ENZ 106 – What to say when sellers call

On this special episode of Escaping The REI Newbie Newbie Zone it’s just me no guests. I talk about one of the most important things when it comes to wholesaling. Once sellers start to get your marketing, and start to reach out and call, what do you say? I know for some this is very scary, especially if you’ve never closed a deal before. However contrary to belief most homeowners are just as nervous. They’ve bought a home but have never sold one. So in this episode I go ever what questions to ask, to find out if they are indeed a motivated seller and how to transition those leads into more deals and checks for your business.

Resources mentioned on podcast =

Free Templates & Call Script     Text the word TEMPLATES to 33444

or go to www.reiwealthprofit.com/templates

 

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ENZ 105 – Wholesaling Houses While In College with Ed Ngong

On today’s episode we bring back one of our previous guests back on the show Ed Ngong. Ed updates us on the things he’s been doing in his real estate business. Ed has tripled his income this year in 2016 and he stops by to tell us the things he’s changed to increase his income. Ed is still in college going for his master degree and still manages and runs a full fledged Wholesaling business.

Ed Ngong Facebook Page = https://www.facebook.com/ed.doedoe?fref=ts

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ENZ 104 – Why Competition Is Good & Tips For Making $50k + on Wholesale Deals with Jason Buzi

On today’s episode of Escaping The REI Newbie Zone, Chris Bruce sits down to talk with real estate investor Jason Buzi. Now it’s chances you’ve saw a few of Jason’s post on the popular Facebook forums. He’s always giving out good content and providing inspiration to people on how to make BIG checks in real estate. Today we got Jason to bless the show with some actionable information on how to get the big $50 – $100k+ checks wholesaling. Jason runs a successful 7 figure a year real estate business in one of the most competitive markets in the country San Francisco, California. He also talks about why competition is good, and how it can benefit you and your business.

 

Websites mentioned on show:   Jason’s Facebook group   https://www.facebook.com/groups/154694161390410/

Chris 3 part video series: www.reiwealthprofit.com/opt-in

 

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ENZ 103 – From The Bottom To A 7 Figure Real Estate Business with Raphael Vargas

In this episode of Escaping The REI Newbie Zone Chris Bruce sits down with Raphael Vargas to talk about his journey in real estate. Now Raphael grew up poor didn’t have much, but you would never guess that being that he built up a 7 figure company literally in just 3 years. Raphael has a unique strategy where he buy, and flips commercial and residential properties. He holds nothing back and shares his exact strategy he’s used in one of the most competitive markets in the country Washington, DC. So sit back and get out your notepads, you’re going to  want to take notes.

 

Raphael’s Facebook = https://www.facebook.com/703GoGetta

 

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ENZ 100 – The $10,000 Virtual Wholesale Deal Case Study

This is a very special episode of Escaping The Real Estate Investing Newbie Zone podcast, because we finally hit 100 episodes. So I wanted to do something a little different and provide a case study of a deal that just closed. This was a deal done in a virtual market that I rarely wholesale in. I still have contacts out there, so in this episode I’m going to talk about how this lead came to me, how I found the buyer and even some issues we ran into with the title. Not every deal you’ll do will go smooth and I’m going to talk about some things you can avoid if you ever run into this problem. The best thing about this deal it was done 100% virtual. Never met the seller or stepped one foot in the house. You’re going to love this episode. Make sure to drop a comment and subscribe to the podcast.

 

Websites mentioned on show :  Virtual Wholesale Class www.virtualwholesaleclass.com

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ENZ 098 – How To Increase The 2 M’s – Money + Motivation in 2016

In this special episode of Escaping The Real Estate Newbie Zone, Chris Bruce talks about increasing your motivation and money in 2016. Though we talk about it a lot, success in business is dependent on how motivated, ambitious and driven you are to get results. You know the saying, “People often say that motivation doesn’t last. Well neither does bathing, that’s why we recommend it daily.”

Chris talks about some simple ways you can stay motivated everyday to chase your dreams. This can come from listening to podcasts like this, or other motivational or real estate podcast. You could watch motivational speakers on youtube, or even listen to audio while driving in the car.

Chris also talks about the importance of mastering your finances. People say that they will wait till they make a lot of money to start saving money but the truth is that rarely happens. You need to learn how to be a good steward of your money early on. Chris shares some ways that you can get better at managing your finances  which helps increase confidence as well too.

You don’t want to miss this episode.

Websites mentioned on podcast – www.clsecrets.com/template

Or text word CLTEMPLATES to the number 33444

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ENZ 097 – Why You Should Be Implementing Skip Tracing in Your Real Estate Business in 2016

In this special episode of Escaping The Real Estate Newbie Zone Chris Bruce talks Skip tracing leads and how it can get you more deals in 2016. Skip tracing has always been that one tedious strategy that gets overlooked because it seems like a lot of work. Some people even think that it costs a lot of money to access this type of information. But in this episode Chris reveals why you should be implementing skip tracing in your real estate business. He also gives you a few different free & paid sites you can subscribe to access pertinent information like the phone number to the vacant homeowners, or the phone number of the relative who just inherited the property.

You don’t want to miss this episode.

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ENZ 095 – How To Create Freedom Through Real Estate with Brock Collins

In this episode of Escaping The Real Estate Newbie Zone I sit down with fellow podcaster and real estate investor Brock Collins. Today Brock talks about how he got started in real estate investing, and even the struggles he had in the business early on. Brock also talks about the importance of creating Freedom in his business. Many people are attracted to the business because of how much money can be made, but they forget the reason they started a business was not just to have more money but also more freedom.

You’re going to love this episode.

Websites mentioned on podcast : http://www.freedomrealestateinvesting.com

Free Direct Mail Templates – Text RECONTRACTS to the number 33444 to get the free real estate contracts

 

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Flipping Contracts Or Flipping Houses? What’s More Profitable?

In this blog post of Escaping The Real Estate Newbie Zone, I’m going to be talking about the difference between flipping contracts and flipping homes. I’ll also be talking about in 2016  which strategy you should focus on to profit quick no matter your experience, or if you don’t have much money to invest. Believe it or not, it’s a difference between flipping contracts and flipping houses.

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When it comes to flipping houses, that typically means you’re buying the house, fixing it up and then flipping the house to a buyer. For those of you that watch HGTV you’ve probably seen this done before. It’s a lot that goes into flipping houses. You DO need money, or access to capital in order to do this successfully. You need money to buy the house, money to fix up the house, money to pay contractors to fix the house up for you, and then you may have to still wait a few weeks or even months for it to be listed and sold.

Now the profit margins will vary and will depend on a few variables.

#1 Where the property is located?  – Is this one of the most desirable areas where buyers are buying right now?

#2 How cheap did you buy the property? – If you bought it cheap, and kept costs low as you could, then that will increase your profits

#3 How are you selling the house? – You’ll need a good realtor to list the property and sell the house for you. You’ll have to pay 6% commission but it’s so worth it.

There are a few others as well that I could mention, but that would take a whole other blog post to cover everything. To keep it short I just mentioned the top 3 variables.

The downside of flipping homes is that it can take 3- 6 months before you get paid, and there are some risks involved. Potentially you could be waiting half a year to get paid a $50k check. Now let’s do some simple math real quick.

If you’re only netting $50k and it takes you 5 months from to start to finish to sell the house. If you break down the numbers you’ve made $10k a month. But you’re not seeing any of that money until the 5th month. I don’t know about you, but I don’t want to wait 5 months to get paid. As a matter of fact, I don’t think anyone can wait that long, because bills are due every month right? Also if you mess up on your numbers, a $50k profit can easily be dropped down to a $35k profit with unexpected things coming up. Example = holding costs, the appraisal not coming back with the same amount you thought, and a list of other things.

So you need to have money stashed away to cover those months you’re not having money come in, and also be very good at money management. Fixing and flipping houses has always been a good business model, and can be very profitable. However, if you’re not good steward of money, and don’t have any other income coming in, you could go broke and be out of business quick.

 

So now that you know what it all takes to be successful fixing and flipping houses, let’s talk about flipping contracts also known as wholesaling.

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This is generally the best strategy to start off when first getting into real estate. Why?

#1 You don’t need a license to do it

#2 You don’t need any prior experience

#3 You don’t need to use any money to buy the house

The biggest difference with this strategy is that you will be tying up the house with a purchase contract and you’ll later be selling that contract to another investor for a quick profit. You don’t have to worry about hiring contractors, fixing the house up, listing it on MLS, or waiting months to get paid. You literally can have a check in your hands within 30 days using this strategy. It’s also a very scalable business model. Once you’re making money, you can go from doing 1-2 deals a month, to 5-8 deals a month. You can also start to flip contracts in other virtual markets, team up with other investors, or even start to get into fixing and flipping.

This is a recession any type of market bulletproof strategy. It works in any market whether the market is good or bad.

In this training I just released, I show you how you can make $3,000 – $10,000 in the next 30 days. This is the what I used to close my first real estate deal back in 2009.

When it comes to flipping contracts, you’re more of a Marketer than a real estate investor. Your mission is to market and find good deals, put those deals under contract, and then flip them to investors to get paid.

Marketing is the lifeline of a contract flippers business.

” If you’re not marketing, you’re not making any money”

So what’s the process and how do you get paid?

#1 Do you market research – find out the hot areas where all the investor activity is happening (buying and selling)

#2 Launch your marketing campaigns to generate leads – This could be Online Ads, Direct Mail, Classified Ads, etc

#3 Sort the leads which ones are hot, mild, and cold – Put the hot ones under contract

Next you’ll be marketing the property to cash buyers – investors, rehabbers, landlords. You’ll mark up the property price a few thousand or if you get the property under contract at a very low price, you can market it up as much as you like. As long as you’re leaving some room for the buyer to make a profit.

You’ll have cash buyers begging to buy the property. You’ll get the buyers to sign a contract with you for the purchase price, and an assignment contract. A title company or licensed title agent will be able to handle the closing for you.

 

cash_buyers

 

Before you know it you’ll be leaving the title company with a FAT check. The best part about this strategy is that if you weren’t able to find a buyer for the property. You can just back out the contract via an inspection clause. You will need to use a special contract. Which I include in the training here, as well as extensive video trainings on how to get started flipping contracts.

Now that you know the difference between the two. Which one will you be focusing on in 2016?

Are You A Real Estate Investor Or  Thinking About Flipping Houses?

 

Take this free quiz to find out

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ENZ 093 – Working Smarter & Savvier in 2016

In this special episode of Escaping The Real Estate Newbie Zone Chris talks about how to setup to win big in 2016 in your real estate business. This year is all about working smarter not just harder. In order to scale your business and out beat your competition , you’re going to have to become a savvy investor.

Chris talks about setting up systems in your REI business as as building out your team. If your goal is to make a million dollars, or even $100,000 this year you’ll need a team to help you accomplish that goal. This episode is filled with tons of “aha” moments, and also a great way to start off 2016.

 

Websites mentioned on podcast : http://getmentoredbychris.com

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