A lot things have changed in the world of modern business and entrepreneurship.

The internet alone has revolutionized the way we conduct our respective businesses. Take real estate investing for an example.

Nowadays, you don’t need to go out and knock on doors in order to find sellers, buyers and lenders – every facet of the deal-making process can already practically be done virtually over the net.

You can close multiple deals simultaneously even without having to meet with either the seller or the buyer in person.

Heck, you don’t even have to go see the house you’re trying to sell! :-)

But if there’s one aspect of entrepreneurship that hasn’t changed, it’s the need for an effective coach. The following is just a short list of essential concepts a coach or mentor will be able to help you immensely with:

Goal-setting – a coach can help you set goals that are SMART (specific, measurable, achievable, relevant and time-based). It’s not enough that your goal is “to be successful” or “to be rich”. A coach is able to help you get clear on what being successful or being rich specifically means to you and thus formulate goals you can actually set out for and accomplish.

Formulating an Action Plan – it is not enough that you set goals – it is equally, if not more, important to devise a clear plan of attack on how the goal will be realized. A coach can help you create and layout the steps you need to take in order for you to achieve your goals.

Accountability – a system of checks and balances also needs to be put in place if one is to be truly successful. This is something a coach is most effective in. A coach will be able to hold you accountable for meeting deadlines, taking necessary steps, learning new things and practically every single thing you have set out in your action plan. After all, if no one’s there to kick your butt when you’re starting to slack off, chances are, your goals will remain the same – just goals.

Positive Reinforcement – we also need someone to tell us we’re doing a good job. One can never underestimate the power of positive reinforcement. A pat on the back, an encouraging word, or anything that “celebrates” a job well done does wonders for one’s motivation and determination to see to it that goals are transformed into reality.

Leveling Up – a coach will also be responsible for your constant growth. A coach will help you set new and higher goals everytime your old ones have already been achieved. This way, you can be sure you are always growing and your professional development is at a constant upward trend.

No matter what business you’re in, you will be able to do more and achieve more if you have a coach or mentor by your side to guide you.

So, who’s your coach?
NOTE: To find out more about my best-selling coaching program, click here.

If there’s one thing I’m sure about with my real estate investing business – it’s that I will never run out of deals to sell to my buyers regardless of the shape of the economy.

That’s a pretty bold statement – I know – but nevertheless, I can say it with confidence because I got a bag full of deal-finding secrets all the other investor/gurus out there would just die to sink their teeth in. :-)

But since you took the time to get to this humble site of mine, I’m gonna give you an exclusive peek into my bag ‘o tricks and show you 10 of my most common deal-finding tricks.

Read on:

1. Internet – Post ads on craigslist.com, backpage.com, ebayclassifieds.com; Respond to For Sale By Owner ads on craigslist.com, backpage.com, ebayclassifieds.com.

2. Dialing & Emailing For Dollars – For sale by owner ads (online and offline)

3. Driving For Dollars – Vacant houses, For sale by owners, For rent by owners

4. Networking – Social media networking on facebook.com, myspace.com, linkedin.com, twitter.com, meetup.com, REIA cubs, investors, wholesalers, landlords, rehabbers, bird-dogs, Attorneys who handle foreclosure, bankruptcy, probate and divorce

5. MLS – Foreclosures – bank-owned REOs, HUDs and VAs, Fixer uppers and handyman specials

6. Direct Mail – Absentee owners (non-owner occupied), Probate, Pre-foreclosure, Post-bankruptcy, Divorce, Fire damage, Code violation / Condemned, Delinquent taxes, Section 8 & eviction landlords, Expired listing

7. Door-To-Door – Flyers and Hangers, Post-it Notes, Door knocking on preforeclosures, Bandit Signs, Magnetic Signs on cars, Business cards everywhere

8. Cheap Marketing – “I Buy Houses” shirts

9. Mass Media – TV, Radio, Billboard, Yellow Pages and Newspaper ads in daily major, weekly papers

10. Auctions

Now, if you’re going to look closely, I actually gave several ways of finding deals under each main heading. So go out and try these for yourself and see how many deals you’ll end up lining your pipeline today. :)

Something I get asked a lot by newbie investors (and even some seasoned ones) is how to get funding for deals when traditional funding sources fail.

You see, getting loan approval from banks nowadays for your deals is a nightmare. Hard money lenders’ terms are getting steeper. All other traditional funding sources are getting trickier by the minute I’m half expecting “dress up like an astronaut and get photographed jumping off an airplane without a parachute” to show up as one of the required terms anytime soon.

For this reason, I have always answered this question quite simply – “Use Private Money”.
Here’s an interesting article I recently found that talks ab out this exact thing.

Read on. :-)

10 Ways To Find Private Money For Real Estate Investing by M. Wills

Money talks when you are buying real estate. The last thing you need when moving on a deal is trouble with a bank loan or lack of cash. Take it from experienced investors who never fret over the limits of conventional financing. They know how to make more deals happen with private money.

For every banker who turns down your loan application, there is a private lender looking to fund your next home investment. Make it your job to find private funding from the right investor—and both you and your investor can be laughing all the way to the bank.

A private lender is anyone with money to loan, from your friend’s father to an angel investor. Asking for private money becomes easy once you realize how much benefit you bring your lender.

Whether you are wholesaling or fixing properties, other people’s money allows you to structure win-win deals. While you enjoy the freedom to close deals quickly, your private lender reaps a high return on investment with very little risk.

Build Relationships Before You Do Anything Else

Instead of hounding investors for private funding, get to know them. Find ways in which your next property purchase can benefit both of you. Just by letting people know what you do you will be surprised at the relationships you build with potential lenders.

Spend time developing a strong elevator pitch—a short recital of what you do and how your proposed investment matters to your potential lender. With practice, any lender you approach will want to take a closer look at your business plan.

1. Network Close to Home
Start networking in your own back yard—with friends, family and everyone you know. Remember your real estate investment will yield them a high return.

Find private money and become educated by networking at local Real Estate Investment Association (REIA) meetings. Attend local Meetup groups of investors, entrepreneurs and real estate professionals.

2. Reach Out to Real Estate Mentors and Coaches
While you are learning from a real estate mentor or coach, ask for a private loan. Many of them provide private money for mutually beneficial real estate deals. Mentors and coaches can be found in your local area or online.

3. Contact Mortgage Brokers for Referrals
Get to know local mortgage brokers who are connected with private lenders. With increasing numbers of investors in private mortgage lending, you can often gain referrals from brokers.

4. Contact Real Estate Financing Companies
Get referrals from managers at real estate financing companies who oversee private lending pools.

5. Market and Advertise
Advertise directly to private lenders looking for their next real estate investment. Post ads on Craigslist, in money lending publications or on the website of the American Association of Private Lending (AAPLonline.com).

Try posting flyers or sending postcards.

6. Look Up Investor Programs
Private investors join groups to more easily connect with entrepreneurs. You can find angel investors through investor search programs both locally and online.

Angel investors, who seek a high return on their investment, lend private money for real estate and other ventures. At the same time, an investment angel who is right for you will provide knowledge, experience and networking opportunities to help you grow your business. You might even find a partner.

7. Capitalize on Social Networking
Find private money from all over the world through online social media. Build a profile on Linked In—the largest professional social media site in the world—and join some of its investing groups. Create a page on Facebook or Google Plus. You can also join online investment forums to interact with potential lenders.

8. Research Public Records
Research county public records for title deeds backed by private investors who you can contact. Or search for real estate investors you can contact who have purchased through self directed IRAs—an ideal vehicle for real estate.

9. Develop a Database of Private Money Lenders
As you build relationships with potential private lenders, collect names into a database. If you want to grow your real estate investments, you need to more than one good private money source.

Email your pool of private money lenders with a link to your website or an update on your latest deal.

10. Turn a Seller into a Private Lender
Your seller can profit by becoming a private mortgage lender—securing a mortgage with a low-risk, high interest rate loan against the property.

Potential private lenders are everywhere. Be persistent and realize you are not just using other people’s money. You are providing them a low risk opportunity to make high returns.

Whether you plan to invest in wholesale or fix-n-flip property, think like successful real estate investors and look for private lenders.

QUICK TIPS
  • A private lender is anyone with money to loan.
  • Asking for private money is easier than asking for money from the bank, once you realize the benefits to both parties.
  • You will generate more private money by focusing first on good relationships with potential investors.
  • Network at local Real Estate Investment Association (REIA) meetings.
  • Real estate mentors and coaches lend private money because it benefits both them and you.
  • Find private money through angel investors in online or local investor programs.
  • Find private funding by circulating on Linked In—the largest professional social media site in the world.
  • Develop a database of private lenders for all your real estate investments.
  • Potential private investors are everywhere—make it your job to find them.

I have watched this video a million times already but I never get tired of it and it never fails to inspire me.

I just thought I’d share this with you with a reminder to “NEVER EVER GIVE UP”… Enjoy and have an inspired and fruitful week :-)

Hey All,

Check out the 5 easiest and fattest ways to build your buyers list in real estate.

For more real estate tips  –> CLICK HERE <–

**FEEL FREE TO COMMENT**

Hey All,

I want you to get inspired on this FINE MONDAY!……Do you know MOST people HATE Mondays (possibly you)?

Well, Mondays is one of my best days of the week.  Imagine not getting up on a Monday or any day of the week and going to a stinky J.O.B that you don’t want to go to.  I want you to be the best you can be and love your life, including what is MAKING YOU MONEY AKA YOUR PASSION!!!!!!!!!

Check out this video below that I had to post.  T.G.I.M (THANK GOD IT’S MONDAY)

P.S- If you still haven’t got my wholesaling real estate course yet, you need to get it NOW —> GO HERE

Hey All,

Check out this video below. In the video I explain how the mind is the KEY to your success in real estate investing. If you want to make money in real estate, or accomplish anything, you MUST believe first.

Without the mind, your physical body cannot take action!!!

P.S- If you want to learn how to make a FORTUNE in real estate       ===========>>>>>>>>  CLICK HERE

Enjoy the video

Hey All,

Here below is a video shared with great content on how to sell your properties to your city development!!!
This is some POWERFUL content shared, so don’t sleep on this video. Real estate investing is a lucrative
business and if you want to make good profits, sometimes you have to be different and creative to
become a top real estate investor in your market place.

Check out the video and Enjoy…If you want to learn how to flip REOs     –> CLICK HERE <–

Hey,

Check out this video below. In this video, you will find why it is better to use a real estate attorney vs title company for your real estate investing transactions. Learn the importance of having an investor friendly title company on your team.

Enjoy the video. Leave a Comment if you desire. :-)

REO Rockstar
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