Dear Realtors: It’s no secret that your world is about to get rocked. If we’re being honest, it’s already started.
Between the massive growth in discount brokerages willing to play matchmaker for skinny commissions (I’m looking at you, Redfin ... Purplebricks ...), and now iBuyers like Opendoor and Offerpad, who are willing to skip the middleman altogether, it’s a brave new world out there.Read More
Real estate investing is largely about gathering intelligence—finding properties to purchase, knowing the details of those properties to aid you in negotiations, and using all that information to close the deal.Read More
The real estate investing market these days is hot, hot, hot! That’s the good news, and you probably already knew it. What you might not know is that it is also becoming tight, tight, tight! The return on investment is the lowest it has been since 2014, which has prompted the big boys to step up their game and go for the volume play. Unlike Bungalo, you probably don’t have $225 million to invest, so you’ll have to be smarter, faster, and better at real estate marketing if you want a full-time REI career—or to take that ridiculously swanky vacation.Read More
That abandoned property is just sitting there, waiting to be purchased, rehabbed, flipped, and turned for a profit. That deal could be your next vacation. At last count, about 1.4 million of these vacant properties exist in the United States, thus giving investors plenty of opportunity to track down an owner, develop a rapport, make an offer, negotiate, and close the deal—and earn that profit.Read More
Forget the worm; this early bird wants deals.
Let’s face it: you’re not the only one out there searching for real estate deals. And the best way to get an edge is to work smarter, not harder. The truth is, technology has come a long way, and if you don’t want to stay in the stone ages of poring over public records and manually tracking your potential investments, it’s time to tap the incredible resources that allow you to find properties and close deals.Read More
REI is all about research—and making contacts, and nurturing relationships, and closing deals. That seems like a lot, but if everything is humming along, every facet becomes easier. When your research is good, you’re better positioned to find contacts and negotiate from a position of knowledge. When you build a rapport with sellers, you’re that much closer to a completed deal.Read More
REI software requires ROI. Otherwise, you didn’t just waste your money on the solution—you’re hurting your business by sticking with it. There’s a question you must ask yourself when assessing the REI software you might not be happy with: Are you getting what you paid for? To answer that, you need to answer these questions:Read More
In 1968, an inventor named Ted Paraskevakos began work on a technology that, five decades later, would evolve to become indispensable to REI professionals. See, this electrical and communications engineer (please don’t make us try typing his name again; we’re not even sure we got it right the first time …) developed something that everybody who uses a phone—not just real estate investors—takes for granted today: caller ID.Read More
The worst sound an REI professional can hear when talking with a prospect who has just called isn’t “Don’t call again” or “Go to hell!” or “I’m not interested in selling” or a myriad of other phrases you’ve likely encountered over the years. Yes, those suck, but the worst sound is simple and devastating: a click.Read More