Real Estate Investing Facts

To make money as a real estate investor, you really only need 2
things:

1. A motivated seller

2. Know how to do no-money-down deals

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Let’s deal with the first one. A motivated seller can be found in many ways. But some ways can be more effective than others.
Here are some places where you can find them:

1. For sale by owners (FSBO)

These are sellers who choose to sell their properties without the help of a realtor. Most of the time, these people want to save the realtor commissions.

These sellers find themselves overwhelmed by phone calls from
realtors who haggle them to list their properties with them.

So by approaching them as an investor (using some of my proven phone scripts) you can quickly find out whether they are motivated sellers and then proceed accordingly.

Where can you find them? Newspaper classifieds, craigslist, online classifieds, kijiji.com, “House For Sale” signs.

Disadvantages – finding a motivated seller in this category can be done, but it’s usually a hit and miss situation. Out of 100 FSBO’s you can be lucky to find 1 that is motivated enough to make a decent profit with.

2. Expired listings

These are properties that were listed on the MLS, but have not sold. And their listing contract with the realtor has expired which allows the owner to sell property on their own.

Well actually, under most listing agreements, the realtor who
had the listing is still entitled to his/her commissions up to 3
months or more after the listing has expired.

If you are looking for a motivated seller, it is actually quite
difficult to find one here because you have to consider why the property didn’t sell for so long in the first place.

And also, you have to fight with a bunch of realtors who are again haggling the seller to re-list their property.

3. Foreclosures

Foreclosures are found listed on the MLS.

Sometimes you can get a good deal from these. But if you have actually gone through the process of trying to buy one, it can be a complete nightmare.

As I explained on my site, foreclosures are owned by the bank, and must undergo a tedious legal procedure.

The lawyers cost money, not to mention the realtor gets paid commission which both cut into your profits.

Also, after you have done your inspections, appraisals, financing, made your offer and have your offer accepted… only after all that has been completed will you be able to have a CHANCE to buy the property.

Notice that I said only a CHANCE. That’s right, you
still are not guaranteed you will get the property – for 2 reasons:

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Reason #1 – other bidders can outbid you at the last second during the court hearing even if you have your offer accepted.

And #2 even though your offer is accepted by the bank, the judge has to approve of the sale (so if he thinks you’re getting too good of a deal, he won’t let you buy it).

And oh yeah, if you are lucky and take the whole thing to the end (which actually takes months), you will need to pay for the foreclosure in cash.

If you don’t have access to a few hundred thousand dollars to play the foreclosure game, then you can forget about it.

I’m not saying you can’t make money with Foreclosures, some people do and make 10-20% of the market value.

But considering the amount of work and resources needed to make a deal work, in the same amount of time, you could have done 3-5 preforeclosure deals, made MORE money on every single one of them and most importantly, done it without using any money.

4. Pre-Foreclosure listings

If you have read my site, you would already have an idea what pre-foreclosures are and how they work.

As you may expect me to say, this is the best source to find
motivated sellers.

And I’m not saying this just to promote my site, this is from my personal experience, because I have done almost every real estate strategy known to man, and working with pre-foreclosures is by far the easiest, fastest, way to put the most money in your pocket.

Have I found motivated sellers from FSBO’s, Expired Listings and Foreclosures? Yes, which allows me to ask, “Why make 10-20% in profits when you can make 25-50% profits while doing only HALF the work – in a FRACTION of the time?”

If you don’t believe me, then I encourage you to go ahead and try all the other methods out there to see what it is really like.

Then you will see what I mean. But then again, why bang
your head against the wall when I have already shown you door that leads straight to a real estate goldmine?

So decide for yourself.

Here’s what I suggest, go ahead and join as a Foreclosure Insiders Club member (while it is still open to new members).

I am so confident that you get more motivated sellers than you know what to do with that I offer a money-back guarantee.

It just doesn’t get any better than that.

Chances are, now that #1 is basically handed to you on a silver platter, all you need to do is #2 and BAM! You’ll get big fat real estate profit checks just like mine – perhaps even bigger.

My members are already doing just that!

Aiden Win

Mr. Foreclosure

P.S. In Part 2 of this series, I will uncover the ingredient #2 that you can start using instantly to bring in the cash without you needing any to start with!

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Tags: For Sale By Owner, investor, motivated, pre-foreclosures, Real estate, seller, sellers