Build It – They’ll Come

2015-5-16-260From Dave Ludena, Real Estate Rockstar…

Did you ever see the Kevin Costner movie Field of Dreams? Really great movie… back when Kevin Costner actually made good movies.  

The gist is that this guy took a leap of faith to pursue a vision despite criticism, obstacles and the actual “facts” that were visible. It was that vision and faith that propelled him. It’s a rare person it seems that can do this.

Why?  

Usually because most people need to SEE it BEFORE we believe it.

A little reminiscing to get to my point…

10 Critical Steps to Fix and Flip Success Part 2: Find that Deal

2015-5-19-260Hey guys, it’s Torsten Coulson again, bringing you back to our series on fix and flips.

Last time, we talked about who the heck I am and how to take that first critical step toward fix and flips. So if you missed it, you should check that out. I shared some cool stuff about me and my REI experience, plus some awesome great REI info, too.

As for today, we’re moving on to critical step #2, which is actually finding that deal.

How? I thought you’d never ask…

Keep Your Wholesaling Business Simple

2015-5-12-260From Tom Nardone, Millionaire Mailman … 

This is not a complicated business. Do your best to keep it as simple as possible.

Once you understand the basic mechanics of how real estate works, the basic fundamental becomes getting a house under contract at 30-50% below the market.

In order to do this you must be a good marketer and a good negotiator.

Since the marketing is the first step let's address it in this post.

Keep your marketing simple

Buy & Hold 101: Different Types of Cash Flow Rentals

2015-5-5-260Hey, guys, Sperber here, back in action. So we recently kicked off this series with the First Steps to Owning Cash Flow Real Estate and today we’re jumping back in the saddle by going over various types of cash-flow rentals.

We have lots of good stuff to cover so let’s get going…

#1 Single Family Homes

By far, the favorite and most traditional rental property is the single-family home. They're the best, in my opinion, as far as long-term investments go. They're obviously easier to manage and maintain.

They have the highest demand from both from renters and investors. Investors will buy them and homeowners will buy them as well. But when we're talking about rental purposes (when you can have someone paying your mortgage on a single-family home while it's appreciating and your principal is being paid down if you have a loan on it), then you're looking at profits across the board…

How to Close a Deal with Your Eyes Closed

2015-4-28-260From Dave Ludena, Real Estate Rockstar…

Well, maybe with ONE eye closed. Unless you’re a pirate. Then you would be doing it blind.

Today I want to teach you how to tap into your subconscious mind in order to ensure your progress and success. We could work on the surface and focus on the to-do list stuff… meaning all the actions, and we certainly can get there that way, but we’d likely reach some resistance.

OR we can start using this awesome computer between our ears to program our success.

Google an image of an iceberg and one of those will no doubt show a picture with the top protruding on the surface – you know, the part you see (or don’t see if you are steering the Titanic). But below the surface is the much larger part of the iceberg.  

Our mind is like that.

10 Critical Steps to Fix and Flip Success: Defeat the Unknown

2015-4-21-260Hey, guys, it’s Torsten Coulson here. Most of you are probably thinking, “Who the heck is this Torsten guy?” and with good reason, because this is actually my first time writing here at Clever Investor. But, I’m thrilled to be one of the lucky mentors who get to connect with you guys on an ongoing, monthly basis.

And, for my first contribution here, I would like to go big and start a series of posts that will walk you through what it takes to fix and flip houses – my core specialty and the main focus of my real estate investing endeavors.

But first, let me tell you who the heck I am and a bit of my experience…

Who is Torsten Coulson?

Evaluating the Value of a House When the Comps Are All Over the Place

From Tom Nardone, Millionaire Mailman …2015-4-14-260

I recently got a call from a seller in Key Largo… She said she wanted to get $250K for her house. She said there were houses on the next block from her that were selling for more than a million dollars!

BTW - If you have never been to the Florida Keys, go there, its paradise!

I look for excuses to go the Keys whenever I can to make offers on houses. The coconut trees and Pina Coladas and 80 degree weather in January are all awesome! I can just hear beach music playing in my head… ah…so nice.

But I digress…

Back to business…

So, living just 90 minutes from Key Largo, I figured I would go for a few hours and meet the sellers and see what’s biting. (Wink wink, that’s a fishing term.)

Buy & Hold 101: First Steps to Owning Cash-Flow Real Estate

2015-3-31-260Hey, everybody, today we’re kickin’ off a terrific series that’ll cover the nuts and bolts about Buy & Hold properties and even dig deeper, too…

In fact, we're going to absolutely crush this topic… First, we’ll cover the definition of buy, fix and stay and how to prepare yourself to become a landlord because it’s extremely important. Then we're going to talk about the extra power team members you're going to need when holding long-term rentals.

To get things started now, we’re gonna talk about buy, fix and stay along with the benefits of holding long-term rentals.

Defining Buy and Stay

Buy and stay is exactly what it sounds like. It's owning a property with the intent of allowing somebody else to utilize that asset in exchange for compensation. Your compensation is often referred to as rental income. Rentals could be either residential or commercial, but we're going to focus on residential today.

3 Angles of a High Performing Investor

2015-3-24-260Hi guys, Franklin Cruz here – REI Drill Sergeant and Mentor …

In the real estate investment biz, high performance is all about strategy. And one of the best ways that I’ve learned over the years to successfully plan my selling and buying strategies is to create a High Performance Triangle….and to work the system like the investing ninja that I am!

Not Your Typical Polygon

So what does this High Performance Triangle look like? If you’re a visual person – and most of us are – take a look at this 3-sided wonder. It will be your best friend from this day forward. 

Integrity

The bottom of the triangle, the segment that serves as the foundation and basis for the triangle as a whole, is integrity.

Setting Goals the Smart Way

From Craig Fuhr, The Fix & Flip Artiste …

One of my favorite questions for new investors is:

“What do you want to make next year with your real estate business?”

I’ll get answers ranging anywhere from $100,000 to $5 MILLION bucks. Now listen, NO ONE would ever accuse Craig Fuhr (yes, I did just refer to myself in the 3rd person) of being a dream stealer. I love dreaming big – but $5 MILLION? C’mon, dawg!

The bigger question is:

“Why does this person think they need to make $5 million?”

As you sit down to contemplate your goals for 2015, you should first think about why you got into the business of real estate investing…

Ask yourself, “Why am I doing this?”

Most people answer, “I want more freedom in my life.”

I’m down with freedom and being able to live the life you want, but do you really think you’ll have a lot a freedom while building a $5 MILLION dollar per year business? Forget about the 5 million – do you think you’ll have much freedom while building a $300,000 per year business?

Maybe – but only if you first get a serious grip on the amount you need to make versus the amount you want to make.

A Quick Story

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