Loveland Real Estate Resources

If you've been in business for any length of time, you'll find that there are more things to do then can be done in any given day, so you absolutely must prioritize to become a successful real estate investor.

The 80/20 rule, also called Pareto's Principle, tells us that a large percentage of our success is dependent on the significant few things. The general idea of the rule is that 80% of your results will come

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Here are 4 amazingly simple ways to get others to find great real estate deals for you.

First, and this is an obvious one, hire a real estate agent or broker to scour their multiple listing service (MLS) and only bring you the deals that meet your very specific criteria. The overwhelming majority of real estate agents and brokers are paid only when you buy or sell a property using their service. They can look through the inventory they have access to and share with you the ones that meet you very specific needs. Then, when you find one that works for you, you buy it with that real estate agent or broker. You get a great deal and they earn a commission.

Second, find

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Many real estate investors lose out on an untold number of real estate deals by pre-screening too much on the telephone. Far more real estate investors pre-screen too much even before the first phone call, but that's a topic for another day. Let's discuss why you should NOT pre-screen for motivation on the phone if you want to buy more deals, with better terms and at better prices.

Are you the type of guy or gal that asks/asked if they're going to get an

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If you are using a blank sheet of paper or, even worse, scraps of paper to jot down information about potential properties when you are talking to potential motivated sellers on the phone for your initial call, shame on you!

You should be taking down all the information about the property and sellers in an organized fashion. If you do not have a Property Information Sheet to use to gather this information for your own real estate investing business, then get one or, as a last resort, make your own and use it for every call.

Most of the information you'll gather is

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So you've put out some marketing and had some potentially motivated sellers call you. Whether you are taking the call live or returning the call from a voice mail message, here is a big picture overview of the process for talking to motivated sellers for the first time.

First off, do not... I repeat... DO NOT... research the deal before you talk to the seller. Get back on the phone with the seller as quickly as possible and without doing ANY work on the file before you call. There will be plenty of other areas to procrastinate where it is to your advantage to do so... this should NOT be one of them.

If you can, take the call live from motivated sellers. If not, return phone calls as soon as you can.

For this initial call, you will want to

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Happy Thanksgiving!

Some of you may be traveling and want to listen to some great real estate investing courses on your trip, so there are TWO very different real estate courses available to you FREE this week and both of them are on money for investing in real estate.

The first course is for playing a complete game on LearnToBeRich.com this week. Just start a game between 11/24/2008 and finish it before Sunday, 11/30/2008 and on the final game summary page, there is a link to download the entire course called Real Estate Mentor Calls Volume #7: Money for Real Estate Investing.

Also, as a second course you can login to the Wholesaler Control Panel (you'll need to register for a free account first if you don't have one) and you can download Let's Talk About The Money which is another real estate course dealing with money for real estate investing. This one unlocks as you work on your own real estate investing business and earn points in the training materials we provide for free there as well.

Of course, you can purchase either one of these titles directly from LearnToBeRich.com, Inc on audio CD using the links below if you prefer not to play the game or earn points.

Real Estate Mentor Calls Volume #7: Money for Real Estate Investing

Let's Talk About The Money

Enjoy the free real estate courses this week and have a safe and happy Thanksgiving!

Sincerely,

James

There are many ways to increase your response rate when marketing for your real estate investing business, but today I am going to talk specifically about a general one that can be applied to ALL of your marketing. This one simple method can be used to give you a small boost in response regardless of what type of media or message you are using, or what market you are targeting (the 3 Ms of Marketing). What is it?

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Here's another Loveland property that was submitted by a user that we will use as a teaching tool for our Loveland, Colorado Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 910 SW 20 St, Loveland, CO 80537.

Since this 3 bedroom, 2.00 bathroom property has an asking price of $91,800, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.

As you can see from the table above, if you know that rents in Loveland can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.

By the way, did you know that Jassen recorded an audio CD about his favorite real estate investor lessons. If you are interested in checking that out, you can view information about What My Favorite Real Estate Guru Taught Me About Investing.

Until next time,

James