Everything Else

Shout out to Dean

I just want to make a post thanking Dean Graziosi for all the things he does for us and the company.
He is a very real and sincere person that really cares about the success of his employees and his students.
Using the techniques that he teaches I have been able to have an awesome career in real estate so far. I have been able to make money using the things he teaches and now am able to help other students to succeed by teaching them the same strategies.
Even though I have already had success in real estate I still am learning new strategies and techniques from Dean to take my business to the next level.
Keep the information coming! and thank you for everything.

Agent!

I just got to Raleigh, NC a week ago and now have the duty of finding an investor friendly agent to help me on my journey. Does anyone have any tips of how to find a good agent or what to say to an agent to lock them into what it is you want to fulfill?

Thank you all!

Tanner Sheldon

Priceless Quote From Dean

I was at a Buying Summit in Las Vegas where Dean was speaking and he was talking about the importance of surrounding yourself with successful people. I too believe in the idea of this as well. People always ask me how do I become a successful real estate investor? The answer is simple. Surround yourself with successful real estate investors and do what they're doing.
Or, How do you become a millionaire? Well, surround yourself with millionaires and do what they are doing.
So Dean made a great comment talking about surrounding yourself with successful people who are better than we are. He compared people to either being a "Battery Chargers" or "Battery Drainers"

Here is what he said.

Where To Start

Okay everyone, it's been a while since I've been posting on here, or even made any offers on real estate. My question is, "where to start?" Starting with POF's sites, to what's working for Contingency Clauses, these days and what's not working? Thanks in advance for any and all information!

Two Offers a Day

Matt talks about breaking down things into goals we can handle.

Let's look at making $100,000 a year. That breaks down to $8300 a month.

That breaks down to two deals a month. Using the 25:1 formula we would make 50 offers per month.

If we take a day a week off from offers we would have 25 day a month to make our offers. That is two offers a day.

Dont't procrastinate. Get out two quality offers a day.

It works.

Evaluate this deal for me

Found another property Asking $680k another high end one with equity in it...Although if they listed with an agent im pretty sure its more...If I can get it lower possibly around $700-720k (if its higher, if not then im good), depending on the accepted offer price (speaking it into existence) I will be able to assign the property for $50k or maybe even lower if I can't get it to sell which will create even more equity after closing costs...so heres the kicker...Lets say I get the offer accepted at $720k...At $680k the house was valued more than $300,000...since its now possibly higher if its with an agent, the agent will get a 3% commission and after closing costs and assignment fees the buyer will end up with $140-150k instant equity in the property...I know an agent who works the area...

Can someone explain to me how u do a no money down deal if the home needs to be analyzed?

Not many people address this from what I've been seeing. I get the no money down part as far as the transaction goes, but what about the money needed to have a contractor look at the house? If you're paying for this then obviously this isn't a no money down deal. How much does it usually cost to get a contractor? Thanks for any replies

Registered HUD Brokers?

Can anyone tell me why a broker would not be registered to do HUD Homes? Isn't it more business, or do they find it too tedious and not enough profits? Just curious as to why every broker would not be registered to turn in HUD bids/contracts! Thanks!

Finding a Fee for my Service

Hi everyone,

I have located a property that happens to be listed with a real estate broker. I have gotten some buyer response to my ads.

My question is: How can I make money on the deal when I am not the property owner. It is listed in the MLS under a realtor, and has been on the market more than 100 day (no activity. Is there a way that I can put the buyer with the selling agent and get paid?

I do not trust real estate agents, and they will go around me if they learn who the buyer is.

Hopefully, someone can offer me some advice.

Stay Focused
RER

How to wholesale a deal when seller owes more than the house is worth?

I'm sure this has been asked and answered several times but I am a bit curious on how to handle this particular situation. Just wondering if someone can walk me through this scenario. Thank you

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