Bandit Signs

- - Flipping

retro_robot_custom_sign_right_13672

Bandit signs are essentially miniature billboards, you love them or you hate them. The corrugated plastic signs on the side of the road advertising “we buy houses” or “I buy houses,” these do actually work. Now the average person needs to see your message five times before they respond. So don’t get frustrated if you don’t get calls immediately. Here are some bandit sign tips.

Continue Reading

The Three-Tiered Offer

- - Getting Started

contract_pressure_sign_text_10626

Make sure that you’re getting down to business in any transaction by asking these questions. “If I pay you all cash and close quickly, what’s the least you would accept?” And that’s always followed by, “Is that the best you can do?” Now, if you’re not using these words to get to the bottom line quickly, you’re wasting valuable time.

Continue Reading

Need a Deal? Drive for Dollars.

- - Getting Started

DrivingDollars

The process of driving targeted subdivisions with the intent of locating “for rent” or “for sale by owner” signs, distressed and/or abandoned properties, that’s what we’re doing it for. We want to see if there’s any deals out there that maybe we’ve missed. When driving for dollars, there are several red flags you should pay attention to.

Continue Reading

What is Wholesaling?

- - Getting Started

how-to-wholesale-real-estate

It’s when a wholesaler puts a property, normally distressed, under contract and assigns or resells the property to another investor. The end buyer investor uses cash, lines of credit or hard money loans to close on the transaction, which allows for quick closing on properties that sometimes need repair.

Continue Reading

The 2016 Mastermind

- - Entrepreneurship

IMG_9485

This is me and some of my most successful clients and partners golfing today at the famous Coeur d’ Alene golf club.

The times have changed, but the real estate climate remains profitable. What’s more, is this week has given me an opportunity to reflect. Today, 7 people have joined me here in Coeur d’Alene Idaho for our Mastermind session.

Continue Reading

Why do people borrow private money?

- - Getting Started

 

"WHY" 3D text surrounded by question marks. Part of a series.

While institutional lenders are very picky about the borrower and the property, private money lenders look at the appraised value, the borrower’s experience; not credit, the equity in the property, and the exit strategy. All conventional banks are going to underwrite you as a borrower. Private money lenders underwrite the deal for the collateral or the security. It’s a very different ballgame.

Continue Reading