5 Strategies to Build Your Wholesale Buyer List + Free Form

No Comments »

You’re about to learn 5 simple ways to build your wholesale buyer list.

Why do you want a wholesale buyer’s list?

Because…

… wholesaling property is the quickest way to make a buck in real estate investing. It’s not uncommon to make $3K, $5K or even more on a wholesale deal (as you’ll see in the video).

To wholesale a property, you find a motivated seller, put a contract on the property, and assign it to a buyer. That’s it.

So, I put together a little video to show you how to build your wholesale buyer’s list… that way, when you have a great deal you would like to flip for quick cash, you can do so.

(note, this video was for our Private Money Blueprint students… but we got such good feedback on it, I had to share it with you too :-)

Also, after you watch the video, make sure you download the free wholesaling form.

How to Build Your Wholesale Buyer’s List

Check out the video below…

Like I said, pretty simple right? This isn’t brain surgery or anything.

Ok, here’s the link to download your free wholesale buyer questionnaire…

>> Grab Your Wholesale Buyer Form – Click Here <<

Got a question, comment, tip?

Toss ‘em in the comment area.

Happy Investing!

~ Patrick

P.S. – One of the best things about wholesaling is that you don’t need cash or credit. I made $10,000 on my first wholesale deal when I was just 22 years old!

If you’re interested in learning more about wholesaling, grab this FREE 7 day mini-course.

Tags: how to build wholesale buyer list, how to build wholesale buyers list, real estate investing form, real estate investing forms, rei forms, wholesale buyers list, wholesaling real estate, wholesaling real estate contract, wholesaling real estate form, wholesaling real estate forms
Posted in Business Management Systems and Tools, Real Estate Investment Buying Strategies, Real Estate Investment Selling Strategies, Tips and Tricks | No Comments »

19 Tips for New Real Estate Investors

2 Comments »

In today’s post, Bailey Harris shares 19 real estate investment tips on researching, buying, selling, and taxes…

Real estate can be a lucrative investment. It can also be a financial nightmare if you don’t know what you’re doing. If you have been thinking about investing in real estate or if you have already made the decision to invest in a property, the following tips will help you increase your chances of success.

Research Tips | Real Estate Investing

1) Get the lay of the land. You should be familiar with appreciation and depreciation, property management, and general real estate before making any significant investments.

2) Compare property values and rents in the neighborhood you plan to invest in. The list prices and average rents on nearby properties will give you the best gauge of what a home is worth in that area.

3) Research the neighborhood carefully before purchasing a property. Are there schools, jobs, entertainment venues, and other things that tend to draw tenants and home buyers? Does the neighborhood have a lot of crime? Are there any plans to destroy or build property in the area in the near future? These are just a few of the questions you should be able to answer.

4) Network with other real estate investors to get an understanding of how they operate. Learn from their successes and failures so that you can become a better investor.

Buying Tips | Real Estate Investing

5) Get your money together or get pre-approved for a loan before you begin the negotiating process. This will give you some leverage with the seller and make closing a breeze.

6) Always personally inspect a property before purchasing it. If you aren’t sure what you’re looking for, hire a home inspector to examine both the house and the site it’s built on.

7) Know how much money you will need to prepare a property for sale. If this number is not correct, you may never be able to sell the house for a profit.

8) Do not buy the first property you see. There are lots of houses for sale. Take time to evaluate your options and choose the best real estate investment opportunity.

9) Be a tough negotiator and get that property for the smallest price possible. The less you spend, the more you stand to earn. If you can’t get the price down where it needs to be, walk away and find a new property.

Tax Tips | Real Estate Investing

10) Consult with a tax adviser before making any real estate investments. This will help you understand the tax consequences of your purchases and turn good investments into great investments.

11) Keep good records. This cannot be stressed enough. You should document all of your expenditures, profits, and mileage. Keep all of your receipts and make notations of who, what, when, and where in case you need explanations for the IRS.

12) Hold your property for at least 12 months if you want to reap the long-term capital gains tax break. Turn it around quickly (less than 12 months) and you will pay the same tax rates on your gains as you do on your income.

13) If you buy and sell multiple properties each year, consider doing so under the name of a corporation or LLC versus your own name. The IRS sometimes classifies people who buy and sell multiple properties as “dealers.” The dealer designation prevents you from getting capital gains tax benefits.

14) Remember that tax laws can change rapidly. If the success of your investment relies entirely on the current tax code, you could find yourself in financial trouble.

Selling Tips | Real Estate Investing

15) Real estate investors do not always make good contractors. If you aren’t good at fixing or building things, find someone who is before undergoing a major improvement project.

16) Focus improvements on kitchens, bathrooms, and bedrooms. These rooms are almost always the biggest selling points in a house.

17) Market your properties in any way you can–advertisements, social media, open houses, agent tours, and virtual tours. Good marketing can help you sell your property faster and for a better price.

18) Hire a good agent if you don’t have time to do all of the work that goes along with selling a house. An experienced agent can show buyers around, negotiate on your behalf, and handle all of the paperwork so you don’t have to.

19) Be realistic about the market. If you expect to sell a home within a week for an above average price, you will inevitably be disappointed when it doesn’t happen. It takes time to sell real estate. If you are realistic and persistent, you will have a much better investing experience.

_________________________________

Guest post from Bailey Harris, who writes about homeowners insurance for www.homeownersinsurance.org.

Tags: bailey harris, beginning real estate tips, homeowners insurance, real estate investing, real estate investing tips, real estate investment tips, real estate tips, rei tips, tips for beginning investors
Posted in Real Estate Investment Buying Strategies, Real Estate Investment Selling Strategies, Tips and Tricks | 2 Comments »

Battle of the REI Blogs 2010 – Vote For Your Favorite Real Estate Investing Blogger Below!

1,062 Comments »

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 :-)

Tags: battle of the rei blogs, Battle of the REI Blogs 2010, Craig Fuhr, J Scott, Jamel Gibbs, jp moses, Julie Broad, patrick riddle, peter kolat, Rachel Hernandez, real estate blog, real estate investing blog, real estate investing blogs, ron mead, Scott Costello, shannon bynes, steph davis
Posted in Business Management Systems and Tools, Cool Stuff, Marketing, Negotiating, Property Management, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies, Real Estate Investment Selling Strategies, Real Estate News, Renovations, Tips and Tricks | 1,062 Comments »

Confidential: My Strategic Plan to Win Battle of the REI Blogs 2010

8 Comments »

Get ready… Battle of the REI Blogs 2010 kicks off noon EST Monday Oct 18th!

I’ve got my battle flops on, and I’m ready for action.

See you on the battlefield next week,

Sergeant P-Rid

P.S. – If this is all new to ya, check out the 2009 Battle. With over 1,100 votes last year, competition was fierce!

Tags: battle of the rei blogs, Battle of the REI Blogs 2010, real estate investing blog, real estate investing blogs
Posted in Business Management Systems and Tools, Cool Stuff, Marketing, Negotiating, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies, Real Estate Investment Selling Strategies, Real Estate News, Tips and Tricks | 8 Comments »

When Disaster Strikes: Tough Lessons Learned From The Real Estate Trenches

29 Comments »

I put together a special video for you with all the mistakes that I’ve made in my real estate investing biz over the years so that you can learn from them… and I’ve made some BIG ones.

It’s important to keep in mind that everyone, EVERYONE makes mistakes… doesn’t matter if you’re brand new to real estate investing or if you’re a seasoned veteran.

You’re going to make mistakes… period!

BUT, it’s how you respond, how you react, what you learn… that makes the difference.

I remember when my mentor said that when you’re actively investing in real estate over time… it’s not a matter of “if” someone will file a lawsuit against you (whether it’s a tenant, contractor, seller, lender, etc),  it’s a matter of “when”.

I read about a poll that was done at the end of the nineteenth century. People were asked, “If you were to get rich, become wealthy, how would you do it?”

The answer… build a business.

The same poll was conducted a hundred years later and the answer unfortunately was… sue someone.

… just goes to show how the mindset of the masses has shifted.

In real estate investing, when things go south, it can mean broken agreements, payments falling behind, liens, judgments, foreclosure, bankruptcy.

You’re undoubtedly heard many stories of hardship over the last few years… from huge multi-million and billion dollar real estate investment companies, developers, banks, mortgage companies…

… but regardless of the adversity faced, there are KEY lessons to be learned and leveraged into your next deal, your business, your personal life.

In the video below, I go in-depth explaining specifically the BIG mistakes I’ve made, how I’ve responded, how I’ve weathered the storm… and my hope is that you can experience these through me, learn from them, and avoid them in your own business and life.

This is a very PERSONAL video (and it’s also 25 minutes long)… but please, I urge you to watch this video NOW.

You know, whether you’re just getting started or whether you’re doing a HUGE volume of deals… you’re gonna make mistakes. Everyone does. And that’s ok.

If you’ve had an agreement go south or if you do in the future, don’t be surprised if someone yells “scam” or “lawsuit”! That’s unfortunately hard wired into the minds of the masses these days.

But, hang in there. Take the lessons from this video and apply them in your business, your life.

… and realize that sure… there’s a lot of risk investing in real estate. BUT, there’s also a lot of risk driving your car everyday.

When investing in real estate, take calculated risks. Educate yourself. Surround yourself with a team of experts. Do your due diligence. Learn from other investors. Do the best you can with what you’ve got.

As for me, I’m just gonna keep moving forward. No matter how long, how hard, I will persist until…

Patrick

… aka P-Rid

Tags: creative real estate investing, Creative Real Estate Investment, Foreclosure, Foreclosures, patrick riddle, Patrick Riddle - Is It A Scam, Patrick Riddle foreclosure, Patrick Riddle lawsuit, Patrick Riddle Real Estate Investing, patrick riddle real estate scam, Real Estate Foreclosure, real estate investing, real estate investing mistakes, Real Estate Investment Mistakes, Real Estate Mistakes
Posted in Business Management Systems and Tools, Personal Development, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies, Real Estate Investment Selling Strategies, Tips and Tricks | 29 Comments »