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Archive for the ‘Flipping Houses’ Category

Real Estate Investing Web Sites - New Upgrade Available

Friday, May 29th, 2009

We just completed the most ambitious upgrade yet delivering real estate investing web sites that are capable of adapting to any investing needs.

In case you don’t have one of our web sites, maybe a short introduction is in order…

These are database-driven, point-and-click web site for real estate investing that run and automate your business and work for any investing model. No expertise is needed to operate these web sites.

We are quickly on our way to becoming the market leader

We release new upgrades from time to time, and the section below covers only new features. Full features are given on our web site at http://RealEstateInvestorsWebSites.net

New Features

1) Ability to create custom forms to collect ANY information you want

Now you can create any type of forms without limitations.

Every time someone fills your form, you will get an email (if you choose to) and get all the information is logged on your web site.

AND if you want to send sequentially timed, follow-up autoresponder messages, you can create unlimited messages for each of your forms so you communicate with
your buyers, sellers or prospects hands-off; freeing up your time to make more money or have fun.

This is a huge asset for your marketing campaigns, or even when you feel one of our existing forms does not entirely serve your needs.

Examples

a) Create a form for your “squeeze page” and add them to a carefully timed sequence of autoresponder messages to convert them from leads to closed deals

b) Compliment your buying and selling houses with any other service you offer, e.g. “We Buy Notes” or to collect leads for your mortgage business, etc

c) Create a brand new web site with new pages and new forms that collect only the information you define

2) Added features when selling or wholesaling houses 

a) Allow other investors to post their properties on your web site

 

Let’s say you strike a deal with another investor to get a cut if you get them a buyer. This form will come in handy - they will enter all the information including pictures, videos and documents. You can create your own network where other investors also post their deals to your web site

b) Display your properties on other web sites

If you work with other investors, you can now display your properties on their web site. This will increase exposure and build your buyers list faster

c) Upload documents for your properties

Now you can include comparable sales, contracts, and other documents with property listings and choose if you want to display them to the public or keep them private. This is a tremendous asset for selling quickly

d) Import Buyers List

If you have an existing buyers list, you can easily import it to your web site so you maintain your subscribers in one convenient location. You do not have to manually enter your buyers one by one.

e) Allow someone to edit one property

If you are working with a partner (say managing a rehab), you can allow them access to that one property so they can both update it, while you still retain full control

3) Add Google Analytics

See exactly where your traffic is coming from and lots of other information to optimize your marketing campaigns. This helps to put your marketing dollar where you get the highest returns.

4) Upload files - pictures, audio and video

When you edit text, now you can add pictures, audio and video with a few clicks

5) Email handling enhancement 

a) Easily send your deals to your buyers list with a few clicks

 

Every deal is pre-populated with a pre-drafted email template complete with pictures ready to send out

b) Narrow down your buyers list

Easily select which investors to send a deal to by the states, metro regions, counties or cities they buy from

6) Add unlimited reference notes and automated reminders

On each record - Motivates Sellers, Buyers List, Private Money Investors, Properties, etc, you can make any notes and if you want, automate a future reminder so you are reminded of some important event on the day when you need it.

Examples:

- Say you need to check with the title company in 2 days to make sure title work is expedited; just log that note reminder and you will receive it at 7 am on the day to follow up

- Say John Doe in your buyers list bought 123 Main Street, and you need to check in 3 days that all the funds have been wired to the title company for closing- just automate it

Of course, we cannot list down everything in an email. It’s all detailed at

http://RealEstateInvestorsWebSites.net

We have a lot more coming shortly… stay tuned…

 

Have a great day!

Simon

How to Flip REOs & ShortSales

Wednesday, December 10th, 2008

Hello Fellow Investors,

The rage these days is everyone is trying to figure out a way to Flip Short-Sales and Reo’s. Currently in my market in North Jersey there are great deals to be had if you know how to go about doing them.

First off, ignore the Lawyers or Realtors that say you ” Can Not” do something. What they really mean is that they just don’t know how, so in their mind it can’t be done.
Saying that, the easiest way to Flip a Short-Sale or REO is to do a same day close. Meaning you close a deal from the Seller (A ) to yourself ( B) and then from yourself ( B) to your end buyer ( C ). This is what would be called the normal Same Day or Double Close, A-B, B- C

Now this of course requires that you have an end buyer lined up to close with, and also that you have the correct clauses stating that if the first deal doesn’t go through, the B-C transaction does not take place and the funds are not released. This is a very nice way also, because that also makes it risk free.

The obstacles you face are making sure you have an end buyer lined up. Making sure you get the property at a good price to sell it to either an end investor or Retail Buyer. If you are going for the Retail Buyers than you can be more flexible on your price and still offer the Retail buyer a house below the current market value.

Another obstacle you will face is that if an end Buyer has a FHA loan this can not be done as easily. Title seasoning comes into play and is usually around 90 days. So to make your life easier stay away from any buyer that comes with an FHA loan.

Most deals fall through because all parties are not aware a flip is taking place. If you are very transparent in your contracts and upfront of your intentions with the bank and also your end buyer and their lenders this will work. The main reason deals don’t happen is because C’s lender wants to know why their buying from B which is you instead of directly from A.. Making sure they know why before any questions can arise is the key.

If you would like any questions answered or things further explained please contact me.

Take Care,
Jarred

Where do these properties come from? Why are they so cheap? How do i buy them?

Tuesday, November 11th, 2008


Where do these properties come from?

These properties are posted by real estate investors who would like to sell their properties at a discount. A home seller can post their house for sale here directly without going through a real estate investor. However, this service is designed for investors to buy and sell discounted properties.

The process goes something like this:

  • Wholesale investor (”Wholesaler”) locates property from a motivated seller
  • He puts it under contract
  • He then takes this contract to the title company to get the title work done
  • You (investor), buy the house from wholesaler or take over their contract for a fee and close on it yourself, or buy the property from the investor in a double closing (simultaneous closing)

You end up getting the property at a huge discount with very little work.

Why are they so cheap?

Most of these properties come from distressed home owners (motivated sellers), such as home owners facing foreclosure, going through divorce, job loss, job relocation, illness, or simply cannot afford to keep making mortgage payments.

Sometimes they just need to get rid of the house, but cannot afford to do the repairs needed, or simply don’t want to do it. They therefore accept to sell the houses at a discount for a quick and easy closing.

This discount is passed on to you as an investor.


What makes these deals good?

No deal can posted on our network unless it leaves at least 15% equity, AND at least $15,000 in profit after it is fixed up. For example, a house worth $100,000 must leave at least $15,000 after it’s fixed up in order to qualify to be here. We try to make sure that each deal has the potential to make you money.


What makes these deals better than I can get from other web sites?

These properties come directly from other investors. They are not listed in the MLS or the local newspapers.

Therefore, there is less competition, so you can buy them at a truly profitable bargain.


Why would an investor sell their house at wholesale price when they’d just fix and sell for big bucks?

Each investor has their preferred way of making money in real estate. Some are so good at locating great deals that they cannot possibly handle to rehab all those houses!

It’s much easier for them to make quick money by wholesaling and move on to the next deal.

Sometimes a lot of investors fix and sell, but they still wholesale when their schedules cannot allow them to rehab, or when the number of houses they have makes it impossible to do so.

This has created a unique opportunity that will be very profitable for you.


What if the cost of repairs and After Repair Value are not true?

Our local partners look at each deal manually to make sure it meets our guidelines, both by profitability and the numbers given.

In addition, we give you a guide of the value of the house by requiring that the investors provide the county appraisal value as well as the estimated After Repair Value.

A lot of times you will find a link directly the property record at the county. We then provide you with comps from zillow.com on each property. We also provide you with enough analyzed information to quickly decide if it’s a deal or not.

Armed with all this information, you can then make a quick judgment; in any case, we always ask you to run your own comps to assess the true value of these properties.

If you cannot run the comps yourself, we link you up with real estate agents in your local market who can run comps for you.

We present all this information for you on a simple page in an easy to understand manner so you spend as little time as possible agonizing if the deal is good or not.

Of course we also encourage you to physically go see the house yourself to make sure the repairs are not misrepresented.


What information is available to me as I view the properties to help me make up my mind?

We allow the seller to put in as much information about
the house as possible including:

  • Number of bedrooms, baths, stories, etc. You can also find this information at county records
  • After Repair Value as estimated by the seller, county appraisal value (and link to county records), estimated comps from zillow.com
  • Repairs needed and estimated cost of repairs
  • Pictures
  • Video - some investors also prefer to upload video on youtube. These videos are available directly on the house property page
  • And a lot more…
How do I buy these houses?

You have to contact the seller directly to buy the house. We provide you a way to send them an email as you view the properties, and also provide a phone number for you to contact the seller.

Generally, most of these properties are not listed for owners by real estate agents, but you may find convenient links to recommended real estate agents, service providers and hard money lenders if you need their services. You may find these on our directory of vendors (service providers).


Do I need a real estate license to do these deals?

No, you do not need any license to be a real estate investor, or even a wholesaler. Real Estate Investors do not represent anyone, so you do not need a license to make money investing.

Real estate agents (Realtors) represent clients in real estate transactions (so they need a license).

 

How does the current market affect me as an investor?

Distressed properties and foreclosures are at an all-time high. Which means the time to buy really discounted properties is now.

You cannot have a better time than now to buy some unbelievably discounted and profitable deals.


How would I buy the deals if I have bad credit?

You can still make money from them even if your credit is bad.

Most of the deals listed here qualify for hard money. We recommend the most reliable hard money lenders who can get you funded in a few days.
They lend money based on the property, not your credit. Most do not even pull your credit. With most hard money lenders, if you can fog it, you can qualify.

Of course, you can bring your own cash, money partner or private lender to fund your deals.


Can I post my own house for sale?

Yes, anyone can sell ther house on our web site as long as it provides a discount for a real estate investor to make a profit.

Click here to post your house to sell it

How To Attract Private Investors Cash To Buy Houses

Sunday, August 17th, 2008

When you buy and sell houses, having a ready and cheap source of cash that has few restrictions places you in a position where you decide which houses to buy and which not to buy.

If you like it, it’s funded!

That’s the beauty of private money.  

You can buy houses that other investors can never touch, such as those that involve creative financing (such as taking over payments). Such deals sometimes require that you have some money to make up for back payments, make mortgage payments, etc. Funding these from your pocket can become a challenge and the number of deals you can do will be limited by the amount of money you have.

 It is therefore necessary to attract private cash investors for your deals. It’s for this reason that we created a web site specifically targeted for attracting cash investors for your deals - a  Cash Investors Web Site.

Should you attract cash investors to a web site where you also buy and sell houses?

Most cash investors are used to being pitched by the big boys who have well trained, smooth marketers for this purpose only. They do not spare any expense to impress htese investors.

When you are looking for investors, the last thing you need is to look like you are fumbling around not sure what you are doing. You must come across as a polished professional who is successful in buying and selling houses.

If a potential cash investor has any reason to doubt your capability, you are not getting his money. 

What do you think a potential cash investor will think of you when you send them to a web site where you also buy and or sell houses?

Most likely you will come out looking sloppy - and you might lose a source of cash that could grow your business tremendously. 

We highly recommend that you get a separate Cash Investors Web Site specifically targeted for the most important part of your business - attracting cash that fuels your success.

Should you buy and sell houses from the same Real Estate Investors Web Site?

Sunday, August 17th, 2008

Should you send motivated sellers to the same web site where you sell houses?

The simple answer is “NO!“.

The key to successful prospecting is speaking to the conversation going on in the person’s mind.

Obviously the needs of a motivated seller are very different from those of a person looking to buy a house. A motivated seller is going through some real tough times and needs to get rid of their problem - their house. A successful web site for buying houses must do nothing short of providing targeted solutions for motivated sellers in a sensitive manner.

Winning the heart of a motivated seller so they can sell their house to you takes one key engredient - they must be able to trust you. You must come out to them as someone who can solve their problems. Having a web site that specifically addresses just the solutions to their problems puts them in a position you must learn to love - they want only you to buy their house.

On the other hand, a house buyer is going through relatively better times than a motivated seller, sometimes looking for their dream home. These two people are worlds apart. Combining the buying and selling houses in the same web site would be killing the prospects of winning the hearts of the majority of potential sellers - and you will make less money as a result.

Most successful investors  (most gurus and teachers also) will tell you that you need at least two web sites at the bare minimum.

Buy only web site - This is the kind of website that you use only when you are buying houses

Sell Only  web site - This is the kind of web site you use when you are selling houses

 Of course this is just the minimum; you also need to attract private money to finance your deals. When you know you have access to unlimited cheap funds that you control for any type of deal you want, real estate investing becomes a lot of fun.

The type of deals you invest in is not limited by rigid underwriting rules (such as those of a mortgage company). If you like a deal, it’s funded. This is the reason why a Cash Investors Web Site is a necessary part of your investing power tools.

House Flipper  web site - If you are an investor who is strong on wholesaling houses, most likely you will need a web site that allows you to sell houses at a discount to other onvestors. A house Flipper web site is specialized just for this business model.

Provide Feedback

Friday, August 15th, 2008

We need your feedback. Let us know what you think!

You are here because:

  • You have bought or sold a property though EquityPropertyDeals.com
  • Or maybe you are just using the service but has not bought or sold any properties yet
  • You are a service provider that is getting leads through our service

What do you think about this service?

In particular, please address these issues in your comments:

  1. How do you use equitypropertyDeals.com in your business?
  2. How has it contributed (if at all) to your business?
  3. How much money, if any did you make or have you made?
  4. How easy (or how hard) was it to use the service?
  5. Would you recommend it to your friends?
  6. What, if anything, would you like to see improved? Any new features or functionality you’d like to see?

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