Your real estate success starts with the seller (one who is motivated and willing to sell at a bargain price) and one of the best ways to find these motivated sellers is by sending direct mail to vacant property owners.
One thing’s for sure, if you aren’t talking to motivated sellers, you won’t be in this business for very long!
Now you may hear people say direct mail is dead. They may say it’s a waste of time, money, resources… and to that, I say, heck no! Direct mail is alive and well, my friends.
Think about your email inbox for a moment. Is it constantly being filled with junk you’re not interested in or are those you are interested in, pounding you with way too much email? Why “snail mail” works is because most marketing messages have moved to email leaving your postal mail box with a whole
How do you know if an investment property is a truly GOOD deal?
I get this question often and the answer is…there are several simple, yet effective, ways to figure out if an investment property you’ve found makes sense as a deal for you.
Let me be very clear, it’s not about whether I LIKE the property. That has absolutely nothing to do with it!
Pro Tip: Take emotion out of the equation when evaluating an investment property.
You see…to me, these houses are simply inventory. In fact, some of the deals I do these days are on investment properties that I’ve never even seen.
For me, whether to do a deal or not is determined by looking at 5 significant factors – after I’ve used these to evaluate the property, I’ll know if it’s a good deal or not.
Now, let’s dig into the 5 factors that you should
Double closings – not to be confused with assignments – aren’t as complex as they seem.
Simply put, a double closing in real estate investing is the simultaneous purchase and sale of a property that involves three parties:
- The seller
- The investor
- The end buyer
It’s essentially two transactions commonly referred to as the “A to B & B to C” strategy and looks like this:
- Person “A” is the distressed/motivated seller
- Person “B” is you, the real estate investor
- Person “C” is the final buyer.
During the “A-B” first transaction, you purchase the property from the seller. And then right afterward – in the “B-C” second transaction, you sell the property to your cash buyer. Need clarification on the wholesaling process? Read my recent blog on selling a house fast!
So what do