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Real Estate Investments I'm writing this message from the perspective of an ex real estate agent who farmed expired listings to average 1-2 listings and used that listings base to leverage my way into personal real estate investments. The information is equally applicable to anybody interested in real estate investments. As a real estate agent with lots of listings I was in a perfect position to buy and sell properties for personal gain. Here's how it broke down. Lots of listings gave me lots of potential buyers. I could
I had enough success buying and selling properties that I eventually inactivated my real estate license. I made more money flipping properties than I earned in commissions. It was a very heady and intoxicating time. If I needed $10,000.00 I'd buy a house, pull out cash through a refinance, or flip it. No, every deal was not text book perfect, but my net value, at least on paper was pretty impressive, and I drew down a lot of cash doing this - even when I didn't sell the properties. That's the backdrop for what follows, which could position you for some serious money making opportunities! It's a strategy I used to find investors, buyers and sellers for properties I listed; or bought/controlled for personal profit. It took some effort, but the payoff was big! Okay, here we go! Go through the phone book and gather the names of potential big dollar earners; accountants, insurance agency owners, dentists, medical doctors, psychiatrist, attorneys and anybody else you can think of. Next, contact them to see if they're interested in buying tax sheltered real estate investments for self or clients. Also, check to see if they're wanting to sell any. Don't be intimidated by the fact that they're high income earners; they're still just people, too.
Make no doubt about it. Researching tax rolls is tedious work. Not hard, just tedious. But, can you think of anything more empowering than being able to say "Dr. Smith, I've noticed that you have substantial real estate holdings in Dekalb County. Are you interested in adding to your portfolio? Do you need to sell any of them at this time?" Do you think Dr. Smith will be flattered that you've taken time, in advance, to learn a little about his real estate holdings? You may know this already, but let me tell it anyway. You can access the real estate tax rolls for your county on line, and find out who owns what; the types of properties they own, the taxable value of the properties, what properties are in foreclosure, how much the properties are worth, etc. Here's one way to get to your online tax rolls if you don't know how to do it:
Knowledge is a powerful thing . You never know when you'll have need to draw from it. For example, it took me a year or so after learning the theory of how to buy real estate with "no money down" before I actually did it. It was a matter of the following 3 things lining up:
However, I was prepared for it when it came. In summary, if you're a real estate agent you're in a prime position to begin your own real estate wealth building program. Similarly, unlicensed folk can do the same. Below are some investment resources to start your own wealth building program. By and large they're mostly pretty inexpensive, so picking up one or more every now and then is affordable. Wealth Building Real Estate Resources Build Massive Wealth In Real Estate Foreclosures: A simple, yet powerful and proven formula that will grab you by the hand and walk you step by step to your real estate fortunes. Find and Assign Fixer Uppers: Make $$$ finding and assigning fixer uppers without cash, credit or risk. This is a cash flow generating opportunity that complements your real estate sales career like a hand and glove. Make Real Estate Investments with IRAs: Use "Tax-free" or "Tax-deferred" Money in Your "Self-directed" IRA, Roth, or other Retirement Plan to Buy Investment Property. Robert G. Allen's Challenge: #1 New York Times Bestselling Author Needs Your Success Story. It's Robert Allen - what else do I need to say?
Want to read about the Farming Expired Listings Real Estate Listing System Ebook guide again. Click here if you are! Here's to wishing you continued success on your real estate journey. Lanard Perry
3942 NW 59th Avenue, Gainesville, 32653,United States
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| << August29, 2005 - Farming Expired Listings: Labor Day Gift Ebooks |
November04, 2005 - Farming Expired Listings; Nov 05 Article >> |
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