Get Your Real Estate Education
Before investing in your real estate business you would do well to invest in your real estate education. The new real estate investors software system, FreedomSoft, has a built in education feature that will take you through the wholesaling process step by step.
Direct Mail Campaigns and Lists
Your real estate business will not work without motivated sellers calling you with deals and buyers calling you to buy your deals. There are many ways to market your business but the most effective methods are direct mail campaigns and websites. FreedomSoft is an innovative system that will manage your marketing so you can build your buyers and sellers list efficiently.
Network
Network at your local real estate investors association and real estate clubs where buyers and sellers meet. Social media formats on the Internet such as LinkedIn and Facebook offer great networking opportunities.
Your Buyers and Sellers Lists
You need to automate the buyers and sellers information you obtained through your marketing and networking. You can't operate a successful business effectively from a desk cluttered with business cards and sticky notes. FreedomSoft has a buyers and sellers list manager that will provide instant buyers and sellers leads, store your buyers and sellers information and send out automatic emails to them.
Find a Bargain Property
You want to look for bargain properties at below market prices. These properties may be vacant, distressed or have owners who are distressed due to financial or personal hardships. Steer away from properties that require major rehabs so you can flip it quicker and easier.
Negotiating the Price
You will need to know what a property is worth before you can start to negotiate price. You want to buy wholesale bargains and sell them to bargain hunters. FreedomSoft will review your deal, giving the property's value as well as other property values in that area.
Check For a Clear Title
Always check the title when purchasing a property. You can usually get a clear title with assistance from the motivated seller. If not, a good title attorney will be a valuable asset to you.
Put the Property Under Contract
When you find a deal and the seller agrees to your price, don't hesitate. Meet with the seller and have him sign a standard purchase and sale agreement and put up a small binder deposit. Set your closing for 30 to 45 days in order to find an investor to purchase the contract. Contracts can be confusing and intimidating. Using the contractor generator in FreedomSoft will make this task worry free.
Flip this House
Now that you have the contract from motivated seller, simply market the property to the real estate investors in your buyers list. Once you have a buyer, use the same house-flipping contract and require earnest money from your real estate investor to ensure he is a serious buyer. Your real estate investor pays closing costs and you sign as the seller on this contract.
Close the Deal
Now that you have a clear title and have set a closing date with your buyer and seller, you can close this deal with a real estate attorney or a title company.
The best part is to collect your check! Now go find another deal!
Before investing in your real estate business you would do well to invest in your real estate education. The new real estate investors software system, FreedomSoft, has a built in education feature that will take you through the wholesaling process step by step.
Direct Mail Campaigns and Lists
Your real estate business will not work without motivated sellers calling you with deals and buyers calling you to buy your deals. There are many ways to market your business but the most effective methods are direct mail campaigns and websites. FreedomSoft is an innovative system that will manage your marketing so you can build your buyers and sellers list efficiently.
Network
Network at your local real estate investors association and real estate clubs where buyers and sellers meet. Social media formats on the Internet such as LinkedIn and Facebook offer great networking opportunities.
Your Buyers and Sellers Lists
You need to automate the buyers and sellers information you obtained through your marketing and networking. You can't operate a successful business effectively from a desk cluttered with business cards and sticky notes. FreedomSoft has a buyers and sellers list manager that will provide instant buyers and sellers leads, store your buyers and sellers information and send out automatic emails to them.
Find a Bargain Property
You want to look for bargain properties at below market prices. These properties may be vacant, distressed or have owners who are distressed due to financial or personal hardships. Steer away from properties that require major rehabs so you can flip it quicker and easier.
Negotiating the Price
You will need to know what a property is worth before you can start to negotiate price. You want to buy wholesale bargains and sell them to bargain hunters. FreedomSoft will review your deal, giving the property's value as well as other property values in that area.
Check For a Clear Title
Always check the title when purchasing a property. You can usually get a clear title with assistance from the motivated seller. If not, a good title attorney will be a valuable asset to you.
Put the Property Under Contract
When you find a deal and the seller agrees to your price, don't hesitate. Meet with the seller and have him sign a standard purchase and sale agreement and put up a small binder deposit. Set your closing for 30 to 45 days in order to find an investor to purchase the contract. Contracts can be confusing and intimidating. Using the contractor generator in FreedomSoft will make this task worry free.
Flip this House
Now that you have the contract from motivated seller, simply market the property to the real estate investors in your buyers list. Once you have a buyer, use the same house-flipping contract and require earnest money from your real estate investor to ensure he is a serious buyer. Your real estate investor pays closing costs and you sign as the seller on this contract.
Close the Deal
Now that you have a clear title and have set a closing date with your buyer and seller, you can close this deal with a real estate attorney or a title company.
The best part is to collect your check! Now go find another deal!
About the Author:
Go to www.Preston-Ely-Freedom-Soft-Review.com and review this amazing new real estate software program to see how FreedomSoft can benefit your real estate wholesaling business.
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