Real Estate Investing - Foreclosures

Many new real estate investors trying to figure their way through the maze of opportunities come to a point where foreclosures seem to be the best place to start. One glaring reason is because the foreclosure market presents an opportunity to invest in real estate that is readily below market value?sometimes. Although it is highly unlikely that many new investors are prepared to begin their investment/business strategy purchasing foreclosure real estate, we felt it was necessary to point out some of the basics of the foreclosure process. Again, we want to stress these are the basics of foreclosure investing.

When a borrower defaults on their loan, a bank takes possession of the property through different proceedings, depending on the state the property is located. In title theory states mortgage lenders may possess the property upon default of the borrower. In lien theory states lenders must go through the process of foreclosure. In lien theory states, a mortgagor (borrower) is provided with a cure date, whereby they are given the chance to rectify matters with the mortgagee (lender), usually by bringing the loan current.

If the mortgagor fails to do this, the bank will utilize legal representation for enforcing foreclosure proceedings. Aside from all the legal proceedings, what the investor should know is that their usually will be a public auction where the bank offers the property to the public. Auctions are usually held at public places such as the steps of the town hall where the property is located. The public is made aware of these proceedings through public notices.

These procedures are in place in order to protect the borrower, the lender, lawyers, and county employees from corruption or claims of any wrong-doing. The investor participates in this process by acquiring real estate below market value. At an auction, a lawyer announces the details of the foreclosure and the bidding process begins, with the bank attorney present to oversee the bidding process.

Usually the bank will announce the minimum bid they will accept. This minimum is set by the bank based on the loan amount outstanding and all associated fees the bank has incurred throughout the process. Bids can be in increments of $1000 or more depending on the financial details of the property. People who bid, in most states, must have at least 5% of their bid on their person, in cash or bank check, to put down as earnest money if their bid is successful.

As the investor, you will want to determine the maximum amount you are willing to pay for the property before you attend the proceeding. Then you will need to bring five or ten percent of that amount with you on the day of the auction. It?s a good idea to attend a few auctions in order to determine some of these important details. You must consider the possibilities of damage that may be present in the dwelling, since you will most likely be unable to view the property, unless you visit the house to talk with the owners prior to the auction, during the pre-foreclosure process.

At an auction, undoubtedly, what will transpire will be two or three individuals bidding on the property. Then another person will enter the bidding process. Finally, the beginning bidders will drop off and the bidding will break down between two or three individuals. It is probably a good idea to wait it out because, depending on your maximum bid amount, you will find that the bids will exceed your maximum bid. So you never have to become involved in the process. Just don?t wait too long and miss your opportunity if it arises!

If you have the fortunate opportunity to attend an auction on a property you want where no other bidders are present, negotiating directly with the bank may be advantageous. What this means is, after the bank representative states the minimum bid, you might offer a significantly reduced price and then negotiate with the bank rep. The reason I?m including this in the article is because I?ve been present at an auction where their was only one bidder (I was not bidding on this particular property).

This bidder made the mistake of actually offering $1000 more than the minimum without even negotiating with the bank rep. Clearly this was a bid oversight by this (probably) new ?investor? with no other bidders and no one around except for me. It?s best to always remember that anything and everything regarding real estate is negotiable.

Now if the bank is unsuccessful in their attempts to auction the property, it is then listed with a real estate agent. If the mortgage was insured through an FHA loan, the property will become a ?HUD home? and any investor who has any interest in the property as a non-owner occupant must wait a specific period of time before making any offer. Check with your local HUD office for details.

Banks also have REO (real estate owned) listings that investors can acquire. There are many different websites offering the service of compiling foreclosure listings throughout the country. Banks will usually want to see that a bid is accompanied with a good earnest deposit and loan pre-approval (not pre-qualified) or a cash deal.

For more state information on what type of title is held with regard to real estate, visit title.grabois.com. Buying foreclosures can be very lucrative and the auctions are exciting. The process of acquiring a foreclosed home is a good way to learn about financing and can be a valuable experience in understanding real estate ownership and financing.

Real Estate Investing - Matching Buyers with Properties

One of the things you have to consider as a real estate investor is matching buyers with properties that you acquire. When you develop a buyers list for your properties, whether you?re trying to wholesale or rehab, you will find that the simple saying, ?Different strokes for different folks,? applies. Some of the different ?strokes? might be low-end rentals, high-end rentals, multiple unit rentals, and rehabilitation projects.

The different ?folks? will often match these properties. For every investor, there is a niche they specialize in. If you want to wholesale properties, it?s up to you to offer the greatest spread of properties to fellow investors. Also, you must take into account, your regular home buyers (owner-occupants).

Part of any building block of a business is to identify the target market. For instance, with this site, we identified the people who would be visiting it most likely. We tailor the articles with content that is basic in order to meet the ?customer? needs. We don?t overload the articles with complexities, but we do offer the basic 1-2-3 steps for beginning a real estate investment business or a business in general. Part of this required developing a ?character? for our visitors. In doing this, we are constantly developing new avenues of interest that we think our visitors will benefit from, including hard money financing (coming soon).

So, for matching buyers with properties is to simply define what each potential buyer prefers. When you decide to advertise for buyers, you might put out ads like this:

Deep Discounts-Properties need Rehab, Priced to Sell, Call XXX-XXX-XXXX

or

Excellent Cash Flow Rentals offered at Discounted Prices, Call XXX-XXX-XXXX

This may attract buyers who are looking for rehab projects. Thus, you?ll be matching rehabbers/contractors with properties in need of rehab. However, when the phone starts ringing, you?ll need to distinguish the type of homes each potential buyer wants. For instance, some might want 4 bedroom, 2 Bath, high-end rehabs, while others will want your basic ?bread and butter? home, 3 beds and 1 bath. Also for the second advertisement, you?re looking for landlords. Additionally, you?ll need to identify the different areas each buyer will consider.

You may also run an ad like this:

Stop Renting-Starter Homes Available-Mint-Discounted Prices Call XXX-XXX-XXXX

These buyers might be your owner-occupants that are currently renting that you?ll add to your buyers list. Part of your strategy here might be buying, rehabbing and selling them yourself.

Of course, running one ad might be most economical:

Deep Discounted Properties for Sale, Home Buyers, Investors Call XXX-XXX-XXXX

Now, how do you determine what each investor/buyer wants? You may ask the following questions:

What type of property are you looking for?
Specifics? (# of bedrooms, baths, rooms)
What locations are you primarily interested in?
Have you closed on properties in these areas before?
What are your overall objectives for properties you buy?
What is the ideal return on investment you?re looking for?
What type of rentals do you prefer?
How do you continue to grow your customer base (the amount of people you can sell a property to)?

Well since money is always the bottom line and not all buyers have cash to buy (and you should never expect or rely on that solely), expanding the pool of investors and buyers you can sell to comes down to having contacts. If your buyers don?t have the contacts or the cash, you will need them. So four simple things you should do are:

Make contacts with good mortgage brokers and use them to qualify buyers
Make contacts with good hard money lenders to qualify investors (noobs)
Make sure these brokers and lenders can close deals quickly
Make sure you know the process inside and out so you can expedite the process
Lastly, you may look for ads that offer rehabbed homes for sale. For example, if you see a for sale ad that says, ??renovated? or some variation, call that number and begin the process of adding that individual to your buyers list. Visit the property to get a completely true feel for what they look for. This can be a very effective way of getting investors who are actually involved in performing on a contract because they already have demonstrated the ability to do so!

Always remember that you?re running a business. Every successful business has a well-defined strategy for marketing, sales and growth. Real estate investing is no exception!

?2006 noobdogs.com

Real Estate Investing - Matching Buyers with Properties

One of the things you have to consider as a real estate investor is matching buyers with properties that you acquire. When you develop a buyers list for your properties, whether you?re trying to wholesale or rehab, you will find that the simple saying, ?Different strokes for different folks,? applies. Some of the different ?strokes? might be low-end rentals, high-end rentals, multiple unit rentals, and rehabilitation projects.

The different ?folks? will often match these properties. For every investor, there is a niche they specialize in. If you want to wholesale properties, it?s up to you to offer the greatest spread of properties to fellow investors. Also, you must take into account, your regular home buyers (owner-occupants).

Part of any building block of a business is to identify the target market. For instance, with this site, we identified the people who would be visiting it most likely. We tailor the articles with content that is basic in order to meet the ?customer? needs. We don?t overload the articles with complexities, but we do offer the basic 1-2-3 steps for beginning a real estate investment business or a business in general. Part of this required developing a ?character? for our visitors. In doing this, we are constantly developing new avenues of interest that we think our visitors will benefit from, including hard money financing (coming soon).

So, for matching buyers with properties is to simply define what each potential buyer prefers. When you decide to advertise for buyers, you might put out ads like this:

Deep Discounts-Properties need Rehab, Priced to Sell, Call XXX-XXX-XXXX

or

Excellent Cash Flow Rentals offered at Discounted Prices, Call XXX-XXX-XXXX

This may attract buyers who are looking for rehab projects. Thus, you?ll be matching rehabbers/contractors with properties in need of rehab. However, when the phone starts ringing, you?ll need to distinguish the type of homes each potential buyer wants. For instance, some might want 4 bedroom, 2 Bath, high-end rehabs, while others will want your basic ?bread and butter? home, 3 beds and 1 bath. Also for the second advertisement, you?re looking for landlords. Additionally, you?ll need to identify the different areas each buyer will consider.

You may also run an ad like this:

Stop Renting-Starter Homes Available-Mint-Discounted Prices Call XXX-XXX-XXXX

These buyers might be your owner-occupants that are currently renting that you?ll add to your buyers list. Part of your strategy here might be buying, rehabbing and selling them yourself.

Of course, running one ad might be most economical:

Deep Discounted Properties for Sale, Home Buyers, Investors Call XXX-XXX-XXXX

Now, how do you determine what each investor/buyer wants? You may ask the following questions:

What type of property are you looking for?
Specifics? (# of bedrooms, baths, rooms)
What locations are you primarily interested in?
Have you closed on properties in these areas before?
What are your overall objectives for properties you buy?
What is the ideal return on investment you?re looking for?
What type of rentals do you prefer?
How do you continue to grow your customer base (the amount of people you can sell a property to)?

Well since money is always the bottom line and not all buyers have cash to buy (and you should never expect or rely on that solely), expanding the pool of investors and buyers you can sell to comes down to having contacts. If your buyers don?t have the contacts or the cash, you will need them. So four simple things you should do are:

Make contacts with good mortgage brokers and use them to qualify buyers
Make contacts with good hard money lenders to qualify investors (noobs)
Make sure these brokers and lenders can close deals quickly
Make sure you know the process inside and out so you can expedite the process
Lastly, you may look for ads that offer rehabbed homes for sale. For example, if you see a for sale ad that says, ??renovated? or some variation, call that number and begin the process of adding that individual to your buyers list. Visit the property to get a completely true feel for what they look for. This can be a very effective way of getting investors who are actually involved in performing on a contract because they already have demonstrated the ability to do so!

Always remember that you?re running a business. Every successful business has a well-defined strategy for marketing, sales and growth. Real estate investing is no exception!

?2006 noobdogs.com

Real Estate Investing - Matching Buyers with Properties

One of the things you have to consider as a real estate investor is matching buyers with properties that you acquire. When you develop a buyers list for your properties, whether you?re trying to wholesale or rehab, you will find that the simple saying, ?Different strokes for different folks,? applies. Some of the different ?strokes? might be low-end rentals, high-end rentals, multiple unit rentals, and rehabilitation projects.

The different ?folks? will often match these properties. For every investor, there is a niche they specialize in. If you want to wholesale properties, it?s up to you to offer the greatest spread of properties to fellow investors. Also, you must take into account, your regular home buyers (owner-occupants).

Part of any building block of a business is to identify the target market. For instance, with this site, we identified the people who would be visiting it most likely. We tailor the articles with content that is basic in order to meet the ?customer? needs. We don?t overload the articles with complexities, but we do offer the basic 1-2-3 steps for beginning a real estate investment business or a business in general. Part of this required developing a ?character? for our visitors. In doing this, we are constantly developing new avenues of interest that we think our visitors will benefit from, including hard money financing (coming soon).

So, for matching buyers with properties is to simply define what each potential buyer prefers. When you decide to advertise for buyers, you might put out ads like this:

Deep Discounts-Properties need Rehab, Priced to Sell, Call XXX-XXX-XXXX

or

Excellent Cash Flow Rentals offered at Discounted Prices, Call XXX-XXX-XXXX

This may attract buyers who are looking for rehab projects. Thus, you?ll be matching rehabbers/contractors with properties in need of rehab. However, when the phone starts ringing, you?ll need to distinguish the type of homes each potential buyer wants. For instance, some might want 4 bedroom, 2 Bath, high-end rehabs, while others will want your basic ?bread and butter? home, 3 beds and 1 bath. Also for the second advertisement, you?re looking for landlords. Additionally, you?ll need to identify the different areas each buyer will consider.

You may also run an ad like this:

Stop Renting-Starter Homes Available-Mint-Discounted Prices Call XXX-XXX-XXXX

These buyers might be your owner-occupants that are currently renting that you?ll add to your buyers list. Part of your strategy here might be buying, rehabbing and selling them yourself.

Of course, running one ad might be most economical:

Deep Discounted Properties for Sale, Home Buyers, Investors Call XXX-XXX-XXXX

Now, how do you determine what each investor/buyer wants? You may ask the following questions:

What type of property are you looking for?
Specifics? (# of bedrooms, baths, rooms)
What locations are you primarily interested in?
Have you closed on properties in these areas before?
What are your overall objectives for properties you buy?
What is the ideal return on investment you?re looking for?
What type of rentals do you prefer?
How do you continue to grow your customer base (the amount of people you can sell a property to)?

Well since money is always the bottom line and not all buyers have cash to buy (and you should never expect or rely on that solely), expanding the pool of investors and buyers you can sell to comes down to having contacts. If your buyers don?t have the contacts or the cash, you will need them. So four simple things you should do are:

Make contacts with good mortgage brokers and use them to qualify buyers
Make contacts with good hard money lenders to qualify investors (noobs)
Make sure these brokers and lenders can close deals quickly
Make sure you know the process inside and out so you can expedite the process
Lastly, you may look for ads that offer rehabbed homes for sale. For example, if you see a for sale ad that says, ??renovated? or some variation, call that number and begin the process of adding that individual to your buyers list. Visit the property to get a completely true feel for what they look for. This can be a very effective way of getting investors who are actually involved in performing on a contract because they already have demonstrated the ability to do so!

Always remember that you?re running a business. Every successful business has a well-defined strategy for marketing, sales and growth. Real estate investing is no exception!

?2006 noobdogs.com

Time Is Money For Real Estate Investing

A popular phrase is that time is money. I’m sure you’ve heard that - right?

Well let me ask you something, if time is money, then how are you investing your time in your real estate investment business? Is it a profitable investment?

Are you doing things that will bring a return on your investment or are you wasting the one equal resource among all of us? With so many opportunities available to us, sometimes it’s easy to get caught up watching what everyone else is doing instead of minding our own business. See, as a real estate entrepreneur you must constantly be on guard to always respect and honor your time.

So, allow me to go over the areas that you should be investing your time. These areas are the most important areas for you to see real growth in your real estate investment business.

First, you should focus on your marketing systems to continuously bring you leads of motivated sellers every single month that will beg you to buy their home. The marketing of your business is the lifeblood to its growth. As you are first starting out, you may have a limited budget; therefore you must focus on low cost, direct response strategies to get people to act immediately. Then, as you complete a few deals, re-invest a percentage of your profits back into your business for marketing.

Next, you must focus on building relationships. Everyone that you meet may know of someone that you could help out. When you think of building relationships, think about the people that see motivated sellers all day long and work to build alliances with these people as they can refer you business every single month. After all, many of these businesses are advertising and it’s impossible for them to assist everyone that comes through the doors. For example, if you develop a relationship with a mortgage company, they could refer you leads of homeowners that are in default that call trying to refinance before they are foreclosed on. You could by their house to stop the foreclosure. See, these types of loans are almost impossible to do and you could be helping the mortgage company by taking care of their customer. And as a result, you’ll get repeat business.

The next area I want to discuss is mastering the art of negotiations with motivated sellers. You must first learn to build rapport with each seller before talking about any numbers relating to the house that you’re looking to purchase. It’s a proven fact that negotiations will go better for you if the party likes you. So, find an in that you can talk about with the seller, then slowly move into talking about the house focusing on a solution for the pain they are going through by owning the property.

Finally, last and certainly not least, your exit strategy becomes one of the major pieces to this puzzle that you must master to creating big paydays. Many times this can be a tougher area to crack because all your focus has been on how to acquire the deal and not on how to sell it. Just look at most real estate forums and you’ll see everyone wants to focus on the latest, greatest way to acquire a deal. Master your exit strategies and create a systemized approach to getting out of deals in record time.

So, if you want to grow your business to where you are doing 1-2 deals or more per month then you need a system that is constantly working for you bringing you deals in every month. These systems help to take the guesswork out of what you should do next. Now, invest your time wisely creating systems in these four areas and watch your real estate investment business grow!

About the Author

Derek Pierce, full time Real Estate Investor, shows
you the exact strategies to his success in his Free Book: “How I
Went From Corporate Guinea Pig To Real Estate Success”. Get
your copy and Real Estate Investing Tips by going to http://www.thereisecrets.com

Time Is Money For Real Estate Investing

A popular phrase is that time is money. I’m sure you’ve heard that - right?

Well let me ask you something, if time is money, then how are you investing your time in your real estate investment business? Is it a profitable investment?

Are you doing things that will bring a return on your investment or are you wasting the one equal resource among all of us? With so many opportunities available to us, sometimes it’s easy to get caught up watching what everyone else is doing instead of minding our own business. See, as a real estate entrepreneur you must constantly be on guard to always respect and honor your time.

So, allow me to go over the areas that you should be investing your time. These areas are the most important areas for you to see real growth in your real estate investment business.

First, you should focus on your marketing systems to continuously bring you leads of motivated sellers every single month that will beg you to buy their home. The marketing of your business is the lifeblood to its growth. As you are first starting out, you may have a limited budget; therefore you must focus on low cost, direct response strategies to get people to act immediately. Then, as you complete a few deals, re-invest a percentage of your profits back into your business for marketing.

Next, you must focus on building relationships. Everyone that you meet may know of someone that you could help out. When you think of building relationships, think about the people that see motivated sellers all day long and work to build alliances with these people as they can refer you business every single month. After all, many of these businesses are advertising and it’s impossible for them to assist everyone that comes through the doors. For example, if you develop a relationship with a mortgage company, they could refer you leads of homeowners that are in default that call trying to refinance before they are foreclosed on. You could by their house to stop the foreclosure. See, these types of loans are almost impossible to do and you could be helping the mortgage company by taking care of their customer. And as a result, you’ll get repeat business.

The next area I want to discuss is mastering the art of negotiations with motivated sellers. You must first learn to build rapport with each seller before talking about any numbers relating to the house that you’re looking to purchase. It’s a proven fact that negotiations will go better for you if the party likes you. So, find an in that you can talk about with the seller, then slowly move into talking about the house focusing on a solution for the pain they are going through by owning the property.

Finally, last and certainly not least, your exit strategy becomes one of the major pieces to this puzzle that you must master to creating big paydays. Many times this can be a tougher area to crack because all your focus has been on how to acquire the deal and not on how to sell it. Just look at most real estate forums and you’ll see everyone wants to focus on the latest, greatest way to acquire a deal. Master your exit strategies and create a systemized approach to getting out of deals in record time.

So, if you want to grow your business to where you are doing 1-2 deals or more per month then you need a system that is constantly working for you bringing you deals in every month. These systems help to take the guesswork out of what you should do next. Now, invest your time wisely creating systems in these four areas and watch your real estate investment business grow!

About the Author

Derek Pierce, full time Real Estate Investor, shows
you the exact strategies to his success in his Free Book: “How I
Went From Corporate Guinea Pig To Real Estate Success”. Get
your copy and Real Estate Investing Tips by going to http://www.thereisecrets.com

Improve Your Real Estate Investment Business By Becoming Part of the Real Estate Investing Community

Everybody who starts a business is constantly aware, jealous, or leery of the competition right down the street. What are they up to? Why are they doing it? Here is an idea for you as you start your career in the lucrative field of real estate investing ? go talk to them and find out for yourself! Don?t be afraid or feel like you are losing an edge or some other inaccurate emotion, go down the street and find out what they are doing so you know what works!

The funniest thing about entrepreneurs is the constant feel that they must one up the competition or fall behind and be crushed forever. However, most people that become a massive success in the business world will tell you that they reached the point where they are because they attended an insane amount of conventions and seminars to find out how people got to where they were. The reason that people become successful is not by accident, it is by hard work and determination through a proven system, and you have to learn that system.

Join real estate investing clubs, attend real estate investing seminars, pick the brain of every real estate investing professional that you can come in touch with, you will not regret it! Introduce yourself to every person that you bump into and tell them what it is that you want to do; they can point you in the right direction. Once they know who you are and what you are looking to do they can add you to their mind?s list of people to call when they are in that particular situation ? this is what you need! Become the ?guy who does? what ever it is that you want to do. Create a name for yourself and make a fortune in real estate investing.

Real Estate Investing - Matching Buyers with Properties

One of the things you have to consider as a real estate investor is matching buyers with properties that you acquire. When you develop a buyers list for your properties, whether you?re trying to wholesale or rehab, you will find that the simple saying, ?Different strokes for different folks,? applies. Some of the different ?strokes? might be low-end rentals, high-end rentals, multiple unit rentals, and rehabilitation projects.

The different ?folks? will often match these properties. For every investor, there is a niche they specialize in. If you want to wholesale properties, it?s up to you to offer the greatest spread of properties to fellow investors. Also, you must take into account, your regular home buyers (owner-occupants).

Part of any building block of a business is to identify the target market. For instance, with this site, we identified the people who would be visiting it most likely. We tailor the articles with content that is basic in order to meet the ?customer? needs. We don?t overload the articles with complexities, but we do offer the basic 1-2-3 steps for beginning a real estate investment business or a business in general. Part of this required developing a ?character? for our visitors. In doing this, we are constantly developing new avenues of interest that we think our visitors will benefit from, including hard money financing (coming soon).

So, for matching buyers with properties is to simply define what each potential buyer prefers. When you decide to advertise for buyers, you might put out ads like this:

Deep Discounts-Properties need Rehab, Priced to Sell, Call XXX-XXX-XXXX

or

Excellent Cash Flow Rentals offered at Discounted Prices, Call XXX-XXX-XXXX

This may attract buyers who are looking for rehab projects. Thus, you?ll be matching rehabbers/contractors with properties in need of rehab. However, when the phone starts ringing, you?ll need to distinguish the type of homes each potential buyer wants. For instance, some might want 4 bedroom, 2 Bath, high-end rehabs, while others will want your basic ?bread and butter? home, 3 beds and 1 bath. Also for the second advertisement, you?re looking for landlords. Additionally, you?ll need to identify the different areas each buyer will consider.

You may also run an ad like this:

Stop Renting-Starter Homes Available-Mint-Discounted Prices Call XXX-XXX-XXXX

These buyers might be your owner-occupants that are currently renting that you?ll add to your buyers list. Part of your strategy here might be buying, rehabbing and selling them yourself.

Of course, running one ad might be most economical:

Deep Discounted Properties for Sale, Home Buyers, Investors Call XXX-XXX-XXXX

Now, how do you determine what each investor/buyer wants? You may ask the following questions:

What type of property are you looking for?
Specifics? (# of bedrooms, baths, rooms)
What locations are you primarily interested in?
Have you closed on properties in these areas before?
What are your overall objectives for properties you buy?
What is the ideal return on investment you?re looking for?
What type of rentals do you prefer?
How do you continue to grow your customer base (the amount of people you can sell a property to)?

Well since money is always the bottom line and not all buyers have cash to buy (and you should never expect or rely on that solely), expanding the pool of investors and buyers you can sell to comes down to having contacts. If your buyers don?t have the contacts or the cash, you will need them. So four simple things you should do are:

Make contacts with good mortgage brokers and use them to qualify buyers
Make contacts with good hard money lenders to qualify investors (noobs)
Make sure these brokers and lenders can close deals quickly
Make sure you know the process inside and out so you can expedite the process
Lastly, you may look for ads that offer rehabbed homes for sale. For example, if you see a for sale ad that says, ??renovated? or some variation, call that number and begin the process of adding that individual to your buyers list. Visit the property to get a completely true feel for what they look for. This can be a very effective way of getting investors who are actually involved in performing on a contract because they already have demonstrated the ability to do so!

Always remember that you?re running a business. Every successful business has a well-defined strategy for marketing, sales and growth. Real estate investing is no exception!

?2006 noobdogs.com

Improve Your Real Estate Investment Business By Becoming Part of the Real Estate Investing Community

Everybody who starts a business is constantly aware, jealous, or leery of the competition right down the street. What are they up to? Why are they doing it? Here is an idea for you as you start your career in the lucrative field of real estate investing ? go talk to them and find out for yourself! Don?t be afraid or feel like you are losing an edge or some other inaccurate emotion, go down the street and find out what they are doing so you know what works!

The funniest thing about entrepreneurs is the constant feel that they must one up the competition or fall behind and be crushed forever. However, most people that become a massive success in the business world will tell you that they reached the point where they are because they attended an insane amount of conventions and seminars to find out how people got to where they were. The reason that people become successful is not by accident, it is by hard work and determination through a proven system, and you have to learn that system.

Join real estate investing clubs, attend real estate investing seminars, pick the brain of every real estate investing professional that you can come in touch with, you will not regret it! Introduce yourself to every person that you bump into and tell them what it is that you want to do; they can point you in the right direction. Once they know who you are and what you are looking to do they can add you to their mind?s list of people to call when they are in that particular situation ? this is what you need! Become the ?guy who does? what ever it is that you want to do. Create a name for yourself and make a fortune in real estate investing.

Time Is Money For Real Estate Investing

A popular phrase is that time is money. I’m sure you’ve heard that - right?

Well let me ask you something, if time is money, then how are you investing your time in your real estate investment business? Is it a profitable investment?

Are you doing things that will bring a return on your investment or are you wasting the one equal resource among all of us? With so many opportunities available to us, sometimes it’s easy to get caught up watching what everyone else is doing instead of minding our own business. See, as a real estate entrepreneur you must constantly be on guard to always respect and honor your time.

So, allow me to go over the areas that you should be investing your time. These areas are the most important areas for you to see real growth in your real estate investment business.

First, you should focus on your marketing systems to continuously bring you leads of motivated sellers every single month that will beg you to buy their home. The marketing of your business is the lifeblood to its growth. As you are first starting out, you may have a limited budget; therefore you must focus on low cost, direct response strategies to get people to act immediately. Then, as you complete a few deals, re-invest a percentage of your profits back into your business for marketing.

Next, you must focus on building relationships. Everyone that you meet may know of someone that you could help out. When you think of building relationships, think about the people that see motivated sellers all day long and work to build alliances with these people as they can refer you business every single month. After all, many of these businesses are advertising and it’s impossible for them to assist everyone that comes through the doors. For example, if you develop a relationship with a mortgage company, they could refer you leads of homeowners that are in default that call trying to refinance before they are foreclosed on. You could by their house to stop the foreclosure. See, these types of loans are almost impossible to do and you could be helping the mortgage company by taking care of their customer. And as a result, you’ll get repeat business.

The next area I want to discuss is mastering the art of negotiations with motivated sellers. You must first learn to build rapport with each seller before talking about any numbers relating to the house that you’re looking to purchase. It’s a proven fact that negotiations will go better for you if the party likes you. So, find an in that you can talk about with the seller, then slowly move into talking about the house focusing on a solution for the pain they are going through by owning the property.

Finally, last and certainly not least, your exit strategy becomes one of the major pieces to this puzzle that you must master to creating big paydays. Many times this can be a tougher area to crack because all your focus has been on how to acquire the deal and not on how to sell it. Just look at most real estate forums and you’ll see everyone wants to focus on the latest, greatest way to acquire a deal. Master your exit strategies and create a systemized approach to getting out of deals in record time.

So, if you want to grow your business to where you are doing 1-2 deals or more per month then you need a system that is constantly working for you bringing you deals in every month. These systems help to take the guesswork out of what you should do next. Now, invest your time wisely creating systems in these four areas and watch your real estate investment business grow!

About the Author

Derek Pierce, full time Real Estate Investor, shows
you the exact strategies to his success in his Free Book: “How I
Went From Corporate Guinea Pig To Real Estate Success”. Get
your copy and Real Estate Investing Tips by going to http://www.thereisecrets.com

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