Foreclosure University Real Estate Training

Preparing to make your offer to the bank

Once you have found that perfect REO “bank owned property”, you need to prepare to make your offer.

So let’s recap… When you find a property with a lock box and no “FOR SALE” sign, the first thing you need to do is research.  You need to know who owns the property and what it’s worth so you know what to offer.   If you need help, re-read the previous sections on determining value, estimating repairs, and what to offer. […read more]

One of the most common questions I get a lot is “How Do I Know If This Property Is A Good Deal Or Not?” In fact, a gentleman this week asked me this same question… He said, “you are absolutely right when you say that people fail in real estate…its because they are afraid they wont be able to sell the house later… I am one of them. I have come across more than one opportunity to buy houses and I do not take them for that specific reason. Another reason that keeps me from making offers is trying to figure it out if its a good buy or not… how do I know if it’s a good deal? Will I be able to rent it if I decide to hold it?”

I would like to spend some time explaining to those who might be having the same challenges and hopefully shed some light on the situation so anyone can gain more confidence making more offers, because ultimately, that’s the only way you are going to make any money. […read more]

The Importance of Building A Buyers List

Building a buyers list is one of the most important things you can do as a real estate investor. What surprises me the most, it that a lot of investors are not building a buyers list which can really cost them. Having a buyers list is the difference between selling a house in a few hours as opposed to a few weeks or months. And the longer you hold onto a house, the more it takes from your profits because of holding costs. […read more]

The Honest Real Estate Matchmaker Review – Preston Ely

We decided to go ahead and write a real estate match maker review because of all the buzz going on about Preston Ely’s real estate match maker software.  There are some really good things that we like about real estate matchmaker and some not so great things.  It will be important to read this real estate match maker review to the end so you can determine for yourself if this program is right for you. […read more]

Real Estate Software

Most investors who are successful are using some sort of real estate software because it saves them time and money. There are tons out there to choose from, so we are going to focus on the real estate software we have experience with and currently use that allow us to find deals more easily and keep track of everything.

Depending on what type of investing you are focusing on whether it rehabbing, reo’s or short sales, the real estate software you use might vary a little. We are going to focus on wholesaling properties because there is very little risk involved, you don’t need any money of your own or good credit to wholesale a property. […read more]