Advantages and Disadvantages of Wholesale Real Estate Investing

By Lee Escobar

One of the easiest ways to get into real estate investing is through wholesaling. This requires no cash outlay and does not even involve credit. Basically, the wholesaling process just involves finding property for sale at a discount and then finding a buyer willing to purchase immediately. Of course, the wholesaler quotes a higher price to the buyer. This provides a quick profit to the wholesaler as soon as the sale comes through.

The wholesaler does not need to put out money or use credit because he does not purchase the property that is for sale. He only puts it under contract. This means he has given an offer to buy at a certain price and the seller has accepted that price. The property is under contract for a certain agreed upon period of time within which the wholesaler has to be able to come up with the money, whether on his own or from a third party. The property is on hold during that time.

It would be a huge advantage for a wholesaler to first ensure that he already has a buyer who is actively seeking property to purchase. Only then should he look for property for sale at a discount, and put that under contract. It will then take very little time for the wholesaler to close the deal between the seller and the buyer and realize his profit.

Most wholesalers have a list of ready buyers who are also mostly real estate investors themselves. These buyers may be willing to take on even properties that need rehabilitation. They are ready to take on the costs and risks of rehabbing to be able to resell at a higher profit.

There are no risks involved in wholesale real estate investing. The wholesaler does not pay out any cash nor put up credit. The contract will simply be nullified if the time specified passes and the wholesaler still does not have a buyer. There is no need to rehabilitate or maintain the property. There are no management tasks to perform. Each deal is a one time deal that is quick and produces immediate income.

The disadvantage of wholesale real estate investing, though, is also the fact that each deal is a one time income generating transaction. There is no long term residual income to be expected from it. The wholesaler will have to repeat the process again and again to be able to produce income. This is why wholesale real estate investing is often used by investors only to earn enough to invest in enough rentals to produce long term wealth.

Despite the disadvantages of wholesale real estate investing, it has enough advantages to make it a powerful income generating tool. It is worthwhile to learn everything there is to know about the procedures and best practices of this real estate investing strategy to add to anyone's arsenal.

Read more by Lee Escobar Article Source: http://EzineArticles.com/?expert=Lee_Escobar

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Article Submitted On: January 21, 2011

Real Estate Investing Is a Business You Must Take Seriously

By Freddie Taylor

The thing in common involving the majority of folks in real estate investing is that they regard it like it is a hobby. Something that is to be complete on the weekends or in their extra time, but they rarely utilize it earnestly. They don't work like they are initiating a brand new investing business. This is a crucial mistake and we don't want you to assemble this blooper.

Do Your Study / Consider / Exercise / Discover
As with any company, you have to do your part of studying and developing. This should not be an issue since it is tested the more you know and be familiar with this industry, the more expected your chances of great accomplishment. With this modest bit of knowledge, you would reflect that individuals would be gathering to the real estate investment training events and the like, but they are not doing it cause they don't use this business sincerely. You cannot afford to do this if you proposal on being victorious.

It's about time you realize what you know matters. You education is important as ever. In reality, you require to be enlightened as an investor.. You have to bear in mind that there are bad people in these waters that will take you for the whole lot you have if you are not attentive of the a range of laws and the strategies you have in place. We don't like to discuss bad intentioned people, but accept as true us, they are in this marketplace of real estate investing...and there are a lot of them. Protect yourself with education.

Write Your Business Plan
You must stay on task as an investor and having a investing business plan can help.. Plus, if you are going to be in this business, then treat it like a business. Nearly all successful establishment proprietors have a business plan and it is essential for you to have one as well. It does not matter if it is on notebook paper or in a file, just have one to keep you on mission.

To get a loan for your business or take on partners, you will need to have a business.. This is a technique of cutting out individuals that are not earnest to look after their time, but it also offers grand insight into the track a person or establishment is preparing to go in the future and if they are keen to loan or invest in that way.

Treat your Real Estate Investing like a Business
The bottom line is that you are a professional in a professional environment. It is time to act that way. Risk is a major element of being a real estate investor. How can you protect yourself from it Well, incorporation is one way to get this done.. Your risk exposure is locked into this business entity. Your personal possessions are protected from decisions you might make in the real estate business..

At the end of the day if you are going to be in business, then take the business seriously. Take care of your company by doing the things that victorious companies do on a recurrent basis. Take care of yourself and your real estate investing business.

Freddie E. Taylor, MBA is the managing editor of Invest With Passion, an online real estate investment magazine. Visit us at real estate investing as we discuss real estate investing business. Article Source: http://EzineArticles.com/?expert=Freddie_Taylor

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Article Submitted On: December 07, 2010

Why Invest in Apartments?

By Mary Thomsen

First, let's determine what is multifamily housing?

In the residential housing arena, single family homes are classified as having 1 to 4 units, meaning distinct living quarters for 1 to 5 families. The buyer obtains a residential mortgage for these, if financing is needed. Five units and up are considered multifamily, meaning there are 5 or more distinct units for families to live in. It does not matter how many families live in a unit, but the number of units in the property. All the units do not need to be in a single structure. Many larger complexes are composed of separate buildings on multiple lots.

Though trailer parks, and even RV parks may be found listed under the multifamily category, apartments are the obvious property type. Each type demands a very different management style, financing, and investment considerations. For now, the focus is on the apartments.

The advantages of apartments over single family:

Cash flow: Vacancies do not stop the income steam, but just reduce it. When one tenant moves out there are still others who pay rent to cover the expenses of running the property. Vacancies can even be a benefit, allowing for rent increases when new tenants move in. There is also an economy of size. Supplies may be purchased in bulk allowing for discounts. Laundry rooms, vending machines, and other amenities may add to income.

Leverage without personal liability: Investors know about OPM - other people's money. Using money from banks, other lenders, partners, etc., creates a larger rate of return, as less money has actually been paid for the property. Commercial loans are used to finance apartments. The profitability of the property is the major consideration of most commercial lenders. Loans may be non-recourse, meaning the people who sign for the loan are not personally responsible for the debt. Unlike residential mortgages, these mortgages do not show on personal credit reports.

Appreciation: Over time, all real estate generally increases in value, or appreciates. Of course, proper maintenance and care is part of the appreciation equation. The balance of the mortgage decreases with payments, but those payments are possible due to the rents collected. Unlike residential properties, it is the income that determines the value of apartments. Comparables are based on rents and other income, not solely on the condition, size, etc of the structures. Improving apartment values may be easier that improving the value of single family residences. By adding income sources other that rent such as laundry facilities, vending machines, storage facilities; the value goes up.

Management: For larger apartment complexes, there are professional management companies who really know how to make and keep properties profitable. These companies understand how to run the units, allowing the owner to pay less attention to the day to day operations than might be needed for residential rentals. This does not mean the owner should set everything on autopilot, but hiring a good management company can vastly improve the property value. Conversely, hiring a poor management company and be a disaster. Purchasers of apartments should do as much due diligence in finding management and in purchasing the property.

Tax benefits: As with most real estate investment, there are numerous deductions available to real estate investors. Depending on the status of the owner as to what deductions and how much may be claimed. Tax professionals should be consulted before purchasing any real estate investment to determine the benefits available.

Depreciation: One of the allowable tax deductions is depreciation, increasing the profitability of the property. IRS formulas allow for the loss of value of property, due to wear, consumption, and obsolescence. This calculated loss is deducted from the profits at tax time, but may be recaptured at the time of sale. 1031 exchanges may roll the depreciation into the next property purchased.

1031 Exchange: Another tax benefit, the 1031 exchange allows some tax benefits from a property being sold to be rolled over to another property being purchased. There are very specific rules that must be followed exactly, so it is imperative that a qualified exchanger be involved in the process.

Apartment ownership is a great way to move into the commercial arena for people who currently own single family properties.

Mary Thomsen residential and commercial web site http://YMHoldings.com commercial blog: http://nnnleaseopportunities.blogspot.com Owners of numerous rental properties around the United States, Mary and her husband have spent many hours helping others get started with buy and hold investing. With the change in the market, we are changing our strategies to maximize the advantages waiting for investors. Our exposure to various markets has led to a real estate marketing business. Now associated with Keller Williams Commercial, Irvine, CA. Article Source: http://EzineArticles.com/?expert=Mary_Thomsen

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Article Submitted On: November 24, 2010

What Are the Five Most Important Aspects for Borrowing Private Money?

By Dave Dinkel

Private money lenders are individuals who are looking for a better yield than Certificates of Deposit or what they can get in the stock market and its associated risks. Even if the private lenders don't' ask for these basic requirements to make their loans, the investor should supply them anyway to protect himself.

In the final analysis, private lenders base their decision on the credibility and trust they have in the investor asking for the money. The professionalism displayed by the investor asking for the funding goes a long way toward making the perspective private money lender agree to loan money.

In the vein of providing the private money lender with what he needs to be comfortable loaning the money, the investor should at least provide -

1. Promissory Note - this is the document that "proclaims" that the lender is due a certain amount of money and the terms at which the funds were loaned. These terms include the interest rate payable for the money, how often the interest is paid, any principal payments and how they are paid, when the note is due and payable in full (expiration date), terms for default, who is responsible for the note, the collateral that secures the note and other terms and conditions agreeable to by the Mortgagor (borrower) and the Mortgagee (the lender).

2. Mortgage - this is the document that is recorded in the public record that "proclaims" to the public or the next buyer that the property is encumbered by a Promissory Note. This document can be recorded in the public record with or without the Note attached but generally the Note is not recorded.
3. Property Appraisal - to avoid the accusation that the lender loaned too much money for a property, an appraisal by a licensed appraiser should always be secured. This does not mean the real estate market can't correct and the property's value becomes less than the amount borrowed, just that at the time of the loan, the market value was independently established.

4. Title Policy - whether this is a new purchase or a refinancing, the investor should get a title policy for the private lender. This is to insure that the title to the property is clear and marketable. A marketable title is very different from an insurable title and has no encumbrances or defects. An insurable title can be issued by excluding these defects from the coverage of the policy. The title is much more important than the condition of the property simply because construction can fix physical defects, while title defects may make the property unsalable.

5. Insurance - Once the money has been committed to purchase or refinance the property, it is immediately imperative that the property be insured by an insurance policy for hazard, fire, windstorm (where applicable), flood and liability. This coverage is extremely important to protect the lender's money in the event something damages or destroys the property or there is a liability law suit brought against the owner.

In summary, if you are going to solicit to borrow money from friends, family members or anyone that will loan you private money, it is absolutely necessary to provide them with the five items above. The costs of these items (mortgage recording, closing costs, title insurance, prepaid insurance premiums, and appraisal) can be financed into the loan amount initially, however, the insurance must be paid when due to keep it in force. Providing these items will help cement the fact that you are a professional and looking to protect the lender's money.

By the way, if you want to learn more about taking advantage of the gold mine in REOs, check out this free 100 page e-book at: Secrets of the REO Market http://www.crushingthereomarket.com/ If you would like to have a huge buyers list to sell your properties to take a look at - Creating a Massive Buyers List in Days not Months http://www.makingabuyerslist.com/ Article Source: http://EzineArticles.com/?expert=Dave_Dinkel

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Article Submitted On: December 04, 2010

Packaging Your Project For Your Private Lender

By Jack Rogers

You have found a private Investor who has agreed to consider funding your first Real Estate project. The investor has informed you that he has to be very comfortable with the deal and is utmost concerned that his interest is well secured at all times.

So, let's say that you have located and negotiated a purchase price on a vacant Single Family Residence (SFR) that needs considerable fixing-up. Let's take a look at some of the details.

1. The house has 3 bedrooms, 2 baths and has approximately 1400 square feet of living area plus a 2 car garage.

2. You have done your homework and based on comparable sales the house, after it is put back in good shape, should sell for approximately $75.00 per square foot of living area which computes to $105,000.

3. You have negotiated a purchase price of $35,000. You have also received bids from three different contractors to complete all necessary repairs in order to make the house totally ready for the resale market. The average bid comes to $21,000 or $15.00 per square foot. The estimated time to complete the repairs is one month.

4. Because of current resale market conditions being slow, you are considering offering Owner Financing. Having met several Note Buyers at The Real Estate Investors Association Meetings, you determine that if you financed the sale yourself, you could expect 80% to 85% on the dollar of the face amount of the Note if you sold it for cash.

5. Financing details and costs- Your investor has agreed that if he/she finances the deal for you, he/she will give you a 6 month loan at 10% interest which can be paid along with the principle due in six months. If for any reason the investor extends the loan he/she will charge an additional 2% of the loan balance.

6. Let's summarize your anticipated costs to determine if this project would appear to be profitable:

Purchase Price......................................$35,000
Fix Up (Rehab) Costs...............................$21,000
Hazard (Fire) Insurance.............................$600
Title Insurance For Investor.......................$625
Appraisal Fee............................................$300
Other Purchase Closing Costs.....................$300
Interest Expense.....................................$3,000
Miscellaneous Expenses...........................$2,000
TOTAL...................................................$62,825

The investor will also require a minimum of 4 months interest, even if you sell the property earlier than that. This will reimburse him/her with cost & inconvenience of transferring funds from other sources.

7. Now, let's look at your anticipated proceeds from your resale. You may be able to sell the house to a buyer who can qualify for a bank loan: however, let's look at a worse case scenario and anticipate that you will finance for the buyer and sell the Note:

Sales Price...............................................$105,000
Down Payment.........................................$10,000
Note back from Buyer payable at...........$95,000

$697.08 per month including 8% interest amortized over 30 years

SUMMARY
Cash Down Payment................................$10,000
Sale of Note (80%).....................................$76,000
TOTAL CASH PROCEEDS...........................$86,000

Less
Closing cost to sell*....................................$9,000
Pay-off loan..............................................$60,000
6 months interest......................................$3,000

TOTAL.......................................................$72,000

*Closing costs include Real Estate Commission of 6% of Sales Price which you won't have if you sell the property yourself, which you should do.

NET PROFIT..............................................$14,000

Also other things to consider - If you sell in less than 6 months, which you should be able to do with Owner Financing, you will save interest costs. Also if your buyer has bank financing, you will save $9,000 in Note discount. From the information provided, I would say this is a "Go" deal. The better you perform, the more it will enhance your relationship with your investor.

These posts are the opinion of the author who is not engaged in rendering legal, accounting, or investment advice. If such advice is required or desired, the services of competent professional persons should be sought.

Real Estate Consultant and Coach. 40 years in Real Estate, and 15 years member of the "Society of Exchange Counselors". Land Developer, Home Builder & Rehabber, Mobile Home Dealer & Rehabber. Owned Apartments, Office Buildings, Strip Center, Ranches, and Land. Also owned many Seller-Financed homes, as well as bought and sold $200 million + of Seller-Financed paper. Visit my website http://RealEstateJack.net/ Article Source: http://EzineArticles.com/?expert=Jack_Rogers

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Article Submitted On: December 01, 2010

Powerful Uses of Option Contracts in Real Estate Investing

By Dave Dinkel

Option contracts are legal and binding agreements between a buyer and a seller of residential or commercial property. Their power lies in the ability of the buyer (Optionee) to control a property for a small amount of money and for a limited time instead of an outright purchase with its associated market risk. But the agreements between the seller (Optionor) and the Optionee also have benefits to both parties.

The advantage of an option contract to a seller is that he will receive some income while his property otherwise would not produce this income. The amount of the option consideration may be small compared to the value of the property, but it also gives the Optionor the ability to have his property on the market usually at a non-distressed price. If the Optionee does not exercise the option contract, the Optionee will forfeit his option consideration or deposit to the Optionor.

The Optionee had huge leverage with a relatively small amount of cash to control the Optionor's property for a fixed time period, possibly with extensions if originally negotiated into the contract. While these option considerations can be in the millions of dollars for commercial properties, the average investor will be dealing with deposits in the area of $100 to control single family homes (SFH) or smaller non-commercial multi-family units (less than 5 units).

For real estate investors the option contract has a primary use of controlling a seller's property until the investor can find a buyer at a higher price than his strike or exercise price. The amount of time to do this varies by negotiation with the Optionor but is usually one year or multiples thereof. When an end-buyer is found and a closing date set, the investor will arrange to exercise his option and possibly do a double closing if the profit is over $20,000.

If the profit is less than $20,000 or the option is part of a short sale, the investor can file a Notice or Memorandum of Option Contract (NOC) in the public record. This document is essentially a lien against the property that will be extinguished at closing. The closing agent will handle the NOC as a lien against the property, have the investor sign a Release of Lien, and pay the investor the amount of money agreed to by the investor - his profit on the transaction.

Another use of these option contracts is where an investor is in competition with other investors for a property. The other investors are bidding on the property with a cash closing in mind and keeping as much of the profit spreads as possible. An investor who is option contract savvy can bid far more for the property because his investment in the property is his minuscule option consideration.

Option contracts work well where the seller is not truly motivated to sell and is looking for the maximum possible sales price especially for higher priced homes. The investor can always allow the seller to take a higher price than his option's strike price. This allows the seller less risk of getting stuck in a controlling option for an extended time. If the seller is motivated, meaning they want a solution to their problem of selling the property rather than the highest price, the investor can offer a shorter term for the option - as little as a few weeks to a few months.

In summary, option contracts are as powerful as deeds to a property. When used with a strong marketing program to sell the property, they allow an investor to control a substantial asset to closing with a minimal option consideration. Transactional funding may be necessary if there is a double closing involved, but the lien release method allows for collecting a profit; a seller can transfer his property directly to an end buyer without the seasoning issue that can kill so many deals.

About Author: Dave Dinkel has over 35 years experience in real estate investing which has given him a unique perspective into the real estate market. In case you haven't seen it yet, take a minute to see 15Ways to Make Money in Real Estate investing with No Money http://www.15wayswithnomoney.com. If you need to sell your home quickly, even if it is upside down, here is an answer - Sell Your Home in Days at Full Market Value http://www.fsbopowersellingsystem.com. Article Source: http://EzineArticles.com/?expert=Dave_Dinkel

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Article Submitted On: November 23, 2010

Invest in the Philippines Real Estate Property Sector? That's a Great Decision

By Patricia F White


In case you are planning to invest in the Philippines, your most secure option is to purchase a Makati condo or a residence that you can either rent or lease to men and women or company owners. You'll find lots of smaller to medium-sized firms within the Philippines, and many of them desire to begin with a smaller work place that can allow for the number of employees they first have. Utilizing this market place as an individual who possesses enough space to rent out will offer you a faster return on your expense.

You possibly can obtain a Makati condo, in parts in close proximity to the CBD. Doing so will make it possible for you to choose what kind of renters you prefer to get---family members or small establishments. You can find numerous small families as well as young couples looking for the place to lease in close proximity to fashionable and fun locations just like shopping centers and Saturday marketplaces. Condos in Legaspi Village, for instance, are sought after as a consequence of their distance to stores and shopping centers, in addition to gyms and health spas.

Entrepreneurs of smaller to medium-sized firms additionally hunt for a Makati condo or small workplaces to lease in the CBD as a consequence of the accessibility of the area. It is simpler to find a Makati location than, for instance, a avenue in Quezon City. Business people in addition really like the truth that locations such as banks and federal organizations they must obtain licences and paperwork from are all under half an hour out.

You might in addition decide to buy a house in Makati as an alternative to a Makati condo. That is obviously more expensive than getting a condo, but the possibility to earn cash off a property is better than that of a condo. If you have got the capability to do so, you can find several properties in the non commercial and industry parts in Makati which will match your requirements. You can transform these residences into quaint boutique lodges and traveler's motels. You can furthermore rent it out as business space. Dining places and other organizations are currently considering locations which have a more comfortable experience because it draws in a lot more consumers. Recognize that out of the way restaurants and specialty outlets are the most preferred areas these days. You possibly can benefit from this craze by remodeling a home in Makati straight into a business space.

With careful analysis and strategy, there is no reason that you should not invest in the Philippines housing business. You can find numerous options in the Philippines for traders just like you. Philippine real estate investment regulations are incredibly realistic, and it will not be tough to obtain a license to lease or rent out a location that you own. Whether you buy a house in Makati or a Makati condo, the return on your investment decision will probably be rapid and well worth it. Makati is a place where real estate is an excellent expense. Folks prefer to reside or work in a place that allows easy entry to the establishments that they need, whether it is a good day care facility or the bank they do business with.

Manila properties might be the finest investment decision you will ever try to make. In reality, you are able to discover a number of housing choices on the internet. Pay a visit to RentInMakati.com Philippines Real Estate today.

Article Source: http://EzineArticles.com/?expert=Patricia_F_White

How Would You Like to Make Money in Real Estate in a Few Weeks, Even in a Few Days?

How Would You Like to Make Money in Real Estate in a Few Weeks, Even in a Few Days?
Before you think this is too good to be true and must not be real,consider the story of Will Abriza. Will attended the last “Think Rich Quick” seminar back in March 27, 2010. Six days after the seminar, he sold a condo and made P69,000. Will is not a licensed real estate agent and yet after learning powerful techniques during the Think Rich Quick seminar, he sold a condo faster than even the most experienced real estate agents out there. And get this...Will did not put any money down on this deal...and he did not go to a bank and borrow money.

I want to learn how to make money in real estate with no money down and no credit.
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City
And if you think his experience is a fluke or a lucky accident, think again. Jay Castillo and his team sold a foreclosed house in Maia Alta in Antipolo in just 7 days and made P140,000. Jay Villar and Mic Mejia who are NOT real estate agents and yet they were able to help an experienced investor - Larry Gamboa (yes the author of the book “Think Rich Pinoy”) sell his condo in just 10 days and they made P75,000 in the process.

I want to learn how to make money in real estate even if I don’t have prior experience.
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City
Selling properties quickly is not the only thing that you’ll learn in the next “Think Rich Quick!” seminar. You will learn how to raise capital for real estate deals. Not having money or capital for real estate deals stop most beginning real estate investors from even trying. After attending the “Think Rich Quick” seminar, Grace Pekson learned how to raise capital to acquire properties. Just 24 hours after learning the details of the real estate deal, Grace was able to raise P1.65 Million. Again, her experience is not a fluke. Ebb Ryan Magtuba had no rich friends, relatives or colleagues when he attended the “Think Rich Quick” seminar. And yet after learning powerful techniques I revealed during the seminar, Ebb was able to raise P1.5 Million for a real estate deal just 21 days after encountering the deal.

I need to learn how to raise capital for my real estate deals.
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City
In addition to learning how to buy and sell houses quickly...and raising capital for real estate deals, you will also learn how to lease apartments quickly. Let me tell you the story of Doctora Joy Holgado and her teammates. None of her teammates are real estate agents…they are absolute beginners. They have not leased an apartment before. And yet after learning the eXtreme Marketing techniques I taught them, they were able to lease 3 units in a 10-door apartment in Bulacan. For five months, the owner of the property had difficulty in leasing the property. And yet in just 3 weeks, Doctora Joy Holgado and her teammates were able to lease 3 units - that’s leasing one apartment every 7 days!

You will learn all these and more in the next “Think Rich Quick” seminar...what I am calling TRQ 2.0
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City
If you’re impressed with the stories above of real people making real money in real estate...really, really quickly...you haven’t seen anything yet. TRQ 2.0 promises to be twice as big and twice as better than the first one. How do I know this? Because I will dig deeper into topics that will enable you to succeed much faster and in a bigger way.

In the last Think Rich Quick seminar - TRQ 1.0 - I revealed my 5M’s to Millions Formula:

Millions = Mindset + Mastery + Marketing + Mentors + Management

You need to have the right mindset in order to attract millions.

You need to learn the basics (Mastery) so you’ll know what you’re doing.

You need to put out the right Marketing to attract buyers, sellers and lenders.

You need Mentors to guide you.

And lastly, you need to manage your time, energy and priorities so you can implement what you’ve learned from the seminar. Without implementation, nothing happens.

I will discuss all the 5M’s at the TRQ 2.0 so like my most successful students, you too will become a real estate millionaire.

Let’s talk about Mindset…

Most people sabotage themselves because they don’t believe they deserve wealth. That is, a lot of people have the wrong mindset or they have money fears that prevent them from achieving their financial goals. Let me tell you a true story about 2 of my students. Let’s call them Anna and Linda.

Anna and Linda started on the same day as my students. I taught them the exact same techniques and strategies. Anna became a millionaire in just 9 months. Linda stayed as a broke, real estate investor-wannabee. Why? The difference is mindset. Anna believes she deserves wealth and she acted accordingly. Linda has self-doubts and limiting beliefs and despite being given the right techniques and tactics, she achieved mediocre results.

I want to overcome my limiting beliefs about money!
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City
I have gotten, the Master Wealth Attractor himself - Mr. John Calub to give a 2 hour mini-seminar during TRQ 2.0. John has trained over 20,000 people on the areas of sales, mindset and having the right psychology about money and wealth. His Genius Creation system has trained more millionaires in 21 days than any other system in the Philippines. John’s powerful mini-seminar will allow you to dig deep into your subconscious mind and root out all the limiting beliefs and money fears that you have. If you have attended some real estate seminars before and read books about money and you are yet to earn your first million in real estate, you need to attend TRQ 2.0 just for John Calub’s mini-seminar alone.

“I’ve learned so much more in Trace’s “Think Rich Quick” seminar despite the fact I have 7 years real estate experience.” -Lilian Quiambao, real estate agent and attendee TRQ 1.0, March 27, 2010

And if that is not enough, over the 2-day seminar I am going to pack and compress my $13 Million know-how and 7 years real estate experience into your head. I have acquired over $13 Million worth of real estate in the past 7 years. I know my stuff and my stuff works. And I know how you can best learn it. You see...I lied to you. This is not a real estate seminar where you get a series of lectures. This is a workshop. You will get tired because I will have you do some work. You will feel like your head is going to explode at the end of the 2 days. It will take you months just to read and absorb all of your notes. It will be that FULL OF CONTENT, I guarantee it. In fact, you might get overwhelmed by it all. And one thing is for sure…whatever your experience level is…you will learn a LOT. And you will learn by doing. You will work on real deals…even call potential lenders and investors. It will be scary and it will be fun at the same time.
I will also have a successful student of mine talk about how to make money with commercial real estate. This is totally brand new material that I have not talked about before or wrote before (not in my book, nor in my blog). If you have attended the last TRQ 1.0, you should attend TRQ 2.0 because you will learn about a profitable niche – commercial real estate. This student of mine is working on several deals with million peso paydays! That’s how profitable commercial real estate is and you’ll learn it first in TRQ 2.0.
I want to have million peso paydays Trace!
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City

And then let’s talk about marketing. Given that 80% of real estate transactions happen online, I sought out the Philippines’ foremost online marketing expert - Jomar Hilario. I noticed a pattern over the past 3 years of mentoring and coaching students. A lot of my successful students in the Philippines (some of whom are already teaching their own students) have been students of Jomar Hilario as well. The combination of my fast money real estate strategies combined with Jomar’s online marketing techniques leads to massive profits. SO I’ve decided to convince Jomar to spill the beans on profitable online marketing techniques that you can use to succeed in real estate.
I want to learn Online Marketing – from the Philippines’ foremost online marketing expert – Jomar Hilario.
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City

I will also introduce you to 3 mentors who can take you under their “wings” and help you succeed. Every successful real estate investor I know has a mentor – no exceptions. Even Donald Trump had a mentor when he started – his very own father – Fred Trump. I had mentors and I continue to seek them out. TRQ 2.0 will provide you the foundation to help you succeed but mentors are crucial to help you sustain the momentum. These mentors will have you work in their real estate businesses. You will immediately apply what you would have learned from TRQ 2.0. And you will make money with these mentors as you help them buy and sell properties.
I want to have a real estate mentor, Trace!
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City

Lastly, as soon as you sign up, I will introduce you to a powerful implementation technique that I have invented. As I said earlier, implementation is the key to success in real estate or in any business for that matter. The concepts I teach work as evidenced by the successes of my students. All the success stories I mentioned in this website all came about because of the implementation technique I’ve invented last March 27, 2010. You will learn what this technique is all about as soon as you sign up. You see…TRQ 2.0 is NOT just 2 days. Even before October 23-24, you will get two 2-hour online seminars (also called webinars) from me. In one of these online seminars I will reveal this implementation technique I am talking about. Also, after the seminar, you will get a follow-up webinar to help answer any questions you have or help you break through any challenges that you are encountering. I sincerely want to help you succeed.
I am convinced Trace, sign me up NOW.
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City

You’re probably wondering, how much will your investment in TRQ 2.0 going to be. Before I tell you the investment, let me tell you what you’re going to get. I have put together an irresistible BONUS package to ensure this is an offer you can’t refuse.

BONUS #1: eBook “P31 Million in 31 Minutes”……Value P 2,495

During TRQ 1.0, I taught powerful techniques on how to raise money. In front of 163 people and in front of a video camera, several of the attendees raised capital from private lenders. By the time we tally the total amount of money raised, we were able to raise P31 Million in just 31 minutes! I summarized the powerful techniques I taught the attendees in an ebook which you will get as soon as you sign up for TRQ 2.0

BONUS #2: Audio book “7 Steps to Selling a House in 7 Days”………………………………………………………Value P 4,495

DO you like to learn how Will Abriza sold a condo in just 6 days? What about the secrets I taught Jay Villar and Mic Mejia who sold a condo in just 10 days? I captured it in an audio book which is yours free once you sign up in TRQ 2.0. You can download this in your iPod or mp3 player and listen to this over and over again so that like Will, Jay and Mic…you will be able to sell properties lightning fast.

BONUS #3: Ticket to John Calub’s Attracting Money Seminar…………………………… ......……………………Value P 8,000

John Calub is a very generous man and he sincerely wants to help create as many millionaires as he could. Even though the 2-hour mini-seminar he will give will surely make you aware of your limiting money beliefs, John wants to give you more. So he offered to give away an P8,000 ticket to his 1-day seminar for those of you who will sign up in TRQ 2.0.

This is ridiculous. Sign me up NOW.
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City
BONUS #4: LIVE Coaching Call with me…........……Value P 12,000

People pay me P10,000 to have lunch with me for 1 hour (and you pay for the lunch too!). In a LIVE coaching call with me…you will get me for 2 hours. You will also get one of my most successful students to help me answer any and all of your questions. As you can see the math is wrong…I should put P20,000 as the value of this BONUS…but you might not believe it so I put a lower number.
BONUS #5: The Apprentice Challenge and How to Make Money from TRQ 2.0 FAST……………….……………………Value P 12,000

This is another 2 hour session with me. If you have attended real estate seminars before and you have not made money from them…it’s now the time to change that. The “Implementation Technique” I invented back in March 27, 2010 is what I call the Apprentice Challenge. Find out why it works and how to join it.

BONUS #6: Follow up Webinar…………………..……Value P 12,000

Thirty days after the seminar, we will have a follow up webinar. I want to find out and hear about your progress, and challenges. I want to give you further pointers on how to overcome them and you will learn more techniques that will help you implement and make money from what you would have learned during TRQ 2.0. And get this: IF YOU are able to make money as a result of TRQ 2.0 after 30 days…your ticket for the next “Think Rich Quick” seminar will be FREE.

TOTAL VALUE of the BONUSES………....……………………P50,990

What YOU PAY TODAY (good until September 30 only)…..............................................................................P 4,995 or $111

This is a NO-brainer. Let me IN.
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City
As you can see…you are getting more than 10 times the value just from the BONUSES alone versus what you’re going to pay. I have made it an offer you cannot refuse.

And there’s more. If you’re one of the first 30 people who will get the ticket to TRQ 2.0, you will get the following VIP privileges:

You get to have dinner with me either on October 23 or October 24. During our dinner, you tell me your financial goal and I will teach you the fastest way to get there. One idea you get from me that you implement could help you become a real estate millionaire.
You become an affiliate of TRQ 2.0. You can sell the tickets to your friends, family and colleagues and make money from doing so. The ticket will be priced at P6,995 after September 30 and you get a P1,995 commission per every ticket you sell. Sell 3 tickets and your investment for TRQ 2.0 is already paid for! (Oh and by the way, YOU are the only ones who can sell the tickets after September 30…I won’t even sell them so people have to buy them through you!).
You get a 30-day FREE membership into my Online Coaching Program. As part of this membership, you get access to my online community of student-investors. In this online community, you get access to proprietary techniques and tips I don’t reveal to the public. You get to ask me questions (everyday if you have to) via email. You will also get access to properties you can help sell and make money from. Who knows? You might find buyers for 1 of these properties and make money even before TRQ 2.0!
I want the VIP Privileges Trace!
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City

I have a problem though that I want you to be aware of.
The venue we have chosen can only accommodate 300 people. This website is being exposed to about 117,411 people. People like Bo Sanchez, Jomar Hilario, John Calub, Heinz Bulos, etc. have about 110,000 people in their email databases. I have 7,411 right now. With me giving the “Think Rich Quick” seminar only once or twice a year…and with 117,411 people seeing this website…you can just imagine the HUGE DEMAND for tickets. In fact, I won’t be surprised if all the VIP Seats have been taken already by the time you read this. If you can still read this website, chances are the 300 slots for the seminar is not all sold out YET.

Let me IN, Trace!
TRQ 2.0 on Oct. 23-24, 8:30am-5:00pm
"The Tents" @ Southgate Mall, Makati City


Pay by October 7 to get the Early Bird Rate

Dedicated to your success,

Trace Trajano

P.S. If you’re still thinking TRQ 2.0 is something you can’t afford…you have to realize that it’s something you can NOT afford NOT to attend. Borrow the money if you must but you should NOT miss this. One idea…one mentor, or one contact you will get out of TRQ 2.0 is probably all you need to finally make money in real estate. The lives of Will Abriza, Jay Castillo, Jay Villar, Mic Mejia, Grace Pekson, Ebb Ryan Magtuba, Doctora Joy Holgado and her teammates (and many others) are forever changed when they made the decision to attend TRQ 1.0. It’s time you change yours.

Advantages and Disadvantages of Real Estate Investing

By Bruce Swedal

Investing in real estate can bring a large cash flow for many investors, but only if they invest in the right properties. Investors who are new to investing should not invest in land right away because the investment of land is considered a drain on cash. The real money is in large commercial properties and flipping houses. In order to stay successful in property investing, a person should only concentrate in one area. If a person is investing in commercial property, they should only stick to those areas, instead of crossing over to investing in homes. Trying to do both at the same time can create more of a loss in investments, and can be draining and time consuming. Investing in real estate takes a lot of experience, knowledge, and contacts. Starting out small is always best for real estate investors, so that they can learn the ropes, and make contacts while in the process. In the investment world, one contact always leads to another. There are more advantages to investing in property than there are disadvantages. The disadvantages to investing is that everything is always a gamble. Just as investing in the stock market is a gamble, so it is with property investing. That is why it is so important that investors invest their money in the right properties that will be sure to bring a profit.

When investing in conventional property, flipping houses is always a sure bet that an investor will not lose their shirts. Whether a flipped house sales successfully or not, does not mean that an investor will lose out on their money. They always have the advantage of renting out their homes until they find adequate buyers, or until the real estate market starts to boom again. It is also important for real estate investors to know when it is a buyers market or a sellers market when trying to get the most out of their investments. Flipping houses can be a real advantage when an investor can make large profits from flipping a house, and then selling it for a larger profit. Investing in commercial real estate is also an advantage because large commercial investments can bring a large monthly income. There is also a lot of competition in the investment world. Understanding marketing strategies is crucial when it comes to competition.

Another advantage for real estate investing is to be pre-qualified by banks and lenders before people start investing. This will give them a bigger advantage over investors who have not pre-qualified yet. Businesses and home owners are more willing to sell their property to an investor who has already been approved to buy the property.

Denver Colorado Real Estate
Denver Real Estate

Article Source: http://EzineArticles.com/?expert=Bruce_Swedal

Helpful Tips Before Buying Properties in the Philippines

Here are the tips a buyer must remember before buying any property in the Philippines, specially if you are buying a single property from an individual:

1. Make sure the Title is authentic. Ask for a plain copy of the owner's title. Then go to the Register of Deeds (ROD) and ask for a “Certified True Copy” of the master title held by this office. If the two copies are identical... the title is authentic. The ROD is usually located at the city or municipal hall where the property is located.

2. Beware if the master copy on file with the ROD has any mortgages, lease contracts, power of attorney, claims of third parties, government liens, road right of way assessments, and etc. noted on the back 3 pages. Although the title may still be registered in the name of a person, ownership will be affected by what is noted on the back pages. Do this yourself or through a trusted party, never from the seller or his middleman. Titles have four pages: Cover and pages A, B, and C. Make sure you see all four pages.

3. Make sure that the land described on the title is really the land that you are buying. You can validate this at the Municipal Tax Assessor's office by asking to see the land map where the property is located. While you are at this office, get a certified true copy of all the tax declarations to the property. The land will have a separate tax declaration. So will each building on the property worth more than 25,000 pesos. Also confirm that the yearly real estate taxes are paid.

4. Make sure that the sellers are the real owners. If you are buying from an individual property owner, ask for identification papers like passport or driver’s license, it is also a good idea to talk to the neighbors to confirm the identity of the sellers (you might as well ask some history of the property).

5. Avoid tax-declared property... deal only with titled property. You must be an expert at buying and selling property in the Philippines before trying to buy property with only a tax declaration. There are many properties in the Philippines that are not titled, or registered under the Torrens system. If you buy an untitled property (usually evidenced by only a Tax Declaration), you would not enjoy the benefits of the Torrens system, and you will be forced to investigate for yourself the “chain of ownership” from the present owner up to the first, which usually dates back to the 1920′s. With titled property, you can rely on the fact that the owner of the property is that which is stated in the title.

6. Stick to those properties registered in the names of actual sellers themselves. Most properties in the Philippines are titled in the names of the grand parents or even great grandparents of the owners. thus, there is still the need to execute an extra-judicial settlement, which has a “grace period” of two years within which an excluded heir can question the settlement and the sale. This type of litigation is fairly common and is the usual source of problems. Thus, avoid properties not titled in the names of the actual seller. You need EXPERT advice to buy a property from the heirs of a deceased.

7. Avoid SPAs (Special Power of Attorney) – deal with the actual sellers themselves. Another of the common sources of property litigation in the Philippines are those involving special power of attorneys. This is an instrument that empowers a party to deal with the property of another, usually for the purpose of selling the property. Oftentimes, unscrupulous individuals procure a special power of attorney surreptitiously from the unwitting owner who is led to believe that the document being signed is something else. Believe it or not, most of the property owners in the Philippines have finished only primary schooling and cannot read English documents. If you must deal with property being sold through an SPA make sure you seek the advice of an expert.

8. If there are any questions that the property might not be located exactly where it is stated on the title, have the boundaries identified by a licensed surveyor. Ask the seller to allow you to conduct a relocation survey. Although you might be required to shell out additional expense for the survey, then you can actually be assured of the metes and bounds of the property and that the property you are buying is actually that stated on the title. When doing the relocation survey, make sure the adjacent owners are summoned so they can agree to the boundary line.

9. Always see to it that you have a road right of way. Just merely looking at the property and seeing a road is not enough. Check the title and see whether or not it is actually bounded by a road lot, road, or street. The surveyor can point this out to you. Most foreigners like the countryside and coasts, where agricultural lands are located. Thus, most agricultural lands when subdivided into smaller parts do not provide for a road in the subdivision plan. Be sure therefore that you have access to the land otherwise, you might be required to purchase a right of way, oftentimes at exorbitant prices such that you are forced to enter into litigation to have the court fix a reasonable price.

10. Never forget to have your deed of sale, contract of sale or other document over the land annotated on the copy of the title on file with the register of deeds.

Marikina Heights Townhouse

RENT TO OWN TOWNHOUSE!
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Had you been tired of canvassing townhouses and still never found what you wanted?

Are they too expensive?
Are they too small?
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Or not just in your ideal location?

LOOK NO MORE AND VISIT THIS PROPERTY ASAP!!!
Located at the City that is Clean and Green
With an elevation overlooking Ortigas and Makati Skyline
Never ever been flooded, even by Typhoon Ondoy
Only 2 of six units are available and inquiries are already pouring in... By the time you make a call, another unit could have been sold!

So ACT FAST as we are selling each unit for 22% below the market!
That's over Php 800k Savings!!!


PROMO IS UNTIL SEPTEMBER 2010 only*
*We are only giving this special offer to fast home buyers who want to
secure their home before La Niña strikes.

Imagine what you can do with more than 800,000.00savings...
1. You'll have more budget for the furnitures that you want
2. You can improve and add more embellishments to your new townhouse
3. You'll have less monthly payments
and so much more...

What's more...



Your new GT Executive Townhouseoffers the following benefits and features...

1. More rooms for the whole family: 3 Bedrooms
2. Bigger floor space to entertain your guests or family.
It comes with an Attic, Terrace and Balcony
3. Bigger area for drying clothes
4. Wider frontage for your car or garden
5. Ample and safe play area to your kids in a small, private and gated community
6. And a gazebo for having family parties, barbeque or recreation
7. Flexible payment scheme


Reserve your unit now or this opportunity will be gone forever...

Contact us to know how you can afford this special offer at a win-win scheme...


For Inquiries, please call,text or email:

Joe Taming
0928-524-1680; 0908-413-6190
tamingj@yahoo.com

Thea Santos
(02) 543-1643
dreampeninsula@gmail.com

The Most Important Skill for a Real Estate Investor

I did a quick survey during the webinar I did last Saturday. The question is: "What is the most important skill a real estate investor needs to have, is it...

a) Raising capital
b) Finding good deals or
c) Selling or leasing a property quickly

25% answered Raising capital

25% answered Finding good deals

and 50% said it's Selling or leasing a property quickly

All of the above skills are important. YOU need to develop all three skills but if there's only one thing you NEED to absolutely learn it is...Selling or leasing a property quickly. Here's why:


1) You can buy properties with "no money down". I've bought my first $3 Million worth of investment real estate all with "no money down". It takes a little bit more work to buy properties with "no money down" but it can be done. You need to find the right seller in a situation such that he/she will be amenable to you taking over his/her property with no money coming out of your pocket. For one example of how to do this, you can read my book "Think Rich Quick" and read the chapter on Rent to Own.


2) You can get good deals from other investors called wholesalers. You can buy them to renovate or rent them or re-sell them (what I call "Affiliate Real Estate Marketing"). The beauty of this approach is that you don't have to do the work of inspecting so many properties, make a ton of offers, deal with unmotivated sellers, etc. The deal is a "done deal" and all you need to do is buy them. Of course, you need to know how to evaluate whether a deal is a good one or a bad one. You need to know how to do your due diligence. BUT bottomline, finding good deals can be outsourced.


3) A good deal can become a bad deal if you can't sell or lease it quickly. I don't care even if you have acquired the deal of the century. I don't care even if you have bought a property at a 50% discount. I don't care even if you get a property NO MONEY DOWN. If you cannot sell or lease a property quickly enough, YOU WILL LOSE MONEY on the deal.

You lose roughly 1% of the value of the property every month it's vacant. For a house left empty for 12 months...and let's say it's worth P5 Million or $100,000...you'll lose P600,000 or $12,000! Ouch. And that's on the "low-side". A vacant house costs a lot because you need to pay real estate taxes, insurance (a vacant house insurance costs 5 to 10 times more than regular insurance), utilities (depending on the location, you need to have the heat ON or the electric ON), and of course the monthly amortization or mortgage payments. What if the house gets vandalized or broken into? What if someone takes over the house and just squatted on it? What if the pipes get stolen? I have all these "bad things" happen to one of my vacant houses and it's very painful. I lost money on that deal.


BUT Trace, I don't KNOW HOW to Sell!
I've heard this complaint a thousand times so here's the answer: get over it - it's NO big deal. You can learn HOW to sell if you want to truly succeed in real estate.

Most people think that in order for you to sell you have to be an EXTROVERT. Wrong. You don't need to be an extrovert in order to sell houses quickly. Most people think in order for you to sell you need to be TALKATIVE or very articulate. Won't you need to "talk people into buying" your property? WRONG - you don't need to be talkative or need to "talk people into buying" your property. Watch this interview I did with one of my students, Will "The Breeze" Abriza. I am calling him "The Breeze" because he sells properties very quickly...almost effortlessly. Will does not "talk people into buying" his properties. Will does not do a HARD SELL on anyone.

Will is an INTROVERT...

In fact, he is one of the MOST INTROVERTED person I know and yet he sells houses in FAST.

Will, as you can tell from the video DOES NOT SPEAK VERY WELL. He is NOT articulate or talkative at all. Notice who did most of the talking in the video - ME.

And yet, Will sold one house in 2 weeks...he sold a condo in 6 days during the Apprentice Challenge and he helped sell Jay Castillo's house in 7 days also during the Apprentice Challenge. Will has only been 'investing' in real estate for only 6 months and yet he sells houses a lot faster than real estate agents who has 6 years of experience!


SO Trace, if an Introvert Like Will Can Sell a House FAST...

Here are the steps to selling a house FAST even if you're an introvert, shy person who does not want to talk people into buying your house...

1. Provide a good deal for your buyer.
It all starts with the deal. Wallace Wattles said in his book "The Science of Getting Rich" you can become rich provided the product or service you provide will give a lot more in "IN-USE VALUE" than the cash value you asked for it. Applied in real estate, DON'T BE GREEDY - sell your house at some sort of discount or provide good financing for it (like rent to own) or make it furnished when other houses being sold are NOT furnished. Make it a good deal for a buyer. Make it distinctly better than the other houses being sold in the area. Provide an "after sales" service like finding a tenant for a landlord buying your house as an example. Provide a good deal for your buyer and 80% of your selling problems will GO AWAY.

2. Utilize YOUR Centers of Influence To Spread the Word
Talk to everyone you know - your friends, family and colleagues. Tell them you'll pay them if they refer you a buyer. Better yet identify influential people or people with BIG network of people who might be interested in properties. Examples of influential people are real estate agents (obviously, they're in the business), lawyers (examples are lawyers who specialize in foreclosures, evictions or ejections of tenants, etc.), bankers and mortgage brokers, architects and contractors, etc.

3. Utilize eXtreme Marketing to Maximize The Probability Your Property Will Sell
eXtreme Marketing is putting out a compelling marketing message to your target market or target buyer, exposed multiple times using multiple media. Whew - that's a mouthful so let me give you some examples. Do not just put an ad in the newspaper when selling a house. Put out an ad in SEVERAL newspapers not just one. Put out an ad online. One of my students have identified almost 100 sites you can post your property for sale. Put out bandit signs, or banners to market your property. Put out flyers. Put out a blog post about your property for sale and post it in your Facebook account. You'll never know where YOUR BUYER is looking or when... so you have to expose your marketing message multiple times (daily) using multiple media (signs, flyers, newspaper ads, online ads, blog, Facebook, etc).


dedicated to your success,
Trace
P.S. Will Abriza through his eXtreme Marketing efforts have now accumulated 104 buyers in his database. Some of these buyers are investors - meaning they want to buy multiple properties. Do you want to partner with Will and have access to his 104 buyers?

How to Successfully Flip a House

By Tom Bradburn

Flipping a house is an extremely involved process but can also become an extremely profitable process. Flipping a house involves three well defined areas in order to find true success. These are the purchase process, remodeling and selling. If a person is not knowledgeable in all three areas, problems could be lurking around the corner.

Step 1

Purchasing the house that you intend to flip can be the most important step in the entire process. While a house can be purchased using any number of methods, such as at an auction, a bank foreclosure, a tax sale or even from a desperate homeowner, the end result should be the same.

Your interest should always be to purchase a property, in an area, which will make a profit. Never fall in love with the house, but always fall in love with the deal. If the price you pay for the property is too high, you will have a problem selling for your asking price later on. If you purchase a property in a questionable neighborhood you may have problems during the selling process later on.

Learn the market in your area of interest. Learn the actual value of homes in your area of interest. Have some idea of the price that you can sell for and then negotiate, negotiate and negotiate. Pay as little in closing costs as possible. Closing costs should be added to the purchase price and are many times a hidden fee.

Before you agree to terms and sign a contract understand the profit possibilities. Keep in mind that any repair estimates, which you have compiled, will normally be lower than expected and your remodel expense will normally exceed your estimates. The question should be, is there enough room between my purchase price and my possible selling price for me to realize a profit? Take into account, before you purchase a property, the large ticket items which you must replace during your remodeling process. Items such as air conditioning units or a new roof. Take time with this question and be honest with yourself.

Step 2

Remodeling your flip house can be a tedious process. The things you should know during this process is how much you will be able to spend. Understand that you may not have enough money to perform every remodeling idea which you dreamed of. Many times, necessity will dictate what you can or cannot do during this process.

However, there are many things which you may be able to control. For instance, many air conditioning companies will replace on old unit with a new unit for a customer. The company may be able to refurbish the old unit and sell it at a reduced price. This could save you thousands.

Many times you can hire a local handyman to replace a roof for a fraction of the price that a roofing company will charge. Do not over indulge during this process. Your goal is to make a profit and you must create ways to save money. Think outside the box while saving money, but at the same time create a great product for your potential buyer.

Step 3

Selling your house for a profit can sometimes be a problem. I do not recommend that you use a realtor. That will cost you 6% of the sale and you may not be able to afford that luxury. I suggest that you sell your house yourself. You must be flexible during the selling process. Many times, holding out for top dollar can not only cost you thousands, but at times it can cost you the sale. Here are a few tips.

Before you list your finished flip house make lists. Make a flyer of your property and list things such as the size and age of the, air conditioning unit and the furnace, the age of the roof, the kitchen appliances and so on. List every advantage which your house has, such as a fenced back yard, two car garage, sprinkler system, reverse osmosis system, security system. Potential buyers love this type of due diligence.

If you have the ability to put a photo of your house, in the flyer, that is a plus. If you do not, find someone who does. Print the address, school system and if the house is close to the fire dept., the police dept., or shopping. Call the newspaper and place a small classified ad for the sale of your house. Keep it simple. Only the words, "Open House", the address and the times at which you will conduct the open house.

Purchase open house signs. These should be large signs, approximately 24 inches by 30 inches. Purchase signs with an arrow on them and write, in very bold letters, the address of your property on each side of them.

The night before your open house, go to popular hotels and ask the management if you can leave a few of your flyers on their counters. Some will say okay and others will not. Another great place to leave your flyers is at restaurants or banks. Any place where you may find a potential buyer is a great place to leave a flyer.

On open house day, check your property one last time and make sure everything is perfect. Cut and edge your grass. Trim the bushes and trees. Once your house is perfect, put your open house signs on street corners. Direct traffic from every busy street possible and also have a sign in your front yard.

If you have done your job correctly, a buyer will be at your house before you know it. Here is one thing to remember. If you list your house with a realtor, your house could be listed for up to six months. You must be aware of that while selling your house yourself. Be patient and persistent. Replenish your flyers each day, keep your attitude positive and never give up

As you can see, flipping a house is an extremely complex process. Many have tried it, but few have found real success doing it. Know the real estate market in your area of interest and do not over pay for a house. You should be looking for a great deal but if you are not knowledgeable, about your area of interest, you will not know what a great deal is.

Tom Bradburn has flipped 34 houses and rented another 18 during the past 5 years. Tom has also written the book, "How to Successfully Flip a House." Get more information at http://www.howtosellmyhousealone.com. Article Source: http://EzineArticles.com/?expert=Tom_Bradburn