It doesn’t matter how passionate and determined we might be about our real estate investing business; a business, real estate deals, profits are non-existent without effective and consistent marketing.

When I’m talking about effective real estate marketing tools, our marketing must be targeted toward motivated sellers or we’re wasting our real estate marketing dollars and time on people that aren’t serious about selling their houses. The objective is to find solutions for homeowners that need a lifestyle change of some kind on a property that we can also make a profit from.

Marketing creates leads and leads can become deals- real estate deals can produce big profits.

There’s so many ways to generate leads -I’m going to list ALL of them that I know of off the top of my head.

Feel free to add to this list here as well.


Using printed info, these are some of the low cost advertising rei tools/ideas that can supply real estate investing leads.

1. Business cards
2. Small newspaper ads
3. Free ads at craigslist and other sites
4. Signs
5. Door hangers
6. Utility workers
7. Flyers
8. Grocery store carts
9. Bulletin boards
10. Billboards
11. TV
12. Radio
13. Referrals
14. Bus stops
15. Laundry mats
16. Community events

In terms of outreach to people, places and agencies – Here’s a list of the ones that I’ve used and a few that my investing/investor colleagues have used.

( Check out Flipping For Quick Cash Marketing System Here)

1. Title Companies
2. Home Inspectors
3. REIA Clubs
4. FSBO’s                                                            
   
5. Bankruptcy Attorneys
6. Homeowners Associations
7. Burned out Landlords
8. Bail Bondsmen – often due to legal reason, these agencies end up with properties that need to be sold.
9. Code Enforcers – know the neighborhood violations, etc. Got any in your family?
10. Hard Money Lenders- interview one and have this discussion
11. Meter Readers
12. Waste Management – know the neighborhood- vacants,  REO’s, etc
13. Divorce Attorneys
14. Probate/Trustees – aware of /oversee many files. Interview one.
15. Tax Offices – publish in newspaper, contact them for more info
16. Garage Sales- newspaper for locations/dates. sometimes these folks are (underground) motivated sellers as well.
17. Estate Sales- do you know anyone that coordinates these? If not, time to meet one or check the newspaper for locations/dates.
18. Vacant Houses

** Every time you go for a ride, take a different route to get to know your neighborhood, the properties, comps, vacants and utility workers.

Now that we’ve examined many different marketing and advertising ideas, over the next couple of days-  pay attention to people that you already know in these roles that you can offer a referral reward to for bringing you deals.

Another REI Tool for you!

If you need the actual templates, scripts, postacards and letters to target those deals

CLICK HERE and you’ll get an Instant Download sent to your inbox.

Chat  soon.

To your massive success,

Karen

Real Estate Investing Tool That’s Best Choice for Newbies

Wholesale real estate investing is one of the newest and hottest trends in real estate investing, and in my opinion- one of the best RE investing tools/strategies for newbies to get into. It combines the profit potential of house flipping with none of the financial risk. You don’t need lots of money and you don’t need sterling credit. You do need ambition and the ability to work hard, and if you can do that, you can be successful at wholesale real estate investing, newbie or not.

Of course, the obvious first question is what the heck is wholesale real estate investing? Most people have never heard of it, so don’t feel bad if you haven’t. What you’re doing, basically, is acting as a real estate wholesaler.

If you were running a grocery store, you wouldn’t buy your food directly from the farmer. Instead, the farmers sell their food to a wholesaler, who then sells them to grocery stores. The farmers benefit from not having to search for buyers for their food, and the stores benefit from not having to look for people to buy food from. The wholesaler charges a small fee for making that connection. It’s like matchmaking!

Likewise, in real estate there are plenty of people with houses they don’t want and would love to get rid of. There are also plenty of people who buy houses in order to fix them up and sell them for a profit. What neither of these people really wants to do is look for the other person, which is where you come in. Match made in profit heaven!

What you’re doing as a wholesale real estate investor is finding those distressed houses that are an anchor around their necks and making the seller an offer. You then find a flipper/rehabber that is looking to buy houses to fix and present them with the offer plus your fee. They then buy the house, pay you, and everyone is happy.

Flipping houses often requires a chunk of money or the ability to take out fairly large loans. In either case, if you don’t know what you’re doing or if the current real estate market turns on you, then you’re at risk of losing a big chunk of cash.

With wholesale real estate investing, what you’re doing is contracting to buy and selling it to someone else for a nifty profit. If you don’t find a buyer for the house you’ve optioned, then you are only out a pretty nominal deposit amount. This is about as low risk as it gets when it comes to investing in real estate, which is what makes it perfect for newbies.

Need to make money quickly? Wholesale real estate property!

Karen

Believe it or not, this is actually an excellent time to get started investing in real estate. Due to the recent downturn in the housing market, there’s so much making it possible to buy houses at bargain prices, albeit competitively. But no matter how good the market is when you start investing in real estate, you shouldn’t go into it blindly or embark upon it alone.

What you need is real estate mentor, someone who knows the in and outs of the business and can show you the tips and tools you’re going to need to be successful. This is crucially important, because while research and courses are both useful and important, real estate is an area where experience counts for a lot.

A mentor can give you tips, like what markets are likely to rebound and which aren’t, and they can show you how to use the right tools, like what you need to do to search for foreclosures, or how to access networks that will allow you to find the best deals.

That said, it’s not a matter of finding a mentor, it’s the matter of finding the right mentor. Because the potential for profit is so high and the field so open, you’re going to find that a lot of so called real estate mentors have no idea how to really help you make money, merely regurgitating information from some weekend seminar they went to that was hosted by another person without hands on experience.

That kind of mentor will show you tips and tools, but all you’ll get from them is wasted time and lost money. What you need to be looking for is a mentor who has been down in the trenches, who has actually done what you are looking to do.

One thing to look for in a mentor is someone who was been in both up and down markets. Lots of people got into the real estate market when the housing bubble was growing, when it was easy to make money while not actually knowing a thing about how real estate really works.

You don’t have to stick to just one mentor, either; you can and probably should have more than one. One of the best ways to do this is to find a network that allows you to access real estate mentors, tips, and tools, a network where you can access the power of many minds to make sure that you attain the real estate investing success that you yearn for.

Karen Roberts