Other Ways To Add To Your Income

You may be just starting out, or you may be doing 5 deals
per month, but I can pretty much imagine that you wouldn't
turn down yet another
income stream, would ya?

Didn't think so.

Here is something I've been doing that adds an additional
$110 to my bank account with each person I deal with (usually
either a renter and/or buyer --I'll tell ya
why I'm targeting this group of people in a bit). But before I let you in
on the secret, I'll tell you that it's one of the easiest
ways to make money ---without any high-pressure sales tactics
and best of all....it costs me NOTHING!

Again, it costs me not 1 red cent, but yet, I'm making $110 each and
every time with each "sale"....

What have I been doing?
Well, when someone purchases
or rents a home, the next thing to get after getting the water & lights turned
on is to get some kind of TV service.
For every tenant, buyer, and tenant/buyer that I come in contact with,
I refer them to Dish Network (they're cheaper and offer better
packages compared to cable). So, it's a no-brainer. And every time they
order (after I give them the contact info with my affiliate ID), I get an easy $110.

This is the perfect opportunity for anyone in the real estate
business: investors, builders, agents, mortgage
brokers, contractors.........
You get the idea.

Interested in earning easy money like I've been doing?
Then click the banner below to get started!

How To Talk To Sellers Over The Phone

Quick, put away all of your Carleton Sheets scripts you use
to talk with sellers.
If you haven't noticed by now, using those 101-Question scripts
is a bit of over kill.
Imagine just for a minute what a seller, that calls one of your ads,
is thinking when you fire out those redundant bullets....
Even worse, you call them.

See?

Don't worry, I fell into that trap too.
I always wondered why I had to ask the square footage of the garage and
what color the curtains were.
...well, not really, but you get my drift.

These days, when I have a seller on the other end, I'll ask about as many
KEY questions as I have fingers on my right hand.
Any other facts I gather will result from asking them.

Depending on the "flow" of the conversation, here is how Italk with
real estate sellers:

1. How long have you lived in the house?
Their answer will tell you a lot. If they say something like, "Ah...about a couple
of years now.", then you know they're somewhat motivated already. I'm sure
they didn't go through all the hassles of looking for, financing, buying, and moving into a home all to move out a mere 2 years later.
This is also a slick way to somewhat guess the amount owed and their equity position,
assuming they paid the conventional 10% down.

2. What were you looking to do?
Well, duh....they're looking to sell. Yes, true. This question usually opens up
their reasons WHY they're selling. Gurus teach you to ask them why they're selling.
I can tell you, seeing that you haven't met them YET, they may see this as a "shock"
question, seeing that they don't even know you.

3. What are you needing from the sale?
This could open up answers like, "Just the payoff"..."Enough to pay it off, plus
about $3,000 to move"..."Someone to take care of it, because I'm being transferred"...

4. How soon do you need this done?
If they say, "Yesterday" or "Now"...you've got a motivated seller.

5. What are you going to do if it doesn't sell?
This is where you listen, carefully.
Their answer will help you determine your acquisition & exit strategy.

Obviously, I may ask more questions, but I can say this...
Whatever question I'm asking, it will fall into or be similar to these
listed above.

Hope this helps.
If you'd like more tips and strategies for dealing and speaking with
sellers, I HIGHLY suggest this "Lifesaver"
It'll virtually eliminate most of your concerns and have you
sounding like a pro.

Regards....

Simple Tools For Getting Started

Just like a mechanic or carpenter, having tools makes any endeavor much
easier.
Leverage is the key to maximizing your efforts.

You really don't need to break the bank to get started.
Simple marketing materials such as bandit signs, business cards, flyers,
or perhaps even a website are just a few of the cheaper ways
to get your name out.

You can even get 250 top-quality FREE business cards here.

You just pay the shipping.
Not only can you get business cards, but you can pretty much order any of your marketing material there.

I can remember when I 1st started out, I wasn't using a website.
Even though they aren't necessary, having one does add credibility and also
makes gathering information MUCH easier.
Newbies and seasoned investors, alike, are using websites
these days.
And why not?
They're super cheap and can do so much for you.
Consider it as your "constant salesman"....it's constantly getting the word out about
your business 24 hours a day, 7 days a week.
You can be asleep, spending time with your family, or watching the latest episode
of your favorite show --all without interruption.

I'll be back with some more later.....

What's Your Niche?

When people hear of real estate investors, the image of a wealthy person with millions of dollars on hand probably comes to mind. But remember, all investors had to start out with their first property. There are many types of real estate investors, and various avenues to consider. All investors fall into two main categories, short-term and long-term.

Some short-term investment strategies include, rehabbing, foreclosure aquistions , and wholesaling . Investors who concentrate on these areas have fine tuned methods of seeking properties that are in distress. They often have a contractor or fix-up crew on call, and are able to complete projects within a 60 day period. Once a project is complete, the repaired home is ready for the open market.

Long-term investment strategies include land-lording, condo conversions, commercial leasing, and subject-to . These methods are attractive because they offer cash flow and income over an extended period of time. Also, the opportunity is present to take advantage of leverage to acquire other properties.

According to the National Association of Realtors, investors make up 25% of the homebuying population. That means one out of every four buyers is an investor. These are people who have recognized the value of having real estate as a part of their investment portfolio.

Just Getting Started?

If you are just starting out , the one thing you must determine is your plan.
What type of real estate investing do you want to pursue?

Wholesaling?
Pre-Foreclosures?
Subject-To?
Rehabbing?
Landlording?
Mobile Homes?
Bird-Dogging?

I know it can be a daunting task just by trying to figure out how
you're going to carve out your niche and finally kiss that
boss of yours good-bye.

If I had to start over again, knowing what I know now, I would focus on
just 1 niche.

There's no telling how much time and money I wasted trying to learn
1,001 ways to buy and sell houses.
Having all this information and knowledge made me $0.

So, if you're just finding your way into the world of creative real estate
investing, do yourself a favor....

1. Sit down and evaluate your financial position.
Can you afford to buy and hold property? Yes?
Well...can you afford to fix that property when it's
in need of a new furnace? No?
Can you afford to make those mortgage payments for each month
that you're starving to find a buyer or tenant?
No?
Then don't even consider becoming a landlord!

2. Write down your short-term goals.
How much cash do you want to generate within the next couple of months?
How many people do you know in the real estate industry?
Do you have any financial contacts and resources?

3. Write down your long-term goals.
How much do you want or need to make to replace your current income...and then some?
What are you doing today to achieve this?

4. Now that you've narrowed your niche, research the topic and find
a book...a course....a mentor....something --to give you an idea as to how
you're going to achieve your goals. See if you can find what fits your
needs >here<

5. Take action!
Taking action is without a doubt the biggest killer of fear. It doesn't matter
if you're buying houses within your 1st month or not.
Start small. Buy some business cards...place an ad...tell everybody you know what
you're doing....SOMETHING.
You'd be surprised just how much taking little action steps will get you
motivated.
Besides, I can guarantee you this:
You won't make a dime by sitting on your butt, reading about real estate investing.

Ask me how I know.

Til then.....