I’m excited to have Mitch Stephen back again today to talk about LiveComm.
As you know Mitch is the author of the book “My Life and 1000 Houses”. He also has a brand new book called “My Life & 1,000 Houses: 200+ Ways to Find Bargain Properties”. You can find both books on Amazon.
So why does a successful real estate investor who is the author of 2 books decide he needs to create one more thing? We are going to dive into the reasons behind the creation of this service and the ways it can be used by real estate professionals everywhere.
Today’s show is about how 1 newbies closes 8 deals in 8 months. My guest is someone from right here in my hometown of Louisville, KY, Marina Sud. Marina has been a full time investor since August of 2014, and she has already closed 8 deals. One of those deals had a really big payday, but I’m going to let her tell you about that.
Marina has been a student of mine since since since last September, and I couldn't be prouder of her!
If you are brand new and you are struggling to get your business off the ground, this podcast will definitely give you a healthy dose of inspiration. Marina is living proof that you can be a “real estate newbie” and start closing deals right away. Read the rest of this entry →
Today is the 5th post in my series “Success Stories in Real Estate Investing”and the spotlight is on rehabbing pro Shaun Reilly from Newton, MA. Shaun is also a buy and hold landlord. One thing I find interesting about Shaun's business model is that he is willing to take on houses other investors think are too risky.
Here are the 5 questions each of these successful investors answered:
What are the top 3-4 things a brand new investor should focus on initially?
What is the best marketing advice you can give someone just starting out?
What factors do you attribute your success to?
Is there something you wish you had done sooner or done differently when you first started your business?
Do you have any tips for newbies for managing their mindset during those inevitable “ups and downs”?
Real estate investors (especially wholesalers) can never have too many cash buyers. In fact, you should always be building your buyers list. Most of the time when you have a smoking hot deal you can just go right to that coveted list and find a buyer.
But what do you do when you have a house under contract and no one on your regular buyer's list wants this particular property because it just doesn't fit their buying criteria? Where can you quickly find a cash buyer?
I Have a Solution for You!
They are hidden in plain sight. You can find them on the tax assessor's site. There is a wealth of information on this site, but one of those hidden treasures is a whole bunch of cash buyers. Several times over the years, I have put a house under contract that my regular cash buyers didn't want, and I would need to find a buyer another way.
You could market the house on Craig's List or one of a number of other ways. I can tell you this strategy is great for finding folks that already own property right in the area your house is located in.
How to Use Your Tax Assessor’s Site to Find Cash Buyers
Normally I would pull out a map and look at the streets about 2-3 blocks in every direction. But in this case when I first looked up the street “Lincoln”, I only needed to look on this particular street since there were so many owners that were obviously investors. I had a list of potential investor buyers in less than 30 minutes.
I sat down and printed off some oversized postcards and got them in the mail the same day. I used oversized cards to make them stand-out from the rest of their mail, and using colored card stock made them stand out even more. I sold the house in a matter of days and had another quick closing.
Here's a Video to Walk You Through the Process
Do you have other creative ways to find cash buyers?
If you haven’t already subscribed to the “Inner Circle”, be sure to do that today so you don’t miss any of the business building tips I have coming your way. I want this year to be your best year ever! And if you enjoyed this article, please share it.
I'm happy to have another issue of “Successful Women In Real Estate Investing” for you today. The spotlight is on Tracy Royce who is an Arizona real estate investor and and both a short sale and pre-foreclosure expert. One thing that is really unique about Tracy is that she worked for other investors before opening her own business. She really took advantage of the “earn while you learn” model. Even though there aren't nearly as many short sales as before, she has continued to work in the pre-foreclosure niche.
You might remember that I recently did a podcast with Tracy. If you missed that episode you can listen to that By Clicking Here….
I love the answers that Tracy had for my 4 questions. Check those out below.
I have to tell you; I love doing this series on “Successful Women In Real Estate Investing”.
I am on a mission to change the way so many women think about this business. It is traditionally viewed as being a “man's business”, but there are so many women quietly (or not so quietly in some cases) making a huge difference in real estate investing today.
One of those highly successful female role models is real estate expert Susan Lassiter Lyons. You might remember that I interviewed her a few weeks ago for a podcast about finding private money partners for your business. If you missed that show you can Click Here to listen to the podcast.
Susan was able show everyone how they too could raise private money for their business. Because of her expertise, I was really happy that she shared her ideas for my successful women series. This real estate expert has a no holds barred attitude when answering my 4 questions.