Why Do People Want To Become Real Estate Investors?
There are many reasons that people start looking into the possibility of investing in real estate...
For some it's to gain financial security for their family. Some want life altering income. And many want freedom. The freedom to what they want and when they want, without restrictions.
Let me tell you that for real estate investors, ALL of this is possible, and I'm living proof of it. However, it ain't all peaches and cream like the late night infomercial gurus try to tell you.
In order to be successful in today's volatile real estate investment market, you need to understand and leverage three key pillars that separate the winners from the losers.
If you are able to properly grasp these concepts and implement them, you can reap massive profits left and right!
Let's take a moment to talk about these three critical pillars to success.
The first is how to find and evaluate properties.
Many newbie real estate investors don't have a clue as to what makes a good property to invest in. Their only experience in looking at homes is when they bought theirs.
With an investment property, it's totally different than buying a home. Your home is a completely emotional purchase. But you can't buy an investment based on emotions...
You have to look at the property as a product. What are comparables selling for in the area? How does the current price of this property stack up? What repairs need to be done to fix this house for maximum resale value? What will the property sell for when these repairs are done?
These, among many others are questions you need to ask yourself BEFORE you ever consider purchasing a real estate investment home.
The second pillar of success is how to find the money to fund deals.
You can't just go to a traditional lender to get financing on a fix and flip project. Most of these homes do not meet FHA guidelines, which prevent the majority of lenders from funding purchases of them.
The vast majority of homes bought for real estate investing purposes are financed through hard money lenders or private money lenders.
We see another snag in this area that many real estate investors face. They don't have any money or credit. The biggest challenge here is finding a lender that can provide financing with no money down, no credit requirements, no job history requirements and no payments during the initial term of the loan.
That may sound too good to be true in today's tightened mortgage market, but there are still places that offer these kinds of loans (hint: we're one of them).
The third pillar to investing in real estate success is how to get the property sold.
There's a couple different sub sets to this pillar that comprise the whole of it. You need to know what repairs to do and not to do with the home. Then you need to figure out how to find contractors and work with them to keep your project on time and under budget.
The last piece is working with an experienced real estate agent that can move your property quickly and for maximum value.
Many people who want to get started investing in real estate never do because they get paralyzed with fear. Fear of failure. Fear of being embarrassed by a bad deal. Fear of losing money. Fear of the unknown.
At Do Hard Money, we understand what you are going through. We've been there ourselves. That's why our company has been designed to address every possible angle necessary to guarantee your success as a real estate investor.
We'll start by giving you the proper education. Then we'll help you find and evaluate the right property. And finally, we'll provide you the opportunity to get 100% financing to seal the deal without using any money of your own.
We've put together a unique training, coaching and partnership program that encompasses all of these aspects. You can get the details on this program by watching the video on the next page: See this one of a kind program for yourself
Real Estate Investment Deals That Make The Most Sense
You may be wondering just what the best real estate investment is when you are getting started. You'll hear all kinds of different options - wholesaling, fix and flips, virtual short sales, luxury homes, etc.
Which way you go is totally dependent on your goals. However, I will warn you that you need to be very cautious about the programs that promote the "get rich quick" in real estate methods. I've been doing this for quite a long time now and can tell you that it's pretty difficult to get rich without doing at least some work and you'll NEVER get rich investing in real estate without doing multiple deals!
What you really need to do is pick a legitimate strategy that will allow you to reach your real estate investment objectives in the fastest and easiest manner possible.
Having said that, what has worked best for me is doing fix and flip investments. I typically like to work with homes in the range of $150,000 to $250,000 because the most buyers are available in those price points.
The reason I like rehabbing so much is that I have control over the process. And after doing hundreds of deals, I have that process nailed down so that it works over and over again without failing. I can do multiple deals at one time and that's the only way to get wealthy fast as a real estate investor.
We want to prove to you that we know what we're doing and can help you become a successful real estate investor...
...so for a limited time, you can get a FREE copy of my book "How to Get More Money Than You Can Ever Handle! A Real Estate Investor's Guide to Funding Deals" & CD "The Secret to Making Massive Real Estate Profits In A Down Market".
In this material, I'll give you insighhts into the systems that I've developed to successfully rehab properties for big profits, no matter what the economy currenty is. And they work no matter your background, credit, job history or income.
You can grab your copy of my free book and CD on the next page. All you have to do is click the button below:
Finally! Real Estate Investing Made Simple...
You may know this already, but just in case you don't... I've personally been helping hundreds of investors and those aspiring to become one reach their dreams and goals through real estate investing.
Whenever I get a new client, I always ask them a series of questions. The first is "What is the most important question you have about investing in real estate?".
The overwhelming majority tell me that they want to know how to find the money to get their deals done. They'll often share a story of how something terrible happened to them and they were left broke and with bad credit. In fact, I recently heard from a new client that she went through a divorce, got cancer, went bankrupt and to top it off got hit by a car while she was walking!
These people have been seduced by the sexy message that most gurus sell about how easy it is to get 100% financing for real estate investment deals. But when they go out actually looking, they can't seem to find it. The reason they come to me is that many of the big gurus refer people to me because I'm a hard money lender.
What these gurus don't tell people is that it's pretty tough to get 100% financing from a lender like me. You see what happens is that less than 90% of the deals that cross my desk can get everything funded by one of our loans. What usually occurs is there is some sort of "money gap" that gets created.
That gap is formed by the purchase price and rehab costs totalling more than the 70% after repaired value that we use as a guideline for lending. If the real estate investor wants to close that deal, he or she would have to pay the difference out of pocket.
However, there are companies out there that will fund these "money gaps" so that you can get your deals done. The reason that people are flocking to our company in droves is that we have multiple partnerships in place that make real estate investing simple by giving you access to gap funding.
Another thing to consider if you are broke and want to start real estate investing is that you'll have things like earnest money just to put an offer in on a property and hard money lending fees that you pay at the closing table. These items together can be thousands of dollars!
These items are typically not financed either... which is another thing that makes my company unique. For our members only, we make programs available that will cover these expenses on top of your primary funding and gap funding. It's really the only way to get true 100% financing for real estate investments.
To get 100% financing you have to be one of our members. You can get the details on this program by watching the video on the next page: See this one of a kind program for yourself
[ 2013-12-06 04:42:52 ]
I just had another investor lose a great REI deal last week. For the sake of privacy, we'll call her Sheila. Sheila's mistake was one of many tiny deal-killing mistakes that even experienced i ...