Wednesday, April 23, 2014
Affordability Options For First-Time Buyers
Affordability Options For First-Time Buyers. http://goo.gl/BN77l9
Tuesday, April 22, 2014
Wednesday, April 2, 2014
How to get started
The most common question I get in the beginning as a real estate coach is "What do I do to get started?". Of course this question is very vague and is hard to answer until we identify your financial goals and starting point. The vast majority of people will have to start by wholesaling. The reason is very simple, money or lack of money to be specific. Don't let the advertisements fool you into believing that you can just start buying a bunch of real estate with no money. While there may be an exception to the rule, it does take money to make money in the Real Estate world. Having said that if you don't have money it doesn't mean you are stuck, it means you have to be creative and tenacious. If you do have 20-25% down payment and good credit, then I will address your options in a different post. For everybody else the answer is simple, use somebody else's money.
You will hear this called wholesaling, reverse wholesaling, bird-dogging, vetting, and probably several other "coined phrases". No matter what you call it, it's a way to make you money by putting a buyer and seller together. The key to this is the ability to identify a good investment opportunity and gaining financial control of it through a contract or agreement. Once you have control of it, there is an investor out there that will purchase that control for a commission or fee. There are unlimited books, courses and material available on wholesaling options. I recommend that you start with this one. I have others I will refer to also but you have to start somewhere.
You will hear this called wholesaling, reverse wholesaling, bird-dogging, vetting, and probably several other "coined phrases". No matter what you call it, it's a way to make you money by putting a buyer and seller together. The key to this is the ability to identify a good investment opportunity and gaining financial control of it through a contract or agreement. Once you have control of it, there is an investor out there that will purchase that control for a commission or fee. There are unlimited books, courses and material available on wholesaling options. I recommend that you start with this one. I have others I will refer to also but you have to start somewhere.
What to expect on my blog.
I am a Real Estate investor, coach, Realtor, and most importantly a husband and father. I have been blessed with access to several different avenues of Real Estate training and after careful consideration have decided to share that information in the form of a blog. I hope that the information I share will be as useful to you as I have found it for me.
-Scott L
-Scott L
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