Real Estate Investing Facts

The old saying is “Give a man a fish and feed him for a day. Teach
a man to fish, and feed him for a lifetime.”

Today, I’m going to begin to teach you to fish.

The Most Important Strategy for finding great deals is to learn to
think backwards. Here’s what I mean:

You want to make money from real estate, right? That means you’ve got to find great deals. What is a great deal?

Find Great Deals

A great deal is a scenario that will likely lead to your making a
profit. The two most obvious things to look for are:

- Houses you can buy far below their actual value

- Houses that include very favorable financing

Let’s consider the first scenario: buying property below value.
The question you have to ask yourself is this: Why would anyone
ever sell a piece of real estate for less than it’s actually worth?

Oddly enough, there are many, many reasons for this:

- The owner doesn’t know what the property is really worth

- The owner has been trying to sell their house for a while, and they’re just ready to “get it over with”

- The property is in bad condition, and the owner doesn’t want
to fix it

- The owner is facing foreclosure and will lose the home if he/she doesn’t sell

- The owner is an “estate”, and the heirs of the estate just want to see some money as quickly as possible

- The owner is facing significant personal or family challenges
which require him to move a long distance away very quickly and so
he’ll take a low price in exchange for a fast sale.

There are many other reasons as well, but this is enough for our
example. So, continuing to “think backwards”, the next question
is: How do I find out which home owners are facing these challenges?

Let’s consider one example: Properties in bad condition. Since we agree it’s reasonable that a home in poor condition represents a potential opportunity, it follows that we need to find some of those properties! But how?

Finding Fixer-Uppers Strategy #1

One way is what some people (with too much time on their hands
do this is called “Driving For Dollars”.

It’s really simple: They get in their car on Saturday morning They then drive around in neighborhoods for hours at a time looking for properties in disrepair. Some evidence to look for is: Broken windows. Tall grass. Signs of abandonment. You get the picture…Does this work? Yes. Is it time consuming? Yes, again.

So let’s think backwards again – what is another way that we could
find properties in disrepair?

Finding Fixer-Uppers Strategy #2

Who do you know that already does a lot of driving around in your
area? Postal workers? Pest control companies? Appliance
repairmen? Etc. The point is this: You probably already know
somebody who must spend their time driving around anyway, so why not offer them a simple “bribe” to help you out?

For example: Offer them a few bucks if whenever they see a rundown property, they’ll write down the address for you and take a couple of pictures of the outside. Or maybe instead of money, you’ll buy them a nice dinner once a month or so. Pretty easy, huh? Pretty cheap, too.

Finding Fixer-Uppers Strategy #3

Wouldn’t it be better if instead of driving around (whether it’s you or someone you bribe), you could just get a simple list of properties in disrepair? Well, you can!

It works like this: Pay attention to other real estate investors you know – the ones who do a lot of rehab deals. Find out which real estate agents that they use. Then contact those agents and form a relationship with them. Why? It’s likely that the agent is finding some of the deals for your investor friends. And you can be sure that the agent wants as many ready, willing and able buyers as possible – including you! Also ask the agent for names of other agents who do a lot of fixer-upper business.

Thinking Backwards, Revisited

It you consider what has happened here, it’s pretty impressive.
At the beginning of this e-Lesson, the question was how to find
great deals. By just thinking backwards a bit, the question has
changed drastically. Now we must ask: Which (or how many) of the 3 strategies discussed above will you use to find great deals?

Now that you know how to “Think Backwards”, I challenge you to
consider other circumstances mentioned before, such as foreclosures, estate situations, etc. “Think Backwards” about each
one so you can come up multiple strategies for discovering great
opportunities of all kinds…

Aiden Win Mr. Foreclosure

Enroll Now

P.S. Another strategy is to have deals sent right to you in the
comfort of your own home. As a Foreclosure Insiders Club member,
you get access to the hottest pre-foreclosure deals, some which are perfect for a rehab / renovation project. Join Today

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There are two ways to make serious money by focusing on “price” in your real estate investing.

(Find Great Deals)

- Front-End Price – when you buy a property for 50 cents on the dollar, you’ve already won. You’ve made your money on the “front end” of the deal by buying very, very cheaply.

- Back-End Value – if you bought a piece of property 15 years ago for $100,000 and today it’s worth $200,000 then you’ve still made great income on the basis of price/value – even if $100,000 was the market value of the property at the time you bought it.

Basically it comes down to two things: Buy property cheap right now and/or allow your properties to massively appreciate.
How can these be done?

“Buying On The Cheap”

Let’s cut through the fluff. There are a LOT of sources for buying property at a low price. Here are just a few of them:

- Pre-Foreclosures
- For Sale By Owners
- Estate Sales
- Fixer-Uppers
- I could keep the list going, but the point is this:

There is no lack of opportunity for buying property at a great price.

The fact is this: If you want to buy property cheaply, there is plenty of it. And very soon, I’m going to share with you everything you’ll need to find those properties and buy them.

Just imagine: What is it going to be like for you when you are able to buy 5 more properties every single year – each of which increase your wealth by $40,000. Won’t that be helpful to you? Of course it will – and we’ll get into that here in The Real Estate Strategist very soon.

“Appreciation: Skyrocketing Values”

Okay, I’m going to be as honest as I know how. I’ve always been far more focused on generating real, spendable cash in the immediate near term. And because of that, I’m not going to tell you a whole lot about buying for the sake of appreciation…

But for me – I’ll say it like this: With few exceptions, I’d rather make a $25,000 cash profit right now rather than a $100,000 cash profit in 5 years from now.

Why? It’s easier to make $25,000 than it is to make $100,000 my time is to valuable. And it’s truly easy to turn $25,000 into $100,000 in a risk free way.

Should you buy property for long term appreciation? I’m not going to be so arrogant to tell you not to do this, because you can, and probably will, make money from that strategy. But it’s not for me…

…Instead, I’m going to teach you to make money TODAY.

Aiden Win

Mr. Foreclosure

Make Money In Foreclosures Enroll Now

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