This is a quick, little tip that I thought you might want to know.

As I talked about the other day in the post about seller financing, you can sell houses really quickly using owner financing – aka seller financing…

…But what most people don’t know is that you do NOT have to continue to receive those payments over a long period of time, making this strategy an extremely useful and profitable quick turn real estate investing strategy.

How?

Because once you owner finance a mortgage note, then you can sell that mortgage note for cash. Yes, you will have to sell it at a discount, usually 6-13% or so depending on a couple of factors about your buyer like: down payment received, credit of borrower, time on job, and debt to income ratio, but you WILL get cashed out within 30 days.

This allows you to owner finance houses, and then get all cash within a very short amount of time by selling your mortgage note to a more…

Options, to me, have to be THE most exciting real estate investing strategy there is.

Why?

Because you can control the most beautiful and expensive properties, for only $10, and it’s an easy pitch.

“I will help you sell your house, you don’t have to take it off the market, and I will use my time, my money, and my resources if your house qualifies…”

You’re not really selling them on anything. Either they want your free services or they don’t.

Options have an extreme upside and no real downside.  Options allow even the most humble beginners to the most experienced investors the opportunities to make a lot of money, without risk, in a relatively short amount of time.

So, what is an option?

An option, is a lease option, but without the lease.  Options are an investment strategy where you have a negotiated price agreement with the seller that you can exercise your right to buy at any time during that agreement.

Why is This Powerful? more…

What is Seller Financing?

Seller financing is simply the art of getting a seller to finance a real estate deal. In this case, the seller is the bank.

They will negotiate a down payment (if any), they will allow you to make payments to them at an agreed upon rate and length of time, and you can even negotiate the interest rate (if any).

Have you noticed the theme here? Everything is negotiable and there is NO banks involved?

That means you don’t have to go through a mortgage approval process.
That means you don’t have to make large (if any) down payments.
That means you can find rates and terms that make sense for both you and the seller.

What is really cool is that the time in which you can get one of these done is a couple of hours to a couple of days. That’s it!

Yes, you could start looking for a house in the morning and by the end of the day, own it without going down to a bank and signing personally for a loan.

This is what makes owner financing so powerful, so amazing, and a strategy that you’ll need in your portfolio of offers.

How To Use Owner Financing As An Investment Strategy

The purpose of this strategy is NOT to more…

No money down real estate investing!

It’s all over the infomercials.
It’s all over the book stores.

…But they don’t really tell you how to do this, or why it’s really so powerful and that it should be crafted so that the sellers do get money…It’s just not yours.

Remember, I told you that I am not going to be putting myself or you at risk when investing in real estate. This is one of the most important rules we have.

One of the biggest risks is investing a lot of money into a deal. There’s just no need for it!

So, how to you get around it?

One of the best ways is with a simultaneous close.

What is a simultaneous close?

It’s a close where you buy and sell a property at the same closing. You sign the papers to buy the house and then, you sign the papers to sell the house right after.

Why is this powerful?

Because it eliminates the more…

I remember when we first did this little real estate investing test.

It resulted in almost 90 different buyers calling to buy a house that we didn’t even own.

You see, we ran an ad for a house that we didn’t own or have in contract.  Actually, we hadn’t even call to try and buy one house at all yet.

This helped us get over our fears of finding buyers for houses that we get into contract.  Finding houses to sell is NOT the problem.  It’s having an exit strategy…. a way of getting rid of the house quickly and without risk.

What Did We Do?

We ran an ad for an “Investor Special, Cheap, Cash” and the ph #.  Over the next week, the calls just kept coming in. Most were on the Sunday the ad hit the paper, but there were a lot on Monday and they tapered off, but we did get calls the next week even.

We then categorized every person that called in an A pile, a B pile, and a C pile because when we did have a house for sale, we wanted to be able to contact these investors without ever having to run an ad….

…We wanted to make the best use of our time.

We classified these investors into A, B, & C pile investors because we didn’t want to call a “buyer” if they were not going to be able to buy. I don’t want to waste their time or ours.

So, how did we classify these investors (home buyer leads)?

We asked them several questions, but these were the 2 main qualifying ones (ones that would determine if we could do business together now or in the future):

• How quickly can you close?
• What is your price range?

The thing is, I knew that if the investor told me they were going to take more than 2 weeks to close, I was dealing with the wrong type of investor.  It doesn’t take that long to close if you have the goods.  It shouldn’t take longer than 14 days tops.  So, they got put in either the B or C pile.

How To Use This Same Idea To Get Lead Buyers and Owner Occupant Calls more…

I believe that in order to dominate my market, I have to be everywhere.

People need to see you as the expert.  You want to be everywhere they go.  Plus, I believe that the Internet is the perfect place to reach your target market as an investor.

A successful broker in Dallas once told me that 80-92% of all people who are looking to buy a house now search the Internet at some time during their process, looking for a deal, and that right now is the perfect time for bringing your investing business online.

So, because I believe that the Internet can be a powerful player in this challenge and in any real estate investor’s marketing methods, one of the first tasks I took on was to create 2 quick, little sites.

Now, they only took me about an hour or so to create a piece and they are not pretty, but I believe the payoff will be well worth it.  These sites will help me capture online, motivated and interested prospects and will increase the amount of overall business we do.

You’ll notice that the ONLY purpose of the sites is to more…

Want to invest in Real Estate?

Many people believe that this is the time to run away from real estate investing…

…And that’s great because that’s more for me….Just kidding…actually, this post is about turning people toward real estate investing because this is the right time.

What’s so cool about investing in real estate is that it’s always a good time.  If the market is bad, then you can buy houses at great prices, sellers are more flexible, and you can make a lot of money quick.

If the market is good, it’s an awesome time to buy and sell because you can sell properties at a higher price, houses sell even faster, and you can make a lot of money.

So, it’s always a good time to buy and sell real estate…But what does matter is how you buy and sell those homes.

I am not here to talk about buying and holding a piece of property and making long term investments.  I am here to talk about getting in and out of a property as quickly as possible, and getting the fattest check possible because money today is much better than money tomorrow.

You can’t take care of the money worries of tomorrow, until more…