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The REI Diamonds Show-Real Estate Investment Podcast
Real Estate Investment (REI) Jewels of Wisdom
Category: Investing
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January 22, 2021 11:09 PM PST

Investing in mobile homes with no money down is possible if you execute the correct strategy. Jay Samera joins me on the show to discuss this strategy in detail. Investing in mobile homes can generate quick chunks of cash. Brand new investors often do their first deal and net anywhere from a few thousand dollars to $10,000 or more. Many real estate investors avoid this strategy because of they don't know the strategy. They would rather do a wholesale deal or a flip because it's more mainstream.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

Resources Mentioned in this Episode:
https://TrailerCashAcademy.com

For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessOffMarketDeals.com/podcast/

View the Episode Description & Transcript Here:
https://reidiamonds.com/how-to-make-300k-year-investing-in-mobile-homes-with-no-money-down/

Check Out the Full Archive of The R.E.I. Diamonds Show:
https://REIDiamonds.com/podcast/

The Mobile Home Market is Prime for Making Quick Cash

There is nearly no competition in the mobile home investing market. This is because the real estate investing community largely ignores the mobile home market. This lack of competition refers to the buy side-dealing with a motivated seller.

On the other side of the deal is the buyer who will occupy the property. Normally these buyers would be in the market to rent a home, but leap at the opportunity to buy rental property instead. This "buyer" is actually only buying the manufactured home, not the land beneath. Considering that fact, the purchase price paid for the house and the monthly rent payments still provide that buyer with a home they own. These buyers now have pride of ownership. They can maintain, paint, or change their home without asking any landlord. It feels good to own a home.

This is NOT about Buying Mobile Home Parks-You do NOT own the land here...

You don't actually "buy the property". Park owners actually own the lot and the mobile home owner pays rent. I normally pass on these deals myself because of this fact. It's also a reason many gravitate toward wholesaling houses instead-as you're doing deals on fee simple (fully owned) property which most real estate investors understand. Essentially you are buying & selling the mobile home itself. It might make more sense to think of this strategy like buying & selling cars for profit. There is a title, but no deed. The Park Owner (sometimes a real estate investment trust) holds the deed to the land. Here's why that's important:

5 Risks that Lead to BIG Losses & How to Avoid Them

Jay and I discuss 5 big risks which could cost you big during the show. One of the biggest risks to understand is that you're at the mercy of the land owner. That park I mentioned above? They have the ability to write the rules for their park. Every mobile home park has it's own set of rules. Some of these rules included approving any resident. Those approval processes could take months-while you're responsible for paying the lot rent. Check out the episode to discover the other 4 risks.

Structure of a No Money Down Mobile Home Deal

No money down real estate investing is always accomplished through creative financing. You're simply putting together sellers and buyers. Find a motivated seller and lock in a purchase price-often by arranging to make payments. Then find a buyer, set a purchase price, collect a down payment, and hold a note (or loan) for the balance.

Be sure to collect a larger down payment than is required to pay the seller, so there is some profit left right up front in the deal. Congrats-you're just bought & sold real estate with no money. Well, I guess in this case, it's actually a mobile home. Along these same lines, creative financing applies to various types of real estate-land, apartment buildings, houses, and of course, mobile homes (not actually real estate).

You also set the terms and the interest rate for the payments you're collecting. Even though you don't own the land, you're still collecting cash flow just like an investment property. Many would agree this is even better since you're not responsible for any maintenance or upkeep on the deal.

Jay & I Discuss Investing in Mobile Homes
• Structure of a No Money Down Mobile Home Deal
• 5 Risks that Lead to BIG Losses & How to Avoid Them
• Most Valuable Asset-Even if You Have No Money
• Best States for Mobile Home Investing

Relevant Episodes: (There are 180 Content Packed Interviews in Total)
• Deferring Taxes on ANY Highly Appreciated Asset Sale with Brett Swarts https://reidiamonds.com/deferring-taxes-on-any-highly-appreciated-asset-sale-with-brett-swarts/
• Investing in Real Estate Using an IRA with Jason DeBono https://reidiamonds.com/investing-in-real-estate-using-an-ira-with-jason-debono/
• How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss https://reidiamonds.com/how-to-take-huge-depreciation-using-cost-segregation-with-yonah-weiss/

January 15, 2021 09:49 PM PST

Finding Off Market Real Estate Deals Can Lead to Untold Riches

Real Estate Investing is a transactional business. You have to have a source of deals. Better still is a source of Off Market Real Estate Deals that you can buy, renovate and make a profit. DFD Mastery founder Zack Boothe joins me on this real estate investment podcast to discuss his method of finding investment property.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/how-to-find-off-market-real-estate-deals-with-zack-boothe/

Zack has a history as a long term real estate investor. His primary strategy was to buy rental property and lease to Section 8 tenants. You probably know of investors following this same strategy. He found that over time he didn't really make much money on his portfolio. Tenants caused damage and the yearly property inspections racked up repair bills. Maybe you can relate.

Zack made the transition to becoming THE SOURCE of Real Estate Deals in his market-Salt Lake City, Utah. Since he controls the deals, he gets to set the terms and prices of his deals. Some get wholesaled to other investors and he collects a fee. Others route to fix & flip partners who step in, fund the deal, do all the work, then split the deal 50/50. Can you see how this sets you up to become rich?

Digging through the Multiple Listing Service MLS is for Real Estate Agents, NOT Investors

The old way real estate investors found deals was to dig through the MLS. The MLS is the same system used by real estate agents to find listings for their clients. Now, there are some deals on the MLS-even in this market. However, those deals usually come with serious competition. Serious competition leads to bidding ways. Most real estate investors are averse to paying more for anything-especially real estate deals. So the key to lowering competition on your deals is developing a source of Off Market Deals.

Find Off Market Deals in YOUR Market

Finding off market deals in your market takes work. You actually have to set up a business with lead generation, marketing expenses and hiring and managing a team. To some, this is a nightmare, or even a diversion. For example, if you're good at rehabbing and have plenty of cash lined up, your time might be better invested in finding solid sources of off market deals-like Zack-and focusing on the business of rehabbing.

On the other hand, if you're interested in doing the work and investing the time & money to generate deals, you'll definitely want to listen this show. Zack describes his laser focus approach to building a team and developing the HIGHEST R.O.I mailing list in his market. Imagine having a list of property owners who own the exact types of real estate you'd like to buy. You can do the same in your market using the same software that Zack uses: The REI Deal Machine. Go Here https://dealmachine.app.link/diamonds for a free download to test drive.

What Software is Used to Drive an Off Market Deal Business?

As mentioned, Zack uses the REI Deal Machine to develop his list and manage his mail. The deal machine will research addresses in public record, skip trace, and even offer push button postcard and letter campaigns. Oh, and the best part, you can actually trace your driving routes and manage your driver team using the Deal Machine.

Zack & I Discuss His Source of Off Market Deals
• Finding Off Market Deals in Salt Lake City, Utah
• Partnering with Flippers for a Large Piece of the Action
• Prime U.S. Markets for Wholesaling OR Fix & Flip Deals
• How to Get the #1 Highest R.O.I. Mailing List in YOUR Market

Relevant Episodes: (There are 178 Content Packed Interviews in Total)
• How to Find Motivated Sellers with David Lecko https://reidiamonds.com/how-to-find-motivated-sellers-with-david-lecko/
• Lead Conversion System for Direct to Seller RE Investors with Dan Schwartz https://reidiamonds.com/lead-conversion-system-for-direct-to-seller-re-investors-with-dan-schwartz/
• How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss http://reidiamonds.com/blog/2020/05/30/how-to-take-huge-depreciation-using-cost-segregation-with-yonah-weiss/
• Financing Million Dollar Deals Post COVID with Anton Mattli https://reidiamonds.com/financing-million-dollar-deals-post-covid-with-anton-mattli/

Resources Mentioned in this Episode:
http://www.REIDFD.com

Check Out the Full Archive of The R.E.I. Diamonds Show:
https://REIDiamonds.com/podcast/

For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessOffMarketDeals.com/podcast/

January 07, 2021 09:25 PM PST

Investing in Real Estate with No Money Down

You might have heard people say that investing in real estate with no money down is impossible. The first thing to understand is that investing with "no money down" does NOT mean "no money at all". My guest, Chris Prefontaine, has developed an entire system to consistently buy property with no money down. We are NOT talking about house hacking or buying a primary residence. These no money down deals generate cash flow over the long term.

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

Get Access to Chris Prefontaine Quantum Leap System:
http://www.REITerms.com

For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessOffMarketDeals.com/podcast/

View the Episode Description & Transcript Here:
https://reidiamonds.com/investing-in-real-estate-with-no-money-down-with-chris-prefontaine

There are a few financing options to invest in real estate with no money down. The first way is by using seller financing. You find a seller willing to accept payments on the purchase price. In other words, the seller is the money lender in the deal, not a bank. For example, you agree to pay $400,000 for a house by making monthly installments of $2,000 per month. The second way is to use a lease option where you pay the owner a certain monthly payment. Additionally, you lock in a purchase price for a certain period of time. Let's continue using the $400,000 example. First, you lock in a monthly payment of $2,000 with the seller. Second, you lock in the purchase price of $4,000. Third, you agree to pay that $400,000 price within 36 months.

You make your profit by finding a buyer willing to pay $2,400 per month and $440,000 within that same 36 month period. Of course, this is an oversimplified set of examples. Every no money down real estate deal is unique. You can negotiate monthly payments, credits, the purchase price, & the term of the deal. Your options are endless!

Has Covid Improved the No Money Down Real Estate Market?
Covid has affected many real estate markets throughout the U.S. I'm a real estate investor and I personally buy rental property in Atlanta, Chicago, & Philadelphia. These markets have become superheated through 2020 which caused inventory levels to drop. The lack of houses for sale has caused purchase prices to rise. I imagine your market is similar. This low inventory can make finding a deal more challenging. However, your opportunity to make money is better because the prices are rising. Any deal you make has a higher chance of selling at a profit since the market is moving up. In other words, deals are more valuable now than they have ever been. So how do you find no money down real estate deals?

Which Sellers Will Accept a No Money Down Offer?
The real estate investing business is based on making offers. Newbie investors often avoid making offers for a variety of made up reasons. They blame their credit score or interest rates. There are two reasons newbies don't buy real estate. First, they don't ever make offers to buy investment property. The second reason is usually the cause of the first reason. They don't know how to make the offer. The price, the terms, the closing date. These are confusing.

To make things worse, newbies often make their offers to the wrong seller. Banks selling REO property will NOT accept a no money down offer. They expect cash. A seller who needs the cash to move to their next house cannot accept a no money down offer. They need cash.

On the other hand, a seller who is seeking to avoid paying taxes on the sale of a house is the perfect seller to offer a no money down deal. Those sellers are the perfect candidate for a no money down deal. The next challenge is finding those sellers. The best method for attracting deal flow is through marketing. All volume investors know this secret. Get good at advertising and you'll never be without a deal. How much advertising budget is needed to succeed? Much less than you think. You'll have to check out the episode for full details.

Check Out the Full Archive of The R.E.I. Diamonds Show:
https://REIDiamonds.com/podcast/

January 01, 2021 01:11 AM PST

Mark & I Discuss How to Flip Land Deals with No Money Down:

  • How to Profit from the Current Bubble in Land  
  • Where the Best Land Deals are Located 
  • Finding the Best Buyer for Any Land Deal 
  • Knowing Which Land Deals Have Little Competition 

How to Invest in Land in with No Money Down-Podcast Episode Highlights

 

Mark Podolsky, aka, The Land Geek, has been buying and selling land for more than 20 years. On this episode Mark & I discuss how to invest in land. Specifically how to buy land with no money down. His specialty is buying vacant land very cheap-in the $5,000-$20,000 range, closing using quit claim deeds, and then reselling to buyers on terms at nice profit spreads and strong interest rates.

 

In other words, buy a parcel of land for $5,000, close, then resell immediately for $20,000. The trick is the terms-to that same buyer, Mark would collect $5,000 down and accept payments of around $200 until paid in full. Oh, he also charges interest on the $15,000 balance, so there is some additional profit in the deal long term as the payments roll in.

 

Mark uses direct mail & software to fire off automatic offers in bulk, allowing the seller to simply sign the agreement should they accept the offer. Using his system, which he shares with his students, he's been able to build a substantial passive income while systematizing the business to run on near automation. Mark's goal is to do a deal per day-or somewhere around 200-300 deals per year.

Buying Raw Land is Only a Good Real Estate Investment Strategy When

 

The way I see it, there are really only two ways that land investors make money. The first would be to buy land at a low price and then sell at a higher price at some point in the future. This is Mark's strategy as we discuss in depth during the episode. The second way to profit from raw land is to buy the plot of land and then develop the land to increase value-build a house, rezone, or maybe construct a commercial property. This podcast does NOT focus on development, however we have had many commercial real estate developers on the show.

How To Profit from the Current Land Bubble

 

Covid has superheated the land market. People have been racing to buy land as outdoor recreation, safely away from any virus danger, has become very popular in 2020. What better place to camp, ride dirtbikes, or have an RV than on your own land. There is something seductive about owning land, it always has been.

 

Mark's buying and selling of land, the strategy of leaving no money in the deal long term-is the perfect way to profit from the current land market. It's all about velocity: buy & sell as quickly as you can. In my own experience flipping houses, the good deals are those that profit. The best deals are those that profit and close quickly! The less time you actually own the land in between the purchase and sale, the lower your risk of losing money or other liability.

You Gotta Avoid the Land Losers...

 

Some land is simply worthless. Areas such as Pennsylvania & New Jersey are often laden with environmental clean up sites. Old industrial properties with EPA superfund sites which could place the unsuspecting buyer into a huge financial responsibility. You can do quick due diligence on a potential land deal at EPA.gov

 

Another issue which could make land worthless is no road access. Think about it-you've gotta be able to get to the land you bought without encroaching on someone else's land. I've personally passed on a large number of very cheap land deals because there was no access road.

 

If you were focused on land that you were going to build, you'd also need to be aware of flood zones, but the deals Mark and I discuss aren't really affected by flood zones. Most of the buyers are using the land for recreation, not development.

Cash Flow from Land Deals

 

The big takeaway here for Real Estate Investors is that you can take a small amount of seed capital and build your cashflow up to $100,000 or more per year in a short time. Mark has students who have done this in as little as 18 months. And Mark sees no end to this trend-with 2.43 Billion acres in the U.S., there will be no shortage of land deals anytime soon.

 

Relevant Episodes: (There are 176 Content Packed Interviews in Total)

 

Resources mentioned in this episode:

www.TheLandGeek.com

 

Check Out the Full Archive of The R.E.I. Diamonds Show:

https://REIDiamonds.com/podcast/


For Access to Real Estate Deals You Can Buy & Sell for Profit:

https://AccessOffMarketDeals.com/podcast/


View the Episode Description & Transcript Here:

https://reidiamonds.com/how-to-buy-land-with-no-money-down-with-mark-podolsky/

December 23, 2020 02:45 PM PST

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/


Mike & I Discuss How to Avoid Capital Gains Tax:

  • Passive Real Estate Investing
  • How to Invest $100K in Real Estate
  • How to Build Retirement Income

 

Relevant Episodes: (There are 175 Content Packed Interviews in Total) 

 

Resources Mentioned in this Episode:

www.RedFoxCapital.co

 

Check Out the Full Archive of The R.E.I. Diamonds Show: https://REIDiamonds.com/podcast/

For Access to Real Estate Deals You Can Buy & Sell for Profit: https://AccessOffMarketDeals.com/podcast/

View the Episode Description & Transcript Here: https://reidiamonds.com/passive-real-estate-investing-in-real-estate-development-with-mike-brown/

December 16, 2020 11:47 PM PST

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine.  This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals.  For a Limited Time, You Get Free Access at http://REIDealMachine.com/

Gregg & I Discuss:

  • Why Invest in Jacksonville, Florida Real Estate
  • Turn Key Rental Properties Offer Easy Scale
  • Build to Rent-Brand New Assets
  • Why a “Focused Approach” Beats a “New Markets Approach”

 

Investing in Jacksonville, Florida Turn Key Rental Properties-Podcast Episode Highlights


What are Turn Key Rental Properties? Why Should I Invest?


Gregg Cohen, founder of JWB Real Estate, joins us on the show today to discuss turn key investment properties. Real Estate investors in the olden days were limited to investing in their local market-where they could physically manage the tenants, repairs, and any other issues that arise from owning property long term.


In today's world, with the internet and property managers like JWB who offer fully renovated houses with tenants in place, out of state, or even out of the country owners can enjoy cash flow in any real estate market. With so many markets available, let's talk about why I like Jacksonville, Florida, and the reason I sought to invite Gregg onto the show.


How to Scale a Real Estate Investment Portfolio:


My main business is buying & selling houses as quickly as I can. Sometimes completing renovations, sometimes selling nearly as-is, with only minor cosmetics done after we buy the property. Even though I close close to 300 deals per year, when it comes to passive income, I prefer buying turnkey investment properties. I also have no issue with long distance ownership.


The bottom line is that I can scale quickly when turnkey companies are placing tenants and managing the details for me. The extent of my involvement is the heavy lifting on the front end to actually close the purchase: the loan application, signing documents, and providing the 20% down payment.


Why Invest in the Jacksonville, Florida Real Estate Market?


The Jacksonville, Florida real estate market is attractive to me first for location. There are jobs and population from all over the U.S. migrating to Florida, and Jacksonville's pricing hasn't gotten detached from wages. Normally I prefer market's with 5 Million people or more living in the metro area, but Jacksonville has about 1.5 million. Even though it's smaller than I'd normally prefer, Jacksonville is among the fastest growing large cities in the US.


Why Does the Age of a Home Impacts the Value and Maintenance Cost?


On this episode, Gregg and I also discuss his brand new construction homes which are built to rent. Turn key rental property investing normally focuses on existing houses: buy a house, renovate a house, then rent to a tenant, before selling the house with tenant to an investor like me. JWB actually began buying lots and building brand new homes for the same purpose: to provide investors with a brand new turnkey rental investment. One note-I have since attempted buying the brand new offering only to find out that they are in very short supply. Somewhat disappointed...


Anytime I consider buying a turnkey rental property, the biggest variable, after location, which affects price is the current condition. I love the idea of a new home-since the entire house is new. That's not usually an option, so I evaluate the home based on it's current condition. Unless you're an expert in construction, the best bet is usually buying recently renovated turnkey real estate investments from the property management company who actually completed the renovation. You still need to to due diligence on the company, the house, & the market before you close the deal.


Many of the houses I've bought "turn key" were simply occupied rentals bought from mom & pop landlords. In those instances, I expect a risky tenant, many repair issues, and a significantly below market price to account for the risk. I understand that long term, my maintenance costs will be very high-when compared to a turnkey investment property purchased through a full service turnkey rental property provider, such as JWB real estate. Please check out the full episode & come up with your own conclusions

 

Relevant Episodes: (There are 174 Content Packed Interviews in Total)

 

Resources Mentioned in this Episode:

https://JWBRealEstateCapital.com

 

 

Check Out the Full Archive of The R.E.I. Diamonds Show: 

For Access to Real Estate Deals You Can Buy & Sell for Profit:

 

View the Episode Description & Transcript Here:

https://reidiamonds.com/jacksonville-florida-turn-key-rental-properties-with-gregg-cohen/

December 10, 2020 07:50 PM PST

Paul & I Discuss How to Avoid Capital Gains Tax:

• America’s Economy 2021

• Biden vs Trump Economic Plans Compared

• 2021 Mortgage Interest Rates Forecast

• How is the US Economy Going to Look in 3-5 Years?

 

Relevant Episodes: (There are 173 Content Packed Interviews in Total)

Deferring Taxes on ANY Highly Appreciated Asset Sale with Brett Swarts https://youtu.be/SqAx_htIySg

• How to Make $100K or More Per Deal with Tucker Merrihew https://youtu.be/WzAxz6hrW_8

Marketing, Meetups & $100 Million in Apartment Syndications with Adam Adams https://youtu.be/yGDvdLAjTxM

 

Resources Mentioned in this Episode:

https://GreenDrakeAdvisors.com/

 

Grab Your FREE Copy of "Wholesale Houses 101" and Learn How to Buy & Sell Houses with NO MONEY Down: Go To: www.REIDiamonds.com "Real Estate Investing Jewels of Wisdom"

December 03, 2020 08:04 PM PST

Carl & I Discuss How to Avoid Capital Gains Tax:

  • Legal Structure of the Deferred Sales Trust
  • Conservation Easement: How Donald Trump Avoids Tax
  • Sell any Highly Appreciated Asset and Defer Tax

 

1031 or Like Kind Exchange:

  • Defer Tax on the Entire Gain
  • Real Estate Investor Tax Strategy
  • Short Deadline on Reinvesting Proceeds
  • Like Kind-Limits Asset Types

 

Deferred Sales Trust:

  • Avoid Capital Gains on Sale Proceeds
  • Real Estate Investor Tax Strategy
  • No Deadline on Reinvesting Proceeds
  • Works with ANY Appreciated Asset

 

Relevant Episodes: (There are 172 Content Packed Interviews in Total)

  • Deferring Taxes on ANY Highly Appreciated Asset Sale with Brett Swarts https://youtu.be/SqAx_htIySg
  • Investing in Real Estate Using an IRA with Jason DeBono https://youtu.be/AnLjrtUovCI
  • How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss https://youtu.be/JkOsXTAZR2A

 

Resources Mentioned in this Episode:

Interested in Becoming a Tax Deferral Consultant?

Go to: https://taxdeferralstrategies.com/contact-tax-deferral-strategies/

 

Schedule a Tax Deferral Consult: https://calendly.com/chris-defertax/tax-deferral-consultant-introduction-phone

https://www.DeferTax.com

http://www.CarlWorden.com/

November 26, 2020 03:44 PM PST

David & I Discuss:

  • How to Find Off Market Deals
  • How to Build Your Best Lead List
  • How Price & Competition in affects Your R.O.I

 

How to Find Motivated Sellers-Real Estate Podcast with David Lecko

David Lecko, founder of the Deal Machine app, joins us on the REI Diamond Show to discuss How to Find Motivated Sellers using techniques including driving for dollars, direct marketing to absentee owners and other sellers with distressed property. The Deal Machine is a driving for dollars app that allows users to simply enter a property address while driving through a specific neighborhood, which then processes the public record for the mailing address and triggers a sequence of direct mail to the property owner. In addition to the Deal Machine design and use case, David & I also discuss a few common questions investors have when seeking the best deals in real estate.

How to Find the Best Deals in Real Estate?  

The best deals for a real estate investor to buy are distressed homes. In other word, you have to find deals on houses that need renovations. This is the real estate investors function in in society-to find distressed properties, purchase those properties, and complete a renovation. The end result is a renewal of the neighborhood.

We should identify what is meant by a "good deal" for real estate investors. Anyone buying a distressed property needs to know their numbers: What is the repair budget needed to renovate the property, what is the property worth when complete, and how much can I pay the current property owner for this house and still make a profit? The key here is PROFIT.

The best deals in real estate investing are done directly with property owners who are motivated to sell. This means they are motivated to sell for some reason, perhaps the condition of the house is very poor, or they have to sell very quickly to meet a deadline, or maybe their tenant has stopped paying rent and is squatting in the house. Whatever the reason, the motivated seller has decided they absolutely must sell their property.

So how does one find these motivated sellers?  

Well, by marketing directly to them, of course. Investors & real estate agents often market directly to sellers they believe may have a motivation to sell. While bulk you can purchase a bulk list of motivated seller leads, such as a delinquent tax list from list providers such as PropStream, David describes the higher value of developing a list of much more specific properties by driving for dollars.

What is driving for dollars and how does it work? 

Driving for Dollars is exactly what it sounds like. You're driving neighborhoods looking for distressed houses that would make a good deal for two reasons: the house needs work and the owner might be interested in selling their home. You can use the Deal Machine to track your route, instantly upload photos along with those specific addresses, as well as trigger your real estate marketing right from the road. Then anytime you need another deal, you simply trigger another round of mail to the leads in your Deal Machine App

What’s the Best Way to Find Motivated Seller Leads for Real Estate? 

David's favorite method of finding motivated seller leads is to hire a team of hourly reps to continuously drive neighborhoods and add leads to his Deal Machine of distressed properties. You can quickly copy this scale strategy of driving for dollars by hiring your own team of drivers. Listen to the full REI Diamonds Show episode on the Deal Machine, Driving for Dollars, & finding motivated sellers here.

 

 

Relevant Episodes: (There are 171 Content Packed Interviews in Total) 

 

Resources Mentioned in this Episode:

www.REIDealMachine.com

 

November 21, 2020 05:14 PM PST

Lyndsay & I Discuss:

  • How to Present Yourself as an Expert
  • Why People Prefer Dealing with Experts
  • How to Raise Capital for Real Estate Deals

 

 

Relevant Episodes: (There are 170 Content Packed Interviews in Total) 

 

Resources Mentioned in this Episode:

www.SmoothBusinessGrowth.com

 

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Iphone_trans Listening to podcasts on your mobile devices is extremely convenient -- and it's what makes the podcasting medium so powerful.

You can take your favorite shows and mixes with you anywhere, but to do so requires some quick and simple steps.

Let's walk you through that process together.
step 1:


Click the "Subscribe With iTunes" link in the page's sidebar:

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This will require that you have the iTunes software on your computer.

(You can download iTunes here.)
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Now that you've subscribed to the podcast on iTunes, the feed will display in your "Podcasts" section on the left navigation bar.

Click there and you'll see the show displayed in the iTunes browser.

You can "get all" to download all available episodes or just individual episodes.
step 3:


Plug your mobile device (iPhone, iPad, iPod) into your computer with the Dock Connector cable, and click the device in iTunes's left navigation bar.

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Once you have your device highlighted, click "Podcasts" in the top navigation bar and sync the podcasts you want on your device. Click "apply" and the episodes you have downloaded on your iTunes software will sync with your device.
that's it!

The beauty of this process is that now, every new episode of your subscribed podcasts will automatically sync to your device every time you plug it in and open iTunes. You can now take your favorite shows with you everywhere you go.

Enjoy!
done!
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