LISTEN! LOOK! READ!!!
There are ONLY 3 THINGS you need to get good at if you want to make a lot of money flipping houses. You do not need to know how to use a hammer, screwdriver, or paintbrush. You do not need a huge buyers list. You do not need a real estate license. You do not need a formal education or an above average IQ. Here are the three things you DO need:
1. Learn how to generate leads on a consistent basis. Ideally, off market properties, that you can buy at a discount. Many of these will not be at a discount. Hence, you need to learn how to generate a lot of leads.
2. Learn how to quickly evaluate these leads. The good deals go fast, and you need to decide quickly what's a good deal, what's garbage, and what goes in the "maybe" pile. I evaluate about 100 deals a month and end up moving forward on 1.5 of them, on average.
3. Learn how to structure the deal you move forward on for maximum profit. I was stupid, so I sometimes took $5K for a deal I could have made 6 figures on if I had structured it properly. I have also gotten $100K wholesale fees. I double closed and made 6 figures multiple times. Once you decide it's a deal, you need to use the strategy that will maximize your profit. I used to be just a wholesaler. Now, I am an investor. However, wholesaling is still a great strategy to use. Just make sure to measure the risk/reward of the various strategies, and not leave a bunch of money on the table.
There are ONLY 3 THINGS you need to get good at if you want to make a lot of money flipping houses. You do not need to know how to use a hammer, screwdriver, or paintbrush. You do not need a huge buyers list. You do not need a real estate license. You do not need a formal education or an above average IQ. Here are the three things you DO need:
1. Learn how to generate leads on a consistent basis. Ideally, off market properties, that you can buy at a discount. Many of these will not be at a discount. Hence, you need to learn how to generate a lot of leads.
2. Learn how to quickly evaluate these leads. The good deals go fast, and you need to decide quickly what's a good deal, what's garbage, and what goes in the "maybe" pile. I evaluate about 100 deals a month and end up moving forward on 1.5 of them, on average.
3. Learn how to structure the deal you move forward on for maximum profit. I was stupid, so I sometimes took $5K for a deal I could have made 6 figures on if I had structured it properly. I have also gotten $100K wholesale fees. I double closed and made 6 figures multiple times. Once you decide it's a deal, you need to use the strategy that will maximize your profit. I used to be just a wholesaler. Now, I am an investor. However, wholesaling is still a great strategy to use. Just make sure to measure the risk/reward of the various strategies, and not leave a bunch of money on the table.
All of these, and much more, will be discussed in depth at the upcoming real estate seminar. To attend, send me an e-mail.
PRICES ARE GOING UP!
See below:
PRICES ARE GOING UP!
See below:
DETAILS:
Time and Date: Dec. 6, 2014, 9 AM to 5 PM
Location: Palm Springs, CA
Cost: $395 this week only!
Time and Date: Dec. 6, 2014, 9 AM to 5 PM
Location: Palm Springs, CA
Cost: $395 this week only!
E-mail jayre01@gmail.com with subject line "seminar" to sign up
Attendees will receive my manual in advance of the seminar and a free gift there. Plus a ton of practical, hands on knowledge and training.
Attendees will receive my manual in advance of the seminar and a free gift there. Plus a ton of practical, hands on knowledge and training.
No comments:
Post a Comment