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Finding good fixer-uppers is a skill which can make you hundreds of thousands of dollars a year in the real estate investing industry! There are lots of ways in which you can improve your cash flow and the amount of time and money that you spend on any given property. Here are some of the ways in which you can find good fixer-upper properties and avoid those common mistakes which keep people from achieving their true potential in the world of real estate investing.

Two of the most important things to start with are the location and the design of the property – a place in a popular area with a solid design is a must if you want to be able to turn the property around quickly. Think about the local transportation and infrastructure and what it would actually be like to live in the area where the property is located. Next, consider the overall picture of the property. Are there any structural issues that could lead to problems down the line? One thing that you certainly do not want to do is to spend time and money working on the foundation or the bones of the property, or pouring money into basic systems, because these aspects of a home do not provide a strong incentive to buy, they are simply expected to be there.

Remember that more often than not you are making the bulk of your profit when you buy – look for the motivated seller who is not even interested in putting the time and money into relatively minor cosmetic changes which could substantially increase the value of the property, and who is willing to sell for a price which is very competitive for the local market. Successful fixer-upper opportunities from motivated sellers will give you the highest levels of profit, so a relatively small amount of time put into researching sellers will save you a lot of time and money in the future.

Finally, arrange your financing for the property in the way which is least expensive to you. Use as little of your own money as possible when you are arranging the purchase of the property and take full advantage of loans and good financial strategies. Don’t lose the money that you are making from locating motivated sellers and excellent fixer-uppers by making mistakes on paper! Follow all of these pieces of advice and you will be able to be a big success in the real estate investing market!

PS I’ve never seen anybody do what Nate is doing and I’m excited to share this with you today…

Happy Investing,

Joseph Irons, Rock Real Estate Investments

P.S.: To learn more, go to: http://noriskmillions.com/?aff=650

While many people in the real estate investing business spend a great deal of their time chasing after leads to find motivated sellers and great properties that can be turned over for a quick profit, you should not underestimate the time that can be saved by getting at least some of those sellers to contact you. By getting sellers to contact you instead of you always contacting them, you can increase the number of potential leads that you have access to, which saves you time and money giving you the edge in real estate investing!

Advertisements are one of the most basic ways in which you can get people to call you when they are selling their properties. There are a wide range of ads that you can buy for relatively low costs: classified ads in the newspaper, large newspaper display ads, flyers to distribute in areas where you have houses for sale. You can also put up signs in the neighborhoods where you are buying and selling – these have the advantage of being both relatively cheap and not going away too quickly (i.e. they are a more permanent solution).

The world wide web is another option for getting sellers to call you. If you have the ability to put up a basic web site and draw some searches for your area this can be an effective sales tool. Save time with real estate investing by attracting the attention of people who are actively searching for real estate investing deals in the area that you serve.

Word of mouth is one of the classic ways to get people to call you when they are interested in buying or selling in real estate investing. It helps to be able to deliver a thirty second speech that introduces you, your real estate investing business, and invites people to tell their friends about you in they are interested in buying or selling real estate. You should carry cards with you to hand out at the end of this introduction so that you always make the best use of your time and make new connections.

Finally, direct mailing with postcards are another good way to inform people about your real estate investing opportunities! By using one, some or all of these various methods for advertising your services, you can get the market for real estate investing to contact you and save valuable research time!

Happy Investing,

Joseph Irons, Rock Real Estate Investments

www.belowmarkethousedeals.com www.7dayclose.net

P.S.: To learn more, go to: http://noriskmillions.com/?aff=650

Motivated sellers are what everyone involved in real estate investing is looking for; a motivated seller is someone who is very interested in selling their home. As a result, motivated sellers are the people who are the most likely to be flexible when it comes to the terms of the sale and the price point. Many people who deal in real estate investing as a business will not even bother dealing with sellers unless they are motivated sellers.

How do you find a motivated seller? You need to immediately look for information on why the person or people in question are selling their real estate. If unexpected plans have come up in a person’s life, such as a transfer at work / change of job, a divorce, or a situation where the owner of the house does not have the time or interest in upkeep of the place any longer, then the seller is more likely to work with you and give you the best terms on the location.

Remember that when you are working in the real estate investing sector, the most important thing to do is to manage your time effectively. Look for details in real estate listings which indicate a motivated seller so that you do not leave to check out a property unless you already have a good idea of what to expect. A seller who is not that motivated or uncertain about selling their property will simply lead you around in circles while they try to figure out what they want. During this time you could be making additional deals with people who are truly interested in selling.

In addition, sellers who want to get the full retail value of their property will cut into your profits to an extent that it really isn’t worth doing business with them. Look for the right fixer-upper property at a price which is dramatically slashed, or look for the seller who has to move in a hurry and just wants to unload a property to stop making payments on it. Once you make the decision to become involved with a property, that property will be a significant time investment for you until it is sold again, so wait until you have found the perfect property and the perfect seller before you make your deal. With a motivated seller you can maximize your profits and make the best use of your time

Happy Investing,

Joseph Irons, Rock Real Estate Investments.

P.S.: To learn more, go to: http://noriskmillions.com/?aff=650

Wholesaleing is not as easy as some of the guru’s will have you believe…is anything?  I am a full time investor and I practice a number of different techniques for those looking to buy a home in Texas.  One of my favorite is wholesale investing.  What is wholesale investing?  It is a technique that where you find a distressed, pretty or ugly property with a criteria that usually mets a rehabbers criteria…usually 60% of ARV (After Repair Value or what I like to say…what will it sell for the day the repairs are done?!) -repairs. example you find a house that will sell for $160,000 in perfect condition on the market today.  You take $160,000 multiply 60% that gives you a starting figure of $96,000 then you have to subtract repairs..let’s say on this house $15,000 so your MAO (maximum allowable offer) is $81,000.  Why do I use the 60%-repairs formula?  Most rehabbers can get a hard money today for around 70-75%.  I like to be able to give them a 10% buffer for any surprises…let’s face it…there are always surprises…at least there are in my rehabs!  Now you have left yourself room to make $5-10,000.

Now you have the deal negotiated…what do you do?  Do you get a loan and buy it outright?  Nope…you simply put the property under contract and then you sell the contract to someone who wants to remodel…or rather rehab the home…some people call that flipping a house.  The term flip used to refer to wholesale..flipping a contract to a buyer.

Can you only sale a deal to another investor?  No, in fact you can sell a deal to anyone looking at getting a bargain deal and does not mind doing some repair work…the extent is up to them.

I will say to sell homes in Texas or anywhere is not the easiest..you will defiantly work a little more then 4 hours per week and 70% of your deals will most likely fall thru…that is why you need to deal in high volume.  Get some virtual assistants to do the marketing and farming for you.  This will free up your time immensly and allow you to do what makes you money..negotiating the deal.  We make the money on the buy not the sale.  If you are curious and want to learn more about this technique then contact me via my website www.belowmarkethousedeals.com and I will send you free of charge all the forms I use and step by step on how to do the deals.  Thanks and God bless

I am currently working on some deals that if you want to buy a home in Texas or wanting to do multiples, yes buy homes in Texas then you are going to want to keep an eye on my site www.belowmarkethousedeals.com or sign up for my mailing list

Joseph Irons

Here I am capturing this part of my internet world!  This is a story of my journey into real estate investing. How I went from a wholesaler to a rehabber/wholesaler and eventually will branch into other areas of investing!  Thank you for your support in reading this blog…my prayer is that you learn how to become a successful real estate investor.  I will teach wholesale, foreclosures, probates, short sales, networking for private money partners and so much more!  So here is the first edition of my content…my interviews on Great Day SA!  Wow, what a revelation on how I need to get back into the gym!  It is hard to believe that I used to own one and was one of the top trainers in San Antonio!  Well, just like real estate or anything in your life…knowledge is only as good as how you apply what you learn.  To your success God bless!My Great Day SA Live TV Interview! #1 of 2! loaded on \”YouTube\”Great Day SA Interview #2! loaded on \”YouTube\”