wholesaling, co-wholesaling and joint ventures

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Wholesaling Co-Wholesaling Joint Ventures

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Post on 23-Aug-2014

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Real Estate


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www.lauraalamery.com - for more free training! You will learn: • How to Flip a deal in 3 weeks even if you have no properties or buyers today; • No money or credit needed, not even for marketing; • The 5 Steps System - Just "Rinse & Repeat " - to make money in 7 days by co-wholesaling; • The 3 Best Ways to Locate Properties and Buyers Fast (so you can close a deal even faster!) • Joint Ventures (JV) - how you can bring in money partners and where to find them; and much more

TRANSCRIPT

  • Wholesaling Co-Wholesaling Joint Ventures
  • Why invest in Real Estate?
  • What type of RE Investor are you? Beginner? No Experience at All Intermediate? Done Some Deals Advanced? Living Off your Real Estate Investing Efforts
  • What to Expect How to Flip a Deal in 3 Weeks No Money or Credit Needed, even for Marketing The 5 Steps System to Co-Wholesaling The 3 Best Ways to Locate Properties Fast Joint Ventures How to Find Money Partners
  • About me Profession: Real Estate Investor and Mentor Developed Several real estate strategies from personal experience Started: REI 1987 Real Estate Broker licensed in Hawaii, Missouri and New York You have to learn the rules of the game. And then you have to play better than anyone else. Albert Einstein
  • My first year in real estate investing
  • US Housing Forecast
  • Step 1: Build a Qualified Buyers List Step 2: Locate Properties Distressed Sellers Go to the source ** Direct Approach ** Step 3: Run Comps and Due Diligence
  • Step 4: Purchase the Property Title Company Considerations Negotiation Tips Step 5: Present the Property to your Buyers List Qualified List is Important Use MLS as last resort Loophole Contingencies on Sale Contract
  • Step 6: Secure Financing with Transactional Funding & Close Important Recommendations for setting up a wholesaling machine Organize and Automate Delegate Take action
  • Wholesaling $5,000+ BirdDogging $1,000+ Assignments $2,500+ Profit Potential
  • Step 1 Find Possible Partners - Bandit Signs - Craigslist Look for Trigger Words - Google wholesaler + your city Step 2 Selection Process - Investors with properties and/or buyers - Cash Investors (see JVs later)
  • Step 3 Sign Co-Wholesaling Agreement Step 4 Locate Buyers and/or Properties Step 5 Sign Sale Contract Rinse & Repeat
  • Where is the money?
  • Why do you need Private Money? Buy properties directly at auctions Purchase property with 100% financing Liquid-ready funds can secure bigger discounts Fix and Flip instead of just Wholesaling Equity sharing using OPM Become a hard money lender to other investors
  • Set Expectations Sources of JVs: When you look for co-wholesalers Research recent cash sales Referrals by agents, mortgage brokers, title companies Networking social media & club meetings
  • Sign Agreements Confidentiality Non Competing Establish Ownership & Distribution One LLC per property Money secured by Deed of Trust
  • Business Organization Team Development Education Gather Tools and Information Pre-Action Plan
  • Action Plan Step 1: Decide on a Geographical Area (zip codes, neighborhood) Step 2: Decide on 1 Strategy at a Time Focus and Conquer!
  • Action Plan Step 3: Start Building your Buyers List 1 Strategy at a Time o Cash Buyers Strategies o Drive For Dollars o Internet Lead Generation Step 4: Follow Up Strategy o Autoresponder o CRM Realtyjuggler.com
  • Action Plan Step 5: Set Up Goals o 3 Contracts a Week (Wholesaling) o 10 Properties under contract by Rule of Thumb Profits: $5,000+ per Wholesale Deal $2,500+ per Assignment $150+ per Door (Buy & Hold)
  • Lauras Recipe for Success Rule of 80/20 80% time dedicated to money making activities 20% time dedicated to non-money making Focus Delegate Automate Earn More and Work Less!
  • You cannot Think your way to Success! Take Action! Be your own boss Grow your income Save for retirement Work less & earn more Financial Freedom!
  • My 4 Hour Workweek
  • Recent Success Story
  • Why Investing in Real Estate Now? Fortunes are Made in a Recovering Market Low Cost of Starting a Business 92% of the Money is made in Real Estate 80% of Net Worth is from Real Estate (Census Bureau)
  • Rapid REI Riches Live Online Classes Starting July 1st >> Sign Up Today > Recap & Action Plan > Sign Up Today