Category: Uncategorized

  • Real Estate Investment Property Sales UP in 2015

     

    The folks over at the Keeping Current Matters blog released a great INFOGRAPHIC with long awaited news for RE Investors.

    Investment-Homes-KCM

    Some Highlights:

    • 2015 marks the first year-over-year increase in investment home sales since 2011.
    • 62% of all investment homes purchased were single family homes.
    • The South saw the highest percentage of investment home sales (39%) with the West coming in second (28%).

     

     

    Check out the full article at The KCM Blog

  • 3 Ways To Generate Business On A Budget

    FlowchartGraphic-MarketingWithout a doubt, there are tons of ways to market your real estate business.  People find themselves in search of the most cost effective way to get the best result. The trick is getting your buck-to-bang ratio just right.
    These items may sound simple but they are proven.

    #1 Business cards

    No matter what your style, whether you are simple or fanciful, use business cards like mini fliers in the beginning of your career. They are great leave behinds and more importantly they are physical, unlike email or spam.  The trick is to really use them; if you are serious about your business give out at least 2 cards a day.  Somehow you should have convinced yourself that these card recipients can turn into business either directly or indirectly. No cheating on the 2 a day rule!

    #2 Craigslist

    On a budget there is no better way to make your phones ring than by utilizing the power and reach of the internet. Sites like Craigslist are volatile in a sense you never know what or who you will get. There are lots of great people on CL, however you must know your business or you may be taken for a long ride off a short pier.  A very common example is in construction.  If it sounds too good to be true, it always is. The low barrier to entry will bring vendors of all kinds. Super low estimates almost always lead to additional issues before you’re done. Transportation is a common issue. “Well, I can charge you 50% less than the other guy, but you’ll have to get the supplies to the site.” What, why? You expect to pay for a project, go away, come back when its done and cut a check. That’s the whole point, right? But an unprofessional contractor will leave you doing every minute part of the project exception the actual physical labor.  The list goes on: cash deposit, lines of credit, start/stop time for the job, cost overruns and more! If a job is botched and the money is spent, someone who works day to day can’t afford to give extra time for no more money. But these issues are nothing compared to price gouging! Lady buyers, beware! Some contractors will try to get away with as much as they can, visualizing dollar signs as soon as they see you coming. Gentlemen, same message as the to the ladies, don’t let them go into the speech about “being in the trade for 15 years blah blah blah…” Sometimes you need all new stuff and sometimes you just want a couple steps repaired.  The realty of the business is, that it is not for the timid. If you are shrewd you will find away around, over, or through whatever obstacles come your way. Shop, shop, shop and comparison shop some more. Always get at least 2 estimates for any job. One from a CL vendor and one from a phone book vendor.
    My last word on Craigslist: Please beware and know your stuff. Its a useful tool but only if you know how to use it and are prepared for the time involved.!!

    #3 Direct Mail – My personal favorite method to make your phone ring

    The Postcard is my marketing piece of choice! It can be read by anyone and the intended recipients doesn’t need to open it. It offers instant gratification and to someone looking to make a transaction this is a welcomed start. The keys are:

    • the list
    • the ad
    • the Marketing Mix
    • use of metrics
    • tweaking those metrics
    • and most importantly, REPETITION

    Certainly this is not a free method, but a campaign can be scaled to match any budget. Everyone in our company has become expert marketers and data analysts. We can easily turn a $2,500 marketing investment into a 10x payoff. Using our integrated telephone and CRM systems, we can generate and manage 450 phone calls a week, port those calls into our system and qualify leads right from our cell phone. A well thought out mail campaign can jump start you from “thinking about getting into real estate” into a serious investor in no time at all.

     

    Call us today to get you started. No tricks, games or guru gimmicks. 443-296-3062!

  • The Casino

    One of the driving mechanisms which contributed to the creation of this book, was the sheer number of people who inquired as to how we do what we do. They ask us to explain real estate and its many nuances and caveats in a twenty minute conversation or better yet in a series of emails. The best way to explain the real estate market from an investor standpoint, is to compare it to a casino.

    Everyone is familiar with casinos from personal experience or movies etc. The image of a huge glitzy structure with movement and money whirling around is a great description of both a Casino and a Marketplace. The terms “market” and “Casino” are interchangeable and consist of many of the same parts. These parts include; a place to do business (either physical or virtual), the players, the games, the house, and management.

    A Place to Do Business

    In the world of gambling and casinos there are huge physical structures to house the games. In real estate the city is your inventory, and the marketplace you create is virtual. We commerce, communicate and cultivate through email, text, fax and although we do meet face-to-face , from time-to-time, a great deal of interaction is done virtually. We created www.CashinMyhouse.net and www.Mdhomebuyerlist.com as our virtual market place. This was our first casino.

    The Games

    Blackjack! Ha when we think of casinos, we think; poker, slots, craps, and all the many games in which to make our fortunes, or lose our cash to an unrelenting “house”. The house is the casino and stays open 24 hours a day to give or take money, usually the later. Which game to play is the first question a gambler/investor must ask themselves. Each game has rules, barriers to entry, levels of math, and levels of experience. This is why one of the first games people learn to play is the slots. This is also consequently why the slots have the worst odds for you and the best odds for the house.

    In real estate there many games such as ‘wholesaling, rehabbing-and –flipping, landlord/hold, notes, lease options, REO, HUD sales, tax sales. There is transactional funding, money lending, auctions, agents, and professional services. Obviously not every game is for everyone at all times. The better one gets at real estate, the more experience one acquires the more choices are available as to which games to play. In this book we focus on showing you how to make money using a technique called wholesaling.

    This is the process of flipping the contract and never taking possession.

    The Players

    Of course in Vegas the Players those who have cash to temporarily investment in a game of chance for profit or loss. The main parts in any real estate transactions are the buyers and sellers. The buyers and sellers are comparable to the economic laws of ‘supply and demand’. In real estate, the main players are the buyers-and-sellers in any given deal. This is very straight forward and if you want to be a player. One must poise themselves in position of supply-and-demand or in other words a buyer-or-seller. This is not hard if have the funds but how can one become a member of the game/establishment if they don’t have any money to spend or houses to sell.

    Management (the House)

    FIRST! The house in real estate is good ole Uncle Sam because he always gets his cut, and we can furthermore associate Uncle Sam with our local municipality. Know the rules in your area! There is no excuse for ignorance but there is a cure. Use websites or make phone calls but each game has it’s own rules.

    The people who keep the casino/market place running are the professionals. These professionals are the banks, private money lenders, brokers, wholesalers, investors, title agents, inspectors, builder’s developers, and their likeness. Together the management is great at putting players together. For without players, there would be no game.

    We obviously can’t teach everything at one time. Learning the wholesaling game will give you the base you need to move on to any of the other real estate casino games. The skills used in wholesaling are; project management, negotiating, researching, marketing, and hustling. You will also learn how to close deals with the help of your trusty title company. Additionally, many people love wholesaling because after the deal is done you get paid and move on. Most other techniques require more commitment, but consequently yields a bigger, risk vs. reward ratio. Learn our proven methods of how to make money the green group way.