Mike Ferry On Common Challenges To Overcome While Real Estate Dealing By: josph vare | - Over the last several months, Mike Ferry have asked agents who have attended his prospecting school here in Las Vegas, NV what their biggest challenges are while dealing with Buyers and Sellers. We have received great questions, so we wanted to use this forum to answer them for you.
Common Challenges to overcome while dealing with Buyers and Sellers in today's Market:
1. What do you say to a buyer that wants to write a "Low-Ball" offer?
Mike Ferry On Social Networking By: josph vare | - At one of the large Real Estate company conventions I attended in Las Vegas this week, I came to the conclusion that this company has adopted social marketing/social media as the primary method of how they expect their organization to do business. If this was not the exact philosophy that they have adopted, they sure gave most of the attendees that impression and that is fine, it is their company.
Mike Ferry Has Created An Awesome Two-on-one Real Estate Training By: josph vare | - Anyone can be a successful real estate agent by learning it thoroughly. As we all know to be a great listing proficient by developing a detailed and exact listing presentation. It is not at all a difficult thing to get complete success as a professional real estate agent; all you will need to have is a clear-cut vision and perceptive. For example if you are an agent who is not listing property, you are probably really going to find yourselves in a lot trouble in terms of building a long-term bus ... Tags:Mike Ferry, Mike Ferry organization, real estate coaching, r
Do Presentation Really Matters In Real Estate Listing? By: josph vare | - Every newbie in real estate profession enters into this industry with lots of dreams and speculations. With clear focus and determination they overcome their fears and start doing well in real estate business. But after certain time their growth rate gets slower or no further growth is noticed. Now, why do most of them resist prospecting on a regular basis? The answer is because they do not know how to prepare the presentation for more substantial clients.
Learn From Successful Real Estate Agents By: josph vare | -
There are many Real Estate Agents who are into this market from past many years. But there are many agents who say that when they met Mike Ferry they experienced a great changing moment into the business and in their lives as well. They implemented what Mike Ferry taught them into their business and some of them were in the Top and did great number of deals in a years time.
Why Real Estate Coaching Is A Must Among Starters By: Alex Patterson | - Real estate coaching is very important especially among beginners. Having a trained expert to guide you as you start out with your business will uncover more opportunities that can help increase your income. Many property investors realize their capability to produce better results in their businesses but they fall short of ideas on how to make this happen. Others choose to work with a consultant who brings out the best in them and leads them to a more successful career path. In the long run, th ... Tags:real estate coaching, property investors, real estate mentor
Real Estate Coaching Will Kill Your Career! By: Sandy Griffin | - Real estate coaching will kill your career. Yes it can. But only if a) you have a really bad real estate mentor, and b) you dont apply what your coach is teaching you. A lot of disgruntled investors claim that real estate mentoring didnt do them any good. However, you only need to look at the success stories of investors who did well and all their claims wouldnt hold water.
Useless Real Estate Tips You Must Ignore By: Jason Lewis | - Beginners sure do appreciate real estate tips, especially when they come from experts. However, getting doubtful tips, especially when surfing the Internet, is always possible. Some beginners are gullible enough to believe these pieces of advice but of course they cannot be blamed. For the benefit of neophytes who really want to succeed in the industry and want real pointers, here are some useless tips you must simply ignore.
Acquiring Real Estate Coaching Today By: Jason Lewis | - Acquiring real estate coaching today, despite the economy is still recovering from the recession, may be a crazy idea for many. However, to those who have realized their potential to become a millionaire through real estate, this is a must. They know that this industry spawns successful investors like ashes from an active volcano. Here are at least four reasons why you should get a mentor today.
Short Term Real Estate Investing In A Bad Economy By: peter V | - If you have been watching the news, then you likely are having some pretty serious concerns about your ability to perform as a professional real estate investor in this economy particularly if your main focus is short term real estate investing rather than long term. However, in reality, the real estate investing reality is that your success literally depends on mindset but its not just your own mindset that matters.
Weve all heard buy low and sell high about a million ... Tags:Real Estate coaching, Real Estate Investment
Short Sales As Short Term Real Estate Investing By: peter V | - It used to be that there was nothing short about a short sale, other than that sometimes you could shortcut or circumvent a foreclosure. As you probably know, short sales are transactions between a real estate investor (or other third party) and a lender on behalf of a homeowner who is going to lose the home. Basically, the third partys job is to convince the lender to take a dramatically cut-down purchase price on the property, give the deed of the property to the third party, and let the ho ... Tags:Real Estate coaching, Real Estate Investment
Timing Your Short Term Real Estate Investing By: peter V | - When it comes to short term real estate investing, timing really is everything. With longer-term investments, in many cases the fact that you are going to wait a decade or two to sell means that you can rest fairly safely in the knowledge that your property will appreciate over that time. (Of course, this is not always true, but generally the timing is slightly less of an issue in long-term investing). However, in the case of short-term real estate investing, your ability to gauge what location ... Tags:Real Estate coaching, Real Estate Investment
Creative Short Term Real Estate Investing By: peter V | - So by now you have probably heard a lot about creative financing. Generally, creative financing involves finding unique and flexible ways to fund a real estate transaction. These methods may involve unusual ways of structuring the deal, or simply finding new sources of funding for the transaction. Either way, creativity and flexibility are crucial to creating financing.
Creative short term real estate investing also requires flexibility. Often, you will be required to literally sell the i ... Tags:Real Estate coaching, Real Estate Investment
How Your Credit Impacts Your Short Term Real Estate Investing Ability By: peter V | - As a real estate investor, having good credit can be a huge advantage. It can help you garner one or more loans in order to purchase properties or renovate them. It can even help you prequalify for mortgages so that you can go into a deal or an auction with proof of your ability to purchase a property. In short, its a great thing.
However, it may surprise you to find out that good credit really is not all that crucial to your success as a real estate investor and this is particular ... Tags:Real Estate coaching, Real Estate Investment
How To Spot A Good Short-term Real Estate Investment By: peter V | - When it comes to short term investing, you need to look for properties with your end result selling in mind. However, just thinking of selling is not enough to help you spot a good short term investment in real estate. You need to think about several other factors before you start looking in order to insure that you spot the best short-term real estate investments in an area.
When you are looking at short-term investing properties, you will need to consider carefully the types of ... Tags:Real Estate coaching, Real Estate Investment
A Brief Review Of Short Term Real Estate Investing By: peter V | - I have been investing in real estate for more than two decades, and I have seen some pretty amazing changes in the market during that time. One of the most interesting shifts that I have seen in real estate investing is the notion of short-term investing. Generally, the term short term investing refers to flipping or turning houses quickly sometimes even before you have them under contract. This is an exciting and fast-paced business that tends to yield big rewards fast. Many of my col ... Tags:Real Estate coaching, Real Estate Investment
Long-term Real Estate Investing Red Lights By: peter V | - Todays real estate market is ideal for the long-term real estate investor. After all, in just about any market in any geographic location, you can purchase valuable real estate for mere pennies on the dollar. In fact, you can purchase nearly any type of real estate, and you can often use a variety of creative transaction methods to purchase those properties with little or no down payment, and regardless of your personal or business credit. In short, real estate investors everywhere are snappi ... Tags:Real Estate Investment, real estate coaching
When Market Matters In Long-term Real Estate Investing By: peter V | - I have always thought that one of the best things about long-term real estate investing was that for all intents and purposes, you can do it in any market. After all, if you track the value of real estate investments over time in just about any locale, you will find that in the long term, the value of the vast majority of real estate investments will increase. Period. Its a known fact.
However, in todays market, with all the new twists and turns that did not really have a place in y ... Tags:Real Estate coaching, Real Estate Investment
Ways To Win In Long-term Real Estate Investing By: peter V | - Weve done a lot of talking about all the bad things that can happen in long-term real estate investing. In fact, reading over this lesson series, Im starting to feel a little negative. That concerns me, because Im afraid that Ive gotten so involved in strategies for turning failure into success when youre involved in long-term real estate investing that Ive neglected to talk about the major successes that you can and should experience when you get involved in long-term ... Tags:Real Estate coaching, Real Estate Investment
Planning For The Worst In Long-term Real Estate Investing By: peter V | - No one likes to plan for the worst. In fact, I know a lot of people who think that planning for the worst is just being pessimistic, and that the best way to avoid having bad things happen is to avoid thinking about them. While on some level this does make sense, as a real estate investor I have found that not planning for the worst is one of the most fiscally irresponsible things you can do when you are involved in real estate investing. If you simply take a little time to map out the bad possi ... Tags:Real Estate coaching, Real Estate Investment
Long-term Real Estate Investing For Retirement By: peter V | - When you start thinking about real estate investing and retirement, the first thing to do is consult your attorney and a financial advisor. In most cases, if you work for a company that offers retirement plans, buying real estate will not be included in those plans. As a result, you will need to decide whether or not you want to take money away from those retirement options in order to buy real estate, or whether your real estate retirement portfolio needs to be entirely separate and additional ... Tags:Real Estate coaching, Real Estate Investment
Long-term Real Estate Investing In A Bad Economy By: peter V | - As you are watching the real estate market crumble and the deals multiply exponentially, you may be thinking to yourself (and any economist would agree with you) A bad economy is a great time to spend money. All political issues and platforms aside, for real estate investors this is nothing short of the bare, honest truth. When the market sinks, the deals come out and a buyer with cash has his or her choice of the lot.
However, you may not feel like you have that money to spen ... Tags:Real Estate coaching, Real Estate Investment
3 Fast Exit Strategies For Long-term Real Estate Investments By: peter V | - As weve already discussed, part of successful long-term real estate investing is having an effective way to get out of the investment preferably while generating wealth at the same time. Sometimes, however, you need to get out of a long-term real estate investment fast, which can create trouble for a real estate investor who only planned for a calm, prolonged exit that could happen at their leisure.
Fortunately, there are actually a lot of ways to exit a long-term investment fairly ... Tags:Real Estate coaching, Real Estate Investment
The Number One Mistake Real Estate Investors Make In Long-term Real Estate Investing By: peter V | - Long-term real estate investing has been around since the beginning of recorded history. Thousands of years ago, the ancient Egyptians invested in extended areas of attractive burial grounds and built amazing tombs that could be either used by a family or sold for a profit in an emergency, and even that was probably not the beginning of real estate investing. As you can see, the idea that real estate could be used for security in the future is not a new one.
However, while the principle b ... Tags:Real Estate coaching, Real Estate Investment
Planning For Long-term Real Estate Investing By: peter V | - When it comes to investing in real estate for long-term purposes rather than short term, you may think that there may not be a lot of planning involved. After all, how complicated can it be? You just pay for the thing one way or the other for the next 20 or 30 years, then sell it. However, while this is the basic idea behind long-term real estate investing, a little planning can help you make the most out of your investment regardless of how long you keep it.
Take Bob and his proper ... Tags:Real Estate coaching, Real Estate Investment
Long-term Real Estate Investing Advantages By: peter V | - In the past few decades, Ive noticed that there has been a major and somewhat disconcerting shift in the way that the majority of investors view real estate investing. As little as 20 years ago, real estate was something that was purchased by-and-large for the long term. It was an integral part of a successful retirement portfolio, and many people invested in good deals when they saw them and could afford them in order to insure that they would eventually live safely and securely as t ... Tags:Real Estate coaching, Real Estate Investment
Spotting Good Long-term Real Estate Investments By: peter V | - As the economy continues to be unpredictable and many experts aggressively disagree on how the state of the real estate market will trend in 2010 and beyond, there is one thing that everyone can agree on:
Long-term real estate investing is the only guarantee.
No one disputes that at some point the real estate slump will be over, and when it is, real estate will still be the one commodity that no one can make more of, which means that it will increase in value. As a result, this is a ... Tags:Real Estate coaching, Real Estate Investment
Could Subject-to Transactions Become The Next "conventional" Real Estate Deal? By: peter V | - In the past, subject-to transactions were the height of creative real estate investing and innovative real estate financing. After all, most of the people who were interested in buying properties did so in more conventional ways, by applying for a loan and then buying based on what the loan and their savings for a down payment indicated that they could afford. Real estate investors were the first to buy subject-to because their multiple property holdings often made it difficult for t ... Tags:Real Estate coaching, Real Estate Investment
Subject-to Investing For Your Real Estate Portfolio By: peter V | - When it comes to building your real estate portfolios, subject-to transactions are a great way to start building without major financial outlay. In fact, many people who are afraid of mutual funds and the market in general at this time are putting their money into real estate instead because they can actually acquire one or more valuable properties at very low prices, sometimes for less per month than they were putting into their other retirement plans.
Please note, I am not recommending ... Tags:Real Estate coaching, Real Estate Investment,
Buying Foreclosure Properties In Today"s Real Estate Auctions By: peter V | - Real estate investors have been getting great deals on properties at bank auctions for years. However, in the past decade, the entire nature of the real estate auction has changed dramatically. I remember personally when a real estate auction was a subdued, simple affair with only a few people in attendance and the properties were sold from the courthouse steps. (No, not because Im so old, but because the nature of the game has changed completely in the past 10 years). Now, however, these auc ... Tags:Real Estate coaching, Real Estate Investment,
Creative Real Estate Investing Through Non-traditional Lenders By: peter V | - As a real estate investor, you are probably pretty clear on the value of having a source of private money and funding. Many real estate investors work very hard to develop relationships with private capital lenders so that they do not have to rely on traditional lenders like banks and mortgage companies. Having a source of private funding enables real estate investors to work quickly to secure good deals and obtain properties that otherwise might be out of reach if they had to wait on traditiona ... Tags:Real Estate coaching, Real Estate Investment,
Investing In Foreclosures Successfully In A Changing Real Estate Market By: peter V | - When I first got started in real estate investing over a decade ago, foreclosure investing was a very different type of real estate strategy than it is today. I would show up at bank auctions with a pretty clear idea of how much money I was willing to spend on a given property. Then, when that property made it to the block, I would maybe compete with one or two other investors if that to get my hands on properties that I believed represented potential profits for me and my business.
3 Signs That The Time Is Right For You To Be In Real Estate Investing By: peter V | - You have probably heard a lot lately about how the time is right for real estate investing. The people saying this are absolutely correct. The state of the market currently is ideal for people who want to invest in real estate and get some real bargains on property. However, you may be hesitating due to a variety of external factors such as family, career and general apprehension about taking such a big step.
You may be right to hesitate. The right time for real estate investi ... Tags:Real Estate coaching, Real Estate Investment,
The Key To Selling High In A Bad Real Estate Market By: peter V | - When it comes to sales, real estate can be difficult. Once you learn how to get a hold of some property, you may feel like the hardest part of being a real estate investor is now behind you. However, there is another key part to real estate investing that you cannot afford to overlook:
Knowing how to sell high in a bad real estate market.
Now, when the going is good, as they say, then you may have no trouble flipping properties, selling for big profits and generally turning most ... Tags:Real Estate coaching, Real Estate Investment,
How To Always Have More Opportunities In Real Estate Than You Can Handle By: peter V | - Imagine waking up in the morning and settling down in your office for a day of work. You glance over your to-do list, then peruse the newest opportunities that have come your way in the real estate investing arena. You sigh. There are literally 9 new deals that all look workable, and you know that you simply will have to choose which 3 or 4 to work on. The rest will have to wait.
Sound appealing? Of course it does! While there are nearly always lots of opportunities available in real esta ... Tags:Real Estate coaching, Real Estate Investment,
Getting Into Real Estate Investing At The "wrong" Time By: peter V | - If you have been interested in getting involved in real estate investing, then you may have had a niggling feeling in the back of your mind over the past 18 months or so that you missed your chance. Perhaps you have been influenced by all the negative press that has surrounded Americas Housing Crisis. Perhaps you believe that you do not have the funds available to you to make investments in the current market. Perhaps you have just heard the term real estate market crash so many t ... Tags:Real Estate coaching, Real Estate Investment,
The Perennial Buying Option That Real Estate Investors Often Overlook By: peter V | - You have probably heard before that the real money in real estate is made when the market is bad. Now, we have to say up front that we count all money as real money. We dont care whether you are making it when times or good or when times are hard. If it is money, then it counts as being real as far as we are concerned.
However, it is true that while fewer people may make money during hard times, those who do generally make a lot of it. This is because especially in real ... Tags:Real Estate coaching, Real Estate Investment,
How To Be An Instant Real Estate Investing Expert By: peter V | - Real estate investment can be tough even for the most experienced real estate investors. So if you are a beginner, how can you make sure that you are doing the right things for your personal real estate investing portfolio and career?
In reality, the answer is pretty simple: Look to an expert. In fact, you probably already know and have seen proven thousands of times the types of payoffs that come from investing in your real estate investing education. However, sometimes just t ... Tags:Real Estate coaching, Real Estate Investment,
The Major Oversight That Will Leave Your Real Estate Investing Deals Dead In The Water By: peter V | - Stacey was really excited. It appeared that finally her first real estate investment deal was going to come together. She had located a motivated seller that really needed her help, and the property was ideal for a short sale negotiation with the bank. Eagerly, she contacted lending institutions customer service line and asked to be connected with the division that handled short sales. After many transfers and long periods of time spend on hold, she finally reached a loss mitigation speciali ... Tags:Real Estate coaching, Real Estate Investment,
The Question That Only Smart Real Estate Investors Ask By: peter V | - Imagine this scenario:
You have done some serious legwork when it comes to your real estate investment career. You have searched your local area for deals that meet your criteria, located three properties that all appear to be great investment opportunities, and gotten background on all three deals from the sellers.
One of the deals is a short sale that is terribly (or wonderfully) upside down, depending on how you look at it. However, the house has sat empty for the past 18 months ... Tags:Real Estate coaching, Real Estate Investment,
How To Get A Leg Up On More Experienced Investors By: peter V | - Joe and Leslie are both real estate investors. Joe has over twenty years experience in the business, and boasts that he has done every type of deal known in real estate investment. He has massive experience when it comes to doing short sales, negotiating directly with banks and even with creating land trusts and other safeguards to help his buyers and himself avoid potential complications with real estate transactions down the road. In short, Joe is an expert when it comes to real estate i ... Tags:Real Estate coaching, Real Estate Investment,
Mistakes Even Experienced Real Estate Investors Make By: peter V | - Real estate investment is one of the most exciting arenas in the business world. In fact, many people consider real estate to be one of the classic millionaire-makers because so many people with massive fortunes generated part or all of those fortunes in the real estate market.
However, even if you have had some pretty serious real estate investing success, this does not make you immune to failure. Just look at entrepreneurs like Donald Trump, who have risen, fallen and risen again ... Tags:Real Estate coaching, Real Estate Investment,
When Networking Is Not Enough By: peter V | - If you have ever attended a real estate investment seminar or even just read an article about real estate investing online, then you probably are very clear about the advantages and importance of networking. Knowing people in your line of work and whose abilities work with your abilities and goals can be a big advantage when you are working with real estate. Everything you have read about the importance of networking is absolutely true.
Sometimes, however, networking is not enough. ... Tags:Real Estate coaching, Real Estate Investment,
The Importance Of Teambuilding To Real Estate Investing By: peter V | - When you think of real estate investment, you probably think of independence, working for yourself and making enough money to retire without worries. These are all highly individual foci, and they are extremely appealing to many people. After all, self-sufficiency is a major goal for nearly all businesspeople, and real estate investing is potentially a great way to get there.
However, with all this emphasis on working for yourself or making your own way, a major tactic used by hundreds of ... Tags:Real Estate coaching, Real Estate Investment,
Jumpstarting Your Real Estate Investing Portfolio In The Next 24 Hours By: peter V | - Bob had been learning about real estate investment for years. He had attended probably fifty seminars, and considered himself an expert (on paper) in short sales, flipping and commercial property. However, Bob had a problem. While he knew the ins and outs of every type of deal imaginable, he had yet to make one work. In fact, he was starting to feel like the entire educational process had been a waste of time and money because he could not get the ball rolling on his own real estate investing po ... Tags:Real Estate coaching, Real Estate Investment,
The Simple Oversight That Could Ruin Your Real Estate Investing By: peter V | - Whether you are new to real estate investment or you have been around the block a few times, you are almost certainly aware of the importance of watching the details. After all, in the end, whether a deal makes or breaks you will be in the little details.
However, many while many real estate investors know this in theory, they have trouble putting it into practice. As a result, many get tied up with properties that they have trouble selling, or that do not actually result in a good ... Tags:Real Estate coaching, Real Estate Investment,
3 Major Mistakes Every Real Estate Investing Novice Makes By: peter V | - Real estate investment is an extremely exciting way to generate wealth. After all, there are not that many business arenas in which a single deal can potentially mean major changes for every aspect of your life. However, this life-changing facet of real estate investing can work both ways. Mess up, and you could literally cost yourself a fortune.
The best way to work successfully from the start of your real estate investing career is to learn from the mistakes of others. Sound ruthl ... Tags:Real Estate coaching, Real Estate Investment,
Marketing Tips To Increase Your Real Estate Income! By: Vince Testa | - What sets the big real estate income earners apart from the average agent who barely makes a living? Have you ever asked this question?
Do you realize the old 80/20 principle, where 20 percent of the agents produce 80% of the business is now 7/93 according to the NAR. That is that 7% of the agents get 93% of the business. Although I am not certain these numbers are completely accurate, there is one thing I am sure of. Most of the business is being done by only a few of the agents. ... Tags:real estate marketing, real estate tips, real estate advice, real estate coaching, marketing, real estate, real estate training
