Idaho Real Estate

Real Estate Foresight, Education, Tools & Support Lead to Success

 

This real estate investing article is thoroughly designed to re-introduce you to the post- bubble real estate investing world of today. Most of your old books, manuals, courses and education materials on real estate investing are severely deficient in addressing the new methods of real estate investing today; the principles haven’t changed but the methods and opportunities sure have.

 

Today’s real estate investor uses technology, networking, mastermind alliances, asset protection measures, automated prospecting, buying and selling systems as basic tools to greatly increase efficiency and productivity. One rule however hasn’t changed: “Buy Low, Sell Higher”

 

Gone are the days when you buy one month and flip the next for fast profit. Today you’ll find bulk R.E.O’s, short-sales, wholesaling, leasing with options to buy, owner financing, loan modifications, deeds in lieu of foreclosure, tax lien investors and so forth. Look for more and more auctions and automated short selling systems designed to expedite the process of liquidating excess property inventories at rock bottom prices.

 

Private money is king. Hard money lenders and people with liquid cash or dry powder as it’s called are in positions buying properties in some cases at 11 cents on the dollar! It’s already happening; bulk REO packages selling 50, 100, 500 or a 1000 or more distressed, repossessed homes at a time are selling to institutional buyers and wealthy privately connected buyers every day. Homes that on average originally sold to unqualified buyers for ,000 now routinely sell for ,500 when bought in bulk at 50 or more. That’s 50 x .500 or 5,000, not the heyday price of ,250.000.

 

Today’s investor is a lead generating machine, one who sifts through volumes of properties and parcels out leads in all directions depending on the method best suited to dealing with the property in question. The words “A real estate investor gets paid when they solve a problem” have never been more true than today.

 

Beginning real estate investors: Beware, the sharks are in the water and there is blood in the streets; bottom feeders are quietly buying the cream puffs in these deals and re-parceling out the dogs to the unwary. Take time to learn and understand before you begin buying. Learn from people who know and are willing to tell you how to approach these markets. Millions are being made but not by the uneducated and unconnected.

 

Today is the day that you’ll understand whether or not you’ll use real estate as another road to wealth. Here is where I introduce you to a well traveled and mapped out highway to predictable prosperity, it’s time tested and been proven to work, let’s see if you can simply follow the map which will guide you to this new stream of income.

 

I’ll be your opportunity guide, the person who directs you into the fast-lane while you methodically leave that old 9 to 5 behind. All success begins with a plan; real estate is just a tool you use in planning an overall approach to living a well balanced and satisfying life. Once you find your sweet spot in real estate you’ll be one step closer to succeeding with near perfect performance in an enjoyable and prosperous endeavor.

 

Currently you’ll find that the world is on sale and everything is negotiable, your ability to find, negotiate, structure, manage and market real property is the key to cashing substantial checks along the way. As with any trip it pays to plan and prepare properly by first knowing and understanding the rules of the road while easily avoiding the obstacles and roadblocks along the way.

 

If you’re currently employed then keep that position until your real estate profits overtake your monthly take home pay by twice your current salary, then bank six months worth of wages before you contemplate leaving that old 9 to 5 in favor of fulltime investing. You may even choose to use real estate investing as a secondary income stream while you keep the regular J.O.B. (Just Over Broke). It is suggested that you have seven independent streams of income in order to truly be insulated against unforeseen circumstances that lead to chapter 11.

 

Rule number one is “Keep your overhead low” Your new offices will be considered your car, your home and local public places, these are all fine venues to carry out general duties and are considered ordinarily acceptable work spaces for the mobile investor in today’s real estate game.

 

Remember this phrase ‘There are Riches in Niche’s”  and there are a great many specialties to choose from in real estate, you should strive to become a specialist in 2 or 3 areas of expertise but not so many that you fail to master the fundamentals of each niche. You don’t want to be a one trick pony but you don’t want to be the proverbial jack of all trades and master of none either.

 

You have no doubt heard that all successful people are most often masters of time management; it will serve you well to learn from the best right from the start while you refrain from constantly searching for new mentors to teach within the same subject areas. Limit the amount of differing advice that you get from competing resources so that you can maintain your focus on one proven step by step approach that has already been proven to work by following an existing blueprint, there is no need to recreate the wheel, use existing systems to leverage and compound your success and progress.

 

Start by finding a guide, someone who has already researched, found and verified qualified resources that are proven success models, from here you can begin building your team. T.E.A.M. = Together Everyone Achieves More. There is no such thing as competition; you should consider it co-opitition or co-operating competition. There is plenty of opportunity for everyone, don’t let a scarcity mentality spoil your journey.

 

There is an old saying in real estate and it states “ You get paid when you solve a problem” seek to be a problem solver and a solution provider throughout your networks and areas of operation and you’ll find greater opportunities to be of service throughout the your day.

 

Here are a few of the choices you have to provide service in real estate: bird-dogging, foreclosure investing, creative finance, seller financing, owner financing, no money down,  private funding, notes & mortgages, commercial, residential, raw land, judgments, liens, flipping, wholesaling, sub2, auctions, probate, lease purchase, options, tax strategies and a great deal more.

 

The key is goal setting and we’ll make it easy, starting out with just 30 minutes a day to read one chapter of real estate educational materials to help you fully prepare within 90 days to begin doing profitable deals while saving you time, money and frustration.

 

Believe it or not, it only takes a short while to understand the principles, cement the concepts, instill the fundamentals and begin to build your network while designing your plans and preparing to implement your strategy using precise tactics to own your specific niche in real estate.

 

The entire blueprint can be found at www.BeARealEstateHeavyWeight.com  and it is guaranteed to work when you do.

 

 

 

US Environmental Protection Agency. Breathing Easy: What Home Buyers and Sellers Should Know About Radon. EPA 402-C-03-002. The video satisfies a long-standing need for a short visual educational tool on how to best include radon in residential real estate transactions. With a bit of light humor, the video covers the basics, including radon science, the lung cancer risk, home inspection, building a new home radon-resistant, testing and fixing a home, disclosure, state radon offices, hotline and web resources, and key radon numbers, eg, EPA’s action level and the US indoor and outdoor averages. The primary audiences are home buyers and sellers, and real estate sales agents and brokers. Home inspectors, mortgage lenders, other real estate practitioners, and radon services providers will also find the video helpful. Single copies of the video are in VHS, CD, and DVD formats [ask for (EPA 402-V-02-003) (TRT 13.10)]. Producer: Environmental Protection Agency. epa.gov. Creative Commons license: Public Domain.

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