Hey, I was on the phone with Private Money Blueprint member, Tim Ryan, and he was telling me about a 42-unit deal worth $3mm bucks he closed.

It’s amazing how far Tim has come since joining forces with us back in May ‘09.

A few short months after implementing the PMBP system and processes, he sent me this message…

——

“Several months ago I was spinning my wheels trying to close a single family with a bank… earlier this month, I closed on a 16 unit deal, a 2 duplex deal, and another duplex deal REO – with private money. My net monthly cash flow is $2000!

Thanks guys because I know this is just the beginning.”

——

Yep, it was just the beginning Tim :-)

From spinning his wheels trying to close a single family deal through a bank… to closing multi-million dollar deals.

And get this…

Tim hasn’t used one dime of his own money to acquire any of his properties. To finance the 42-unit, he put a simple ad online and got $560k in private money!

I asked Tim if he would hop on the line and share exactly how he’s finding and funding his deals… and he said “YES!”

And as I’m sure you can imagine… the interview kicked some serious butt! Our Private Money Monthly members loved it.

Here’s just a sample of what Tim covered:

* How to get Realtors feeding you “pocket listings” (great deals that other people aren’t finding)

* Tim’s secret ingredient (it starts with a “P”) to getting private money

* How he used a pre-payment penalty to his advantage when negotiating the 42-unit deal

* The exact ad that Tim used to find $560,000 in private money AND a credit partner (swipe and deploy this into your biz)

* The unconventional method Tim used to find the PERFECT resident property manager

* and much more!

The good news for you is…

We record all of our live monthly trainings and I uploaded the video in the member’s area :-)

= = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

Not a Private Money Monthly (PMM) Member Yet?

= = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

To get access to this recording, you have to be a PMM member… but right now, when you take a measly $2.95 test drive in PMM, you get 4 of our training programs… FREE!

>>> Become a PMM Member, Get 4 Training Programs, & Access The Interview w/ Tim Ryan <<<

Heck of an offer if I do say so myself (but there’s a reason for that… just click the link and I’ll explain).

Oh yeah and btw, this is a PART-TIME thing for Tim. He has a full time gig, is married, and has 3 kids.

So no “I don’t have time” excuses.

You can do this.

- Patrick

P.S. – Check out this pic of Tim with his wife and son outside of his new 42-unit deal…

Congrats buddy… from the entire PMBP family!

We’re proud of ya :-)

Related posts:

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2. Why Are You A Real Estate Investor? Before I dive in here, if you’re wondering where in...
3. Will This Law Change Your Business? Hey, I want to share a law with you that...

I met an investor recently, Casey Cavell, who is buying 200 to 500-unit self storage buildings without any of his own cash or credit.

He’s using a mix of seller financing and private money to close big deals… no money down. And he’s only 25 years old!

So, I decided to hop on the line with Casey and do a full “whats working now” call where we go into detail exactly what he’s doing to find private lenders, to convert them, and how he’s putting that money to use in his real estate business today.

I do an interview like this every month for my Private Money Monthly (PMM) students.

…  just one of the things included in the PMM program is a monthly interview with someone (no gurus, underground investors you’ve never heard of) who is doing really really well in today’s real estate market.

Self Storage Investor & Entrepreneur Casey Cavell – Inside Interview

Below is a short segment (12 min or so) from my interview with Casey where you’ll learn:

=> How he structured his first self storage deal (over 200 units!) with the seller and private lender

=> Exactly what he was looking for in a good deal – his buying criteria

=> The list broker contact who you can use too to find great deals

=> The 2 things that tipped him off and assured him he was staring at a goldmine

… and more.

Check out this clip from Casey’s interview…

Isn’t that awesome?

Think about it… if a twenty something kid can do 200 plus unit self storage deals without any of his own cash or credit, you can do single family or small multi-family deals, right?

Hope you enjoyed Casey’s interview.

If you have a comment or question, toss it in the comment area.

~ Patrick

No related posts.

Check out Ron’s victory speech below…

Congratulations to Ron… way to go Probate Guy!

The 2010 Final Standings

1) Ron Mead, The Probate Guy – 2010 Champ – 251 Votes
2) Steph Davis – 189
3) Julie Broad (’09 Champ) – 154
4) JP Moses – 148
5) Craig Fuhr – 120
6) Patrick Riddle (aka Sergeant P-Rid) – 65
7) Shae Bynes – 22
8) J Scott – 20
(less than 20 votes)
9) Jamel Gibbs
10) Alex Joungblood
11) Rachel Hernandez
12) Peter Kolat
13) Scott Costello

Now, let’s give a round of applause for all the excellent REI Bloggers! You guys and gals pour your hearts into your blogs… and the 1000+ votes below are a testament to that!

AND, a BIG THANKS to everyone who voted. It means a TON to us bloggers…. we salute you :-)

It’s been my pleasure to host another great REI blog battle.

That’s it for ol’ Sergeant P-Rid.

See y’all next year for the 3rd annual battle. It’s gonna be big!

~ Sarge

P.S. – Are you an REI Blogger? Interested in participating in next year’s battle? If so, leave a comment below with your name and link to your blog.

P.P.S. – If you voted for Ron, Steph, or Julie, you’re in contention to win one of those Private Money Blueprint Training Systems. Good luck!

Julie Broad
Life As Real Estate Investors

Real estate investing live and on location across north america. Videos, tips, and resources to help you invest successfully in any city!

• 
• 
• 

Ron Mead
Buy Probate Property

If the coffee I’m drinkin’ and what I’m just thinkin’ or your just a winkin’, then we’d better say bye, cause I’m just the Probate Guy!

• 
• 
• 

Steph Davis
Flip This Wholesaler

Rags to riches real estate: the daily musings of a bartender turned REO wholesaler …

• 
• 

JP Moses
REI tips

Imagine Real Estate Investing…Undressed. It’s practical, real & “Average Joe” friendly. Stop by & grab my 53 Free REI Forms on the house!

• 
• 
• 

PATRICK RIDDLE
Must Know Investing

Your Source for Creative Real Estate Investing Tips, Tools, and Techniques… and Host of Battle of the REI Blogs.

• 
• 
• 

Shae Bynes
Good Faith Investing

Shae seeks to inspire and inform with stories from the streets. Some even call it chicken soup for the real estate investor’s soul. :-)

• 
• 
• 

Peter Kolat
Real Estate Internet Marketing

Real Estate Internet Marketing Blog-FREE 56 pg. Real Estate Black Book-The Only Place to Get Secret Internet Marketing Strategies For FREE.

• 
• 
• 

Jamel Gibbs
REI Education Academy

FREE 5 Part Crash Course on Wholesaling Houses provided by the Jamel Gibbs. Discover Pure Real Estate Investing AWESOMENESS.

• 

Rachel Hernandez
Adventures in Mobile Homes

Sharing stories and adventures about investing in mobile homes. Learn from Rachel – aka Mobile Home Gurl – who specializes in this niche!

• 
• 
• 

Scott Costello
Struggling to Get Started

A Nine-to-Fiver overcoming fears and a lack of time. No tips, tricks or fast profits here, just every day experiences from a new investor.

• 
• 
• 

J Scott
1-2-3 Flip

123Flip.com brings you the nitty-gritty of a real life house flipper, including detailed financials, schedules and results down to the penny.

• 

Craig Fuhr
SurReal Estate Success

Craig Fuhr is a super-star investor & premier rehabber. His blog is a daily stream of insanely fun & real-life RE Investing tips & videos.

• 
• 

Alex Joungblood
Wholesaling Houses in Real Time

A full time wholesaler making it happen in a down real estate market. How you can still make a full time income wholesaling houses.

• 
• 
• 

Alrighty…

Here’s a quick recap of the contest rules from the video above:

1) Contest starts October 18th and ends at midnight EST on October 21st.

2) You must be 18 years or older to participate.

3) Pick your favorite real estate investing blogger.

4) VOTE by entering the name of your favorite blogger in the comment area below (only 1 vote allowed per person… violators will be disqualified).

And check out the prizes…

1st place blogger gets to award 5 of their voters a FREE Private Money Blueprint Training System ($997).

2nd and 3rd place get to award 1 of their voters a FREE Private Money Blueprint Training System.

So, we’re giving away almost $7,000 in real estate investing education… and you could win by simply voting below.

Scroll to the bottom of the screen now and put your favorite REI blogger in the comment area. And remember, only 1 vote per person.

Thanks for joining this year’s Battle :-)

May the best REI blogger win,

Patrick Riddle
… aka Sergeant P-Rid

P.S. If you think this contest is pretty cool, click the Facebook “Like” button at the top of the post and share it with your friends :-)

No related posts.

Welcome back for Part 3 in MustKnowInvesting.com’s series, “The Best and Brightest Women in Real Estate Investing!”

New to the series? If so, start with the introduction.

This week, I’m super excited to have Shae Bynes – investor, blogger at Good Faith Investing, and Private Money Blueprint student – with us. You may remember her from the recent post, “3 Private Money Lenders in 49 Days.”

Shae’s seriously kicking some butt these days getting private money, closing deals, and has a growing fan club over on her blog. In other words, she’s gettin’ it done!

But, she didn’t get to where she is today without going through the school of hard knocks.

So listen close. Shae’s got a story to tell ya. Sit back, relax, and enjoy!

Shae Bynes | Best and Brightest Women in Real Estate Investing

Take it away Mrs. Bynes…

Right on Shae! You go girl!

Thanks for sharing so much with us :-)

Connect with “Best and Brightest” Shae Bynes

Networking with real estate investors is part of success. So, get connected with Shae below…

Friend Up on Facebook

Follow on Twitter

Subscribe to YouTube Channel

Your FREE Real Estate Investing Resource Download

Shae went above and beyond and created a very special ebook, “7-Day Action Plan for Aspiring Investors,” just for you, for participating in this series.

You’re in for a treat because this thing ROCKS!

Grab your 7-Day Action Plan now! Click the image below…

(if it doesn’t automatically download it, right click the above image and click “Save as …”)

And before you go, show Shae that you care, show your appreciation by doing two things 1) click the Facebook “Like” button at the top of the post and 2) leave a comment with your thoughts, questions, and feedback. All the coolest people do.

Latress on the menjay (if you don’t know what the heck I’m talking about, you should check out the movie “I Love You, Man” … it’s a riot!).

~ Patrick

… aka P-Rid

P.S. – Here are the links to the series for you:

Julie Broad | Esi Benedict | Shae Bynes | Christina Mellott | Stephani Davis | Surprise Special Guest | Rachel Hernandez | Susan Lassiter-Lyons

No related posts.

Alrighty …

Time to kick off another KILLER training series here at MustKnowInvesting.com, “The Best and Brightest Women in Real Estate Investing“.

Every week for the next 8 weeks, one of our “Best and Brightest” will share her inspirational story, how she closed her first deal, and much more. PLUS, each gal is going to share a downloadable resource that’s gonna help you get to the next level. So, you don’t wanna miss this!

The Best and Brightest Women in Real Estate Investing

Week 1 -

Reigning Battle of the REI Blogs Champion, Julie Broad of RevNYou

Week 2 -

Flipping Mom, Esi Benedict

Week 3 -

Investor, Blogger, PMBPer, Shae Bynes of Good Faith Investing

Week 4 -

Colorado Investor and “Real Estate Investor Mom“, Christina Mellott

Week 5 -

Flip This Wholesaler, Steph Davis

Week 6 -

Surprise Special Guest (pulled some strings to make this happen … you won’t believe who it is!)

Week 7 -

The Mobile Home Gurl, Rachel Hernandez

Week 8 -

My Good Friend, the $24M Woman, Susan Lassiter-Lyons of The Investor Insights

So, as you can see, we’ve got quite the lineup!

Here’s a quick video with more details …

I’ll see ya next week for Part 1 with Battle of the REI Blogs Champion, Julie Broad.

Get ready … these amazing women are gonna make your head spin!

~ Patrick

… aka P-Rid

P.S. – Sooooo, what do you think? You guys and gals excited or what!? Leave a comment and let me know :-)

P.S.S. – Here are the links to the series for you:

Julie Broad | Esi Benedict | Shae Bynes | Christina Mellott | Stephani Davis | Surprise Special Guest | Rachel Hernandez | Susan Lassiter-Lyons

No related posts.

If you’ve been around my blog, MustKnowInvesting.com, for long … you know that I put out real estate investing videos on a regular basis. And not just your average BORING monotone old school real estate videos … I’m talking enthusiastic, fun-filled, action packed videos overflowing with actionable content.

Wouldn’t you agree? :)

Well, here’s an easy way for you to stay “up-to-date” and not miss out on anything … not miss out on new killer video content, insider secrets, resources, bonuses, etc etc …

How to Get Your FREE Real Estate Investing Video Subscription

Watch the video below …

(if reading this in your email subscription, click here to watch the video)

Free Real Estate Investing Videos … Click Below NOW!

No related posts.

Wow! It sure is amazing how time flies, isn’t it?

Sooooo much has happened in only a year …

2009 Kicked off with the Creative Real Estate Solutions in Today’s Market Video Series, then MustKnowInvesting.com turned 1, Trevor Mauch and I launched our Private Money Blueprint System (Holy Cow! What an Undertaking!), the Battle of the REI Blogs, and MUCH MORE.

Thank goodness I decided to get my butt out of bed this past weekend and go to church. That’s where I got the idea to do this post because they put together a “year in review” video with all the highlights of 2009. So, I thought it would be really cool to do a post called …

A Year in the Life of MustKnowInvesting.com

Let’s just jump right in … here we go …

The “Creative Real Estate Solutions in Today’s Market” Video Series

We kicked off the year in January with the Creative Real Estate Solutions in Today’s Market video series (over 2 1/2 hours of solid content). It was a 5 part in depth video series on wholesaling, private money, subject tos, owner financing, and much more. And at the end of the series, we took on a very limited number of students in our mentoring program.

One of those students, Justin Wilmot, a twenty somthin’ self proclaimed surfer dude from Florida, had quite the year; he closed his first wholesale deal, locked up a million dollar credit line through a private money lender, and closed his first rehab deal. To say Justin’s life will never be the same would be quite the understatement.

Happy B-Day!

On January 19th 2009, my baby, MustKnowInvesting.com turned 1. It was a great day, a milestone, an accomplishment. Few people (other than fellow bloggers) realize how much work goes into maintaining an active blog.

Thousands of hours have been poured into the idea and implementation of everything you see, read, listen to, and watch here. To see my blog grow and mature over that first year was awesome (and now my baby is almost 2 … whew … children sure to grow up fast … haha)

The Private Money Blueprint

For the next few months, I published 2 to 3 new articles and videos per week and spent countless hours, nights, weekends preparing for our Private Money Blueprint launch.

Let me give ya a little back story …

Trevor Mauch and I had partnered up in August of ‘08 to teach people how to get private money. We taught a couple free 100% content webinars and there was a HUGE demand for more information. So, we created a pilot program to teach 20 lucky students how to get unlimited funds for their real estate deals using private money.

After the program finished, our students raved; they wanted more.

Next, we wrote the home study manual (an arduous task), commissioned Trevor’s web guy to put the private lending websites together (an expensive task), built the Private Money Blueprint Membership site (another big task), and put together a plan to launch our private money getting system in May (a “thank goodness we hired help” task … thanks @ChrisBrisson).

Whew … I get tired just thinking about all that stuff.

Anyway, much time was spent on the Private Money Blueprint project (which was birthed from MustKnowInvesting.com) and it all culminated in May when we launched; quite the accomplishment.

The icing on the cake has been the amazing results our students have gotten from our system. It’s so awesome opening up my email each morning to find another success story from a student.

The Investor Connect Contest

After things settled down from the launch, I wasn’t sure what my next “little project” would be. I had a few ideas but nothing slapped me across my face UNTIL … I had the idea for the Battle of the REI Blogs contest (more on that in a little bit).

So, in preparation for “battle”, I decided to run a small contest on my blog to get my feet wet, to learn the ropes. There was a bunch of awesome prizes and a really cool “social” component to it.

I called it … The Investor Connect Contest.

The coolest thing about it, the winner of the contest Noel Roberts, closed his first deal just a few months thereafter. Check out the email he sent me recently …

Oh yeah, and to top it all off … Noel, aka Kid Cash Flow, is only 18 years old!

So whatever your excuse was for 2009 of why you didn’t close your first deal, or why you didn’t achieve your REI goals … might as well trash it. Noel didn’t have any of the “Big 3 C’s” … Cash, Credit, or Credibility … and it didn’t stop him.

My Short and Sweet Skateboarding Career

LOL … y’all got a good laugh at my expense on this one. Make sure you watch me drop into the half pipe at the 5 min 26 sec mark.

Click Here to Watch me bust my tail skateboarding

Be on the lookout for Part 2 to this one … coming soon in 2010 :)

How to Become a CIA: 7 Part Creative Real Estate Investing Series

This was all about getting you ready, willing, and able to close on your first or next deal by delivering the information, tools, and resources to get it done. There was the “CIA Manifesto”, video tutorials, downloads (MP3s, forms, etc), guest expert Stephani Davis from FlipthisWholesaler, Dusty Keefe, master negotiator, and MUCH MORE.

The participation and feedback during this series was absolutely incredible … thanks to all who participated and all who continue to study the series.

This free in depth creative real estate investing series is POWERFUL. If you haven’t taken this training yet, write it down on your list of goals for 2010.

Battle of the REI Blogs

With 13 of the top REI bloggers in the world on board, over 5,000 visits to my blog that week, and over 1,100 votes …

What a killer event the Battle of the REI Blogs turned out to be!

One of the funniest parts about it was the trash talking between the bloggers over on Facebook. Right before the battle began, I logged in to my FB account, and my profile had been decimated by the likes of JP Moses who posted a picture of a pumpkin throwing up with the caption, “The Effect Your Blog Has on People”, Trevor who posted a pic of a line graph showing how much more traffic his blog gets than everyone elses, and Stephani Davis who posted a pic that said, “My blog can beat up your blog” … haha.

It was on!

But, shortly after the Battle ensued, it was clear that Julie Broad and Ron Mead were the forces to reckoned  with. As they blew by the competition, the rest of us were scrambling to compete.

End of the day, when the smoke cleared, Julie Broad of RevNyou was crowned champion; Ron Mead, who made a valiant effort, brought home the silver.

Thanks once more to all the REI bloggers that competed AND to you, our subscribers for contributing your votes.

Oh yeah, one more thing … if you haven’t checked out The Ballad of the Battle of the REI Blogs yet, that’s a must watch. It’s my lyrical and piano playin’ debut … Enjoy!

Contributors from Around the Globe

A BIG thanks goes to all the contributors here at MustKnowInvesting.com. We appreciate all the tips, tools, and techniques you’ve shared with us.

Jamel Gibbs taught us how to flip for profits. David “The Diamond” Oswald showed us when to hold ‘em and when to fold ‘em and inspired us to take action. Shae Bynes shared how to network our way to wealth.

Julie Broad pulled back the curtain on finding hidden bargains, showed how to overcome obstacles, gave us the 10 commandments to negotiating great real estate deals (and much more … Julie was MKI’s biggest guest contributor).

Stephani Davis contributed in style with her Wholesaling 101 video as part of the How to Become a CIA series. And my bro (not literally … but might as well be), Dusty Keefe taught us how to negotiate like a pro in Part 2 of the CIA series and how to control real estate with zero liability in Part 7.

Happy New Year

It was an incredible year here at MustKnowInvesting.com, and it wouldn’t have been the same without ya :)

Thank you for your time, your attention, your contributions, your feedback.

Looking forward to a phenominal 2010 together.

Happy Investing!

~ Patrick Riddle … aka P-Rid

P.S. For all you social media heads out there, let’s connect. Here’s my links … follow me on Twitter, Friend me up on Facebook, Subscribe to my YouTube Channel.

No related posts.

Welcome … to Part 6 of the “How to Become a CIA” creative real estate investing series … How to Assemble Your Real Estate Investing Power Team …

(if you’re new to the series, you may want to start with the introduction)

I’m here to tell you … Investing is a Team Sport!

I couldn’t tell you even one successful real estate investor I know that doesn’t have a strong team … the kind of team that has your best interest at heart, the kind of team who’s there when you need ‘em, the kind of team who fills in your weaknesses and leverages your time and resources so that you can ONLY do what you enjoy and are good at …

Do you know how to value properties?

… if not, that’s where your team comes in …

Do you know how to contract a property?

… if not, that’s where your team comes in …

Do you know how to inspect a property and estimate the repairs needed?

… if not, that’s where your team comes in …

Do you know how to research the title of a property?

… if not, that’s where your team comes in …

Well, hopefully, you get the point … because I could go on and on …

How to Assemble Your Real Estate Investing Power Team

Here’s what you’ll learn in this week’s video tutorial …

= > Who’s on Your REI Power Team

= > What Your Power Team Does for You

= > How to Find Rock Solid Team Members

= > Danger: Where Most Investors Go Wrong

Check out the video below …

Now, get out there and build your REI Power Team.

But, don’t go about it all wrong like most investors. …

Real estate investing is a relationship business … in order to build an effective Power Team, you need to focus not on you, your wants, your needs. The focus of every new relationship should be the other person … who they are, what they do, and ultimately, how YOU can help them!!

That’s how you build a win win relationship! That’s how you assemble your REI Power Team!

The Network Magic Opener

I created this to help investors avoid the mistake of not focusing on the other person. By asking lot’s of questions, you can find out exactly where someone may fit on your Power Team.

The number one question in your mind when team building should be, “How can I help you?” Because invariably, the other party will want to reciprocate and help you in your en devours.

It’s been said by many, “If you help enough people get what they want, you’ll get what you want.”

Structure of The Network Magic Opener

I. Introduction

II. Questions About Meeting (only if at networking meeting)

III. Questions About Their Occupation

IV. Questions About How Can You Help Them

V. Closing – Appreciation, Reaffirm How You Can Help, Let’s Stay in Touch

Sample Script When Networking at Your First REIA Meeting

Introduction – “Hi, I’m ___________. I’m new here.”

Questions About Meeting – “Have you been coming to this meeting for awhile? What are the meetings usually like? What’s your primary goal when coming to these meetings . . . to learn, network, find deals? Who runs the organization?”

Questions About Their Occupation – “I would assume you’re an investor? How long have you been investing in real estate? Do you have a particular niche that you focus on?”

Questions About How You Can Help Them – “I’m newer to real estate investing but am hitting the ground running. Is there any way that I could help you? What would be the best kind of referral I could send your way? What do you look for in a good investment?”

Closing – “It was great to meet you < insert their name >. Here’s my card. When I come across a situation like < insert how you can help them >, I’ll let you know. Let’s stay in touch . . .

“How to Become a CIA” Action List

1) Join your local REIA and become an active member. The potential benefits to this are too many to list.

2) Map out your action plan for assembling your REI Power Team. Write down the specific steps that you are going to take. Be as clear and detailed as possible.

3) Memorize the Network Magic Opener. Customize it so that you can use it in other parts of your business as well. And keep in mind that real estate investing is a team sport … it’s a relationship biz … continually ask, “How can I help you?”

4) Leave a comment with your thoughts, questions, and suggestions. I love to hear from you all … (that’s what keeps me going) …

Happy Investing!

Here are the links to the rest of the series . . .

Intro | Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 7

No related posts.

In today’s post, Julie Broad of RevNYou tells us how to drain the risk from our real estate deals … (if you missed it earlier this week, make sure to check out the video review I did of Julie’s Real Estate Millionaire: The Essential Starter Course)

Real estate investing can be risky. We’ve all heard the stories of the losses, the bankruptcies and the stress caused by real estate investing missteps.

As a savvy real estate investor, you should always be looking for ways to drain the risk from your deals. And the real big risks arise when you buy a property that nobody wants to live in.

Empty units can suck the profit from a property in a single month, and consecutive months of vacancies can sink you. And, if you’ve bought a place that nobody wants to rent from you, you’ll probably have a hard time selling it too!

So – how do you drain the risk from your deal and buy a property people are sure to want to live in? Instead of chasing the hottest deals …

Find the Starving Crowd!

If you were going to open a restaurant, where would you want to be? You’d look for an area where people with money to spend on food are starving. Even if there are other food choices in the area, if there is enough demand for food and there’s a hungry crowd waiting for it, your chances of success are much higher.

Of course you have to make sure you’re serving the right food at the right price, but let’s face it, when you’re really hungry you’re a lot less concerned with what you’re eating and how much it costs than if you’re well fed.

The same happens in real estate. If you find an area where people want to live, and you find the property type they want to live in, everything gets much easier. Your prospective tenants are much less price sensitive and there’s a larger pool of people to choose from. And, if you do decide to sell the property, even if the market is slow, you’ll find the sale process quicker and more lucrative than in less desirable areas.

The Secret to Finding the Starving Crowd

It’s starts by knowing where to look. Do a little market research. Find a community that has growing demand being driven by new employment, a college or university, or something significant that is drawing people in. Sometimes the significant thing can be a new transportation hub like a new subway station or a new highway. Other times it might be a new ski resort or some other form of recreation expanding or developing.

Basically, you’re looking for population growth, increasing household incomes and a shortage of places to live.

Once you find an area like that, start visiting open houses. Chat with the realtors. Ask them about the houses that people are buying – and why they’re buying those houses. Ask them about must-have features. Call a few local property managers. Ask them about the people who are renting. Ask both realtors and property managers where people in the neighborhood usually work, and what attracts people to that area. You can even ask about rental rates and popular apartment buildings in the neighborhood.

Then walk around and chat with people in coffee shops and parks. Find out where they work, what they like about the area, and other general information. And pay close attention to apartment buildings with no-vacancy signs. What size units do they have? Where are they located – near a subway or bus stop, across from a park or something else that might be drawing tenants? Do they have any special amenities?

Finally, you can go online and read the ads people are posting. You can even call some of them and ask questions. Find out what features everyone highlights. Be curious.

Pretty soon it will become apparent what it is that tenants in the area are hungry for – maybe 2-bedroom units with dishwashers, or 3-bedroom homes with a fenced yard near George Washington High School, or 1-bedroom condos off Granville Street. Once you know what is hot, and you understand why, then that is the kind of property you want to buy.

And when you do that … when you find the starving crowd and give them what they’re hungry for, you’ll find it’s very easy to find good quality tenants, make tons of money from your property and eventually sell it for a very nice profit.

________________________________

Julie Broad and her husband Dave started investing in real estate several years ago and have amassed a mulitmilllion dollar investment portfolio. Julie was able to retire last November to a life of real estate investing and helping others follow in their footsteps.

Julie and Dave have a real estate investing course specifically designed to help beginning investors get started the “right way” … check out the video review I did of their Real Estate Millionaire: The Essential Starter Course … (I give it two thumbs up!)

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If you’ve been a regular reader at MustKnowInvesting over the past year, you’ve surely seen one of the guest articles contributed by Julie Broad of RevNYou …

She’s been a regular contributor and even taught a 100% content teleconference call with us several months ago. As long as you were signed on to my list, you got the invite to hear Julie and her husband Dave’s 5 step anybody-can-do-it real estate investing process. And they also shared a little bit about their story … about how they’ve built a multi million dollar real estate investment portfolio in just a few years.

Here’s what their 5 step real estate investing process looks like …

Pretty simple ehhh?

Well, Julie and Dave have a course that they’ve put together based on this process … actually … before I get to that …

One of the things I LOVE about Julie and Dave is that they are regular everyday down to Earth people. They’re straight shooters that don’t support the “get rich quick” mentality or methods that some of the “gurus” teach. They don’t hype up real estate to be something that it’s not.

… and in my book … that means a lot!

I asked Julie to mail me a copy of their home study course so that I could review it for you guys …

One of my goals here at MustKnowInvesting is to provide you the information, tools, and resources that you need to be successful. Sooooo, when I come across a quality course that I give “two thumbs up” … I’m gonna tell you about it.

Real Estate Millionaire: The Essential Starter Course

Check out my video review below …

I cover why I think their course is particularly relevant in today’s market, who I think the course is right for (and who it’s NOT), how Julie and Dave became real estate millionaires, and then give you a sneak peek of the course …

Interested in learning more about Julie and Dave’s Real Estate Millionaire: The Essential Starter Coure?

Click here to check it out NOW!

Here’s just a few things you’ll learn in their course:

>> Dozens of secrets to start building a real estate portfolio in your spare time. Instead of buying yourself a job, learn how to invest your money and let it grow without worry.

>> How to analyze properties for their cash-flow potential … literally in seconds … with their easy-to-use tools and techniques.

>> Why risk-reduced investing, and the fundamentals of real estate are essential to learn first. It takes a bit longer overall than the “guru” way … but it’s far less stressful, a lot safer … and requires a lot less time each week.

>> How to attain financial freedom and retire in 5-10 years, a real estate millionaire … Julie and Dave reveal their secrets of how they did it … so you can do it too …

Click to here for a real world no hype system for building wealth in real estate

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