associated, meaning, you have built a strong list of buyers. Your buyers / investors must be well capable and ready to purchase at the drop of a dime (especially with time being of essence in these type of structures).
One of the major keys to being successful is by already having your network of investors in place. You want to have a list of people that are able to buy, but that is only the beginning. In addition to having your list you must know each investor's target market and cater to that market. In other-words, if you have buyers looking in the suburbs for homes in the price range of $200,000 - $400,000 with little to no rehab needed, then it is an absolute must that you target your search around that specific criteria.
Now this is not necessarily always the case because in time your network will expand and the criteria that each investor is seeking may be significantly different from the rest. This investor for instance may just be interested in homes priced over $500,000 and another may just be interested in multi-million dollar homes. Now at that point you may want to revise the target market you are willing to focus on and clients you are willing to take on (price range at least).
Once you know each investors likes, dislikes, and definite deals that will be sealed you are on your way to creating mega profits almost overnight... Hey, I said ALMOST guys!!! :-)
To be more productive with your time and have greater financial success it is imperative that you stick to the needs and wants of your buyers. Afterall, whose bring you the Cha-Ching Ching Ching!!! As the famous mentor and motivator, Zig Ziglar said, "You can have everything you want in life, if you help enough other people get what they want". If your looking at a deal that is nice to you, but you don't feel would make your buyer look twice, it's On To The Next One! No time to get sentimental over it, either it is going to work or it's not, if its not....Vamos...Time to go!!
You want to make sure you target your entire property search and / or advertisements to that of the needs of your Buyers. NEVER... Get this, what did I just say??? NEVER! hmmm maybe some of you folks haven't heard me yet, let me try saying it a little louder. NEVER EVER EVER EVER, do you communicate a deal in the works to an end buyer or investor until AFTER you have first gotten the signed contract in your hands. If you want to see a deal slide through your fingertips quicker then quicksand you can go ahead and ignore what I just said.
I know some of you may be thinking I get it, I get it, but quite honestly even after screaming that WARNING at the top of my lungs many people will never get it. They will ask over and over again and want to know when is there an exception to the rule. When that happens I will kindly redirect them to this hub and the aforementioned paragraph and say, "That is the One and Only exception to the rule (which is NEVER!!!)".
First of all if you do not have a contract on a property it is not yours to assign. That is plain and simple. How can you assign anything that is not yours? It beats me and I'm the one writing this hubba hubba book (ok already, "hub", just thought "book" rhymed better..lol). The next question many people will have is, what if I want to give someone a heads up, I trust 'em. My answer would be Terrific, since you trust them so much why don't you hand off your social security number to them along with your banking routing number and account number as well. Hey, might as well, if you trust them so much!
Just don't do it! Never Ever Ever release information about the property address or owners until you lock down the terms in writing first. At your discretion, you can discuss the general city parameters, bedrooms, bathrooms, what work is needed and any general information you deem necessary. Otherwise, just wait until you seal the deal!
Once you have the contract signed by you and the sellers, the next step is to contact ONLY those investors that have expressed interest in purchasing property with the same criteria. If you have real buyers and have matched what they are seeking in location, condition, general description, price range and loan to value ratio, then the PROFIT is going to be quick and easy to come by!
Remember you can find your buyers / investors on online communities, local real estate groups, newspaper ads, family & friends, it could even be your dentist at that! Look around, who do you see? They are all potential clients or investors even if they have never purchased one investment property before. Once someone realizes the power of purchasing property for pennies on the dollar and how it can earn them more money in one year then banks can make them in 10 or 20 years they will see you as nothing less then an asset!
So now that you are more knowledgeable at building your network of investors, Keep your Pool Filled!! The more buyers you have the faster your turnover time is. Also as I stated before, I would be more then willing to consider any and all deals that you bring me. I will purchase an assignment that I am interested in. The first thing that is required is to be a subscriber to my www.REIMillions.com website to get your free e-books, bonuses and contracts periodically in the future. The second would be to email me the deals and the information pertaining to them for consideration.
I hope this hub
was informative and useful. If so please do not forget to share this
hub on facebook, follow me and vote me up! Thanks :-)
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Wil Jackson 16 months ago
I am an investor / General Comtractor very interested in moving in the commercial end of the Realestate Industry. Read ur blog U said quite a few things that interested my way of thinking. Look forward to more information and one on one contact with ur team and support group. Thanks a million for ur insight. Wil Jackson. 504 373-4095