Five Ways to Get Started Investing in Real Estate Build Your Team
The real estate market changes quickly • You must evaluate your business model and make improvements to operation • If you were dropped into a strange city, how would you begin investing in real estate?
Building Your Team- Wholesalers • Drive around neighborhoods and pick ones you want to invest in • Call the numbers on bandit signs that say “we buy houses” • Network with these wholesalers- they buy property • These are not your competitors, they are “teammates”
1. Building Your Team- Wholesalers • They’ll give you a list of buyers who you can wholesale property to • You can also use them to find deals • Either way you begin to see the pipeline of deals moving around your city
Building Your Team- The Internet • Craigslist • REIA’s and franchises post and sell property over the internet • Find and call seller on the internet • Say “I’m new to the city, and I’d like to start wholesaling property”
Building Your Team- Title Companies • “Ninja Trick” • They know where invoices come from and who the fees go out to • They know who’s making money in real estate • Network with closers at title companies • They’ll tell you who’s doing deals so you can can call and email them
Building Your Team- REI Groups • Go online to find a national REI group • Attend events and rub elbows • Wholesalers and property sellers will be there • Begin building a rapport with your new “teammates”
Building Your Team- Hard Money Lenders • You may not want or need to borrow money from them • They know investors who buy property with equity in them • Sometimes the lenders must foreclose on these investors • In order to get these properties off their books, they’ll sell to you at a discount
Building Your Team • No matter what city you’re in, you can use these methods to build your team and get started investing in real estate!
Passive Equity To learn more about real estate investing and private lending visit… http://passiveequity.com/