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How To Find Motivated Sellers On Facebook
To find motivated sellers on Facebook, you can follow these steps:
- Join Facebook groups that cater to real estate investors, wholesalers, or homeowners in distress. These groups are a great place to network with potential sellers and find out about new opportunities.
- Advertise your services on Facebook. Use Facebook Ads to target people who live in specific areas, have recently moved, or have shown an interest in real estate investing.
- Connect with people in your network. Reach out to your friends and family and ask them if they know anyone who might be looking to sell their property.
- Offer your help. If you see someone posting on Facebook about their financial struggles or their difficulty in selling their property, reach out and offer your help.
- Be persistent. Building a network of motivated sellers takes time and effort, but with persistence, you can find the opportunities you’re looking for.
Remember to always be respectful and professional when communicating with potential sellers on Facebook. Building relationships and earning trust is key to success in real estate investing.
10 Simple Ways To Build Your Buyers List
Here are ten ways to build a buyers list for real estate wholesaling:
- Networking: Attend local real estate events, meetups, and conferences to connect with potential buyers and build your network.
- Online advertising: Utilize online advertising platforms such as Facebook, Google, and LinkedIn to target potential buyers and promote your properties.
- Direct mail: Use direct mail to reach potential buyers with targeted marketing materials, such as postcards or brochures.
- Referrals: Ask for referrals from current buyers, as well as from real estate agents, lenders, and other professionals in the industry.
- Database: Build and maintain a database of potential buyers, including their contact information and preferences for property types and locations.
- Website: Develop a professional website that showcases your properties and provides information for potential buyers.
- Social media: Utilize social media platforms, such as Twitter and Instagram, to promote your properties and engage with potential buyers.
- Open houses: Host open houses for properties you have available for wholesale, and gather contact information from attendees who may be interested in future opportunities.
- Telemarketing: Make use of telemarketing to reach potential buyers with information about your properties and your services.
- Collaboration: Work with other real estate wholesalers and investors to pool resources and build a shared list of buyers.
10 Steps To Wholesaling Houses
Wholesaling a property can be a lucrative venture for real estate investors, but it can be challenging if you don’t have any money to invest. Fortunately, there are several ways to start wholesaling properties without having to invest any of your own money. Here are ten steps to help you get started:
- Develop a strategy: Before you start wholesaling properties, it’s important to develop a clear strategy for your business. This could include identifying your target market, determining your niche, and setting achievable goals.
- Build your network: Building a network of real estate professionals, such as real estate agents, investors, and contractors, can be crucial to success in wholesaling. These individuals can help you find properties, negotiate deals, and make repairs.
- Learn the market: In order to be successful in wholesaling, it’s important to understand the local real estate market. Study market trends, property values, and the types of properties that are in demand.
- Find motivated sellers: Motivated sellers are individuals or businesses that need to sell their property quickly and are willing to accept a lower price for it. These can be the best opportunities for wholesaling properties.
- Learn about contract assignments: Contract assignments are a key component of wholesaling properties. You will need to understand the process and be familiar with the forms and contracts used in your state.
- Build a buyers list: A buyers list is a list of individuals or businesses that are interested in buying properties. Building this list takes time, but it is essential to your success as a wholesaler.
- Negotiate deals: Once you have found a motivated seller, you will need to negotiate the terms of the deal. This involves determining the purchase price, the closing date, and any contingencies.
- Market the property: Marketing the property is crucial to finding a buyer. Use social media, your website, and your network to get the word out about the property you are wholesaling.
- Close the deal: Closing the deal involves finalizing all the details of the transaction, including signing the contracts and transferring the ownership of the property.
- Make a profit: The final step in wholesaling a property is to make a profit. The profit is typically made by buying the property at a lower price than what it will be sold for.
In conclusion, wholesaling properties without any money can be challenging, but it is not impossible. By following these ten steps, you can develop a successful wholesaling business and start making money in real estate. Just remember to stay focused, be persistent, and always keep learning.
Beginners Real Estate Investing: Escaping Investor Anxiety
Here are some of my best beginner real estate investing tips…
One of the main reasons that beginner real estate investors never get going is fear of failure, or fear the unknown. So many times new investors would rather live with a known bad situation, than put there neck out for an unknown outcome. Including outcomes that more often then not will end up better than where they are currently at in life.
One of my favorite, yet most saddening quotes is by Henry Thoreau “Most men lead lives of quiet desperation and go to the grave with the song still in them”.
Don’t be one of those men or women. Instead, live the life of this other Thoreau quote “I have learned, that if one advances confidently in the direction of his dreams, and endeavors to live the life he has imagined, he will meet with a success unexpected in common hours”
One of the tools that I have used to get beyond the ordinary, small life of quiet desperation is weighing my opportunity cost. Failing to weigh the opportunity cost of not doing, can leave you living your life like a paper weight.
Opportunity cost is the cost of what you are doing compared to what you could be doing. Example: If your time is worth $30/hr, and you take a day off work to sit around on your butt, then your opportunity cost for sitting on your butt is $30/hr. You are essentially paying $30/hr to sit on your butt.
This relates to real estate investing because if you could be making an extra $20,000 a year as an investor, then your opportunity cost for doing nothing is $20,000 a year. Essentially, most wannabe investors who have become paralyzed by fear are paying at least $20,000 a year, to remain in the “getting ready, to get ready” state of mind.
Take a few moments and write down the things that you have been giving up in your life in exchange for giving into your feelings of fear. What is your fear costing your everyday. For many of you it may be costing you:
- The great feelings of satisfaction from living the life of your dreams.
- An extra $20,000 a year that could take you from living a life of scarcity to living the life of your dreams.
- Paying for you child’s education
- Allowing retirement 15 years earlier. Think of all that you could do with 15 years of life.
The list could go on and on. Please take a few moments to write out what fear has cost you. Taking your thoughts down from your head and onto to paper will allow you to experience your thoughts with you senses. If you can come up with a list of 20 things that your FEAR is costing you, you will be well on your way to gaining the needed leverage to improve your life.
Secret Tips For REI Club Meetings
Having buyers is one of the most important part of the real estate wholesaling success equation. One of the quickest ways to meet investors who can later turn into buyers is by attending real estate investment club (REI Club) functions. The fees to join your local real estate investment club will vary, but I can promise you that investment clubs are well worth the money.
To get the most out of attending REI Club functions it will be very important to step out of your shell and meet the other investors in the group.
Here are a few thing to keep in mind when attending your local REI club meetings:
Remember that you have 2 ears and 1 mouth for a reason.-Try to listen twice as often as you talk. If you have not noticed yet, people love to talk about themselves, so let them.
Don’t try to be right– Even if you here the “Old investing pro” say something wrong, do not jump into correct him. People do not like to be corrected, and will often lash out at you if you try to make them look bad.
Have your success stories ready– Now do not confuse this with bragging, or tooting your own horn. Instead subtly drop your past success stories into the conversation to spark interest. If you have made another investor a lot of money tell that story. Maybe, you have found some great deals for another investor, talk about those great deals.