Archive for the 'Single-Family Properties' Category

When single family properties are the foundation of your real estate investment business, one of the things that you will quickly discover is this: without a plan to sell, it can be extremely difficult to turn a profit. No matter how great a deal you are able to get when you make the commitment to purchase a property, if you don’t have a plan for that property, it’s difficult to really complete the process.

Now, in some cases, what you will find is that the best way to profit from a property that you have purchased is to lease it out. Sometimes - particularly when there are a lot of homes on the market - there are enough people who are looking to rent a place that is larger than an apartment simply because they do not have the money they need (or a high enough credit score) to buy a place of their own.

Of course, being a landlord and having tenants isn’t for everyone. If it’s not for you, then it is absolutely essential that you have a plan to sell the single family properties that you have invested in - and that the plan you have involves more than just having a real estate agent list the property for you.

Here’s the thing: selling a single family home is nowhere near as simple (at least not in most markets these days) as adding the listing to the MLS and putting a sign on the front lawn. If you want a property to sell, you need to be sure that you have a plan to make that property stand out.

In part, the plan for selling a property is going to rely on how well you are able to stage the property and create curb appeal. In part, the plan is going to be affected by whether or not you have a way to create a different kind of open house for those who are interested in seeing the home (while it’s not a suggestion that I would make, think in terms of the new show Date my House that’s on network TV). Understanding what will make your properties stand out is what will help you to sell - and that’s going to help ensure your success.

Wouldn’t it be great if you had a supercharged buying and selling ‘machine’ that brought you in profits every single month.  Can’t you just visualize that JOB fading in to the sunset?

I did and I want to share with you a system for making that a reality.

As most of you know, I am a technology buff – meaning I love employing technology to do as much ‘work’ for me as possible, and then delegating or outsourcing the management of that to a reliable team.

So, I find the best software (or develop it!) and then choose team members that all have their valued positions and play them well – and sometimes I even have 1st string and 2nd string team members. 

It is really the only way to (1) get it all done, but more importantly (2) it is the only way to grow your business.

When I found out that my guest, Larry Goins, for this teleseminar was regularly selling 10-15 houses every single month and never looking at any of them – not even driving to see any of them, I had to get him to tell us how.

Listen to the replay of this teleseminar now – if you want you can even download it to listen in your car.

Best of Success,
Michelle Odessey
michelle@investorwealth.com
770-338-2797 10a-5p M-F

 
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The ‘buzz’ of investing in real estate always has some key ‘hot topics’ associated with the conversation:  ‘long term wealth’, ‘great cashflow’, ‘financial freedom’, and ‘cash in on the foreclosures of the mortgage meltdown’ just to name a few.

Then there is the reality about it all - - (1) Absolutely you can gain and secure long term wealth, (2) depending on how you evaluate the deals before you do them – you will get great cashflow, and (3) financial freedom is the ultimate goal, however, if you do not treat, and respect, the real estate investing business, AS A BUSINESS, what you will have is a job-like experience with that ultimate goal not getting any closer to you.

I really encourage you to listen to this teleconference I did with Charles Petty (the Audio MP3 Play Now link is at the end of this post here).  It will truly open your eyes to new possibilities and to the ‘business’ of making $10,000 or more in the next 30 days – and doing it consistently – and having time for your family, hobbies, AND vacations.

By the way, at the end of the teleconference, Charles mentions a money-making opportunity that you can still take advantage of here on InvestorWealth.com because you listened to it here. 

You can Find out more information about this program,
Or
You can GO NOW to the ORDER-IT-NOW Page.

Best regards, - Michelle  - -

 
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I wanted to share a topic that came up today as a result of a short, but to the point email I received today. SO. I am going to post that email AND my response. - - Let me know your comments.

Writer:

Dear Michelle, Your last advice to offer 100% financing to prospective buyers cost me $450 in advertising with 0 results at a time when that amount might as well have been $450,000 as I’m in foreclosure. I’m sick of this.

My response to her:

I want to thank you for taking your time to email me.

Your email lets me know ‘there are’ investors out there willing to go in to the trenches.

You did say that my ‘last advice’ was to offer 100% financing.
Are you speaking of an issue of our newsletter?

Anyway, Tell me about the property or properties you were using this ’selling’ technique on And, tell me where you (or the property) is.

I know how frustrating it can be to budget advertising/marketing and have it return 0 results.

What is amazing is that some marketing techniques - - - like using the newspaper - - - work terrifically in some areas and completely bomb in others.

When Richard and I started RE Investing we did exactly what we were told - at each interval of our learning. FIRST, we were told to use the newspaper to find sellers - we used the ads we were given. Now let me tell you, we ‘KEPT’ doing the newspaper ads because the people that were teaching us told us that was the way to do it.

RESULTS: A Big Fat Zero. WHY, Because

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I remember when Richard & I began our real estate investing business – now seven years ago, one of the first seminars we attended was one exclusively on marketing. We learned twenty ways from Sunday how to do business cards, even more on bandit signs, thirty different newspaper ads, post cards, letters, flyers . . .. We were ready to go!

First of all we were both still at our full-time jobs so we opted for ‘newspaper ads’. Most of you know we live in Atlanta so our only logical option was the Atlanta Journal Constitution. MONEY WASTED! No responses that brought us anything that even resembled a motivated seller.

Next we decided to do the ‘work all week and then spend our weekends putting out signs’. The signs seemed reasonably priced, we felt good about the size, color, website, etc. AND we actually got phone calls from them. However, after the first 10 calls or so we then realized we needed to organize all our prospects. We then ‘thought the next important thing to do’ was to get a handle on which signs (street corners) produced the most calls so we could ‘target our marketing’.

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“Subject To” is a term used when ‘buying’ a property, subject to the existing financing. Which means you don’t have to get new financing, or private money, or even hard money. 

The transaction part can usually be done for as little as $10.00.

Which means you are ‘buying’ the house subject to the existing mortgage(s) that the homeowner currently has on the property.  You are taking over the existing

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