Sandwich Lease Options
Prices have fallen tremendously in real estate that last 2-3 years. In my opinion, we are very close to the bottom, and with that comes new opportunities to create wealth in real estate. A sandwich lease option is a great way to lock up a property with little to no money, control it and lease it out to another from handsome paycheck. Check out the video below to learn how I do it.
The Pyramid Of Success For Investors
Knowledge is the foundation of any successful business. For those flipping homes this means finding a good source of real estate education. You may always be learning and your real estate investing education constantly improving, but you must have a solid foundation to build on. Anyone remember the story of the Three Little Pigs? So find the best real estate investing course you can and then continue to grow your knowledge and business with some form of coaching so you are always on top.
Business Systems
It takes effective systems to build a smoothly operating organization. If there is one thing you should look for in a good real estate education course it is information on how to create efficient systems for running your real estate investing business. Most importantly they should be scalable, replicable and ultimately salable. Otherwise you will always be trapped in a small business as one of the employee. Work on your business not for it. Right now you may plan to work in your real estate investing business forever, but it is always good to have options. Good systems mean that you can take off for vacations or emergencies without your company falling to pieces or even one day spin off franchises or sell your entire operation.
Taking Action
While a good real estate education program and systems are essential to your success you will never see profits from your real estate investing until you start taking action, start putting homes under contract and meeting buyers. It doesn’t matter how big and great your plans are, they will remain nothing but dreams until you convert them into actions and dollars. If you haven’t started actively investing yet set yourself a deadline or pick up the phone now and start making deals.
How Profitable Can Real Estate Investing Really Be?
Real estate attracts thousands of new hopeful entrepreneurs each year with the promise of big checks, but what can you really expect to get out of it?
Of course there a many ways to get involved in the real estate business. Some choose to start out as real estate agents hoping to gain additional knowledge and increase their income. However the average real estate agent only makes about $35,000 a year. Though there are others that make millions. However the big profits are usually in real estate investing itself.
What type of returns and profits you can realistically expect from real estate investing depends on what strategy and system you are using. Those choosing to act as private money lenders may receive modest annual returns of around 10% on their investments in exchange for the maximum security and a truly passive investment. Those who choose rehabbing and renting as their preferred form of real estate investing usually see monthly income from each property ranging from a couple of hundred dollars to several thousand in addition to a nice lump sum when they decide to refinance or sell.
However the really big windfalls are normally seen by those who begin flipping properties. Many who have started flipping homes or lots have been able to see profits of $50,000 to over $100,000 in just a matter of days. Wholesalers may make less than this in exchange for turning properties around quickly, often without ever having owned them. This often results in a steadier cash flow with average fees earned between $5,000 and $20,000 per property depending on the price range. It doesn’t take a genius to see that it only takes a handful of deals like this to start pulling in $1 million plus dollars a year! In fact for most involved in real estate investing a million dollars really isn’t that much at all. However the benefits are much broader than just the money. Real estate investing also offers and incredible amount of freedom and look at Donald Trump who is now considering a run for the White House.
by Than Merrill
Do Bandit Signs Work?
Ok, you can go out and spend a lot of money on pre printed chloroplast signs, and they work well. In fact, you will probably get your phone to ring within hours. But, if you will dumb it down a little, and hand write your signs, you phone will ring about 10x more. How do I know this?…..The trick for me, is that I put my signs out on Friday afternoon, and take them down on Sunday night. This lets me reuse my signs and make money from the call every week. I also find that local numbers work better than 800 numbers. Check out the video below to get the scoop.
Want to Reach 16 Million New Propects a Month?
This week saw the launch of the exclusive new partnership between Yahoo and Zillow which is said to be the largest real estate network on the web. Now the 4 million plus listings advertised on Zillow will now appear on Yahoo Real Estate and those involved in real estate investing will be able to more easily market their homes and businesses across this one combined network reaching more prospects. This means that real estate investing pros will now be able to advertise locally on Yahoo Real Estate as well as reaching the almost 16 million unique visitors to Zillow each month.
OK, we all know that Zillow’s ‘Zestimates’ may not be the best guages for real home values and may have even caused a lot of frustration and lost deals in the past, but this could be a viable channel for real estate investing if used right. Display advertising will be offered across both sites in addition to advertising with Zillow’s mobile apps and being able to participate and offer your own brand of real estate investing education through Zillow Advice. Other real estate and mortgage professionals have raved about it, though you will have to test it yourself to see how effective it really is for you. As with Zillow’s Zestimates some of the data and demographics they claim sounds just to good to be true. For example, out of the millions of unique visitors that they boast, they claim the median household income of visitors is $82,109, click conversion is 3.4 times better than on Google and the average credit score is 755. Though if these statistics are true it sounds like a lot of very qualified buyers for your real estate investing business, so worth taking a look at….
By Than Merrill Forturne Builders