Real Estate education is very important, if you are serious about being a real estate investor today. I just attended Dean Graziosi Real Estate Seminar.
I am working on real estate education about fours per day and marketing my real estate websites and blog to create buzz. I am learning how to use Social Media daily and getting better at it. There is so much information out on the internet, I have to be aware of all my opt-in request for free information/ebooks too.
In this tricky market it is more important than ever to decide on your exit strategies
before you even make an offer.
I am experimenting with several different ones to see which one or ones work best in this
cash-poor market.
Strategy #1:
Buy and wholesale to another investor
Been difficult since my offers are 14 days close and the banks are so creepy about
assignments. Have tried using trust assignments with some success but still not perfect.
Bill Bronchick suggests we use LLCs.
Strategy #2
Buy, and close using the one-day dough people. In Aug we are having a webinar about
how to do that. You have to have your buyer already in the wings who is ready to put up
the money before you close so it’s a smooth double escrow.
Strategy #3
We are trying this one right now. I bought a fixer at a good price and am going to hold
an onsite auction 30 days after closing.
Strategy #4
Buy, rehab and sell to an end user - have to line up a hard money lender who won’t pick
your pocket.
Strategy #5
Buy, rehab, and qualify for new loan. Then you can rent for some amazing cash flow,
Section 8 or do a lease with option or do a wrap.
All of these can work. Trying all of them to get a cookie cutter formula that I can rinse
and repeat. Follow my blog to see how I do.
This is why I started the T.A.R.E.I.C. and Blog :
I know nothing in life is free and work is a requirement. I want to help other people like myself .
I created this blog to journal my real estate investor experience. I have bought so many different kinds of so-called guru strategies, systems, programs, training, workshops, seminars, and etc. Well, just can not keep up with the math of real estate.
I have to admit, I enjoy learning and I will not pay for something that I can find on Google or the next guru's presentation. I am tried of getting bits and pieces of information and there it no way to connect-the-dots or the back of the meeting room so-called 'upgrade' that cost three-times as must as the first training....I don't have a 401k , IRA/Roth IRA, or Net Egg account.
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